1.

ASSETS LIABILITIES EQUITY REVENUE EXPENSE

Notes Receivable Due to Supplier Cruz, Capital Advance from Wages
Clients
Land Loans due to Cruz, Drawing
PNB
Building Supplier’s
Account
Office Supplies
Deposit for
Rental

2.
ACCOUNT INCREASE SIDE ACCOUNT INCREASE SIDE
Cash A Accounts Receivable A
Account Payable B Deposit from Tenants A
Rent Expense A Rubio, Personal A
Rubio, Capital B Mortgage Loan B
Tuition Income B Utilities Expense A

3.
ITEMS BALANCE ITEMS BALANCE
Interest Income B Rent Expense A
Accounts Payable B Rent Payable B
Salary Expense A Tuition Income B
Notes Receivable A Accumulated B
Depreciation
Reina, Capital B Bad Debts B
Accounts Receivable A Building A
Supplies Expense A Depreciation B
Office Supplies A Reina, Drawing A
 4.
A.
B. Trial Balance

ACCOUNTS
CASH RECEIVABLE SUPPLIES
01/11 01/20 01/16 01/30
01/ 02 01/07 12,300 11,000 7,000 5,000
100,000 15,000
01/04 01/09
250,000 20,000 Balance Balance
01/20 01/16 1,300 2,000
11,000 7,000
01/24
25,000
01/24
361,000 2,000
69,000

Balance
292,000

ACCOUNTS NOTES
EQUIPMENT PAYABLE PAYABLE
01/09 01/09 01/24 01/04
70,000 50,000 25,000 250,000

Balance Balance Balance

70,000 25,000 250,000
 GARDNER, GARDNER,
CAPITAL DRAWINGS SERVICE INCOME
01/02 01/28 01/11
100,000 2,000 12,300

Balance Balance Balance

100,000 2,000 12,300

ADVERTISING SUPPLIES
EXPENSE EXPENSE
01/07 RENT
01/07EXPENSE 01/30
5,000 10,000 5,000

Balance Balance Balance

5,000 10,000 5,000

C. Trial Balance

LYN INTERIOR DECORATOR

TRIAL BALANCE
JANUARY, 31, 20XX
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
101 Cash P 292,000
102 Accounts Receivable 1,300
103 Supplies 2,000
 201 Equipment 70,000
301 Accounts Payable P 25,000
401 Notes Payable 250,000
501 Gardner, Capital 100,000
502 Gardner, Drawings 2,000
601 Service Income 12,300
701 Advertising Expense 5,000
702 Rent Expense 10,000
703 Supplies Expense 5,000
Totals P387,300 P387,300

5.
A.
 Voucher of Reindeer Company
B. T Accounts

ACCOUNTS OFFICE CASH RECEIVABLE SUPPLIES

06/20 06/23 06/07
06/01 06/04 20,000 15,000 3,750
200,000 50,000
06/16 06/07
15,000 3,750
06/23 06/18
15,000 13,500 Balance Balance
06/22 5,000 3,750
230,000 10,000
06/25
3,000
06/28
50,000
06/30
6,000 Balance
93,750 136,250

OF ACCOUNTS PAYABLE
FICE
EQUIP
MENT DELIVERY VAN
06/10 06/04
27,000 250,000 06/18 06/04
13,500 200,000
06/28 06/10
50,000 27,000
227,000
Balance Balance 63,500
27,000 250,000
Balance
163,500

DEER,
CAPITAL DEER, DRAWINGS DELIVERY FEES EARNED
06/01 06/25 06/16
200,000 3,000 15,000
06/20
20,000

Balance Balance Balance

200,000 3,000 35,000
 GAS & OIL
RENT EXPENSE EXPENSE
06/22 06/30
10,000 6,000

Balance Balance
10,000 6,000

C. Trial Balance

REINDEER DELIVERY SERVICE

TRIAL BALANCE JUNE
30, 20XX
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
101 Cash P 93,750
102 Accounts Receivable 5,000
103 Office Supplies 3,750
201 Office Equipment 27,000
202 Delivery Van 250,000
301 Accounts Payable 163,500
501 Deer, Capital 200,000
502 Deer, Drawings 3,000
601 Delivery Fees Earned 35,000
701 Rent Expense 10,000
702 Gas & Oil Expense 6,000
Totals P398,500 P398,500

