Reference no: EM132629911
Question - Krizia Corporation provided the following information on December 31, 2019.
Accounts receivable, net of credit balances in customers' account of P25,000 P345,800
Merchandise inventory, excluding goods of P50,000 received on December 31, 2019 but unrecorded as a purchase 700,980
Gift certificates payable 12,500
Serial bonds payable in semiannual installment of P100,000 800,000
Rent received in advance 15,000
Notes payable, including bank loan of P30,000 due on December 31, 2025 940,000
Notes receivable discounted 13,450
Prepaid expenses 5,600
Required - Compute the Total current liabilities and Total long term liabilities?
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