Problem 4

Particulars Dr.
Cash ₱ 300,000.00
Land ₱ 450,000.00
Calaguas, Cap

Cash ₱ 100,000.00
Building ₱ 600,000.00
Mortgage Pay.
Dela Cruz, Cap

Problem 5
1.) Journal
Particulars Dr.
Cash ₱ 36,000.00
A/R ₱ 150,000.00
Inventory ₱ 460,000.00
Equipment ₱ 124,000.00
All. 4 uncoll. Accs
A/P
Espanol, Cap

Cash ₱ 730,000.00
Quino, Cap

2.) Balance Sheet

Fish R' Us
Statement of F.P
Jan. 1, 2023

ASSETS
Cash ₱ 766,000.00
A/R ₱ 150,000.00
Less: ADA ₱ 10,000.00 ₱ 140,000.00
Invent ₱ 460,000.00
Equip ₱ 124,000.00
TOTAL ASSETS ₱ 1,490,000.00
LIABILITIES AND OWNER'S EQUITY
A/P ₱ 30,000.00
Espanol, Cap ₱ 730,000.00
Quino, Cap ₱ 730,000.00
TOTAL LIABILITIES AND OWNER'S EQUITY ₱ 1,490,000.00

Problem 6
1.Books of Tolentino
A)
Tolentiono, Cap ₱ 42,000.00
Allow.
Accum Dep.

B)
A/P ₱ 36,000.00
Allow. ₱ 48,000.00
Accum. Dep. ₱ 20,000.00
Tolentino, Cap ₱ 310,000.00
Cash
A/R
Inv.
Equipm

2.) Books of Partnership

Cash ₱ 4,000.00
A/R ₱ 112,000.00
Inv ₱ 200,000.00
Equi ₱ 30,000.00
All.
A/P
Tolentino, Cap.

Problem 7

1. Books of Mulles
A. Adjustment
Mulles, Cap ₱ 321,250.00
Accum Dep ₱ 7,500.00
Allow.
Inv.
Prepaid Rent

B. Closing
Accum. Dep. ₱ 90,000.00
Notes Pay ₱ 330,000.00
A/P ₱ 505,500.00
Allow ₱ 304,000.00
Mulles, Cap ₱ 2,393,000.00
Cash
A/R
Inv
Store Equip
₱ 3,622,500.00
2. Books of Partnership
Cash ₱ 229,500.00
A/R ₱ 2,103,000.00
Inventory ₱ 900,000.00
Store Equip ₱ 300,000.00
Allow.
Notes Pay.
A/P
Mulles, Cap
₱ 3,532,500.00

Cash ₱ 1,582,500.00
Land ₱ 500,000.00
Building ₱ 1,450,000.00
Lucena, Cap

Problem 8
Book of the Partnership
1) Geron
Cash ₱ 11,000.00
A/R ₱ 234,536.00
Inventories ₱ 114,535.00
Land ₱ 603,000.00
F and F ₱ 50,345.00
Allow.
A/P
N/P
Geron, Cap
₱ 1,013,416.00

2) Yumol
Cash ₱ 22,354.00
A/R ₱ 567,890.00
Inventories ₱ 253,402.00
Building ₱ 428,267.00
F&F ₱ 34,789.00
Allow.
A/P
N/P
Yumol, Cap
₱ 1,306,702.00
 Problem 9
1) Medina
Cash ₱ 42,000.00
A/R ₱ 389,200.00
Merchandise Inv. ₱ 356,400.00
Office Supplies
Land
Building
Office Equip
Repair Equip
N/P
A/P
M/P
Medina, Capital

Problem 10

2) sarabia and abad

sarabia abad
₱ 1,000.00 ₱ 1,500.00

₱ 500.00 ₱ 800.00
₱ 1,000.00 ₱ 250.00
₱ 370.00 ₱ 270.00

-₱ 870.00 ₱ 180.00

cash ₱ 12,750.00
A/R ₱ 32,000.00
less: allow ₱ 640.00 ₱ 31,360.00
Invent ₱ 50,500.00
off equip ₱ 14,000.00
FF ₱ 40,000.00
pe ₱ 9,375.00
₱ 157,985.00

