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    Castor_ACTGFR Chapter 9

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    2 views13 pages

    Castor - ACTGFR Chapter 9

    Uploaded by

    CASTOR, Vincent Paul

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 13
    ACTLER Problem $=] _ FUNcrowa KA Company be ______heeme Stayement pi | For the year aed December 21, 290° Ne Sales O) ; F 1, 100,00 - gp / {Gocrof nds Sold 2) = CE, 0,00.) " Laross \nuome P21 ow. _ Other Income (3) 400 pm. ® pial Income $3 190,00 _Expetses. Disiipynon Costs () PAX og). 7 1 Niniristrotive Zigoncgs (s)__ $b 2ed- a | Other Siyenes (0) {1,00 __ 2.4 hp 000 - | \ncone BebreTon a Fu 0. © |_Ineate Tox Zrpense a 250 0.0) Nak neo i [ey op po “| i =a WWD Costof aoats St Note f= Nek sale orcs Giles F180 00.0 face hwy Jat — Fanon. Sales Return and Mloniances (180,000) Pekar Ft Sdes Discounts 10,0) atten yh “Ne Ges PT, 700,000. _| “Hal J ee Vee Piha gd Anus (58-0) 0) iNoke 3- OfwerIyome ede Discounts _ (to. F590 e-_ Rental Inome P29, | Gated Fo 00-0 Dividend Rognve 10 e loves C1 58) ie | Ceeftante Sid FSo0,G0. 00 Noke. 4 - Didbution sts Note, & ~Adminictratt w¢ expenses Freight out e _ N80: o OReer's Galories FM P-0 Gakearnan's Conmgion (Mon ue OR Fay 2M OA (ho a ipnatt _ PPD “> h Dearoctation ~Ctre, Eepipnatt _1 26,00. 0 a $200,080 “ota ei 746 00)- { Note @ - Ota Expenses S - : oe Z log tn She of Rima $ OPW SES ca 1x on Shoot Investing 900-0 Ae Finone a Nigay. Karta Compary cos hong Stopemorh os ST = Turse yore tee 520% = —— 1 Ti, : eee Tyee ; # 7,700,060 0 Other Income (2) - a = 6 0o).00 paloma os £8,100, 000-0 | | Bxpenges « E aa {Increase in iiertpry (10,00 .00) Nek Pivchdses_ (4) S0,00 0 Employee, Benefit Cars (2) 0 +h Satestren's Commision 480,000“ Fright oot LEO. C Degradation pense.) 08,00 . Other pases GD P 6, G50, dag - Income Refure Tor = £1, 290,000 © | Invome Tux eApone i Asp, 000 - Nel Inwme Percale (P0000, a aes Hobe 1.- Nek Gdles he eee GrosGes 7, $m, 00-4 | Nobe 2 = Other [qyome _ ‘alc Retyen and aiowaiaos. (140,000.05) | Renta ncone ___P 25b, Se iccoms (110) | Dividend Reve _ : WeGier PI OW. | Mad Paoow- = eke $= Increase in Inverrory | Tell Ingyose PW. Car: NBD anes 2 (Herddise inathny ~deaberal F830 0) Mechunde f ey Janay! _(1, 00.18) a ___ Mya 0 x Widwreferyaiod ——_C_ 180,080 09) — [Ritthate picounis (0,000 0) Go 000-0 Noes emplee Bach tots _| Note Go-Depecatit es? nee Offeets'Glavigs Pgw,06- _| Pepreciotion ~ Sore Layi pment Flsgpm.0 fae Depreciation ~ Ksotyinat 58. S000 th Mal 405,00. Note 7- Gfher Bapenses (os on Gke &Ryipna F MPH b> Lacs aasae & Invent tS) _ hl 3(,ob-tb RCIGER Preble) 4-2 Masay Company Giakonent of Coct sf Gude Manufacyred For the yer ened Der - 3, 2600 Baw Materials -Jan. 4 F 20,09.) ek Ayrchases 308 od) Td Payer al Nailatie-, Ise F3.U, 00) 0 Raw Materials - Der, 3) = (22H -©) Direct Matatals Pees. 92400,00 DING Ybor “ 40,000. Faery Overhead C+) 120,00 Thich Notutaduing Csr 24 440,00. Gmds in P rogece -San 4 ot 290,000. Wal Gst of Gnds Mies PS, 130,00. Gand in tracers - bec C noe.) Nal st of gauds Mantactuned Coredote 1) __ P1960, 000-0 (Dat: Note 4 = Footy Overhead Andityd Labor P2000. Suyerintendence, 10, 000- Uh, Heatand favor 220,00 - wy Rant Factory Building !20,00 - Repair and Moittenance - Wachitay 0,00): 0 Fachoy Complies ved H0,09 «eo | Dareciaticn = Madhiney (9,06 Wal Fito 0d-p Cost of Gms Sold Netied : a Masoy Company Inome Gakement Forte ear ended Dec-31,2020 Yok sates C4) “ F.7/480,00) - uo Costof Ginds Sad (2) 2 (5, 120,00. Grose Income ? 