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Question: 6The following information has been compiled by a manufacturing company: Sale of company products for the period to customers with net 30-day terms amounting
Question: 6The following information has been compiled by a manufacturing company: Sale of company products for the period to customers with net 30-day terms amounting to $150,000. Sale of company products for the period to a customer, supported by a note for $25,000, with special terms of net 180 days. Balance of trade receivables at the end of the last period was $300,000. Collections of open trade receivables during the period was $200,000. Rental income for the period, both earned and accrued but not yet collected, from the manufacturing company's credit union for use of company facilities was $2,000. The open trade receivables balance to be shown on the statement of financial position for the period is
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