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PLease show work le latiullale. E7.3 (LO 2) (Financial Statement Presentation of Receivables) Jim Carrie Company shows a balance of $221,140 in the Accounts Receivable
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le latiullale. E7.3 (LO 2) (Financial Statement Presentation of Receivables) Jim Carrie Company shows a balance of $221,140 in the Accounts Receivable account on December 31, 2020. The balance consists of the following. $23,000 34,000 2,640 Installment accounts due in 2021 Installment accounts due after 2021 Overpayments to vendors Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan Advances to employees Advance to subsidiary company (due in 2021) 79,000 1,500 81,000 Instructions Illustrate how the information above should be shown on the balance sheet of Jim Carrie Company on December 31, 2020. The company's operating cycle is such that all installment receivables are classified as currentStep by Step Solution
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