General Journal Page: 1

Ref Debit Credit

Date Account Titles & Explanation
2020 May
a Cash 100 ₱ 100,000.00
Dabucol, Capital 300 ₱ 100,000.00
Initial Investment

b Rent Expense 500 ₱ 5,000.00

Cash 100 ₱ 5,000.00
Paid rent on cash

c Office Furniture 120 ₱ 15,000.00

Cash 100 ₱ 15,000.00
Bought office furniture in cash

d Office Equipment 130 ₱ 54,000.00

Cash 100 ₱ 27,000.00
Accounts Payable 200 ₱ 27,000.00
Received office equipment

e Cash 100 ₱ 12,000.00

Consulting Revenues 400 ₱ 12,000.00
Received revenues in cash

f Accounts Receivable 110 ₱ 10,800.00

Consulting Revenues 400 ₱ 10,800.00
Received revenues on account

g Office Equipment 130 ₱ 7,500.00

Cash 100 ₱ 3,000.00
Accounts Payable 200 ₱ 4,500.00
Acquired an office equipmentin cash

h Cash 100 ₱ 5,400.00

Accounts Receivable 110 ₱ 5,400.00
Received cash on account

i Salaries Expense 520 ₱ 10,000.00

Cash 100 ₱ 10,000.00
Paid salaries expense in cash

j Accounts Payable 200 ₱ 4,500.00

Cash 100 ₱ 4,500.00
 Settled in full balance in cash

k Cash 100 ₱ 7,000.00

Consulting Revenues 400 ₱ 7,000.00
Received revenues in cash

l Accounts Receivable 110 ₱ 12,000.00

Consulting Revenues 400 ₱ 12,000.00
Received revenues on account

m Utilities Expense 510 ₱ 1,350.00

Cash 100 ₱ 1,350.00
Paid utilities expense in cash

n Miscellaneous Expense 530 ₱ 2,400.00

Cash 100 ₱ 2,400.00
Paid miscellaneous expense in cash

o Cash 100 ₱ 2,000.00

Accounts Receivable 110 ₱ 2,000.00
Received cash in account

p Dabucol, Withdrawals 310 ₱ 7,000.00

Cash 100 ₱ 7,000.00
Withdrew in cash for personal expenses
 T ACCOUNTS
Cash Accounts Receivable
DR. CR. DR. CR.
A. 100,000 5,000 B. F. 10,800 5,400 H.
E. 12,000 15,000 C. L. 12,000 2,000 O.
H. 5,400 27,000 D. 22,800 7,400
K. 7,000 3,000 G. 15,400
O. 2,000 10,000 I.
4,500 J.
1,350 M.
2,400 N.
7,000 P.

126,400 75,250
51,150

Office Equipment Accounts Payable

DR. CR. DR. CR.
D. 54,000 J. 4,500 27,000 D.
G. 7,500 4,500 G.
61,500 4,500 31,500
27,000

Dabucol, Withdrawals Consulting Revenues

DR. CR, DR. CR.
P. 7,000 12,000 E.
10,800 F.
7,000 K.
12,000 L.
41,800

Utilities Expense Salaries Expense

DR. CR. DR. CR.
M. 1,350 I. 10,000
 Office Furniture
DR. CR.
C. 15,000

Dabucol, Capital
DR. CR.
100,000 A.

Rent Expense
DR. CR.
B. 5,000

Miscellaneous Expense
DR. CR.
N. 2,400
 DABUCOL
TRIAL BALANCE
2020 MAY

ACCOUNT TITILE DEBIT CREDIT

Cash 51,150
Accounts Receivable 15,400
Office Furniture 15,000
Office Equipment 61,500
Accounts Payable 27,000
Dabucol, Capital 100,000
Dabucol, Withdrawals 7,000
Consulting Revenues 41,800
Rent Expense 5,000
Utilities Expense 1,350
Salaries Expense 10,000
Miscellaneous Expense 2,400

TOTAL: 168,800 168,800