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Compute the beginning cash balance

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Question - Refer to the following data of SG Company:

Assets to be realized 1,375,000

Liabilities liquidated 1,875,000

Assets acquired 825,000

Liabilities not liquidated 1,700,000

Assets realized 1,200,000

Liabilities to be liquidated 2,250,000

Assets not realized 1,375,000

Supplementary charges 3,125,000

Liabilities assumed 1,625,000

Supplementary credits 2,800,000

Required - Compute the beginning cash balance assuming that the ending balance of ordinary share and retained earnings are P1,200,000 and (400,000), respectively.

Reference no: EM133187377

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