IDNStudy.com, ang iyong mapagkukunan para sa mga sagot ng eksperto. Makakuha ng hakbang-hakbang na mga gabay para sa lahat ng iyong teknikal na tanong mula sa mga miyembro ng aming komunidad.
CTIVITY D: Case Analysis:
Analyze the case and find out if Joe Razon was able to compute the
total assets and total owner’s equity of the business as of the quarter
ended December 30, 2018 correctly? Show the solutions. (20 points)
Joe Razon, the sole proprietor of the photocopying
business that opened October 1, 2018. For the quarter ended
December 30, 2018, the business was able to make revenues of
₱50,000 (all in cash) and it was able to incur expenses of
₱35,000 (all in cash). As the end of the quarter, total liabilities
amounted to ₱50,000. Joe Razon wants to know the business
total assets and total owner’s equity. With the help of his friend
who is an accountant, he arrived at ₱75,000 total assets and
₱25,000 total owner’s equity. Moreover, Joe Razon had a Cash
investment of ₱45,000 cash and Equipment amounting to
Salamat sa iyong kontribusyon. Patuloy na magbahagi ng iyong karanasan at kaalaman. Ang iyong ambag ay napakahalaga sa aming komunidad. May mga katanungan ka? Ang IDNStudy.com ang may sagot. Bisitahin kami palagi para sa pinakabagong impormasyon.
