FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The accounts below were taken from the unadjusted
|
Cash |
P137,000 |
|
Trade |
129,000 |
|
Allowance for Uncollectible Accounts |
6,000 |
|
Withholding Tax Payable |
4,000 |
|
Notes Receivable, collectible Dec. 31, 2023 |
150,000 |
|
Trade Accounts Payable |
87,000 |
|
Merchandise Inventory, Dec. 31, 2021 |
136,000 |
|
Bonds Payable |
250,000 |
|
Share Dividends Distributable |
15,000 |
|
Value Added Tax (VAT) Payable |
28,000 |
The Bonds payable issued in 2021 will mature in five equal annual installments beginning June 1, 2022.
How much total current assets should be reported in the
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