REQUIREMENT 1

GENERAL JOURNAL

Date
PARTICULARS P.R. Debit

A Cash 120,000.00
Dela Paz, Capital
To record the investment of the owner

B Rent Expense 15,000.00

Cash
To record the rent paid

C Furniture and Fixture 80,000.00

Cash
Notes Payable
To record the furnitures and fixtures acquired

D Office Supplies 10,000.00

Cash
To record the office supplies bought on account

E Cash 25,000.00
Service Revenue
To record the service rendered

F Salaries Expense 12,000.00

Cash
To record the salaries paid

G Utilities Expense 6,000.00

Accounts Payable
To record the accrued utilities

H Accounts Receivable 35,000.00

Service Revenue
To record the service rendered on account

i Accounts Payable 6,000.00

 Cash
To record the payment to creditor

J Cash 15,000.00
Accounts Receivable
To record the receivable collected

K Dela Paz, Withdrawals 16,000.00

Cash
To record the drawings of the owner

L Cash 10,000.00
Service Revenue
To record the service rendered

Balance 350,000.00
 Requirement 2
GJ-1

Credit
GENERAL LEDGERS FO
Account: Cash
120,000.00 Date Particular JR
A investment of the owner
B rent paid
C furnitures and fixtures acquired
15,000.00 E service rendered
F salaries paid
I payment to creditor
J receivable collected
40,000.00 K drawings of the owner
40,000.00 L service rendered

10,000.00

25,000.00

12,000.00 Account: Accounts Receivable

Date Particular JR
H service rendered on account
J receivable collected
6,000.00

35,000.00
 6,000.00

Account: Office Supplies

Date Particular JR
D office supplies bought on account
15,000.00

16,000.00

Account: Furniture and Fixtures

10,000.00 Date Particular JR
C furnitures and fixtures acquired

GENERAL LEDGERS FOR LIABIL

Account: Accounts Payable

Date Explanation JR
D office supplies bought on account
G accrued utilities
I payment to creditor

350,000.00
 Account: Notes Payable
Date Explanation JR
C furnitures and fixtures acquired

Account: Dela Paz, Capital

Date Explanation JR
A investment of the owner

Account: Dela Paz, Withdrawal

Date Particular JR
K drawings of the owner

GENERAL LEDGER FOR REVENUE

Service Revenue
Date Explanation JR
E service rendered
 H service rendered on account
L service rendered

Account: Rent Expense

Date Particular JR
B rent paid

Account: Salaries Expense

Date Particular JR
F salaries paid

Account: Utilities Expense

Date Particular JR
G accrued utilities
L LEDGERS FOR ASSETS
No.
Debit (+) Credit (-) BALANCE
120,000 120,000
15,000 105,000
40,000 65,000
25,000 90,000
12,000 78,000
6,000 72,000
15,000 87,000
16,000 71,000
10,000 81,000

No.
Debit (+) Credit (-) BALANCE
35,000 35,000
15,000 20,000
 No.
Debit (+) Credit (-) BALANCE
10,000 10,000

No.
Debit (+) Credit (-) BALANCE
80,000 80,000

GERS FOR LIABILITIES & EQUITY

No.
Debit (-) Credit (+) BALANCE
10,000 10,000
6,000 16,000
6,000 10,000
 No.
Debit (-) Credit (+) BALANCE
40,000 40,000

No.
Debit (-) Credit (+) BALANCE
120,000 120,000

No.
Debit (+) Credit (-) BALANCE
16,000 16,000

ER FOR REVENUE AND EXPENSES

No.
Debit (-) Credit (+) BALANCE
25,000 25,000
 35,000 60,000
10,000 70,000

No.
Debit (+) Credit (-) BALANCE
15,000 15,000

No.
Debit (+) Credit (-) BALANCE
12,000 12,000

No.
Debit (+) Credit (-) BALANCE
6,000 6,000
Requirement 3

Unadjusted Trial Balance

Account Title Debit Credit

Cash 81,000.00
Accounts Receivable 20,000.00
Office Supplies 10,000.00
Furnitures and Fixtures 80,000.00
Accounts Payable 10,000.00
Notes Payable 40,000.00
Dela Paz, Capital 120,000.00
Dela Paz, Withdrawals 16,000.00
Service Revenue 70,000.00
Rent Expense 15,000.00
Salaries and Wages 12,000.00
Utilties Expense 6,000.00
Total ₱ 240,000.00 ₱ 240,000.00