Account Titles

Cash
Accounts Receivable
Notes Receivable
Prepaid Rent
Prepaid Advertisement
Equipments
Furnitures
Supplies
Transportation Equipment
Owner, Capital
Owner, Drawing
Service Income
Accounts Payable
Notes Payable
Interest Income
Notes Receivable Discounted
Salaries Expense
Repair and Maintenance Expense
Taxes Expense
Utilities Expense
Interest Expense
TOTAL
Rent Expense
Advertisement Expense
Doubtful Accounts Expense
Allowance For Doubtful Accounts
Depriciation Expense-Equipment
Accumulated Depriciation Expense-Equipment
Depriciation Expense-furnitures
Accumulated Depriciation Expense-Furnitures
Depriciation Expense-transportation Equipment
Accumulated Depriciation Expense-transportation Equipment
Interest Receivable
Interest Income
Interest Expense
Interest Payable
TOTAL

Trial Balance
Debit
Credit
98,404.37
20,000.00
66,000.00
8,000.00
6,000.00
50,000.00
150,000.00
30,000.00
250,000.00
360,000.00
15,000.00
276,000.00
50,000.00
100,000.00
1,500.00
36,000.00
106,800.00
6,000.00
5,305.00
10,000.00
1,990.63
823,500.00 823,500.00

Adjustments
Debit
Credit

Adjusted Trial Balance

Debit
Credit
98,404.37
20,000.00
66,000.00

8,000.00
6,000.00
50,000.00
150,000.00
30,000.00
250,000.00
360,000.00
15,000.00
276,000.00
50,000.00
100,000.00
1,500.00
36,000.00
106,800.00
6,000.00
5,305.00
10,000.00
1,990.63
8,000.00
6,000.00
2,000.00

8,000.00
6,000.00
2,000.00
2,000.00

979.17

2,000.00
979.17

979.17
500.00

979.17
500.00

500.00
3,333.33

500.00
3,333.33

3,333.33
300.00

3,333.33
300.00

300.00
398.13

300.00
398.13

398.13
831,010.63

398.13
831,010.63

Income Statement
Debit
Credit

Balance Sheet
Debit
Credit

Date
Dec

Particulars
Cash
Office Equipment
Supplies
Furniture
Owner, Capital
Investment by the Owner

Folio
101
110
112
111
130

Debit
150,000.00
50,000.00
30,000.00
50,000.00

Prepaid Rent
Prepaid Advertisement
Cash
paid rent and advertisement for one month

104
105
101

8,000.00
6,000.00

Cash

101
140
130

50,000.00

Service Income
Owner, Capital
Service Rendered and Additonal Investment
5

Accounts Receivable
Owner, Drawing
Service Income
Cash
Rendered Service and Withdrew Cash

102
131
140
101

20,000.00
5,000.00

Cash
Accounts Receivable
Service Income
Rendered Service

101
102
140

5,000.00
30,000.00

10

Furniture
Notes Payable
Purchased Furniture on Notes

111
121

100,000.00

12

Transportation
Cash
Accounts Payable
Purchased Car for Business

113
101
120

250,000.00

15

Cash
Notes Receivable
Service Income
Rendered Service

101
103
140

25,000.00
30,000.00

16

Salaries Expense
Cash
Paid Salary

150
101

53,400.00

18

Repairs and Maintenance Expense

Cash
Paid Repairs

151
101

6,000.00

18

Cash

101
120

50,000.00

Accounts Payable
Loaned from the Bank
19

Accounts Receivable
Service Income
Rendered Service

102
140

30,000.00

20

Cash

101
102

50,000.00

101
140

15,000.00

Accounts Receivable
Collected Cash
20

Cash
Service Income
Rendered Service

22

Owner, Drawing
Cash
Withdrew Cash

131
101

10,000.00

22

Notes Receivable
Service Income
Rendered Service

103
140

36,000.00

25

Cash
Interest Expense
Notes Receivable Discounted
Interest Income
Discounted Note