6.
 A.
DATE ACCOUNTS & EXPLANATION F DEBIT CREDIT
APRIL 1 Cash P 50,000
Supplies 5,000
Lee, Capital P 55,000
Investment of Lee to start a
business
4 Supplies 1.900
Accounts Payable 1,900
Purchased supplies on account
7 Accounts Receivable 2,900
Service Revenue 2,900
Billed Client for service
rendered
12 Cash 1,200
Service Revenue 1,200
Revenue earned from clients
15 Salaries Expense 5,000
Cash 5,000
Payment for expenses
20 Lee, Drawing 500
Supplies 500
Took supplies for personal used
25 Cash 900
Accounts Payable 1,900
Cash 1,600
Accounts Receivable 900
Paid account due and collected
from clients
29 Cash 1,400
Accounts Receivable 3,600
Service Revenue 5,000
Billed clients for service
rendered.

B. T Accounts

ACCOUNTS
 CASH
RECEIVABLE
SUPPLIES

4/1 4/7 4/1 4/20

50,000 2,900 5,000 500
4/12 4/29 4/4
500
1,200 3600 1,900
4/25
6,600
6,500 6,900

900
4/29 1,400

Balance Balance
6,500 6,900
Balance

46, 900

ACCOUNTS
PAYABLE LEE, CAPITAL LEE, DRAWING
4/25 4/4 4/1 4/20
1,600 1,900 55,000 500

Balance Balance Balance

300 55,000 500
 SERVICE SALARIES
REVENUE EXPENSE
4/7 4/15
2,900 5,000
4/12
1,200
4/29 Balance
5,000 5,000
Balance
9,100

C. Trial Balance

LANDSCAPING COMPANY
TRIAL BALANCE
APRIL 30, 2015
ACCOUNT TITLE DEBIT CREDIT
Cash P 46,900
Accounts Receivable 5,600
Supplies 6,400
Accounts Payable P 300
Lee, Capital 55,000
Lee, Drawing 500
Service Revenue 9,100
Salaries Expense 5,000
Totals P64,400 P64,400

7.
A.
• OCT 1
• OCT 2 Promissory Notes
• OCT 8 Promissory Notes
• OCT 12 Cash Voucher
• OCT 20 Official Receipts
• OCT 21 Cash Voucher
• OCT 25 Official Receipts
• OCT 29 Cash Voucher
 • OCT 30 Cash Voucher
• OCT 31 Official Receipts B.

