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  • Selfie Muna Photography General Journal For The Month of January 2020

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    Melissa Angeles
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    Selfie Muna Photography recorded various business transactions in January 2020 including purchasing land and buildings for $1,950,000, receiving loans and revenue, paying expenses such as supplies, equipment, salaries and utilities, and making drawings. Accounts receivable increased by $160,000 from services while unearned service revenue increased by $200,000. Total debits and credits for the month were $3,578,000.

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    Selfie Muna Photography recorded various business transactions in January 2020 including purchasing land and buildings for $1,950,000, receiving loans and revenue, paying expenses such as supplies, equipment, salaries and utilities, and making drawings. Accounts receivable increased by $160,000 from services while unearned service revenue increased by $200,000. Total debits and credits for the month were $3,578,000.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    38 views3 pages

    Selfie Muna Photography General Journal For The Month of January 2020

    Uploaded by

    Melissa Angeles
    Selfie Muna Photography recorded various business transactions in January 2020 including purchasing land and buildings for $1,950,000, receiving loans and revenue, paying expenses such as supplies, equipment, salaries and utilities, and making drawings. Accounts receivable increased by $160,000 from services while unearned service revenue increased by $200,000. Total debits and credits for the month were $3,578,000.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    Selfie Muna Photography

    General Journal
    For the month of January 2020

    Page No. _1_

    Date Particulars PR Dr. Cr.


    Jan. 1 Land P750,000
    Building P1,200,000
    Cash P1,950,000

    3 Cash P100,000
    Loans Payable P100,000

    5 Supplies P35,000
    Cash P35,000

    9 Equipment P200,000
    Accounts Payable P200,000

    10 Ponce, Drawing P40,000


    Cash P40,000

    14 Cash P350,000
    Service Revenue P350,000

    15 Accounts Receivable P80,000


    Service Revenue P80,000

    16 Cash P50,000
    Ponce, Capital P50,000

    17 Cash P95,000
    Service Revenue P95,000

    19 Utilities Expense P5,000


    Utilities Payable P5,000

    20 Salaries Expense P60,000


    Cash P60,000

    23 Cash P200,000
    Unearned Service Revenue P200,000

    25 Cash P25,000
    Service Revenue P25,000
    Selfie Muna Photography
    General Journal
    For the month of January 2020

    Page No. _2___

    Date Particulars PR Dr. Cr.


    Jan. 25 Equipment P115,000
    Notes Payable P100,000
    Cash P15,000

    26 Accounts Receivable P80,000


    Service Revenue P80,000

    27 Utilities Expense P5,000


    Cash P5,000

    28 Cash P80,000
    Accounts Receivable P80,000

    30 Representation Expense P30,000


    Cash P30,000

    Prepaid Insurance P75,000


    Cash P75,000

    31 Utilities Payable P3,000


    Cash P3,000

    TOTAL P3,578,000 P3,578,000

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