Dasmariñas Integrated High School – Senior High School

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1

LEARNING ACTIVITY SHEET 6
LESSON 6 – WEEK 5 – BOOKS OF ACCOUNTS
Name: Date:
Grade Level & Section: Teacher:

Activity 1 -
Instructions: Identify what special journal that is applicable for the following
transactions:

____________________ 1. Collected PHP10,000 from a customer in payment of his account.

____________________ 2. Bought 100 pieces of mugs to be sold in the store amounting to
PHP1,500 on account.
____________________ 3. Sold five pieces of mugs to X, PHP320 cash.
____________________ 4. Sold two pieces of mugs to Y, PHP112 cash.
____________________ 5. Purchased office supplies for cash, PHP500.
____________________ 6. Paid PHP20,000 monthly rental
____________________ 7. Paid salary of staff, PHP15,000
____________________ 8. Sold 100 pieces of mugs to Unicup, Inc., PHP5,600 on account
____________________ 9. Sold 500 pieces of mugs to Bugsmore Corp. for PHP15,300
payable one month after delivery.
____________________ 10.Purchase on account 1,000 pieces of mugs for PHP12,400.

Activity 2 - ENGAGEMENT

Identify each journal and ledger.

2.

1
3.

4.

5.

6.

7.

8.

2
9.

Part 1 -
Write your Answers here:
1. __________________ 6. __________________
2. __________________ 7. __________________
3. __________________ 8. __________________
4. __________________ 9. __________________
5. __________________ 10. _________________

Part 2 – Essay - (5 pts each)

1. Differentiate the general journal from the special journals.

Answer:

2. Differentiate the general ledger from the subsidiary ledgers.

Answer:

Rubrics: 5 – Excellent 4 – Very Satisfactory 3 – Satisfactory 2 - Poor

Activity 3 – ASSESSMENT. Match the Contents of the General

Journal to its correct position in the journal. Choose the correct
answer from the box below the General Journal.

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Krizel Company started its operations on January 1, 2015 by its owners, Edi. It manufactures
and sells house furniture including sala sets, dining tables, etc. The following transactions
took place in January:
Jan. 1 – Edi Invested P280,000 in cash
2 – Krizel Company bought materials costing P20,000 from Casey Inc. On Account.
5 – Krizel Company borrowed P50,000 from Riley Bank through a Note payable.
7 – Krizel Company sold goods to Summer Inc. at P100,000 on account.
15 – Summer Inc. paid the P100,000 receivable of Krizel Company.

Purchase of inventories from Casey Inc. on account Notes Payable

50,000 Collection of customer’s account receivable
J1 2 7
Cash
100, 000 Edi Capital
Notes payable

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 Activity 4 – Reflection

I learned that
__________________________________________________________________________

__________________________________________________________________________

I realized that
__________________________________________________________________________

_________________________________________________________________________

Prepared by:

RICHPHER G. GAGALAC
Subject Teacher

5
 Dasmariñas Integrated High School – Senior High School
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1
LEARNING ACTIVITY SHEET 7
LESSON 7 – WEEK 6
Business Transactions and Their Analysis As Applied to the Accounting Cycle
of a Service Business
a. Rules of Debits and Credits

Name: Date:
Grade Level & Section: Teacher:

Activity 1 - Indicate in each independent case whether the account is to be

debited (DR) or to be credited (CR)

_____ 1. Increase in Accounts Payable _____ 6. Increase in Salaries Expense

_____ 2. Decrease in Capital account _____ 7. Increase in Office Equipment
_____ 3. Increase in Service Revenue _____ 8. Increase in unpaid Salaries
_____ 4. Increase in Cash _____ 9. Increase in Owner’s drawing account
_____ 5. Decrease in Accounts Receivable _____ 10. Increase in Interest Income

Activity 2 - ENGAGEMENT.

Instructions.

1. Think of a service business and put a name on it. Then create TEN (10) business
transactions that include the month and year of inception as well as the date of each
transaction. Take note always start with initial investment.
(On this part use an extra sheet of bond paper.)

Example.

January 3, 2021 – The owner bought supplies on account worth P10,000.

2. Journalize each transaction in a general journal.

(On this part you are required to use the attached general journal sheet.)

Activity 3 – ASSESSMENT
Journalize the following transactions. Use the attached
general journal sheet for this activity.

Jan 1 - JGF, the Owner, invested P250,000 cash in the company’s bank account.
Jan 3 – Paid P10,000 to city hall for a business permit.
Jan 5 – Purchased office supplies on account for P7,500
Jan. 10 – Purchased equipment for P35,000, paying P5,000 cash and issuing a note payable
for the remaining P30,000.
Jan 11 – Purchased furniture and fixtures on account amounting to P25,000
Jan 12 – Received cash of P35,000 from various customers for services rendered.
Jan 15 – Billed various customers on account for P25,000
Jan 30 – Collected P15,000 from the accounts receivable recorded Jan. 15.
Jan. 31 – Paid operating expenses amounting to P34,000 – P20,000 for Salaries, P10,000 for
rent, and P4,000 for utilities.
Jan. 31 – The owner withdrew P5,000 from the business for his personal use.

