Receivables on the Balance Sheet Identify any errors in the following partial balance sheet. Napa Vino Company Balance Sheet December 31, 20Y9 Current assets: Cash Notes receivable Assets Less interest receivable Accounts receivable Plus allowance for doubtful accounts, The interest receivable should be $300,000 4,500 $1,200,000 $78,500 295,500 11,500 1,211,500 . The allowance for doubtful accounts should be

Receivables on the Balance Sheet Identify any errors in the following partial balance sheet. The interest recelvable should be - The allowance for doubtful accounts should be