October 1 Asset increase; debit cash P250, 000

Owner’s Equity increase; credit Huerto, Capital P250, 000

October 2 Asset increase; debit Furniture & Fixtures P30, 000

Liability increase; credit Accounts Payable P30, 000

October 8 Asset increase; debit equipment P30, 000

Asset decrease; credit cash P15, 000

Liabilities increase; credit Notes Payable P15, 000

October 12 Expense increase; debit Advertising Expense P5, 000

Asset Decrease; credit Cash P5, 000

October 20
Asset increase; debit cash P30, 000

Income increase; credit Janitorial and Maintenance Service Fees

P30, 000

October 21 Liabilities decrease; debit Notes Payable P15, 000

Asset decrease; credit cash P15, 000

October 25 Asset increase; debit cash P65, 000

Asset increase; Accounts Receivable P25, 000

Income increase; credit Janitorial and Maintenance Service Fees

P90, 000

October 29 Expense increase; debit Utilities Expense P17, 500

Asset decrease; credit cash P17, 500

October 30 Expense increase; debit Salaries Expense P80, 000

Asset increase; credit cash P80, 000

October 31 Asset increase; debit cash P25, 000

Asset decrease; credit Accounts Payable P25, 000

8.
 A.

B. Journal
DATE ACCOUNTS & EXPLANATION F DEBIT CREDIT
MARCH Cash P 500, 000
1 Ignacio, Capital P 500, 000
Investment of Ignacio to open a
business
5 Equipment 90, 000
Accounts Payable 45, 000
Cash 45, 000
Purchased medical equipment
from Rivera Medical Supplies
10 Supplies 17, 850
Cash 17, 850
Purchased supplies
12 Office Equipment 15, 000
Accounts Payable 15, 000
Bought office equipment from
Delta Equipment
15 Cash 50, 000
Accounts Receivable 15, 000
Professional Fees Income 65, 000
Income earned from the patients
19 Accounts Payable 7, 500
Cash 7, 500
Paid Delta Equipment
20 Utilities Expense 8, 500
Cash 8, 500
Payment for expenses
25 Rent Expense 15, 000
Advertising Expense 10, 000
Cash 25,000
Payment for expenses
27 Cash 45, 000
Accounts Receivable 3,000
Professional Fees Income 42, 000
Income earned from the patients
29 Accounts Payable 22, 500
Cash 22, 500
Payment for the first installment
on the medical equipment
30 Salaries Expense 36, 000
 Cash 36, 000
Payment for expenses
31 Cash 30, 000
Supplies 13, 500
Accounts Receivable 3, 000
Supplies 13, 500
Professional Fees Income 27, 000
Income earned from the patients

C. General Ledger

CASH
ACCOUNT NO. 101
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
1 Investment by Ignacio J1 500,000 500,000
5 Payment to Rivera Medical J1 45,000 455,000
Supplies
10 Payment for supplies J2 17,850 437,150
15 Collection from patients J2 50,000 487,150
19 Payment for liability J2 7,500 479,650
20 Payment for expenses J2 8,500 471,150
25 Payment for expenses J2 25,000 446,150
27 Collection from patients J2 45,000 491,150
29 Payment for liability J2 20,250 468,650
30 Payment for expenses J2 36,000 432,650
31 Collection from patients J2 30,000 462,650

ACCOUNTS RECEIVABLE
ACCOUNT NO. 102
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
15 Service to Mr. Mateo and J2 15,000 15,000
Ms. Myrasol on account
27 Collected from Ms. J2 3,000 12,000
Myrasol
31 Collected from Mr. Mateo J2 3,000 9,000
 SUPPLIES
ACCOUNT NO. 103
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
15 Purchased supplies J2 17,850 17,850
31 Supplies used J2 13,500 4,350

EQUIPMENT
ACCOUNT NO. 104
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
5 Purchased medical J1 90,000 90,000
equipment
12 Bought office equipment J2 15,000 105,000

ACCOUNTS PAYABLE
ACCOUNT NO. 201
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
5 Purchased medical J1 45,000 45,000
equipment payable in 2
months
12 Bought office supplies on J2 15,000 60,000
account
19 Paid Delta Equipment J2 7,500 52,500
29 First installment on J2 22,500 30,000
medical equipment

IGNACIO, CAPITAL
ACCOUNT NO. 501
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
1 Investment of Ignacio J1 500,000 500,000

PROFESSIONAL FEES INCOME

ACCOUNT NO. 601
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
15 Collected from patients J2 65,000 65,000
27 Collected from patients J2 42,000 107,000
31 Collected from patients J2 27,000 134,000

ADVERTISING EXPENSE
ACCOUNT NO. 701
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
25 Payment for advertising J2 10,000 10,000

RENT EXPENSE
ACCOUNT NO. 702
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
25 Payment for rent J2 15,000 15,000

UTLITIES EXPENSE
ACCOUNT NO. 703
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
20 Payment for utilities J2 8,500 8,500

SALARIES EXPENSE
ACCOUNT NO. 704
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MARCH DEBIT CREDIT
30 Payment for salaries J2 36,000 36,000

SUPPLIES EXPENSE
ACCOUNT NO. 705
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
DEBIT CREDIT
31 Supplies used J2 13,500 13,500
 D. Trial Balance

