DE8-1 Examine the Accounts Receivable T-accounts on page 312, and answer these questions: 1. Which account (and

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DE8-1 Examine the Accounts Receivable T-accounts on page 312, and answer these questions: 1.

Which account (and which amount) will appear on the company's balance sheet? Suppose the company has cash of $2,000. Show how the balance sheet will report cash and the other item on page 312.

2. Who are Acker. Dell, and Taft? What do their accounts indicate that these three persons are obligated to do?

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