CATANDUANES NATIONAL HIGH SCHOOL

;Senior High School Department

Virac, Catanduanes

Name: ____________________________________________ Score: ____________________

Subject: FABM1 Teacher: Shinette T. Oliveros
Section: ______________________ Date: ________________ Portfolio#10_Journalizing and T-Account
Journalize the following Transactions of Class A Barber Shop for February 2024 and summarize the
transactions for each account using the T-Account. Use the following Chart of accounts.

CHART OF ACCOUNTS
Cash
Supplies
Equipment
Furniture & Fixtures
Accounts Payable
Ang, Capital
Ang, Drawings
Salaries Expense
2024 Communication Expense
Marc
h
2 Angie Ang opened Class A Barber Shop invested P450,000 cash and equipment costing
P150,000.
6 She purchased equipment from AB Marketing P100,000 paying 50% and the balance on
account.
7 Purchased supplies on credit, P 30,000 from Fortune Merchandising.
14 Paid the account from AB Marketing.
16 Angie withdrew P45,000 for personal used.
17 Made partial payment to Fortune Merchandising, P12,000.
19 Paid the salaries of salon staff, P3,800.
20 Paid telephone Bill, P900
25 Bought furniture and fixtures at Blim’s, P30,000
28 Made P10,000 partial payment to Blim’s.
31 Paid in full the account from Fortune Merchandising