Question 31 The following information is available for FDNACCT Company for the year ended December 31,...

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Question 31 The following information is available for FDNACCT Company for the year ended December 31, 2021: Cash received from customers Cash received for rent Cash paid to suppliers and employees Taxes paid Withdrawals of owner P870,000 10,000 510,000 110,000 30,000 2 pts How much is the net cash flows from operating activities? Question 32 Partial worksheet for FDNACCT Co. reveals the following: Supplies on Hand Supplies Expense Unadusted Trial Balance DR CR 60,000 Adjustment DR 40,000 CR 40,000 Adjusted Trial Balance DR CR 20,000 40,000 2 pts Based on the worksheet above, how much was debited to Supplies Expense to update the Supplies on Hand account? Question 33 The data were provided to you by FDNACCT Trading for the year ended December 31, 2021: Accounts receivable Notes receivable Cash Equipment Accumulated depreciation equipment Supplies Prepaid insurance Merchandise inventory unts payable Notes payable Loans payable Allowance for doubtful accounts How much is the total assets of the company? P55,000 67,500 90,000 100,000 30,000 14,000 12,000 155,000 48,000 23,000 200,000 5,000 2 pts Question 35 FDNACCT's assets and liabilities at the beginning and end of the current year are as follows: Assets Liabilities Beginning Ending P260,000 P205,000 60,000 45,000 2 pts During the current year, the owner withdrew cash of P12,000 and made additional investments of P50,000. How much is the income (loss) for the year? Encode with a negative if the answer is a loss. Question 34 2 pts FDNACCT Trading started the business with an initial investment of P500,000. Supplies worth P23,000 were purchased on credit from the local supplies store. Goods amounting to P600,000 were purchased FOB Shipping Point. Freight costs amounted to P50,000. Salaries of workers amounting to P45,000 were paid. Utilities and other expenses paid amounted to P55,000. Sales amounted to P687,000. At the end of the first month of operations, P105,000 worth of inventory is still unsold while supplies on hand amounted to P3,000. How much is the income (loss) for the month? Encode with a negative if the answer is a loss. Question 36 The data were provided to you by FDNACCT Trading for the year ended December 31, 2021: Accounts receivable Notes receivable Cash Equipment Accumulated depreciation equipment Supplies Prepaid insurance Merchandise inventory Accounts payable Notes payable Loans payable Allowance for doubtful accounts How much is the equity? P55,000 67,500 90,000 100,000 30,000 14,000 12,000 155,000 48,000 23,000 200,000 5,000 2 pts Question 31 The following information is available for FDNACCT Company for the year ended December 31, 2021: Cash received from customers Cash received for rent Cash paid to suppliers and employees Taxes paid Withdrawals of owner P870,000 10,000 510,000 110,000 30,000 2 pts How much is the net cash flows from operating activities? Question 32 Partial worksheet for FDNACCT Co. reveals the following: Supplies on Hand Supplies Expense Unadusted Trial Balance DR CR 60,000 Adjustment DR 40,000 CR 40,000 Adjusted Trial Balance DR CR 20,000 40,000 2 pts Based on the worksheet above, how much was debited to Supplies Expense to update the Supplies on Hand account? Question 33 The data were provided to you by FDNACCT Trading for the year ended December 31, 2021: Accounts receivable Notes receivable Cash Equipment Accumulated depreciation equipment Supplies Prepaid insurance Merchandise inventory unts payable Notes payable Loans payable Allowance for doubtful accounts How much is the total assets of the company? P55,000 67,500 90,000 100,000 30,000 14,000 12,000 155,000 48,000 23,000 200,000 5,000 2 pts Question 35 FDNACCT's assets and liabilities at the beginning and end of the current year are as follows: Assets Liabilities Beginning Ending P260,000 P205,000 60,000 45,000 2 pts During the current year, the owner withdrew cash of P12,000 and made additional investments of P50,000. How much is the income (loss) for the year? Encode with a negative if the answer is a loss. Question 34 2 pts FDNACCT Trading started the business with an initial investment of P500,000. Supplies worth P23,000 were purchased on credit from the local supplies store. Goods amounting to P600,000 were purchased FOB Shipping Point. Freight costs amounted to P50,000. Salaries of workers amounting to P45,000 were paid. Utilities and other expenses paid amounted to P55,000. Sales amounted to P687,000. At the end of the first month of operations, P105,000 worth of inventory is still unsold while supplies on hand amounted to P3,000. How much is the income (loss) for the month? Encode with a negative if the answer is a loss. Question 36 The data were provided to you by FDNACCT Trading for the year ended December 31, 2021: Accounts receivable Notes receivable Cash Equipment Accumulated depreciation equipment Supplies Prepaid insurance Merchandise inventory Accounts payable Notes payable Loans payable Allowance for doubtful accounts How much is the equity? P55,000 67,500 90,000 100,000 30,000 14,000 12,000 155,000 48,000 23,000 200,000 5,000 2 pts

Answer rating: 100% (QA)

Answer Question 31 Net cash flows from operating activities can be calculated as follows Cash received from customers P870000 Cash received for rent P... View the full answer