Journalizing

DATE ACCOUNTS AND TRANSACTION DEBIT

Oct-20 Supplies Expense ₱ 20,000.00
Cash

Nov-01 Cash ₱ 30,000.00

Rent Income

Nov-18 Equipment ₱ 50,000.00

cash

Nov-30 No entry

Dec-04 Utilities expense ₱ 25,000.00

Cash

Dec-15 Notes Receivable ₱ 10,000.00

Sales
AE
Dec-31 Utilities Expense ₱ 28,000.00
Utilities Payable

Supplies on hand ₱ 5,000.00

Supplies Expense

Rent Income ₱ 20,000.00

Unearned Rent Income

Interest Receivable ₱ 44.00

Interest Income
(10,000 x 10%x 16/30)

Depreciation Expense ₱ 833.00

Accumulated Depreciation
(50,000/5 x 1/12)

2020
Jan-01 Utilities Payable ₱ 28,000.00
Utilities Expense

Supplies Expense ₱ 5,000.00

Supplies on hand

Unearned Rent income ₱ 20,000.00

Rent Income
 Interest Income ₱ 44.00
Interest Receivable
(10,000 x 10%x 16/30)

Jan-03 Utilities Expense ₱ 28,000.00

Cash

Mar-15 Cash(10,000 x 10 x 3/12)+10,000 ₱ 10,250.00

Notes Receivable
Interest Income

Jun-09 Supplies Expense ₱ 60,000.00

Cash

Aug-31 Cash ₱ 60,000.00

Rent Income

Dec-05 Utilities Expense ₱ 27,000.00

Cash

Dec-31 Utilities Expense ₱ 32,000.00

Utilities Payable

Supplies on hand ₱ 7,000.00

Supplies Expense

Rent Inocme ₱ 20,000.00

Unearned rent income

Depreciation Expens ₱ 10,000.00

Accumulated depreciation
(50,000/5x 12/12)
 CREDIT

₱ 20,000.00

₱ 30,000.00

₱ 50,000.00

₱ 25,000.00

₱ 10,000.00

₱ 28,000.00

₱ 5,000.00

₱ 20,000.00

₱ 44.00

₱ 833.00

₱ 28,000.00

₱ 5,000.00

₱ 20,000.00
₱ 44.00

UTILITIES EXPENSE (2020)

₱ 28,000.00 ₱ 28,000.00 1/1/2020
3/1/2020 ₱ 28,000.00
₱ 27,000.00
₱ 10,000.00 ₱ 32,000.00
₱ 250.00 ₱ 59,000.00

₱ 60,000.00 INTEREST INCOME

Jan-01 ₱ 44.00
₱ 250.00 Mar-15
₱ 60,000.00 ₱ 206.00

SUPPLIES EXPENSE
₱ 27,000.00 ₱ 5,000.00
₱ 60,000.00
₱ 7,000.00
₱ 32,000.00 ₱ 58,000.00

RENT INCOME
₱ 7,000.00 ₱ 20,000.00
₱ 60,000.00
₱ 20,000.00
₱ 20,000.00 ₱ 60,000.00

DEPRECIATION
₱ 10,000.00 ₱ 10,000.00