Blue Spruce Corp. had the following items to report on its balance sheet:Employee advancesAmounts owed by customers for the sale of services (due in 30days)Refundable income taxesInterest receivableAccepted a formal instrument of credit for services (due in 18months)A loan to company presidentDishonored a note for principal and interest which will eventuallybe collected$17870$15650$20920$1520$142703190130010502380Based on this information, what amount should appear in the "Other Receivables" category?104001380

Assets are resources (property) presented in the balance sheet because for it an organization's…

Answered: Based on this information, what amount…

Based on this information, what amount should appear in the "Other Receivables" category? O$17870 $15650 $20920 O $14270

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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