Republic of the Philippines Activity 1

Department of Education
Region IV-A CALABARZON
Sheet
Division of Laguna
District of Bay
2020-2021 BITIN INTEGRATED NATIONAL HIGH SCHOOL Date:

Name: Subject:
Section: Teacher:
Instruction:

Prepare a SPF for the company using report form. Use another sheet if needed.

Your neighbor who has a Sari- Sari store hired you to prepare his sari-sari store’s Statement of
Financial Position. In order to prepare the statement, you identified the following assets and liabilities
of Mr. Martinez after he made an investment of P159,000.00.
a. His sari-sari store has cash deposited in a bank account amounting to P50,000
b. His sari-sari store has a lot of uncollected sales from customers amounting to P75,000
c. The total amount of merchandise left inside the store is P30,000
d. He already paid one year’s rent in advance amounting to P12,000
e. The value of all the company’s furniture amounted to P100,000
f. He bought merchandise from his supplier amounting to P25,000 and the supplier agreed that
payment can be made 2 months after year-end
g. SSS, Phil health and Pag-big payables for his one employee totaled P5,000
h. The sari-sari store had outstanding liabilities to utility companies amounting to P3,000
i. He had a loan from the bank amounting to P50,000 to be paid in 3 years
 Republic of the Philippines Activity 2
Department of Education
Region IV-A CALABARZON
Sheet
Division of Laguna
District of Bay
2020-2021 BITIN INTEGRATED NATIONAL HIGH SCHOOL Date:

Name: Subject:
Section: Teacher:
Instruction:

Manila lockdown has cripples many businesses in the Philippines. Since many
businesses were closed during the ECQ, many employees were displaced from work. The
income of the displaced employees, because becomes zero while the expenses are still the
same as that of the normal business situation. I hope your parents or other members of the
family are not among them. Assess and enumerate all your family income and expenses during
the lockdown. List down all strategies measures your family did in order to survive since the aid
from the government agencies , such as local and national were not enough to sustain the two
and half months lockdown.
 Republic of the Philippines Activity 3
Department of Education
Region IV-A CALABARZON
Sheet
Division of Laguna
District of Bay
2020-2021 BITIN INTEGRATED NATIONAL HIGH SCHOOL Date:

Name: Subject:
Section: Teacher:
Instruction:

Covid 19 has a great impact in every family and businesses including that of a
merchandising business. Their sales increases or decreases. Do you know any business who
increases their sales during covid? How about your family, what did your family do to increase
family income and to lessen expenses during pandemic?
 Republic of the Philippines Activity 4
Department of Education
Region IV-A CALABARZON
Sheet
Division of Laguna
District of Bay
2020-2021 BITIN INTEGRATED NATIONAL HIGH SCHOOL Date:

Name: Subject:
Section: Teacher:
Instruction:

Prepare the Statement of changes in equity with the accounts given below using your
surname as your company name for the period ended December 31, 2019

Capital beginning Php250,000.00

Additional Investment Php150,000.00
Drawings Php178,000.00
Net Profit Php220,000.00

Capital beginning Php175,000.00

Additional Investment Php125,000.00
Drawings Php115,000.00
(Net Loss) Php120,000.00)