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    Mycs Miguel
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    1ACT1

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    3 views2 pages

    Case Analysis

    Uploaded by

    Mycs Miguel

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    Myca Angeles

    CASE ANALYSIS
    BSA501

    CASE 1 Tim Corporation CASE 2 Patrick Company

    Solution Solution
    Purchases, Accrual 3,200,000 Rental Income, 2X20 Accrual
    Accounts Payable, December 31, 2X19 900,000 Unearned rental income, January 1, 2X20
    Accounts Payable, December 31, 2X20 -1,250,000 Unearned rental income, December 31, 2X20
    Purchases, Cash Basis 2,850,000 Accrued rental income, January 1, 2X20
    Accrued rental income, December 31, 2X20
    Rental Income, Cash Basis

    CASE 3 Don Mario Company

    Solution
    Royalties Expense, Accrual 375,000
    Royalties Payable, 2X19 75,000
    Royalties Payable, 2X20 -90,000
    Prepaid Royalties, 2X19 -60,000
    Royalty Expense 300,000
    600,000
    ome, January 1, 2X20 -50,000
    ome, December 31, 2X20 75,000
    me, January 1, 2X20 30,000
    me, December 31, 2X20 -40,000
    615,000

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