Question

Carla Vista Co. had the following balances in receivable accounts at October 31, 2022 (in thousands): Allowance for Doubtful Accounts $53, Accounts Receivable $3,003, Other Receivables $198, and Notes Receivable $1,458.

Prepare the balance sheet presentation of Carla Vista Co.’s receivables in good form.

CARLA VISTA CO. Balance Sheet (Partial) choose the accounting period                                                          October 31, 2022For the Year Ended October 31, 2022For the Quarter Ended October 31, 2022 (in thousands)
select an opening section name                                                          Total ReceivablesTotal AssetsReceivablesTotal Long-term InvestmentsIntangible AssetsNet ReceivablesTotal Stockholders' EquityLong-term LiabilitiesProperty, Plant and EquipmentLong-term InvestmentsTotal Current AssetsTotal Property, Plant and EquipmentTotal Liabilities and Stockholders' EquityTotal LiabilitiesTotal Long-term LiabilitiesStockholders' EquityTotal Current LiabilitiesCurrent AssetsCurrent LiabilitiesTotal Intangible Assets
enter a balance sheet item		$enter a dollar amount
enter a balance sheet item		enter a dollar amount
enter a balance sheet item		enter a dollar amount
select a closing section name                                                          Long-term InvestmentsCurrent AssetsTotal Current LiabilitiesTotal Long-term InvestmentsTotal ReceivablesLong-term LiabilitiesNet ReceivablesProperty, Plant and EquipmentTotal Current AssetsIntangible AssetsTotal Property, Plant and EquipmentTotal Intangible AssetsStockholders' EquityTotal Liabilities and Stockholders' EquityTotal AssetsTotal Long-term LiabilitiesTotal Stockholders' EquityTotal LiabilitiesReceivablesCurrent Liabilities				$enter a total amount for this section
select between addition and deduction                                                          LessAdd: enter a balance sheet item				enter a dollar amount
select a closing name for this part of the balance sheet                                                          Long-term InvestmentsTotal Current LiabilitiesTotal Stockholders' EquityReceivablesTotal Property, Plant and EquipmentTotal Long-term LiabilitiesTotal AssetsTotal LiabilitiesLong-term LiabilitiesTotal Intangible AssetsTotal ReceivablesStockholders' EquityTotal Liabilities and Stockholders' EquityTotal Current AssetsCurrent AssetsProperty, Plant and EquipmentIntangible AssetsCurrent LiabilitiesNet ReceivablesTotal Long-term Investments				$enter a total amount for this part of the balance sheet

Answer 1

CARLA VISTA CO.
Balance Sheet (Partial)
October 31, 2022
(in thousands)
Receivables
Accounts Receivable	3,003
Notes Receivable	1,458
Other Receivables	198
Total Receivables		4,659
Less: Allowance for Doubtful Accounts		53
Net Receivables		4,606