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Please help.. theres no choices on no 38.. its okay if mo explanation Q2 Quarterly Examination: Attempt 1 MARKJIN MERCHANDISING had the following information relating

Please help.. theres no choices on no 38.. its okay if mo explanation

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Q2 Quarterly Examination: Attempt 1 MARKJIN MERCHANDISING had the following information relating to his business on December 31, 2019: Cash, P500,000; A/R, P200,000; Supplies, P30,000; A/P, P100,000; Loans Payable, P200,000; Land, P1,000,000; Building, P750,000; and Notes Receivable, P6,000,000. Payments for the Notes receivable are to be made equally amounting to P2,000,000 every 3 years starting December 31, 2020, in addition, an interest of 2.5% is also to be received 10 days after year-end. How much is MARKJIN MERCHANDISING's current assets on December 31, 2019? A P 10,255,000 B P 2,730,000 C P 2,880,000 D P 7,880,000 Question 38 1 Point The following was taken from the 2020 financial statements of PSYCHO SOTY Accounts receivable, Jan 1 - P216,000; Accounts receivable, Dec 31 - P304,000; Cash sales and credit sales - P4,380,000; Bad debts expense - P10,000 (no accounts receivable were written-off or recovered during the year.) How much is the cash collected from PSYCHO SOTY customers during 2020? 103 minutes remaining Lost saved 11:15:38 AM Save and Close Submit

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