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What amount should appear in other receivables category

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Reference no: EM132820176

Pharoah Company had the following items to report on its balance sheet:

Employee advances$1600

Amounts owed by customers for the sale of services (due in 30 days) 2670

Refundable income taxes 1290

Interest receivable 1010

Accepted a formal instrument of credit for services (due in 18 months) 2000

A loan to company president 11900

Dishonored a note for principal and interest which will eventually be collected 1380

Problem 1: Based on this information, what amount should appear in the "Other Receivables" category?

Option 1: $19400

Option 2: $15800

Option 3: $22450

Option 4: $17180

Reference no: EM132820176

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