Question: EX 9-25 Receivables on the balance sheet OBJ. 7 List any errors you can find in the following partial balance sheet: Napa Vino Company Balance

 EX 9-25 Receivables on the balance sheet OBJ. 7 List any

EX 9-25 Receivables on the balance sheet OBJ. 7 List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet December 31, 20Y9 Assets Current assets: Cash $ 78,500 Notes receivable $ 300,000 Less interest receivable 4,500 295,500 Accounts receivable $1,200,000 Plus allowance for doubtful accounts 11,500 1,211,500

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