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Answers (6) ‘Anctaaionctroréuncabe dest pon000l 1) S00 Supples renionsruay 1.200900 Total enalrevinue rT ‘Supple tent -Decenber 31 “som ‘Dereaeln supple ery man 55 Anowers ‘Aecours ecole. Decent 31,2073 00000 Scanned with CamScannerToa Les: Ont cece Relaed earings -Decenber31 im ‘The begining Place cf etaned eamingsis "squeezed by wring beck ome endng earce Tot sharchokaeaty -Dscenber 3 Less shive cata ‘3000000 ‘Share prenum r easuy shares 300000 etared earings -Decanber 31 answers (0. ‘Srareholir equ (3.000000) 150%) Las: Conte capt 000 000+ 500.900) Fetaod earings: Deorbe31 Retaod earings- Januar (SQUEEZE) Nebose Divdends dere Retand earings -Decenber31 ‘Aasneris(C Retabedeamings ~ 1 soueze) Prorperodasnent ‘Oreste of 203Imenny Cconecedbegnnegbalance 2 Netincore Toa Lest: Onidends declares Relaedeamgs 1231 (4000000-3,000000) answers. Efecton ety Ineease i ascts Decreasein ities Netocreasen eouty Shareolsr equly-besining Sharhades oly - end 230000 son 000000 aa T0000 0.000 ima 20000 2am 1340000 2oa0a00 acum increase nasetwilerease equ and decrease in asst wl dense eM) Unease nail wl decrease ely and oceaseinkbily wna egy. nner (0) ‘exons payatie- Deventer Payments ade credo: ‘elt pcos Answers B). ‘exons payatle- December Poymens 9 toe costes. Tom nner (Cash Jaruty (neste) ovens o AR 2.80 100-600. 000) ‘ome Les: Payment acu payee Payment expenses (cath Deoember3t Answer). Sales Coste Sak: Purchases etna rvertery- 1261 queee) Gresiass Expenses Nets amt) ‘The ening merchandise venir “squezat by working beck tin ene ss of soon Answer) (Casi bark pa bock ust css, Deja een rk Cosnontanc Toiacash -Decerbor31.2019 pcteses Less: Unagustoddeb balance ct merchard acount Saks 2900000 2rsn000 009) 730000 owa.ano ome 750900 oun 2rom0 ‘Zoi00 om 2.000000 1450000 ‘co 2sanan0 om 2050000 amon (250.000 fiery EERE Scanned with CamScanner50, Anoweris(C. inal eashinveetent Precessctioan Cellectens.o ecounsrecohabe (SQUEEZE) “ota depots Cistomar dost ‘Glectens of ecountsraceabe (SQUEEZE) Toa Deturserent mash ‘Cash on Ferd -Decambe: 31.2013, ‘Aecoutsocarabie-Decenber 312013, ‘Clecten cesta Calectens 0 deposits Tata sles 5. Anower's(C ‘Tol depots “os detusents in chek (GQUEEZE) (Cash tak Decent 31, 2013, Paymentotoan ireston loan Paymerterequen! Iresionequpert Payment of accourispyate (SQUEEZE) Ta dtuserents che ‘Accounts payale December 31,2013 Paymento arcounispayatie. Tota pases 32, Anne's (8 ‘ales Cestotsls: Pucases Invern -December3t, 2013, ‘Grossincene Expenses vines 3.08 000 gssam0) 100,900 70.000, 0.000 700 75.000 “ov o00 20000 3.500000 125.000 4900000 anon 170000 sales Suppies Toes Dov accounts Deprecaton lng Depresaion- equprert ona00 175900 25000 soon0 asanaens) 300000 f4o0.00/5) s0.00 Inoestexpence (eson0 +5000) nang Netieame 38. Anoweris can ‘ezourts readable ‘Aowance fo cot accounts Inventory Gna Bulag ‘ccumated cepecaton bude Eaument ‘Accumulated epeoton -ecuprent Taal asses Uses Sharealerseouty Toa ables and Shareheies equy A. Anowers (8 ‘courts pele Laan payate bank (90.00 125.000) Customs epost Tolatabites| 35, Answers (C ‘Shar cai Share pein Rened camngs Tal reraces eqaty Netcom Dhicerdspad (8000010) (300 000-6.000.000) 80.000 75000 000000 00000, ss0.000 om 800000 ssa.) a Scanned with CamScannerses -casnbass Decun ecn i - Decent 31, 2013 Deru etal -donay 12043, Sues- accruals 9, nove) ras can as exc pyar 312013 fez ayy 128 Pct aera ase Iya Ire -Dembs 3 Crstraae-earaons 50 Anwar (0. Saree Papodiaces inewance Rent ales Doub arouns Dopeiaton Leas fomlansut Tela omparses Saari er took Less Dravogs aoa x12) ‘asd sales Exproganeuttonpovousasicy Erpredaneutton ew poy inavance Dopeitoner ase provonenl 00005 40002) 81, ware) ‘aes Cost sas oss eame ens Netiocme-azsnalbass (1000+ 16900-11009 (120900 + 15000-10000) (s1000+ 120900) (4000000. 280000) (500084112 (en000 3872) 1.259000 "000 oon 5000 “0000 10000 zsauo a0 00 x20 awa) 3685000 2 pnawerie(). ‘Capt -sanuay 1.203 Une pe srr - Deore 31,2012 Lec sexes expres - Decanter 31.272 Aged cpt suary 12013 Netncane Drawing ‘Cpt Decoder, 2019| Salo ot ropretar Live expenaes Dans 58, Annes). eta ss cours ool any 1h Aovoors om ase = Dee 39 Tout Less Aco eee Oecrer 91 320000 ‘oarees fer astoners-Jeuary ty SoNg00 Cem anedtonasones (2800152 wees) A Annes (0. "atbnspayile-Decomber3, 2018 Payment spp: Toh ‘ez payle Decerer 34,2012 Ares xd bs Inver = Geet 2012 ode aaa sale Inver Geert 2019 Cost geessat 85. Answers), ‘heave med ecsatie can Iles eenue 6 prowart (0, Scanned with CamScanner 5300 12000 200000 ‘00 ony eon ‘05004. 