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  3. clients of melville. in fact, of the 1,000 residen

clients of Melville. In fact, of the 1,000 residents of the town in which Melville...

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Accounting

clients of Melville. In fact, of the 1,000 residents of the town in which Melville operates, over 320 were employed by Lancaster. The following information relates to loans receivable of Melville as of 30 June 20X4: 30 June 20 xx4 30 June 20 xx3 Loans receivable $4,306,190 $3,164,000 Less: allowance for doubtful accounts 427,312 412,375 $3,878,878 $2,751,625 As of 30 Jume 20X3 : Current Over 30 days Over 60 days Over 120 days Total Loans receivable As of 30 June 20X4 : Over Over Over Total Loans receivable $1,105,612 $632,000 $1,432,578 $1,136,000 $4,306,190 You, Karilyn Zinck, are in charge of the field work for the Melville audit. Melville has been a client of your firm for many years and has

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