‘ana, 1:50 PM. Aco109-P1 quiZt ACC109-P1 QUIZ1 roca.villanueva.up@phinmaed.com Switch account ® draft saved Your email will be recorded when you submit this form * Required For this part just write the number. No units, no comma, no space, round off to whole number if there is a decimal, no Peso or other denomination sign. Example answer: 100000 or 123456. For loss, use negative sign. Example -500. Upload your solutions in as attachment in the ger. hitpssldocs.google.comvformsds/1FAlpQLSeU_nBHRWA_ZqUCmsS74_hzY Vidgz2tn.J8Viiq3pnJjoGe-gitormRespons 19‘ana, 1:50 PM. Ace:08-P1 quizs Below are the account balances prepared by the bookkeeper for 5 points ASTRAZENECA Company as of December 31, 20x1: How much is the adjusted Accounts Receivable balance, net of AFDA? * aaa “Tatas Cait 30000 Accwunts payate aoe Accoutis eesable ek 85000 Note payable 0,000 Inventory 80.000 Prepaid income tc 16.000 Prapaid arsets 10000 Investment in subsidiary 20,000 [Land hald forsale 55.000 Property, plant and 300,000 Totals 200,000 BH 000 Additional information: ~ Cash consists of the following, ‘Petty cash fund (unzeplerushed petty cash expenses, P3000), 400 Cashinbank (20,000) Payroll fund 25,000 Tax fund 14,000 ‘Cash to be contributed to a sinking fund set up for the retirement of bonds maturing on December 31, 20x3 4.000 Total Cask 30,000 ~ Checks amounting to P61,000 were written to suppliers and recorded on December 30, 2x1, resulting to abank overdraft of 720,000, The checks were malled on January 9, 20%2. ~ Accounts recelvable consists of the following: Accounis recevable 80,000 Allowance for uncollectabiity ( 10.000) ‘Ceedit balance m customers’ accounts (6000) Selling price of unsold goods sent on consignment te SFUTNIK, Inc. at 120". of cost and excluded from ASTRAZENECA’sinventory 24,000 counts receioable, net 36, ~ Theinventory includes cost of goods amounting to ?20,000 that are expected to be sold beyond ‘2monthsbut within the ordinary course of business. Also, the inventory includes cost of ‘consigned goods received on consignment from Alpha-Numerix Co. amounting to ?10,000. = Prepaid mcome tax represents excess of payments for quarterly corporate income taxes during, 20x! over the actual annual corporate income tax as of December 31, 20x. = Prepaid assets myludes.a P4,000 security deposit on an operating lease whichis expected expire on March 31, 20:3. The security deposit will be received on lease expiration. go = Theland qualified for dastification as “asset held for sale” unde: PFRS5 Non-cwrent Asseis Hela ‘or Sale and Discontinued Operations as of December 31, 0x1. = “Accounts vavable isnet of P12.000 debit balance in supoliers’ accounts. Accounts vavable hitps:idocs.google.comvformsis/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iInJ8Viiq3pnJjoGo-gormResponse 29‘ana, 1:50PM. Acc108-P1 quiz: meludes the cost of goods held on consignment from Alpha-Numenx Co. which were included. in inventory. = Tnenotes payable age dated July 1, 20x! and are due on July 1, 20x4. The notes payable bearsan annual interest rate of 10%. Interest is payable annually. 70000 Below are the account balances prepared by the bookkeeper for S points ASTRAZENECA Company as of December 31, 20x adjusted Accounts Receivable balance, net of AFDA? * jow much is the aaa “Tatas Cait 30000 Accwunts payate aoe Accoutis eesable ek 85000 Note payable 00,000 Inventory 80.000 Prepaid income tc 16.000 Prapaid arsets 10000 Investment in subsidiary 20,000 [Land hald forsale 55.000 Property, plant and 300,000 Totals 200,000 BH 000 Additional information: ~ Cash consists of the following, ‘Petty cash fund (unzeplerushed petty cash expenses, P3000), 400 Cashinbank (20,000) Payroll fund 25,000 Tax fund 14,000 ‘Cash to be contributed to a sinking fund set up for the retirement of bonds maturing on December 31, 20x3 4.000 Total Cask 30,000 ~ Checks amounting to P61,000 were written to suppliers and recorded on December 30, 2x1, resulting to abank overdraft of 720,000, The checks were malled on January 9, 20%2. ~ Accounts recelvable consists of the following: Accounis recevable 80,000 Allowance for uncollectabiity ( 10.000) ‘Ceedit balance m customers’ accounts (6000) Selling price of unsold goods sent on consignment te SFUTNIK, Inc. at 120". of cost and excluded from ASTRAZENECA’sinventory 24,000 counts receioable, net 36, ~ Theinventory includes cost of goods amounting to ?20,000 that are expected to be sold beyond ‘2monthsbut within the ordinary course of business. Also, the inventory includes cost of ‘consigned goods received on consignment from Alpha-Numerix Co. amounting to ?10,000. = Prepaid mcome tax