2. At the end of the first month of operations for Juana's Delivery Service, the had the following accounts: Accounts Receivable, Php1,200; Prepaid Insurance, Php5003; Equipment, Php36,200 and Cash, Php40,650. On the same date, Juana owed the following creditors: Nena's Supply Company, Php12,000 (due in 6 months); Maria's Equipment, Php9,500 (due after 2 years). What is Juana's Delivery Service' total current liabilities? (Topic: Identifying current liabilities)

2. At the end of the first month of operations for Juana's Delivery Service, the had the following accounts: Accounts Receivable, Php1,200; Prepaid Insurance, Php5003; Equipment, Php36,200 and Cash, Php40,650. On the same date, Juana owed the following creditors: Nena's Supply Company, Php12,000 (due in 6 months); Maria's Equipment, Php9,500 (due after 2 years). What is Juana's Delivery Service' total current liabilities? (Topic: Identifying current liabilities)

Name: What is Juana's Delivé2. At the end of the first month of operations
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Description: What is Juana's Delivé2. At the end of the first month of operations for Juana's Delivery Service, the businesshad the following accounts: Accounts Receivable, Php1,200; Prepaid Insurance, Php500;Equipment, Php36,200 and Cash, Php40,650. On the same

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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