Important Reminder: A TRUE LASALLIAN CHOOSES TO BE HONEST EVEN IF OTHERS ARE NOT, EVEN IF OTHERS CANNOT, & EVEN IF

OTHERS WILL NOT.

From the Student Handbook
2008-2009, Sec. 9.5, p. 75-76
The University strongly prohibits any form of intellectual dishonesty, most common of which are CHEATING & plagiarism.
Specifically prohibited are the following acts of dishonesty: Cheating during examinations which may be in the form of copying from
another persons answers, lifting from unauthorized materials, giving information to another student, or colluding or attempting to
collude with other students during an examination, having somebody else take ones examination or taking it for another person, and
using unauthorized notes or texts during an exam. The penalty for the offenses under the Academic & Intellectual Dishonesty will
range from a minimum of total loss of credit for the assignment or examination in question, suspension of not less than five school
days disciplinary probation for the rest of the students stay in the University & a maximum penalty of dismissal from the University.

University of St. La Salle-Bacolod City

COLLEGE OF BUSINESS AND ACCOUNTANCY

Endterm Examination AY 2016-2017
Accounting 1
Students Name: __________________________________________ Instructors Name: Bebelan A.
Madera, CPA, MBA
LONG PROBLEMS
PROBLEM 1

Required:

1
2
3

Prepare the Balance Sheet, Income Statement, Statement of Changes in Equity, in good
form, for December 31, 2014.
Prepare the Closing Entries
Prepare the Post Closing Trial Balance