GENERAL JOURNAL   Page:  

Date Description PR Debit Credit
Sept. 2,
2021   Cash  ₱100,000  
    Owner’s Equity   ₱100,000
    To record the Owner’s contribution    
Sept. 3    Cash ₱800,000  
    Account Payable   ₱800,000
    To record the loan obtained    
Sept. 4   Cash ₱200,000  
    Equipment   ₱200,000
    To record the purchased equipment    
Sept. 5 Cash ₱500,000  
    Inventory   ₱500,000
    To record the purchased goods    
Sept. 6   Cash ₱120,000  
    Expense   ₱120,000
    To record the Sell Good costing    
Sept. 7   Cash ₱60,000  
    Prepaid Rent   ₱60,000
    To record the payment for rent    
Sept. 8   Cash ₱400,000  
    Account Payable   ₱400,000
    To record the half payment of the loan    
Sept. 9   Cash ₱80,000  
    Interest Expense   ₱80,000
    To record the payment for expense    
Sept. 10   Cash ₱10,000  
    Utilities Expense   ₱10,000
    To record the payment for utilities    
Sept. 11   Cash ₱32,000  
    Salaries Expense   ₱32,000
    To record the payment for salaries    
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
    GENERAL JOURNAL   Page:  
Date Description PR Debit Credit
 Aug, 1, ₱1,000,00
2021   Cash 0  
₱1,000,00
    Owner’s Equity   0
    To record the investment the owner    
Aug. 2   Cash ₱30,000  
    Taxes and Licenses   ₱30,000
    To record the payment for business permit    
Aug. 3   Cash ₱200,000  
    Advertising Expense   ₱200,000
    To record the payment for commercial    
Aug. 4 Cash ₱600,000  
    Inventory   ₱600,000
    To record the purchased for inventory    
Aug. 5   Cash ₱800,000  
    Sale   ₱800,000
    To record the cash sale    
Aug. 5   Cost of Sale ₱500,000  
    Inventory   ₱500,000
To record the cost of inventories sold as
    expense    
Aug. 6   Cash ₱700,000  
    Accounts Receivables   ₱700,000
To record the collection of accounts
    receivables    
Aug. 7   Cash ₱300,000  
    Account Payable   ₱300,000
    To record the payment for accounts payable    
Aug. 8   Cash ₱70,000  
    Expense   ₱70,000
    To record the payment for rent expense    
Aug. 9   Cash ₱8,000  
    Expense   ₱8,000
    To record the payment for utilities expense    
Aug. 10   Cash ₱20,000  
    Owner’s Withdrawal   ₱20,000
    To record the withdrawals of the Owner    
         
         
         
         
         
         
         
         
         
         
         
         
         
         
    GENERAL JOURNAL   Page:  
Date Description PR Debit Credit
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
    GENERAL JOURNAL   Page:  
Date Description PR Debit Credit
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
    GENERAL JOURNAL   Page:  
Date Description PR Debit Credit