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Teal Mountain Inc. shows a balance of $509,930 in the Accounts Receivable account on December 31, 2020. The balance consists of the following: Instalment accounts

Teal Mountain Inc. shows a balance of $509,930 in the Accounts Receivable account on December 31, 2020. The balance consists of the following:

Instalment accounts due in 2021 $85,500
Instalment accounts due after 2021 72,000
Overpayments to creditors 12,710
Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan 165,000
Advances to employees 69,720
Advance to subsidiary company (made in 2015) 105,000
$509,930

Show how the information above should be presented on the statement of financial position of Teal Mountain Inc. at December 31, 2020.

Teal Mountain Inc. Statement of Financial Position choose the accounting period

At the Year Month December 31, 2020At the Year End December 31, 2020December 31, 2020

select an opening section name

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityNon-current AssetsTotal from customersCustomersAccounts receivableNon-Current Accounts Receivable

select an opening name for subsection one

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityNon-current AssetsTotal from customersCustomersAccounts receivableNon-Current Accounts Receivable

select a balance sheet item

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityNon-current AssetsTotal from customersCustomersAccounts receivableNon-Current Accounts Receivable

select a balance sheet item

AccountsAdvance to subsidiary companyInstalment accounts collectible due after December 31, 2021Instalment accounts collectible due in 2021Other

$enter a dollar amount

select a balance sheet item

AccountsAdvance to subsidiary companyInstalment accounts collectible due after December 31, 2021Instalment accounts collectible due in 2021Other

enter a dollar amount

select a balance sheet item

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityNon-current AssetsTotal from customersCustomersAccounts receivableNon-Current Accounts Receivable

enter a subtotal of the two previous amounts

select a balance sheet item

AccountsAdvance to subsidiary companyInstalment accounts collectible due after December 31, 2021Instalment accounts collectible due in 2021Other

enter a dollar amount

$enter a total amount for subsection one

select an opening name for subsection two

Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' EquityNon-current AssetsTotal from customersCustomersAccounts receivableNon-Current Accounts Receivable

select a balance sheet item

AccountsAdvance to subsidiary companyInstalment accounts collectible due after December 31, 2021Instalment accounts collectible due in 2021Other

enter a dollar amount

select a balance sheet item

AccountsAdvance to subsidiary companyInstalment accounts collectible due after December 31, 2021Instalment accounts collectible due in 2021Other

enter a dollar amount

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