Sheridan Company had the following balances in receivable accounts at October 31, 2022 (in thousands): Allowance for Doubtful Accounts $51, Accounts Receivable $3,122, Other Receivables $187, and Notes Receivable $1,418. Prepare the balance sheet presentation of Sheridan Company’s receivables in good form.

Sheridan Company had the following balances in receivable accounts at October 31, 2022 (in thousands): Allowance for Doubtful Accounts $51, Accounts Receivable $3,122, Other Receivables $187, and Notes Receivable $1,418. Prepare the balance sheet presentation of Sheridan Company’s receivables in good form.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter16: Accounting For Accounts Receivable

Section: Chapter Questions

Problem 1CE

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