FUNDAMENTALS OF ABM 1

ACTIVITY SHEET
First Semester- Quarter 1 (2nd Cycle) Modules/Week 5-8

Name: ______________________________ Learner Group: ______

Strand & Grade Level: _________________ Total Scores: Written: ______ Performance: ______

INSTRUCTION: Write your answers on this sheet ONLY. This is to measure how well you’ve learned
the lesson. Make sure to COMLPY all the required activities indicated.

Activity 1 (Written-10 pts.) Score: _______

Direction: Fill up the missing amount for each.

1. Asset = 150,000 3. Asset = 500,000 5. Asset __________
Liabilities = 20,000 Liabilities = 320,800 Liabilities = 80,000
Equity = ________ Equity = ________ Equity = 20,000

2. Asset = ________ 4. Asset = 250,500

Liabilities = 15,500 Liabilities = ________
Equity = 55,000 Equity = 100,000

Activity 2 (Written-10 pts.) Score: _______

Direction: Indicate in each independent case whether the account is to be debited (DR) or to be
credited (CR). Write your answer on the space provided before each number.
_____ 1. Decrease in Accounts Payable _____ 6. Decrease in Salaries Expense
_____ 2. Increase in Capital account _____ 7. Decrease in Office Equipment
_____ 3. Decrease in Service Revenue _____ 8. Increase in Unpaid Salaries
_____ 4. Decrease in Cash _____ 9. Decrease in Owner’s drawing account
_____ 5. Increase in Accounts Receivable _____10. Increase in Interest Income

Activity 3 (Performance- 50 pts.) Score: _______

1. Prepare the general journal entries for the following transactions and just ignore giving
explanations after every entry.

Mrs. Laila Dela Cruz started a salon business and completed these transactions during the Month of
June, 2021.

06/01/2021 - Mrs. Dela Cruz invested PHP10,000 to start up her own business.
06/05/2021 - Paid PHP1,000 cash for beauty supplies.
06/10/2021 - Purchased equipment by paying PHP5,000 cash.
06/13/2021 - Received PHP1,500 cash for services rendered.
06/15/2021 - Purchased another equipment at a cost of PHP12,000 on account.
06/20/2021 - Paid PHP500 cash as a salary to a beautician.
06/23/2021 - Paid PHP1,000 cash for this month’s utility bill.
06/25/2021- Withdrew PHP800 cash for personal expenses.
06/28/2021 - Borrowed money from Rural bank amounting to 50,000 to open a new branch.
06/30/2021 - Paid cash for the equipment purchased on June 15, 2021.
Direction: Complete the formatted table below. Use this portion to write your answers in Activity 3.

GENERAL JOURNAL
Date Account Title Ref DR CR
2. Post the above entries using the T- account method. Don’t forget to show the balances of each
account. Use the given format below.
3. Prepare an Unadjusted Trial Balance after. Use the given format below.

ACCOUNT TITLE DEBIT CREDIT

Activity 4 (Written - 4 pts.) Score: _______ (NOTE: +1 BONUS point if perfect score for this particular activity)

Direction: Identify the appropriate special journal to be used for every source document listed
below.

1. Official Receipt issued by the company. _________________________

2. Official Receipt from a supplier as proof of payment of account. ______________________

3. Charge Invoice issued by the company. _____________________________

4. Charge Invoice from a supplier. ______________________________

Noted by: _____________________________________ Prepared by: JENNIFER B. MANZANO

Name of Parent/Guardian w/ signature Subject Teacher

Date Signed: _____________ Remarks: (to be filled in by the subject teacher)

___________________________________________