GENERAL JOURNAL PAGE

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F/ GENERAL
DATE ACCOUNT TITLE PR DEBIT CREDIT
1 1
2 Furniture Repair Shop 2
3 Chart of Accounts 3
4 4
5 Assets 5
6 Current Assets 6
7 100 Cash 7
8 110 Accounts Receivables 8
9 120 Shop Supplies 9
### Non-current Assets ###
### 200 Shop Equipment ###
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### Liabilities ###
### Current Liabilities ###
### 300 Accounts Payable ###
### 310 Notes Payable ###
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### Owner's Equity ###
### 400 R. Vasquez, Capital ###
### 410 R. Vasquez, Drawings ###
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### Revenue ###
### 500 Service Income ###
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### Expenses ###
### 600 Salaries Expense ###
### 610 Delivery Expense ###
### 620 Rent Expense ###
### 620 Utilities Expense ###
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 GENERAL JOURNAL PAGE
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DATE F/ GENERAL
2016 ACCOUNT TITLE PR DEBIT CREDIT
1 Jun 1 Cash 300,000.00 1
2 S. Moreno, Capital 300,000.00 2
3 To record the initial investment 3
4 4
5 2 Rent Expense 10,000.00 5
6 Cash 10,000.00 6
7 To record the monthly rental 7
8 8
9 3 Shop Equipment 80,000.00 9
10 Cash 30,000.00 10
11 Notes Payable 50,000.00 11
12 To record the purchase of equipment 12
13 13
14 5 Shop Supplies 9,500.00 14
15 Accounts Payable - R. Sonora 9,500.00 15
16 To record the purchase of supplies 16
17 on account 17
18 18
19 9 Cash 20,000.00 19
20 Service Income 20,000.00 20
21 To record the services rendered 21
22 22
23 13 Accounts Receivable - R. Belmonte 13,000.00 23
24 Service Income 13,000.00 24
25 To record the services rendered 25
26 on account 26
27 27
28 15 Salaries Expense 15,000.00 28
29 Cash 15,000.00 29
30 To record the payment for salary 30
31 31
32 Delivery Expense 8,000.00 32
33 Cash 8,000.00 33
34 To record the payment for expenses incurred 34
35 35
36 18 Accounts Payable - R. Sonora 9,500.00 36
37 Cash 9,500.00 37
38 To record the payment of payable 38
39 39
40 20 S. Moreno, Drawings 1,000.00 40
41 Shop Supplies 1,000.00 41
42 To record shop supplies used 42
43 43
44 23 Cash 5,000.00 44
45 Accounts Receivable - R. Belmonte 5,000.00 45
46 To record the collection from costumer 46
47 47
48 25 S. Moreno, Drawings 5,000.00 48
49 Cash 5,000.00 49
50 To record the owner's withdrawal 50
51 51
52 28 Cash 5,000.00 52
53 Service Income 5,000.00 53
54 To record service rendered 54
55 55
56 30 Delivery Expense 8,000.00 56
57 Salaries Expense 15,000.00 57
58 Utilites Expense 3,500.00 58
59 Cash 26,500.00 59
60 To record various expenses 60
 GENERAL JOURNAL PAGE
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DATE F. / GENERAL
2005 ACCOUNT TITLE PR DEBIT CREDIT
1 Feb 1 Cash in Bank 100,000.00 1

2 Cash on Hand 70,000.00 2

3 H. Ferrer, Capital 170,000.00 3

4 To record initial investment 4

5 5

6 2 Taxes & Licenses 1,350.00 6

7 Cash in Bank 1,350.00 7

8 To record payment for licenses & business permit 8

9 9

10 3 Supplies Expense 2,500.00 10

11 Cash in Bank 2,500.00 11

12 To record purchases of various supplies 12

13 13

14 5 Office Equipment 31,000.00 14

15 Accounts Payable 31,000.00 15

16 To record purchases of steel cabinet on account 16

17 17

18 15 Cash on Hand 15,000.00 18

19 Professional Fees Income 15,000.00 19

20 To record collection from rendered services 20

21 21

22 16 Cash in Bank 15,000.00 22

23 Cash on Hand 15,000.00 23

24 To record deposit from collection 24

25 25

26 20 Accounts Payable 8,000.00 26

27 Cash in Bank 8,000.00 27

28 To record payment of purchased equipment 28

29 on account 29

30 30

31 21 Cash in Bank 5,000.00 31

32 Cash on Hand 5,000.00 32

33 To record deposits 33

34 34

35 23 Rent Expense 1,000.00 35

36 Cash in Bank 1,000.00 36

37 To record payment for monthly rental 37

38 38

39 25 Cash in Bank 5,000.00 39

40 Professional Fees Income 5,000.00 40

41 To record deposits 41
42 42

43 26 H. Ferrer, Drawings 2,000.00 43

44 Cash in Bank 2,000.00 44

45 To record withdrawal 45

46 46

47 28 Salaries & Wages 12,000.00 47

48 Cash in Bank 11,138.20 48

49 Philhealth Premium Payable 200.00 49

50 Withholding Tax Payable 195.00 50

51 SSS Premium Payable 466.80 51

52 To record payment for salaries 52

53 53

54 SSS Premium Contribution 749.20 54

55 Philhealth Premium Contribution 200.00 55

56 SSS Premium Payable 749.20 56

57 Philhealth Premium Payable 200.00 57

58 To record employer's share 58

59 59

60 60

61 61

62 62