ASSIGNMENT 1 (Accounting)

I. The following “paired” transactions are related to each other. Determine the Value Received and the
Value Parted With.
VALUE VALUE
RECEIVED PARTED WITH
A-1 Mrs. Young invested cash in the business. __________ _______________
-2 Mrs. Young withdrew cash from the business. __________ _______________

B-1 Rendered services on account to Miss Catriona __________ _______________

-2 Collected in full the account of Miss Catriona __________ _______________

C-1 Sold an old computer on account to Mr. Grey __________ _______________

-2 Collected in full the account of Mr. Grey __________ _______________

D-1 Borrowed money from Mrs. Donna Paulsen

and issued a promissory note to her. __________ _______________
-2 Paid its promissory note issued to Mrs. Donna
Paulsen. __________ _______________

E-1 Bought a new computer on account from

Mr. Louise Litt __________ _______________
-2 Paid its account with Mr. Louise Litt __________ _______________

II. Determine the value received and value parted with in the following transactions. Use an account title.
VALUE VALUE
RECEIVED PARTED WITH
1. The owner invested additional cash. __________ ____________
2. Paid rental of office space used. __________ ____________
3. Paid salaries to employees. __________ ___________
4. Bought one (1) unit of computer for cash. __________ ___________
5. Paid its account to a creditor. __________ ____________
6. Sold an old typewriter on account. __________ ____________
7. Received cash for services rendered. __________ _____________
8. Bought stationeries, envelopes, pens,
etc., on account. __________ _____________
9. Rendered services to customers on account. __________ _____________
10. Received a promissory note for services
rendered. __________ _____________

 ACCOUNTING WORD SEARCH

Direction: Find and define the accounting words in the puzzle.

B B C D O Q A S U I O P G H J L K V C X Z T I A H
N L X X P M B B U I L D I N G N Z X C D H F G V B
V K H C P L A S D F F G H J P A T I E N C E F L U
A Q K V L A Z X V C B N M L M H G F S A L C C J S
L A M B O D H I O U A P I T J B V F C D I C Q H I
U L A K V Z U O P R U I O K L M B Z X D A A Z P N
E M E H E Q M Q E R Q B N G D A I O U P B Z X E E
R X R G T R I A D E A S D E R T Y U I K I X S T S
E T D A R T L D I N C O M E F S H T O N L C W T S
C V S Z S Y I F T T D A Z Z X A A H K M I V E Y T
E S P R A U T S C A S H Q W C L J G J B T B D C R
I X U E F I Y Y Y S F T Y H B R A N H V I N C A A
V P P C G O V H I S G H W I H R K N F C E M V S N
E L I E H P B J K E H B L K T F I B D X S L F H S
D L B I N A N K B T J J X N L B U V G Z H K R F A
X A N V K S M G V T K K E N I H O Z S A J J T U C
Q J X A L E E B X G B M A P A Y A B L E H H Y N T
Z H C B N I L S A H P T V C Z K E X A S G G H D I
A D G L K O K S Z I N H G D S Q S C S D F F J Y O
O G Y A M U J U U V L K G F S A Q M N V B D H P N
P R A T Z V N Q N J I O I N V E N T O R Y S O T S
R F S I S B E I O P L K J H G F D A S Z X A P U I
T D F P I Q W R E T F A I T H Y U I O P L K E R O
V Z I A P D B N M L K J H G F D S A D J H G A O P
M K L C H A R T O F A C C O U N T S Z X W E R T Y