ABC Corp has the following items in its receivable and payable accounts: Due from customers, P156,000 Payable to creditors for merchandise, P62,000 Notes Receivable - long term, P80,000 Due from employees, P2,200 Cash dividends payable, P24,000 Claims from a courier company for losses, P4,000 Subscription Receivable, P20,000 The amount to be reported as trade and other receivable is: 156,000 236,000 242,200 262,200
ABC Corp has the following items in its receivable and payable accounts: Due from customers, P156,000 Payable to creditors for merchandise, P62,000 Notes Receivable - long term, P80,000 Due from employees, P2,200 Cash dividends payable, P24,000 Claims from a courier company for losses, P4,000 Subscription Receivable, P20,000 The amount to be reported as trade and other receivable is: 156,000 236,000 242,200 262,200
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter16: Accounting For Accounts Receivable
Section: Chapter Questions
Problem 1CE
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ABC Corp has the following items in its receivable and payable accounts: Due from customers, P156,000 Payable to creditors for merchandise, P62,000 Notes Receivable - long term, P80,000 Due from employees, P2,200 Cash dividends payable, P24,000 Claims from a courier company for losses, P4,000 Subscription Receivable, P20,000 The amount to be reported as trade and other receivable is:
156,000
236,000
242,200
262,200
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