Identify any errors 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

The interest receivable should be _____________ The allowance for doubtful accounts should be _____________