Northend Medical Center included the following items in its financial statements:

Requirements
1. How much net income did Northend earn for the month?
2. Show two ways Northend can report receivables on its classified balancesheet.

Transcribed Image Text:

Allowance for doubtful accounts $ 150 Service 1,010 | Other assets 2,590 Cost of services sold and other expenses 900 Notes payable revenue $ 14,700 380 Cash Accounts receivable Accounts payable 12,400 3,490