List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet December 31, 20Y9 Assets Current assets: Cash Notes receivable Less interest receivable Accounts receivable Plus allowance for doubtful accounts $ 78,500 $ 300,000 4,500 $1,200,000 11,500 295,500 1,211,500
List any errors you can find in the following partial balance sheet: Napa Vino Company Balance Sheet December 31, 20Y9 Assets Current assets: Cash Notes receivable Less interest receivable Accounts receivable Plus allowance for doubtful accounts $ 78,500 $ 300,000 4,500 $1,200,000 11,500 295,500 1,211,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:List any errors you can find in the following partial balance sheet:
Napa Vino Company
Balance Sheet
December 31, 20Y9
Assets
Current assets:
Cash
Notes receivable
Less interest receivable
Accounts receivable
Plus allowance for doubtful accounts
$ 78,500
$ 300,000
4,500
$1,200,000
11,500
295,500
1,211,500
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