Additional Information:

3,845,000

Cash and Cash

Equivalents

10% Cumulative Preference Share Capital 1,000,000

Accounts Payable 60,000
Accounts Receivable 150,000
Accrued Expenses 147,000
Accrued Pension 1,000,000
Actuarial Loss 600,000
Advances from Customers 360,000
Advances to Affiliates 400,000
Advances to Suppliers 80,000
Bonds Payable 1,000,000
Cash in Bank - BDO 1,075,000 1,075,000
Cash in Bank - BPI 950,000 950,000
Cash in Bank - Metrobank 1,200,000
Cash in Bank - Security Bank 1,500,000 1,500,000
Computer Software 150,000
Current Tax Liability 185,000
Deferred Tax Asset 250,000
Deferred Tax Liability 350,000
Discount on Notes Payable 25,000
Estimated Decommissioning Liability 885,000
Estimated Premiums Liability 190,000
Estimated Warranty Liability 250,000
Factory Building 850,000
Factory Equipment 650,000
Factory Supplies Inventory 70,000
Financial Assets at FVOCI 350,000
Financial Assets at FVPL 150,000
Finished Goods Inventory 270,000
Investment in Associate 850,000
Land for Idle Use 1,800,000
Land Held for Sale 1,350,000
Land Used in Agricultural Activity 1,500,000
Liabilities Held for Sale 750,000
Loans Payable 1,500,000
Mango Fruit 170,000
Mango Trees 450,000
Merchandise Inventory 180,000
Mortgage Payable 1,100,000
Notes Payable 650,000
Office Building 700,000
Office Equipment 600,000
 Office Supplies Inventory 90,000
Ordinary Share Capital 3,000,000
Ordinary Share Premium 150,000
Pagibig Payable 110,000
Petty Cash Fund 20,000 20,000
Philhealth Payable 115,000
Preference Share Premium 200,000
Premium on Bonds Payable 75,000
Raw Materials Inventory 780,000
Retained Earnings 3,820,000
Revaluation Surplus 750,000
Salaries Payable 340,000
SSS Payable 123,000
Subscribed Ordinary Share Capital 750,000
Subscription Receivable 300,000
Trade Notes Receivable 125,000
Trademark 50,000
Treasury Bills 300,000 300,000
Treasury Shares 350,000
Unrealized Gains on Financial Assets at FVOCI 550,000
VAT Payable 175,000
Withholding Taxes Payable 135,000
Work in Progress Inventory 440,000

Additional Information:
The company is engaged in merchandising, manufacturing and agricultural activity.
Cash in Bank - BDO is used in payment of bonds payable maturing on June 30, 2024.
Cash in Bank - Metrobank is restricted for acquisition of plant facility in 2025.
Treasury bills are purchased on November 1, 2023 maturing on January 31, 2024.
Accounts Receivable includes P5,000 credit balances from one of its customers.
Accounts Payable excludes P10,000 debit balances from one of its suppliers, included in the Accounts Receivable ledger balan
Notes Payable is to be paid in lump-sum on December 31, 2025.
Subscriptions on ordinary shares are expected to be settled on July 1, 2024.
Treasury Shares are measured at cost.
Appropriations for plant expansion and bond sinking fund are to be established.
 660,000 1,840,000 4,750,000 8,005,000 5,050,000 4,020,000
Total
Trade and Other Property, Plant Total Current Total Current
Inventories Noncurrent
Receivables and Equipment Assets Liabilities
Assets

65,000
155,000 155,000
147,000

360,000
400,000
80,000 80,000
1,000,000
1,075,000
950,000
1,200,000
1,500,000
150,000
185,000
250,000

190,000
250,000
850,000
650,000
70,000
350,000
150,000
270,000 270,000
850,000
1,800,000
1,350,000
1,500,000
750,000

170,000 170,000
450,000
180,000 180,000

700,000
600,000
 90,000

110,000
20,000
115,000

75,000
780,000 780,000

340,000
123,000

300,000 300,000
125,000 125,000
50,000
300,000

175,000
135,000
440,000 440,000

n the Accounts Receivable ledger balance.

 5,460,000 5,100,000 2,625,000 1,195,000 700,000 9,270,000
Total Appropriated Unappropriated Total Other Total
Contributed
Noncurrent Retained Retained Comprehensive Shareholders'
Capital
Liabilities Earnings Earnings Income Equity
1,000,000 1,000,000

1,000,000
- 600,000 - 600,000

1,075,000 - 1,075,000

1,200,000 - 1,200,000

350,000
- 25,000
885,000

1,500,000

1,100,000
650,000
3,000,000 3,000,000
150,000 150,000

200,000 200,000

3,820,000 3,820,000
750,000 750,000

750,000 750,000

350,000 - 350,000 - 350,000

550,000 550,000
17,800,000 8,530,000 17,800,000 -

Total
Total Assets
Liabilities

65,000
150,000
147,000

360,000
400,000
80,000
1,000,000
1,075,000
950,000
1,200,000
1,500,000
150,000
185,000
250,000
350,000
25,000
885,000
190,000
250,000
850,000
650,000
70,000
350,000
150,000
270,000
850,000
1,800,000
1,350,000
1,500,000
750,000
1,500,000
170,000
450,000
180,000
1,100,000
650,000
700,000
600,000
 90,000

110,000
20,000
115,000

75,000
780,000

340,000
123,000

300,000
125,000
50,000
300,000

175,000
135,000
440,000