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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Answer letter D only
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
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education