ABM2 QE1.docx - Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus Dapitan city

ABM2 QE1.docx - Republic of the Philippines JOSE RIZAL...

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Republic of the Philippines JOSE RIZAL MEMORIAL STATE UNIVERSITY The Premier University in Zamboanga del Norte Main Campus, Dapitan city SENIOR HIGH SCHOOL- ABM STRAND FUNDAMENTALS OF ABM 2 1 st QUARTER EXAM NAME: DATE: PROGRAM & YEAR: GENDER: M( );F( );L( );G( );B( );T( ) GENERAL INSTRUCTION: Apply everything that you have learned from the previous discussion. Understand carefully each question and answer it with strict diligence. Use only ball pen, of any color, in answering. Write your answers in the notebook. NaglibogNami Enterprise provided the following information: December 31, 2018 Accounts Payable P 26,100 Accounts Receivable 292,500 Accumulated Depreciation- Delivery Vehicle 92,483 Accumulated Depreciation- Furniture and Fixtures 450 Accumulated Depreciation- Office Equipment 27,546 Advertising Expense 4,100 Cash 98,580 Delivery Vehicle 212,000 Electricity and Water Expense 2,100 Freight-in 1,340 Freight-out 400 Furniture and Fixtures 60,000 Gain on sale of Plant and Equipment 1,300 Interest Expense 1,000 Interest Revenue 2,800 Merchandise Inventory 180,000 Notes Payable 40,000
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  • Spring '18
  • Depreciation, Expense, Generally Accepted Accounting Principles, Depreciation- Office Equipment,  Merchandise inventory

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