Name : Name :

Grade/Section : Date: Grade/Section : Date:

Classify the following financial elements as to: ASSETS (A),Classify the following financial elements as to: ASSETS (A
LIABILITY (L), CAPITAL ( C), REVENUE ( R), and EXPENSES ( LIABILITY (L), CAPITAL ( C), REVENUE ( R), and EXPENSES
DRAWING ( D). DRAWING ( D).

1 . Accounts Payable 1 . Accounts Payable

2 . Accounts Receivable 2 . Accounts Receivable
3 . Advertising Expense 3 . Advertising Expense
4 . Automobile 4 . Automobile
5 . Billed customer for services rendered on account 5 . Billed customer for services rendered on account
6 . Billed client for security services 6 . Billed client for security services
7 . Bonds payable 7 . Bonds payable
8 . Borrowed money 8 . Borrowed money
9 . Borrowed money from the bank 9 . Borrowed money from the bank
10 . Building 10 . Building
11 . Car 11 . Car
12 . Cash 12 . Cash
13 . Cash received from customer 13 . Cash received from customer
14 . Chair 14 . Chair
15 . Commissions income 15 . Commissions income
16 . Depreciation expense 16 . Depreciation expense
17 . Equipment 17 . Equipment
18 . Fees earned 18 . Fees earned
19 . Franchise 19 . Franchise
20 . Furniture and fictures 20 . Furniture and fictures
21 . Interest expense 21 . Interest expense
22 . Interest income 22 . Interest income
23 . Interest Payable 23 . Interest Payable
24 . Interest receivable 24 . Interest receivable
25 . Issued check in payment for equipment purchase on 25 . Issued check in payment for equipment purchase on
account account
26 . Issued check in payment for the promissory note 26 . Issued check in payment for the promissory note
27 . L. Senodora, Capital 27 . L. Senodora, Capital
28 . L. Senodora, Drawing 28 . L. Senodora, Drawing
29 . Land 29 . Land
30 . Machineries 30 . Machineries
31 . Miscellaneous expense 31 . Miscellaneous expense
32 . Mortgage payable 32 . Mortgage payable
33 . Notes payable 33 . Notes payable
34 . Notes receivable 34 . Notes receivable
35 . Office equipment 35 . Office equipment
36 . Office rent 36 . Office rent
37 . Office supplies 37 . Office supplies
38 . Office supplies expense 38 . Office supplies expense
39 . Owner's additional investment 39 . Owner's additional investment
40 . Owner's capital 40 . Owner's capital
41 . Paid accounts payable 41 . Paid accounts payable
42 . Paid taxes and licenses 42 . Paid taxes and licenses
43 . Paid to creditors 43 . Paid to creditors
44 . Painting new apartment 44 . Painting new apartment
45 . Painting fees earned 45 . Painting fees earned
46 . Payment for repairs of office equipment
47 . Payment received for the repair of equipment
48 . Payment of assistance
49 . Payment of electric bill
50 . Payment of salaries
51 . Payment of SSS contribution on cash
52 . Payment of utility
53 . Payment of wages on cash
54 . Photography equipment
55 . Portrait revenue
56 . Prepaid insurance
57 . Prepaid rent
58 . Professional fees
59 . Promissory note for service rendered
60 . Promissory note from customer
61 . Purchase supplies on account
62 . Purchase supplies on cash
63 . Received bill for oil and gas
64 . Received cash for printing
65 . Received cash from customer
66 . Received partial payment
67 . Rendered repair service on account
68 . Rendered repair service on cash
69 . Rent expense
70 . Rent income
71 . Rent received in advance
72 . Rent revenue
73 . Salaries expense
74 . Salaries payable
75 . Payment of salaries on cash
76 . Service Rendered
77 . Service Rendered on account
78 . Service rendered on cash
79 . SSS contribution payable
80 . Supplies
81 . Use supplies
82 . Table
83 . Tax payable
84 . Telephone bill
85 . The owner withdraw cash for personal use
86 . Truck
87 . Two storey house
88 . Unearned rent revenue
89 . Unearned service revenue
90 . Utilities payable
91 . Wages payable
92 . Payment of advertisement.
46 . Payment for repairs of office equipment
47 . Payment received for the repair of equipment
48 . Payment of assistance
49 . Payment of electric bill
50 . Payment of salaries
51 . Payment of SSS contribution on cash
52 . Payment of utility
53 . Payment of wages on cash
54 . Photography equipment
55 . Portrait revenue
56 . Prepaid insurance
57 . Prepaid rent
58 . Professional fees
59 . Promissory note for service rendered
60 . Promissory note from customer
61 . Purchase supplies on account
62 . Purchase supplies on cash
63 . Received bill for oil and gas
64 . Received cash for printing
65 . Received cash from customer
66 . Received partial payment
67 . Rendered repair service on account
68 . Rendered repair service on cash
69 . Rent expense
70 . Rent income
71 . Rent received in advance
72 . Rent revenue
73 . Salaries expense
74 . Salaries payable
75 . Payment of salaries on cash
76 . Service Rendered
77 . Service Rendered on account
78 . Service rendered on cash
79 . SSS contribution payable
80 . Supplies
81 . Use supplies
82 . Table
83 . Tax payable
84 . Telephone bill
85 . The owner withdraw cash for personal use
86 . Truck
87 . Two storey house
88 . Unearned rent revenue
89 . Unearned service revenue
90 . Utilities payable
91 . Wages payable
92 . Payment of advertisement.
assify the following financial elements as to: ASSETS (A),
ABILITY (L), CAPITAL ( C), REVENUE ( R), and EXPENSES ( E),
DATE ASSETS

AUG. ACCOUNTS OFFICE

CASH OFFICE SUPPLIES
2019 RECEIVABLE EQUIPMENT

1 ₱ 48,000
1 (800)
3 (12,000)
5 (1,500) ₱ 1,500
6 420
8 ₱ 1,350
15 ₱ 8,000
18 700
20 (1,350)
24 2,400
28 5,000 (5,000)
30 (1,100)
30 (340)
30 (1,050)
35,280 5,400 2,200 1,350
6
 OWNER'S
LIABILITIES
EQUITY

EXPLORATION
EQUIPMENT

b ₱ 48,000
(800)
₱ 22,000 ₱ 10,000

420
1,350
8,000
700
(1,350)
2,400

(1,100)
(340)
(1,050)
22,000 10,700 55,530
66,23066,230