4, a ‘asweris (0) Deoember 12012 May3,2013 ‘p00000 Deoembe 12012: Decanter 31012 a, Saves. Janay to ay 31,2013 520 099, ‘hw 1203: Novebe 92013 sz00 December 12013. Decenoe 31,2019 moa Toa ssn 2013 prey Royal everuefor 2013 (20% 17,450,000) am pasos (8) Roya everuefor 2013 [Woe xsc0000) soncan Sree the guavred rinur eral yay is P300000 (1200.00 jen) he eaty revenue 20318 P90 00. ‘Answers (0). Compensation expanse pe book 30000 ‘ecru salaies = Decor, 2019 ‘8000 owed bus Dever 3, 2013 soot ‘Wal conpensato expense aa ‘asweis (8, Seay Common Acpuntcommssan a 10000 8000 8 14000 24000 0000 ce ‘00 000 1000 a2 ‘asweis ‘ued salts payee -Ceconber 31,2012 0000 Saunes expense 210000 ‘Teal 400000 Les Saareepaid om Accued sali payable Decenber 31,2013 moos ‘asweris (8) nen Wages payae Janay 1 1 Wages ence oa TOTAL 200000 Wage payneis ing he year gap 51 Wages ean -Decenber 31 Ayosing en on Deere 31 Wages perce ‘ozres ages payable sosv's) rcp fez ga: ‘ocr coon bea us “i cocoate me Answers Roya eperse (ered by ait 2019) = gong ‘fen (). Royal expense tom Decombor 201210 May 2013, ald on August 1 2018, Royalty apes on June 2013 a Novenbe 2013, Tote pall on Feta, 2018 Tot cya expense ‘tosis (). Pepaiinsrence (emmnxsy 36000 Prepaltones (esoooxs'} oon ols pepadenpenses- December 1,213 ‘aoa poaneri (0) Prpalsinrance (e2oo00xsi2) 60000 Preparer mam ‘Tos pepeexpenses- December, 2013 om Answers Pepa males. Janay 0000 ‘at: Agusinent or Decor 3 Baan Prpalrojaes-Deceroerst am posweis (8 Pepalinsurance-Mach31.2013 (7200003806) zaan0 Scanned with CamScanner‘nhalamount stuldberepoteas capt? x oo000, 3 00.000 ©. e000 . 7000 raoz0 37, Atte dein ef cure yar, Reis putas hen ass ot Abtor Laundy, = se propels 3.50 000, ard connerced operations Sat Elone Lana aslo Propretorsip The asses nada cayng amount of P3750,000 and mart valve of P0000 in Sat Etere's cath tals farce fr he cane ye, Slt tone pote reverue fences of expenses of PSCO.00. Res drains Gung Me ‘entered 7210000. Sant Elenra'sfoancal sirens, wal anoustoudbe tepred a Canta Reims? 380000 ©. 4300000 3 4o00.00 D, a t80.000 Faozone ‘Mute Choke Problems ~Accal Bass ‘Sos. oat |B Mal Conpary repre Beksowng bales on cae! vaaania — r2av0ie Inveriny zeooo0 = 2300000 recounts payne Tea 590.000 “Toner pa suppers P son onoaurngthe yer endedDecerber 9,201. Under ac bats, al amour speudbe repre coo goods sot 20137 ® 43300 4350000 3. 485000 D. 5480000 Gusts 4? eevee ewe tration, Frome ‘Cag Congany has apptrursins of pst lla Ins mechand imei Deconber 31, 20", Thetconng data were avalale a yea-en: ig ans Phys vento at ost ena 1900000 sacs 4000000, Cost sales 2400000 ecsnis reenable bode ‘e090 1380000 pcconispeybetade Sooo 1380000 12014, acnurewrter eau © 2100000, als eins wah ret mao acute to 189 00 and pactaserotums PSD 000, (Cashozipstomcisionas afer #20000 ascuns ala P5000, 000 whieceshgaymens 0 Trade ceo amount 4,000,000 alr scout of 7300000 Cash pada customers or ‘0008 retmed was P5C000.0n tis rarsacton accounts ecehanve was bled 38. Unde acca whats the aun of ros es forte cur yea? a easacoe © 600.000 & assoom D. as0000 40. Ur aaa ans Wt ear of sc Pec ya? 40.00 4 350.000 B 4300000 3 aimnano Cueetans 18 2 rebated one eowngoaon, Frou Emyri Caneay roe veg sectarian career shomenate Te cuenl yea Decorcerst Janay 1 eco cate 0000” 30000, Nols eceabte ‘000 100000 poco payaie 1000 160000 ois payne zo 130000, Preoad nance 3000 10000 Ccasnecepis or cureni year ‘ash sae 0000 Cotoctonsc!aecunsrecavate nat otdcnunsofPagcon 1895000, Coleco! res ec able 000 Barkloan-neyeat, categDecerber31 100000 Pcase win st ouances 1000 cash stusemens curt ea" (ash putas 10000 Paymenivcnsccouns payable eof somunsofPz0on0 150.000, Payment en rte payne ‘0000 esc 720000 tr excess e000 Sate rere and savers 500 11, Unde acrsba, whats tbe aur of ross aes tte curt yea7? A seas © 2420000 B 1s7000 3. 2a70.000 42. Unde aco basis, a's eau of goss pcs re carel yr? 1x00 1960000, Scanned with CamScanner71 ire Coma opiate vin cans nsec sare el yar ‘3000000, teste “ey 0.0 Deconberst 0000, earces tom atone: son veway 1 Decerber31 40.000 ‘What amount ea wasrecaved om customer ng he ear? ‘A 40.000 © $300,000 8 4gco00 1. $400.00 Fromme 72. Jacueine Company bean te cunt ear an De howe: ‘ecouriseemate 1.000900 ‘Aowance emit accounts ano Nelaczunisrecenabie 320000 ‘uring te cro yer, he flowing ores ceaure: ezorts ton 120000 asses so 000 Satson acest ‘3000000 Bade expenserecognzes 200.00, [Ae end of re cuvert year. the ety showed 8 balance in sccounk ocshable of ‘589000 petoe mw alowance fo ou accounts, Under Oe cash Dal, wl amon sheuldteepote as saestor te cue yea? ‘® 2aW.000 © 332000 8 270000 . 3.500.000 Faozo1e Erer 73. Royel Cars prov be fohowng ster be cert yea: ‘sas 0000008 (ost of goss? 300600, peraing expenses 300000, Decembe slain) Prepaidoperaingenpenses ‘woocoe “T0600, Aeros aya 1350000 1200000 Invenio se 2300000 210900055: ‘esos ecnvate ‘acooc 1.37300) Under cash bass, whaaount shut be reported as purchases forthe cuenta"? Seo | ©. 