Solved: As of november 3 2013 krispy kreme doughnuts had 530000 of, Accounting Basics

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As of november 3 2013 krispy kreme doughnuts had 530000 of

As of November 3, 2013, Krispy Kreme Doughnuts had $ 530,000 of Notes Receivable due within one year, $ 28,650,000 of Accounts Receivable, and $ 600,000 in its Allowance for Doubtful Accounts (assume all related to accounts receivable). How should these accounts be reported on a balance sheet prepared following GAAP?

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Accounting Basics: As of november 3 2013 krispy kreme doughnuts had 530000 of

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Accounting Basics: As of november 3 2013 krispy kreme doughnuts had 530000 of

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