You are a consultant who has been hired to design a
point-of-sales (POS) system for a restaurant that
accepts cash and credit cards. The restaurant also
issues coupons through local newspapers, which it
accepts as cash from customers.
The system will employ computer terminals with
cash drawers that are connected to a central
computer. Servers take orders and receive payments
from customers. At the end of the shift, servers
reconcile their cash drawers with the manager. The
system automatically updates the journals and
General Ledger accounts.

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.