Theone Company had the following accounts at year-end: Cash-150,000, Accounts Payable-70,000, Prepaid Expenses-35,000. Compute for the...

  

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Theone Company had the following accounts at year-end: Cash-150,000, Accounts Payable-70,000, Prepaid Expenses-35,000. Compute for the company's current assets. 3. The company's Total Liabilities and Equity amounted to P825,000. Total non- current assets ended at P 550,000. Cash totaled P50,000. Inventory amounted to Php100,000. Assuming the company had no other assets, how much are the accounts receivable? 4. Total assets amounted to P755,000. Total equity amounted to P350,000. Accounts Payable amounted to P80,000 while Unearned Income is P 85,000. Assuming there are no other current liabilities, compute for the company's non-current liabilities. 5. Cash of P100,000, Accounts Receivables of P200,000, Prepaid Expenses of P30,000.00, Equipment of P180,000, and Furniture of P20,000, How much are the total assets? Theone Company had the following accounts at year-end: Cash-150,000, Accounts Payable-70,000, Prepaid Expenses-35,000. Compute for the company's current assets. 3. The company's Total Liabilities and Equity amounted to P825,000. Total non- current assets ended at P 550,000. Cash totaled P50,000. Inventory amounted to Php100,000. Assuming the company had no other assets, how much are the accounts receivable? 4. Total assets amounted to P755,000. Total equity amounted to P350,000. Accounts Payable amounted to P80,000 while Unearned Income is P 85,000. Assuming there are no other current liabilities, compute for the company's non-current liabilities. 5. Cash of P100,000, Accounts Receivables of P200,000, Prepaid Expenses of P30,000.00, Equipment of P180,000, and Furniture of P20,000, How much are the total assets?

Answer rating: 100% (QA)

Q Theone Company had the following accounts at yearend Cash150000 Accounts Payable 70000 Prepaid Expenses 35000 Compute for the companys current assets Solution The companys current assets Cash Prepaid Expenses 150000 35000 185000 Note As accounts payable is not a current asset ... View the full answer