In connection with your audit of the Pagadian Co., for the year 2020, you were able to gather the following accounts are from the unadjusted trial balance of the company on December 31, 2020:

Cash 170,000 Accounts receivable 525,000 Allowance for bad debts 4.000 Notes receivable 180,000 Prepaid rent expense 10,000 Trading securities 150,000 Merchandise inventory 450.000 Accounts payable 242,500 Note payable 100,000 Accrued expenses 22,000 Bonds payable (due semi-annually in June and December at P30,000) 300.000 Income tax payable 30,000 SSS and HDMF premiums payable 12,000 Withholding tax payable 9.000 Mortgage payable, due July 31, 2022 200,000 Contingent liability 80,000 Additional information: . Cash consists of: Cash in bank per bank statement (outstanding checks, P12,000) 167,000 Petty cash, including unreplenished petty cash expense vouchers of P150) 500 Customer's advance deposits in check dated January 15, 2021 2.500 170,000