Problem 4-11 (PHILCPA Adapted)At year-end, Harem Company reported accounta receivableof PS, 200,000 with the following analysis:Accounta known to be worthlesaAdvance paymenta on purchase ordersAdvances to subaidiaryCustomers' accounts reporting credit balances ariaingfrom sales returnsTrade accounts receivableSubscription receivable due in 30 daynTrade installments receivable due 1-18 montha,including unearned finance charge of P50,000Trade accounta receivable from officers, due currentlyTrade accounts on which postdated checks are held andno entries were made on receipt of checke100.000400 0001,000.000( 600,0003,500,0002200.000850,000150,000200,000What is the correct balance of trade accounts receivable?. 4,650,000p. 4,700,000. 4,150,0001 4,050,000

Accounts receivables:- Accounts receivables includes the money that is due to a firm on goods and…

Problem At year-end, Harem Company reported accounta receivable of P8, 200,000 with the following analysis Rccounts known to be worthless Advance paymenta on purchase orders advances to subeidiary Customers' accounts reporting credit balances arising from aales returns Crade accounts receivable Subecription receivable due in 30 daya Trade installments receivable due 1-18 montha, including unearned finance charge of P50,000 rade accounts receivable from officers, due currently "rade accounts on which postdated checks are held and no entries were made on receipt of checke 100.000 400 000 1,000.000 ( 600,000) 3.500,000 2.200 D00 850,000 150,000 200,000 What is the correct balance of trade accounts receivable? 4,650,000 4,700,000 4,150,000 - 4,050,000

Problem At year-end, Harem Company reported accounta receivable of P8, 200,000 with the following analysis Rccounts known to be worthless Advance paymenta on purchase orders advances to subeidiary Customers' accounts reporting credit balances arising from aales returns Crade accounts receivable Subecription receivable due in 30 daya Trade installments receivable due 1-18 montha, including unearned finance charge of P50,000 rade accounts receivable from officers, due currently "rade accounts on which postdated checks are held and no entries were made on receipt of checke 100.000 400 000 1,000.000 ( 600,000) 3.500,000 2.200 D00 850,000 150,000 200,000 What is the correct balance of trade accounts receivable? 4,650,000 4,700,000 4,150,000 - 4,050,000

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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