SELF-PACED LEARNING MODULE

SENIOR HIGH SCHOOL

MODULE 14
Subject:

FUNDAMENTALS OF ACCOUNTING BUSINESS and

MANAGEMENT 1 ( ABM11-FA1)

AISAT COLLEGE – DASMARIÑAS, INC.

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 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |2
ABM11-FA1 Units: 80hrs
and Management 1

INFORMATION SHEET- Q2 14.14.1

“ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS TRANSACTION”

Ms. Star Brightness opened a laundry business under the name “Brightness Laundry Star” The Trial
Balance reveals the following:

BRIGTHNESS LAUNDRY STAR

Trial Balance
April 20,2019

Account No. Account Title DEBIT CREDIT

101 Cash Php 100,000.00
102 Accounts Receivable 5,200.00
103 Supplies 5,000.00
111 Equipment 40,000.00
201 Accounts Payable Php 6,000.00
203 Unearned Revenue 2,550.00
3010 Star Brightness ,Capital 141,650.00
Total Php 150,200.00 Php 150,200.00

Transactions:
May 1, 2019 - Purchased supplies on account, ₱ 3,600.00
May 3, 2019 - Received cash for services performed,₱ 5,600.00
May 7. 2010 - Made payment to the creditors, ₱ 1,600.00
May 10, 2019 - Billed customers for services rendered ₱ 5,250.00
May 13, 2019 - Received cash from customers on account, ₱ 3,500.00
May 15, 2019 - Paid employees’ salaries, ₱ 5,000.00
May 20, 2019 - Performed services to customer who paid in advance last month, ₱800.00
May 28, 2010 - Withdrew cash from the business, ₱ 2,500.00
May 31, 2019 - Paid electric bill for the month ₱ 600.00

Additional accounts are as follows:

303- Star Brightness, Personal; 401 Laundry Revenue; 501 Salaries Expense ;
502 Utilities Expense; 503 Income Summary

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director
 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |3
ABM11-FA1 Units: 80hrs
and Management 1

Required:

Prepare the following:

 Chart of Accounts
 Journal Entries
 Posting
 Trial Balance

Note:
Modality A - We will analyze and solve during virtual class.
Modality B and C – Challenge and motivate yourself to analyze the given problem.
( References to use Modality 10 onwards – Accounting Cycle to Completing the
Accounting Process.)

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director
 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |4
ABM11-FA1 Units: 80hrs
and Management 1

PERFORMANCE TASK – Q2.14.14.1

Service Business Transaction

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director
 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |5
ABM11-FA1 Units: 80hrs
and Management 1

CHART OF ACCOUNT

Required:
1. Journal Entries
2. Adjusting Entries

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director
 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |6
ABM11-FA1 Units: 80hrs
and Management 1

STUDENT NAME: __________________________________ SECTION: __________________

PERFORMANCE TASK Q2-14.14-.1

PERFORMANCE TASK TITLE: SERVICE BUSINESS TRANSACTIONS

PERFORMANCE OBJECTIVE: Enable the learners to journalize business transactions

TOOLS AND MATERIALS: pen and papers

EQUIPMENT : none
ESTIMATED COST : none
PROCESS/PROCEDURES:

Journalize business transaction and do the adjusting entries of “MBM Men’s Wear Shop
( Refer to Module 14 - Performance Task Problem – page 4)

Deadline of Submission : January 22, 2021

Output of Submission:

A) Flexible Distance Learning -Screenshot of hand written answer in bond paper. -Uploaded in EDMODO
(Turn-in Assignment).

B) Modular Distance Learning (Downloaded) -Screenshot of hand written answer in bond paper.
-Uploaded in EDMODO (Turn-in Assignment) or can be submitted at AISAT Campus

C) Modular Distance Learning (Printed) -Hand written answer In bond paper. -Submitted at AISAT
Campus
Note for Modular Distance Learning – Printed: Write your Name, Course & Section, Subject,
Module number and Subject Teacher in a bond paper

PRECAUTIONS : •Avoid copy and paste of other works

ASSESSMENT METHOD : PERFORMANCE TASK CRITERIA CHECKLIST

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director
 Unit Accounting for Service Business
ANALYSIS: ACCOUNTING PROCESS OF SERVICE BUSINESS
Module
TRANSACTION
Fundamentals of Accounting, Business Page |7
ABM11-FA1 Units: 80hrs
and Management 1

STUDENT NAME: _____________________________________ SECTION: ___________

PERFORMANCE TASK CRITERIA CHECKLIST Q2-14-14.1

Did I … CRITERIA SCORING
1 2 3 4 5
1. Logic and key points. All corresponding ideas about the topic are
logically presented.
2. Content. Content of the essay flows and is passionate.
3. Cleanliness. Very clean and well presented.
4. Spelling and Grammar. No error in spelling and grammar.
5. Word usage. Word choice and usage are professionals.

GRADES

Teacher’s Remarks □ Quiz □ Recitation □ Project

5 - Excellently Performed
4 - Very Satisfactory Performed
3 - Satisfactory Performed
2 - Fairly Performed
1 - Poorly Performed

SUBJECT TEACHER: APPROVED FOR IMPLEMENTATION:

MODULE 14th
QUARTER 2
14 Meeting JULIETA S. ECHEGOYEN MR. WILBERT A. MAÑUSCA
Subject Teacher School Director