Basic Education Department

S.Y. 2022 - 2023

Module 2
Seatwork No. 2

Name: Elegado, Daphne Angela B. Date: 10/3/22

Grade & Section: 9 – Charity Score:

Direction: Open Canvas Page and download the Student’s Worksheet No. 2. Apply what you have learned in
journalizing business transactions. After answer submit it on or before the set due date. The first two items are
given for you.
Ms. SnookyVon opened a Nursery School called “The Learning Tree Nursery School”. The following transactions
took place in the first month of the business operations:
2016
June 1 – Miss Von invested ₱300,000 in the business.
2 - Purchased tables and chairs ₱130,000 and play equipment for ₱20,000 from Almar Nursery Home
Furniture and Equipment on credit.
4 - Paid ₱120 cash for the flyers advertising the opening of the nursery school.
5 - Purchased nursery supplies from Leo Nursery Supplies on credit, ₱2500.
7 - Received ₱8000 from a client.
8 - Paid ₱100,000 to Almar Nursery Home Furniture and Equipment as partial settlement of the account.
10 - Sent a bill to Mrs. Paloma for fees amounting to ₱8,500.
11 - Paid Leo Nursery Supplies the full amount due to it.
15 - Paid the monthly rent of the space ₱10,000.
15 – Page wages of the nursery helper, ₱5000
18 - Collected ₱5000 from P. Paloma as partial settlement of her account.
20- Received ₱5000 from various customers.
25 – Paid the utility bills for the month, ₱3000
26 – Purchased additional nursery supplies for cash, ₱3000
28 – Withdrew ₱2000 for personal use.
30 – Paid the wages of the nursery helper ₱5000

THE LEARNING TREE NURSERY SCHOOL

Charts of Accounts

ASSETS EXPENSES
Cash Advertising
Accounts Receivables – P. Paloma Rent Expense
Nursery Supplies Wages
Furniture and Fixtures Utility Expense
Play equipment

LIABILITIES INCOME
Accounts Payable – Almar Nursery Home Fees Income
Furniture and Equipment
Accounts Payable – Leo Nursery Supplies

OWNER’S EQUITY
Von, Capital
Von, personal
 GENERAL JOURNAL

Date Account Titles and Explanation Debit Credit

2019
October
1 Cash ₱300,000
Von, Capital ₱300,000
To record the initial investment of Ms. Snooky Von

2 Furniture and Fixtures ₱130,000

Play Equipment ₱20,000
Accounts Payable – Almar Nursery Home ₱150,000
Furniture and Equipment
Chairs, tables, and play equipment purchased on
credit.

4 Flyers for Advertising ₱120

Cash ₱120
Paid advertising for the school’s opening
5 Nursery Supplies ₱2,500
Accounts Payable – Leo Nursery Supplies ₱2,500
Nursery Supplies
Nursery Supplies purchased on credit
7 Cash ₱8,000
Fees Income ₱8,000
Gained ₱8,000 from a client
8 Accounts payable 100,000
Cash 100,000
Partial payment to Almar Nursery Home Furniture and
Equipment
10

11 Accounts payable 2,500

Cash 2,500
Paid amount due to Leo Nursery Supplies
15 Rent Space ₱10,000
Cash ₱10,000
Paid the monthly rent for the space
15 Salaries payable 5,000
Cash 5,000
Paid half-month salary to workers
18

20 Cash ₱5,000
Fees Income ₱5,000
Gained ₱5,000 from various customers
25 Utilities ₱3,000
Cash ₱3,000
Paid the monthly utility bills
26 Additional Nursery Supplies ₱3,000
Cash 3,000
Bought additional supplies
28 Owner’s drawing 2,000
Cash 2,000
Withdrawal for personal use
30 Salaries payable 5,000
Cash 5,000
Paid the wages of nursery helpers