The following data were available for ABC Trading at Dec 31, 20X1: Trade accounts receivable (net of 3,000 credit balance) P89,000 Advances to employees, P17,000 Subscription Receivable, P90,000 Deposits to utility companies, P45,000 Claims from insurance company, P60,000 Trade accounts payable (net of 4,000 debit balance) P56,000 How much is the trade and other receivables at Dec 31, 20X1? a. 211,000 b. 214,000 c. 218,000 d. 301,000
The following data were available for ABC Trading at Dec 31, 20X1: Trade accounts receivable (net of 3,000 credit balance) P89,000 Advances to employees, P17,000 Subscription Receivable, P90,000 Deposits to utility companies, P45,000 Claims from insurance company, P60,000 Trade accounts payable (net of 4,000 debit balance) P56,000 How much is the trade and other receivables at Dec 31, 20X1? a. 211,000 b. 214,000 c. 218,000 d. 301,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following data were available for ABC Trading at Dec 31, 20X1:
Tradeaccounts receivable (net of 3,000 credit balance) P89,000
Advances to employees, P17,000
Subscription Receivable, P90,000
Deposits to utility companies, P45,000
Claims from insurance company, P60,000
Trade accounts payable (net of 4,000 debit balance) P56,000
How much is the trade and other receivables at Dec 31, 20X1?
Trade
Advances to employees, P17,000
Subscription Receivable, P90,000
Deposits to utility companies, P45,000
Claims from insurance company, P60,000
Trade accounts payable (net of 4,000 debit balance) P56,000
How much is the trade and other receivables at Dec 31, 20X1?
a. 211,000
b. 214,000
c. 218,000
d. 301,000
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