Question

Stellar Company shows a balance of $ 205,140 in the Accounts Receivable account on December 31, 2017. The balance consists of the following.

Installment accounts due in 2018		$ 30,500
Installment accounts due after 2018		41,200
Overpayments to vendors		3,190
Due from regular customers, of which $ 39,610 represents accounts pledged as security for a bank loan		81,300
Advances to employees		1,760
Advance to subsidiary company (due in 2018)		86,800

Illustrate how the information above should be shown on the balance sheet of Stellar 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.

STELLAR COMPANY Balance Sheet (Partial)   December 31, 2017For the Year Ended December 31, 2017For the Quarter Ended December 31, 2017
Current AssetsCurrent LiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesNet Income / (Loss)Property, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesTotal Liabilities and Stockholders' EquityTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Stockholders' Equity
Customers AccountsAccounts ReceivableCurrent AssetsAdvances to EmployeesNon-trade ReceivablesInstallment Accounts Collectible due in 2018Advance to Subsidiary CompanyInstallment Accounts Collectible due After December 31, 2018Other
Non-trade ReceivablesInstallment Accounts Collectible due After December 31, 2018Accounts ReceivableInstallment Accounts Collectible due in 2018Advance to Subsidiary CompanyAdvances to EmployeesCurrent AssetsCustomers AccountsOther		$
Non-trade ReceivablesInstallment Accounts Collectible due After December 31, 2018Current AssetsAccounts ReceivableAdvances to EmployeesInstallment Accounts Collectible due in 2018OtherAdvance to Subsidiary CompanyCustomers Accounts
Accounts ReceivableNon-trade ReceivablesCurrent AssetsAdvances to EmployeesCustomers AccountsAdvance to Subsidiary CompanyOtherInstallment Accounts Collectible due in 2018Installment Accounts Collectible due After December 31, 2018
				$
Non-trade ReceivablesAdvances to EmployeesInstallment Accounts Collectible due in 2018OtherInstallment Accounts Collectible due After December 31, 2018Accounts ReceivableCustomers AccountsCurrent AssetsAdvance to Subsidiary Company						$
Customers AccountsCurrent AssetsAdvances to EmployeesInstallment Accounts Collectible due After December 31, 2018Accounts ReceivableInstallment Accounts Collectible due in 2018Advance to Subsidiary CompanyNon-trade ReceivablesOther
Accounts ReceivableCurrent AssetsInstallment Accounts Collectible due After December 31, 2018Installment Accounts Collectible due in 2018Advances to EmployeesNon-trade ReceivablesAdvance to Subsidiary CompanyOtherCustomers Accounts
Advances to EmployeesCustomers AccountsAdvance to Subsidiary CompanyCurrent AssetsInstallment Accounts Collectible due After December 31, 2018OtherAccounts ReceivableInstallment Accounts Collectible due in 2018Non-trade Receivables

Answer 1

SOLUTION

Balance sheet (partial)

	Amount ($)	Amount ($)
Accounts receivable
Customer accounts (of which 39,610 represents accounts pledged as security for a bank loan)		81,300
Installment accounts due in 2018		30,500
Others-
Over payment to vendors	3,190
Advance to employees	1,760	4,950
Total accounts receivable		116,750
Installments accounts due after 2018		41,200
Investments
Advance to subsidiary company (Due in 2018)		86,800