Account Titles Cash Accounts Receivable Notes Receivable Prepaid Rent Prepaid Advertisement Equipments Furnitures Supplies TransportationEquipment Owner, Capital Owner, Drawing Service Income Accounts Payable Notes Payable Interest Income Notes Receivable Discounted Salaries Expense RepairandMaintenanceExpense 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
1
Particulars Cash Office Equipment Supplies Furniture Owner, Capital Investment by the Owner
3
Prepaid Rent Prepaid Advertisement Cash paid rent and advertisement for one month
4
Cash Service Income Owner, Capital Service Rendered and Additonal Investment
Folio 101 110 112 111 130
104 105 101
101 140 130
Debit 150,000.00 50,000.00 30,000.00 50,000.00
8,000.00 6,000.00
50,000.00
5
Accounts Receivable Owner, Drawing Service Income Cash Rendered Service and Withdrew Cash
102 131 140 101
20,000.00 5,000.00
8
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
15C
ash Notes Receivable Service Income Rendered Service
101 103 140
25,000.00 30,000.00
16
Salaries Expense Cash
150 101
53,400.00
Paid Salary
18
18C
RepairsandMaintenanceExpense Cash Paid Repairs ash Accounts Payable Loaned from the Bank
19
20C
Accounts Receivable Service Income Rendered Service ash AccountsReceivable Collected Cash
20C
ash Service Income Rendered Service
151 101
101 120
102 140
6,000.00
50,000.00
30,000.00
101 102
50,000.00
101 140
15,000.00
22
Owner, Drawing Cash Withdrew Cash
131 101
10,000.00
22
Notes Receivable Service Income Rendered Service
103 140
36,000.00
25C
ash Interest Expense NotesReceivableDiscounted Interest Income Discounted Note
101 152 121 160
25
Accounts Payable Cash Paid Account
120 101
26C
ash Service Income Owner, Capital Rendered Service and Additional Investment
29C
ash Service Income Rendered Service
35,509.37 1,990.63
200,000.00
101 140 130
65,000.00
101 140
30,000.00
29C
ash AccountsReceivable 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
TaxesandLicensesExpense Cash Paid Taxes
154
5,305.00 101
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 AdvertisementforOneMonth 4 serviceincome/cash additional invest 5a ccountsreceiv/serviceincome withdrawal 8 service income/cash accountsreciv/serviceincome 10 notes payable furniture 3 months 12% 12 car/add invest cash paid accounts payable 16 salaries licenses/sssphilhealth 15 serviceincome/cash notes receivable 2 months 5% 18 RepairsMaintenance / bankloan/accountspayable 19 accountsreceivable/serviceincome 20 collectedday5,day8 service income/cash 22n otesreceivable/serviceincome 5 months 10% withdrawal 25 discounted day 22 at 13% paid day 12 26 serviceincome/cash additional flowers 29 Serviceincome/cash Collected day 19 Accountsreciveservice 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
3000years 4 2000years 8 5000 10 years
Date Dec
Titles
Folio
1 4 8 15 18 20
GJ1 GJ1 GJ1 GJ1 GJ1 GJ1
20 25 26 29 29
GJ1 GJ1 GJ1 GJ1 GJ1 Balance
Dec
5 8 19 29
GJ1 GJ1 GJ1 GJ1 Balance
Dec
15 22
GJ1 GJ1 Balance
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 35,509.37 65,000.00 30,000.00 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
103
104
3
Balance
GJ1
Prepaid Rent 8,000.00
Dec
3
Balance
GJ1
Prepaid Advertisment 6,000.00
Dec
1
Balance
GJ1
Dec
1 10 Balance
102 20 29
Notes Receivable 30,000.00 36,000.00 66,000.00
Dec
GJ1 GJ1
25 30 30 30
Office Equipment 50,000.00
105
110
Furniture 50,000.00 100,000.00 150,000.00
111
Supplies
112
Dec
1
Balance
GJ1
30,000.00
Dec
12
Balance
GJ1
Transportation 250,000.00
113
Accounts Payable Dec
25
GJ1
120
200,000.00 Dec
Notes Payable Dec
Notes Receivable Discounted Dec
Owner, Capital Dec
Dec
5 22
GJ1 GJ1 Balance
12 18
121 10
121 25
130 1 4 26
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
Salaries Expense Dec
16 30
GJ1 GJ1
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
30
Balance
GJ1
Utilities Expense 10,000.00
153
Dec
Dec
31
Balance
Gj1
Taxes and License Expense 5,305.00
Dec
25
Balance
GJ1
Interest Income 1,500.00
151
154
160
Titles
Folio
Credit
GJ1 GJ1 GJ1 GJ1 GJ1 GJ1
14,000.00 5,000.00 50,000.00 53,400.00 6,000.00 10,000.00
GJ1 GJ1 GJ1 GJ1
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
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
10,000.00
GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1 GJ1
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
Balance
Balance
