Shareholders' Equity Share Capital Share Premium

12

10

Shareholders' Equity Share Capital Share Premium

0
 Shareholders' Equity Share Capital Share Premium Retained Earnings
12

10

Shareholders' Equity Share Capital Share Premium Re-

tained Earnings
6

0
Demonyo ni valix 8-2

Debit Credit
Cash 400,000
Accounts Receivable 800,000
Allowance for doubtful accounts 50,000
Inventories 1,000,000
Land 500,000
Building 5,000,000
Accumulated Depreciation - Building 2,000,000
Machinery 3,000,000
Accumulated Depreciation - Machinery 1,200,000
Equipment 400,000
Accumulated Depreciation - Equipment 100,000
Investment in Associate 1,300,000
Prepaid Expenses 100,000
Trademark 150,000
Secret processes and formulas 200,000
Notes Payable 750,000
Accounts Payable 350,000
Income Tax Payable 50,000
Accrued Expenses 60,000
Mortgage payable in quarterly installments P100,000 2,000,000
Estimated liability for damages 140,000
Share Capital 3,000,000
Share Premium 300,000
Retained Earnings 2,350,000
Bank loan Payable - due June 2023 500,000
Total 12,850,000 12,850,000
Current Assets
Cash 400,000
Trades and other Receivables 750,000
Total current assets 1,150,000

Noncurrent Assets
Property, Plant and Equipment 6,600,000
Intangible Assets 350,000
Investment in Associate 1,300,000
Prepaid Expenses 100,000
Total Noncurrent Assets 8,350,000

Total assets 9,500,000

Current Liabilities
Trade and other Payables 3,210,000
Estimated Liability for damages 140,000
Total Current Liabilities 3,350,000

Noncurrent Liabilities
Bank Loan Payable - due June 2023 500,000
Total Noncurrent Liabilities 500,000

Shareholders' Equity
Share Capital 3,000,000
Share Premium 300,000
Retained Earnings 2,350,000
Total Shareholders' Equity 5,650,000

Total Liabilities and Shareholders' Equity 9,500,000

Demonyo ni Valix 8-3

Debit Credit
Accoounts Payable 1,000,000
Accounts Receivable 650,000
Allowance for Doubtful Accounts 50,000
Accrued taxes payable 50,000
Accrued interest receivable 30,000
Share capital, P100 par 3,500,000
Building 5,500,000
Accumulated Depreciationo 2,500,000
Cash on hand 50,000
Cash in bank 650,000
Bond sinking fund 2,000,000
Furniture and Equipment 2,400,000
Accumulated Depreciation - Furniture and Equipment 900,000
Inventory 1,200,000
Investment Property 700,000
Land 1,000,000
Deferred Tax Liability 650,000
Bonds Payable due June 30, 2022 2,000,000
Notes Payable 850,000
Notes Receivable 200,000
Patent 370,000
Other accrued liabilities 150,000
Prepaid Expenses 100,000
Share Premium 300,000
Retained Earnings 2,900,000
Total 14,850,000 14,850,000
Current Assets
Cash and Cash Equivalents 700,000
Trade and other Receivables 830,000
Prepaid Expenses 100,000
Total current assets 1,630,000
Noncurrent Assets
Property, Plant and Equipment 5,500,000
Long term Investments `` 2,700,000
Inventory 1,200,000
Intangible Assets 370,000
Total noncurrent assets 9,770,000

Total Assets 11,400,000

Current Liabilities
Trade and other payables 4,050,000
Total current liabilities 4,050,000

Noncurrent Liabilities
Deferred Tax Liability 650,000
Total noncurrent liabilities 650,000
Total liabilities 4,700,000
Shareholders' Equity
Share Capital, P100 par 3,500,000
Share Premium 300,000
Retained Earnings 2,900,000
Total shareholders' equity 6,700,000

Total liabilities and shareholders' equity 11,400,000