Problem 3 Problem 9

Cash 4,000,000 (300,000*.5)-90,000=60,000

Land 3,000,000
Luke Capital 3,000,000 Problem 10
Caleb Capital 3,500,000
Mortgage Payable 500,000 Cash
Accounts Receivable
Less: Allowance for DA
Problem 6 Merchandise Inventory
Accrued Exp and Prepaid Exp
Cash Php 2,000,000 Php3,000,000 Accounts Payable
Inventory - 1,500,000 Tried's Capital
Building - 4,000,000
Equipment 1,500,000 -

Cash 5,000,000
Inventory 1,500,000
Building 4,000,000
Equipment 1,500,000
Love's Capital 3,500,000
Joy's Capital 7,500,000
Mortgage Payable 1,000,000

Problem 7

Cash 50,000
Equipment 135,000
AKO's Capital 50,000
IKAW's Capital 80,000
SIYA's Capital 55,000
 Problem 11

AAC= (495,000/.40*.6) – 465,000 = 277,500

Problem 15

35,900 Cash
Accounts Receivable 960,000
100,000 100,000 Less: Allowance for Bad debts 19,200
Merchandis
22,500 Accrued Exp and Prepaid Exp
Accounts Payable
158,400 Mario Capital
158,000 158,000
1,280,400

940,800
1,600,000
84,000
496,000
3,409,200
3,905,200 3,905,200
Total
210,000 210,000