A/P ₱ 63,750.00
sal pay ₱ 800.00
rent pa ₱ 1,000.00
₱ 65,550.00

3) Ables and Galang

Ables
Cash ₱ 20,000.00
FF ₱ 15,000.00
Ables, cap

Cash ₱ 30,000.00
Inv ₱ 15,000.00
Build ₱ 40,000.00
Mortage pay
Galang cap

7) Lacson and Bernal

Lacson
Cash ₱ 50,000.00
Property ₱ 80,000.00
Mortgage
Lacson, cap

Bernal
Equip ₱ 55,000.00

8) Isada
Asset Liab Equity
₱ 75,000.00 ₱ 5,000.00 ₱ 70,000.00
-₱ 1,000.00 -₱ 1,000.00
-₱ 4,000.00 -₱ 4,000.00
₱ 65,000.00
 Asset Liab Equity
₱ 113,000.00 ₱ 34,500.00 ₱ 78,500.00
₱ 4,000.00 ₱ 4,000.00
-₱ 1,500.00 -₱ 1,500.00
₱ 81,000.00

9) Calma and Abello

Calma
Cash ₱ 150,000.00
Calma, Cap

Abello
Cash ₱ 50,000.00
Land ₱ 310,000.00
Mortgage

10) Padernalss
Padernal
Cash ₱ 100,000.00
Stapl Eqi ₱ 50,000.00
cap

Pating
Cash ₱ 160,000.00
cap

Liggayu
Cash ₱ 50,000.00
Eqi ₱ 120,000.00
cap

12) Kalaw
Kalaw
Cash ₱ 30,000.00
Mach ₱ 25,000.00
FF ₱ 10,000.00
Cap
Borromeo
Cash ₱ 70,000.00
Mach ₱ 75,000.00
Buildi ₱ 225,000.00
Mort
cap

14) F AND F
fami
land ₱ 25,000.00

fete
cash ₱ 50,000.00

15)
F L R
₱ 50,000.00 ₱ 80,000.00 ₱ 55,000.00
-₱ 35,000.00
₱ 45,000.00

16)
 Cr

₱ 750,000.00

₱ 400,000.00
₱ 300,000.00

Cr

₱ 10,000.00
₱ 30,000.00
₱ 730,000.00

₱ 730,000.00
 1. A/R
₱ 32,000.00 Net ₱ 144,000.00
₱ 10,000.00 Agreed -₱ 112,000.00
₱ 32,000.00

2. Accum Dep.
Nt ₱ 40,000.00
Ag ₱ 30,000.00
₱ 10,000.00
₱ 4,000.00
₱ 160,000.00 3. A/P ₱ 36,000.00
₱ 200,000.00
₱ 50,000.00

₱ 48,000.00
₱ 36,000.00
₱ 262,000.00

1.) a/r ₱ 2,103,000.00

₱ 1,799,000.00
₱ 187,000.00 new all. ₱ 304,000.00
₱ 112,500.00 ₱ 117.00
₱ 29,250.00 2. Inv
Net ₱ 1,012,500.00
Agreed ₱ 900,000.00
Decrease ₱ 112,500.00

3. Prepaid ₱ 29,250.00

4. Eqip
₱ 229,500.00 net ₱ 292,500.00
₱ 2,103,000.00 fv ₱ 300,000.00
₱ 900,000.00
₱ 390,000.00 Dec. in accum.dep ₱ 7,500.00
₱ 3,622,500.00
₱ 304,000.00
₱ 330,000.00
₱ 505,500.00
₱ 2,393,000.00
₱ 3,532,500.00

₱ 3,532,500.00

₱ 20,000.00
₱ 178,940.00
₱ 200,000.00
₱ 614,476.00
₱ 1,013,416.00

₱ 35,000.00
₱ 243,650.00
₱ 345,000.00
₱ 683,052.00
₱ 1,306,702.00
₱ 461,600.00
₱ 356,400.00
₱ 105,200.00
₱ 35,000.00

₱ 10,000.00
₱ 75,000.00

₱ 35,000.00
₱ 95,000.00
 3/3 = 450,000
1/3 = 150,000
2/3 = 300,000

₱ 30,000.00

₱ 150,000.00

₱ 160,000.00

₱ 170,000.00

₱ 65,000.00
₱ 80,000.00
₱ 290,000.00
₱ 117.00
₱ 304.00
₱ 304.00

₱ 187,000.00