Reference no: EM132800892
Question - Baguio Corporation was organized on January 3, 2017 with a capital stock fully paid up to Php 50,000. At December 31, 2017 of the same year, the general ledger of Baguio Corporation showed the following accounts and balances
Merchandise Inventory 21,500
Land 16,500
Building 12,000
Furniture and Fixtures 3,500
Accounts Receivable - Trade 6,200
Accounts Payable - Trade 3,400
Notes Payable - Bank 7,000
Notes Payable - Trade 5,000
Sales 18,550
Expenses paid (excluding purchases) 7,996
Your examination of the bank statement for December disclosed the following information:
Bank Balance, December 31, 2017 4,037
Bank Charges 8
Checks not returned by the bank
October 16, 2017 Check No. 1784 120
November 17, 2017 Check No. 1978 110
December 11, 2017 Check No. 2346 245
Your examination also revealed the following information: Cash received on December 31, 2017 which was deposited January 2, 2018 amounted to 441. The cost of merchandise sold was Php 12,243.
Required -
1. Compute for the payments on purchases.
2. Compute for the Cash Book Balance.
|
Explain the relationship between orthodoxy and orthopraxy
: Write a paper (1,250-1,500 words) that explores the relationship between orthodoxy, orthopraxy, and doctoral research. Include the following in your paper.
|
|
Find the proper valuation for the raw materials inventory
: The company has not yet included manufacturing overhead in its inventories. Find the proper valuation for the raw materials inventory at December 31, 2017
|
|
Nomination satisfy the criteria of intelligence
: Would this nomination satisfy the criteria of intelligence, ethical, and integrity? If so how and if not why not?
|
|
Advise the parties of any potential claims
: 1. Happy plc is a successful building company which has 2 subsidiary companies, Apple Limited and Orange Limited. The directors of Happy plc are all directors o
|
|
Compute for the payments on purchases
: Cash received on December 31, 2017 which was deposited January 2, 2018 amounted to 441. Compute for the payments on purchases
|
|
Determine the partnership precedent agreement
: You should refer to the Partnership Act 1890, the partnership precedent agreement in your Unit Guide and relevant case law. You should not draft any clauses.
|
|
What sorts of toys are marketed for boys or for girls
: Visit a major toy store and look for evidence of the social category of gender. What sorts of toys are marketed for boys or for girls? How might these toys.
|
|
The constitutional reform act 2005
: 'The Lord Chancellor, other ministers of the Crown and all with responsibility for matters relating to the judiciary or otherwise to the administration of justi
|
|
Locate published code of conduct from a public university
: Through a web search, locate the published code of conduct from a public university, as well as the the student handbook for SNHU.
|