Question: REQUIREMENT: Determine the total current assets at December 3 1 , 2 0 2 5 . PROBLEM G Presented below are the account balances and

REQUIREMENT:

Determine the total current assets at December

31, 2025 .

PROBLEM G Presented below are the account balances and related information on December 31, 2024 for G G Company: Cash on hand and in bank Accounts receivable Allowance for uncollectible accounts Inventories Prepaid insu rance TOTAL CURRENT Other in formation: cash balance consists Of the following Cash in bank, net Of bank overdraft Of P20,OOO maintained in a separate bank account and includes a check received from a customer that is dated January 8, 2025 Cash set aside by thc board of directors for the purchase of a plant site Petty cash (unreplenished expenses are Pl 58")) Cash in bank, for payroll 800/100 (150000) inventory includes goods held on consignment amounting to P40,OOO and "Dds Of P80,OOO received on December 31 , 2023. Neither Of the items has been recorded as a purchase. 'lhe prepaid insurance includes cash surrender value Of life insurance in the amount Of REQUIREMENT: Determine the total current assets at December 31 , 2025.

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