=+In the Current Assets section of the balance sheet, Marcie reported a $75,000 receivable from Chas Gaddis, the president of Pixel Graphics, as a trade account receivable. Chas borrowed the money from Pixel Graphics in November 2008 for a down payment on a new home. He has orally assured Marcie that he will pay off the account receivable within the next year. Marcie reported the $75,000 in the same manner on the preceding year’s balance sheet.