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List any errors you can find in the following partial balance sheet:                               Napa Vino Company                                 Balance Sheet                              December 31, 20Y9 _____________________________________________________________________________                                        Assets Current assets: Cash                                                                     $78,500 Notes receivable              300,000 Less interest receivable        4,500                        $295,500 Account receivable             1,200,000 Pluss allowance for                 11,500                       1,211,500 doubtfut   accounts

List any errors you can find in the following partial balance sheet:                               Napa Vino Company                                 Balance Sheet                              December 31, 20Y9 _____________________________________________________________________________                                        Assets Current assets: Cash                                                                     $78,500 Notes receivable              300,000 Less interest receivable        4,500                        $295,500 Account receivable             1,200,000 Pluss allowance for                 11,500                       1,211,500 doubtfut   accounts

FINANCIAL ACCOUNTING
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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List any errors you can find in the following partial balance sheet:

                              Napa Vino Company

                                Balance Sheet

                             December 31, 20Y9

_____________________________________________________________________________

                                       Assets

Current assets:

Cash                                                                     $78,500

Notes receivable              300,000

Less interest receivable        4,500                        $295,500

Account receivable             1,200,000

Pluss allowance for                 11,500                       1,211,500

doubtfut   accounts

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