Debtors-15000 (2 months) Cash-25000 Cash at bank-16500 Prepaid rent (paid quarterly)-8000 Raw material-12000 Finished goods-13100 Creditors of suppliers-16000 (12 weeks) Wages outstanding-8000 (24 weeks) Expense due (20 weeks)-5000 The organisation wants to maintain a margin of 10% reserve in order to meet any contingency arises in the future. Assume 52 weeks in a year.

Debtors-15000 (2 months) Cash-25000 Cash at bank-16500 Prepaid rent (paid quarterly)-8000 Raw material-12000 Finished goods-13100 Creditors of suppliers-16000 (12 weeks) Wages outstanding-8000 (24 weeks) Expense due (20 weeks)-5000 The organisation wants to maintain a margin of 10% reserve in order to meet any contingency arises in the future. Assume 52 weeks in a year.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1PB: Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at...

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