Eileen Corp. had the following balances in receivable accounts at October 31, 2017 (in thousands): Allowance for Doubtful Accounts $52, Accounts Receivable $2,910, Other Receivables $189, and Notes Receivable $1,353. Prepare the balance sheet presentation of Eileen Corp.'s receivables in good form.
Receivables are assets of the company which are collectible in the near future and originated from the company's credit sales or borrowings to employees and officers. Receivables are also subject to impairment especially if there is a probability of non-collection.
Answer and Explanation:
|Allowance for Doubtful Accounts||(52)|
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from Finance 101: Principles of FinanceChapter 19 / Lesson 1