Nash Corp. had the following balances in receivable accounts at October 31, 2020 (in thousands): Allowance for Doubtful...
Nash Corp. had the following balances in receivable accounts at
October 31, 2020 (in thousands): Allowance for Doubtful Accounts
$50, Accounts Receivable $2,800, Other Receivables $180, and Notes
Receivable $1,350.
Prepare the balance sheet presentation of Nash Corp.’s receivables
in good form.
Homework Answers
Answer
| Balance Sheet | ||
| Current Assets: | ||
| Accounts receivables | $2,800 | |
| Other receivables | $180 | |
| Notes receivables | $1,350 | |
| Total [Gross] Accounts receivables | $4,330 | |
| Less: Allowance for doubtful Accounts | $50 | |
| Accounts receivables, net realizable value | $4,280 | |
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