Other receivables represents the amount ________. A) customers ...

[stock]

Other receivables represents the amount ________.
 
  A) customers owe for goods or services previously delivered
  B) collected in advance of performing the services
  C) lent to others
  D) borrowed from others

Question 2

The check written to establish the petty cash fund is recorded in the journal by crediting Cash and debiting Petty Cash.
 a. True
   b. False
   Indicate whether the statement is true or false

[vseab]

Answer to Question 1

C

Answer to Question 2

True

[stock]

Great answer, keep it coming

[kjohnson]

Thanks for the timely response, appreciate it