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BMC 3 Final Examination Sample

Accounting Reviewer Balance Sheet CTTO

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15 views

BMC 3 Final Examination Sample

Accounting Reviewer Balance Sheet CTTO

Uploaded by

rheanzyra
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Lapu-Lapu City College

COLLEGE OF HOSPITALITY AND TOURISM MANAGEMENT

Don B. Benedicto Rd., Gun-ob, Lapu-Lapu City, 6015


School Code:7174

COLLEGE OF HOSPITALITY AND TOURISM MANAGEMENT

Instructions: Make an Accounting Equation Table and Balance Sheet for the following transactions of PDL Company.
October 1 Purchased Machineries worth 150,000 on Account October 15 Received Php 700,000 worth Vehicle from Bank Loan
October 3 Received Cash worth Php 28,000 for the Products Sold October 17 Owner invested Cash amounting to Php 1,200,000
October 18 Paid the remaining Balance on the note for the Furniture
October 4 Received Php 400,000 Cash from Bank Loan
October 20 Owner invested Land amounting to Php 900,000
October 6 Purchased Supplies worth Php 12,000 Cash October 21 Purchased Supplies worth 15,000 on Account
October 7 Owner withdrew Php 45,000 Cash for personal use October 22 Purchased Machineries worth Php 100,000
October 9 Paid half of the amount due on Machineries October 24 Owner invested additional Php 500,000 Cash
October 11 Paid half of the Bank Loan October 26 Paid half of the worth of the Vehicle on the Bank Loan
October 12 Purchased additional Supplies worth Php 6,000 October 28 Purchased Supplies worth Php 80,000
October 14 Purchased Furniture worth Php 18,000, paid half of it Cash October 29 Paid the remaining Balance of the Bank Loan
and issued Promissory Note for the balance October 31 Paid the outstanding balance for Supplies on Account

ASSETS LIABILITIES CAPITA


L
Date Cash Land Supplies Machineries Furniture Vehicle Loans Notes Accounts
Payable Payable Payable

October 1 150, 150,000


000
October 3 28,000 28,000
October 4 400,000 400,000
October 6 (12,000) 12,00
0
October 7 (45,000) (45,000)
October 9 (75,000) (75,000
)
October (200,000) (200,000)
11
October (6,000) 6,000
12
October (9,000) 18,000 9,000
14
October 700,000 700,000
15
October 1,200,000 1,200,000
17
October (9,000) (9,000)
18
October 900,000 900,000
20
October 15,00 15,000
21 0
October (100,00 100,000
22 0)
October 500,000 500,000
24
October (350,000) (350,000)
26

October (80,000) 80,000


28
October (550,000) (550,000)
29
October (15,000) (15,000)
31
Total 677,00 900,000 113,00 250,000 18,000 700,000 0 0 75,000 2,583,000
0
2,658,000 75,000 2,583,000
TOTAL 2,658,000

PDL Company
BALANCE SHEET
As of October 31, 2024

ASSETS
Cash Php 677,00
Land 900,000
Supplies 113,000
Machineries 250,000
Furniture 18,000
Vehicle 700,000

Total Assets 2,658,000

LIABILITIES AND CAPITAL

LIABILITIES

Accounts Payable Php 75,000

CAPITAL 2,583,000

TOTAL LIABILITIES AND CAPITAL 2,658,000

Website: www.llcc.edu.ph Fb page: LLCC Public Information Office

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