Question

Whispering is a corporation that sells breakfast cereal. Based on the accounts listed below, what are Whispering's total trade receivables?
Income tax refund due $370 Advance due to the company from the company president 200 3-month note due from Whispering's main customer 1570 Interest due this month on the above note 150 Due and unpaid from this month's sales 9730 Due and unpaid from last month's sales 1000

Answer 1

Answer:

the total trade receivable is $12,300

Explanation:

The computation of the total trade receivable is shown below:

= note due from customer + Due and unpaid from this month's sales + Due and unpaid from last month's sales

= $1,570 + $9,730 + $1,000

= $12,300

Hence, the total trade receivable is $12,300

The other items would not be considered as it is not a trade receivables