8700000, 3 550000 © 5280000, Fao204 Brolga 74.” ner he accu bass, Hamlin Company report etal come fr he cura yet a 800000. The ely epved Be lowng ator nlonatenegarng rel came: ‘Uneanad rea) neon sana 1 ‘000 ‘Ureamedrertalincome, Decenber31 75000 ‘Acouasreralirne.Jatuay 00 ‘Accrued tral rane, December 3t 490% \Whatlotaanount cash wa receved Hem retin cent ear? ‘A sa5000 . e25000 8 818000 © es000 Fao 2014 Asuaoomenluosod 7S. Harel Copany ere ta at suance premise pl are dees apd sure, “he entity mae merily esata corps lo insure expense wi cea 1 prepad Insurance repaid nsrance- January 1.2013 210000 Sropstoaroncenenseurg 019 arsco0 Prep raror- Doc 31, 2013 345000 \Whatis te isurare renaum pe ing ZO¥37 A eesooc © e75000 8. 540.000 B. sra0c0 Piezo Soeatogeicenses 76. Outing be curr yea, Seana Conyny potas tot operating epee of P3200 00, canstng of FO10.050 aeprecaon, F700 00 nsuatoe ane 100 00 sales. The reped msuance PIS0CU0 en Jn) 1 ad 200000 an Decanber 31. The esc sales payable led F220 09 on sanuay 1 and F200 00007 Decent 3. Wa ta armntwaspaister opereingeroese®? 2 a00c0 | © 2270000 3 220000 ©. 8z10m00 Faoz014 Iooesceosesoat 71. Miamat Corpany wed the acoua has of accountng. The pens or 2019 nde (erection c1P200 660 are aerizaton oP 0,00 Fir} 012 Scanned with CamScanner0 " 200 0olrgerthanithe begingothe yea Dung ya, ere sarecapalsued ‘erceeded ends ty P240,c00 Whal waste nace or Ess foe year? ‘A zap Obes 40000 near 8 z00 000s . za, 000 ee Faoz0 (On senuy 1, 2013 Race Cnpany stowed inl aso ef P5000, tata abies of 2.000000 and conto capt f F200 008 Dug te cart year. re coporaon sued anaecail of PS00 00 pa vale al preiun of P3000. Bent P20 000 was aid on Dacenbor 312073, OnDecente 3, 2013 lll assets acute P 50000 anna taies amour P3200 £00, Whalis tenance the cone you? ‘AS00000, © gn0.000 8 75000 ©. 1.750.000 Faer4 Dueng be tt year, Ese Conpany sued 1S000 stares wih PDD parva al P15 per ‘ara, Alyea-en, the en seed 2000 shares in paymet ef curantSlgalens of 280 00. Decent P500000 wer pad dung the year Total aie te enc tthe ear arounles 9 P2000 andl sts al heard fs year equaled 3.00000, What I thenetincame rine tal yeorof operations? A 200000, ©. 00.00 ® s0000 1. 600.000 Fromm ‘Aubrey Company proves te flaw ctr avo razors shir capt P100 par vate) ‘sooocco 3.500.000 Shire premisn 1co000 © 2500000 Retained earings soogcc0 450.000 uring 2013, te ety dearedand ald cash den of P,000.00 and ato decared nd issued a sk cndend There were er ranges meadly dug 2013. Wha eve Income or 20137| A 1600 000| © sop0.000 8. 2500000 . 4000000 ‘Aubrey Corny rove the flaw dala at yon: m3 a ‘Shara capa 100 yarvaluo} —5,000000 ‘730,000 Share premim $000.00 1500000 Retinedexmngs 3.500000 4300000 ‘uring ne caret year, De erty decir ard pai cash cider ot 60,00 and aso ela a shed @ Sock ced. These were ro oer anges shaes sued ad ‘tanning be year als ent ncome or he carer you? 000 00 | c2750000 8 200,000 B. 3.259000 Faoz014 ‘Vela Companyrpotedtatine toning harps in acolo ung the cure ya: reese sets 2000 abies 2700000 Shave capt ‘Sooo Stare premium ‘0000 xcept a* 300.90 siden payment anche year’ arg, ar were no changesin ‘elaned earings he year Wha eee hea ee sees"? x 0000 100000 8 son000 . 7o200 Issel Company cacoved he tlowng chang in account baaces fe cure yar can "HOODD decease ecru eat 300000 reeas erent meen, s hoon reease ocurts patie ‘at cDt rowae ‘Dung tbe yar, he oes towed P4000 DIO nacss Yor Bo tak and of ales ct 3.00000 eis! of P240 OOD nest P00 600s scnedon Deo 31 Thee sss oinlerst payable be Degen le yar ihe cel yea” he owner aster ‘eran tadegsetutls oMe busness and ese were sod fr 150000 fo Manoe Dpuctase of mertarage. The omer mace wee witarval f P1000 ha s De net ‘heame forthe curentyer? a e000 . s4an000 8 1820000 5. tatoo nie Copy ase ig hangs tbs fe "3000 howase ‘ects eae 000 dese Mercanie ventory ‘occu ease ‘acount pyle 103.000 eam Prepac expenses ‘ouorerease ‘coved emperses 40.000 hnceae Uneared erat reone nom asseese ‘nde carer yer 11 owre antened andl asolslbhobusiessand has werd ‘ox Pst0 000 inarce De purchase of marci, Thooanermade wihsaaisaumg he Scanned with CamScannerShara uty 20000 \Whals the netinceme recut yor? A Toco © 150000, 8 W090 . 480.00 20. Neste Compary rovided the ftir Sled fomaon fr the cute’ year (ash bane sana 1 ‘esos ecb, fonaay 1 Ccatectrs rom cusomers Shares equty, January Tota assets, Jaruzy! Tota ass, Decenbe 31 Ceshbaaree,Decenber3) ‘Accouisecevabe, Decanter 31 Toa tables, Decenter 3! \Whalsthenetncome or became year? a. TOCOD. ©. 