Republic of the Philippines

BOHOL ISLAND STATE UNIVERSITY

Main Campus
6300 Tagbilaran City

Vision: A premiere S&T university for the formation of world-class and virtuous human resource for sustainable development in Bohol and the country.
Mission: BISU is committed to provide quality higher education in the arts and sciences, as well as in the professional and technological fields;
undertake research and development, and extension services for the sustainable development of Bohol and the country.

COLLEGE OF BUSINESS, ARTS & SCIENCES

ABM3 – Fundamentals of Accounting
2nd Semester 2021-2022

ABM3 ACTIVITY #6

Name: April Rose R. Israel Year & Section: BSTM 1B

Fill in the blanks. Fill in the blanks with the correct answer. 40 pts.
Sample:
Transaction Ledger Accounts Affected Which Side?
Owner invested cash in Cash Debit
the business Capital Credit

Transaction Ledger Accounts Affected Which Side?

1. Paid rent expense Rent Expense Debit
Cash Credit
2. Collected customer’s account Cash Credit
Accounts Receivable Debit
3. Owner withdrew cash from Owners Withdrawal Debit
the business Cash Credit
4. Received cash for services Cash Debit
rendered Service Income Credit
5. Bought equipment on Equipment Debit
account Accounts Payable Credit
6. Paid salaries of workers Salaries Expense Debit
Cash Credit
7. Rendered services on Accounts Payable Debit
account Service Income Credit
8. Paid its loan from the bank Loans Payable Debit
Cash Credit
9. Owner invested cash in the Cash Debit
business Owners Capital Credit
10. Purchased office supplies for Office Supplies Debit
cash Cash Credit
Submit your output not later than Wednesday, 18 May 2022.
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