Sugo Duncagan

General Ledger -
For the Period December 1 to Dec
Date JE#

12/02/2020 JE1
12/02/2020 JE2
12/02/2020 JE4
12/02/2020 JE5
12/02/2020 JE6
12/12/2020 JE9
12/15/2020 JE10
12/15/2020 JE12
12/22/2020 JE13
12/24/2020 JE15
12/24/2020 JE16
12/25/2020 JE19
12/25/2020 JE20
12/26/2020 JE21
12/28/2020 JE22
12/22/2020 JE14
12/24/2020 JE17
12/25/2020 JE18
12/02/2020 JE3
12/02/2020 JE5
12/06/2020 JE7
12/06/2020 JE8
12/15/2020 JE11
12/15/2020 JE12
12/02/2020 JE6
12/15/2020 JE10

12/02/2020 JE2
12/06/2020 JE7
12/06/2020 JE8
12/15/2020 JE11
12/12/2020 JE19
12/25/2020 JE20
12/28/2020 JE22
12/31/2020 JE23
12/31/2020 JE24

12/02/2020 JE1
12/02/2020 JE3

12/22/2020 JE13
12/22/2020 JE14
12/24/2020 JE15
12/24/2020 JE16
12/24/2020 JE17
12/25/2020 JE18

12/12/2020 JE9
12/26/2020 JE21
12/31/2020 JE23
12/31/2020 JE24

ADJUSTING ENTRIES

12/31/2020 440
12/31/2020 180

12/31/2020 440
12/31/2020 170

12/31/2020 410
12/31/2020 110

12/31/2020 450
12/31/2020 250

12/31/2020 460
12/31/2020 192

12/31/2020 470
12/31/2020 194

12/31/2020 480
12/31/2020 196

12/31/2020 490
12/31/2020 130

12/31/2020 495
12/31/2020 190
12/31/2020 420
12/31/2020 191

Closing Entries

12/31/2020 Income
12/31/2020 Revenue from Deliveries
12/31/2020 Expenses
12/31/2020 Salaries Expense
12/31/2020 Utilities Expense
12/31/2020 Taxes and Lisences
12/31/2020 Supplies Expense
12/31/2020 Interest Expense
12/31/2020 Depreciation Expense - Delivery Vehicle
12/31/2020 Depreciation Expense - Furnitures and Fixtures
12/31/2020 Depreciation Expense - Computer Equipment
12/31/2020 Rent Expense
12/31/2020 Insurance Expense
12/31/2020 Income Summary

12/31/2020 Income Summary

Rosario, Capital

No Reversing Entry To be Recorded

 Sugo Duncagan
General Ledger -
For the Period December 1 to December 31, 2020
Account Description
Assets
Cash Investment of Owner
Cash Acquired Loan
Cash Payment for Taxes and Lisences
Cash Payment for Delivery Vehicle
Cash Payment for Insurance
Cash Payment of Salaries
Cash Payment for Utilities
Cash Payment for Office Supplies
Cash Revenue from Deliveries
Cash Revenue from Deliveries
Cash Revenue from Deliveries
Cash Payment for Computer Equipments
Cash Payment for Furnitures and Fixtures
Cash Payment for Salaries
Cash Advance payment for Delivery
Accounts Receivable Bill to Customers
Accounts Receivable Bill to Customers
Accounts Receivable Bill to Customers
Prepaid Rent Acquired rent worth 1 year
Delivery Vehicle Acquired Delivery Vehicle
Computer Equipments Acquired Computer Equipments
Furnitures and Fixtures Acquired Furnitures and Fixtures
Delivery Supplies Acquired Gasoline
Office Supllies Acquired Office Supplies
Prepaid Insurance Acquired Insurance worth 1 year
Prepaid Utilities
Liabilities
Notes Payable Loan payable due in 1 year
Accounts Payable Computer Equipment Payable
Accounts Payable Furnitures and Fixtures Payable
Accounts Payable Gasolin Payable
Accounts Payable Paid for Computer Equipment
Accounts Payable Paid for Furnitures and Fixtures
Unearned Delivery Revenue Advance Payment from customers
Utilities Payable Water Bill Payable
Utilities Payable Electric Bill Payable
Owner's Equity
Rosario, Capital Investment of Owner to the Business
Rosario, Capital Investment of Owner to the Business
Income
Revenue from Deliveries Cash acquired from rendering services
Revenue from Deliveries Cash acquired from rendering services
Revenue from Deliveries Cash acquired from rendering services
Revenue from Deliveries Cash acquired from rendering services
Revenue from Deliveries Cash acquired from rendering services
Revenue from Deliveries Cash acquired from rendering services
Expenses
Salaries Expense Salaries paid to employees
Salaries Expense Salaries paid to employees
Utilities Expense Water Bill payment
Utilities Expense Electric Bill payment

