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Sheridan Inc. shows a balance of $515,350 in the Accounts Receivable account on December 31,2023....

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Accounting

Sheridan Inc. shows a balance of $515,350 in the Accounts Receivable account on December 31,2023. The balance consists of the
following:
installment accounts due in 2024
Show how the information above should be presented on the statement of financial position of Sheridan at December 31,2023.
Sheridan Inc
Statement of Financial Position
December 31,2023
Current Assets
Installment Accounts Collectlble Due in 2024
$
Customers Accounts
Installment Accounts Collectlble Due After December 31,2024
Non-Current Basets
Advance to Subsidlary Company
image

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