Problem 12 - 25

From Customers Php 2,000,000.00

From Dividends Php 300,000.00 Php 2,300,000.00

Wages Php 1,200,000.00

Insurance Php 100,000.00
Taxes Php 400,000.00 Php 1,700,000.00
Net Cash Provided A.) Php 600,000.00

Problem 12 -51 #3
Retained Earnings 2009 Php 330,000.00
Net Income 2010 Php 400,000.00
Retained Earnings 2010 Php (560,000.00)
Dividend Declared 2010 Php 170,000.00
Dividend Payable 2010 Php (70,000.00)
Dividend Paid 2010 Php 100,000.00

Cash Received from Note Payable Php 500,000.00

Cash Received from Issue of Share Capital Php 300,000.00
Dividend Paid Php (100,000.00)
Net Cash Provided D.) Php 700,000.00