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    Ae21 Finals 20231

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    dan.nics19
    The document appears to be a final exam for a business course assessing students' ability to prepare financial statements and payroll summaries using information provided, including a trial balance and employee payroll data for a company called Eryn & Anya Enterprises. The exam is signed by the instructor, program coordinator, and dean of the College of Business Administration and Accountancy, and includes instructions for students to complete financial statements and a payroll summary.

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    Ae21 Finals 20231

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    dan.nics19
    8 views2 pages
    The document appears to be a final exam for a business course assessing students' ability to prepare financial statements and payroll summaries using information provided, including a trial balance and employee payroll data for a company called Eryn & Anya Enterprises. The exam is signed by the instructor, program coordinator, and dean of the College of Business Administration and Accountancy, and includes instructions for students to complete financial statements and a payroll summary.

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    The document appears to be a final exam for a business course assessing students' ability to prepare financial statements and payroll summaries using information provided, including a trial balance and employee payroll data for a company called Eryn & Anya Enterprises. The exam is signed by the instructor, program coordinator, and dean of the College of Business Administration and Accountancy, and includes instructions for students to complete financial statements and a payroll summary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views2 pages

    Ae21 Finals 20231

    Uploaded by

    dan.nics19
    The document appears to be a final exam for a business course assessing students' ability to prepare financial statements and payroll summaries using information provided, including a trial balance and employee payroll data for a company called Eryn & Anya Enterprises. The exam is signed by the instructor, program coordinator, and dean of the College of Business Administration and Accountancy, and includes instructions for students to complete financial statements and a payroll summary.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Republic of the Philippines

    LAGUNA STATE POLYTECHNIC UNIVERSITY

    San Pablo City Campus

    Brgy. Del Remedio, San Pablo City

    FINAL EXAMINATION IN AE21/IT TOOLS APPLICATION IN BUSINESS

    First Semester, Academic Year 2023-2024

    Name:_________________________________ Date:________________________

    Year/ Section :_____________________________ Score:_______________________

    PART I. Prepare the following Financial Statements of the company based on the Trial Balance below.

    ERYN & ANYA ENTERPRISES

    Trial Balance

    December 31, 2023

    Account Title Dr. Cr.

    Cash 50,000

    Accounts Receivable 300,000

    Allowance for Doubtful Accounts 20,000

    Merchandise Inventory 350,000

    Prepaid Insurance 36,000

    Furniture & Fixtures 200,000

    Accumulated Depreciation 30,000

    Equipment 250,000

    Accumulated Depreciation 20,000

    Accounts Payable 100,000

    Loans Payable 200,000

    ERYN, Capital 604,000

    ERYN, Drawing 10,000

    Sales 1,500,000

    Sales Discount 20,000

    Sales Returns and Allowance 5,000

    Purchases 850,000

    Purchase Returns and Allowances 4,000

    Purchase Discount 8,000

    Freight In 65,000

    Salaries and Wages 200,000

    Rent Expense 60,000


    Utilities Expense 75,000

    Supplies Expense 15,000

    Total 2,486,000 2,486,000

    PARTII. Prepare the Payroll Summary of ERYN & ANYA ENTERPRISES for the period covered JANUARY 1 TO 15, 2024.

    Employee Name Basic Pay late overtime SSS Loan


    Sarah Anne Ramirez 30,000 1.5hrs 5 1,000
    Sheryl Grace Zotomayor 30,000 - 6
    Mary Grace Alvero 32,000 3hrs 4.5 1,000
    Reese Lynette Limpengco 31,350 2.5hrs 6
    Cherissa Mae Gabatin 29,800 1.5hrs 5 1,000
    Heidi Gabarda 25,000 - 8
    Joan Nicolas 25,000 30mins 10 1,000
    Zehvan Escobar 25,000 1.75hrs 9
    Amy Antonio 28,000 75mins 10 1,000
    Ana May Rodriguez 32,000 - 5 1,000
    Denka Salvosa 30,000 3hrs 4 1,000
    Ichee Gesmundo 30,000 2.75hrs 7
    Chrisalez Ladra 29,800 2.5hrs 8
    Mary Grace Aquino 29,800 1hr 8

    Phil.Health, Pag-ibig and SSS Contribution is based on the rates as prescribed by the agency. (Search online) provide
    your basis.

    *Make sure that the payroll summary is in alphabetical order.

    GOODLUCK!!!

    RACIEL CARISSA B. PUYO, MBA elizabeth b. yang, CPA,MBA DESIREE L. WAGAN, PHD

    Instructor Program Coordinator Dean, CBAA

    Seasonality affects electrical costs in ways other than occupancy day changes. Common areas, such the reception area,
    need to be maintained for longer periods of time in the winter than they are in the summer. The fixed electrical
    expenses will vary seasonally as a result. In addition, the number of days in a month will have an impact on fixed costs.
    Put differently, expenses such as common area lighting are constant regardless of the number of occupied rooms
    during the month, but vary based on the number of days in the month. Aside from these more systematic concerns,
    individual guest careful spending may also have an impact on electrical costs. When they depart a room, some visitors
    will turn out the lights.

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