PREPARATORY TO TESDA NC III ASSESSMENT EXAM

BOOKKEEPING PRACTICAL EXERCISES

Chart of Account of Bora Laundry Service as of June 2009

Cash 8,750.00
A/R 2,320.00
Supplies 1,900.00
Equipment 9,000.00
Accounts Payable 5,500.00
Unearned Revenue 800.00
Irene Bora, Capital 15,670.00
21,970.00 21,970.00

Problem Solving; July transactions:

July 5 Received 850.00 cash from customers on account.
10 Billed customers for services performed 6,300.00
15 Paid employee salaries 1,400.00
16 Performed 600.00 of services for customer who paid in advance in June
20 Paid 2,000.00 to creditors on account
21 Received 250.00 for services rendered on cash basis.
26 Purchased supplies on account at a cost 350.00.
29 Withdraw 600 for personal use.
30 Paid utilities 900.00

Additional Info. Drawing, Irene Bora, Laundry Revenue, Salaries Expense,

Utilities Expense.

REQUIRED:
Chart of Accounts
Journal Entries
General Ledger Posting for the month
Trial Balance
Income Statement
Balance Sheet

Instructions:
1. Use columnar sheet.
2 Use the June balances in the Chart of Account as beginning balances for your
July transactions.
3.Remember what you are going to prepare is the Financial Reports for July.

Dr. R.M.Corpuz
Assessor - Bookkeeping