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32 Assume the following: EE name Leni Bong RastaMan Monthly Salary 28,000 34,000 43,000 OT rendered 12 hrs 10 hrs 0 Average Working Days per month: 21.75 Days Service hours per day: 8 hours OT Rate: 1.25% Net Pay of Employee Leni: * (1 Point) Enter your answer T 33 Jennie Company bought computers amounting to P50,000 but paid only P40,000 as she got a discount of P10,000 from the supplier. However, she asked her accountant to record the computers at P50,000. What principle was violated by this transaction? (1 Point) Going Concern Business Entity Concept O Exchange price or Cost Principle Reporting Period 34 In line with the policy pay as you earn, this is a deduction paid to the BIR. * (1 Point) SSS HDMF Philhealth Withholding Tax 35 Reversing entries are 1. normally prepared for prepaid, accrued, and estimated items. 2. necessary to achieve a proper matching of revenue and expense. 3. desirable to exercise consistency and establish standardized procedures. (1 Point) G 0 1 & 2 36 Statement 1 - Merchandise inventory purchased on account is recorded in purchase journal Statement 2 - Collection from credit customers should be recorded in cash receipt journal." (1 Point True False O True True Sale The false false