Second one is for first Question answers & Third one for 2nd question answers

Receivables on the Balance Sheet Identify any errors in the following partial balance sheet. Napa Vino Company Balance Sheet December 31, 2019 Assets Current assets: Cash $78,500 Notes receivable $300,000 4,500 295,500 Less interest receivable Accounts receivable Plus allowance for doubtful accounts $1,200,000 11,500 1,211,500 The interest receivable should be Hm. The allowance for doubtful accounts should be $300,000 added to the notes receivable reported separately as a current asset shown on the income statement as revenue 0 1,2 deducted from accounts receivable ble should be The allowance for d added to the notes receivable reported separately as a current asset shown on the income statement as an expense deducted from accounts receivable counts should be