Dorman Company had the following items to report on its balance sheet: Employee advances$ 1,580 Amounts owed

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Dorman Company had the following items to report on its balance sheet:

Employee advances$ 1,580

Amounts owed by customers for the sale of services (due in 30 days) 3,050

Refundable income taxes1,120

Interest receivable 950

Accepted a formal instrument of credit for services (due in 18 months) 2,220

A loan to company president 8,000

Dishonored a note for principal and interest which will eventually be collected1,380

Based on this information, what amount should appear in the "Other Receivables" category?

a.$18,300

b.$11,650

c.$13,030

d.$15,250

Related Book For answer-question

Financial and managerial accounting

ISBN: 978-1118016114

1st edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Jun 15, 2021 11:15 PM

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Dorman Company had the following items to report on its balance sheet: Employee advances$ 1,580 Amounts owed

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Expert Answer:

1 Option C is correct 13030 Other receivables generally come ... View the full answer

Financial and managerial accounting

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