Sun corp. sells merchandise to customers. sun should normally recognize a. revenue when the cash is collected and the expenses when sun pays its creditor for the merchandise. b. cash revenue only and the related expenses in the same accounting period as earned whether payment is received or not. c. revenue and expenses after all payments are collected. d. cash and credit revenue in the same accounting period as earned and the related expenses incurred whether payment is received or not.

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.