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What amount should be shown as total current assets en dec

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Reference no: EM132979495

The account balance shown below were gathered from Ermalyn Company's trat balance on December 31, 2020

Wages payable P250,000

Cash P1,180,000

Mortgage payable 700,0000

Dividends payable P200.000

Prepaid rent P120,000

Inventory P500,000

Taxes payable P180,000

Accounts receivable 350,000

Accounts payable 376,000

Short-term investment 128,000

Question 1: What amount should be shown as total current assets en December 31, 2020

Reference no: EM132979495

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