ADAMSON UNIVERSITY

Financial Accounting & Reporting – Prelims Assign 8

Prof. Judith Francisco – Luna

Name ______________________________________ Section _____________Date _________________

FAMILY NAME FIRST M.I.

I. Indicate the Classification (Asset, Contra-asset, Liability, Proprietorship, Revenue or Expense), and
Normal Balance, Increase side and Decrease side by indicating if it has a Debit or Credit balance.

Account Title Classification Normal Balance Increase Decrease

Ex. Cash Asset Debit Debit Credit
1 Equipment

2 Service Income

3 Insurance Expense

4 Accounts Receivable

5 Unearned Service Income

6 Prepaid Rent

7 Accounts Payable

8 X, Capital

9 Accumulated Depreciation
10 X, Drawing

II. Fill in the blanks with the missing amount.

Case A Case B Case C Case D Case E

1 Beginning Capital 20,000 22,000 15,000 16,000

2 Withdrawal 7,000 2,500 2,000 3,000

3 Additional investment 4,000 7,000 3,000 5,000

4 Net income (loss) 15,000 (4,000) 6,000 (2,000)

5 Ending Capital 10,500 30,000 11,000 20,000

_______________________Capital____________________________
Dr. | Cr.
Withdrawal | Beginning, Capital
Net Loss | Addtl. Investment
__________________ |____Net Income____________
| Ending, Capital
|