following data were ascertained for the month of September in the Statement of realization and liquidation of Enron Corp.: Assets to be realized for October were P18,000. Assets realized during the month were P338,000. Unrecorded assets during the month were P25,000. Assets not sold or collected at the end of August were P380,000. Liabilities assumed were P28,000. Liabilities not liquidated at the end of August were P350,000. Liabilities paid were P268,800. Supplementary charges were 86,350 and supplementary credits were P59,700. Cash balance at the beginning of the month was P10,500. What is the estate equity at the end of September? 116,150
following data were ascertained for the month of September in the Statement of realization and liquidation of Enron Corp.: Assets to be realized for October were P18,000. Assets realized during the month were P338,000. Unrecorded assets during the month were P25,000. Assets not sold or collected at the end of August were P380,000. Liabilities assumed were P28,000. Liabilities not liquidated at the end of August were P350,000. Liabilities paid were P268,800. Supplementary charges were 86,350 and supplementary credits were P59,700. Cash balance at the beginning of the month was P10,500. What is the estate equity at the end of September? 116,150
Chapter1: Financial Statements And Business Decisions
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The following data were ascertained for the month of September in the Statement of realization and liquidation of Enron Corp.: Assets to be realized for October were P18,000. Assets realized during the month were P338,000. Unrecorded assets during the month were P25,000. Assets not sold or collected at the end of August were P380,000. Liabilities assumed were P28,000. Liabilities not liquidated at the end of August were P350,000. Liabilities paid were P268,800. Supplementary charges were 86,350 and supplementary credits were P59,700. Cash balance at the beginning of the month was P10,500.
What is the estate equity at the end of September?
116,150
(35,150)
(60,150)
20,850
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