What was correct total of vanoy''s current net receivables, Accounting Basics

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What was correct total of vanoy''s current net receivables

On the December 31, 2012 balance sheet of Vanoy Co., the current receivables consisted of the following:
Trade accounts receivable $ 60,000
Allowance for uncollectible accounts (2,000)
Claim against shipper for goods lost in transit (November 2012) 3,000
Selling price of unsold goods sent by Vanoy on consignment
at 130% of cost (not included in Vanoy 's ending inventory) 26,000
Security deposit on lease of warehouse used for storing
some inventories 30,000
Total $117,000
At December 31, 2012, what was the correct total of Vanoy's current net receivables ?

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Accounting Basics: What was correct total of vanoy''s current net receivables

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Accounting Basics: What was correct total of vanoy''s current net receivables

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What was correct total of vanoy''s current net receivables

Reference No:- TGS047819

Recent Questions Asked Accounting Basics

Q : What amount should wilkinson report as a loss on sale

Q : Which plan best fits for the person-s budget

Q : Evaluating the predetermined overhead rate

Q : Find the firms equilibrium prices-quantities and profits

Q : What was correct total of vanoy''s current net receivables

Q : Short term capital loss carryover from prior year

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Q : Compute the effect of the transfer on the net income

Q : What ace''s uncollectible accounts expense would be

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