question archive Which of the following examples can be classified as an accounts receivable? 1)Terry took a $500 deposit for the upcoming stay of the boa constrictor

Which of the following examples can be classified as an accounts receivable? 1)Terry took a $500 deposit for the upcoming stay of the boa constrictor

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Which of the following examples can be classified as an accounts receivable?

1)Terry took a $500 deposit for the upcoming stay of the boa constrictor.

2)Terry placed an order for food for the spotted genet. The terms of sale were cash in advance.

3)Terry sent a specialty cage supplier a payment on account.

4)Terry issued a paycheck to his receptionist.

Option 1

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Option 2

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