Supplies Expense
Office Supplies
Recognition of supplies expenses

Supplies Expense
Delivery Supplies
Recognition of gasoline expenses

Salaries Expense
Cash
Salary of 8 employees from Dec. 27-31, 2020 no overtime pay
Daily rate of P300.00 per employee

Interest Expense
Interest Payable
Recognition of 1 month Interest expense on loan payable granted on Dec. 1, 2020
Loan of P2.5 million at 12% per annum

Depreciation Expense - Delivery Vehicle

Accumulated Depreciation - Delivery Vehicle
Recognition of Depreciation expense for one month

Depreciation Expense - Furnitures and Fixtures

Accumulated Depreciation - Furnitures and Fixtures
Recognition of Depreciation expense for one month

Depreciation Expense - Computer Equipment

Accumulated Depreciation - Computer Equipment
Recognition of Depreciation expense for one month

Rent Expense
Prepaid Rent
Recognition of 1 month rent expense

Insurance Expense
Prepaid Insurance
Recgnition of 1 month insurance expense of 2 vehicles
 Utilities Expense
Prepaid Utilities
Recognition of 16 days internet expense

203,796.85

Debit

Revenue from Deliveries 174,000.00

Salaries Expense
Utilities Expense
Taxes and Lisences
Supplies Expense
Interest Expense
Depreciation Expense - Delivery Vehicle
Depreciation Expense - Furnitures and Fixtures
Depreciation Expense - Computer Equipment
Rent Expense
Insurance Expense
Income Summary

Income Summary 29,796.85

Rosario, Capital
Debit Credit Balance

750,000.00 750,000.00
2,500,000.00 3,250,000.00
1,000.00 3,249,000.00
1,996,000.00 1,253,000.00
100,000.00 1,153,000.00
21,600.00 1,131,400.00
2,899.00 1,128,501.00
3,200.00 1,125,301.00
20,000.00 1,145,301.00
50,000.00 1,195,301.00
50,000.00 1,245,301.00
361,950.00 883,351.00
100,000.00 783,351.00
33,600.00 749,751.00
10,000.00 759,751.00
15,000.00 15,000.00
30,000.00 45,000.00
9,000.00 54,000.00
180,000.00 180,000.00
1,996,000.00 1,996,000.00
361,950.00 361,950.00
100,000.00 100,000.00
9,500.00 9,500.00
3,200.00 3,200.00
100,000.00 100,000.00
2,899.00 2,899.00

2,500,000.00
361,950.00 361,950.00
100,000.00 461,950.00
9,500.00 471,450.00
361,950.00 109,500.00
100,000.00 9,500.00
10,000.00 10,000.00
800.00 800.00
5,223.98 6,023.98

750,000.00 750,000.00
180,000.00 930,000.00

20,000.00 20,000.00
15,000.00 35,000.00
50,000.00 85,000.00
50,000.00 135,000.00
 30,000.00 165,000.00
9,000.00 174,000.00

21,600.00 21,600.00
33,600.00 55,200.00
800.00 800.00
5,223.98 6,023.98

Dr Cr

1,200.00 AJE1
1,200.00 AJE1

6,800.00 AJE2
6,800.00 AJE2

12,000.00 AJE3
12,000.00 AJE3

16,666.67 AJE4
16,666.67 AJE4

16,633.33 AJE5
16,633.33 AJE5

833.33 AJE6
833.33 AJE6

3,016.25 AJE7
3,016.25 AJE7

15,000.00 AJE8
15,000.00 AJE8

8,333.33 AJE9
8,333.33 AJE9
 1,496.26 AJE10
1,496.26 AJE10

175,392.74

Credit

310 CE1

67,200.00 410 CE2

8,912.98 420 CE3
1,000.00 430 CE4
8,000.00 440 CE5
16,666.67 450 CE6
16,633.33 460 CE7
833.33 470 CE8
3,016.25 480 CE9
15,000.00 490 CE10
8,333.33 495 CE11
29,796.85 520 CE12

520 CE12
29,796.85