Question: Question 5 --/16 View Policies Current Attempt in Progress Ayayai Company shows a balance of $202,600 in the Accounts Receivable account on December 31, 2017.


Question 5 --/16 View Policies Current Attempt in Progress Ayayai Company shows a balance of $202,600 in the Accounts Receivable account on December 31, 2017. The balance consists of the following. Installment accounts due in 2018 Installment accounts due after 2018 Overpayments to vendors Due from regular customers, of which $39,5 10 represents accounts pledged as security for a bank loan Advances to employees Advance to subsidiary company (due in 2018) $29,500 37,000 3,460 80,300 2,350 89,500 Illustrate how the information above should be shown on the balance sheet of Ayayai Company on December 31, 2017. Assume that installment accounts collectible due after December 31, 2018 (Customers) are collectible within the operating cycle of the business. AYAYAI COMPANY Balance Sheet (Partial) December 31, 2017 AYAYAI COMPANY Balance Sheet (Partial) December 31, 2017 Current Assets Accounts Receivable Accounts Receivable Customers Accounts Advances to Employees Non-trade Receivables Non-trade Receivables Installment Accounts Collectible due After December 31, 2018 Advance to Subsidiary Company e Textbook and Media
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