LeBlanc Inc. shows a balance of $519,289 in the Accounts Receivable account on December 31, 2017. The

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LeBlanc Inc. shows a balance of $519,289 in the Accounts Receivable account on December 31, 2017. The balance consists of the following:
LeBlanc Inc. shows a balance of $519,289 in the Accounts

Instructions
Show how the information above should be presented on the statement of financial position of LeBlanc Inc. at December 31, 2017.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 978-1119048534

11th Canadian edition Volume 1

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Nicola M. Young, Irene M. Wiecek, Bruce J. McConomy

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