SKINCARE CLINIC
TRIAL BALANCE MARCH,
20XX
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
101 Cash P 462,650
102 Accounts Receivable 9.000
103 Supplies 4, 350
201 Equipment 105,000
301 Accounts Payable P 30,000
501 Ignacio, Capital 500,000
601 Professional Fees Income 134,000
701 Advertising Expense 10,000
702 Rent Expense 15,000
703 Utilities Expense 8,500
704 Salaries Expense 36,000
705 Supplies Expense 13,500
Totals P664,000 P664.000

9.
A. Customer’s Card
SUBSIDIARY LEDGER
Name: Mateo
DATE TERM F DEBIT CREDIT BALANCE
MARCH 15 SA J2 6,000 6,000
MARCH 31 OR J2 3,000 3,000
 SUBSIDIARY LEDGER

Name: Myrasol
DATE TERM F DEBIT CREDIT BALANCE
MARCH 15 SA J2 9,000
MARCH 27 OR J2 3,000 6,000

SKINCARE CLINIC

SCHEDULE OF ACCOUNTS RECEIVABLE

MARCH 31, 20XX

Mateo P 3, 000

Myrasol 6, 000

Total P12, 000

Yes, it actually tallies with the balance of Accounts Receivable to the ledger I prepared. B.
Supplier’s Card
SUPPLIER LEDGER

Rivera Medical Supplies

DATE TERM F DEBIT CREDIT BALANCE
MARCH 5 PN J1 45,000
MARCH 29 CV J2 22,500 22,500

SUPPLIER LEDGER

Delta Equipment
DATE TERM F DEBIT CREDIT BALANCE
MARCH 12 PN J2 15,000
MARCH 19 CV J2 7,500 7,500
 SKINCARE CLINIC

SCHEDULE OF ACCOUNTS PAYABLE

MARCH 31, 20XX

Rivera Medical Supplies P 22, 500

Data Equipment 7, 500

Total P 30, 000

Yes, it actually tallies with the balance of Accounts Payable to the ledger I prepared.

10. A.
B. Journal
DATE ACCOUNTS & EXPLANATION F DEBIT CREDIT
OCT 1 Cash P 45,000
Computer System 20,000
Office Equipment 80,000
Ty, Capital P 145,000
Investment of Ty to put up a
business
2
3 Computer Supplies 1,420
Accounts Payable 1,420
Purchased supplies from Office
Warehouse on account
6 Accounts Receivable 4,800
Professional Fees Revenues 4,800
Billed Easy Internet Shop
8 Accounts Payable 1,420
Cash 1,420
Paid the purchased supplies from
Office Warehouse
12 Accounts Receivable 3,400
Professional Fees Revenues 3,400
Billed Fast Internet Shop for
computer system installment
15 Cash 2,400
Accounts Receivable 2,400
Collected from Easy Internet
Shop
 17 Repairs Expense 1,500
Cash 1,500
Payment for expenses
20 Cash 2,600
Accounts Receivable 2,600
Billed IMC Company
25 Rent Expense 8,600
Utilities Expense 8,600
Cash 17,200
Payment for expenses
30 Ty, Drawing 3,000
Cash 3,000
Cash withdrawal by Ty
31 Salaries Expense 5,000
Cash 5,000
Paid Adel’s wages

C. General Ledger

CASH
ACCOUNT NO. 101
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
1 Investment by Ty J1 45,000 45,000
8 Payment for liabilities J1 1,420 43,580
15 Collection from customers J1 2,400 45,980
17 Payment for supplies J1 1,500 44,480
20 Collection from customers J1 2,600 47,080
25 Payment for expenses J1 17,200 29,880
30 Personal drawing of Ty J1 3,000 26,880
31 Payment for expenses J2 5,000 21,880

