Name:: # Information

.C.
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ion
100
80
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40 West
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1st 2nd 3rd 4th
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. Name : Mohammed Mohammed Rabea Ali Mohammed
. Date of Birth : 20 / 12 / 1084
. Nationality : Egyptian
. Marital Status : Single
Address : Kafrel-Elw , 40 Eastern Deer , beside

Abo-Khalil
. Turn , Helwan Governrate
E-Mail : Mohamed . rabeia @ yahoo.com
Mobile No. : 017 1733730 / 012 9101175 / 012

. 6157712
emic #
ications
Business Diploma : Accounting Dept. , Roda Institute *
for
. Commercial Technicians . Good Mark . May 2005
Bachelor of Commerce : Accounting Dept. , Cairo *

University
. Good Mark . May 2008
I've an experience in the field of Tourism &

Marketing ; as
I worked in the following companies related to both
: fields
Pharoanic Co. for real estate : From 15 / 6 / 2004 *

to 1 / 2 / 2005
. Position assigned : Sales Manager
. Job tasks : Public Relations Supervisor
. Americana Co. Costa Coffee Restaurant Chain *

. From 15 / 6 / 2005 to 10 / 10 / 2006
. Position assigned : Sales representative
. Job tasks : Team leader assistant
ing Courses & #

s
ICDL , Faculty of Engineering , Programming Dept. Cairo *
. Univ
. Officially Sponsored by : UNESCO
. Ability to understand different moods & attitudes *
Have a good sense of persuasion & competition & *

. challenge
. Reading , Drawing as well as practicing Athletic *
Name : Ph.D. Ali El-Faramawy . Tel :

011 2600803
Name : Mr. Ahmed Mahmoud Abdel-Salam . Tel : 017
7670702
Exam : 2006 . Part one : Accounting ##
Cairo University
Question No.1: El-Hoda Co. started its operations on July *
2006. The
: Following transactions occurred during july 2006
. July 1, Owner invested L.E. 100 000 cash in the business -1
July 5, Purchased supplies L.E. 5000 & office equipment -2
L.E.15 000
. On account
July 10,Rendered services for L.E.15 000 received L.E.5000 & -3
the rest
. On account
. July 15, paid for its items purchased on July 5 -4
. July 20, paid for advertising expense L.E. 5000 -5
July 25 , received L.E. 10 000 cash from customers for -6
services offered
. (In transactions (3
July 30, Owner withdrew L.E. 7 000 from business to pay -7
.personal exp
July 31, paid L.E. 1 000 for secretary salary & L.E,. 2 000 for -8
. July rent
Required : 1- Prepare Journal entries to record the above *
. transactions
Post related journal entries to Cash & A/R account -2
. only
Questions No. 2 : The Trial Balance & adjusting data for "El-
Wafaa
: Business " at Dec. 31, 2005 were as follows
Cash L.E. 64 000
Account receivable L.E. 4 200
Supplies L.E. 800
Unexpired insurance L.E. 2 000
Furniture L.E. 16 000
Accum . Dep . L.E. 4 000
Furniture
Account payable L.E. 6 000
Notes payable L.E. 8 400
Owner's capital L.E. 26 600
Owner's withdrawals L.E. 14 000
Service revenue L.E. 80 000
Salaries expenses L.E. 19 000
Rent expenses L.E. 3 000
Utilities expenses L.E. 2 000
Total
Adjusting Data : 1- Supplies used during the year L.E. *
. 500
. Insurance expense for the year l.E. 1 600 -2
. Depreciation on the furniture L.E. 2 000 -3
Unrecorded service revenue to be collected later . L.E. -4
5000
Required : Prepare Income statement , Owner's Equity *
statement
. And Balance Sheet
Exercise No. 6 : El-Safwah Co. adjusts its books at the end of
Dec. 31
annually . The following balances taken at Dec.31 2008
before any
: adjustment operations
Unexpired Insurance Accum Dep. Building L.E.
L.E.18 000 24 000
Building L.E. Cost of purchases L.E.
600 000 155 500
Account receivable L.E. Unused Supplies L.E.
59 300 1 200
Cash L.E. Land L.E.
63 500 150 000
El-Safwah Capital L.E. El- Safwah Drawing
500 000 L.E.12000
Sales L.E. Sales returns
530 100 L.E. 4 500
Miscellaneous exp. L.E. Salaries expenses L.E.
2000 55 000
Inventory Jan. 1 L.E. Unearned revenue L.E.
73 000 12 000
Wages expenses . L.E. Sales discount L.E.
10 000 2 300
Account payable L.E. Bank L.E.
150 000 10 000
Equipment L.E. Accrued Advertising L.E. 23
30 000 300
: Adusting Data*
Examination of Policy showed L.E. 12 000 -1
. remained
. Or Examination of Policy showed It covers 3 years
Supplies on hand were estimated to amount L.E. -2
. 400
. Or Supplies expired L.E. 800
. Building is depreciated over 25 years useful life -3
. Or Building is depreciated by 4 % annually
. Equipment is depreciated over 10 years useful life -4
. Or Equipment is depreciated by 10 % per year
. Accrued Salaries not paid yet . L.E. 5000 -5
. Or Monthly Salaries L.E. 5 000
. Maintenance incurred & will be paid later L.E. 600 -6
. Or Monthly Maintenance L.E. 50
. Unearned revenue L.E. 2 000 -7
Inventory market price L.E. 45000 , book price L.E. 50 -8
. 000
. Required : 1- Prepare Income Statement #
. Prepare Balance sheet -2
Solution : Adjustment Preparation *
Unexpired Insurance Jan.1 5- Salaries Exp. -1

