Identify any errors in the following partial balance sheet. Napa Vino Company Balance Sheet...
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Accounting
Identify any errors in the following partial balance sheet.
Napa Vino Company
Balance Sheet
December 31, 20Y6
Assets
Current assets: Cash $78,500
Notes receivable $300,000
Interest receivable (4,500)
Notes receivable, net 295,500
Accounts receivable $1,200,000
Allowance for doubtful accounts 11,500
Accounts receivable, net 1,211,500
The interest receivable should be _____________ The allowance for doubtful accounts should be _____________
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