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General Journal Sample

General Journal Sample

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Published by BusinessTips.Ph
Sample General journal entries from our article in BusinessTips.Ph
Sample General journal entries from our article in BusinessTips.Ph

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Published by: BusinessTips.Ph on Feb 26, 2012
Copyright:Attribution Non-commercial

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07/12/2013

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M. SANTOS
General Journal
December 31, 2011
Amounts in Philippine Pesos
No.DateAccount name RefDebitCredit
112/01/11Cash250,000 M. Santos, capital 250,000 
To record M. Santos initial capital.
212/04/11Computer equipment 100,000 Accounts payable 100,000 
To record purchase of 5 sets of computer equipment on account worth P100,000
312/05/11Computer supplies 50,000 Cash50,000 
To record purchase of computer supplies on cash worth P50,000
412/10/11Taxes and licenses 20,000 Cash20,000 
To record payment of taxes and licenses
512/12/11Cash100,000 Loans Payable100,000 
To record bank loan received amounted to P100,000
612/24/11Cash5,000 Internet service income5,000 
To record internet rental income received on cash
712/24/11Accounts receivable 4,000 Printing service income4,000 To record printing services income on customers account812/27/11Accounts payable100,000 Cash100,000 
To record full payment of computer equipment purchased on account
912/27/11Rental expense 5,000 Cash5,000 
To record monthly rental expense paid
1012/29/11Salaries and wages 20,000 Cash20,000 
To record salaries and wages of employees
1112/29/11Cash4,000 Accounts receivable4,000 
To record collection of accounts receivable
1212/29/11Computer Supplies expense 3,000 Computer supplies3,000 
To record used supplies
1312/29/11Santos, drawing 25,000 Cash25,000 
To record cash drawn by Santos for his personal use
1412/30/11Cash50,000 Santos, Capital 50,000 
To record additional cash capital invested to the business
736,000736,000 

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