REQUIREMENT:

Determine the correct amount of each current asset account.

PROBLEM J REQUIREMEVI': Determine the company's working capital at December 31 , 2024. Your review Of the ledger Of JJ C.ornpany at December 31 , 2024 reveals the following Amounts due from customers for future plant site Amounts duc to suppliers Income taxes owed BIR Citibank current account Advances from Customers Accrued interest on bonds payable Sinking fund for bond retirement Allo wancc for uncollectible accounts Provision for aparmnties Inventories including office supplies Of Deferred tax liability, expected to reverse in 2025 148,000 1,350/110 124/100 150/100 12.01K) 221