Date Account Titles and Explanation P.R.

Debit Credit
1 2020
2 Oct.1 Cash (A) 350,000
3 Eternal Images, Capital (OE) 350,000
4 Initial Investment
5
6 Oct.3 Prepaid Rent (A) 40,500
7 Cash (A) 40,500
8 Photography Equipment Acquired for Cash
9
10 Oct.5 Photography Equipment (A) 129,000
11 Eternal Images, Capital (OE) 129,000
12 Personal Equipment Transferred to the Business
13
14 Oct.7 Ordered additional photography equipment
15 No entry is necessary at this point
16
17 Oct.8 Office Equipment (A) 54,000
18 Cash (A) 54,000
19 Office Equipment Acquired for Cash
20
21 Oct.10 Photography Equipment (A) 75,000
22 Cash (A) 75,000
23 Photography Equipment Acquired for Cash
24
25 Oct.12 Photography Supplies (A) 21,000
26 Accounts Payable (L) 21,000
27 Photography Supplies Purchased on Account
28
29 Oct. 13 Cash (A) 11,400
30 Photography Revenues (OE) 11,400
31 Revenues Earned and Cash Collected
32
33 Oct. 17 Accounts Receivable (A) 22,500
34 Photography Revenues (OE) 22,500
35 Revenues Earned and Cash Collected
36
37 Oct.19 Accounts Payable (L) 10,500
38 Cash (A) 10,500
39 Accounts Payable Partially Settled
40
41 Oct.25 Electricity Expense (OE) 3,600
42 Cash (A) 3,600
43 Expenses Incurred and Paid
44
45 Oct.26 Telephone Expense (OE) 2,100
46 Cash (A) 2,100
47 Expenses Incurred and Paid
48
49 Oct.28 Cash (A) 7,500
50 Accounts Receivable (A) 7,500
51 Accounts Receivable Partially Collected
52
53 Oct.29 Salaries Expense (OE) 12,000
54 Cash (A) 12,000
55 Salaries Paid
56
57 Oct.30 Cash (A) 1,500
58 Unearned Photography Revenue (L) 1,500
59 Revenues Unearned and Payment Collected
60
61 Oct.31 Magpantay, Withdrawals (OE) 16,000
62 Cash (A) 16,000
63 Cash Withdrew for Personal Use
 Date Account Titles and Explanation P.R. Debit Credit
1 2020
2 Apr. 1 Cash (A) 67,000
3 Omotoy, Capital 67,000
4 Initial Investment
5
6 Apr. 2 Service Vehicle (A) 81,000
7 Cash (A) 17,500
8 Notes Payable (L) 63,500
9 Notes Issued for Service Vehicle Partially Payed with Cash
10
11 Apr. 3 Rent Expense (OE) 7,150
12 Cash (A) 7,150
13 Expenses Incurred and Paid
14
15 Apr. 6 Plumbing Supplies (A) 15,700
16 Accounts Payable (L) 15,700
17 Plumbing Supplies Purchased on Account
18
19 Apr.7 Prepaid Advertising (A) 6,000
20 Cash (A) 6,000
21 Advertisement Paid in Advance
22
23 Apr. 8 Cash (A) 18,350
24 Plumbing Revenue (OE) 18,350
25 Revenues Earned and Cash Collected
26
27 Apr.9 Plumbing Supplies (A) 8,050
28 Cash (A) 8,050
29 Plumbing supplies Acquired for Cash
30
31 Apr. 11 Salaries Expense (OE) 11,600
32 Cash (A) 11,600
33 Salaries Paid
34
35 Apr. 15 Accounts Receivable (A) 42,200
36 Plumbing Revenues (OE) 42,200
37 Revenues Earned on Account
38
39 Apr. 16 Accounts Payable (L) 5,700
40 Cash (A) 5,700
41 Account Payable Partially Settled
42
43 Apr. 19 Miscellaneous Expenses (OE) 4,300
44 Cash (A) 4,300
45 Expenses Paid
46
47 Apr. 20 Cash (A) 21,000
48 Accounts Receivable (A) 21,000
49 Accounts Receivable partially collected
50
51 Apr. 21 Omotoy, Withdrawals (OE) 14,500
52 Cash (A) 14,500
53 Cash Withdrew
54
55 Apr. 22 Salaries Expense (OE) 14,100
56 Cash (A) 14,100
57 Salaries Paid
58
59 Apr. 24 Notes Payable (L) 3,850
60 Cash (A) 3,850
61 Notes Payable Partially Payed
62
63 Apr. 25 Telephone Expense (OE) 1,250
64 Cash (A) 1,250
65 Expenses Incurred and Paid
66
67 Apr. 27 Accounts Receivable (A) 14,150
68 Plumbing Revenues (OE) 14,150
69 Revenues Earned on Account
 Date Account Titles and Explanation P.R. Debit Credit
1 2020
2 MAY
3 a Cash (A) 250,000
4 Evangelista, Capital (OE) 250,000
5 Initial Investment
6
7 b Furniture and Fixtures (A) 6,700
8 Cash (A) 6,700
9 Furniture Equipment for Cash
10
11 c Supplies Expense (A) 3,250
12 Accounts Payable (L) 3,250
13 Laundry Supplies Purchased on Account
14
15 d Rent Expense (OE) 5,750
16 Cash (A) 5,750
