DATE ACC.

TITLES/EXPLANATION DEBIT CREDIT

Cash ₱20,000
January 3, 2019 Mr. Yu, Capital ₱20,000
To record the investment of Mr. Yu for repair business.
Machineries and Equipment ₱3,500
January 5, 2019 Accounts Payable ₱3,500
To record purchases of equipment on account.
Cash ₱4,000
January 9, 2019 Unearned Revenue ₱4,000
To record the customers advanced payment for services but not yet rendered.
Accounts Receivable ₱5,500
January 10, 2019 Service Revenue ₱5,500
To record revenue earned, billed customer.
January 12, 2019 Utility expense ₱300
Cash ₱300
To record a paid utility bill with cash.
Mr. Yu- Drawings ₱1,000
January 14, 2019 Cash ₱1,000
To record withdrawal for personal use.
Cash ₱2,800
January 17, 2019 Service Revenue ₱2,800
To record the received/collected cash for services rendered.
January 18, 2019 Accounts payable ₱3,500
Cash ₱3,500
To record the full payment for the purchase on January 5.
Salary Expense ₱3,600
January 20, 2019 Cash ₱3,600
To record salary expense in paying the salary of an employee.
Cash ₱5,500
January 23, 2019 Accounts Receivable ₱5,500
To record received cash from customer payment.
Accounts Receivable ₱1,200
January 27, 2019 Service Revenue ₱1,200
To record billed customer for services rendered.
Supplies ₱500
January 30, 2019 Accounts Payable ₱500
To record purchases and payment of supplies in account.
Balance: ₱51,400 Balance: ₱51,400
ACTIVITY 2 in FABM1

4TH GRADING

Alliah Vance O. Capuz

11 ABM A- St. Sebastian