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

Name: Information from the records of Stormfall Co. is shown below:Accounts
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Description: Information from the records of Stormfall Co. is shown below:Accounts receivablenet of 8,000 credit 100,000balance in customers' accountsNotes receivable (trade)15,000Notes receivable (non-trade), $15,000 30,0002,0002,000collectible within one yearD

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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