CASE 4 Determination of Unknown Liability Accounts Unearned Income Accounts Payable Accrued Expenses Accrued Income Accrued Receivable Prepaid Expenses Cash and Cash Equivalents P50,000 100,000 25,000 10,000 210,000 30,000 300,000 How much is total liability accounts? CASES Determination of Unknown Owner's Equity Cash and Cash Equivalent Prepaid Expense Accrued Income Accrued Expense Accounts Receivable Accounts Payable Unearned Income P360,000 50,000 18,000 35,000 130,000 180,000 20,000 How much is total Owner's Equity? CASE 6 Determination of Unknown Expense Accounts Prepaid Expense Uncollectible Accounts Expense Accrued Expense Depreciation Expense Taxes and Licenses Salaries Expense Supplies Used Accounts Receivable Estimated Uncollectible Accounts P 35,000 3,500 16,000 17,000 15,000 20,000 10,000 25,000 ( 3,000) How much is the total expenses? P CASE 7 Calculation of Unknown Revenue Accounts Estimated Uncollectible Account Commission Income Utilities Expense Interest Income Unearned interest Income Accrued Income Miscellaneous Income (3,000) 75,000 9,000 35,000 10,000 20,000 5,000 How much is the total revenue? P If owner's equity, end is the same as owner's equity, beginning, 46 Calculation of the Unknown Amount of Profit CASE 8 P Uncollectible Account Expense Other Income Accrued Rent Expense Unearned Service Revenue Accrued Interest Income Depreciation Expense Delivery Equipment Taxes and licenses Service Revenue 8,000 20,000 15,000 20,000 9,000 30,000 450,000 7,000 100,000 P How much is the amount profit from operations? CASE 9 Calculation of the Unknown Amount of Loss Estimated Uncollectible Account Employees' Benefits Salaries and Wages Uncollectible Accounts Expense Professional Income Depreciation Expense Accrued Taxes and Licenses Repairs and Maintenance ( P4,000) 30,000 120,000 15,000 150,000 18,000 20,000 9,000 How much is the amount loss from operation? P CASE 10 - Profit Withdrawal Additional Investment 10,600 20,000 30,000 If owner's equity, beg. was P80,000, how much would be the Owner's Equity end? P CASE 11 Owner's Equity, Beg. Withdrawal during the period Additional Investment P 100,000 50,000 30,000 how much profit generated at the end of the period? P