Philippine Cultural College

2nd Trimester SY 2019 – 2020

ACTINFO ACCOUNTING INFORMATIONSYSTEM
Final Exam
Prof. Bernardo V. Niduaza, Jr.

Date: April 28, 2020

General Instructions:
1. Use Excel (with correct copy and paste (link feature). If no such feature in your Excel, do the posting to the T-account and
encoding of amounts in the Unadjusted Trial Balance manually)
2. Forward your answers to my email: bernieniduaza@yahoo.com and on the Subject write FINAL EXAM
3. Duration: 2 hours

Instruction: Journalize the following transaction, using the format below (provide space for every transaction):

Transactions:

April 1 Bernie Bird opened Bernie Bird Tour & Travel. He invested P50,000 and two cars worth P750,000.
3 Bird borrowed P100,000 cash from BDO for use in the business.
7 Bought tables and chairs from SM and paid cash P45,000.
15 Various equipment were purchased on account from National Winners for P55,000.
18 Bird made cash withdrawal ofP5,000 for personal use.
20 The account due to National Winner was paid in cash.
21 A tourist hired the services of Tour & Travel for a tour in Baguio. Cash of P15,000 was received from
the tourist.
22 Cash was paid for the following: gas and oil, P500 and repair of car, P1,000.
24 Larry Bird hired the services of Tour & Travel for his visitors and promise to pay P16,000 on March 31.
25 Paid telephone bill for P500.
27 PCC Student Council hired the services of Tour & Travel for a tour in Tagaytay. A bill was issued to
them for P20,000, 50% of which was collected.
30 Larry Bird paid one half of his account in cash.
Paid for rental of office space, P10,000 and salaries of employees and workers, P9,000.

General Journal”

Date Accounts & Explanation Debit Credit

April 1 Journal entry

Explanation
Space

Next journal entry

Instruction: Post the above journal entries, using the T-account (indicate the formula)), as shown below:

If normal balance is debit

Cash
Debit Credit
Amount link from Amount link from
General Journal General Journal

(with formula)Total (with formula)Total

(with formula) Balance

If normal balance is credit

Service Income
Debit Credit
Amount link from Amount link from
General Journal General Journal

(with formula) Total (with formula) Total

(with formula) Balance

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Insruction: Prepare an Unadjused Trial Balance, using the format (indicate the formula) as shown below:

Bernie Bird Tour & Travel

Account Tiles Debit Credit
Amount link Amount link
from General from General
Ledger Ledger

Totals With formula With formula

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