Saint Vincent College of Cabuyao

Brgy. Mamatid, City of Cabuyao, Laguna

Business Transactions Analysis

MIDTERM EXAM

Name: Score:
Course & Section: Date:

Problem I

1. Billy invested P 100,000 cash and P 25,000 furniture and fixtures.

2. Rendered P22,000 consultancy services to Coleen on account
3. Bought P28,000 furniture and fixtures from Emmalyn Co. on account
4. Services rendered to Jayson for cash P 87,000.
5. Services rendered to Mr. Fernando on account P 21,000.
6. Paid Emmalyn in full.
7. Collected P 10,000 from Mr. Fernando
8. Mr. Fernando settled his account in full.
9. Received bill from Meralco for the month, P 1,090
10. Returned defective chair to Emmalyn Co. P 4,000.
11. Made an additional investment for P 32,000.
12. Paid PLDT P 906.

Instructions: Analyze the following transactions. Determine the increases/ decreases of the given
transactions using the following accounts: Cash, Accounts Receivable, Furniture and Fixtures,
Accounts Payable, Utilities Payable and Billy, Capital.

Example: 1. Increase in Cash 100000

Increase in Furniture and Fixtures 25000
Increase in Billy Capital 125000

* Do not put comma on your answers because the system will consider your answers incorrect.
Problem II

1. Anne invested P 100,000 cash and P 20,000 medical equipment.

2. Loaned P 200,000 from BDO Bank.
3. Bought P 25,000 medical equipment from Palamos Medics on account.
4. Services rendered to Ms. Reyes for cash P 65,000.
5. Services rendered to Mr. Hain on account P 28,000.
6. Paid Palamos Medics for equipment on account.
7. Paid BDO Bank 10% interest for the loan.
8. Paid the water bill services P 1,000.
9. Paid utilities for the month P 2,400.
10. Collected account from Mr. Hain.
11. Made an additional investment of P 40,000.
12. Paid loan to BDO Bank.

Instructions: Analyze the following transactions. Determine the increases/ decreases of the given
transactions using the following accounts: Cash, Accounts Receivable, Medical Equipment,
Accounts Payable, Loans Payable and Anne, Capital.