ACCOUNTS RECEIVABLE
ACCOUNT NO. 102
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
6 Services to Easy Internet J1 4,800 4,800
Shop
12 Services to Fast Internet J1 3,400 8,200
Shop
15 Collected from Easy J1 2,400 5,800
 Internet Shop
20 Services to IMC Company J1 2,600 8,400

COMPUTER SUPPLIES
ACCOUNT NO. 103
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
3 Purchased computer supplies J1 1,420 1,420

COMPUTER SYSTEM

ACCOUNT NO. 201

DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
1 Investment of Ty J1 20,000 20,000

OFFICE EQUIPMENT
ACCOUNT NO. 202
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
1 Investment of Ty J1 80,000 80,000

ACCOUNTS PAYABLE
ACCOUNT NO. 301
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
3 Purchased computer J1 1,420 1,420
supplies on credit
8 Payment for liabilities J1 1,420 0

Ty, CAPITAL
ACCOUNT NO. 501
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
1 Investment of owner J1 145,000 145,000

Ty, Drawing
 ACCOUNT NO. 502
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
30 Ty withdrew cash for J1 3,000 3,000
personal use

PROFESSIONAL FEES REVENUES

ACCOUNT NO. 601
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
6 Collected from customers J1 4,800 4,800
12 Collected from customers J1 3,400 8,200
20 Collected from customers J1 5,200 13,400

REPAIRS EXPENSE
ACCOUNT NO. 701
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
17 Payment for expenses J1 1,500 1,500

RENT EXPENSE
ACCOUNT NO. 702
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
25 Payment for expenses J1 8,600 8,600

SALARIES EXPENSE
ACCOUNT NO. 703
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
31 Payment for expenses J2 5,000 5,000

UTILITIES EXPENSE
ACCOUNT NO. 704
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
OCT DEBIT CREDIT
 25 Payment for expenses J1 8,600 8,600

D. Trial Balance

BUSINESS SOLUTIONS COMPANY

TRIAL BALANCE
OCTOBER 31,20XX
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
101 Cash P 21,880
102 Accounts Receivable 8,400
103 Computer Supplies 1,420
201 Computer System 20,000
202 Office Equipment 80,000
301 Accounts Payable P 0
501 Ty, Capital 145,000
502 Ty, Drawings 3,000
601 Professional Fees 13,400
Revenue
701 Repairs Expense 1,500
702 Rent Expense 5,000
703 Salaries Expense 8,600
704 Utilities Expense 8,600
Totals P158,400 P158,400

11.
SUBSIDIARY LEDGER
Easy Internet Shop
DATE TERM F DEBIT CREDIT BALANCE
OCT 6 SA J1 4,800 4,800
OCT 15 OR J1 2,400 2,400
 SUBSIDIARY LEDGER

Fast Internet Shop

DATE TERM F DEBIT CREDIT BALANCE
OCT 12 SA J1 3,400 3,400

BUSINESS SOLUTIONS COMPANY

SCHEDULE OF ACCOUNTS RECEIVABLE

OCTOBER 31,20XX

Easy Internet Shop P 2, 400

Fast Internet Shop 3, 400

Total

P 5,
800

No, it doesn’t tallies with balance of Accounts Receivable to the ledger I prepared.

12.
A. Journal
DATE ACCOUNTS & EXPLANATION F DEBIT CREDIT
2019
MAY 1 Cash P 150,000
Castillo, Capital P 150,000
Investment of Castillo to open a
business
3 Deposit for Rent 15,000
Cash 15,000
Signed a contract of lease
4 Furniture & Fixtures 50,000
 Cash 50,000
Paid for the construction of
display
5 Repair Supplies 7,500
Cash 7,500
Bought repair supplies
8 Repair Equipment 15,000
Cash 7,500
Accounts Payable 7,500
Bought repair equipment from
XYO Co.
9 Cash 1,500
Repair Fees Revenue 1,500
Collected cash for cellphone
repair service
10 Accounts Receivable 7,500
Repair Fees Revenue 7,500
Billed Madison Corp. for
computer repair service
14 Cash 8,000
Notes Receivable 2,500
Repair Fees Revenue 10,500
Collected cash from customers
and promissory notes
15
16 Utilities Expense 3,800
Cash 3,800
Payment for expenses
18 Accounts Receivable 15,000
Repair Fees Revenue 15,000
Billed Telecom System
22 Cash 8,500
Accounts Receivable 12,000
Repair Fees Revenue 20,500
Collected from customers
25 Rent Expense 15,000
Cash 15,000
Paid for rent to Ace Realty
28 Cash 3,750
Accounts Receivable 3,750
Collected from Madison Corp.
30 Salaries Expense 23,556.25
SS Premiums Payable 1,000
 Philhealth Premium Payable 343.75
Pag-ibig Premium Payable 100
Cash 25,000
Payment for expenses
31 Castillo, Drawings 1,500
Repair Supplies 1,500
Took home repair supplies for
personal use

