E7-3B (Financial Statement Presentation of Receivables) Rebel Company shows a balance of $428,520 in the Accounts Receivable account on December 31, 2014. The balance consists of the following.

E7-3B (Financial Statement Presentation of Receivables) Rebel Company shows a balance of $428,520 in the Accounts Receivable account on December 31, 2014. The balance consists of the following.

Installment accounts due in 2015                                                           $ 21,000

Installment accounts due after 2015                                                         82,000

Overpayments to creditors                                                                           10,320

Due from regular customers, of which $40,000 represents

accounts pledged as security for a bank loan                                      261,000

Advances to executives                                                                                  4,200

Advance to subsidiary company (made in 2014)                                   50,000

Instructions

Illustrate how the information above should be shown on the balance sheet of Rebel Company on December 31, 2014.