FRONT OFFICE SERVICES

Basic Accounting Activity 2

Directions: Write the account code of the following account titles.
Name: __________________________________ Account Code Account Titles
Activity 1 Equipment
Directions: Classify each account according to its category. Put a check (✓) Accounts Payable
on the right column where each item belongs. Notes Payable
Account Assets Liabilities
Non- Non- Owner’s Padilla, Capital
Title Current Current Revenues Expenses
Assets
Current
Liabilities
Current Equity Utilities Expense
Assets Liabilities
Building
1. Cash
Rent Expense
2. Accounts
Cash
Payable
Accounts Receivable
3. Building
Salaries Expense
4.
Mortgage
Payable Activity 3
5. Service Directions: Complete the following accounting equation below.
Revenues ASSETS= LIABILITIES + OWNER’S EQUITY
6. Accounts ASSETS LIABILITIES OWNER’S EQUITY
Receivable 1. _______________ 50,000 25,000
7. Salaries 2. 32,000 16,000 _________________
Expense 3. 54,000 ________________ 28,000
8. 4. _______________ 22,000 138,000
Inventory 5. _______________ 75,000 180,000
9. Rent 6. 83,000 _______________ 53,000
Expense 7. 67,000 27,000 _______________
10. 8. 185,000 85,000 _______________
Unearned 9. 136,000 _______________ 86,000
Service 10. 194,000 _______________ 79,200
Revenue
Activity 4
Directions: Write (+) if there is an increase, (-) if there is a decrease, or NE
if there is no effect on the assets, liabilities and equity accounts.