150000, 8 110000 . aso.con ‘Aclanedeambos "0000 ‘soon 22100 600 ‘0000 730000 000 180000 oom 0m Faez04 21. Decenbar 31,2018 Melssa Company rowed sharehady canny 05000000. The share apa ofP3 000 renareduneangeser he yest ‘ansaciosdurg me year wen atc eect we ‘n atinet ct tan ang or 212 ver depmeston Gain on sae otweascyshires Dien Gecaedc wnicr P00 000 was pals Netcare to 2013 (Whats the balance retained eamingson Jay 9, 20127 8200000, 16,000 8 140.000 . -.7oa000 22, Trend Corpay prove he ewigiremation re cuenta Nets Taal asses on Dtcenber 3 Sharecapialonecenber 31 Sharepreniun Diicensseecarea 00000 sxo.000, 0000 000 Faez014 1.000 ‘3000000 ‘e.000 500 600 790000 ‘The eto ely at (abies ded by equ is S0% on December 31. What amount ot a ‘eae earrings 4 repre on January A 0000 c 3 600000, 0. 1.100000 1300000 Faezow 23. On Decender 21,2014 Zeus Company sowed shareheloes equ f PCE 060,Outrg ‘Yecument yea, re sharhcoee equ was atetedDy + vadsinerito elaed esrirgs fxoversisementor inventor Deceear 31,206, tne xo 29.0,” Dec ie PE. 09 of wien 50 00 was pad in2ow The share copa was Sp ve Rone Net earth year rote P70 00. ‘Tre shae capil ofP5,00000 remand unctanged ung he yar \Whals te reaned earings alceonsanuty 1, 20387 A sc0000 300000 8 eco . 10.000 Faez0 Sahai oouty 24.” Sunsine Compary had ta assets of P.0000H ard share ety cf P2.080.00 at "he begang ofthe yor. Duag Ie year, assets creased fy P2000 end laes ‘eceased by P820 000. Whale stances eu the endo year? A000 ‘c. 34.000 8 30000 . 37o000 raez0M Soot ‘Quesions 14 tu 17 ae basedon he fokoingntator, Frome ‘Gn Sats sted a vet mechandse buses on Lanuay 1,203. Dut he year erdod ‘Decomber 31,2013 he ently pac tac credo 200,000 andere et oss P3S0000, Thelesger account recosngbaances onDecerber3, 2012 cede fon ne ‘minis esate ‘00000 Aeannispapbie 730000 Cpa ok vesietincash) 2000 200 Expenses ipa ash 10000 Macha uradusteebl balance) 70000 ‘Ter were no wincravas. AU sls and pachass warden ced The mertande acts eb fo pchases end reste sa, 25, Valine arcurtot purchases fr te year 280000 ©. 2050000 3. 7,c0,000 D. 275000 Scanned with CamScannerRoyalty eveveor 2013 (10% 000.000) sanco ‘Shoe te quarartod inmum annual 300000 (170000 4 years. erty revenuelor201345P50 000, 97, Answer (6) Decerber2012-May 31.2013, Decerber2012-Deoember31 2012 Sales -Jansry to Mey 3.2013, ‘hoe 1203-Roverbe 902013, Decanter 12012-Deoarter 31,2013, Toa satesin 2013 Roya revere 2013 (20% 17450000) 98, Answers (0) Royates received Royates rea - 204 Unearnedroyaties —2019 Toa Less: Rates rcsvable = 2013, s0000 Uncamecroyaties~2014 00 yay evens prove (0) la ane —aczus bat Gears etl rere srry 1 Upendra 1 cst rane ‘Acerved renialircome: Deane 31 Rl ses ca oa 100, Answers) Cashrecevedtom nants Rens ecswale-2013, Unearnedretals 2012 Toa Las: Rens reenable -2012 ‘0000 neared rentals 2013, aonono Rerilrevnuetor 2013, 40000 sam) 300 000, sz000 2300000 ‘000 50000 enc 20000) 75000 9990, 3.000 600 eno aman sa.oco 10 Me, 104, 10s, M6, 7, Answers, rowers 0) Anoveris 0, rovers), Anoveris (0, Anoweris (0, Answers 0, Prepadrert —(260000x6112}+ 240.000) 3006) gaan Prepaidneurrce 3010014 2000x356, a Instance expense per bok 00 Prepadisurancebetoe agustrent amo Toa Feeao Lest prepaid sane —37172014 1 lnsraree exense ‘son Pepa surance (eomxei ——sno00 Preps (econo ai2) hoo ‘Toll pepadexpenses-Deoerber3t, 2013 ano Inswarea expense 40000 Prepad insurance "0000 Cah con ‘Compensation eporse per Book m0 ‘eared Sates Doceaer 31, 2013 18000 ‘ected bors -Decender 3, 2013 wssco Tot campensat epee =a Bate por took eznco0 ‘Aczrued eg tos Novenee 00 Decenber poo | “Total proessnd tos expense =o Inerestegense sno 00 Decreases ptepainieest ‘0.00 Increase n accuedierest payable a Inerestengense mom Scanned with CamScanner28, What sine srounlot ses ote ya? a T0000 c. 2680000 8 205000 ©. 2750900 27. wna sie csnbaance Decanter 3120197 A 1380000 ©. 2000000 B 1480000 D. 34so.0 2. Whats be rater Deca 3.20157 . 70,000 3 sso000 ‘8 750000 ‘uestons 18 th 24 are based onthe folowing armen, ‘Complex Company ket very rte eres. On Janvary 1203, e ery sate business and Iss share canal 6 00 shares wiMP106 par fre clog crass ‘Cash 31000) ‘Bldg wt vst to 18 years 4390000, ans coo come ‘An ana he unk salen’ showea toa ages, icludngie ong ca vesiment. of 3.500 200. Thealnce nde bank semenfonDecerber 3.2073 was 280 OC0 ul there were ‘eks amoung P5000 esodnDeoenbe tulad by Ie Bankura) ore yar ‘Cashonfandon Decerber 21 2013was P125.00 acurgcstomes epost 75.00. ‘Dura te yar me entynaroned PSONOEO the tank and epait P2500 and P2000 ieee The proces helen wer credo oe Dank aout nly, Disbursement pin caer cringe year meres lous: ‘aires 100000 Sales 00000 Suppes 7500, Tas 2.000 Divdents sscoo0 ssa -n inveoy of mechan taken on Decerter 312013 showed PTSS,000 of mecandse “Tekale for secu recalled 00 000 bu PSDO80 of fet aroun may We uncolecae pad sippietsinaicestor nechardse anouredoPSS0 000, Equipment win cash pce of Px00,000 ws puchasedneay Jaruaryonaone-yearistalirert bas. Dunngtayear ences ore ounajrentand alma nslinanis lea P40, ‘Te equpenl asa self o 5 eo 28, Whale tal ash onDeconder31, 20187 A 200000, ©. 