List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet
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List any errors you can find in the following partial balance sheet:
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Napa Vino Company Balance Sheet December 31, 2016 Assets Current assets: Cash $ 78,500 $ 300,000 Notes receivable Less interest receivable Accounts receivable Plus allowance for doubtful accounts 4,500 295,500 $1,200,000 11,500 1,211,500
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Here given notes receivable is our investment so the interest must be added and ...View the full answer
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Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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