CHAPTER 21 - CHAPTER 21 MULTIPLE CHOICE 21-1 21.2 21.3 21.4...

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CHAPTER 21 MULTIPLE CHOICE 21-1 b 21.2 a 21.3 a 21.4 b 21.5 b 21.6 a 21.7 c 21.8 a 21.9 a 21.10 c 21.11 d 21.12 b 21.13 b 21.14 a 21.15 a Excess of income over expenses P 200 Depreciation 70 Increase in due from national government agencies ( 10) Increase in prepaid rent ( 15) Increase in accounts payable 30 Cash provided by operating activities P 275 139
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PROBLEMS Problem 21-1 1. Memo entry in the RAOPS, RAOMO, RAOCO and RAOFE. 2. Cash – National Treasury – MDS 2,000,000 Subsidy Income from National Government 2,000,000 3. Memo entry in the RAOPS, RAOMO, RAOCO and RAOFE. 4. Office equipment 50,000 Accounts payable 50,000 5. Cash – Disbursing Officer 40,000 Cash – National Treasury – MDS 40,000 6. Salaries and wages – Regular 44,000 Personal economic relief allowance (PERA) 3,000 Additional compensation 3,000 Due to BIR 3,500 Due to GSIS 5,500 Due to Pag-ibig 400 Due to Philhealth 600 Cash – Disbursing Officer 40,000 7. Due to GSIS 5,500 Due to Pag-ibig 400 Due to Philhealth 600 Cash – National Treasury – MDS 6,500 8. Life and retirement contribution 5,500 Pag-ibig contribution 400 Philhealth contribution 600 Cash – National Treasury – MDS 6,500 9. Electricity 5,000 Telephone expense – Landline 4,000 Accounts payable 50,000 Due to BIR 5,000 Cash – National Treasury – MDS 54,000 10. Due to BIR 4,500 Subsidy income from national government 4,500 11. Cash – Collecting Officer 90,000 Sales revenue 40,000 Permit fees 30,000 Miscellaneous income 20,000 12. Cash in Bank – Local currency – Current account 90,000 Cash – Collecting Officer 90,000 140
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Problem 21-2 Building 1. Memo entry in RAOCO. 2.
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This note was uploaded on 12/04/2010 for the course BSA ge103 taught by Professor Santos during the Spring '10 term at Edison College.

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CHAPTER 21 - CHAPTER 21 MULTIPLE CHOICE 21-1 21.2 21.3 21.4...

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