T-account

Cash on hand
Dr. Cr.
11/25 380

Bal. 380

Cash in Bank- BDO

Dr. Cr.
10/1 100,000 7,840 10/2
10/14 5,600 1,680 10/3
10/15 145,600 7,770 10/8
10/20 16,800 500 10/10
10/23 945,265 2,750 10/16
10/26 10,000 2,000 10/18
11/17 140,000 5,500 10/19
11/27 112,000 3,000 10/21
12/15 56,000 1008000 10/24
3,000 10/25
21,819 11/1
5000 11/21
4,275 12/18

Bal. 458,131

Cash in Bank- Unionbank

Dr. Cr.
10,000 10/10
12,000 10/25
15,000 11/10
15000 11/25
15,000 12/10
2500 12/19
15,000 12/25
Bal. 84,500

Accounts Receivable
Dr. Cr.
10/14 13,440 10,000 10/26
10/17 140,000 140,000 11/17
11/17 112,000 56,000 12/15

Bal. 59,440

Advances to employees
Dr. Cr.
10/21 3,000 3,000 10/25

Bal. 0

Advances to officers
Dr. Cr.
11/21 5,000 5,000 11/25

Bal. 0
 Prepaid Supplies
Dr. Cr.
10/8 7,000

Bal. 7,000

Input VAT
Dr. Cr.
10/2 840 180 10/11
10/3 180
10/8 840
10/16 300
10/19 600
10/24 108,000
11/25 495
12/18 458

Bal. 111533

Prepaid Insurance
Dr. Cr.

Bal.

Deferred Input VAT

Dr. Cr.

Bal. 0

Equipment
Dr. Cr.
10/2 7,000

Bal. 7,000

Accumulated Depreciation-Equipment
Dr. Cr.

Bal.
 Furnitures
Dr. Cr.

Bal.

Land
Dr. Cr.
10/24 100,000

Bal. 100,000

Building
Dr. Cr.
10/19 5,000
10/24 800,000

Bal. 805,000

Accumulated Depreciation Building

Dr. Cr.

Bal.

Accounts Payable
Dr. Cr.

Bal.

Utilities Payable
Dr. Cr.

Bal.
Interest Payable
Dr. Cr.

Bal.
 Unearned Service Income
Dr. Cr.
15,000 10/20

Bal. 15,000

Output VAT
Dr. Cr.
600 10/14
15,600 10/15
1800 10/20
1200 10/26
15,000 11/17
12000 11/27
6,000 12/15

Bal. 52,200

Deferred Output VAT

Dr. Cr.
10/26 1,200 1,440 10/14
11/17 15,000 15,000 10/17
12/15 6,000 12,000 11/17

Bal. 6,240

Withholding Tax Payable

Dr. Cr.
70 10/8
50 10/16
100 10/19

Bal. 220

Bank Loans
Dr. Cr.
1,000,000 10/23

Bal. 1,000,000

F. Herrera, Capital
Dr. Cr.
100,000 10/1

Bal. 100,000

F. Herrera Drawings
Dr. Cr.
10/11 1,680
10/18 2,000

Bal. 3,680
 Service Income
Dr. Cr.
17,000 10/14
130,000 10/15
125,000 10/17
100,000 11/17
100,000 11/27

Bal. 472,000

Gain on sale of equipment

Dr. Cr.

Bal.

Interest Income
Dr. Cr.

Bal.

Direct Cost- Salaries and Wages

Dr. Cr.

Bal.

Direct Cost- Materials

Dr. Cr.

Bal.

Direct Cost- Depreciation

Dr. Cr.

Bal.
Gen. and Admin- Salaries and wages
Dr. Cr.
10/10 10,000
10/25 15,000
11/10 15,000
11/25 15000
12/10 15,000
12/19 2,500
12/25 15,000
Bal. 87,500
 Gen Admin Expense- Depreciation
Dr. Cr.

Bal.

Light and Power

Dr. Cr.
11/25 4,125
12/18 3,817

Bal. 7,942
Supplies expense
Dr. Cr.

Bal.

Representation and entertainment

Dr. Cr.
10/3 1,500 1500 10/11

Bal. 0

Repairs and Maintenance

Dr. Cr.
10/16 2,500

Bal. 2,500

Insurance Expense
Dr. Cr.
11/1 21,000

Bal. 21,000

Provision for impairment loss on receivables

Dr. Cr.

Bal.

Charitable Contribution
Dr. Cr.
10/25 3,000

Bal. 3,000
 Interest Expense
Dr. Cr.

Bal.

Taxes and Licenses

Dr. Cr.
10/10 500
10/23 54,735
11/1 819

Bal. 56,054