The following data pertains to Camacho Company on December 31, 2020 Cash (including bond sinking fund of P500,000) P2,000,000.00 Notes Receivable 1,200,000.00 Accounts receivable - unassigned 3,000,000.00 Accounts receivable - assigned 800,000.00 Notes Receivable discounted 700,000.00 Inventory, including P600,000 cost of goods in transit, FOB destination. The goods were received on January 3, 2021 2,800,000.00 Allowance for doubtful accounts 100,000.00 How much is the accounts receivable?
The following data pertains to Camacho Company on December 31, 2020 Cash (including bond sinking fund of P500,000) P2,000,000.00 Notes Receivable 1,200,000.00 Accounts receivable - unassigned 3,000,000.00 Accounts receivable - assigned 800,000.00 Notes Receivable discounted 700,000.00 Inventory, including P600,000 cost of goods in transit, FOB destination. The goods were received on January 3, 2021 2,800,000.00 Allowance for doubtful accounts 100,000.00 How much is the accounts receivable?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![The following data pertains to Camacho Company on December 31, 2020
P2,000,000.00
1,200,000.00
3,000,000.00
800,000.00
Cash (including bond sinking fund of P500,000)
Notes Receivable
Accounts receivable - unassigned
Accounts receivable - assigned
Notes Receivable discounted
700,000.00
Inventory, including P600,000 cost of goods in transit, FOB
destination. The goods were received on January 3, 2021
2,800,000.00
100,000.00
Allowance for doubtful accounts
How much is the accounts receivable?
Select the correct response
P7,900,000 00
P7,400,000.00
P8,000,000.00
P7,700,000.00
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Transcribed Image Text:The following data pertains to Camacho Company on December 31, 2020
P2,000,000.00
1,200,000.00
3,000,000.00
800,000.00
Cash (including bond sinking fund of P500,000)
Notes Receivable
Accounts receivable - unassigned
Accounts receivable - assigned
Notes Receivable discounted
700,000.00
Inventory, including P600,000 cost of goods in transit, FOB
destination. The goods were received on January 3, 2021
2,800,000.00
100,000.00
Allowance for doubtful accounts
How much is the accounts receivable?
Select the correct response
P7,900,000 00
P7,400,000.00
P8,000,000.00
P7,700,000.00
< Previous
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