On December 31, 2021, Mickey Mouse Company's “Accounts Receivable" includes the following: a. Accounts receivable, including P15,000 accounts receivable to customer which is definitely uncollectible 340,000 b. MasterCard or Visa credit card sale of merchandise to Customer 180,000 c. Accounts payable, net of P40,000 debit balance in suppliers' Accounts 150,000 d. Special deposits on contract bids 130,000 e. Dividend receivables 25,000 f. Other Trade Accounts Receivable – unassigned 90,000 g. Trade Accounts receivable – assigned 120,000 h. Overpayment to supplier for inventory purchased on account 20,000 į. Claims against common carriers for the lost goods 120,000 j. Subscription receivable for the entity's securities collectible in 6 mos. 20,000
On December 31, 2021, Mickey Mouse Company's “Accounts Receivable" includes the following: a. Accounts receivable, including P15,000 accounts receivable to customer which is definitely uncollectible 340,000 b. MasterCard or Visa credit card sale of merchandise to Customer 180,000 c. Accounts payable, net of P40,000 debit balance in suppliers' Accounts 150,000 d. Special deposits on contract bids 130,000 e. Dividend receivables 25,000 f. Other Trade Accounts Receivable – unassigned 90,000 g. Trade Accounts receivable – assigned 120,000 h. Overpayment to supplier for inventory purchased on account 20,000 į. Claims against common carriers for the lost goods 120,000 j. Subscription receivable for the entity's securities collectible in 6 mos. 20,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Based on the available data, determine the amount of Trade receivables
Transcribed Image Text:On December 31, 2021, Mickey Mouse Company's “Accounts Receivable" includes the
following:
a. Accounts receivable, including P15,000 accounts
receivable to customer which is definitely uncollectible
340,000
b. MasterCard or Visa credit card sale of merchandise to Customer
180,000
c. Accounts payable, net of P40,000 debit balance in suppliers' Accounts
150,000
d. Special deposits on contract bids
130,000
e. Dividend receivables
25,000
f. Other Trade Accounts Receivable – unassigned
90,000
g. Trade Accounts receivable – assigned
120,000
h. Overpayment to supplier for inventory purchased on account
20,000
į. Claims against common carriers for the lost goods
120,000
j. Subscription receivable for the entity's securities collectible in 6 mos.
20,000
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