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The following data were taken from the statement of realization and liquidation of ABC Corp. for the quarter ended June 30: Assets to be realized                                   ₱515,625 Supplementary credits                                   796,875 Liabilities to be liquidated                              843,750 Supplementary charges                                731,250 Liabilities liquidated                                       562,500 Assets acquired                                             562,500 Assets realized

The following data were taken from the statement of realization and liquidation of ABC Corp. for the quarter ended June 30: Assets to be realized                                   ₱515,625 Supplementary credits                                   796,875 Liabilities to be liquidated                              843,750 Supplementary charges                                731,250 Liabilities liquidated                                       562,500 Assets acquired                                             562,500 Assets realized

FINANCIAL ACCOUNTING
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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The following data were taken from the statement of realization and liquidation of ABC Corp. for the quarter ended June 30:

Assets to be realized                                   ₱515,625
Supplementary credits                                   796,875
Liabilities to be liquidated                              843,750
Supplementary charges                                731,250
Liabilities liquidated                                       562,500
Assets acquired                                             562,500
Assets realized                                              656,250
Liabilities assumed                                        281,250
Assets not realized                                        234,375

The ending capital balances of capital stock and retained earnings are ₱468,750 and ₱187,500, respectively. A net loss of ₱262,500 was reported for the period.

How much is the ending balance of cash?

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