The Corporation provided the following account balances on December 31, 2022:P 600,0003,500,000200,0002,000,000300,0001,800,000200,000480,000CashAccounts receivableAllowance for bad debtsNotes receivableAdvances to officersMerchandise inventoriesOffice supplies expensePrepaid taxesBuildingAccumulated depreciation-buildingOffice equipment3,000,0001,200,000300,000180,000450,000150,00050,000800,000Accumulated depreciation-office equipmentAccounts payableSalaries payableInterest payableNotes payable, due January 31, 2024Mortgage payableShare capitalShare premiumRetained earningsHint: Prepare the statement of financial position and save it to answer the questions related to this problem.2,000,0006,000,000800,000150,000What is the total current assets? Give your answer in this format X,XXX,XXX (disregard the peso sign)

Financial statement means the statement which include the income statement and the balance sheet.…

The Corporation provided the following account balances on December 31, 2022: P 600,000 3,500,000 200,000 2,000,000 300,000 1,800,000 Cash Accounts receivable Allowance for bad debts Notes receivable Advances to officers Merchandise inventories Office supplies expense Prepaid taxes Building Accumulated depreciation-building Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Interest payable Notes payable, due January 31, 2024 Mortgage payable 200,000 480,000 3,000,000 1,200,000 300,000 180,000 450,000 150,000 50,000 800,000 2,000,000 6,000,000 800,000 150,000 Share capital Share premium Retained earnings Hint: Prepare the statement of financial position and save it to answer the questions related to this problem. What is the total current assets? Give your answer in this format X,XXX,XXX (disregard the peso sign)

The Corporation provided the following account balances on December 31, 2022: P 600,000 3,500,000 200,000 2,000,000 300,000 1,800,000 Cash Accounts receivable Allowance for bad debts Notes receivable Advances to officers Merchandise inventories Office supplies expense Prepaid taxes Building Accumulated depreciation-building Office equipment Accumulated depreciation-office equipment Accounts payable Salaries payable Interest payable Notes payable, due January 31, 2024 Mortgage payable 200,000 480,000 3,000,000 1,200,000 300,000 180,000 450,000 150,000 50,000 800,000 2,000,000 6,000,000 800,000 150,000 Share capital Share premium Retained earnings Hint: Prepare the statement of financial position and save it to answer the questions related to this problem. What is the total current assets? Give your answer in this format X,XXX,XXX (disregard the peso sign)

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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