Question
Larkspur, Inc. shows a balance of $526,240 in the Accounts Receivable account on December 31, 2020. The balance consists of the following: Instalment accounts due
Larkspur, Inc. shows a balance of $526,240 in the Accounts Receivable account on December 31, 2020. The balance consists of the following:
Instalment accounts due in 2021 | $92,000 | |
Instalment accounts due after 2021 | 75,000 | |
Overpayments to creditors | 12,510 | |
Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan | 169,000 | |
Advances to employees | 69,730 | |
Advance to subsidiary company (made in 2015) | 108,000 | |
$526,240 |
Show how the information above should be presented on the statement of financial position of Larkspur, Inc. at December 31, 2020.
Larkspur, Inc. Statement of Financial Position choose the accounting period |
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select an opening section name |
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select an opening name for subsection one |
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select a balance sheet item |
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select a balance sheet item |
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$enter a dollar amount | ||||
select a balance sheet item |
enter a dollar amount | ||||
select a balance sheet item |
enter a subtotal of the two previous amounts | ||||
select a balance sheet item |
enter a dollar amount | $enter a total amount for subsection one | |||
select an opening name for subsection two |
select a balance sheet item |
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enter a dollar amount | ||||
select a balance sheet item |
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