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e total current assets of

e total current assets of

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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PROBLEM B John Hartley Corp. provided the following data on December 31, 2020: Cash in bank P1,750,000 Bills and coins on hand 17,565 Investment property 5,000,000 Equipment 4,200,000 Cash fund for plant expansion (Expected to be disbursed 2.000,000 2021) Petty cash fund 15,000 Inventory (P150,000 worth of inventory is expected to be sold 1,580,000 in 2022) Trade receivable (10% is expected to be collected in 2022) 1,640,000 Trade payable 1,620,000 Accrued expenses 153,000 10% Notes payable (due in 2021) 800,000 12% Notes payable (due in 2022) 1,900,000 Salaries payable 415,000 Bonds payable (due in 2025) 1,000,000
Transcribed Image Text:PROBLEM B John Hartley Corp. provided the following data on December 31, 2020: Cash in bank P1,750,000 Bills and coins on hand 17,565 Investment property 5,000,000 Equipment 4,200,000 Cash fund for plant expansion (Expected to be disbursed 2.000,000 2021) Petty cash fund 15,000 Inventory (P150,000 worth of inventory is expected to be sold 1,580,000 in 2022) Trade receivable (10% is expected to be collected in 2022) 1,640,000 Trade payable 1,620,000 Accrued expenses 153,000 10% Notes payable (due in 2021) 800,000 12% Notes payable (due in 2022) 1,900,000 Salaries payable 415,000 Bonds payable (due in 2025) 1,000,000
Question 34 The total current assets of John Hartley Corp. as of December 31, 2020 amounts to? Blank 1 Blank 1 Add your answer Question 35 The net working capital of John Hartley Corp. as of December 31, 2020 amounts to? Blank 1 Blank 1 Add your answer
Transcribed Image Text:Question 34 The total current assets of John Hartley Corp. as of December 31, 2020 amounts to? Blank 1 Blank 1 Add your answer Question 35 The net working capital of John Hartley Corp. as of December 31, 2020 amounts to? Blank 1 Blank 1 Add your answer
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