List any errors you can find in the following partial balancesheet. Mishkie Company Balance Sheet December 31,
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List any errors you can find in the following partial balancesheet.
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Mishkie Company Balance Sheet December 31, 2008 Assets Current assets: Cash Notes receivable $127,500 24,000 376,000 42,000 571,200 $400,000 Less interest receivable Accounts receivable $529,200 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 ded...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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