17 Expense Incurred and Paid
18
19 e Laundry Equipment (A) 115,000
20 Cash (A) 35,000
21 Accounts Payable (L) 80,000
22 Laundry Equipment Purchased on Account
23
24 f Cash (A) 19,250
25 Laundry Revenue (OE) 19,250
26 Revenues Earned and Cash Collected
27
28 g Prepaid Insurance (A) 5,600
29 Cash (A) 5,600
30 Insurance Paid for a Year
31
32 h Accounts Payable (L) 7,000
33 Cash (A) 7,000
34 Accounts Payable Partially Settled
35
36 i Utilities Expense (OE) 2,080
37 Cash (A) 2,080
38 Expense Incurred and Paid
39
40 j Cash (A) 12,350
41 Laundry Revenues (OE) 12,350
42 Revenues Earned and Cash Collected
43
44 k Salaries Expense (OE) 7,400
45 Cash (A) 7,400
46 Salaries Paid
47
48 l Evangelista, Withdrawals 5,000
49 Cash (A) 5,000
50 Cash Withdrew for Personal Use
51
52 m Accounts Payable (L) 2,750
53 Cash (A) 2,750
54 Accounts Payable Partially Settled
55
56 n Miscellaneous Expenses (OE) 2,800
57 Cash (A) 2,800
58 Expenses Paid
 Date Account Titles and Explanation P.R. Debit Credit
1 2020
2 JUNE
3 a Cash (A) 180,000
4 Gamolo, Capital (OE) 180,000
5 Initial Investment
6
7 b Medical Equipment (A) 72,000
8 Cash (A) 72,000
9 Medical Equipment Acquired for Cash
10
11 c Office Equipment (A)
12 Accounts Payable (L) 3,260
13 Office Equipment Purchased on Account 3,260
14
15 d Office Equipment (A) 4,620
16 Cash (A) 4,620
17 Office Equipment Acquired for Cash
18
19 e Office Equipment (A) 15,400
20 Cash (A) 7,400
21 Accounts Payable (L) 8,000
22 Office Equipment Purchased on Cash and Some on Account
23
24 f Utilities Expense (OE) 990
25 Cash (A) 990
26 Expenses Incurred and Paid
27
28 g Accounts Receivable (A) 16,120
29 Service Revenues (OE) 16,120
30 Revenues Earned and Cash Uncollected
31
32 h Miscellanous Expense (OE) 1,800
33 Cash (A) 1,800
34 Miscellanous Paid
35
36 i Utilities Expense (OE) 910
37 Cash (A) 910
38 Expenses Incurred and Paid
39
40 j Cash (A) 6,900
41 Accounts Receivable (A) 6,900
42 Accounts Receivable partially collected
43
44 k Accounts Payable (L) 3,260
45 Cash (A) 3,260
46 Accounts Payable Payed in full
47
48 l Rent Expense (OE) 5,000
49 Cash (A) 5,000
50 Expenses Incurred and Paid
51
52 m Cash (A) 2,420
53 Service Revenues (OE) 2,420
54 Revenues Earned and Cash Collected
55
56 n Salaries Expense (OE) 8,250
57 Cash (A) 8,250
58 Salaries Paid
59
60 o Gamolo, Withdrawals (OE) 11,500
61 Cash (A) 11,500
62 Withdrew for personal use
 Date Account Titles and Explanation P.R. Debit Credit
1 2020
2 SEPT.
3 a Cash (A) 150,000
4 Manalili, Capital 150,00
5 Initial Investment
6
7 b Expenses (OE) 3,000
8 Cash (A) 3,000
9 Rent Incurred and Paid
10
11 c Service Vehicle (A) 80,000
12 Cash (A) 80,000
13 Service Vehicle Acquired for Cash
14
15 d Service Tools (A) 30,000
16 Accounts Payable (L) 30,000
17 Service Tools Purchased on Account
18
19 e Expenses (OE) 500
20 Cash (A) 500
21 Electricity Incurred and Paid
22
23 f Prepaid Insurance (A) 6,000
24 Cash (A) 6,000
25 Paid Insurance for a Year
26
27 g Cash (A) 20,000
28 Revenues (OE) 20,000
29 Revenues Earned and Cash Collected
30
31 h Expenses (OE) 2,000
32 Cash (A) 2,000
33 Paid Salaries
34
35 i Accounts Receivable (A) 10,000
36 Revenues (OE) 10,000
37 Revenues Earned and Cash Uncollected
38
39 j Expenses (OE) 350
40 Cash (A) 350
41 Water Incurred and Paid
42
43 k Office Supplies (A) 1,000
44 Cash (A) 1,000
45 Office Supplies Acquired for Cash
46
47 l Cash (A) 3,000
48 Accounts Receivable (A) 3,000
49 Accounts Receivable Partially Collected
50
51 m Expenses (OE) 2,500
52 Cash (A) 2,500
53 Paid Salaries
54
55 n Accounts Payable (L) 10,000
56 Cash (A) 10,000
57 Accounts Payable Partially Settled
58
59 o Cash (A) 14,000
60 Accounts Receivable (A) 6,000
61 Revenues (OE) 20,000
62
63 p Manalili, Withdrawal 5,000
64 Cash (A) 5,000
65 Withdrew for personal use