No. 1 Item Amount Trade accounts receivable, net of P160,000 credit balance in customers' accounts, including P12,000 uncollectible customer accounts | Credit card sale of merchandise to a customer 3...


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No.<br>1<br>Item<br>Amount<br>Trade accounts receivable, net of P160,000 credit balance in<br>customers' accounts, including P12,000 uncollectible customer<br>accounts<br>| Credit card sale of merchandise to a customer<br>3 Trade accounts receivable – assigned<br>Trade accounts receivable – unassigned<br>P960,000<br>P1,000,000<br>P1,800,000<br>P1,200,000<br>P1,200,000<br>P800,000<br>P520,000<br>4<br>5<br>Trade accounts receivable – factored<br>6 8% notes receivable – trade<br>Accounts payable, net of P120,000 debit balance in suppliers'<br>accounts<br>7<br>Special deposits on contract bids<br>9<br>8<br>Dividend receivable<br>10 Advances to officers (of which P240,000 is currently collectible)<br>Advances to affliates<br>12 Subscription receivable (of which P75,000 is collectible within 90<br>|days)<br>13 Accrued interest receivable<br>P440,000<br>P60,000<br>P1,200,000<br>P2,400,000<br>P300,000<br>11<br>P150,000<br>Based on the foregoing data, determine the following -<br>21. Trade receivables<br>a. 5,748,000<br>b. 5,908,000<br>c. 6,948,000<br>d. 7,108,000<br>22. Trade and other receivables<br>a. 6,393,000<br>b. 6,553,000<br>c. 7,593,000<br>d. 7,753,000<br>23. Total items classified as noncurrent assets<br>a. 3,800,000<br>b. 4,025,000<br>c. 4,800,000<br>d. 5,025,000<br>

Extracted text: No. 1 Item Amount Trade accounts receivable, net of P160,000 credit balance in customers' accounts, including P12,000 uncollectible customer accounts | Credit card sale of merchandise to a customer 3 Trade accounts receivable – assigned Trade accounts receivable – unassigned P960,000 P1,000,000 P1,800,000 P1,200,000 P1,200,000 P800,000 P520,000 4 5 Trade accounts receivable – factored 6 8% notes receivable – trade Accounts payable, net of P120,000 debit balance in suppliers' accounts 7 Special deposits on contract bids 9 8 Dividend receivable 10 Advances to officers (of which P240,000 is currently collectible) Advances to affliates 12 Subscription receivable (of which P75,000 is collectible within 90 |days) 13 Accrued interest receivable P440,000 P60,000 P1,200,000 P2,400,000 P300,000 11 P150,000 Based on the foregoing data, determine the following - 21. Trade receivables a. 5,748,000 b. 5,908,000 c. 6,948,000 d. 7,108,000 22. Trade and other receivables a. 6,393,000 b. 6,553,000 c. 7,593,000 d. 7,753,000 23. Total items classified as noncurrent assets a. 3,800,000 b. 4,025,000 c. 4,800,000 d. 5,025,000

Jun 09, 2022
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