List any errors you can find in the following partial balancesheet: Napa Vino Company Balance Sheet December
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List any errors you can find in the following partial balancesheet:
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Napa Vino Company Balance Sheet December 31, 2014 Assets Current assets: $ 78,500 4500 295,500 11,500 1,211,500 Cash Notes receivable $ 300,000 Less interest receivable Accounts receivable 1,200,000 Plus allowance for doubtful accounts
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1 The interest receivable should be reported separately as a current asset It should not be dedu...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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