ABINAL, KAYE ANN G.

12 SAPPHIRE

ENTREPRENEURSHIP
MODULE 6

SIMPLE BOOKKEEPING
PRE-TEST
1. B
2. C
3. C
4. B
5. A

PRACTICE TASK 1
DATE VALUE RECEIVED VALUE PARTED WITH
January 1, 2019 Cash- Php 500,000 Beauty Sia, Capital- Php 500, 000

January 4, 2019 Taxes and Licenses- Php 9,500 Cash- Php 21, 500
Insurance Expense- 12, 000
January 7, 2019 Parlor Equipment- Php 185, 000 Cash- Php 185, 000

January 8, 2019 Parlor Supplies Expense- Php 75, Cash- Php 75,000
000
January 10, 2019 Furniture & Fixtures – Php 88, Account Payable-
000
January 13, 2019 Cash- Php 15, 000 Beauty service Income- Php 15, 000

January 15, 2019 Notes Recievable- Php 50, 000 Beauty Service Income- Php 50, 000

January 16, 2019 Salaries Expense- Php 8,500 Cash- Php 8, 500

January 18, 2019 Accounts Payable- Php 44,000 Cash- Php 44,000

January 22, 2019 Cash- Php 50,000 Notes Recievable- Php 50,000
January 25, 2019 Cash- Php 36,000 Beauty Service Income- Php 36,000
January 27, 2019 Utilities Expense- Php 7,800 Cash- Php 7,800
January 28, 2019 Rent Expense- Php 5,000 Cash- Php 5,000
January 30, 2019 Salaries Expense- Php 8,500 Cash- Php 8,500
PRACTICE TASK 2
2019 Particulars PR Debit Credit
Jan 1 Cash 5 0 0 0 0 0 -
Beauty Siya,
Capital
5 0 0 0 0 0 -
Initial Investment
4 Taxes and 9 5 0 0 -
Licenses
Insurance 1 2 0 0 0 -
Expense
Cash 2 1 5 0 0 -
Payment of
taxes and
Licenses and
insurance of
The business
7 Parlor
equipment
1 8 5 0 0 0 -
Cash 1 8 5 0 0 0 -
Purchase of
parlor
Equipment on
cash

8 Parlor Supplies
Expenses
7 5 0 0 0 -
Cash 7 5 0 0 0 -
Purchase of
parlor
Supplies on
cash
10 Furniture and
fixtures
8 8 0 0 0 -
Accounts 8 8 0 0 0 -
Payable
Purchase of
furniture
And fixtures on
account
13 Cash 1 5 0 0 0 -
Beauty Service
Income
1 5 0 0 0 -
Collection to
cash
customers
15 Notes 5 0 0 0 0 -
Recievable
Beauty Services 5 0 0 0 0 -
Income
Services
Rendered to
Customers on
account
16 Salary Expense 8 5 0 0 -
Cash 8 5 0 0 -
Payment of
salary
18 Accounts 4 4 0 0 0 -
Payable
Cash 4 4 0 0 0 -
Payment of
account
22 Cash 5 0 0 0 0 -
Notes 5 0 0 0 0 -
Recievable
Collection of
notes
recievable
 25 Cash 3 6 0 0 0 -
Beauty Service 3 6 0 0 0 -
Income
Collection to
cash
customers
27 Utilities Expense 7 8 0 0 -
Cash 7 8 0 0 -
Payment utilities
28 Rent Expense 5 0 0 0 -
Cash 5 0 0 0 -
Payment rent
30 Salaries
Expense
8 5 0 0 -
Cash 8 5 0 0 -
Payment of
salary

2. General Ledger
Cash Page No.
Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 1 J1 5 0 0 0 0 0 - Jan 4 J1 2 1 5 0 0 -

13 J1 1 5 0 0 0 - 7 J1 1 8 5 0 0 0 -

22 J1 5 0 0 0 0 - 8 J1 7 5 0 0 0 -

23 J1 3 6 0 0 0 - 16 J1 8 5 0 0 -

245, 700 6 0 1 0 0 0 - 18 J1 4 4 0 0 0 -

27 J1 7 8 0 0 -

28 J1 5 0 0 0 -

30 J1 8 5 0 0 -

3 5 5 3 0 0 -

NOTES RECIEVABLE Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 15 0 J1 5 0 0 0 0 0 - Jan 22 J1 5 0 0 0 0 -

FURNITURES & FIXTURES Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 10 88,000 J1 8 8 0 0 0 0 -

PARLOR EQUIPMENT Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 7 185,000 J1 1 8 5 0 0 0 -

ACCOUNT PAYABLE Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 18 44, 000 J1 4 4 0 0 0 - Jan 10 J1 8 8 0 0 0 -

BEAUTY SIYA, CAPITAL Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 1 500, 000 J1 5 0 0 0 0 -

BEAUTY SERVICE INCOME Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 13 J1 1 5 0 0 0 -

15 5 0 0 0 0 -

25 101, 000 3 6 0 00 -

TAXES AND LICENSES Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 4 9, 500 9 5 0 0 -

INSURANCE EXPENSE Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 4 12, 00 1 2 0 0 0 - -

PARLOR SUPPLIES EXPENS Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 8 75,000 7 5 0 0 0 - -

SALARY EXPENSE Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 16 8 5 0 0 - -

8 5 0 0

17,000 1 7 0 0 0 -

UTILITIES EXPENSES Page No.

Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 27 7, 800 7 8 0 0 - -
 RENT EXPENSE Page No.
Date Particulars F Debit Amount Date Particulars F Credit Amount

Jan 28 5, 000 5 0 0 0 - -

PRACTICE TASK 3
Gandang Ganda Lang Parlor Shop
Trial Balance
January 31, 2019
Cash Php 245, 700
Furniture and Fixtures 88, 000
Parlor Equipment 185, 000
Accounts payable Php 44, 000
Beauty Service Income 500,000
Taxes and Licenses 9, 500 101,000
Insurance Expense 12, 000
Parlor Supplies Expense 75, 000
Salary Expense 17, 000
Utilities Expense 7,800
Rent Expense 5,000
______________ ______________
Total Php 645, 000 Php 645, 000

POST-TEST
2019 Particulars P Debit Credit
 R
Feb 1 Cash 1 0 0 0 0 0 -
Sarah Escudero, Capital 1 0 0 0 0 0 -
Initial investment
2 Office Equipment 5 7 5 0 0 -
Accounts Payable 5 7 5 0 0 -
Purchase on account
4 Office Supplies Expense 2 8 0 0 -
Cash 2 8 0 0 -
Purchase of office
supplies
6 Furnitures and Fixtures 9 0 0 0 -
Cash 6 5 0 0 -
Accounts Payable 2 5 0 0 -
Purchases on cash and
on account.
8 Accounts Recievable 1 2 5 0 0 0 -
Legal fees 1 2 5 0 0 0 -
Rendered services on
account
10 Law books 3 3 0 0 0 -
Cash 3 3 0 0 0 -
Purchase of books
15 Cash 5 0 0 0 0 -
Legal Fees 5 0 0 0 0 -
Rendered services
On cash clients
18 Sarah Escudero, Drawing 2 5 0 0 0 -
Cash 2 5 0 0 0 -
Withdrawal of the
Owner
20 Furnitures & Fixtures 2 5 0 0 0 -
Cash 2 5 0 0 0 -
Purchases on cash
21 Utilities expense 6 2 5 0 -
Cash 6 2 5 0 -
Payment of utilities
23 Accounts Payable 4 2 5 0 0 -
Cash 4 2 5 0 0 -
Partial payment to
XYZ Computer Shop
26 Cash 8 5 0 0 0 -
Accounts Recievable 8 5 0 0 0 -
Collection of account
27 Rent Expense 8 0 0 0 -
Cash 8 0 0 0 -
Payment of rent
28 Salary expense 1 5 0 0 0
Cash 1 5 0 0 0 -
Payment of salary
2. General Ledger
CASH PAGE NO.
Date Particular F Debit Amount Date Particulars F Credit Amount
 s
feb 1 1 0 0 0 0 0 - feb 4 2 8 0 0 -
15 5 0 0 0 0 - 6 6 5 0 0 -
26 8 5 0 0 0
- 10 3 3 0 0 0 -
70, 950 2 3 5 0 0 0 - 18 2 5 0 0 0 -
20 2 5 0 0 0 -
21 6 2 5 0 -
23 4 2 5 0 0 -
27 8 0 0 0 -
28 1 5 0 0 0 -

ACCOUNTS RECIEVABLE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 8 40, 000 1 2 5 0 0 0 - feb 26 8 5 0 0 0 -

LAW BOOKS PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 10 33,000 3 3 0 0 0 -

FURNITURES AND FIXTURES PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 6 9 0 0 0 - -
20 2 5 0 0 0 0
-
34,000 3 4 0 0 0 0
-

OFFICE EQUIPMENT PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 2 57,500 7 3 5 0 0 -

ACCOUNTS PAYABLE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 23 4 2 5 0 0 - Feb 2 5 7 5 0 0 -
6 2 5 0 0 -
17, 500 6 0 0 0 0 -

SARAH ESCUDERO, CAPITAL PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
feb 1 1 0 0 0 0 0 -

SARAH ESCUDERO, CAPITAL PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
Feb 18 25,000 2 5 0 0 0 - 1

LEGAL FEES PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
 feb 8 1 2 5 0 0 -
15 5 0 0 0 -
175,000 1 7 5 0 0 -

OFFICE SUPPLIES EXPENSE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
Feb 4 2,800 2 8 0 0 - 1 0 0 0 0 0 -

UTILITIES EXPENSE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
Feb 21 6,250 6 2 5 0 -

RENT EXPENSE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
Feb 27 8,000 8 0 0 0 -

SALARY EXPENSE PAGE NO.

Date Particulars F Debit Amount Date Particulars F Credit Amount
Feb 28 15, 000 1 5 0 0 0 -

Trial Balance
ESCUDERO LAW FIRM
Trial Balance
February 28, 2020
Cash Php 70,950
Accounts Recievable 40,000
Law books 33,000
Furnitures & fixtures 34,000
Office Equipment 57,500
Accounts Payable Php 17,500
Sarah Escudero, Capital 100,000
Sarah Escudero, Drawing 25,000
Legal Fees 175,000
Office Supplies Expense 2,800 _______________
Utilities Expense 6,250 Total Php 292,500
Rent Expense 8,000
Salary Expense 15,000

____________
Total Php 292,500

ASSIGNMENT

1. Journal Entry
2019 Particulars PR Debit

Credit
Aug 15 Cash