Journalizing

Date Particulars Debit Credit

Apr 1 Cash 100,000
Petty cash fund 1,000
Satake Rice Mill 950,000
Esparaquera, Capital 1,130,000
To record total investment.

3 Diesoline Inventory 15,000

Cash 15,000
To record purchase of diesoline.

5 Taxes and Licenses 2,800

Cash 2,800
#

7 Salaries Expense 3,000

Advance to Employee 3,000
#

8 Repairs and Maintenance 500

Petty cash fund 500
#

14 Accounts receivable 9,000

cash 9,000
#
18 Esparaquera, withdrawal 8,000
Cash 8,000
#
20 Cash 18,000
Milling income 18,000
#
23 Account payable 15,000
Cash 15,000
#
27 Accounts payable 3,000
cash 3,000
#
28 Cash 7,000
other income 7,000
#
29 Light and water 8,000
Cash 8,000
30 Cash 15,000
Advances to Employees 3,000
Milling income 25,000