THE STO.

NIÑO FORMATION AND SCIENCE SCHOOL-NIGHT CLASS

San Roque, Rosario, Batangas
SENIOR HIGH SCHOOL DEPARTMENT
Academic Year 2022-2023

FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND

MANAGEMENT 1
ABM11
QUIZ NO. 2.1

CLASS # NAME: SCORE:

STRAND &SECTION: DATE:
General Direction: Any form of erasure or alteration means wrong. Use black pen only.

The following transaction are from the book of Dr. Duter Ty Medical Clinic for the month of October 20X2.
Requirement: Make a Journal Entry of the following business transaction.

Oct. 1 : Dr. Duter Ty invested PHP 120,000 cash in the business.

5 : Paid local business permit and taxes amounting to PHP 10,500
8 : Received cash from Miss K Aquino for medical services of PHP 10,000 cash
15 : Received a promise note from Miss Uson for medical services of PHP 10,000 cash
18 : Paid rent for the month amounting to PHP 15,000
20 : Paid Utilities in the amount of PHP 12,000 cash
22 : Purchased transportation equipment from Automobiliko in the amount of PHP 350,000 on account
24 : Dr. Duter Ty obtained bank loan from Mabuhay Bank in the amount of PHP 45,000 by signing a note
26 : Dr. Duter Ty collected PHP 6,000 from Miss Uson
28 : Dr. Duter Ty withdrew cash amounting to PHP 5,000 for personal use
30 : Paid PHP 300,000 to Automobiliko as partial payment on his account
30 : Received 10,000 cash from various clients for medical services
31 : Paid PHP 15,000 for salaries of the employees

JOHN KEVIN L. ESPIRITU,

LPT
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1 | ABM 11