ExampleAccounts receivable-net of P10,000credit balance in customers' accountsNotes receivable – tradeP 50,0005,000Shown here areinformation from therecords of XXX Co.Notes receivable - non-trade, P5, 000collectible within 1 year25,000Dividend receivable1,000Required:Subscription receivableAdvances to officers and employees(due in 18 months)Accounts payable - net of P6,000debit balance in suppliers' accounts2,000Compute for the totala. trade receivables4,000b. current receivables3,000

Trade receivable refers to the amount which is owed to business through its clients following the…

Notes receivable – trade Notes receivable- non-trade, P5, 000 collectible within 1 year Dividend receivable 5,00 Shown here are information from the records of XXX Co. 25,00 1,00 Required: Subscription receivable 2,00 Compute for the total Advances to officers and employees a. trade receivables 4,00 |(due in 18 months) b. current receivables Accounts payable – net of P6,000 debit balance in suppliers' accounts 3,00

Notes receivable – trade Notes receivable- non-trade, P5, 000 collectible within 1 year Dividend receivable 5,00 Shown here are information from the records of XXX Co. 25,00 1,00 Required: Subscription receivable 2,00 Compute for the total Advances to officers and employees a. trade receivables 4,00 |(due in 18 months) b. current receivables Accounts payable – net of P6,000 debit balance in suppliers' accounts 3,00

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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