Republic of the Philippines

Province of Batangas
CITY OF TANAUAN

TANAUAN CITY COLLEGE

TANAUANCityofColors

E-mail: tanauancitycollege@gmail.com Tel. No.: (043) 702 – 6979; (043) 706 – 6961; (043) 706 – 3934
URL: https://www.facebook.com/pages/Tanauan-City-College/554034167997845

Midterm Examination
BUSINESS FINANCE
ABM 12
Score
and
Name:
Rating
Surname Given Name M.I.

Year and Section:

Date:

Prepare the Horizontal analysis for Overage General Merchandise

Overage General Merchandise

Statement of Financial Position
June 30, 2018 and 2017
2018 2017
Accounts Payable 850,000.00 650,000.00
Accounts Receivable (Net) 712,000.00 540,000.00
Advances from Customers 350,000.00 460,000.00
B. Thin, Capital 787,000.00 494,000.00
Bonds Payable 550,000.00 500,000.00
Cash 2,400,000.00 1,650,000.00
Equipment Net 432,000.00 500,000.00
Furniture and Fixture Net 288,000.00 240,000.00
Inventories 350,000.00 200,000.00
Loans Payable 700,000.00 250,000.00
Mortgage Payable 1,540,000.00 1,150,000.00
Notes Payable 575,000.00 780,000.00
Notes Receivable 550,000.00 750,000.00
Office Supplies 45,000.00 60,000.00
Prepaid Advertising 60,000.00 54,000.00
Prepaid Rent 120,000.00 120,000.00
Retained Earnings 360,000.00 600,000.00
Taxes Payable 125,000.00 50,000.00
Vehicle Net 880,000.00 820,000.00
 GOOD LUCK
RAM

Prepared by:

ROMEL A. MARFA
Instructor