325000 ® 250000, 0. s75000, 30, Whalisite amount sales for heyear? A .topc00 ©. 4.00000 B 3s0n000 . 4s0000 3. hash anet pecans tye A 2355000, ©. 055.00 B 2705000 1. 381000 32. hale 19 roone fre year? a e000 880000 B sco ©. 70000 233, Whats he amour ass on Desenbe 320192 A Ta0no0| ©. #330000 B 7.950000 2. 380.000 ‘nate he aneurt ot estes on December 3120157 2” 75000, ‘e#8000, Beco 5. $25,000 38, Wats he ancurt of shrhaer eqly on December 3120137 a. 6300000, 1 7,180,000 8 6es0000 8. 7300000 Multiple Choe Problems ~ Cash Bais ania ‘8 On Feteary 1, 214, Toy began a ser ppeosip wit an li cash vests of 20000 The popreorsip vet PSOD000 of serves Febru and reid [payment inkech. The popes Peuradeqpanceso POD 000 Feta ice part ofl. Duong Maren, Toy ew P 100000 agate capil acount. nthe [ropseorsis statement Mean pston ox March, 2014 prepared uncer cash ass, Scanned with CamScanneror. 8. 0. Creatas Toa Lets: Acouns reekate- Decanter 31,2014 ‘Celectens ef accoursreoenable cast aes ‘Totes cata anne’) ‘ost erable — Jay 1 Feverue eeu bass Toa Lest Acourseeavabe = Decenber31 500.000 ects tl ot 2000 ‘clectens revenue rc cash bass none ‘Aco eats -Decentr 312013 oc Sales z0T6 Tol Lass: ccna recevabl-1202014 1300000 iter | Clestors-cash bass soles evr ose (8) ‘stuns ecole = Jaruay 1 Saison accra Toa ‘Aeceuns caval Decanter 31 ‘Accor wien CClectens ct accuntsreceiabe (Cash es ‘ot ses cash bas ‘Anes ‘ecouns ecole a 1 ‘has. oot sales Tous Less Accounts rcmatle -Decerber31. 180000, Sales scout an oma 4an0n0 : 2ers000 aon 4400000 sono00 -¢sonao Sec0000 1,000.00 prratesy ‘000000 (gen.000) 30000 0000 0000 ‘calecsons Sasnsles net 400,000 20.000) ‘Teal ses ch bas ‘answer (0). ‘ecu sales oxouis eda may ‘vances tom atone O2aente: 31 ‘ola Les: Acouts recevabe- Decenber 31 500,000 Aevarces tem asemess-Jauay 13}! 30000 CCasnrecnied ron ctsomers 72 Anowers ‘cous cable Jaruay 1 Saks sou 7. Peoweri inventory = samy urnases unde real basis (SQUEEZE) Gocds aalaceter sate Irvenry-Deconber31 Comer geeck sala ‘ecouis pay Jauary + Purses = acoulbass Toa! ‘Aecauns pale. Decanters Caspar purthases cash bass 74, drovers) Rerlloccme-aconalbasis ‘Uneamed rence Jray 1 sp0n000: ‘0000 4o.can zac c00 Scanned with CamScannerRent ecohable- Janay 000 Uncalectne rei wn curing te year ‘0000 ‘Une acral ts, wa ama Shout be epg a et eer? A" 1320000 2.000 8 199000 . 2500000 FaomM ela 8 Har Conpary mantared scouring recs on be cash bass bl rsa the fran Slee ee aca bass of acrring,The ely had P00 cash bass ce (o-214. The erty proved lowing wlomalona! yar nd ime aa econ reotabe 4900000 000,600 ‘etount payaie 1500000 So, c00, Ungar accu! bass whe! anew of heame shale rept in he 2014 incre statement 2500.00 8 S000, cc. @san.an0 D. 9500.00 Faozu 1% es Company este courting records cn 2 ash bass. AYDe en 12014, he turn repre casnbass inane sitet sowing rl core ot PY 010. Inprepatng he income samen te ewig arcu faced propad and unearned ens were rcredal endothe year ay us Aecutdrevene sia 73000 Unvaredtovense eo 1093.00 Aeuedereses 200 15.000 Prepadenpenses 00 56.000 ‘Whats eel hcome ude acca baste cuen y287? A 14038000 1.35000 B 1961.00 B. 1201000 Frou ‘Ses pastas cis a as ‘uesien tw 3 ar basovon the aout tomaton Pro Men Company has ol prepared ancl Semen Eves years srce December 1.2010, ‘ung ne es year ol he ash rece an cash turaemens were mart se {acct wee eee recy lan accursecaiabe gir. Havers o generale Pestngthavebeenrade snc he December 312070 sing. Theesarnaton othe ross sscloecbalnces aba tepnng ac endothe tee-earpeod Conaceosue ‘uestons | are basecon the oon tration astoows: Les han 1 year 4.600, to2 yeast ‘300 Zio 3yeas.ait 4000 (ver yea ae - am Toa scounsrecoabie ca grt irveione 8000 4000 Aczouts payeble 25000 5000 ‘No acountalances nave Deen miter off dung he te year par. The rato ogress ote sales renans cs ho ea yee (ome cata avaiable st allows mu a an Cosh rected apps to Comer year Tu4oc0 ——angg00 044,000, Aezoun of pyar eraco 75000 4000 ‘cco fo yas pir 2000 20a 10.000 Toa ctecons mam ans hoon Cashsles e500 130000 “156.000, Paymentotaccurtspaytie 625000 «706000 ODD 85. Whats te amount ot ot cles fr 01,2012 ard 20197 A 1032000 2820000 3 1345.00 © 321000 86, Wat the amc of ota purchases 2011 2012and 20197 A 2170000 © 2230000 8 220000 ©. 