R-Gem Louise G.

Manzon 11-CEO

Chart of account
Asset
Cash 101
Furniture and Fixtures 102
Equipment 103
Supplies 104
Account Receivable 105

Liabilities
Account Payable 201

Owner’s Equity
Capital 301
Draw 302

Income
Service income 410

Expenses
Advertising 510
Rent 520
Salary 530
Utility 540

General Journal

Date Account Titles/ PR Debit Credit

June
2020
1 Cash 101 P300 000
Von’s Capital 301 P300 000
Initial Investment of Von
2 Furniture and Fixtures 102 13 000
Equipment 103 23 000
A/P – Almar Nursery Home Furniture 201 36 000
and Equipment
Purchased furniture and equipment
on credit
4 Advertising local newspaper 510 1 200
Cash 101 1 200
Paid for local newspaper for opening
of the school
5 Supplies 104 7 500
A/P – Leo Nursery Supplies 201 7 500
Purchased Leo Nursery supplies on
credit
7 Cash 101 8 000
Service income 410 8 000
Service rendered
8 A/P – Almar Nursery Home Furniture 201 10 000
and Equipment 101 10 000
Cash
Partial payment to Almar Nursery
Home Furniture and Equipment.
Balance P2 600
10 A/R - P Poloma 105 6 500
Service income 410 6 500
Sent rendered on account
11 A/P - Leo 201 7 500
Cash 101 7 500
Paid the balance to Leo Nursery
Supplies
15 Rent expense 520 5 000
Cash 101 5 000
Paid rent expense
15 Salary expense 530 2 500
Cash 101 2 500
Payment for salary
18 Cash 101 3 000
A/R – P. Poloma 105 3 000
Collected partial payment of P Paloma
 20 Cash 101 10 500
Service income 410 10 500
Service rendered
25 Utility expense 540 1 800
Cash 101 1 800
Paid utility expense
26 Supplies 104 15 000
Cash 101 15 000
Purchase Additional Supplies
28 Von’s withdrawal 302 5 000
Cash 101 5 000
Owner’s personal withdraw
30 Salary 530 2 500
Cash 101 2 500
Payment for salary

Posting
Cash ACT # 101

DAT EXPLANATION F Debit Credit Balance

E
1 Initial Investment GJ-1 300 300 000
000
4 Paid for local newspaper GJ-1 1 200298 800
7 Service rendered GJ-1 8 000 306 800
8 Partial payment to Almar GJ-1 10 000 296 800
11 Paid the balance to Leo GJ-1 7 500 289 300
15 Paid rent expense GJ-1 5 000 284 300
15 Payment for salary GJ-1 2 500 281 800
18 Collected to P Paloma GJ-1 3 000 284 800
20 Service rendered GJ-2 10 500 295 300
25 Paid utility expense GJ-2 1 800 293 500
26 Purchase Supplies GJ-2 15 000 278 500
28 Owner’s personal withdraw GJ-2 5 000 273 500
30 Payment for salary GJ-2 2 500 271 000
Furniture and Fixtures ACT # 102

DAT EXPLANATION F Debit Credit Balance

E
2 Purchased furniture and equipment GJ-1 13 000 13 000
Equipment ACT # 103

DAT EXPLANATION F Debit Credit Balance

E
2 Purchased furniture and equipment GJ-1 23 000 23 000
Supplies ACT # 104
 DAT EXPLANATION F Debit Credit Balance
E
5 Purchased supplies on credit GJ-1 7 500 7 500
26 Purchase Supplies GJ-2 15 000 22 500
Account Receivable ACT # 105

DAT EXPLANATION F Debit Credit Balance

E
10 Sent unpaid bill GJ-1 6 500 6 500
18 Collected to P Paloma GJ-1 3 000 3 500
Account Payable ACT # 201

DAT EXPLANATION F Debit Credit Balance

E
2 Purchased furniture and equipment GJ-1 36 000 36 000
5 Purchased supplies on credit GJ-1 7 500 28 500
8 Paid Almar GJ-1 10 000 38 500
11 Paid the balance to Leo GJ-1 7 500 26 000
Capital ACT # 301

DAT EXPLANATION F Debit Credit Balance

E
1 Initial Investment GJ-1 300 000 300 000
Draw ACT # 302

DAT EXPLANATION F Debit Credit Balance

E
28 Owner’s personal withdraw GJ-2 5 000 5 000
Service income ACT #
410

DAT EXPLANATION F Debit Credit Balance

E
7 Service rendered GJ-1 8 000 8 000
10 Sent unpaid bill GJ-1 6 500 14 500
20 Service rendered GJ-2 10 500 25 000
Advertising ACT # 510

DAT EXPLANATION F Debit Credit Balance

E
4 Paid for local newspaper GJ-1 1 200 1 200
Rent ACT # 520

DAT EXPLANATION F Debit Credit Balance

E
15 Paid rent expense GJ-1 5 000 5 000
Salary ACT # 530

DAT EXPLANATION F Debit Credit Balance

E
15 Payment for salary GJ-1 2 500 2 500
 30 Payment for salary GJ-2 2 500 5 000
Utilities ACT # 540

DAT EXPLANATION F Debit Credit Balance

E
25 Paid utility expense GJ-2 1 800 1 800
 Birds and Flower Nursery School
Trial Balance
June 30, 2020
Debit Credit
Cash P271 000
Furniture and Fixtures 13 000
Equipment 23 000
Supplies 22 500
Account Receivable 3 500
Account Payable P26 000
Capital 300 000
Draw 5 000
Service income 25 000
Advertising 1 200
Rent 5 000
Salary 5 000
Utilities 1 800_______________________
TOTAL 351 000 351 000