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A check involves three parties. The person directed to receive the money is called the (Points : 3) drawer. drawee. payee. endorser.
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Updated 11/19/2014 10:17:45 AM
1 Answer/Comment
A check involves three parties. The person directed to receive the money is called the Payee.

Added 11/19/2014 10:17:40 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by jeifunk [11/19/2014 10:24:01 AM]
A check involves three parties. The person directed to receive the money is called the (Points : 3) drawer. drawee. payee. endorser. User: Whenever the bank mails a credit memo to the depositor indicating the amount of interest credited to the account, the transaction that would be entered in the accounting records of the depositor would include (Points : 3) debiting Interest Earned and crediting Cash. debiting Interest Expense and ...
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Updated 12/15/2014 6:23:20 PM
2 Answers/Comments
A check involves three parties. The person directed to receive the money is called the Payee.

Added 12/13/2014 1:34:41 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by sujaysen [12/13/2014 1:39:02 PM]
Whenever the bank mails a credit memo to the depositor indicating the amount of interest credited to the account, the transaction that would be entered in the accounting records of the depositor would include :debiting cash and crediting interest revenue.

Added 12/15/2014 6:23:20 PM
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