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Skysong, Inc. shows a balance of $507,950 in the Accounts Receivable account on December 31, 2020. The balance consists of the following: Instalment accounts due
Skysong, Inc. shows a balance of $507,950 in the Accounts Receivable account on December 31, 2020. The balance consists of the following: Instalment accounts due in 2021 Instalment accounts due after 2021 Overpayments to creditors Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan Advances to employees Advance to subsidiary company (made in 2015) $89,500 75,000 12,640 160.000 69,810 101.000 $507,950 Show how the information above should be presented on the statement of financial position of Skysong, Inc. at December 31, 2020. Skysong, Inc. Statement of Financial Position $ $
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