Resulta and Magpantay-Obliga Shaira Mae.docx -...

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT
Shaira Mae Obliga
BSA – 4 th Year
Activity: RESULTA AND MAGPANTAY
Resulta, Capital Magpantay,
Capital
Profit Ratio 60% 40%
Balance before restatement - 1,330,000 1,080,000
Add/deduct -
Allowance for Uncollectible
Accounts
45,000 27,000 18,000
Inventory 50,000 30,000 20,000
Accrued Expenses 40,000 24,000 16,000
Balance after restatement