Question: List any errors you can find in the following partial balancesheet: Jennett Company Balance Sheet December 31, 2010 Assets Current assets: Cash Notes receivable Less

List any errors you can find in the following partial balancesheet:

Jennett Company Balance Sheet December 31, 2010 Assets Current assets: Cash Notes receivable Less interest receivable $ 95,000 $250,000 15,000 $398,000 36,000 235,000 Accounts receivable Plus allowance for doubtful accounts 434,000

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