DATE PARTICULARS DEBIT CREDIT

1.. Cash 500,000.00

Brown, Capital 500,000.00
To record the investment of the owner

2 Office Equipment 200,000.00

Cash 200,000.00
To record the acquisition of equipment

3 Rent Expense 60,000.00

Cash 60,000.00
To record the rent paid

4 Repair Equipment 380,000.00

Accounts Payable 380,000.00
To record the repair equipment bought

5 Cash 300,000.00
Note Payable 300,000.00
To record the bank loan

6 Accounts Receivable 400,000.00

Service Income 400,000.00
To record the services rendered on account

7 Cash 150,000.00
Accounts Receivable 150,000.00
To record the collection from clients

8 Accounts Payable 200,000.00

Cash 200,000.00
To record the payment to supplier

9 Salaries Expense 70,000.00

Cash 70,000.00
To record the salaries paid

10 Utilities Expense 20,000.00

Utilities Payable 20,000.00
To record the accrued utiltiies

11 Note Receivable 300,000.00

Cash 300,000.00
To record the bank loaned to other business
 Vermillion Computer Repair Shop
GENERAL LEDGERS FOR ASSETS
Account: Cash
Date Particular JR Debit (+)
1-Aug Invesmeent of owner 500,000
2 Acquisition of Office Equipment
3 Payment of Rent
5 Bank Loan 300,000
7 Collection from Clients 150,000
8 Payment to supplier
9 Salaries Paid
11 Loan to other business

Account: Accounts Receivable

Date Particular JR Debit (+)
6-Aug Rendered service on account 400,000
7 Collection from Clients

Account: Note Receivable

Date Particular JR Debit (+)
11 Loan to other business 300,000

Account: Office Equipment

 Date Particular JR Debit (+)
2 Acquisition of Office Equipment 200,000

Account: Repaire Equipment

Date Particular JR Debit (+)
4.. Acquistion of Repair Equipment 380,000

GENERAL LEDGERS FOR LIABILITIES & EQU

Account: Accounts Payable

Date Explanation JR Debit (-)
4.. Acquistion of Repair Equipment
8 Payment to supplier 200,000

Account: Notes Payable

Date Explanation JR Debit (-)
5 Bank Loan

Account: Utiltiies Payable

Date Explanation JR Debit (-)
 10-Aug Accrued utilties

Account: Brown, Capital

Date Explanation JR Debit (-)
1-Aug Invesmeent of owner

GENERAL LEDGER FOR REVENU AND EXPEN

Service Income
Date Explanation JR Debit (-)
6-Aug Rendered service on account

Account: Utilities Expense

Date Particular JR Debit (+)
10-Aug Accrued utilties 20,000
 Account: Rent Expense
Date Particular JR Debit (+)
3 Payment of Rent 60,000

Account: Salaries Expense

Date Particular JR Debit (+)
9 Salaries Paid 70,000
Repair Shop
FOR ASSETS
No.
Credit (-) BALANCE
500,000
200,000 300,000
60,000 240,000
540,000
690,000
200,000 490,000
70,000 420,000
300,000 120,000

No.
Credit (-) BALANCE
400,000
150,000 250,000

No.
Credit (-) BALANCE
300,000

No.
 Credit (-) BALANCE
200,000

No.
Credit (-) BALANCE
380,000

BILITIES & EQUITY

No.
Credit (+) BALANCE
380,000 380,000
180,000

No.
Credit (+) BALANCE
300,000 300,000

No.
Credit (+) Debit
 20,000 20,000

No.
Credit (+) BALANCE
500,000 500,000

NU AND EXPENSES

No.
Credit (+) BALANCE
400,000 400,000

No.
Credit (-) BALANCE
20,000
 No.
Credit (-) BALANCE
60,000

No.
Credit (-) BALANCE
70,000
 Vermillion Computer Repair Shop
Unadjusted Trial Balance
As of August 1, 2019

Account Title Debit Credit

Cash 120,000.00
Accounts Receivable 250,000.00
Notes Receivable 300,000.00
Office Equipment 200,000.00
Repair Equipment 380,000.00
Accounts Payable 180,000.00
Notes Payable 300,000.00
Utilities Payable 20,000.00
Brown, Capital 500,000.00
Service Income 400,000.00
Utilities Expense 20,000.00
Rent Expense 60,000.00
Salaries Expense 70,000.00
Total ₱ 1,400,000.00 ₱ 1,400,000.00