Pleasehelp, its ok no explanation.. no choices for no.38 thank you
Cash - P800,000, Jar, 1, 2020; P xxxxx xx77 , Doc. 31, 2020; Cash - P830,000, Jan, 1, 2020; P xxxxxxx?? . Dec. 31, 2020; Accounts Receivable - P50,000, Jan 1, 2020 220,000, Dec. 31, 2020; Accounts Receivable - P50,000, Jan 1, 2020; P220,000, Dec. 31, 2020; Inventory - P30,000, jan. 1, 2020; P150,000, Dec, 31, 2020, X Inventory - P30,000, jan. 1, 2020; P150,000, Dec. 31, 2020; Prepaid Expenses - P20,000. Jan 1, 2020; P50,090, Dec, 31, 2020, Prepaid Expenses - P20,000, Jan 1, 2020, P50,000, Dec 31, 2020, Property and Equipment - P1.500.000, Jan. 1, 2020: P2,840,000, Dec. 31, 2020; Property and Equipment - P1,500,000, Jan. 1, 2020; PZ,840,000, Dec. 31, 2020; Trade Payables - P200,000, Jan 1, 2020, P330,000, Dec. 31. 2020: Trade Payables - P200,000, Jan 1, 2020, P330,000, Dec. 31, 2020; Loans Payable - FO.00, Jan. 1, 2020; P900,000, Dec. 31, 2020; Loans Payable - PO.00, Jan. 1, 2020; P8DO,000, Dec. 31, 2020; Other Long-term Payables - P30,000, Jan 1, 2020; P990,000, Dec. 31, 2020. Other Long-term Payables - P30,000, Jan 1, 2020; P990,000, Dec. 31, 2020. Additional information are as follows; Additional information are as follows: Net income for 2020 is P880.000 Not income for 2020 is P880,000 Depreciation for the year 2020 is P340.000 Movements in the Property and equipment above is due to (1] purchase Depreciation for the year 2020 is P340,000 of new equipment for P500,000 cash, (2) sale of an equipment with a carrying Movements in the Property and equipment above is due to (1) purchase value of P120,000 for P240,000 cash and (3) an acquisition of land valued at of new equipment for P500,000 cash, (2] sale of an equipment with a carrying P960,000 in exchange of a note for the same amount which was reflected as value of P120,000 for P240,000 cash and (3) an acquisition of land valued at other long-term payables. P960,000 in exchange of a note for the same amount which was reflected as The owner withdrew P300,000 cash ather long-term payables. Borrowed P800,000 cash from the bank using a long-term loan facility The owner withdrew P300,000 cash Borrowed P800,000 cash from the bank using a long-term loan facility Q44: How much is the net cash provided (used) in financing activities? Q45: How much is DALMI HAIR STUDIO'S Cash on December 31, 20207 (A) P 500,090 (A) F 760,000 B (F 800,000) P 1,950,000 (P 500,000) D) P 800,000 C P 1,150,000 (D P 740,000 105 minutes remaining Lost saved 17:15:38 AM Save and Cl :11 12 Quarterly Examination: Attempt 1 Cash - P800,000, Jan, 1. 2020: P xxxxx xx77 , Dec. 31, 2020; X MARKJIN MERCHANDISING had the following information relating to his business on December 31, 2019: Cash, P500,000; A/R. P200,000, Supplies, X Accounts Receivable - P50,000, Jan 1, 2020; P220,000, Dec. 31, 2020; Inventory - P30,000, Jan. 1, 2020, P150,000, Dec. 31, 2020; P30,000; //P. P100,000; Loans Payable, P200,000: Land, P1,000,000; Building. Prepaid Expenses - P20,000, Jan 1, 2020; P50,000, Dec. 31, 2020; P750,000; and Notes Receivable, P6,000,000. Payments for the Notes receivable Property and Equipment - P1.500,000, Jan. 1, 2020; P2,840,000, Dec. 31, 2020. are to be made equally amounting to P2,000,000 every 3 years starting Trade Payables - P200,000. Jan 1, 2020, P330,000, Dec. 31, 2020; December 31, 2020, in addition, an interest of 2.5% is also to be received 10 days Loans Payable - P0.00, Jan. 1, 2020; P800,000, Dex, 31, 2020; after year-end. How much is MARKJIN MERCHANDISING's current assets on Other Long-term Payables - P20,000, jan 1, 2020: P990,000, Dec. 31, 2020. December 31, 20197 Additional information are as follows: A) P 10,255,000 Net income for 2020 is PRRD,090 Depreciation for the year 2020 is P340,090 B P 2,730,000 Movements in the Property and equipment above is due to (1) purchase of new equipment for P500,000 cash, (2) sale of an equipment with a carrying value of P120,000 for P240,000 cash and (3) an acquisition of land valued at P Z,830,000 P960,000 in exchange of a note for the same amount which was reflected as other long-term payables D P 7,280,000 The owner withdrew P900.000 cash Borrowed P800,000 cash from the bank using a long-term loan facility Q43: How much is the net cash provided (used) in investing activities of DALMI HAIR STUDIO Question 38 1 Point The following was taken from the 2020 financial statements of PSYCHO SOTY Accounts receivable, Jan 1 - P216,000; Accounts receivable, Dec 31 - P304,000; B) P 260,900 Cash sales and credit sales - P4.380,000, Bad debts expense - P10,000 (no accounts receivable were written off or recovered during the year.) How much is CP 1,220,000 the cash collected from PSYCHO SOTY customers during 20207 (D) (P 1,220,000)
