Entity A started operations during the period. The following were the transactions: a. Mr A, the sole owner of Entity A invested 1,000,000 to the business b. Equipment costing 250,000 was acquired for cash . c. Inventory costing P180,000 was acquired on credit, Entity A uses the perpetual inventory system . d. Inventory costing 120.000 was sold for P400,000 credit e. Accounts payable of P160,000 was settled . f. Accounts receivable of 340, 000 was collected g. Utilities expense of P60,000 was paid. h. Salaries expense of 280,000 was paid . i. Owner's drawings during the period totaled 70,000 j. Depreciation expense on the equipment for the period was 25,000 Requirement: Prepare Unadjusted Trial Balance

1. ABC Company has several subsidiaries that are included in its consolidated financial statements. In its December 31, year 1 trial balance. ABC had the following intercompany balances before eliminations: Determine intercompany receivables.

Subject - account  Please help me.  Thankyou.

Following are preacquisition financial balances for Padre Company and Sol Company as of December 31. Also included are fair values for Sol Company accounts. Cash Receivables Inventory Items Land Building and equipment (net) Franchise agreements Accounts payable Accrued expenses Long-term liabilities Common stock-$20 par value Common stock-$5 par value Additional paid-in capital Retained earnings, 1/1 Revenues Expenses Inventory Land Padre Company Book Values 12/31 $ 115,250 240,750 440,000 680,000 Accounts 835,000 313,000 Buildings and equipment Franchise agreements Goodwill Revenues Additional paid-in capital Expenses Retained earnings, 1/1 Retained earnings, 12/31 (319,000) (127,000) (957,500) (660,000) 0 (70,000) (437,500) (1,015,000) 962,000 Sol Company Amounts Book Values 12/31 $ 54,400 353,000 286,000 163,000 294,000 229,000 (147,000) (30,000) (597,500) 0 (210,000) (90,000) (284,000) (399,900) 379,000 Note: Parentheses indicate a credit balance. On December 31, Padre acquires…