Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 12 Aug 2017 My Price 5.00

Jim Carrie Company

Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2008. The balance consists of the following.
Installment accounts due in 2009 ……………… $23,000
Installment accounts due after 2009 ……………. 34,000
Overpayments to creditors ……………….............. 2,640
Due from regular customers, of which $40,000 represents
accounts pledged as security for a bank loan ……. 79,000
Advances to employees …………………………… 1,500
Advance to subsidiary company (made in 2003) … 81,000

Instructions
Illustrate how the information above should be shown on the balance sheet of Jim Carrie Company on December 31, 2008.

Answers

Maurice Tutor
(5)
Status NEW Posted 12 Aug 2017 06:08 PM My Price 5.00

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