1 Quiz 1 introduction - Google drive.google.com PROBLEM D: Some information that was taken from the books of Earth Spirit Corporation are as follows: Beginning W P131,250 Accounts receivable 93,000 Service income for the year (all are on credit) ? Liabilities 42,520 Kaolin, Capital Assuming there were no additional investments nor withdrawal during the year. Q5: How much was collected from customers during the year? Q6: What is the total amount of cash disbursements during the year? End 204,340 234,500 P312,000 312,500 ? Q7: Assuming total assets, beginning and end is P451,200 and P502,300 respectively, How much is the net income (loss) during the year? [4] Q8: based on Q7, How much is the net increase/decrease in liabilities during the year? BCSV