Question 48

Whispering Winds Corp. had the following items to report on its balance sheet:

Employee advances

$1570

Amounts owed by customers for the sale of services (due in 30 days)

2730

Refundable income taxes

1250

Interest receivable

1060

Accepted a formal instrument of credit for services (due in 18 months)

2450

A loan to company president

9800

Dishonored a note for principal and interest which will eventually be collected

1380

Based on this information, what amount should appear in the "Other Receivables" category?

$17280

$15060

$20330

$13680