represents excess of payments for quarterly corporate income taxes during, 20x! over the actual annual corporate income tax as of December 31, 20x. = Prepaid assets myludes.a P4,000 security deposit on an operating lease whichis expected expire on March 31, 20:3. The security deposit will be received on lease expiration. = Theland qualified for dastification as “asset held for sale” unde: PFRS5 Non-cwrent Asseis Hela ‘or Sale and Discontinued Operations as of December 31, 0x1. = “Accounts vavable isnet of P12.000 debit balance in supoliers’ accounts. Accounts vavable hitps:idocs.google.comvformsis/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iInJ8Viiq3pnJjoGo-gormResponse a9‘ana, 1:50PM. Acc108-P1 quiz: meludes the cost of goods held on consignment from Alpha-Numenx Co. which were included. in inventory. = Tnenotes payable age dated July 1, 20x! and are due on July 1, 20x4. The notes payable bearsan annual interest rate of 10%. Interest is payable annually. 70000 The records of MODERNA Co. show the following information: How much is the total distribution (selling) costs? * Interest expense 24,000 Cost of inventories sold 600,000 Insurance expense 100,000 Advertising expense 20,000 Freight-out 10,000 Freight-in 4,000 Loss on sale of equipment 2,000 Legal and other professional fees 12,000 Rent expense (one-half occupied by sales department) §,000 Sales commission expense 14,000 Doubtful accounts expense 16,000 48000 hitps:idocs.google.comvformsids/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iIn J8Vitg3pnvjoGo-gitormResponse 5 point‘ana, 1:50 PM. Ace:08-P1 quizs Below are the account balances prepared by the bookkeeper for 5 points ASTRAZENECA Company as of December 31, 20x1: How much is the adjusted Cash balance? * aaa “Tatas Cait 30000 Accwunts payate aoe Accoutis eesable ek 85000 Note payable 0,000 Inventory 80.000 Prepaid income tc 16.000 Prapaid arsets 10000 Investment in subsidiary 20,000 [Land hald forsale 55.000 Property, plant and 300,000 Totals 200,000 BH 000 Additional information: ~ Cash consists of the following, ‘Petty cash fund (unzeplerushed petty cash expenses, P3000), 400 Cashinbank (20,000) Payroll fund 25,000 Tax fund 14,000 ‘Cash to be contributed to a sinking fund set up for the retirement of bonds maturing on December 31, 20x3 4.000 Total Cask 30,000 ~ Checks amounting to P61,000 were written to suppliers and recorded on December 30, 2x1, resulting to abank overdraft of 720,000, The checks were malled on January 9, 20%2. ~ Accounts recelvable consists of the following: Accounis recevable 80,000 Allowance for uncollectabiity ( 10.000) ‘Ceedit balance m customers’ accounts (6000) Selling price of unsold goods sent on consignment te SFUTNIK, Inc. at 120". of cost and excluded from ASTRAZENECA’sinventory 24,000 counts receioable, net 36, ~ Theinventory includes cost of goods amounting to ?20,000 that are expected to be sold beyond ‘2monthsbut within the ordinary course of business. Also, the inventory includes cost of ‘consigned goods received on consignment from Alpha-Numerix Co. amounting to ?10,000. = Prepaid mcome tax represents excess of payments for quarterly corporate income taxes during, 20x! over the actual annual corporate income tax as of December 31, 20x. = Prepaid assets myludes.a P4,000 security deposit on an operating lease whichis expected expire on March 31, 20:3. The security deposit will be received on lease expiration. go = Theland qualified for dastification as “asset held for sale” unde: PFRS5 Non-cwrent Asseis Hela ‘or Sale and Discontinued Operations as of December 31, 0x1. = “Accounts vavable isnet of P12.000 debit balance in supoliers’ accounts. Accounts vavable hitps:idocs.google.comvformsis/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iInJ8Viiq3pnJjoGo-gormResponse 59‘ana, 1:50PM. Acc108-P1 quiz: meludes the cost of goods held on consignment from Alpha-Numenx Co. which were included. in inventory. = Tnenotes payable age dated July 1, 20x! and are due on July 1, 20x4. The notes payable bearsan annual interest rate of 10%. Interest is payable annually. 