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

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 THE TOTAL LIABILITIES AND EQUITY 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
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
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
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 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 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 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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