2235000, 7. Whats he amour ot ot of sates 20142012 0naz0137 A290 © 2266.00 8 223000 , 2206000 prea ‘Baron Company, 4 pons, whien maine he accouring recans n te cash basis Scanned with CamScanner‘CASH AND ACCRUAL BASIS Essay Questions 1 ‘Blah Neca bassand acaba orecagiing oonme a! expenses. ‘Tha foluing ethos are common usin rates iacounhngerheome aserpenss: 1. Cal bass - Income Is vengrast when cee rgaess of when ced, and pense rxagec when pac reps of wen nce. In ober wor is area ces net eeogze aenuns eevabe, aeons pra, na ese, ‘ened cane, aaxuec epee 70 pep expense 2 eal ta - name is eeograts hen eae regards of when he. and ‘ypese'socagnzes wen moures regards wen pal. Ths ie esene ths pyoac the recagolion of acouls eevee, encoun pyabe,acued none, ‘etre ncane,aosue epee 0 prepa pre Compare te cash nessa tou bas. cas Tea Saar ‘Cash sles pus eaecTone Wace] Cash ssp ses ova Leceiates Parcases [Can puctass ps payments | Cash cases ps purchases adc nace. Tncameoher | Anoutsrecsved ar cnsiaaecas | Anouts eared we ote TManeaes” | hooneregaassotwhen eared | rome repress 3 nen receves Tipe | Anca patae edeias | Amon nord ae aod ae grea epensesreguless tween | eapensesregardessofwton snout sai Depacaion | Depecatons po aeanaraan ain ‘Bad ants No bade reeceebecalse ] Dot arouns a tea a ‘aderecenales ee nt aes secoanzed ‘Wal istn omalin be ompuaion sales ur aco basis? cas ses x Saes or accant “ade accusand ries recehale,erd Colecon trace accursancotesreceate ‘Sols reluns atorsnorsant scans ‘Aecenls antes cea waten ot ‘ratundoe ecovasedscoea (res recvableecy eee) oa Les: Tate acmnrs and aces estab, beg a Total ses aca base ry =H Rok Norma, the data concer te cash sles nd" oto hon ausomes are gn Sole ral pelen ne orrualsie conan ost on carl The sutstnce tbe fonda ste reconsision of he acars andres ecenable because Pe 1 cow andnolsrecenabi youl epee alas on acout. Ta re arprech ‘saga al dems al cecesse ade eokbies oe eng aoe of areas reavate ar nes resale Te tra deceased ate rcshates amma nde: Catectens rm eusmers Sesame, lowanes an aecuns -Acows n e ovo wen Nios eiaie scour - when he noes reskabe aman ceed Ubtn scour. “ho baying tls of acu ecohable and ree eetable we deed because these tes perianio be ceding ear and const aes eh pce ya anda oy ih hve beencoleced dung ie Uren year or some may be De Suet fens, Mancesand icons asthe matin he carpatonofpuchses ue ara ts? as prcrses a Parcnisesonacount “Tac acon ard les pyle, rt a Payment of ade sez at les pyle a ase rears, alowares ar ms a Tot rr Scanned with CamScanner8. 180,000 cued ocome feyatyrcone 43. RilCompany ow a 2% ray sere nar ol wel. The erly cele yal payments (nua 31 feof sod between De res ne 1 and Nove 0, ado 21 feral beeen December | nay 31, Praduton por reveaidth ung ees ‘ne 1.2012 November 30 2012 3004000 Deceriber 2012 December 312012 sa0c00 . 2020000 Decenber2012-Nay31 2013, so0gec0 ‘hoe 1, 2013: Novenber30 2013, 2000 Decerber 2013 December 332013 00 ¢00, ‘inet amour spouse epotedasryaty revenue 20137 A 1.000 ‘1490.00 B10. 000 . 1890000 44 On Janay 1, 2013 ener Corpay entered io 42a loensingapresnert wh Ans ‘Corpany own Ans use Derr cafoon charactor al the ures ha Airs manicures urs srequre pay Denver oyales equa b 0% otanua sas. ‘ins quarateed Denver 1.20 00 minum yal over ee oe agement and ‘pi Derr erin aaron Jann 1,203 Fo the yer end Dearne 17,2013, ‘Aine sa ated P5000, Wa arcu yalyncame stould Denexrepat in 2013 a sop00 ceo0.000 8 500.000 D. 1.200.000 Accu exes Garena exe Doren Corany hat a tlancr of PHS0.000 inte campersaion egense accent cn December 31-2013 beore yearend agusnenit the oloang No slay acowal was made frie week of December 25-1, 2013, Salas ft pot lnabc P18 00 ant wer pl on January 52014 Bors or 2013 was pad Jam. 2014in teh amount of P75 00. ‘ialiste ajsiedbalanceofcorpensaon expense fx Z0157 A ss0000, (Css. 000 B 508.000 0, 683.00 Sats comnissons 48. Fay Company paste cui stespesons fed mortises and conntsons on et ‘ses, Sales commis are compu and aiden armontiybas (ne month lens the mont of sf), and Me fe salaes ae ealed 28 atiances aahat commision. However fe fied slanes or ssespersans exceed terse commision ead fr @ ‘eth, such exes nol ehargeaback a en. Petnenl dl fore ror Maro be re aspera area lla SileperonFaedsairy ——Nelaaet——_Comnitslon * 0.00 0000 os a 4000 ‘aoc00 om Ta 000 1 700.00 Wana Sac be READ sas CSOs on MaNGAST? Az6000 ‘c. 68000, 3 2800 7000, Acensd sala payable 47. Rea Conpan’ sie employes arpa ved, ASvances masts enebyees ae pat ack by pay eedutors, sawn szavgo1s Empijee advances 2w0am0 260,000 ‘eave Salts payate on000 7 Salis espns dng he year 4zao000 Sales pdr he ea (oss) "90,00} (OnDeconer 31 2013 hal arctntshaudbe ropradas aceed stares 2b? 1° 300.060 ‘e. #20000, B 700.00 ©. s40.000, 48, Karen Company repoatin the tcome sterner 23 3P1,100000 of wages exer. The previous ear silemen of feancal poston rota 100000 of wages payale. Ar {nats ce par ecards showes wage payne un Meyer ofPA5D.00. me revousyarsaqysing eyo unpad wages was reversed on Janay 12013, whale unloading Wy lor accrued wages payable nDeceber 320137 150000, ‘e000, 3 250.000 D. 50,000, Professenatees openso 8. Pak Conary a a Dalacs of 820.000 nthe professional tes expanse comin on Decanter 312073 belo conscenng yea agusinensreatg oe olowirg- "Constants were efor 3 spcal erect 8 {ll ee roo exceed PBS 000. The ey ha ecarded PERO 000th fo based on lings fo Wor. gered 2012 + TheaterreyS ele requsled years alec Jaruar31, 204, deat halle Scanned with CamScanner8 490000 D. S400 FaozN4 ‘Sotetgon sot Nat Crea rete tr sores at ach er as Ieertery 200000 300.000, Aecours payaie "750.000 "0000, ‘Theenltypatsops 4 200.000 Junge year ene December 31,2014 hat anoint sould poe cal rads sod 920087 4350000 ©. 