6. ochra The following accounts are found in the trial balance of Goodwill Trading Corporation at December 31, 2018: Cash Trading Securities Investment Property Land Finished Goods Inventory Accounts Receivable Allowance for Uncollectible Accounts Buildings (c) (d) ao? priboir giapa keter Accumulated Depreciation - Buildings Goods in Process Inventory Materials Inventory Accounts Payable Income Tax Payable DEVOV Unearned Rent upl Mortgage Payable, due in annual installments of P100,000 Interest Payable Required: es Show computations for the following: (a) Total current assets (b) Working capital Total non-current liabilities Total shareholders' equity to shaoin modih bs mes Spr P35,000 130,000 900,000 3,000,000 350,000 320,000 34,000 5,000,000 1,200,000 280,000 120,000 240,000 87,000 24,000 500,000 10,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Answer letter D only

6.
The following accounts are found in the trial balance of Goodwill
Trading Corporation at December 31, 2018:
otro
00003 Land
Cash
Trading Securities
Investment Property
(c)
(d)
Finished Goods Inventory
Accounts Receivable
Allowance for Uncollectible Accounts
Buildings
Accumulated Depreciation - Buildings
Goods in Process Inventory
Materials Inventory
Accounts Payable
Income Tax Payable
Required:
Show computations for the following:
(a)
Total current assets
(b)
Working capital
0.01 BAR
Total non-current liabilities
Total shareholders' equity
bo161000
DUNOVSH
sans
Unearned Rent
Mortgage Payable, due in annual installments
of P100,000
Interest Payable
aloin togodih
mon a
Todoro
P35,000
130,000
900,000
3,000,000
350,000
320,000
34,000
5,000,000
1,200,000
280,000
120,000
240,000
87,000
24,000
500,000
10,000
Transcribed Image Text:6. The following accounts are found in the trial balance of Goodwill Trading Corporation at December 31, 2018: otro 00003 Land Cash Trading Securities Investment Property (c) (d) Finished Goods Inventory Accounts Receivable Allowance for Uncollectible Accounts Buildings Accumulated Depreciation - Buildings Goods in Process Inventory Materials Inventory Accounts Payable Income Tax Payable Required: Show computations for the following: (a) Total current assets (b) Working capital 0.01 BAR Total non-current liabilities Total shareholders' equity bo161000 DUNOVSH sans Unearned Rent Mortgage Payable, due in annual installments of P100,000 Interest Payable aloin togodih mon a Todoro P35,000 130,000 900,000 3,000,000 350,000 320,000 34,000 5,000,000 1,200,000 280,000 120,000 240,000 87,000 24,000 500,000 10,000
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