At December 31, 2014, Grinkov Corporation had the following account balances. Installment Accounts Receivable, 2013 $65,000 Installment Accounts Recei

At December 31, 2014, Grinkov Corporation had the following account balances. Installment Accounts Receivable, 2013 $65,000 Installment Accounts Receivable, 2014 110,000 Deferred Gross Profit, 2013 23,400 Deferred Gross Profit, 2014 41,800Most of Grinkov’s sales are made on a 2-year installment basis.Indicate how these accounts would be reported in Grinkov’s December 31, 2014, balance sheet. The 2013 accounts are collectible in 2015, and the 2014 accounts are collectible in 2016.Grinkov CorporationBalance SheetDecember 31, 2014Please fll in blanks_______________________________________________      $_______________________________________________        _______________________$_________________________________________________________________________   $ ________________________

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