haleygrobertson120 haleygrobertson120

31-10-2019
Business

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Overhaul Trucking and Two Men Deliveries both purchased services on account from Auto Body Repairs. Auto Body Repairs recorded Overhaul Trucking’s purchase in Accounts Receivable, whereas they recorded Two Men Deliveries’ purchase in Notes Receivable. What is the difference between these two transactions?

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nblalien7235 nblalien7235

04-11-2019

Answer:

Auto Body Repairs expects payment from Overhaul Trucking within 60 days, but they expect payment from Two Men Deliveries in more than 60 days.

Explanation:

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