Introduction to Accounting/Module Week 1

WORKSHEET ACTIVITY/IES:

Student’s Name: Kyle Jazfher M. Franicia Score:

Year and Section: ACT2A Date: Nov. 10, 2020

Answer the following on the spaces provided:

Instructions: State the value received and value parted with in the following transactions.

Transactions Value received Value parted with

a. Bought equipment from E and E Trading on Equipment Obligation
credit, P15, 000.

b. Purchased from NBS Bookstore office supplies Office Supplies Money

worth P1, 000 cash.

c. Billed XYZ Corp. for P12, 000 for legal services Service
Receivable
rendered.

d. Completed legal work for R. Ricketts and Service

collected P9, 000 Receivable

e. Paid P5, 000 to E and E Trading as partial Deduction of Money

payments of its accounts. Obligation

f. Paid P7, 500 cash for legal books ordered and Legal books Money
received.

g. Received in cash professional fees of P17, 000 Money Service

from various clients.

h. XYZ Corp. paid one half of its account. Deduction of Obligation

Money
Money
i. Paid the telephone bill for the month, P500. Service

j. Paid the secretary's salary, P4, 500.

Money
Service
k. Paid the rent of the office space, P6, 000.
Money
Right to Occupy The
l. Received P5, 000 from a client for legal service Space
rendered.
Service
Money
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