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Category > Accounting Posted 21 Apr 2017 My Price 3.00

List any errors you can find in the following partial balance sheet?

EX 9-25 Receivables on the balance sheet

List any errors you can find in the following partial balance sheet:

Tulips Company

    

Balance Sheet

    

December 31, 2012

    

Assets

    

Current assets:

    

Cash

  

$138,000

Notes receivable

$400,000

  

Less interest receivable

20,000

380,000

Accounts receivable

$795,000

  

Plus allowance for doubtful accounts

14,500

809,500

Answers

Alpha Geek
(8)
Status NEW Posted 21 Apr 2017 09:04 AM My Price 3.00

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Attachments

file 1492768211-Tulips Company.docx preview (35 words )
S-----------olu-----------tio-----------n: ----------- Tu-----------lip-----------s C-----------omp-----------any----------- B-----------ala-----------nce----------- Sh-----------eet----------- D-----------ece-----------mbe-----------r 3-----------1, -----------201-----------2 -----------Cur-----------ren-----------t a-----------sse-----------ts -----------...-----------...-----------.. -----------...-----------...-----------.. -----------...-----------...-----------. .-----------...-----------...----------- ..-----------...-----------...-----------...-----------$13-----------8,0-----------00Â----------- No-----------tes----------- re-----------cei-----------vab-----------le -----------...-----------...-----------. .-----------...-----------.. -----------...-----------...----------- ..-----------...-----------. .-----------...-----------. .-----------...-----------...-----------..4-----------00,-----------000----------- A-----------cco-----------unt-----------s r-----------ece-----------iva-----------ble----------- ..-----------...-----------. .-----------...-----------...-----------...----------- ..-----------...-----------...-----------...-----------...-----------...-----------...-----------795-----------,00-----------0 -----------Les-----------s: -----------all-----------owa-----------nce----------- fo-----------r d-----------oub-----------tfu-----------l a-----------cco-----------unt-----------s .-----------14,-----------500----------- ..-----------780-----------,50-----------0 -----------Les-----------s i-----------nte-----------res-----------t r-----------ece-----------iva-----------ble----------- ..-----------...-----------.. -----------...-----------...-----------. .-----------...-----------...-----------. .-----------...-----------.. -----------...-----------.20-----------,00-----------0 -----------
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