Description Debit Credit

Cash 160,500.00
Trading Security 20,000.00
Prepaid Rent ₱ 25,000.00
Prepaid Supplies ₱ 8,800.00
Equipment ₱ 175,250.00
A/R ₱ 71,000.00
N/R ₱ 13,000.00
Furniture ₱ 87,500.00
Leasehold Improvement ₱ 100,000.00
Rental Deposit ₱ 60,000.00
Advances to Employees ₱ 50,000.00
Delivery Truck ₱ 300,000.00
BPI Loan Payable ₱ 214,000.00
Accounts Payable ₱ 11,000.00
Notes Payable ₱ 13,000.00
Mortgage Payable ₱ 100,000.00
XX, Capital ₱ 562,750.00
XX, Drawing ₱ 13,700.00
Service Revenue ₱ 180,000.00
Interest Income ₱ 1,000.00
Advertising Expense ₱ 5,000.00
Rent Expense ₱ 25,000.00
Interest Expense ₱ 2,000.00
Salaries Expense ₱ 25,000.00
Utilities Expense ₱ 13,000.00
Maintenance Expense ₱ 10,000.00
Total 1,124,750.00 ₱ 1,121,750.00
 Cash Trading Security
$ 100,000.00 $ 60,000.00 $ 20,000.00
$ 240,000.00 $ 10,000.00
$ 80,000.00 $ 100,000.00
$ 2,000.00 $ 12,500.00
$ 25,000.00 $ 20,000.00
$ 21,000.00 $ 25,000.00 $ 20,000.00
$ 13,000.00 $ 2,000.00
$ 5,000.00
$ 10,000.00 Furniture
$ 50,000.00 $ 87,500.00
$ 26,000.00
$ 481,000.00 $ 320,500.00
$ 160,500.00

Notes Receivable $ 87,500.00

$ 13,000.00

BPI Loan Payable

$ 26,000.00 $ 240,000.00

$ 13,000.00

$ 214,000.00

XX, Drawing Service Revenue

$ 13,700.00 $ 80,000.00
$ 15,000.00
$ 25,000.00
$ 35,000.00
$ 25,000.00
$ 13,700.00 $ 180,000.00

Salaries Expense
$ 25,000.00

$ 25,000.00
 Prepaid Rent Prepaid Supplies
$ 25,000.00 $ 10,000.00 $ 1,200.00

$ 25,000.00 $ 8,800.00

Leasehold Improvement Rental Deposit

$ 100,000.00 $ 60,000.00

$ 100,000.00 $ 60,000.00

Accounts Payable Notes Payable

$ 2,000.00 $ 13,000.00 $ 13,000.00

$ 11,000.00 $ 13,000.00

Interest Income Advertising Expense

$ 1,000.00 $ 5,000.00

$ 1,000.00 $ 5,000.00

Utilities Expense Maintenance Expense

$ 13,000.00 $ 10,000.00

$ 13,000.00 $ 10,000.00
 Equipment Accounts Receivable
$ 175,250.00 $ 15,000.00 $ 14,000.00
$ 25,000.00
$ 35,000.00
$ 10,000.00

$ 175,250.00 $ 71,000.00

Advances to Employees Delivery Truck

$ 50,000.00 $ 300,000.00

$ 50,000.00 $ 300,000.00

Mortgage Payable XX, Capital

$ 100,000.00 $ 100,000.00
$ 175,250.00
$ 87,500.00
$ 200,000.00

$ 100,000.00 $ 562,750.00

Rent Expense Interest Expense

$ 25,000.00 $ 2,000.00

$ 25,000.00 $ 2,000.00
Date Description Debit Credit
1 Cash ₱ 100,000.00
XX, Capital ₱ 100,000.00

Equipment ₱ 175,250.00
XX, Capital ₱ 175,250.00

Furniture ₱ 87,500.00
XX, Capital ₱ 87,500.00

Delivery Truck ₱ 300,000.00

Mortgage Payable ₱ 100,000.00
XX, Capital ₱ 200,000.00

2 Cash ₱ 240,000.00
BPI Loan Payable ₱ 240,000.00
Interest Expense ₱ 2,000.00

3 Rental Deposit ₱ 60,000.00

Cash ₱ 60,000.00

4 Prepaid Supplies ₱ 10,000.00

Cash ₱ 10,000.00

5 Leasehold Improvement ₱ 100,000.00

Cash ₱ 100,000.00

6 XX, Drawings ₱ 13,700.00

Cash ₱ 12,500.00
Prepaid Supplies ₱ 1,200.00

7 Trading Security ₱ 20,000.00

Cash ₱ 20,000.00

8 Cash ₱ 80,000.00
Service Revenue ₱ 80,000.00

9 (Mr.ABC)
Accounts Receivable ₱ 15,000.00
Service Revenue ₱ 15,000.00

(Ms.YYY)
Accounts Receivable ₱ 25,000.00
Service Revenue ₱ 25,000.00
 (Mr.GHI)
Accounts Receivable ₱ 35,000.00
Service Revenue ₱ 35,000.00

(Ms.ZAD)
Accounts Receivable ₱ 10,000.00
Service Income ₱ 10,000.00

10 Utility Expense ₱ 13,000.00

Accounts Payable ₱ 13,000.00

11 Cash ₱ 2,000.00
Notes Payable ₱ 13,000.00

12 Cash ₱ 25,000.00
Service Revenue ₱ 25,000.00

13 Salaries Expense ₱ 25,000.00

Cash ₱ 25,000.00

14 Rent Expense ₱ 25,000.00

Prepaid Rent ₱ 25,000.00

15 Cash ₱ 21,000.00
Accounts Receivable ₱ 14,000.00
Service Income ₱ 35,000.00

16 Accounts Payable ₱ 2,000.00

Cash ₱ 2,000.00

17 Advertising Expense ₱ 5,000.00

Cash ₱ 5,000.00

Maintenance Expense ₱ 10,000.00

Cash ₱ 10,000.00

18 Advances to Employees ₱ 50,000.00

Cash ₱ 50,000.00

19 BPI Loan Payable ₱ 26,000.00

Cash ₱ 26,000.00

20 Cash ₱ 13,000.00
Notes Receivable ₱ 13,000.00
Interest Income ₱ 1,000.00