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    Activity Sheet Adjusting Entries Deferrals

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    Shania Liwanag
    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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    © All Rights Reserved
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    Activity Sheet Adjusting Entries Deferrals

    Uploaded by

    Shania Liwanag
    500 views1 page
    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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    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.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    500 views1 page

    Activity Sheet Adjusting Entries Deferrals

    Uploaded by

    Shania Liwanag
    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.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
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    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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