Journalizing

Date Particulars Reference Debit Credit Outstanding

Balance
O9-09-19 Cash 200.00

Pinoy Fries Capital 200.00

-Initial Capital

09-10-19

Flour 45.00

Vanilla 30.00

Salt 20.00

Sugar 45.00

Butter 38.00

Cash 178.00

-To record purchase

payment of flour,
vanilla, sugar, and
butter.
09-11-19

Sales

Pinoy Fries 295.00

-To Record sales of

Pinoy Fries @ 5/
piece

09-11-19

Pinoy Fries

Transportation 14.00

-to record
transportation
expenses
Posting

Date Flour Vanilla Salt Sugar

Cash Debit Credit Debit Credit Debit Credit Debit Credit

09-09-19 45.00 30.00 20.00 45.00

200.00
Dr= 45 Dr= 30 Dr= 20 Dr= 45

09-

10-19

45.00 Butter Pinoy fries Sales Pinoy

Capital Fries

30.00 Debit Credit 09- 200.00 09- 295.00

09-19 11-

19

20.00 38.00

45.00 Dr= 38 Cr=200 Cr= 295

38.00

09- Profit & Loss Transportation

11-19 Summary Expenses

14.00 09-10-19 09-11-19

495-192 281.00 281.00 14.00

=303

Dr= 303 281- Dr= 14

281=0
Pinoy fries

Statement of financial Position as of September 30, 2019

ASSETS

303.00
Cash
45.00
Flour
Flour 30.00

Vanilla 20.00

Sugar 45.00

38.00
Butter
Total Assets 481.00