Problem D. Determine how much are the following from the accounting records of Seirah Supply Store: a. Salaries and wages to be paid P1,000
b. Advance payment from a client P P1,395
c. Merchandise held on consignment P10,000 and held for resale P10,345
d. Sales on credit to a customer P3,000.
e. Meralco, water, & telephone bills to be paid P1300, P500, & P1,200
f. Purchases on credit P5,000
g. Petty cash fund P5,000, bills and coins, P9,535, cash on drawer P8,535
h. Machinery & equipment P10,000 with accumulated depreciation P250
i. Savings account in S Bank P15,000 and checking account in Z Bank P6,465.
j. Receivable from a customer supported by a promissory note P2,575
k. Furniture & fixtures P20,000 with accumulated depreciation P250
l. Payable to a supplier evidence by a promissory note P3,110
m. Loans from a bank with terms of 3 years, P23,000
Determine how much are the following:
1. Current Assets?
2. Non-current Assets?
3. Current Liabilities?
4. Non-current Liabilities?
5. Seirah, Capital or Equity?​