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Fundamentals of Accountancy Business and Management 1 11 Fourth
Fundamentals of Accountancy Business and Management 1 11 Fourth
Fundamentals of Accountancy Business and Management 1 11 Fourth
Using your Unadjusted Trial Balance on your Learning Task 2: LeaP Week 5, let us do the following adjustments for the month
of June 2018:
1. Merchandise inventory at June 30 is determined to be P68,720, based on physical count (use direct extension
method).
2. Salaries incurred in June but which remain unpaid as of June 30 amounted to P10,000.
3. Store supplies used for the month of June totaled P4,900.
4. Store equipment is estimated to have a salvage value of P10,000 and useful life of six years.
Exhibit 2
Notice that in both methods, merchandise inventory is credited for the beginning balance and debited for the ending balance and that
the opposite entries are made to the income summary.
Analysis Salaries amounted to P10,000 need to record for the month of June
Original Transaction
Analysis
Required Adjustment 4. Store equipment is estimated to have a salvage value of P10,000 and useful life of six years.
Original Transaction
Analysis
.
A. Assimilation (Time Frame: 30 minutes)
Learning Task 2– Prepare 10 Column Worksheet
Directions: After preparing L Company’s adjustments for June 2018, prepare a 10-column Worksheet. Complete the
information in Exhibit 3. Write your answer in a 10-column worksheet or you may improvise a 10-column worksheet on a
piece of bond paper and paste it on your accounting journal.
V. ASSESSMENT (Time Frame: 30 minutes )
(Learning Activity Sheets for Enrichment, Remediation, or Assessment to be given on Weeks 3 and 6)
To test your understanding of the topics, please answer the question below in your accounting journal.
What do you think is the purpose of making adjustments on a worksheet?
VI. REFLECTION (Time Frame: 10 minutes)
● Communicate your personal assessment as indicated in the Learner’s Assessment Card.
Personal Assessment on Learner’s Level of Performance
Using the symbols below, choose one which best describes your experience in working on each given task. Draw it in the
column for Level of Performance (LP). Be guided by the descriptions below:
✰ - I was able to do/perform the task without any difficulty. The task helped me in understanding the target content/ lesson.
✔ - I was able to do/perform the task. It was quite challenging, but it still helped me in understanding the target content/lesson.
? – I was not able to do/perform the task. It was extremely difficult. I need additional enrichment activities to be able to do/perform
this task.
Learning Task LP Learning Task LP Learning Task LP Learning Task LP
Number 1 Number 3 Number 5 Number 7
Number 2 Number 4 Number 6 Number 8
VII. REFERENCES Joy S. Rabo, Herminigilda E. Salendrez,& Florenz C. Tugas. Fundamentals of Accountancy,
Business and Management 1. Quezon City. Vibal Group, Inc. 2016.
Teaching Guide for Senior High School Fundamentals of Accountancy Business and
Management 1. Commission on Higher Education 2016.
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