Information from the records of TEAM PAYAMAN Co. is shown below: Accounts Receivable -net of 20,000 credit balance in customers' accounts 200,000 Notes Receivable - Trade 20,000 Notes Receivable - non trade, collectible within one year 100,000 Dividends Receivable 4,000 Subscriptions Receivable 8,000 Advances to officers and employees (due in 18 months) 16,000 Accounts Payable - net of 12,000 debit balance in suppliers' accounts 12,000 How much is the total trade receivables? a. 220,000 c. 252,000 b. 240,000 d. 262,000
Information from the records of TEAM PAYAMAN Co. is shown below: Accounts Receivable -net of 20,000 credit balance in customers' accounts 200,000 Notes Receivable - Trade 20,000 Notes Receivable - non trade, collectible within one year 100,000 Dividends Receivable 4,000 Subscriptions Receivable 8,000 Advances to officers and employees (due in 18 months) 16,000 Accounts Payable - net of 12,000 debit balance in suppliers' accounts 12,000 How much is the total trade receivables? a. 220,000 c. 252,000 b. 240,000 d. 262,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Information from the records of TEAM PAYAMAN Co. is shown below: | ||||||||
| 200,000 | ||||||||
| Notes Receivable - Trade | 20,000 | |||||||
| Notes Receivable - non trade, collectible within one year | 100,000 | |||||||
| Dividends Receivable | 4,000 | |||||||
| Subscriptions Receivable | 8,000 | |||||||
| Advances to officers and employees (due in 18 months) | 16,000 | |||||||
| Accounts Payable - net of 12,000 debit balance in suppliers' accounts | 12,000 | |||||||
| How much is the total trade receivables? | ||||||||
| a. 220,000 | c. 252,000 | |||||||
| b. 240,000 | d. 262,000 |
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