Patnership
Patnership
Patnership
Mones 2,000,000.00
Pitular 1,000,000.00
Tuazon
Salary allowances
Mones 120,000.00
Pitular 60,000.00
Tuazon
Interest
Mones 100,000.00
Pitular 50,000.00
Tuazon
Remainder
(90,000.00)
Mones -45000
Pitular -22500
Tuazon
Problem #11
Net Sales
Sales
Less: Sales Return & Allowance
Sales Discount
Net Sales
Cost of Sales
Merchandise Inventory 01/01/22
Purchase 5,407,160.00
Less: Purchase Return & Allowance 259,600.00
Purchase Discount 43,050.00 302,650.00
Net Purchase 5,104,510.00
Transportation In 224,880.00
Net Cost of Purchases
Good Available for Sale
Less: Merchandise Inventory 12/31/22
Cost of Sales
Gross Profit
General Expense 149,390.00
Selling Expense 385,880.00
Interest Expense 35,000.00
Total Operating Expense
Operating Profit
Calamba Santiago
Initial Investment 612000.00 499600.00
Salary
Calamba 330000.00
Santiago 290000.00
Interest
61200.00
49960.00
Remainder
1,468,850.00
734425.00
734425.00
Profit 1125625.00 1074385.00
Asset
Cash ₱132,310.00
Accounts Receivable 545,070.00
Allowance for Uncollectible Accounts 18,790.00 526,280.00
Merchandise Inventory 0.00
Prepaid Insurance 7,350.00
Equipment 753,150.00
Accumulated Depreciation-Equipmen 462,870.00 290,280.00
Total Asset 956,220.00
3,000,000.00
60,000.00 240,000.00
50,000.00 200,000.00
-22500 -90000
87,500.00 350,000.00
###
375,750.00
0.00 375,750.00
6,779,250.00
1,440,590.00
5,329,390.00
0.00
1,320,420.00
4,008,970.00
570,270.00
2,200,010.00
1111600.00
620000.00
111160.00
1468850.00
TOTAL
1,111,600.00
111,160.00
1,222,760.00
571,200.00
651,560.00
2,200,010.00
2,851,570.00
0.00
2,851,570.00
Initial Investment
Salaries Allowance
Interest
Remainder
SubTotal