Particulars PR DR CR

1 Cash 101 50,000

W. Adams, Capital 301 50,000
To record W.Adams investment.

2 Rent Expense 514 2,500

Cash 101 2,500
To record payment for rent on the month of January.

5 Office Equipment 141 14,000

Accounts Payable 202 14,000
To record purchased of office equipment on account.

6 Art Equipment 151 2,700

Cash 101 2,700
To record purchased of art equipment on cash.

7 Supplies 121 1,050

Cash 101 1,050
To record the purchased of supplies.

10 Office Cleaning Expenses 511 500

Cash 101 500
To record the payment of expense.

12 Cash 101 3,600

Accounts Receivable 111 1,400
Fees Income 401 5,000
To record the performed services.

15 Cash 101 300

Supplies 121 300
To record the return of supplies due to damage.

18 Office Equipment 141 2,500

Accounts Payable 202 1,000
Cash 101 1,500
To record the purchased of equipment with a 60% downpayment and 40% payable balance.

20 Accounts Payable 202 7,000

Cash 101 7,000
To record the 50% payment of office equipment on account.

26 Accounts Receivable 111 3,900

Fees Income 401 3,900
To record the service rendered on account.

27 Telephone Expense 520 275

Cash 101 275
To record the payment for telephone bill.

30 Cash 101 3,200

Accounts Receivable 111 3,200
To record the payment of customer from service rendered.

Utilities Expense 523 350

Accounts Payable 202 350
To record the expense on account.

Salaries Expense 517 7500

Cash 101 7500
To record payment for salary.
 101 CASH 111 ACCOUNTS RECEIVABLE 121 SUPPLIES 141 OFFICE EQUIPMENT
1 50,000 12 1,400 7 1,050 5 14,000
2 2,500 26 3,900 15 300 18 2,500
6 2,700 30 3,200 1,050 300 ₱ 16,500
7 1,050 5,300 3,200 ₱ 750
10 500 ₱ 2,100
12 3600
15 300
18 1,500
20 7,000
27 275
30 3,200 7500
57,100 23,025
₱ 34,075

202 ACCOUNTS PAYABLE 301 W.ADAMS, CAPITAL 401 FEES INCOME 511 OFFICE CLEANING EXPENSES
5 14,000 1 50,000 12 5,000 10 500
18 1,000 ₱ 50,000 26 3,900 ₱ 500
20 7,000 ₱ 8,900
30 350
7,000 15,350
₱ 8,350

514 RENT EXPENSE 520 TELEPHONE EXPENSE 523 UTILITIES EXPENSE 517 SALARIES EXPENSE
2 2,500 27 275 30 350 30 7500
₱ 2,500 ₱ 275 ₱ 350 ₱ 7,500

W.A Computer Service Company

Trial Balance
Debit Credit
101 Cash ₱ 34,075
111 Accounts Receivable 2,100
121 Supplies 750
141 Office Equipment 16,500
151 Art Equipment 2,700
202 Accounts Payable ₱ 8,350
301 W. Adams, Capital 50,000
401 Fees Income 8,900
511 Office Cleaning Expense 500
514 Rent Expense 2,500
517 Salaries Expense 7,500
520 Telephone Expense 275
523 Utilities Expense 350
₱ 67,250 ₱ 67,250