101
152
121
160

35,509.37
1,990.63

25

Accounts Payable
Cash
Paid Account

120
101

200,000.00

26

Cash

101
140
130

65,000.00

101
140

30,000.00

Service Income
Owner, Capital
Rendered Service and Additional Investment
29

Cash
Service Income
Rendered Service

29

Cash
Accounts Receivable
Collected Account

101
102

30,000.00

29

Accounts Receivable
Service Income
Rendered Service

102
140

20,000.00

30

Salaries Expense
Cash
Paid Salary

150
101

53,400.00

30

Utilities Expense
Cash
Paid Utilities

153
101

10,000.00

30

Taxes and Licenses Expense

Cash
Paid Taxes

154
101

5,305.00

Credit

280,000.00

14,000.00

10,000.00
40,000.00

20,000.00
5,000.00

35,000.00

100,000.00

50,000.00
200,000.00

55,000.00

53,400.00

6,000.00

50,000.00

30,000.00

50,000.00

15,000.00

10,000.00

36,000.00

36,000.00
1,500.00

200,000.00

25,000.00
40,000.00

30,000.00

30,000.00

20,000.00

53,400.00

10,000.00

5,305.00

Months
month 1

Transactions
1 Investment
cash
eqpt
supplies
furniture
3 Rent for One Month
Advertisement for One Month
4 service income/cash
additional invest
5 accounts receiv/service income
withdrawal
8 service income/cash
accounts reciv/service income
10 notes payable
furniture
3 months 12%
12 car/add invest
cash paid
accounts payable
16 salaries
licenses/sss philhealth
15 service income/cash
notes receivable
2 months 5%
18 Repairs / Maintenance
bank loan/accounts payable
19 accounts receivable/service income
20 collected day 5, day 8
service income/cash
22 notes receivable/service income
5 months 10%
withdrawal
25 discounted day 22 at 13%
paid day 12
26 service income/cash
additional flowers
29 Service income/cash
Collected day 19
Accounts recive service
30 Salaries
licenses/pagibig/witholding
utilities
car
scrap

Cost
280000
150000
50000
30000
50000
8000
6000
10000
40000
20000
5000
5000
30000
100000
100000
250000
50000
200000
53400
6000
25000
30000
6000
50000
30000
50000
15000
36000
10000
200000
25000
40000
30000
30000
20000
53400
6000
10000
250000
50000

5 years
1st eqpt
furniture
2nd furniture

50000
50000
100000

3000 4 years
2000 8 years
5000 10 years

Date
Dec

Titles
1
4
8
15
18
20
20
25
26
29
29

Folio
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1

Balance

Dec

5
8
19
29

GJ1
GJ1
GJ1
GJ1
Balance

Dec

Debit
Date
CASH
101
150,000.00 Dec
3
50,000.00
5
5,000.00
12
25,000.00
16
50,000.00
18
50,000.00
22
15,000.00
25
35,509.37
30
65,000.00
30
30,000.00
30
30,000.00
505,509.37
98,404.37
Accounts Receivable
20,000.00 Dec
30,000.00
30,000.00
20,000.00
100,000.00
20,000.00

Balance

104

GJ1
GJ1

Dec

Balance

GJ1

Dec

Balance

GJ1

Prepaid Advertisment
6,000.00

Dec

1
10

20
29

103

Prepaid Rent
8,000.00

102

Notes Receivable
30,000.00
36,000.00
66,000.00

15
22

Dec

Titles

Balance

GJ1

GJ1
GJ1
Balance

Office Equipment
50,000.00

105

110

Furniture
50,000.00
100,000.00
150,000.00

111

Supplies

112

Dec

Balance

GJ1

30,000.00

Dec

12

Balance

GJ1

Transportation
250,000.00

Dec

25

GJ1

113

Accounts Payable
200,000.00 Dec

120
12
18
Balance

Notes Payable
Dec

Notes Receivable Discounted

Dec

Owner, Capital
Dec

121
10

Balance

121
25

Balance

130
1
4
26
Balance

Dec

5
22

GJ1
GJ1
Balance

Owner, Drawing
5,000.00
10,000.00
15,000.00

131

Service Income

140
Dec

4
5
8
15
19
20
22
26
29
29
Balance

Dec

16
30

GJ1
GJ1

Salaries Expense
53,400.00
53,400.00

150

Balance

106,800.00

Dec

18

Balance

GJ1

Repair and Maintenance Expense

6,000.00

25

Balance

GJ1

Interest Expense
1,990.63

152

Dec

Utilities Expense
10,000.00

153

Dec

30

Balance

GJ1

Dec

31

Balance

Gj1

Taxes and License Expense

5,305.00

GJ1

Interest Income
1,500.00

Dec

25

Balance

151

154

160

Titles

Credit

GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1

14,000.00
5,000.00
50,000.00
53,400.00
6,000.00
10,000.00
200,000.00
53,400.00
10,000.00
5,305.00
407,105.00

GJ1
GJ1

50,000.00
30,000.00
80,000.00

102

103

104

10

Folio

105

113

120
GJ1
GJ1

200,000.00
50,000.00
250,000.00
50,000.00

Balance

GJ1

100,000.00

Balance

GJ1

36,000.00

GJ1
GJ1
GJ1

280,000.00
40,000.00
40,000.00
360,000.00

GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1
GJ1

10,000.00
20,000.00
35,000.00
55,000.00
30,000.00
15,000.00
36,000.00
25,000.00
30,000.00
20,000.00
276,000.00

Balance

121

121

30

Balance
131

140

150

Balance

151

52

53

154