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d. Purchases 183,750
Accounts Payable 183,750
#
e. Cash 170,400
Accounts Recievable 170,400
#
g. Expenses 39,900
Cash 39,900
#
h. Cash 80,100
Branch Current 80,100
#
Home
c. Expenses 150
Accrued Expenses 150
#
a. Cash 63,750
Home Office Current 63,750
#
d. Purchases 33,750
Accounts Payable 33,750
#
e. Cash 80,100
Accounts Recievable 80,100
#
i. Expenses 27,000
Cash 27,000
Branch
c. Expenses 450
Accrued Expenses 450
#
Branch
a. Sales 99,000
Income Summary 99,000
#
Cash 6,375
Accounts recievable 18,900
Inventory 35,200
Prepaid Expense 1,125
Furniture and Fixture 12,000
Less: Accu. Depreciation Expense 975 11,025
Total 72,675
Sales
Cost Of Sales:
Shipment to home office 75,300
Purchases 33,750
Less: Invty, End -35,250
Gross Income
Less: Expenses 26,325
Depreciation Ex. 975
Comprehensive Income
Cebu Company- Branch
Statement of Financial Position
as of December 31,2016
Liability
Accounts Payable 15,375
Accrued Expense 450
Total Liability 15,825
Equity
Capital 58,950
Less: loss 2,100
Total Capital 56,850
Cebu Company
Statement of Comprehensive Income
for the year ended Dec. 31,2016
99,000
73,800
25,200
27,300
-2,100