List any errors you can find in the following partial balancesheet. Mishkie Company Balance Sheet December 31,
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Mishkie Company Balance Sheet December 31, 2007 Assets Current assets: Cash Notes receivable $400,000 24,000 $529,200 42,000 $127,500 2 376,000 571,200 Less interest receivable Accounts receivable Plus allowance for doubtful accounts
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1 The interest receivable should be reported separately as a current asset It should not be de...View the full answer
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Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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