1. ATOM Inc.

cash overdraft 80,000.00

N/P 400,000.00
A/P 680,000.00
Salaries payable 400,000.00
customer's accounts with credit balances 25,000.00
estimated premium claims outstanding 90,000.00
estimated warranty payable 50,000.00
employees income tax payable 100,000.00
income tax payable 400,000.00
Current liabilities 2,225,000.00

2-3 ARAULLO Corp.

Discounts on 2020 purchase 80,000.00

discount taken 32,000.00
discount available in A/P bal. 8,000.00 40,000.00
Purchase discount lost 40,000.00