B. General Ledger & Customer’s Card

CASH
ACCOUNT NO. 101
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY J1 DEBIT CREDIT
1 Investment of Castillo J1 P 150,000 P 150,000
3 Signed a contract of lease J1 15,000 135,000
4 Paid for the construction of J1 50,000 85,000
display
5 Bought repair supplies J1 7,500 77,500
8 Payment for XYO Co J1 7,500 70,000
9 Collection from customers J1 1,500 71,500
14 Collection from customers J1 8,000 79,500
16 Payment for utilities J2 3,800 75,700
22 Collection from customers J2 8,500 84,200
25 Payment for Ace Realty J2 15,000 69,200
28 Collection from customers J2 3,750 72,950
30 Payment for expenses J2 25,000 47,950

ACCOUNTS RECEIVABLE
ACCOUNT NO. 102
DATE EXPLANATION RE DEBIT CREDIT BALANCES
F.
MAY DEBIT CREDIT
10 Billed Madison Corp J1 P 7,500 P 7,500
18 Billed Telecom System J2 15,000 22,500
22 Services to Liberty Work on J2 12,000 34,500
account
28 Collected from Madison Corp J2 P 3,750 30,750
 NOTES RECEIVABLE
ACCOUNT NO. 103
DATE EXPLANATION RE DEBIT CREDIT BALANCES
F.
MAY DEBIT CREDIT
14 Promissory note from J2 P 2,500 P2,500
customers

REPAIR SUPPLIES
ACCOUNT NO. 104
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
5 Bought repair supplies J1 P 7,500 P 7,500
31 Castillo withdrawals J2 P 1,500 6,000

DEPOSIT FOR RENT

ACCOUNT NO. 105
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
3 Signed a contract of lease J1 P 15,000 P 15,000

FURNITTURE & FIXTURE

ACCOUNT NO. 201

DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
4 Paid for the construction of J1 P 50,000 P50,000
display

REPAIR EQUIPMENT
ACCOUNT NO. 202
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
8 Bought repair equipment J1 P 15,000 P 15,000

ACCOUNTS PAYABLE
ACCOUNT NO. 401
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
 8 Bought repair equipment J1 P 7,500 P 7,500
with the balance on account
for 30 days

SS PREMIUM PAYABLE
ACCOUNT NO. 402
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
30 Payment for expenses J2 P 1,000 P 1,000

PHILHEALTH PREMIUM PAYABLE

ACCOUNT NO. 403

DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
30 Payment for expenses J2 P 343.75 P 343.75

PAG-IBIG PREMIUM PAYABLE

ACCOUNT NO. 404

DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
30 Payment for expenses J2 P 100 P 100

CASTILLO, CAPITAL
ACCOUNT NO. 501
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
1 Investment of Castillo J1 P 150,000 P 150,000

CASTILLO, DRAWING
ACCOUNT NO. 502
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
31 Castillo withdrawals J2 P 1,500 P 1,500

REPAIR FEES REVENUE

 ACCOUNT NO. 601
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
9 Collection from customers J1 P 1,500 P1,500
10 Billed Madison Corp J1 7,500 9,000
14 Collection from customers J2 10,500 19,500
18 Billed Telecom System J2 15,000 34,500
22 Services to Liberty Work on J2 20,500
account

