Receivables on the balance sheet Obj. 7 List any errors you can find in the following partial balance sheet:

Napa Vino Company Balance Sheet December 31, 20Y6 Assets Current assets:

Cash $ 78,500 Notes receivable $ 300,000 Interest receivable (4,500)

Notes receivable, net 295,500 Accounts receivable $1,200,000 Allowance for doubtful accounts 11,500 Accounts receivable, net 1,211,500.

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