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Debit credit current receivable

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Bros Corp. has several subsidiaries that are included in its consolidated financial statements. In its December 31, year 1 trial balance, Wright had the following intercompany balances before eliminations:

Debit Credit Current receivable due from Main Co. $ 32,000 Noncurrent receivable from Main Co. 114,000 Cash advance to Corn Corp. 6,000 Cash advance from King Co. $ 15,000 Intercompany payable to King Co. 101,000 In its December 31, year 1 consolidated balance sheet, what amount should Wright report as intercompany receivables?

Reference no: EM131803202

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