2 35000. Other Income (3) L610 -@ ‘Tod Income am B 2,540,000 SHpenses Dicdouhon @s @) P5000. Amini drone tapaues (8) 44990-19 Ciherpapatses (6) 3 OB. F \ 120,000 Incone BotoeeVox is F_ $20,000 (3290-1 inom 270) DO. se |P s00,00: @ | ———— Ye [none \ NO = me LDATE: ee Nobe 4 = Nak Sales ; Neke 2 - Cost of Gos Sold Sakes © 7,500 po-fo [Finished Gas an-4 F300). Saiee Retyin and Mlowanos ——_Sh08-_[Gstoftamts Nanwfadurd ‘bial P 2)o,00 ee ‘Dyn $930,000 o lite S-aminitrofve oqes _| Hohe. 6 = Choy aponces [an Office Glariec P om. to | Eotthquake boss Pm 00 -0 Dgecatiarofie avignat $900 - caer ete hctountig afd (gaa) Res [H,on-H Office Bnonses 290,0 f0-th Dia P S40, 00.0 Nain of pq: Nasoy Company Ictmg Sagara sek For the Year bivked Dec 3),d020 Nek Gales 4) 27,450 00.0 Of Inone (2) 210,00 ‘al Income F740 00 -O panes: Daawase.in nen ory C5) F_bopw- Gains Natufactned (#) S40 00 Employoe Fonoht Cutts () Sr,000 “0 Adoring {9,000 «a0 Seivery pense 20,20 th Deatocigtn (6) {10,000 - 00 Fewountig afd legal Fees {S0,00- 0) Office tenses 2060.0 Gthartxpanses C1) 3o,n0) 00 P4840, om - Income Before ox i 920, 0 - > Ine Expense (320,00. Nor Inome [FF 0,00. tb | => =] Note 4- Net Sales Noe 2= Other (none. Gnss Sates P 7,6, 000 | intent ame. #100 dw 6220-1) _| Gino adesSEqionay 10, 60_-w PAGO. Goin dvn'yp aan tet 10, 000. Ltt 20,06. Nobo J- Decrease in Inventory Fiche Ges - Ded) 3,000.0 Finished Gendc- an 4 (400,000. t) ‘pia pecense _—_*F (&,060 ©) maa [OxEeea | Noye 4 finds manufactured _| Note 5 Einplojae Bon tit Costs Fou) Mabestals Sand PAW, 00 | ules sataries = PYW ow -p NO Purchases 3,00 01h Wo | Office Salaries LS) 090. Raw _Matenats-decs) ——_(-280,000- 0) | yten Pon e Dined_Labor Fe, 009-0 ==. Facoy Overhead [120,00: 6 | Noke 6- Depreciation Gans in Process -an-4 2HD OO Depreciation ~ Shro Eqipnent F 10,00 © Gmc in Imes Ded} C170 0-0) Depreiation - Utice pippat $0,000 -0 Ta) F5.06000-00 | Thal £h2,0 ou Ho}e 7 = Other Sepenses . Earthquake Lns« 2.30 th- | ACER Problem 9-3 [pate Grigian Company Income Gatsemont For the Year Ended Pec: 3), 206 | Nek Sates ¥ $000 9000 0 Goato§ Gente Cos (8,160,500) Gross \nconte E. 2,400.00 ob Expenses : Se Distibution Core F800 000.» Aaninishatve Gpewes) 130,00) ? 1 736,80. Income, Bofyre Tax = $100. Incom “tax. ExRence (12,00) 0) NEF Income. Hu ey: Om \_ SSS Coot of Code Manufactured * flaw Nakenals F Coon mr) _ Prctags P 160,00 _ Tight In oo - | 60,000. 00 Directions PL St.00 Direct Labor 1, $80,900 Foctnty Overhead 4) 1,28 of) 0 Dal Manwtacuning Cost 24 4 10,00 Gort In Pres Fo 00. Corr of Gods Nanufactdted Zh WO 00-1 |hone Catena Notes : - Nore A= Cart of Camis Soc Cast of Gands Manusacned 4,40 vt Finished Gacs 20 0a -% ‘Wo! P5126 00 156 ph Note 3 Niminictratime EXpenes Office Sano ies apee_ 30,000 Note 2 -Dishibutrom Costs Sdes Coanios P00. dwar Hsing 120>-0 Delivery ype _ [e0,000- ‘THe Leh 3a oe o ' Ohi Galaries GO 0-8 Doubtful Accounts —_| 00 0® . ‘rial 9 430,00 Cost of Gods Manutadwied Woses : Note A= Fadory Oierhead Indirect (olor Pm, 000-6 peed Mohn 9,00. Factony Tae }30,000- Factory Supplies Tipave [2900 .% Tadoy Soerimavsnce 460 ed gp Facbry joainkaate 180, ta). Facto ReotUidht, abi 220 uH)-1 Ye) PL, 0m P2000 = AGHA Problem OH Bona Company Income Catan ont Tor the Year Ended Voc. 31,2020 Nebsaes Fo ,990 00) - Ov Gof Gads Gold @) & 400,00 - @) _Grmg |ncome P [160 0m - 1p Otrer Infom~ C3) = Ieo,0 0. Thal (none - 71,740, 00 «ie Spencer ! . ‘Dishinution Gs P Lm 0. ob Adminis Hotive Bgaves 240000: tb 500 <0 {nome Bore tax - 2), 20,000 Income TOA TARLe “Qt, om 0) Ne Income, | \P 0 ofa) (ext of Gods Manutado ed = Faw Materials - Jan 4 P| 120,00. 0 Net Porchaves (4) 1, S00) ow Materials Availgnte for tee 2,490,000 -f Raw Makalale Dec 31 (1,740,000) Dincrnatalale PI Boo, 00.00 Vinod door 2, 000,00 00 _Tachty Overhead (2) 2. 106,00 - 0 ‘tal inating ( Pasi0n Goode 19 Frocess~Jan-) 0,00 ‘Pha Cech ohn in Prasese F Tg 00-0 Gtk ig Pres -pec.2) C 82,00 -0) (Cat oF Gat Mavofee red f SSH 0a) ch

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