nment Novak Corp. had the following items to report on its balance sheet: $1590
ID: 2569221 • Letter: N
Question
nment Novak Corp. had the following items to report on its balance sheet: $1590 338 1320 920 2070 9800 138 Employee advances mounts owed by customers for the sale of serices (aue in 30 days) Refundable income taxes Interest receivable Accepted a formal instrument of credit for services (due in 18 months) A loan to company president Dishonored a note for principal and interest which will eventually be collected Based on this information, what amount should appear in the "Other Receivables" category?Explanation / Answer
Solution: $13,630
Working:
Employee advances : 1590
Refundable income taxes :1320
Interest receivable : 920
A loan to company president :9800
Total : 13,630
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