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Information from the records of Stormfall Co. is shown below: Accounts receivable net of 8,000 credit 100,00 balance in customers' accounts 0 Notes receivable (trade) 15,000 Notes receivable (non-trade), P15,000 30,00 0 collectible within one year Dividends receivable Subscriptions receivable Advances to officers and employees (due in 10 months) Accounts payable net of 10,000 debit balance in suppliers' accounts 23. How much are the following? Total trade receivables A. 132,000 B. 123,000 C. 143,000 D. 123,000 2,000 2,000 4,000 3,000 Total current receivables 154,000 154,000 162,000 145,000

Information from the records of Stormfall Co. is shown below: Accounts receivable net of 8,000 credit 100,00 balance in customers' accounts 0 Notes receivable (trade) 15,000 Notes receivable (non-trade), P15,000 30,00 0 collectible within one year Dividends receivable Subscriptions receivable Advances to officers and employees (due in 10 months) Accounts payable net of 10,000 debit balance in suppliers' accounts 23. How much are the following? Total trade receivables A. 132,000 B. 123,000 C. 143,000 D. 123,000 2,000 2,000 4,000 3,000 Total current receivables 154,000 154,000 162,000 145,000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 43E: Montalcino Company had net sales of 54,000,000. Montalcino had the following balances: Required:...
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Information from the records of Stormfall Co. is shown below: Accounts receivable net of 8,000 credit 100,00 0 balance in customers' accounts Notes receivable (trade) 15,000 Notes receivable (non-trade), $15,000 30,00 0 2,000 2,000 collectible within one year Dividends receivable Subscriptions receivable Advances to officers and employees (due in 10 months) Accounts payable net of $10,000 debit balance in suppliers' accounts 23. How much are the following? Total trade receivables A. 132,000 B. 123,000 C. 143,000 D. 123,000 4,000 3,000 Total current receivables 154,000 154,000 162,000 145,000
Transcribed Image Text:Information from the records of Stormfall Co. is shown below: Accounts receivable net of 8,000 credit 100,00 0 balance in customers' accounts Notes receivable (trade) 15,000 Notes receivable (non-trade), $15,000 30,00 0 2,000 2,000 collectible within one year Dividends receivable Subscriptions receivable Advances to officers and employees (due in 10 months) Accounts payable net of $10,000 debit balance in suppliers' accounts 23. How much are the following? Total trade receivables A. 132,000 B. 123,000 C. 143,000 D. 123,000 4,000 3,000 Total current receivables 154,000 154,000 162,000 145,000
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