Learning Task 3.(Performance Task) Independent Activity Directions: Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the ch 1. Mr. Juan purchased table napkins worth P2,000 to be used in his barbecue operations. 2. The customer with the P5,000 account receivable is broke you have estimated that you can only o from him. 3. He hired a helper in his barbecue business. The employee earns compensation of P8,000. 4. The cost of the barbecue that was sold for P5,000 is P3,000. 5. He paid Val Santos Matubang P5,000 to endorse the product. 6. On your total account receivable of P5,000, you expect to collect about P4,800. 7. The barbecue grill was stolen. 8. He received an order of barbecue worth P8,000. The customer, Alain Valle, paid the sale price bu to deliver the barbecue next week. 9. Mr. Juan made a temporary withdrawal of P2,000 from the barbecue business. 10. Mr. Juan expects to use the barbecue grill for 5 years. Source: Andres,C.S, et al (2016) Teaching Guide for Senior High School Fundamentals of Business and Management 1"- Published by Commission on Higher Education in collabe Philippine Normal University ACCOUNT TITLE MAJOR ACCOUNT 1. 3. 4. 5. 6. 7. 2345 678

Learning Task 3.(Performance Task) Independent Activity Directions: Determine what ACCOUNT TITLE and group according to MAJOR ACCOUNT. Fill in the ch 1. Mr. Juan purchased table napkins worth P2,000 to be used in his barbecue operations. 2. The customer with the P5,000 account receivable is broke you have estimated that you can only o from him. 3. He hired a helper in his barbecue business. The employee earns compensation of P8,000. 4. The cost of the barbecue that was sold for P5,000 is P3,000. 5. He paid Val Santos Matubang P5,000 to endorse the product. 6. On your total account receivable of P5,000, you expect to collect about P4,800. 7. The barbecue grill was stolen. 8. He received an order of barbecue worth P8,000. The customer, Alain Valle, paid the sale price bu to deliver the barbecue next week. 9. Mr. Juan made a temporary withdrawal of P2,000 from the barbecue business. 10. Mr. Juan expects to use the barbecue grill for 5 years. Source: Andres,C.S, et al (2016) Teaching Guide for Senior High School Fundamentals of Business and Management 1"- Published by Commission on Higher Education in collabe Philippine Normal University ACCOUNT TITLE MAJOR ACCOUNT 1. 3. 4. 5. 6. 7. 2345 678

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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