Total Score
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FOURTH GRADING EXAMINATION
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANGEMENT 1
Name:_____________________________ Permit #:______________
JOURNALIZING SERVICE CONCERN TRANSACTIONS
V. Yu opens a boardinghouse business in Davao City. The
following were transactions for the first month of operation:
December 1- Invested an amount of 2,000,000 to the City Savings.
2- Acquired supplies for cash costing
P 2,000
4- Bought a delivery truck for cash P 13,000
and issued a note for the balance.
7- Bought supplies on account P 5,000.
10- Rendered Rent services to various hotels in the city
and received cash, P 17,000 and on account, P 10,000.
17- Paid electricity bill, P 8,000.
16- Full payment of equipment.
18- Withdraw cash of P 3,000 for his personal use.
21- Billed a customer for services rendered, P10,000.
25- Advances to employees amounted to P 12,000.
28- Collected from customer’s account of December 10.
29 - Received cash P 30,000 but services has to be
rendered yet.
31- Paid internet connection to Globe, Inc., P 1,200.
_______________
FOURTH GRADING EXAMINATION
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANGEMENT 1
Name:_____________________________ Permit #:______________
JOURNALIZING SERVICE CONCERN TRANSACTIONS
V. Yu opens a boardinghouse business in Davao City. The
following were transactions for the first month of operation:
December 1- Invested an amount of 2,000,000 to the City Savings.
2- Acquired supplies for cash costing
P 2,000
4- Bought a delivery truck for cash P 13,000
and issued a note for the balance.
7- Bought supplies on account P 5,000.
10- Rendered Rent services to various hotels in the city
and received cash, P 17,000 and on account, P 10,000.
17- Paid electricity bill, P 8,000.
16- Full payment of equipment.
18- Withdraw cash of P 3,000 for his personal use.
21- Billed a customer for services rendered, P10,000.
25- Advances to employees amounted to P 12,000.
28- Collected from customer’s account of December 10.
29 - Received cash P 30,000 but services has to be
rendered yet.
31- Paid internet connection to Globe, Inc., P 1,200.
