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    Answer Sheet in Fundamentals of Accountancy, Business and Management 1 Quarter1 Week 6

    Uploaded by

    Florante De Leon
    The document is an answer sheet for an accounting fundamentals test that provides details of business transactions for Bud's Computer Repair Shop throughout the month of May. It includes 13 transactions involving investing capital, purchasing equipment and supplies, providing repair services to customers by billing or collecting amounts due, paying bills, hiring an employee, withdrawing funds, and making a payment on account. Students are required to prepare journal entries for each transaction.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Answer Sheet in Fundamentals of Accountancy, Business and Management 1 Quarter1 Week 6

    Uploaded by

    Florante De Leon
    248 views1 page
    The document is an answer sheet for an accounting fundamentals test that provides details of business transactions for Bud's Computer Repair Shop throughout the month of May. It includes 13 transactions involving investing capital, purchasing equipment and supplies, providing repair services to customers by billing or collecting amounts due, paying bills, hiring an employee, withdrawing funds, and making a payment on account. Students are required to prepare journal entries for each transaction.

    Original Description:

    fabm abm week 6

    Original Title

    FABM 1-Answer Sheet-Q1-W6

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    © © All Rights Reserved

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    The document is an answer sheet for an accounting fundamentals test that provides details of business transactions for Bud's Computer Repair Shop throughout the month of May. It includes 13 transactions involving investing capital, purchasing equipment and supplies, providing repair services to customers by billing or collecting amounts due, paying bills, hiring an employee, withdrawing funds, and making a payment on account. Students are required to prepare journal entries for each transaction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    248 views1 page

    Answer Sheet in Fundamentals of Accountancy, Business and Management 1 Quarter1 Week 6

    Uploaded by

    Florante De Leon
    The document is an answer sheet for an accounting fundamentals test that provides details of business transactions for Bud's Computer Repair Shop throughout the month of May. It includes 13 transactions involving investing capital, purchasing equipment and supplies, providing repair services to customers by billing or collecting amounts due, paying bills, hiring an employee, withdrawing funds, and making a payment on account. Students are required to prepare journal entries for each transaction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Answer Sheet in Fundamentals of Accountancy, Business and Management 1

    Quarter1 Week 6

    Name: ________________________________________ Score: ____________________


    Grade/Section: _______________________________

    Week 6
    I. Lesson: Accounting Equation
    II. Learning Competencies: ABM_FABM11-IIIf-22
    III. Content/Assessment

    A. Create a journal entry the following transactions using journal sheets.

    May 1 Buddy Bungal invested P210,000 in Bud’s Computer Repair


    Shop.
    2 Purchased repair equipment from Ocean Park for P30,000.
    Check was issued in the amount of P18,000 with the balance
    being placed on account.
    8 Repaired a customer’s computer billing him, for P5,000. 10
    Repaired a customer’s computer for P8,800 of which 80% was
    collected with the balance on account.
    12 Received and paid the telephone bill by issuing check in the
    amount of P3,000.
    13 Purchased repair supplies by issuing a check in the amount of
    P3,000.
    14 Collected the amount due from customer from transaction dated
    May 8.
    18 Hired additional helper for the shop with the salary of P5,000
    per month.
    19 Paid P9,000 as partial payment for Ocean Park.
    20 Repaired customer’s computer and collected P6,000.
    25 Received electric bill for the month amounting to P1,500.
    30 Buddy Bungal withdrew P5,000 for personal use

    Required.

    Prepare Journal Entries If you have any questions


    or concerns about the matter
    above, please do not hesitate
    to contact me: Mr. Florante P. De Leon,
    FB Messenger:
    https://m.me/florante.deleon

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