RENT EXPENSE
ACCOUNT NO. 701
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
25 Payment for expenses J2 P 15,000 P 15,000

SALARIES EXPENSE
ACCOUNT NO. 702
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
30 Payment for expenses J2 P 23,556.25 P 23,556.25

UTILITIES EXPENSE
ACCOUNT NO. 703
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
16 Payment for expenses J2 P 3,800 P 3,800

Customer’s Card
SUBSIDIARY LEDGER

Madison Corp.
DATE TERM F DEBIT CREDIT BALANCE
MAY 10 SA J1 7,500
MAY 28 OR J1 3,750 3,750
 SUBSIDIARY LEDGER

Telecom System
DATE TERM F DEBIT CREDIT BALANCE
MAY 15 SA J2 15,000 15,000

SUBSIDIARY LEDGER

Liberty Work
DATE TERM F DEBIT CREDIT BALANCE

MAY 22 SA J2 12,000 12,000

C. Trial Balance

MARCIE’S COMPUTER AND CELLFONE

CLINIC
TRIAL BALANCE MAY
31, 2019
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
101 Cash P 47,950
102 Accounts Receivable 30,750
103 Notes Receivable 2,500
104 Repair Supplies 6,000
105 Deposit for Rent 15,000
201 Furniture & Fixtures 50,000
202 Repair Equipment 15,000
401 Accounts Payable 7,500
402 SS Premium Payable 1,000
403 Philhealth Premium Payable 343.75
 404 Pag-ibig Premium Payable 100
501 Castillo, Capital P 150,000
502 Castillo, Drawings 1,500
601 Repair Fees Revenue 55,000
701 Rent Expense 15,000
702 Salaries Expense 23,556.25
703 Utilities Expense 3,800
Totals P 212,500 P 212,500

D.

MARCIE’S COMPUTER AND CELLFONE CLINIC SCHEDULE OF

ACCOUNTS RECEIVABLE

MAY 31, 2019

Madison Corp. P 3, 750

Telecom System 15, 000

Liberty Work 12, 000

Total P 30, 750

ACCOUNT NO. 102
DATE EXPLANATION REF. DEBIT CREDIT BALANCES
MAY DEBIT CREDIT
10 J1 P 7,500 P 7,500
18 J2 15,000 22,500
22 J2 12,000 34,500
28 J2 P 3,750 P 30,750

A CHALLENGING PROBLEM

BAKERITE SCHOOL
TRIAL BALANCE
JUNE 30, 2018
ACCOUNT TITLES DEBIT CREDIT
Cash P 55,000
Supplies on Hand 12,500
Student’s Account 15,000
Supplier’s Account P 22,000
Right, Capital 50,000
Right, Personal 4,500
Tuition Fees 135,000
Rent Expense 20,000
Supplies Expense 100,000
Totals P207,000 P207,000

ETHICAL ISSUE

A. We will tell the customers by saying, “We will take the full responsibility for this matter
and we are sorry for any inconvenience caused.” This is own up responsibility of Toyota.
B. The Toyota should implement Develop an integrated supplier database. Supply chain
transparency enables proactive compliance and ongoing performance review for
informed risk management. C. No!
D. E.

A good reputation is one of the most important things a business can have on the grounds that it's
an immediate reflection on the relationship it has with the community it serves, and the
individuals that it depend on to live.

HOSPITALITY

• At the point when an individual visits a friend's home, the host welcomes that person with
an extremely warm welcome. The host will promptly let their guest plunk down and will
set up a feast or a nibble in addition to drinks for the guest. The host will demand that the
friend not go out with an unfilled stomach. A host will consistently ensure you made
some extraordinary memories visiting them.
• Individuals offer their visitor space to guests in the event that they will go through the
night.

• Dinners offered to visitors are exceptionally extraordinary. A host consistently figures out
how to get ready extraordinary tasting nourishment that her guest needs to eat.