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Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following . Installment
Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following
. Installment accounts due in 2014 $23,000
Installment accounts due after 2014 34,000
Overpayments to vendors 2,640
Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan 79,000
Advances to employees 1,500
Advance to subsidiary company (due in 2015) 81,000
Illustrate how the information above should be shown in balance sheet.
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