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Receivables in the Balance Sheet The following partial balance sheet contains errors. ZABEL COMPANY Balance Sheet December 31, 20Y4 Assets Current assets: Cash $75,000 Notes
Receivables in the Balance Sheet The following partial balance sheet contains errors. ZABEL COMPANY Balance Sheet December 31, 20Y4 Assets Current assets: Cash $75,000 Notes receivable $115,000 Less interest receivable 9,000 106,000 Account receivable $475,000 Plus allowance for doubtful accounts 11,150 486,150 Prepare a corrected partial balance sheet for Zabel Company. ZABEL COMPANY Balance Sheet December 31, 20Y4 Assets Current assets: $ $
Receivables in the Balance Sheet
The following partial balance sheet contains errors.
ZABEL COMPANY
Balance Sheet
December 31, 20Y4
Assets
Current assets:
Cash
$75,000
Notes receivable
$115,000
Less interest receivable
9,000
106,000
Account receivable
$475,000
Plus allowance for doubtful accounts
11,150
486,150
Prepare a corrected partial balance sheet for Zabel Company.
ZABEL COMPANY
Balance Sheet
December 31, 20Y4
Assets
Current assets:
$
$
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