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10 August, 01:08

Sandhill Co. had the following balances in receivable accounts at October 31, 2022 (in thousands) : Allowance for Doubtful Accounts $54, Accounts Receivable $2,782, Other Receivables $179, and Notes Receivable $1,288. Prepare the balance sheet presentation of Sandhill Co.'s receivables in good form.

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  1. 10 August, 01:20
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    Net receivables will be $4,195.

    Explanation:

    Sandhill Co. Partial Balance Sheet as at October 31, 2022

    Details $ $

    Accounts Receivable 2,782

    Other Receivables 179

    Notes Receivable 1,288

    Total receivables 4,249

    Allowance for Doubtful Accounts (54)

    Net receivables 4,195

    Therefore, net receivables will be $4,195.
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