Republic of the Philippines

LAGUNA STATE POLYTECHNIC UNIVERSITY

San Pablo City Campus

Brgy. Del Remedio, San Pablo City

FINAL EXAMINATION IN AE21/IT TOOLS APPLICATION IN BUSINESS

First Semester, Academic Year 2023-2024

Name:_________________________________ Date:________________________

Year/ Section :_____________________________ Score:_______________________

PART I. Prepare the following Financial Statements of the company based on the Trial Balance below.

ERYN & ANYA ENTERPRISES

Trial Balance

December 31, 2023

Account Title Dr. Cr.

Cash 50,000

Accounts Receivable 300,000

Allowance for Doubtful Accounts 20,000

Merchandise Inventory 350,000

Prepaid Insurance 36,000

Furniture & Fixtures 200,000

Accumulated Depreciation 30,000

Equipment 250,000

Accumulated Depreciation 20,000

Accounts Payable 100,000

Loans Payable 200,000

ERYN, Capital 604,000

ERYN, Drawing 10,000

Sales 1,500,000

Sales Discount 20,000

Sales Returns and Allowance 5,000

Purchases 850,000

Purchase Returns and Allowances 4,000

Purchase Discount 8,000

Freight In 65,000

Salaries and Wages 200,000

Rent Expense 60,000

Utilities Expense 75,000

Supplies Expense 15,000

Total 2,486,000 2,486,000

PARTII. Prepare the Payroll Summary of ERYN & ANYA ENTERPRISES for the period covered JANUARY 1 TO 15, 2024.

Employee Name Basic Pay late overtime SSS Loan

Sarah Anne Ramirez 30,000 1.5hrs 5 1,000
Sheryl Grace Zotomayor 30,000 - 6
Mary Grace Alvero 32,000 3hrs 4.5 1,000
Reese Lynette Limpengco 31,350 2.5hrs 6
Cherissa Mae Gabatin 29,800 1.5hrs 5 1,000
Heidi Gabarda 25,000 - 8
Joan Nicolas 25,000 30mins 10 1,000
Zehvan Escobar 25,000 1.75hrs 9
Amy Antonio 28,000 75mins 10 1,000
Ana May Rodriguez 32,000 - 5 1,000
Denka Salvosa 30,000 3hrs 4 1,000
Ichee Gesmundo 30,000 2.75hrs 7
Chrisalez Ladra 29,800 2.5hrs 8
Mary Grace Aquino 29,800 1hr 8

Phil.Health, Pag-ibig and SSS Contribution is based on the rates as prescribed by the agency. (Search online) provide
your basis.

*Make sure that the payroll summary is in alphabetical order.

GOODLUCK!!!

RACIEL CARISSA B. PUYO, MBA elizabeth b. yang, CPA,MBA DESIREE L. WAGAN, PHD

Instructor Program Coordinator Dean, CBAA

Seasonality affects electrical costs in ways other than occupancy day changes. Common areas, such the reception area,
need to be maintained for longer periods of time in the winter than they are in the summer. The fixed electrical
expenses will vary seasonally as a result. In addition, the number of days in a month will have an impact on fixed costs.
Put differently, expenses such as common area lighting are constant regardless of the number of occupied rooms
during the month, but vary based on the number of days in the month. Aside from these more systematic concerns,
individual guest careful spending may also have an impact on electrical costs. When they depart a room, some visitors
will turn out the lights.