Problem 2 Accounts Payable

2,430,000
45,000
105,000
- 150,000
210,000
135,000
- 75,000
2,700,000
 Problem 3

Unearned Revenu
3,300,000 3,300,000 Beg. 2018 Collection
15,000,000 18,000,000 Receipt 40 percent
18,300,000 60 percent
3,000,000
2019 Collection
40 percent
60 percent

January 1,500,000
February 1,500,000
March 1,500,000
April 1,500,000
May 1,500,000
June 1,500,000
July 1,500,000
August 1,500,000
September 1,500,000
October 1,500,000
November 1,500,000
December 1,500,000
Problem 4
Earned Portion 2,018
2018 2019 2020 2021 300,000 120,000 January
180,000 February
60,000 60,000 March
90,000 90,000 2,019 April
400,000 160,000 May
240,000 June
80,000 80,000 July
120,000 120,000 August
60,000 230,000 290,000 120,000 September
October
240,000 410,000 120,000 - November
December

Problem 5 Problem 6

730,000 360,000 45,000 290,000

60,000 800,000 30,000 390,000
370,000 125,000
143,000
343,000 680,000

337,000

Multiple Choice
c c
c d
d d
a a
a d
 Current year Next ye Next year
25,000 10,000 ###
25,000 9,167 833 13,750 1,250
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000
25,000

Problem 7\
Problem 8
Name
Abraham 10 2,000 5 160,000.00 Jabien
Isaac 9 1,600 5 160,000.00 Nunez
David 8 1,400 5 160,000.00 Barros
Samuel 6 1,200 4 128,000.00 Total
Mary 3 900 3 80,000.00
Sarah 1 800 1 32,000.00
7,900 22.50

142,200
720,000
40,000
65,000
100,000
1,067,200
Problem 8
Position SG-Basic/Gross Income Tax SSS Philhealth
Office staff 154,000 24,000 8,000 4,500
Officers 310,000 63,000 9,000 10,000
Sales Staff 200,000 42,000 8,500 6,000
664,000 129,000 25,500 20,500
26,000 25,000
129,000 51,500 45,500

Office Staff Salaries 154,000

Officers salaries 310,000
Sales salaries 200,000
Witholding tax payable 129,000
SSS payable 25,500
Philhealth Payable 20,500
Pag-ibig payable 13,500
Cash 475,500
Payroll Tax Expense 69,000
SSS payable 26,000
Philhealth Payable 25,000
Pag-ibig payable 18,000
Pag-ibig Net pay
4,000 113,500
5,000 223,000
4,500 139,000
13,500 475,500
18,000
31,500

Problem 9
Payroll Tax Liability
3,000,000 600,000
4,500,000

Payroll Tax Liability 2,100,000

 Problem 1 Problem 2

Item
a 1,000,000
b 500,000 25% 125,000
600,000 20% 120,000
800,000 35% 280,000
900,000 20% 180,000 705,000
c 600,000
d -
e 200,000
f -
g -
h 560,000
180,000
740,000 432,323 432,323
2,937,323

Problem 3
1 2
250,000 500,000 330,000
60% 60% 275,800
150,000 300,000 54,200
165,000 330,000 495,000
148,500
16,500

Problem 5 Problem 6
500 300,000
125 75 90,000 Beg. 2019
10,000 30,000 21,000 2,019
1,250,000 2,250,000 3,500,000 411,000 2,020
2,021
2,021
 2,019 2,020
Premium lib Premium lib
360,000 600,000 Expense 240,000
810,000 720,000
240,000 150,000 180,000
60,000 72,000
150,000 20,000 24,000
600,000 720,000

30,000 18,000
18,000 25,000
12,000 16,000
360,000 27,000
810,000
Problem 4
2019
Warranty Lib Warranty Lib
16,000
54,000 70,000 89,000 98,000

16,000 25,000

Problem 7
Liability 2019 Liability 2022 Gain or loss 2023
807,198 1,636,363 200,000
887,917 2,023 1,800,000
976,709 2,000,000
1,074,380 413,223 PV 807,198 0.62092 0.826446
1,487,603 CA-WA 2,807,198 413,223
Dep. 561,440 206,612
1,122,879
1,536,102
2,019 2,022 2,023 Dep. 768,051
P or L P or L P or L
80,720 148,760 163,636
561,440 768,051 768,051
642,159 916,811 200,000
1,131,687