Jan. 1
L.E. 18 000 L.E. 55
000
Exp. Dec.31 Exp.
Dec. 31
L.E. 6000 L.E. 12 000 L.E. 5 000
L.E. 5 000
Insurance exp. Unexpired Ins. L.E. 60 000
Inc. State. * B . Sheet Salaries exp. *
Accrued Sal
Or
Unused Supplies Jan . 1 5/2 Salaries Exp. -2
Jan. 1
L.E. 1 200 L.E. 55
000
Exp. Dec. 31 Exp.
Dec. 31
L.E. 800 L.E. 400 L.E. 60 000
L.E. 5 000
Supplies exp. Unused Supplies Salaries exp.
.Accrued Sal
Inc. State. * B. Sheet * Inc. State. *
* B. Sheet
Accum. Dep. Build. Jan. 1 6- Maintenance -3

Exp. Jan.1
-------------- L.E. 24 000
Exp. Dec. 31 Exp.
Dec. 31
L.E. 24 000 L.E. 48 000 L.E. 600
L.E. 600
Dep. Exp. Accum. Dep. Maint. Exp.
Accrued Maint
* B. Sheet
Accum. Dep. Equip. Jan.1 7- Unearned -4

Revenue Jan.1
L.E. 12 000 ---------------
Exp. Dec.31 Earned.
Dec. 31
L.E. 3 000 L.E. 3 000 L.E. 2 000
L.E. 10 000
Dep. Exp. Accum. Dep. Earned rev.
.Unearned rev
* B. Sheet
El – Safwah Company
Income Statement
Dec. 31, 2008
.Dr .Cr
Account Title .L.E .L.E
Sales * 000 530
Less : Sales Discount 300 2
Sales Returns 500 4 ( 800 6 )
I- Net Sales 200 523
Inventory Jan. 1 ## 000 73

Add : Cost of purchases 500 155
Cost of goods 500 228
available ( 000 45 )
Less : Inventory Dec. 31
(500 183)
II - Cost of goods Sold
700 339
III- Gross Profit
Less : Operating
: Expenses 000 6
800
.Insurance exp 000 24
.Supplies exp 000 3
Depreciation exp. 000 60
Build 600
Depreciation exp. 000 10
Equip 000 2
.Salaries exp (400 106)
.Maintenance exp 300 233
.Wages exp
.Miscellaneous exp
Total Operating
expenses
IV- Net Income
El- Safwah Company
Balance Sheet
Dec. 31 , 2008
Assets * Partial Total
: Current Assets * .L.E .L.E
Cash 500 63
Bank 000 10
Account receivable 300 64
Unexpired Insurance 000 12
Unused Supplies 400
Inventory Dec. 31 000 45
Total Current Assets ## 200 195
Fixed Assets **
Land 000 150
Building L.E. 600
000 000 552
Less : Accum. Dep. L.E. (48
(000
000 27
000 729
Equipment L.E. 30 200 924
000
Less : Accum. Dep. L.E. (3
000 164
(000
300 23
Total Fixed Assets ##
000 10
Total Assets
000 5
: II-***Current Liabilities 600
Account payable
900 202
Accrued advertising
Unearned revenue 000 500
Accrued Salaries 300 233
Accrued 300 733
Maintenance ( 000 12 )
.Total Current Liab ## 300 721
: III-**** Owner's Equity 200 924
El- Safwah Capital
Jan.1
Add : Net Income
Subtotal #
Less : El- Safwah Drawing
El-Safwah Capital
Dec.31
. Total Liab . & O . E ##

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.C.

. Name : Mohammed Mohammed Rabea Ali Mohammed

. Date of Birth : 20 / 12 / 1084

. Marital Status : Single

Address : Kafrel-Elw , 40 Eastern Deer , beside

. Turn , Helwan Governrate

E-Mail : Mohamed . rabeia @ yahoo.com

Mobile No. : 017 1733730 / 012 9101175 / 012

. Commercial Technicians . Good Mark . May 2005

Bachelor of Commerce : Accounting Dept. , Cairo *

. Good Mark . May 2008

I've an experience in the field of Tourism &

Pharoanic Co. for real estate : From 15 / 6 / 2004 *

. Americana Co. Costa Coffee Restaurant Chain *

. Job tasks : Team leader assistant

ing Courses & #

. Officially Sponsored by : UNESCO

. Ability to understand different moods & attitudes *

Have a good sense of persuasion & competition & *

. Reading , Drawing as well as practicing Athletic *

Name : Ph.D. Ali El-Faramawy . Tel :

Unexpired Insurance Jan.1 5- Salaries Exp. -1

Accum. Dep. Build. Jan. 1 6- Maintenance -3

Accum. Dep. Equip. Jan.1 7- Unearned -4

Inventory Jan. 1 ## 000 73

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