- Complete the comprehensive problems below. If possible, type your exercise answer in the discussion area. However, you may attach a document if needed.
- Include in your answer which comprehensive problem (e.g. CP1-1) you are completing. If your answer is not labeled, credit will not be granted.
P 74
The balance of the accounts receivable account of GriffinLtd. at
December 31, 2019 was $74,460. Included in this balance arethe
credit balances of two customers, amounting to $3,200 and$1,800.
Required:
1. What amount for accounts receivable would be shown asassets on
the balance sheet?
2. How would the credit balances in the customers accountsbe
disclosed?
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