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Page 217 (Prepare Journal Entries)
Fundamentals of Accountancy, Business and Management 1 – Joselito G. Florendo

Activity 4 – Reflection

I learned that
__________________________________________________________________________

__________________________________________________________________________

I realized that
__________________________________________________________________________

_________________________________________________________________________

Prepared by:

RICHPHER G. GAGALAC
Subject Teacher

7
 Service Business
Chart of Accounts

Code Account Titles Code Account Titles

101 Cash 410 Service Revenues
105 Accounts Receivables 420 Rent Revenues
110 Notes Receivable 430 Interest Revenue
115 Supplies 510 Salaries Expenses
120 Prepaid Insurance 515 Supplies Expense
125 Furnitures and Fixtures 520 Insurance Expense
126 Accumulated Depreciation – Furnitures 525 Depreciation Expense - Building
130 Building 530 Depreciation Expense - Equipment
131 Accumulated Depreciation - Building 535 Transportation Expense
140 Equipment 540 Advertising Expense
141 Accumulated Depreciation - Equipment 545 Interest Expense
210 Accounts Payable 550 Utilities Expense
220 Notes Payable 555 Rent Expense
230 Salaries Payable 560 Organization Expense
240 Utilities Payable
250 Interest Payable
260 Unearned Revenue
310 Owners Capital
320 Owners Withdrawal

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 General Journal

Date Particulars P.R. Debit Credit

1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
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38 38
39 39
40 40
41 41
42 42
43 43
44 44
45 45
46 46
47 47
48 48
49 49
50 50

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 General Journal

Date Particulars P.R. Debit Credit

1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
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 Dasmariñas Integrated High School – Senior High School
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1
LEARNING ACTIVITY SHEET 8
LESSON 8 – WEEK 7 - 9
Business Transactions and Their Analysis As Applied to the Accounting Cycle
of a Service Business
b. posts transactions in the ledger
c. prepares a trial balance

Name: Date:
Grade Level & Section: Teacher:

Activity 1 –

Part 1 - Write the word “DEBIT” or “CREDIT” if it describes the following

situations.
____________ 1. The normal balance of an asset.
____________ 2. The normal balance of accounts payable
____________ 3. If the company incurred an expense you will write it in this side of the
account.
____________ 4. If the increase in equity will be recorded in this side of the account.
____________ 5. The cash balance beginning is P10,000 and cash ending balance is
P5,000, therefore which side of the account is the P5,000 used or disbursed?

Part 2 – Write the word “DEBIT” or “CREDIT” of the following account titles of which side of
the trial balance it describes.

____________ 1. Withdrawals
____________ 2. Salaries Expense
____________ 3. ABM Capital.
____________ 4. Service Revenue
____________ 5. Unearned Revenue

Activity 2 - ENGAGEMENT.

Continuation from LAS 7 – Activity 2 – Engagement

3. Post the transactions on the general ledger – (Use the attached general ledger sheets)

4. Prepare the trial balance. – (Use the back of the ledger sheet)

Activity 3 – ASSESSMENT
Journalize the following transactions.

Continuation from LAS 7 – Activity 3 – Assessment

3. Post the transactions on the general ledger – (use the attached general ledger sheets)

4. Prepare the trial balance. – (Use the back of the ledger sheet)

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Problem from Page 217
Fundamentals of Accountancy, Business and Management 1 – Joselito G. Florendo

Activity 4 – Reflection

I learned that
__________________________________________________________________________

__________________________________________________________________________

I realized that
__________________________________________________________________________

_________________________________________________________________________

Prepared by:

RICHPHER G. GAGALAC
Subject Teacher

12
 Service Business
Chart of Accounts

Code Account Titles Code Account Titles

101 Cash 410 Service Revenues
105 Accounts Receivables 420 Rent Revenues
110 Notes Receivable 430 Interest Revenue
115 Supplies 510 Salaries Expenses
120 Prepaid Insurance 515 Supplies Expense
125 Furnitures and Fixtures 520 Insurance Expense
126 Accumulated Depreciation – Furnitures 525 Depreciation Expense - Building
130 Building 530 Depreciation Expense - Equipment
131 Accumulated Depreciation - Building 535 Transportation Expense
140 Equipment 540 Advertising Expense
141 Accumulated Depreciation - Equipment 545 Interest Expense
210 Accounts Payable 550 Utilities Expense
220 Notes Payable 555 Rent Expense
230 Salaries Payable 560 Organization Expense
240 Utilities Payable
250 Interest Payable
260 Unearned Revenue
310 Owners Capital
320 Owners Withdrawal

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 GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

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 GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

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 GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

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 GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

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 GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

GENERAL LEDGER
Account Name .
Account Number

Date Explanation Ref Debit Credit Balance

2021

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