No. 1 Trade accounts receivable, net of P160,000 credit balance in customers' accounts, including P12,000 uncollectible customer accounts 2 Credit card sale of merchandise to a customer 3 Trade accounts receivable – assigned 4 Item Amount P960,000 P1,000,000 P1,800,000 P1,200,000 P1,200,000 P800,000 Trade accounts receivable – unassigned 5 Trade accounts receivable – factored 6 8% notes receivable – trade 7 Accounts payable, net of P120,000 debit balance in suppliers' P520,000 accounts 8 Special deposits on contract bids 9 Dividend receivable 10 Advances to officers (of which P240,000 is currently collectible) 11 Advances to affiliates 12 Subscription receivable (of which P75,000 is collectible within 90 days) 13 Accrued interest receivable P440,000 P60,000 P1,200,000 P2,400,000 P300,000 P150,000 Based on the foregoing data, determine the following - 21. Trade receivables a. 5,748,000 b. 5,908,000 c. 6,948,000 d. 7,108,000 22. Trade and other receivables a. 6,393,000 b. 6,553,000 c. 7,593,000 d. 7,753,000 23. Total items classified as noncurrent assets a. 3,800,000 b. 4,025,000 c. 4,800,000 d. 5,025,000
No. 1 Trade accounts receivable, net of P160,000 credit balance in customers' accounts, including P12,000 uncollectible customer accounts 2 Credit card sale of merchandise to a customer 3 Trade accounts receivable – assigned 4 Item Amount P960,000 P1,000,000 P1,800,000 P1,200,000 P1,200,000 P800,000 Trade accounts receivable – unassigned 5 Trade accounts receivable – factored 6 8% notes receivable – trade 7 Accounts payable, net of P120,000 debit balance in suppliers' P520,000 accounts 8 Special deposits on contract bids 9 Dividend receivable 10 Advances to officers (of which P240,000 is currently collectible) 11 Advances to affiliates 12 Subscription receivable (of which P75,000 is collectible within 90 days) 13 Accrued interest receivable P440,000 P60,000 P1,200,000 P2,400,000 P300,000 P150,000 Based on the foregoing data, determine the following - 21. Trade receivables a. 5,748,000 b. 5,908,000 c. 6,948,000 d. 7,108,000 22. Trade and other receivables a. 6,393,000 b. 6,553,000 c. 7,593,000 d. 7,753,000 23. Total items classified as noncurrent assets a. 3,800,000 b. 4,025,000 c. 4,800,000 d. 5,025,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:No.
1
Item
Amount
Trade accounts receivable, net of P160,000 credit balance in
customers' accounts, including P12,000 uncollectible customer
accounts
| Credit card sale of merchandise to a customer
3 Trade accounts receivable – assigned
Trade accounts receivable – unassigned
P960,000
P1,000,000
P1,800,000
P1,200,000
P1,200,000
P800,000
P520,000
4
5
Trade accounts receivable – factored
6 8% notes receivable – trade
Accounts payable, net of P120,000 debit balance in suppliers'
accounts
7
Special deposits on contract bids
9
8
Dividend receivable
10 Advances to officers (of which P240,000 is currently collectible)
Advances to affliates
12 Subscription receivable (of which P75,000 is collectible within 90
|days)
13 Accrued interest receivable
P440,000
P60,000
P1,200,000
P2,400,000
P300,000
11
P150,000
Based on the foregoing data, determine the following -
21. Trade receivables
a. 5,748,000
b. 5,908,000
c. 6,948,000
d. 7,108,000
22. Trade and other receivables
a. 6,393,000
b. 6,553,000
c. 7,593,000
d. 7,753,000
23. Total items classified as noncurrent assets
a. 3,800,000
b. 4,025,000
c. 4,800,000
d. 5,025,000
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