Based on this information, what amount should appear in the "Other Receivables" category? O$17870 $15650 $20920 O $14270
Based on this information, what amount should appear in the "Other Receivables" category? O$17870 $15650 $20920 O $14270
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question

Transcribed Image Text:Blue Spruce Corp. had the following items to report on its balance sheet:
Employee advances
Amounts owed by customers for the sale of services (due 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
$17870
$15650
$20920
$1520
$14270
3190
1300
1050
2380
Based on this information, what amount should appear in the "Other Receivables" category?
10400
1380
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