Malley Corporation provided the following information on December 31, 2020: Employees income taxes withheld P...
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Accounting
Malley Corporation provided the following information on December 31, 2020:
Employees income taxes withheld P 900,000
Cash Balance in AAA State Bank 3,500,000
Cash overdraft at BBB State Bank 1,200,000
Accounts Receivable with credit Balance 750,000
Estimated expenses of meeting warranteies 600,000
Estimated damages as a result of unsatisfactory performance
On a contract 1,400,000
Accounts Payable 2,500,000
Current Liabilities at year End ____________________________
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