Scribd Logo
Upload

Welcome to Scribd!

  • 2 views

    Mockquiz Solution

    Uploaded by

    hacej34281

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Mockquiz Solution

    Uploaded by

    hacej34281
    2 views8 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    XLSX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    2 views8 pages

    Mockquiz Solution

    Uploaded by

    hacej34281

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 8

    ACOSTA COMPANY

    UNADJUSTED CAPITAL 2,700,000.00


    A INC IN MERCHANDISE 150,000.00
    B UNCOLLECTIBLE ACCNTS (225,000.00)
    C INTEREST RECEIVABLE 7,500.00
    D INTEREST PAYABLE (31,250.00)
    E DEC IN F&F (450,000.00)
    F SUPPLIES 12,500.00
    ADJUSTED CAPITAL 2,163,750.00

    AGUAS CASH INVESTMENT 1,081,875.00

    CASH 1,681,875.00
    NOTES RECEIVABLE 375,000.00
    INTEREST RECEIVABLE 7,500.00
    ACCNTS RECEIVABLE 2,100,000.00
    UNCOLLECTIBLE ACCNTS (225,000.00)
    SUPPLIES 12,500.00
    MERCH INV 750,000.00
    F&F 900,000.00
    TOTAL ASSETS OF PARTNERSHIP 5,601,875.00

    NOTES PAYABLE 750,000.00


    INTEREST PAYABLE 31,250.00
    ACCNTS PAYABLE 1,575,000.00
    TOTAL LIABILITIES 2,356,250.00
    TOTAL PARTNERSHIP CAPITAL 3,245,625.00
    TOTAL LIBILITIES & PARTNERS' EQUITY 5,601,875.00

    GO YAN PARTNERSHIP

    GO YAN TOTAL
    CASH 300,000.00 700,000.00 1,000,000.00
    MACHINE & EQUIP 250,000.00 750,000.00 1,000,000.00
    BUILDING 0.00 2,250,000.00 2,250,000.00
    FURN & FIX 100,000.00 100,000.00
    MORTGAGE PAYABLE (800,000.00) (800,000.00)
    650,000.00 2,900,000.00 3,550,000.00
    MP NOT ASSUMED 800,000.00
    650,000.00 3,700,000.00 4,350,000.00

    YOBAB & BAGLEE

    YOBAB BAGLEE TOTAL


    CASH 15,000.00 37,500.00 52,500.00
    A/R 540,000.00 225,000.00 765,000.00
    INVENTORY 202,500.00 202,500.00
    MACHINERY & EQUIP 150,000.00 270,000.00 420,000.00
    A/P (135,000.00) (240,000.00) (375,000.00)
    570,000.00 495,000.00 1,065,000.00
    M&E DEP (15,000.00) (45,000.00) (60,000.00)
    REC DEC (120,000.00) (45,000.00) (165,000.00)
    435,000.00 405,000.00 840,000.00

    TA&EH
    TA EH TOTAL
    INTEREST ON AVE CAP 10,340.00 8,800.00 19,140.00
    REMAINING 53,430.00 53,430.00 106,860.00
    SHARING 63,770.00 62,230.00 126,000.00
    CAP BEF PROFIT 59,000.00 46,000.00 105,000.00
    CAP ENDING 122,770.00 108,230.00 231,000.00

    TA
    1/1 45,000.00 12/12 45,000.00
    4/1 (5,000.00) 9/12 (3,750.00)
    8/1 10,000.00 5/12 4,166.67
    10/1 5,000.00 3/12 1,250.00
    12/1 4,000.00 1/12 333.33
    59,000.00 47,000.00
    10,340.00

    EH
    1/1 35,000.00 12/12 35,000.00
    6/1 10,000.00 7/12 5,833.33
    9/1 (3,000.00) 4/12 (1,000.00)
    10/1 (1,000.00) 3/12 (250.00)
    12/1 5,000.00 1/12 416.67
    46,000.00 40,000.00
    8,800.00

    MYTHIC

    NET DEC IN CAPITAL (1,200,000.00)


    INVESTMENT 500,000.00
    WITHDRAWAL (2,600,000.00)
    SHARE IN NET INCOME 900,000.00
    DIVIDED BY % OF SHARE 0.30
    TOTAL PROFIT 3,000,000.00

    AJ, BJ. CJ
    AJ BJ CJ
    BONUS 4,800.00
    INTEREST 1,000.00
    SALARIES 10,000.00 12,000.00
    REMAINING 10,000.00 10,000.00 5,000.00
    SHARING 20,000.00 11,000.00 21,800.00
    CAPITAL bef closing 90,000.00 110,000.00 50,000.00
    ENDING CAP 110,000.00 121,000.00 71,800.00

    GASPARELLI

    Preferred share, P100 par value 230,000.00


    Paid-in capital in excess of par value preferred 80,500.00
    Common share, P15 par value 525,000.00
    Paid in capital in excess of par – common 275,000.00
    Subscribed common share 5,000.00
    Retained earnings 190,000.00
    Notes payable 400,000.00 1,305,500.00 SHE
    Subscriptions receivable – common 40,000.00 1,035,000.00 LEGAL CAPITAL

    BABY JEAN

    PREFERRED SHARE CAPITAL


    2,500,000.00
    SHARE PREMIUM-PS 1,500,000.00
    COMMON SHARES CAPITAL 15,000,000.00
    SHARE PREMIUM-CS 3,000,000.00
    SUBSCRIBED COMMON SHARES CAP 1,000,000.00 23,000,000.00 CONTRIBUTED CAPITAL
    RETAINED EARNINGS 5,000,000.00

    EAST CO
    135,000.00

    BRANDY CO

    450,000.00
    2,400,000.00
    3,600,000.00 ORIGINAL SUBSCRIPTION PRICE
    30.00

    PS CAPITAL 6,600,000.00
    PS SUBSCRIBED 600,000.00
    SHARE PREMIUM-PS 240,000.00
    SUBSCRIPTION REC-PS (360,000.00)
    OS CAPITAL 720,000.00
    OS SUBSCRIBED 720,000.00
    SHARE PREMIUM-OS 2,850,000.00
    SUBSCRIPTION REC-OS (1,080,000.00)
    RETAINED EARNINGS 1,250,000.00
    SHE 11,540,000.00

    72,000.00
    66,000.00

    6,600,000.00 720,000.00
    600,000.00 720,000.00
    7,200,000.00 1,440,000.00
    (360,000.00) (1,080,000.00)
    240,000.00 2,850,000.00
    7,080,000.00 3,210,000.00
    4,350,000.00

    TOTA ASSETS ###


    TOTAL LIAB 375,000.00
    TOTAL EQUITY 840,000.00
    ###
    TOTAL
    4,800.00
    1,000.00
    22,000.00
    25,000.00
    52,800.00
    250,000.00
    302,800.00

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy