As of November 3, 2013, Krispy Kreme Doughnuts had $ 530,000 of Notes Receivable due within one

Question:

As of November 3, 2013, Krispy Kreme Doughnuts had $ 530,000 of Notes Receivable due within one year, $ 28,650,000 of Accounts Receivable, and $ 600,000 in its Allowance for Doubtful Accounts (assume all related to accounts receivable). How should these accounts be reported on a prepared following GAAP?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...