4950000 8 saso0m D. 54s0.000 Fao2014 Aametmenek ecie {8 Babe Conpary ised acre ners rece of PSE, 000 and P46 St on January 1 ‘ana December 31, Dug te yah colecon home vest ued apa gh ‘Sblon (P45 000 anatrestt 152000 Vinal amounlsho.abe ered = lest revenue be cuenta? 300 153500 8 12.00 D. teosa0 Frome {98 On ray 1, 2014, Dem Company enue nb 3 year tenting ages wth An Company ang Kn ute Derr caoon characters nae hnenoxes a An Iarufaclyes An's equred io fay Dower roses eqs 10% of areal sas. An (uaraneesDervet a1 200050 minimum yay aver We Ie of he agement and pad Seaver te mix aeanton Jury 1, 2014 For ear endos Becerter 31204, ‘Mrs raed PS, 000.00. Wa andunt ct aly income she Dever etn 8 curenyea”? ‘A sd.00 © e000 3 50000 D. 120.000 Faoz 57. Ri Conary owna 820% ryatyieestin anol we Ri vecled voyaty payrents on Janay 3 feo eben he revs Jaa and Novemba 20 ron Jy 3 Ol tetweenDeoerter | aaa 37 Posulen repr eesedthe lon set ‘he 12013. Novener 20,2043, "300000, Decenbe 203 - Deere: 3,20 0000 December, 2012.ay31, 2014 4.020.000, Ane 1, 2014 Nevenber 3, 2014 20000, December 1,26 Dot 3,204 70000 What amount shout repo as ryt everue fox 2018? Ppeynest A orenses 101 Cnty 12014, tkagon A 1400000 ©. 14000 B t44n000 1.380000, Fa@a0t4 Acceso dete aes 98.” Carey Company ess ari fr whch ratos are rxeed. Dug 20 he ely rceveda eniianceofP2500,000 The owing i are avaiable at year-end 208 ie Royatesrecovebe 750000 000 neared oyates 450000 50.000 Wat maul soa Ee eprtedas yal reverse cunetyear? A 2280000 2350000 2300000 © 2380000 Fa@aors 98. Under sonal nas, Harthan Company rpaed ret incom for the amen year of 800000 tenant Deconber 31 ‘Uneaedrntalincome 0.000 75000 ‘Aaued reia ome 3,000 30000 What anauntwasecaved omental nthe eure yea? A sa500 625000 B 615.00 D. e350 Fae 2014 109, Tam Company oans an ofce buldng ana eases tho eee under a vary of renal 'greements vig er paid in advance month ar analy. Not a ants make ty yen of et rent Outing 2014 th nly rectved P803.000 cash fom lone Salemen( of teancial pon conlaed ie flowing daa al yearend is me Rerttreconabe 90.000 1.240000 ‘neared rental come 200.000 2400 00 ‘rat anouittrevtalreverue shouldbe opr he curentyear? A sa20000 © 8820000, B 7.480.000 ©. s.080000| Facaore Company fesed fice press to anee-year pero atan annual ental of360.00 payed on Jy each yea. Ther ren peyment was md. 1,204 ‘enay on ty 1,204 the ety pad P240000 as ease bonus. On Decent 3 2014 what amount shoud rept as prepaid en? A tenon) © 240000 Scanned with CamScanner8 z000 © 3x0000 Fagan 102, Fara Comper pl P7200 fo erew an inauace yf Bre yea on March 1,204. ‘On Mach 31/2014, he unadjusted al Daarce showed P3000 for prepa insurance and 72000 fa auarce expense Wl aroun shouldbe repaid prepa Wsance a Insurance expe, resp e vee mort ended arch 3120177 % T0003 3600 ©. 7200030 3.000 & m0003r65.000 . 73o00an62.000 Faow 109, On July. 2014, Rony Company aban re insurance a an anal prema of 2.00 ‘ayeieon ay ofeach year. Tees premisn payer rasa ly 2014. Ov Odobet 41,2014 teeny pad P24 00" el este anes covet prio ering Slender 0. 20'5.OnDecenber31, 2014, what amount sou be repated a repalexpenses? 4% 36:00 cso 8 38000 D. 6.000 Faoz014 106 Eeler Corgan reported a alinrance premiums pl ar debe a prepaid sane. ‘Theaily roses folowng emmaon fre cuerye8 Prepaid rsraneenJauary1 110,000 (Charge b ravarce openie Hop00 Prepad rsurancecn Dcamber 31 ra00 \iatwastiearcuntcrsrarce emu padin th care year? 0000 0,000 & s7000, 1. se0000 Faozm Aces comes A ceo 106. Dorn Compan ep natn compensation expense accu had aban of 490 00 ‘onQecere3, 24 before ay appropri year austen ein Be low No saan sca was mate forthe weet of Decenber 2531, 201, Sas for Es patna olled P16 CO and were pad on anu, 2018 Bonus fr2014 was aiden Jaray 31215 inte el arc ofP175. 00 ‘ie amcun shoude epoted er compensation expersefr 20147 A000 668,000 & soB000 1 as3000 Frou 106, Pk Company pores a te pfesna es expense acuta 3 ble of PED. 00 ‘enDeeroe 31204, Deore consdeng year-end agus ealng\o te acu. ‘= Consaans wee hired fa special poet at a oa fee nat 0 exceed PESO 00, ‘The nity has recorded PS50,00 of is fe based on lings fr wor performed Inz0v. ‘The allomey sete requestedby he autos dated Januar 31,2015 scale tha, legal fees of P80.000 were tied on January 15, 2015 for wark sored November 2014, and unt le fees fo December 2014 were P7000. ‘al anoun shoul repre ofssonal sonnet rhe yearenaee December aiz0te7 A am000 ©. 