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Activity Sheet Adjusting Entries Deferrals

The document is an activity sheet from Holy Angel University for a student named Daerein P. Gonzales assessing their understanding of adjusting journal entries for deferrals. It provides examples of adjusting entries to record unearned income from dental fees, medical fees, and rentals received in advance, and asks the student to calculate the adjusting entries for similar scenarios spanning multiple months.

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Shania Liwanag
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1K views1 page

Activity Sheet Adjusting Entries Deferrals

The document is an activity sheet from Holy Angel University for a student named Daerein P. Gonzales assessing their understanding of adjusting journal entries for deferrals. It provides examples of adjusting entries to record unearned income from dental fees, medical fees, and rentals received in advance, and asks the student to calculate the adjusting entries for similar scenarios spanning multiple months.

Uploaded by

Shania Liwanag
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

HOLY ANGEL UNIVERSITY

Basic Education Department


#1 Holy Angel Avenue, Sto. Rosario, Angeles City

ACTIVITY SHEET

Name: Daerein P. Gonzales Grade/Score:


Year and Section: 11-St. Margaret Date: March 25, 2021
Subject: Fundamentals of Accountancy, Business, and Management 1 Teacher: Angelito G. Silvestre

Activity: (Please check the appropriate box)


Concept Notes Laboratory Report Formal Theme Journal
̸ Skills/Drills/Exercises Drawing/Art/Plate Informal Theme Quiz
Others ______________________________

Activity Title: Adjusting Entries - Deferrals


Learning Target/s: To make the required adjusting journal entries for Deferrals
Reference: Title: Fundamentals of Accountancy, Business, and Management 1 for Senior High School
Author/s: Flocer Lao Ong Page Nos: 124

Example:

On August 01, Dr. Yee received 90,000 for dental fees to be rendered in the next 6 months.
Give the Adjusting Journal Entry at the end of September.

Unearned Dental Fees 30,000


Dental Fees 30,000
(90,000/6 x 2)

Solve:

On May 1, Dr. Ma received 81,000 for medical fees to be rendered in the next 9 months. Give the
Adjusting Journal Entry at the end of July.

Unearned Medical Fees 27,000


Medical Fees 27,000
81,000/9mos * 3mos (May, June, July)

Example:

On December 01, 2018, Petit Co. received 48,000 amount of advanced rentals for 6 months.
Give the Adjusting Journal Entry on December 31, 2018.

Unearned Rent Income 8,000


Rent Income 8,000
(48,000/6 x 1)

Solve:

On August 31, 2018, Pee Co. received 66,000 amount of advanced rentals for 6 months. Give the
Adjusting Journal entry on December 31, 2018.

Unearned Rent Income 44,000


Rent Income 44,000
66,000/6mos * 4mos(Sept, Oct, Nov, Dec)

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