Toledo Corp

Adjusting Journal Entries

GENERAL JOURNAL

DATE ACCOUNT TITLE REF NO. DEBIT CREDIT

June 30 Salary Expense 5000
Cash 5000
To record payment of salary.

30 Supplies Expense 1200

Supplies 1200
To record the supplies used.

10 Cash 2100
Accounts Receivable 2100
To record payments received.

14 Utilities Expense 900

Cash 900
To record payment of utilities
Assets DR
T Accounts (Amounts are in Php.)
Amounts in blue are the added/adjusted entries
Assets
Cash Equipment Accounts Receivable
80000 4700 16000 3500 2100
2100 16000
5000
900

82100 26600 16000 0 3500 2100

55500 16000 1400

Salary Expense Utilities Expense Supplies Expense

5000 900 1200

5000 0 900 0 1200 0

5000 900 1200

Service Income
Service Revenue
3500

0 3500
3500

Equity
Toledo, Capital
80000

0 80000
80000
 Supplies
4700 1200

4700 1200
3500
 Toledo Corp
Unadjusted Trial Balance
30-Jun-21

Account Title Debit Credit

Cash 55500
Equipment 16000
Accounts Receivable 1400
Supplies 3500
Service Revenue 3500
Toledo Capital 80000
Salary Expense 5000
Utilities Expense 900
Supplies Expense 1200

Totals 83500 83500