FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 2

Name: __________________________________________________

Direction: Use plus sign or minus sign before the amount.

TRANSACTIONS ASSETS = LIABILITIES + CAPITAL

1. Mr. Dexter Besinan invested
cash in the business, 150,000.
2. Rendered service to a client on
account, 4,000.
3. Bought computer on account,
40,000.
4. Dexter Besinan withdrew cash of
5,000.
5. Paid office rental for the month,
1,000.
6. Partial payment of account,
3,000.
7. Dexter Besinan invested office
table, 10,000.
8. Partial collection of client’s
account, 2,000.
9. Borrowed money from a bank
and issued a note, 10,000.
10.Partial payment of account,
2,000.
11.Paid taxes and licenses and
other assessments, 1,000.
12.Paid the bank for borrowed
money, 10,000.
13.Received cash for services
rendered, 3,000.
14.Bought office supplies on
account, 5,000 (expense).
15.Full payment of account (office
supplies), 5,000.
16.Received cash 10,000 but
services has not yet been
rendered.
BALANCES 200,000 45,000 155,000