Question: OBJ.7 EX 8-25 Receivables on the balance sheet List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet

OBJ.7 EX 8-25 Receivables on the balance sheet List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet December 31, 2016 Assets Current assets: $ 78,500 4,500 295,500 1,211,500 Cash Notes receivable 300,000 Less interest receivable Accounts receivable $1,200,000 Plus allowance for doubtful accounts11,500

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