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Valiant Company reported the following analysis of current receivables at year-end: Trade accounts receivable 2,000,000 Allowance for doubtful accounts (100,000) Claim against shipper for goods
Valiant Company reported the following analysis of current receivables at year-end:
Trade accounts receivable
2,000,000
Allowance for doubtful accounts
(100,000)
Claim against shipper for goods lost in transit in November
300,000
Selling price of unsold goods sent by valiant on consignment at 150% of cost and not included in ending inventory
600,000
Security deposit on lease of warehouse
200,000
Total
3,000,000
What total amount should be reported as current trade and other receivables?
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