84000 The following items were presented for the purpose of determining 5 points comprehensive income. How much is the total comprehensive income? * Profit for the year 2,000 Increase in revaluation surplus 1,000 Remeasurements of the net defined benefit liability (asset) - loss (200) Net change in translation of foreign operation (400) Dividends declared (100) Stock rights 300 2400 hitps:idocs.google.comvformsids/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iIn J8Vitg3pnvjoGo-gitormResponse 69‘ana, 1:50 PM. Ace:08-P1 quizs Below are the account balances prepared by the bookkeeper for 5 points ASTRAZENECA Company as of December 31, 20x1: How much is the adjusted working capital? * aaa “Tatas Cait 30000 Accwunts payate aoe Accoutis eesable ek 85000 Note payable 0,000 Inventory 80.000 Prepaid income tc 16.000 Prapaid arsets 10000 Investment in subsidiary 20,000 [Land hald forsale 55.000 Property, plant and 300,000 Totals 200,000 BH 000 Additional information: ~ Cash consists of the following, ‘Petty cash fund (unzeplerushed petty cash expenses, P3000), 400 Cashinbank (20,000) Payroll fund 25,000 Tax fund 14,000 ‘Cash to be contributed to a sinking fund set up for the retirement of bonds maturing on December 31, 20x3 4.000 Total Cask 30,000 ~ Checks amounting to P61,000 were written to suppliers and recorded on December 30, 2x1, resulting to abank overdraft of 720,000, The checks were malled on January 9, 20%2. ~ Accounts recelvable consists of the following: Accounis recevable 80,000 Allowance for uncollectabiity ( 10.000) ‘Ceedit balance m customers’ accounts (6000) Selling price of unsold goods sent on consignment te SFUTNIK, Inc. at 120". of cost and excluded from ASTRAZENECA’sinventory 24,000 counts receioable, net 36, ~ Theinventory includes cost of goods amounting to ?20,000 that are expected to be sold beyond ‘2monthsbut within the ordinary course of business. Also, the inventory includes cost of ‘consigned goods received on consignment from Alpha-Numerix Co. amounting to ?10,000. = Prepaid mcome tax represents excess of payments for quarterly corporate income taxes during, 20x! over the actual annual corporate income tax as of December 31, 20x. = Prepaid assets myludes.a P4,000 security deposit on an operating lease whichis expected expire on March 31, 20:3. The security deposit will be received on lease expiration. go = Theland qualified for dastification as “asset held for sale” unde: PFRS5 Non-cwrent Asseis Hela ‘or Sale and Discontinued Operations as of December 31, 0x1. = “Accounts vavable isnet of P12.000 debit balance in supoliers’ accounts. Accounts vavable hitps:idocs.google.comvformsis/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iInJ8Viiq3pnJjoGo-gormResponse 79‘ana, 1:50PM. Acc108-P1 quiz: meludes the cost of goods held on consignment from Alpha-Numenx Co. which were included. in inventory. = Tnenotes payable age dated July 1, 20x! and are due on July 1, 20x4. The notes payable bearsan annual interest rate of 10%. Interest is payable annually. 215000 SINOVAC Co. had the following information for 20x1: How muchis the 5 points total assets as of December 31, 20x1? * ‘Accounts receivable tumover 10:1 Total assets turnover 125: Average receivables during the year 400,000 Total assets, January 1, 20x1 800,000 3200000 The records of SINOVAC Co. showed the following information: How 5 point: much is the gross profit for the year? * Increase in accounts receivable 100,000 Collections on accounts 800,000 Cash sales 120,000 Increase in inventory 40,000 Freight-in 14,000 Freight-out 13,000 Decrease in accounts payable 60,000 Disbursements for purchases 480,000 Purchase discounts 4,000 626000 hitps:idocs.google.comvformsids/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iIn J8Vitg3pnvjoGo-gitormResponse‘ana, 1:50 PM. Aco109-P1 quiZt The ledger of JANSEN SICK Co. as of December 31, 20x! includes the 5 points following: How much is the total current liabilities? * 10% Note payable 240,000 12% Note payable 120,000 14% Mortgage note payable 60,000 Interest payable - Additonal information: JANSEN Co.'s financial statements were authorized for issue on Apsil 15, 2052. - The 10% note payable is dise on July 15, 20x2 and pays semi-annual interest every July 15 and December 15. On January 28, 20x2, JANSEN Co. entered into a refinancing, agreement with a bank to refinance the entire note by issuing 3 long term obligation. The 12% note payable is due on March 1, 20x2 and pays anual interest every March 1. On January 31, 20:2, JANSEN Co, extended the matuity of the sote to March 1, 20x3 under the existing loan agreement. The extension of mnaturity dato is atthe option of JANSEN. - The 14% mortgage note is due on December 31, 209. Pee agreement with the erediter, JANSEN isto pay quacterly interests on the note, failure to do 20 will zendes the nete payable on demand. JANSEN failed to pay the 2nd to 4 quarterly interests on the note during 20x. 315000 Back Submit Clear form Never submit passwords through Google Forms. This form was created inside of Phinma Education, Report Abuse Google Forms hitps:idocs.google.comvformsids/1FAlpQLSeU_nBHRWA_ZaUCmsS74_hzYVidez2iIn J8Vitg3pnvjoGo-gitormResponse 99