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Joshua Company reported the following at Dec. 31, 2021: The following are the other relevant facts gathered from the disclosure to the report: 1. Cash
Joshua Company reported the following at Dec. 31, 2021: The following are the other relevant facts gathered from the disclosure to the report: 1. Cash includes an overdraft from Bank X amounting to P 25,000 2. Inventory includes consigned goods from an affiliate amounting to P 6582 3. Long Term loan is payable semi-annually in P50,000 installments
Debit | Credit | ||
Cash in Bank | 18,000.00 | ||
A/R | 169,303.50 | ||
Interest Receivable | 717.00 | ||
Inventory | 2,820,780.00 | ||
Trading Securities | 102,682.50 | ||
Deferred Tax | 982.50 | ||
Accounts Payable | 1,258,124.00 | ||
Interest Payable | 420.00 | ||
Other Payables | 124.50 | ||
Current Tax Payable | 363.00 | ||
Long Term Loan | 1,000,000.00 | ||
Deferred Tax | 84,621.00 | ||
Share Capital | 1,060,664.00 | ||
Retained Earnings | 417,576.00 | ||
Total | 3,112,465.50 | 3,821,892.50 |
From the given information, how much are the current and non-current assets and liabilities?
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