Chapter 5

Books of Accounts and Double-Entry System

NAME: Miranda, Aliana Jasmine M. Date: NOV. 13, 2020

Professor: SIR JOSEPH GUINTO Section: BSA 1-J Score:

PROBLEM 7: MULTIPLE CHOICE

1. B 6. D
2. B 7. A
3. B 8. D
4. A 9. A
5. A 10. A

PROBLEM 8: MULTIPLE CHOICE

1. D 6. A
2. D 7. A
3. A 8. A
4. A 9. B
5. A 10. D

PROBLEM 9: MULTIPLE CHOICE

1. B 6. B
2. C 7. C
3. B 8. B
4. D 9. A
5. B 10. A

PROBLEM 10: MULTIPLE CHOICE

1. C 6. D
2. A&B 7. A
3. B 8. C
4. B 9. C
5. A 10. B
 Chapter 6
Business Transactions and their Analysis
NAME: Miranda, Aliana Jasmine M. Date: NOV. 13, 2020

Professor: SIR JOSEPH GUINTO Section: BSA 1-J Score:

PROBLEM 3: IDENTIFYING THE ACCOUNTS AFFECTED

TRANSACTIONS ACCOUNT TITLES AFFECTED

1. Owners, Capital Cash

2. Equipment Cash

3. Sales Cash

4. Cost of Goods sold Inventory

5. Inventory Cash

6. Utilities Expense Cash

7. Inventory Cash

8. Expenses Cash

9. Taxes Payable Cash

10. Transportation Cash

PROBLEM 4: IDENTIFYING THE ACCOUNTS AFFECTED

TRANSACTIONS ACCOUNT TITLES AFFECTED

1. Sales Accounts receivable

2. Cost of Goods sold Inventory

3. Cash Accounts Receivable

4. Inventory Accounts Payable

5. Cash Accounts Payable

6. Accounts Payable Cash

7. Owners, Capital Cash

 8. Accounts Payable Cash

9. Interest Expense Cash

10. Owners, Drawing Owners, Capital

PROBLEM 5: IDENTIFYING THE EFFECTS ON ACCOUNTS

ACCOUNTS EFFECTS

1. Cash Decrease

Owners, Capital Increase

2. Inventory Increase

Cash Decrease

Sales Decrease

3. Cash Cash

Cost of Goods sold Increase

Inventory Decrease

4. Equipment Increase

Cash Decrease

5. Interest Expense Increase

Cash Decrease

PROBLEM 5: IDENTIFYING THE EFFECTS ON ACCOUNTS

ACCOUNTS EFFECTS
1. Owners, Drawing Increase

Owners, Capital Decrease

Sales Decrease

2. Accounts Receivable Increase

Cost of Goods Sold Increase

Inventory Decrease

3. Cash Increase

Accounts Receivable Decrease

4. Loans Payable Increase

Cash Increase

5. Cash Decrease

Loans Payable Decrease

6. Salaries Expense Decrease

Cash Decrease

7. Inventory Increase

Accounts Payable Increase

8. Cash Decrease

Accounts Payable Decrease

9. Various Expenses Decrease

Cash Decrease

10. N/A N/A