Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following.\nInstall
Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following.
\r\nInstallment accounts due in 2014 $23,000
\r\nInstallment accounts due after 2014 34,000
\r\nOverpayments to vendors 2,640
\r\nDue from regular customers, of which $40,000 represents accounts pledged as security for a bank loan 79,000
\r\nAdvances to employees 1,500
\r\nAdvance to subsidiary company (due in 2015) 81,000
\r\nInstructions
\r\nIllustrate how the information above should be shown on the balance sheet of Jim Carrie Company on
\r\nDecember 31, 2013.