Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31,...

Jim Carrie Company shows a balance of $181,140 in the Accounts Receivable account on December 31, 2013. The balance consists of the following

. Installment accounts due in 2014 $23,000

Installment accounts due after 2014 34,000

Overpayments to vendors 2,640

Due from regular customers, of which $40,000 represents accounts pledged as security for a bank loan 79,000

Advances to employees 1,500

Advance to subsidiary company (due in 2015) 81,000

Illustrate how the information above should be shown in balance sheet.

Expert Solution

ekkarill92 answered 2 years ago

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