Alex Printing Business

Chart of Accounts

Account Type Account Title

Assets Cash on Hand
Assets Accounts Receivable
Assets Secuity Deposit
Assets Prepaid Expense
Assets Printing Equipment
Assets Accumulated Depreciation
Liabilities Accounts Payable
Liabilities Accrued Expenses
Liabilities Other Current Payables
Liabilities Loans Payable
Equity Alex, Capital
Equity Alex, Drawing
Revenue Sales
Expenses Advertising
Expenses Bank Service Charge
Expenses Insurance Expense
Expenses Interest Expense
Expenses Office Expenses
Expenses Rent Expense
Expenses Repairs
Expenses Supplies Expense
Expenses Telephone Expense
Expenses Miscellaneous Expense
Assume the following transactions

01/01/2020 Mr. Alex invested $1,000 to start a printing business

01/02/2020 The company rented
obtained a loan from space.
a commercial a bank,Alex
$15,000
paid $3,000 as security deposit. Alex also paid three months rent in advance, not
01/03/2020 including January. Monthly rent is at $500 payable at the end of the month.
01/05/2020 The company purchased printers and paid a total of $3,000. These printers have an expected life of 3 years.
01/05/2020 The company purchased assorted printing supplies on account for $350.00
01/05/2020 Alex paid $200 in radio ads.
01/06/2020 Rendered services and received cash, $500
01/10/2020 Rendered services on account, $750
01/13/2020 Purchase supplies for cash $2,000
01/14/2020 Rendered service to Mr. James for $6,500, $3,000 is payable next month. The rest was paid by cash.
01/15/2020 Purchased office supplies on account, $200
01/15/2020 Had its equipment repaired for $400, to be paid after 15 days
01/18/2020 The company paid $450 in insurance for cash.
01/20/2020 Mr. Alex, the owner, withdrew $500 cash for personal use
01/29/2020 The company paid $50 for utilities in cash.
01/31/2020 Paid one-third of the loan obtained in transaction #2 together with interest of $50.
01/31/2020 Received customer payment from services in transaction #8.
01/31/2020 Cellphone service for the month is $25. No billing received yet.
 GENERAL JOURNAL PAGE
1 2
DOC. POST. GENERAL
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT

1 2020 1
2 Jan 1 Cash 1 1,000.00 2
3 Alex, Capital 1 1,000.00 3
4 To record the initial investment. 4
5 5
6 Jan 2 Cash 2 15,000.00 6
7 Loans Payable 2 15,000.00 7
8 To record the obtained loan from the bank. 8
9 9
### Jan 3 Security Deposit (or deposit receivables) 3 3,000.00 ###
### Pre Paid Rent 3 1,500.00 ###
### Cash 3 4,500.00 ###
### ###
### Jan 5 Equipment 4 3,000.00 ###
### Cash 4 3,000.00 ###
### The company purchased printers ###
### ###
### Supplies 5 350.00 ###
### Accounts Payable 5 350.00 ###
### The company purchased assorted printing supplies on account ###
### ###
### Advertising Expense 6 200.00 ###
### Cash 6 200.00 ###
### Alex paid for radio ads. ###
### ###
### Jan 6 Cash 7 500.00 ###
### Sales 7 500.00 ###
### Rendered services and received cash. ###
### ###
### Jan 10 Accounts Receivable 8 750.00 ###
### Sales 8 750.00 ###
### Rendered services on account ###
### ###
### Jan 13 Supplies 9 2,000.00 ###
### Cash 9 2,000.00 ###
### Purchase supplies for cash ###
### ###
### Jan 14 Cash 10 3,500.00 ###
### Accounts Receivable 10 3,000.00 ###
### Sales 10 6,500.00 ###
### Rendered service to Mr. James for $6,500, $3,000 is payable next month. ###
### ###
### Jan 15 Office Supplies 11 200.00 ###
### Accounts Payable 11 200.00 ###
### Purchased office supplies on account. ###
### ###
### Repair Expense 12 400.00 ###
### Accounts Payable 12 400.00 ###
### Equipment repaired to be paid after 15 days. ###
### ###
### Jan 18 Insurance Expense 13 450.00 ###
### Cash 13 450.00 ###
### The company paid in insurance for cash. ###
### ###
### Jan 20 Mr. Alex Drawing 14 500.00 ###
### Cash 14 500.00 ###
### Mr. Alex withdrew cash for personal use. ###
### ###
### Jan 29 Utilities Expense 15 50.00 ###
### Cash 15 50.00 ###
### The company paid for utilities in cash. ###
### ###
### Jan 31 Loans Payable 16 5,000.00 ###
### Interest Expenese 16 50.00 ###
### Cash 16 5,050.00 ###
### Paid 1/3 of the loan obtained in transaction #2 together with interest. ###
### ###
### Cash 17 750.00 ###
### Accounts Receivable 17 750.00 ###
### Received customer payment from services. ###
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ACCOUNT ACCOUNT NO.
POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT

