Novak Company shows a balance of $209,770 in the Accounts Receivable account on December 31,...
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Accounting
Novak Company shows a balance of $209,770 in the Accounts Receivable account on December 31, 2017. The balance consists of the following.
Installment accounts due in 2018
$27,000
Installment accounts due after 2018
41,700
Overpayments to vendors
2,900
Due from regular customers, of which $39,620 represents accounts pledged as security for a bank loan
85,300
Advances to employees
2,190
Advance to subsidiary company (due in 2018)
90,300
Illustrate how the information above should be shown on the balance sheet of Novak Company on December 31, 2017. Assume that installment accounts collectible due after December 31, 2018 (Customers) are collectible within the operating cycle of the business.please answer following this format.
NOVAK COMPANY Balance Sheet (Partial)
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please answer following this format. 
