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help please. Identifying the curent and noncurrent assets and liabilities An entity has the following assets and liabilities below. Illustrates current and noncurrent assets and
help please. Identifying the curent and noncurrent assets and liabilities
An entity has the following assets and liabilities below. Illustrates current and noncurrent assets and current and noncurrent liabilities by identifying the current and noncurrent assets and liabilities. Cash P 10,000 Accounts receivable 20,000 Notes receivable (nontrade) - P30,000 due within 1 year 50,000 Inventory 65,000 Prepaid supplies 5,000 Land 100,000 Building 400,000 Accumulated depreciation (120,000) Accounts payable P30,000 Accounts payable (nontrade) - P 100,000 due within 1 year 500,000 Rent payable (due within 1 yr) 10,000 Utilities payable 5,000 Interest payable 100,000 Salaries payable 400,000 Unearned income 120,000
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