2020 CASH ON HAND

Jan 1 Investment 1 1,000.00 1,000.00
Jan 2 Loan 2 15,000.00 16,000.00
Jan 3 Security Deposit and Pre Paid Rent Expense 3 4,500.00 11,500.00
Jan 5 Printing Equipment 4 3,000.00 8,500.00
Jan 5 6 200.00 8,300.00
Jan 6 7 500.00 8,800.00
Jan 13 9 2,000.00 6,800.00

Jan 14 10 3,500.00 10,300.00

Jan 18 13 450.00 9,850.00
Jan 20 14 500.00 9,350.00
Jan 29 15 50.00 9,300.00
Jan 31 16 5,050.00 4,250.00
Jan 31 17 750.00 5,000.00

ACCOUNTS RECEIVABLE
Jan 10 8 750.00 750.00

Jan 14 10 3,000.00 3,750.00

Jan 31 17 750.00 3,000.00

SECURITY DEPOSIT
Jan 3 3 3,000.00 3,000.00

PREPAID EXPENSE
Jan 3 3 1,500.00 1,500.00

PRINTING EQUIPMENT
Jan 5 4 3,000.00 3,000.00
Office supplies 5 350.00 350.00

ACCUMULATED DEPRECIATION

ACCOUNTS PAYABLE
Jan 5 5 350.00
Jan 15 11 200.00
Jan 31 18
12 400.00
ACCRUED EXPENSES

OTHER CURRENT PAYABLES

LOANS PAYABLE
Jan 2 2 15,000.00
Jan 31 16 5,000.00

ALEX, CAPITAL
Jan 1 1 1,000.00

ALEX, DRAWING
Jan 20 14 500.00 500.00

SALES
Jan 6 7 500.00
Jan 10 8 750.00

Jan 14 10 6,500.00

ADVERTISING
Jan 5 6 200.00 200.00

BANK SERVICE CHARGE

INSURANCE EXPENSE
Jan 18 13 450.00 450.00

INTEREST EXPENSE

Jan 31 16 50.00 50.00

 OFFICE EXPENSE

RENT EXPENSE

REPAIRS
Jan 15 12 400.00 400.00

SUPPLIES EXPENSE
Jan 5 5 350 350.00
Jan 13 9 2,000.00 2,350.00
Jan 15 11 200.00 2,550.00
TELEPHONE EXPENSE

UTILITIES EXPENSE
Jan 29 15 50.00 50.00
BALANCE
CREDIT 1/1/2020 Mr. Alex invested $1,000 to start a printing business
2/1/2020 The company obtained a loan from a bank, $15,000
3/1/2020 The company rented a commercial space. Alex paid $3,000 as security deposit. Alex also paid
5/1/2020 The company purchased printers and paid a total of $3,000. These printers have an expected li
5/1/2020 The company purchased assorted printing supplies on account for $350.00
5/1/2020 Alex paid $200 in radio ads.
6/1/2020 Rendered services and received cash, $500
10/1/2020 Rendered services on account, $750
01/13/2020 Purchase supplies for cash $2,000
01/14/2020 Rendered service to Mr. James for $6,500, $3,000 is payable next month. The rest was paid by

