Journal Entry to Separate Receivables Instruction Chart of Accounts General Journal Analysis Instructions An examination of Hutton Corporation's accounting records indicates that all receivables are being recorded in a single account entitled Receivables. An analysis of the account reveals the folowing 515 500 Accounts receivable (trade) Accounts receivable (officer 3.600 Interest receivable, due in 3 months 675 Advances to employees 1,800 Notes receivable (rade). due in 3 years 9,000 Deposit to guarantee contract performance 5,000 Instrucion Advances to employees 1.800 Notes receivable (trade), due in 3 years 9,000 Depost to guarantee contract performance 5,000 Uity deposit 500 Total $31.075 Required: 1. Prepare a joumal entry to separate the preceding toms into their proper accounts 2. How would each of the preceding terms nomaly be reflected (current or noncurrent trade or nontrade recevable) on Hutton balance sheet