SCHOOL OF ST.

BROTHER BENILDE
Royal Meadows Subd. Tangle, Mexico, Pampanga

Final Examination in ABM 2

Name: _________________________________ Date: ___________________

Teacher: Ms. Charry Von V. Gopez Score: __________________

General Instruction: Read each instruction carefully.

I. IDENTIFICATION. Give the accounting term that best suits each statement. (10 points)
________________________1. This is the simple journal.

________________________2. It is a bank document used by a bank client to get cash from

his/her bank account.
________________________3. This gives a complete record of a transaction in one place.
________________________4. This represents the simplest form of an account and is used to
understand the effects of one or more transactions on the
account.
________________________5. Amount of money placed in a bank or financial institution with
fixed interest and maturity date.
________________________6. It is a company’s collection of all accounts with corresponding
account numbers.
________________________7. A record of the bank’s client set up by the bank.
________________________8. This is normal balance of the income account.
________________________9. Amount of money placed in a bank with modest interest and
with no holding period.
________________________10. An instrument written by a person in a payment for goods and
services acquired directing the person’s bank to pay a certain
amount of money to be drawn against the person’s checking
account.

II. On June 4, 2017 Flora Lao deposits ₱200,000 in her bank account with Platinum Bank.
The following day, she buys a painting from JSL Art Gallery and issues a check in the
amount of ₱30,000 as payment for the painting. On June 20, Flora Lao is scheduled to go
Baguio so she goes to Platinum Bank on June 18 to withdraw ₱50,000 for her Baguio
vacation. (15 points)
Required: Assuming you are Flora Lao, fill up the bank documents for the transactions stated
above.
III. The following are transactions of Sha Warm a Spa for the month of June. (80 points)
2017
June 1 Mr. Sha deposited ₱300,000 under the name of Sha Warm A Spa
3 Paid the rent for the month to Shaitzu Realty ₱20,000
5 Received ₱15,000 check from Mrs. Swedish for spa services rendered.
8 Received ₱50,000 from Mrs. Ventoza for a spa party held yesterday.
9 Paid attendant’s salaries for two weeks ₱4,800
14 Bought ₱3,000 spa supplies from Super Spa on account
15 Mr. Sha withdrew ₱5,000 for personal use
22 Sent ₱2,000 bill to Mr. Stone for spa services rendered
26 Paid Maynilad ₱850 water bill
27 Paid Mr. Clean ₱600 for laundry services
29 Purchased spa equipment for ₱12,000 cash

Required: 1. Journalize the transactions.

2. Post them on T-Accounts.
3. Prepare the trial balance.

“Fear not, for I am with you; be not dismayed, for I am your God. I will strengthen you, Yes, I will help you,
and I will uphold you with my righteous right hand.”
Isaiah 41:10

Prepared by: Approved by:

Charry Von V. Gopez Amador M. Patanao

Subject Teacher Officer-in-Charge