01/15/2020 Purchased office supplies on account, $200

01/15/2020 Had its equipment repaired for $400, to be paid after 15 days
01/18/2020 The company paid $450 in insurance for cash.
01/20/2020 Mr. Alex, the owner, withdrew $500 cash for personal use
01/29/2020 The company paid $50 for utilities in cash.
01/31/2020 Paid one-third of the loan obtained in transaction #2 together with interest of $50.
01/31/2020 Received customer payment from services in transaction #8.
01/31/2020 Cellphone service for the month is $25. No billing received yet.

350.00
550.00
 950.00

15,000.00
10,000.00 nasa debit dapat sya

1,000.00

500.00
1,250.00

7,750.00
di mu nasama yung 350
 Alex also paid three months rent in advance, not including January. Monthly rent is at $500 payable at the end of the month.
e an expected life of 3 years.

est was paid by cash.

 CASH ON HAND
ACCOUNT ACCOUNT NO.
POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT CREDIT

2020
Jan 1 Initial Investment 1 1,000.00 1,000.00
Jan 2 Loan 2 15,000.00 16,000.00
Jan 6 7 500.00 8,800.00
Jan 14 10 3,500.00 10,300.00
Jan 31 17 750.00 5,000.00
ACCOUNTS RECEIVABLE
Jan 10 8 750.00 750.00
Jan 14 10 3,000.00 3,750.00

SECURITY DEPOSIT
Jan 3 3 3,000.00 3,000.00

PREPAID EXPENSE
Jan 3 3 1,500.00 1,500.00

PRINTING EQUIPMENT
Jan 5 4 3,000.00 3,000.00
Office supplies 5 350.00 350.00

ALEX, DRAWING
Jan 20 14 500.00 500.00

ADVERTISING
Jan 5 6 200.00 200.00

INSURANCE EXPENSE
Jan 18 13 450.00 450.00

INTEREST EXPENSE
Jan 31 16 50.00 50.00
 Eto na yung cash on hand mu eh

1 1,000.00 1,000.00
2 15,000.00 16,000.00
3 4,500.00 11,500.00
4 3,000.00 8,500.00
6 200.00 8,300.00
7 500.00 8,800.00
9 2,000.00 6,800.00
10 3,500.00 10,300.00
13 450.00 9,850.00
14 500.00 9,350.00
15 50.00 9,300.00
16 5,050.00 4,250.00
17 750.00 5,000.00
 ALEX, CAPITAL
ACCOUNT ACCOUNT NO.
POST. BALANCE
DATE ITEM REF. DEBIT CREDIT DEBIT

2020
Jan 1 Initial Investment 1 1,000.00
Jan 3 Security Deposit and Pre Paid Rent Expense 3 4,500.00
Jan 5 Printing Equipment 4 3,000.00
Jan 13 6 200.00
Jan 14 9 2,000.00
Jan 18 13 450.00
Jan 20 14 500.00
Jan 29 15 50.00
Jan 31 16 5,050.00

ACCOUNTS RECEIVABLE
Jan 31 17 750.00

ACCOUNTS PAYABLE
Jan 5 5 350.00
Jan 15 11 200.00
Jan 31 18
12 400.00

LOANS PAYABLE
Jan 2 2 15,000.00
Jan 31 16 5,000.00

SALES
Jan 6 7 500.00
Jan 10 8 750.00
Jan 14 10 6,500.00
BALANCE
CREDIT

1,000.00
11,500.00
8,500.00
8,300.00
6,800.00
9,850.00
9,350.00
9,350.00
4,250.00

3,000.00

350.00
550.00

950.00

15,000.00
10,000.00

500.00
1,250.00
7,750.00