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  • Jose Mercado's General Ledger

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    Patricia Anne Betita
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    This document contains a general ledger for various accounts of a business from July 1-31. It tracks cash, equipment, unused supplies, accounts receivable, accounts payable/loan payable, equity, drawings, service revenue, taxes and license expense, salaries expense, rent expense, accounts payable, and utilities expense. Transactions are recorded with dates, references, and debit/credit amounts which update the account balances.

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    This document contains a general ledger for various accounts of a business from July 1-31. It tracks cash, equipment, unused supplies, accounts receivable, accounts payable/loan payable, equity, drawings, service revenue, taxes and license expense, salaries expense, rent expense, accounts payable, and utilities expense. Transactions are recorded with dates, references, and debit/credit amounts which update the account balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    24 views4 pages

    Jose Mercado's General Ledger

    Uploaded by

    Patricia Anne Betita
    This document contains a general ledger for various accounts of a business from July 1-31. It tracks cash, equipment, unused supplies, accounts receivable, accounts payable/loan payable, equity, drawings, service revenue, taxes and license expense, salaries expense, rent expense, accounts payable, and utilities expense. Transactions are recorded with dates, references, and debit/credit amounts which update the account balances.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    General ledger Account No.

    101
    Accounts Title:Cash
    Date Items Ref. Dr Cr Balance
    1-Jul 1 30,000 30,000
    2 1 10,000 20,000
    3 1 2,000 18,000
    10 1 1,000 17,000
    16 1 8,000 25,000
    17 1 1,000 24,000
    24 1 1,000 23,000
    27 1 500 22,500
    28 1 2,000 24,500
    29 1 10,000 14,500
    31 1,000 13,500

    General ledger Account No:112


    Accounts Title:Equipment
    Date Items Ref. Dr Cr Balance
    1-Jul 1 30,000 30,000

    General ledger Account No: 114


    Accounts Title: Unused Supplies
    Date Items Ref. Dr Cr Balance
    2-Jul 1 10,000 10,000

    General ledger Account No: 132


    Accounts Title: Accounts Recievable
    Date Items Ref. Dr Cr Balance
    21-Jul 1 2,000 2,000
    27-Jan 1 2,000 0

    General ledger Account No: 150


    Accounts Title: Accounts Payable/Loan Payable
    Date Items Ref. Dr Cr Balance
    1-Jul 1 50,000 50,000
    General ledger Account No: 162
    Accounts Title: Equity
    Date Items Ref. Dr Cr Balance
    1-Jul 1 10,000 10,000

    General ledger Account No: 173


    Accounts Title:Mercado's Drawings
    Date Items Ref. Dr Cr Balance
    27-Jul 1 500 500

    General ledger Account No: 188


    Accounts Title:Service Revenue
    Date Items Ref. Dr Cr Balance
    16-Jul 1 8,000 8,000
    21 1 2,000 10,000

    General ledger Account No: 190


    Accounts Title: Taxes and License Expense
    Date Items Ref. Dr Cr Balance
    3-Jul 1 2,000 2,000

    General ledger Account No: 195


    Accounts Title: Salaries Expense
    Date Items Ref. Dr Cr Balance
    10-Jul 1 1,000 1,000
    17 1 1,000 2,000
    24 1 1,000 3,000
    31 1,000 4,000

    General ledger Account No: 195


    Accounts Title: Rent Expense
    Date Items Ref. Dr Cr Balance
    30-Jul 1 10,000 10,000

    General ledger Account No: 150


    Accounts Title: Accounts Payable
    Date Items Ref. Dr Cr Balance
    30-Jul 1 2,500 2,500

    General ledger Account No: 195


    Accounts Title: Utilities Expense
    Date Items Ref. Dr Cr Balance
    30-Jul 1 2,500 2,500
    Assets DR
    Liabilities CR
    Owner's E CR
    Drawings DR
    Revenues CR
    Expenses DR

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