The following is a partial balance sheet for Zabel Company: Instructions 1. List any errors in the

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The following is a partial balance sheet for Zabel Company:

ZABEL COMPANY Balance Sheet December 31, 20Y4 Assets Current assets: Cash $ 75,000 Notes recelvable $115,000 9,000 $475,000 Less interest receivable 106,000 Account receivable Plus allowance for doubtful accounts 11,150 486,150


Instructions

1. List any errors in the preceding balance sheet.

2. Prepare a corrected balance sheet.

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Survey Of Accounting

ISBN: 9780357132593

9th Edition

Authors: Carl S. Warren, Amanda Farmer

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