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il63 [147K]
3 years ago
5

E8.14 (LO 4), AP Eileen Corp. had the following balances in receivable accounts at October 31, 2022 (in thousands): Allowance fo

r Doubtful Accounts $52, Accounts Receivable $2,910, Other Receivables $189, and Notes Receivable $1,353. Prepare a balance sheet presentation of receivables. Instructions Prepare the balance sheet presentation of Eileen Corp.'s receivables in good form.
Business
1 answer:
sveticcg [70]3 years ago
7 0

Answer:

Explanation:

In the balance sheet, the assets, liabilities, and stockholder equity is recorded. In this the accounting equation is used which is shown below:  

Total assets = Total liabilities + stockholder equity  

The debit and credit side of the balance sheet should always be equal and balanced.  

Moreover, it always is prepared on the specified date.

The preparation of the receivable section is presented below:

Accounts Receivable                                          $2,910

Other Receivables                                              $189

Notes Receivable                                                $1,353

Less: Allowance for Doubtful Accounts             ($52)

Net receivables                                                    $4,400

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Step-by-step explanation:

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4 0
4 years ago
You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You e
Vikki [24]

Answer:

B. $32.37

Explanation:

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Let us assume the buying price be x

Now we applying the following formula

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3 0
4 years ago
Inflation is running at 1.2% per year when you deposit $11,000 in an account earning 6% compounded monthly. In constant dollars,
nordsb [41]

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Data provided in the question:

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