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    Book Valassets Realizablavailable For Unsecured Creditors

    Uploaded by

    Fernando III Perez
    Karla Company took out a ₱15 million mortgage from Sagada Rural Bank to purchase a building for ₱20 million. Interest on the mortgage was ₱90,000. Karla Company later sold the building for ₱18 million. Additional interest due on the mortgage was ₱200,000. After payments and deductions, Karla Company had ₱60,600 available for unsecured creditors.

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    Book Valassets Realizablavailable For Unsecured Creditors

    Uploaded by

    Fernando III Perez
    15 views2 pages
    Karla Company took out a ₱15 million mortgage from Sagada Rural Bank to purchase a building for ₱20 million. Interest on the mortgage was ₱90,000. Karla Company later sold the building for ₱18 million. Additional interest due on the mortgage was ₱200,000. After payments and deductions, Karla Company had ₱60,600 available for unsecured creditors.

    Original Title

    MIDTERMS PART 1

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    Karla Company took out a ₱15 million mortgage from Sagada Rural Bank to purchase a building for ₱20 million. Interest on the mortgage was ₱90,000. Karla Company later sold the building for ₱18 million. Additional interest due on the mortgage was ₱200,000. After payments and deductions, Karla Company had ₱60,600 available for unsecured creditors.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    15 views2 pages

    Book Valassets Realizablavailable For Unsecured Creditors

    Uploaded by

    Fernando III Perez
    Karla Company took out a ₱15 million mortgage from Sagada Rural Bank to purchase a building for ₱20 million. Interest on the mortgage was ₱90,000. Karla Company later sold the building for ₱18 million. Additional interest due on the mortgage was ₱200,000. After payments and deductions, Karla Company had ₱60,600 available for unsecured creditors.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 2

    KARLA COMPANY

    SAGADA RURAL BANK MORTGAGE ₱ 15,000,000.00


    BUILDING ₱ 20,000,000.00 ₱ 18,000,000.00
    INTEREST ₱ 90,000.00
    SOLD BUILDING ₱ 18,000,000.00
    INTEREST DUE ON THE MORTGAGE ₱ 200,000.00

    ₱ 160,000.00

    ₱ 85,000.00 ₱ 204,000.00
    A C ₱ 70,000.00 ₱ 42,000.00
    10000 ₱ 2,000.00 ₱ 12,100.00
    ₱ 1,500.00
    ₱ 35,000.00
    4000 ₱ 4,000.00
    - ₱ 197,500.00 ₱ 258,100.00
    2000 ₱ 60,600

    B JO CASH
    150000

    -4000
    -15000
    20000

    JO OPERATIONS

    2000

    BOOK VALASSETS REALIZABLAVAILABLE FOR UNSECURED CREDITORS


    ASSETS PLEDGED WITH FULLY SECURED CREDITORS

    ASSETS PLEDGED WITH PARTIALLY SECURED CREDITORS

    FREE ASSETS
    1
    1
    2

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