Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help me please thank you 22) The following information pertains to Malabon Company as at September 30, 2022: Note payable - bank, P3,500 Accounts payable

help me please thank you
image text in transcribed
22) The following information pertains to Malabon Company as at September 30, 2022: Note payable - bank, P3,500 Accounts payable arising from purchase of goods, P112,500 Dividends in arrears on preference shares, not yet declared, P25,000 Share dividends payable, P20,000 Income tax payable, P13,400 Accrued liabilities, P4,200 Mortgage payable, P225,000 Customers' deposit, P8,900 Reserve for contingencies, P25,000 Based on the above date, what is the total amount of actual liabilities to be reported on the balance sheet of September 30, 2022? A. 367,500 B. 297,500 C. 437,500 D. 142,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Reward And Benefits Audit

Authors: Michael Armstrong

1st Edition

1907766081, 978-1907766084

More Books

Students also viewed these Accounting questions