1. Financial Statement Presentation of Receivables Patriot Company shows a balance of $241,140 in the Accounts Receivable account on December 31, 2010. The balance consists of the following. Illustrate how the information above should be shown on the balance sheet of Patriot Company onDecember 31,2010.
![476_11-B-A-C-R (58).PNG](https://secure.tutorsglobe.com/CMSImages/476_11-B-A-C-R (58).PNG)