plewse answer

1. Problem 1 Total Liabilities | Harden Company reported the following information on December 31, 2018: Bonds payable P500,000 Discount on bonds payable 300,000 Loan payable, with P500,000 payable semi-annually starting 06/30/2019 2,500,000 Accounts payable 1,000,000 Unearned rent income 300,000 Income tax payable 250,000 Cash dividends payable 100,000 Cash surrender value of officers' life insurance 75,000 Patent 60,000 Advances to employees 45,000 Deferred tax liability 15,000 Loan of James guaranteed by Harden (it is possible that James will be held liable for the guarantee) 500,000 Share dividends payable 150,000 Bank overdraft - part of cash management 10,000 Total liabilities to be reported in the company's December 31, 2018 statement of financial position is 2. Problem 2 Current Liabilities | An analysis of Howard Company s liabilities on December the following information: Accounts payable, after deducting debit balances in suppliers' accounts amounting to P100,000 and postdated checks of P50,000 P4,000,000 Bonds payable 1,000,000 Premium on bonds payable 100,000 Mortgage payable 850,000 Share dividends payable 750,000 Credit balances in customers' accounts 500,000 Premiums payable 600,000 Deferred tax liability 200,000 Deferred revenue 175,000 Accrued expenses 150,000 The deferred tax liability is based on temporary differences that will reverse in 2019. Total amount of current liabilities in the statement of financial position is_ 3. Problem 3 Bonus Payable | Tony Co. provides an incentive compensation plan under which its chief executive officer receives a bonus equal to 10% of the company's income in excess of PB80,000 before bonus and income tax. If income before bonus and income tax for 2018 amounted to P2,200,000 and income tax rate is 30%, the amount of bon s would be 4. Problem 4 Unearned Revenue | Ginobili Company sells gift certificates redeemable only when merchandise is purchased. The certificates have an expiration date two years after issuance date. Upon redemption or expiration, Ginobili recognizes the uneamed revenue as realized. Data for 2018 are as follows: Unearned revenue, 1/1 P1,500,000 Gift certificates sold 5,000,000 Gift certificates redeemed 4,000,000 Expired gift certificates 300,000 Cost of goods sold 60% Page 1 of 4 | Intro on Liabilities Audit Workbook At December 31, 2018, Ginobili Company should report unearned revenue at