General Journal

Date Account Title

2018, May
a. Cash
Evangelista, Capital
(To deposit cash in a bank account)

b. Furniture and Fixture

Cash
(To purchase furniture and fixture on cash)

c. Supplies Expense
Accounts Payable
(To purchase supplies on credit)

d. Rent Expense
Cash
(Paid rent with cash)

e. Equipment
Cash
Accounts Payable
(To purchase equipment paid with cash and account
payable for the balance)

f. Cash
Laundry Revenue
(To earn revenues on cash)

g. Prepaid Insurance
Cash
(To purchase insurance with cash)

h. Accounts Payable
Cash
(Paid accounts with cash)

i. Utilities Expense
Cash
(Paid electric bill with cash)

j. Cash
Laundry Revenue
(To earn revenue on cash)
k. Salaries Expense
Cash
(Paid salaries with cash)

l. Evangelista, Withdrawals
Cash
(Owner withdrew on cash)

m. Accounts Payable
Cash
(Paid accounts with cash)

n. Miscellaneous Expense
Cash
(Paid the city government with cash)
l Journal
Ref NO. Debit Credit

₱ 250000
₱ 250000

6,700
6,700

3,250
3,250

5,750
5,750

115,000
35,000
80,000

19,250
19,250

5,600
5,600

7,000
7,000

2,080
2,080

12,350
12,350
7,400
7,400

5,000
5,000

2,750
2,750

2,800
2,800
 General Ledger/ T-Accounts
Cash
DR. CR.
a. ₱ 250,000 b. ₱ 6,700
f. 19, 250 c. 5,750 Prepaid Insurance Equipment
e. 35,00 DR. CR. DR.
g. 5,600 g. ₱ 5,600 e. ₱ 115,000
h. 7,000 ₱5,600.00 ₱115,000
i. 2,080
k. 7,400
l. 5,000
m. 2,750
n. 2,800
₱281,600 ₱80,080
(80,080.00)
₱201,520

Evangelista, Capital Evangelista, Withdrawals Laundry Revenues

DR. CR. DR. CR. DR.
a. ₱ 250,000 l. ₱ 5,000
₱250,000 ₱5,000

Rent Expense Utilities Expense Miscellaneous Expense

DR. CR. DR. CR. DR.
d. ₱ 5,750 i. ₱ 2,080 n. ₱ 2,800
₱5,750 ₱2,080 ₱2,800
al Ledger/ T-Accounts

Equipment Furniture & Fixture Accounts Payable

CR. DR. CR. DR. CR.
b. ₱ 6,700 h. ₱ 7,000 c. ₱ 3,250
₱6,700 m. 2,750 e. 80,000
₱9,750 ₱83,250
(9,750.00)
₱73,500

Laundry Revenues Salaries Expense Supplies Expense

CR. DR. CR. DR. CR.
f. ₱ 19,250 k. ₱ 7,400 c. ₱ 3,250
12, 350 ₱7,400 ₱3,250
₱31,600

iscellaneous Expense
CR.
 SELF-SERVICE LAUNDRY
Unadjusted Trial Balance
May-18

Account Titles Debit Credit

Cash ₱201,520
Prepaid Expense 5,600
Equipment 115,000
Furniture and Fixtures 6,700
Accounts Payable ₱ 73500
Evangelista, Capital 250,000
Evangelista, Withdrawals 5,000
Laundry Revenues 31,600
Salaries Expense 7,400
Supplies Expense 3,250
Rent Expense 5,750
Utilities Expense 2,080
Miscellaneous Expense 2,800
TOTAL ₱355,100 ₱355,100