WebAnswer: 6,050,000 Problem: Burma Company Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit balances in suppliers’ accounts amounting to P100,000 Accrued expenses Credit balances of customers’ accounts Share dividend payable Claims for increase in wages and … WebAn analysis of Burma Company’s liabilities disclosed the following. Accounts payable, after deducting debit balances In suppliers’ accounts amounting to P100,000 4,000, Accrued expenses 1,500, Credit balances of customers’ accounts 500, Stock dividend payable 1,000, Claims for increase in wages and allowance by Employees of the company ...
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WebFeb 1, 2024 · a. 3,500,000 b. 3,000,000 C. 1,500,000 d. 2,500,000 Problem 1-13 (AICPA Adapted) On December 31, 2024, Largo Company had a P750,000 note payable outstanding due July 31, 2024. The entity planned to refinance the note by issuing long-term bonds. Because the entity temporarily had excess cash, it prepaid P250,000 of the note … WebFeb 22, 2024 · solve and show your solution 4,000,000 Problem 1-8 (IAA) Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 Accrued... Posted 2 years ago View Answer Q:
WebBusiness Accounting The following are the changes in the accounts of BT21 Co. during the period: · Accounts receivable- P240,000 increase · Prepaid assets- P600,000 increase · Inventory- P1,500,000 decrease · Notes payable- P800,000 decrease Additional information: During the year, BT21 Co. obtained a bank loan of P2,000,000 and paid interest of … WebQ: Burma Company disclosed the following information about liabilities at year-end: Accounts payable,… A: Current liabilities: The obligations owed by a company to …
WebBurma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 = … WebFor more than two decades, Burma Superstar family of restaurants have set and upheld the highest standards of Burmese culinary excellence and cultural diversity, introducing the bold flavors of Burma (Myanmar) to …
WebThe answer has been p …. 4,000,000 Problem 1-8 (IAA) Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit …
WebDec 31, 2024 · Burma Company disclosed the following information about liabilities at year-end: SUGGESTED ANSWERS Accounts payable, after deducting debit balances in suppliers' accounts A/P net of debit bal. of supplier 4,000,000 amounting to P100,000 = 4,000,000; Accrued expenses = 1,500,000; Credit Add back: Debit bal. of suppliers' … greenville nh to ayer maWebBurma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 = 4,000,000; Accrued expenses = 1,500,000; Credit balances of customers' accounts = 500,000; Share dividend payable = 1,000,000; Claims for increase in wages and … greenville nh tax cardsWebDec 31, 2024 · Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deductingdebit balances in suppliers' accounts. … fnf starshineWebBurma Companies Act, the High Court of Judicature at Rangoon makes the following rules concerning matters mentioned in the aforesaid section of the said Act:- Preliminary 1. … greenville new york restaurantsWebCheck of Sim Company charged by bank against Sam account 150, Customer note collected by bank in favor of Sam Company. Face 400, Interest 40, Total 440, Collection fee 5, Total 435, Erroneous debit memo of December 28, to charge Sam account with settlement of bank loan 200, Deposit of Sim Company credited to Sam account 300, greenville north carolina children\u0027s hospitalWebJan 18, 2024 · Born in 1965, Katherine Gray attended the Rhode Island School of Design and the Ontario College of Art, in Toronto, Canada. A huge proponent of handiwork and … greenville nh public libraryWebJan 20, 2024 · 4,000,000 Problem 1-8 (IAA) Burma Company disclosed the following information about liabilities at year-end: Accounts payable, after deducting debit … greenville new york university