Jim Carrie Company shows a balance of $202,900 in the Accounts Receivable account on December 31, 2013.
Fantastic news! We've Found the answer you've been seeking!
Question:
Jim Carrie Company shows a balance of $202,900 in the Accounts Receivable account on December 31, 2013. The balance consists of the following.
- Installment accounts due in 2014: $27,020
- Installment accounts due after 2014: 34,260
- Overpayments to vendors: 3,180
- Due from regular customers, of which $39,600 represents accounts pledged as security for a bank loan: 88,500
- Advances to employees: 1,560
- Advance to subsidiary company (due in 2015) : 87,980
Illustrate how the information above should be shown on the balance sheet of Jim Carrie Company on December 31, 2013.
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Posted Date: