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Dorman Company Had the Following Items to Report on Its

question 74

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Dorman Company had the following items to report on its balance sheet:  Em ployee advances $1,580 Amounts owed by customers for the sale of services (due in 30 days)  3,050 Refundable income taxes 1,120 Interest receivable 950 Accepted a formal instrum ent of credit for services (due in 18 months)  2,220 A loan to company president 10,000 Dishonored a note for principal and interest which will eventually be collected 1,380\begin{array}{|l|r|}\hline \text { Em ployee advances } & \$ 1,580 \\\hline \text { Amounts owed by customers for the sale of services (due in 30 days) } & 3,050 \\\hline \text { Refundable income taxes } & 1,120 \\\hline \text { Interest receivable } & 950 \\\hline \text { Accepted a formal instrum ent of credit for services (due in 18 months) } & 2,220 \\\hline \text { A loan to company president } & 10,000 \\\hline \text { Dishonored a note for principal and interest which will eventually be collected } & 1,380 \\\hline\end{array} Based on this information, what amount should appear in the "Other Receivables" category?


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