B. From the following information, prepare a balance sheet as at December 31, 2014 for Super Sports Club owned and operated by Cora Ann Basa: Cash deposited in the name of Super Sports Club - capifall investment Personal Savings Account of Basa Office Furniture & Fixture Drawings Residential House and Lot of Basa - Dracoings Salaries Payable to employees Mortgage Payable on residential house and lot of Basa Accounts Payable for repair of sports equipment +Unpaid household bills Drawings +Personal Car of Basa- Prawings Office Supplies Sports Equipment tc. P 100.000 140,000 35,000 2,100,000 18,000 1,200,000 12,000 15,000 500,000 10,000 1,250,000

B. From the following information, prepare a balance sheet as at December 31, 2014 for Super Sports Club owned and operated by Cora Ann Basa: Cash deposited in the name of Super Sports Club - capifall investment Personal Savings Account of Basa Office Furniture & Fixture Drawings Residential House and Lot of Basa - Dracoings Salaries Payable to employees Mortgage Payable on residential house and lot of Basa Accounts Payable for repair of sports equipment +Unpaid household bills Drawings +Personal Car of Basa- Prawings Office Supplies Sports Equipment tc. P 100.000 140,000 35,000 2,100,000 18,000 1,200,000 12,000 15,000 500,000 10,000 1,250,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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