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52,200 80,000 40,000 4,000 1,500 100,000 25,000 15,000 268,000 16,500 4,800 45,000 3,000 12,000 30,000 70,000 150,000 15,000 38,000 7,600 20,000 4,000 60,000 55,000 150,000 200,000 6,200 1,200 200,000 150,000 15,000 105,000 Cash on hand Time deposit (180-day) Notes receivable (6 months) Prepaid rent Supplies and stationeries Held for trading securities Goodwill Patents Inventories Long-term advances to officers Accrued interest on notes receivable Accounts receivable - trade Allowance for doubtful accounts Cash surrender value of life insurance Preference shares of another corporation (FVOCI) Land Store building Accumulated depreciation - store building Delivery equipment Accumulated depreciation - delivery equipment Office furniture and equipment Accumulated depreciation - office furniture and equipment Notes payable - trade Accounts payable - trade Bonds payable (10 years, principal payable equally annually) Mortgage payable, due 2026 Accrued expenses SSS/Philhealth/Pag-ibig premiums payable Ordinary share capital, P10 par Preference share capital, P100 par Preference share premium Retained earnings

52,200 80,000 40,000 4,000 1,500 100,000 25,000 15,000 268,000 16,500 4,800 45,000 3,000 12,000 30,000 70,000 150,000 15,000 38,000 7,600 20,000 4,000 60,000 55,000 150,000 200,000 6,200 1,200 200,000 150,000 15,000 105,000 Cash on hand Time deposit (180-day) Notes receivable (6 months) Prepaid rent Supplies and stationeries Held for trading securities Goodwill Patents Inventories Long-term advances to officers Accrued interest on notes receivable Accounts receivable - trade Allowance for doubtful accounts Cash surrender value of life insurance Preference shares of another corporation (FVOCI) Land Store building Accumulated depreciation - store building Delivery equipment Accumulated depreciation - delivery equipment Office furniture and equipment Accumulated depreciation - office furniture and equipment Notes payable - trade Accounts payable - trade Bonds payable (10 years, principal payable equally annually) Mortgage payable, due 2026 Accrued expenses SSS/Philhealth/Pag-ibig premiums payable Ordinary share capital, P10 par Preference share capital, P100 par Preference share premium Retained earnings

FINANCIAL ACCOUNTING
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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Question

WHAT IS TOTAL CURRENT LIABILITIES 2021?

Cash on hand 52,200 80,000 40,000 4,000 1,500 100,000 25,000 15,000 268,000 16,500 4,800 45,000 3,000 12,000 30,000 70,000 150,000 15,000 38,000 7,600 20,000 4,000 60,000 55,000 150,000 200,000 6,200 1,200 200,000 150,000 15,000 105,000 Time deposit (180-day) Notes receivable (6 months) Prepaid rent Supplies and stationeries Held for trading securities Goodwill Patents Inventories Long-term advances to officers Accrued interest on notes receivable Accounts receivable - trade Allowance for doubtful accounts Cash surrender value of life insurance Preference shares of another corporation (FVOCI) Land Store building Accumulated depreciation - store building Delivery equipment Accumulated depreciation - delivery equipment Office furniture and equipment Accumulated depreciation - office furniture and equipment Notes payable - trade Accounts payable - trade Bonds payable (10 years, principal payable equally annually) Mortgage payable, due 2026 Accrued expenses SSS/Philhealth/Pag-ibig premiums payable Ordinary share capital, P10 par Preference share capital, P100 par Preference share premium Retained earnings
Transcribed Image Text:Cash on hand 52,200 80,000 40,000 4,000 1,500 100,000 25,000 15,000 268,000 16,500 4,800 45,000 3,000 12,000 30,000 70,000 150,000 15,000 38,000 7,600 20,000 4,000 60,000 55,000 150,000 200,000 6,200 1,200 200,000 150,000 15,000 105,000 Time deposit (180-day) Notes receivable (6 months) Prepaid rent Supplies and stationeries Held for trading securities Goodwill Patents Inventories Long-term advances to officers Accrued interest on notes receivable Accounts receivable - trade Allowance for doubtful accounts Cash surrender value of life insurance Preference shares of another corporation (FVOCI) Land Store building Accumulated depreciation - store building Delivery equipment Accumulated depreciation - delivery equipment Office furniture and equipment Accumulated depreciation - office furniture and equipment Notes payable - trade Accounts payable - trade Bonds payable (10 years, principal payable equally annually) Mortgage payable, due 2026 Accrued expenses SSS/Philhealth/Pag-ibig premiums payable Ordinary share capital, P10 par Preference share capital, P100 par Preference share premium Retained earnings
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