Entrepreneurship 10 Quarter 2 Module 10

Name: Raymund B. Cawilan 11-A

Entrepremeurship Quarter 2 Module 10

Grade

What I Have Learned 1. Bookkeeper 2. Journal 3. Ledger 4. Balance Sheet. 5. Income Statement.

6. Adjusting Entry 7. Trial Balance. 8. Cash Flow Statement 9. Cash Sales 10. Cash Receipts. What I Can Do

1. How much is the total service income collected in cash? Answer: P 215,000 2. How much is the total service income still collectible? Answer: P310,000 3. How much is the total expenses? Answer: P342,000 4. How much is the net income of GIN Janitorial and General Services, Inc.? Answer: P183,000 Assessment 6.B 7.B 8.A 9.C 10.D

1.C 2.A 3.D 4.C 5.C

Honda Massage and Spa Services Income received from massage service

Php 120,000

Water expenses Soap expense Massage oil expenses Light & power expenses Rent of the Massage parlor Salary of staff (4 massage worker) Telephone expenses

Php 4,000 Php 7,500 Php 15,000 Php 12,000 Php 24,000 Php 72,000 Php 7,500 Php 142,000

Total expenses: Net Loss/Profit ( Service Income – Total Expenses) Net Loss

Bookkeeping

Php 120,000 - Php 142,000 Php 22,000

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