Answer only 1 2 3 Analyze the following accounts and satisfy the requirementsgiven below.Accounts payableAccrued expensesAccumulated depreciationAdditional paid-in capitalAllowance for doubtful accountsCashCommon stock (PO.20 par)Gross accounts receivableGross fixed assetsInventoriesLong term debtNet accounts receivableNet fixed assetsRetained earningsShort-term bank loan (notes payable)P 39,0008,00051,00086,0002,00023,00045,00040,000486,00054,000210,00038,000435,000138,00024,000 REQUIREMENTS:1. How much is the total current assets?2. How much is the total non current assets?3. How much is the total liabilities and equity?4. How much is the total equity?*Final answer needs to be rounded off to two(2) decimalplaces and the format should be (X.XXX,XXX.XX) and youneed to omit the peso sign. For example your answer is onemillion pesos it needs to be presented as: 1,000,000.00

Current assets means those assets which will be converted in to cash in near future generally one…

Answered: 1. How much is the total current…

1. How much is the total current assets? 2. How much is the total non current assets? 3. How much is the total liabilities and equity?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 4PB: Bristax Corporation recorded $1,385,660 in credit sales for the year, and $732,410 in accounts...

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Question

Answer only 1 2 3

Analyze the following accounts and satisfy the requirements
given below.
Accounts payable
Accrued expenses
Accumulated depreciation
Additional paid-in capital
Allowance for doubtful accounts
Cash
Common stock (PO.20 par)
Gross accounts receivable
Gross fixed assets
Inventories
Long term debt
Net accounts receivable
Net fixed assets
Retained earnings
Short-term bank loan (notes payable)
P 39,000
8,000
51,000
86,000
2,000
23,000
45,000
40,000
486,000
54,000
210,000
38,000
435,000
138,000
24,000

REQUIREMENTS:
1. How much is the total current assets?
2. How much is the total non current assets?
3. How much is the total liabilities and equity?
4. How much is the total equity?
*Final answer needs to be rounded off to two(2) decimal
places and the format should be (X.XXX,XXX.XX) and you
need to omit the peso sign. For example your answer is one
million pesos it needs to be presented as: 1,000,000.00

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