3. Krizia Corporation provided the following information on December 31, 2019.Accounts receivable, net of credit balances incustomers' account of P25,000Merchandise inventory, excluding goods of P50,000received on December 31, 2019 but unrecorded as apurchaseGift certificates payableSerial bonds payable in semiannual installment ofP345,800700,98012,500P100,000800,00015,000Rent received in advanceNotes payable, including bank loan of P30,000 dueon December 31, 2025940,00013,4505,600Notes receivable discountedPrepaid expensesRequired: Compute the following:a. Total current liabilitiesb. Total long term liabilities

Name: 3. Krizia Corporation provided the following information on December
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Description: 3. Krizia Corporation provided the following information on December 31, 2019.Accounts receivable, net of credit balances incustomers' account of P25,000Merchandise inventory, excluding goods of P50,000received on December 31, 2019 but unrecorded as

As per standard accounting practices a liability which is…

Answered: celvable, of credit baland ers' account…

Business

Accounting

celvable, of credit baland ers' account of P25,000 se inventory, excluding goods

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 17E: Interest-Bearing and Non-Interest-Bearing Notes On December 11, 2019, Hooper Inc. made a credit sale...

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