Question: drop down options for first box: second and the rest: Exercise 7-03 Martinez Company shows a balance of $235,520 in the Accounts Receivable account on



Exercise 7-03 Martinez Company shows a balance of $235,520 in the Accounts Receivable account on December 31, 2020. The balance consists of the following Installment accounts due in 2021 $26,300 Installment accounts due after 2021 34,300 Overpayments to vendors 2,770 Due from regular customers, of which $40,250 represents accounts pledged as security for a bank loan 87,200 Advances to employees 2,350 Advance to subsidiary company (due in 2021) 82,600 Illustrate how the information above should be shown on the balance sheet of Martinez Company on December 31, 2020. Assume that installment accounts collectible due after December 31, 2018 (Customers) are collectible within the operating cycle of the business. The company's operating cycle is such that all installment receivables are classified as current. MARTINEZ COMPANY Balance Sheet (Partial) $ Intangible Assets Long-term Investments Long-term Liabilities Net Income / (Loss) Property, Plant and Equipment Stockholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities Total Liabilities and Stockholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, Plant and Equipment Total Stockholders' Equity Current Assets Current Liabilities Other Installment Accounts Collectible due in 2021 Advance to Subsidiary Company Current Assets Installment Accounts Collectible due After December 31, 2021 Customers Accounts Non-trade Receivables Accounts Receivable
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