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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.

Answer :

Answer:

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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