950000 8 a0 B. 19s0.000 raga Prseyncl some epenses eens 107. Sweet Company proved he aong ifrmato one cen oar. Ines paia axe 030 Decrasein ropa rest ‘00000 Increase naccuedinrest payable 30000 ‘halite eres empense a soul be repre fr the cure yaar? A700, 870000 & aopoco D. 30.0 Fa@zoe 108, Cay Congany bonewes monty urde vaious ar agearens Inc ries dcr ances equates payers at. Ourn he yar ended Decarser 4, 2014, {he enty pa nlrest lang POD 00. The Deca St sneer ef rent poston ‘need ne olownginlomabon an mo Pepa Pd we sips ‘tao 5350) \atamantt beepers shoud pres De hci salen the re Steam © smo ® Sri0 5 teoae rao 108, On Decent 31, 2014 Ashe Company hada P30 000 alae nthe abet ence account ary oa end aqusnere sng oth otovirg + Rate acvetsirg spots boadas! curing Decanter 2074 ware tio he enty on January 4, 2018. Tein cost P5000 was pad an ary 15, 208. + Inui te P5000 60,000 for escape askeriig 8 ray 2018 a6 ponsteralcanpagn {hal amour oud be wpated as atetsing experts He yar ences Detenbe 1, mw A 91000 ©. 000.000 Scanned with CamScannera Aaseeris (0) (Cofectonstrom cen ‘ects ecoatle — 12312014 ‘Uneamesoes = 2802018 Teal ‘eons ect — 12012013 ‘Uneameseas 12302014 ‘Sslesroven— aca tas ‘osoeris (0, Renlrecsves Reneceaie ~Deconber 31 Real reeuedleritenat oi Less: Rent eshabie Janay 1 ‘Aecoualtsis tal revenue ‘Aes (D Cash basta Dat cans eat -2014 Betoun aye -2013, Tos! Les Accor rectane 7013 Decors ayaa 2018 ‘ez bas krome nswers Netincame cash ass Dezel even 28 pu neared mene “on au sezued expos 8 ET Prepadergenses 00. 4000900 2000000 5000000 150000 aa Feangat (eon) penran) un 22v0o00 ‘osoec0 Scanned with CamScanner8 8 Ey ‘nJauary 120141 he onal payeat was econodas appease baance nthe prea ase act on Decent $1, 2015 woud be Rte same as to agjal payne Lower hae Dabce enDeverber. 2014 Lover Marthe bance on Decerbe 31,2016 . Thasene,asetilance on Dceber1, 2017 FaozO ALthe bagrirg of the curt year an ently sed 2 Sear cont enabng i 6 use 2 fel ranacuing rodess begin the eurent yer Arya i peyable fe each poduelrocicesibecoamanmmannul fee, nyroyatis excess ofPe mira wil ‘epatl army the eon art eee ey prepaid um ecu vo year miner fal ose caret yar, nly mn es were ned. The aly prepayment Stal report n bent’ cure yearend ancl ater 3s A Aronainer set (CAamert asset ard anenperse FAG 2014 8. answpnsecrty 1D. Acureatasselantroncuret asst Tolalreieame eve te Keo an ents A Nolsuscepiielomeasuenet 8. Hofer weer te as nas an undo fe semua ass © Lower ue cas has tan uncer te Soa Dass 1D. Thesane unde cash tasias cere sana bass Faono Trending btanee exe the egorng balance of aczaus ovae A Notas wasenleced curale pes 3 Nel ncmes ess ran ex haem, (Cath ees Garg te yar excend aes D. cash colecors cugie yearare ess an ses. rez Congres och ba net nae x nt yer, an nly ccm ba at ce ‘areasec when ‘A Sold used equpentforcash ata ganin be cee ya. B._Dacareda ea ident ine pr year at pane crete. ©. atlower accu expanses ale er fe curen ya tana he begeig of year wee oor areas eee han reared as urls acon expert ine corentyar Fao2014 Compares the accu bas econ, he ca 89s indrsaes Ioame ye et secrease rng be accouringperecot Bot accmuis enable andaceve exenses Aoaved penses Di otf acc ecenale ‘econ ecole bat faced expenses ale aco.rsrecerabonor of acu expenses Fao2ore 21, Which ae fang satemens regen acu versus cash bai mountings ue? “I cab bags equres @ conte self dbl any rect, ‘Tha cath bass appropilsore Smale eres inthe sora. ‘The cath bas fas usta npredicieg De bming ad amounts of ure sh ows. ‘Applcaon of he 88 Bae resus an mame slalbmentrepothg revenue and expenses. FAO 2014 Gasbhessbaunalials 22 When concerigi cash bas o aru bass, whch of te flbwirgaudenis shoud be mode cas recostom asiamersbo determine accualbasssales? FA@2014 "ned can sles Add eng acai reavabe 8, Supt begenirg advances 1. ‘Subacterdingaccunis reenable 2 Ynenceoveringttom cash bani earl basis. who the floning adedents shoud Demag cash pdr enenses we delarine azul basis expenses? FAG 2014 A Add beghneg ued expense C,_Subiaclendng aared expense 8, ‘Sublocloegrnngpepaterrense 0. Subvaclenangpreaderpense 24, The iver ard acco’ payable balances czease Sdoud ese raeases De aed 0 or caduced From ash payments o suppers To ane a cto goods sald cx te cure if Tneease nro aici Read Deauced —Deaucind Increase n eur Desc Deascied Aves 25. Porto ne carer year an ey sash cash tas of aco. lhe cen year-end Ine ent crange oth azual tia, Te erly cant etemne fe egg lance of {uppies verona the efect cine nati etemine esi Supe nvenry nibs soavaltisnlireore an yes end aceral bass owner saul FT a Nelincome —Woetecdl _Noefeci versie’ Overstated AccnaLnasn sh nas Scanned with CamScanner