Answered: pany is 220000 JD, Notes receivable…

pany is 220000 JD, Notes receivable balance for S company is 66000 JD, Notes receivable balance for R company is 44000 JD. P issued not

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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Question

Notes receivable balance for P company is 220000 JD, Notes receivable balance for S company is 66000 JD, Notes receivable balance for R company is 44000 JD. P issued notes receivable to S and T for 13000 JD and 17000 JD respectively. Compute consolidated balance for Notes receivable.

Select one:

a. 300000

b. 302000

c. 304000

d. 306000

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