Name: Lindsay Jane D.

Marquez

Grade and Section: 10 – St. Augustine

General Journal Page No. 1

Date Account Title and Explanation PR Debit Credit

19XX
July 01 Cash 01 50,000
Equipment 02 200,000
Notes Payable 11 80,000
Rudy Vasquez, Capital 21 170,000
Initial Investment

02 Rent Expense 41 3,000

Cash 01 3,000
Paid rent for the month of July

03 Advertising Expense 42 800

Cash 01 800
Paid the newspaper advertising

06 Cash 01 4,000
Car Rental Income 31 4,000
Received cash for car rentals for the week

08 Gas and Oil Used 43 500

Cash 01 500
Paid Gas and Oil

09 Notes Payable 11 10,000

Cash 01 10,000
Partial Payment for Crown Car Company

13 Cash 01 4,600
Car Rental Income 31 4,600
Receive Cash for the car rentals for the
week

15 Gas and Oil Used 43 750

Cash 01 750
 Paid Gas and Oil

15 Salary Expense 44 800

Cash 01 800
Paid for attendants’ salary

20 Supplies Used 45 400

Cash 01 400
Paid for office supplies’ bills

20 Cash 01 4,200
Roman Jose 03 1,000
Car Rental Income 31 5,200
Income from car rentals and bill to
Roman Jose for rental of cars

22 Gas and Oil Used 43 700

Cash 01 700
Paid for Gas and Oil

25 Repairs 46 900
Cash 01 900
Paid for automobile repairs

27 Cash 01 4,100
Car Rental Income 31 4,100
Income for car rental

29 Gas and Oil Used 43 700

Cash 01 700
Roman Jose 03 550
Cash 01 550
Paid for Gas and Oil bill and collected from
Roman Jose

30 Salary Expense 44 800

Rudy Vasquez, Drawing 22 2,000
Cash 01 2,800
Paid attendant’s salary and Rudy Vasquez
withdrew money
 31 Cash 01 2,800
Car Rental Income 31 2,800
Income from car rentals for five days

CHARTS OF ACCOUNTS

Assets

01 Cash

02 Equipment

03 Roman Jose

Liabilities

11 Notes Payable

Proprietorship

21 Rudy Vasquez, Capital

22 Rudy Vasquez, Drawing

Income

31 Car Rental Income

Expenses

41 Rent Expense

42 Advertising Expense

43 Gas and Oil Used

44 Salary Expense

45 Supplies Used

46 Repairs
 CASH
Date Explanation PR Debit Date Explanation PR Credit
19xx 19xx
July 1 Initial Investment 01 50,000 July 2 Paid rent for the 01 3,000
month of July
July 6 Receive cash for car 01 4,000 July 3 Paid the newspaper 01 800
rentals for the week advertising
July 13 Receive cash for car 01 4,600 July 8 Paid Gas and Oil 01 500
rentals for the week
July 20 Receive cash for car 01 4,200 July 9 Partial Payment for 01 10,000
rentals for the week Crown Car Company
July 27 Receive cash for car 01 4,100 July 15 Paid Gas and Oil bills 01 1,550
rentals for the week and attendants’
salary
July 29 Collected cash from 01 550 July 20 Paid for office 01 400
Roman Jose on bill supplies’ bills
on the 20th
July 31 Receive cash for 01 2,800 July 22 Paid for Gas and Oil 01 700
rentals for five days
TOTAL = 70,250 July 25 Paid for automobile 01 900
repairs
July 29 Paid for Gas and Oil 01 700
bill
July 30 Paid attendant’s 01 2,800
salary and Rudy
Vasquez withdrew
money
TOTAL = 21,350
BALANCE = 48,900

ACCOUNTS RECEIVABLE - ROMAN JOSE

Date Explanation PR Debit Date Explanation PR Credit
19xx 19XX
July 20 Sent a bill to 03 1,000 July 29 Accounts 03 550
Roman Jose for Receivable, Roman
rental of cars Jose
BALANCE = 450
 EQUIPMENT
Date Explanation PR Debit Date Explanation PR Credit
19xx
July 1 Initial Investment 02 200,000
TOTAL = 200,000

NOTES PAYABLE
Date Explanation PR Debit Date Explanation PR Credit
19xx
July 9 Partial Payment for 11 10,000 July 1 80,000
Crown Car
Company
TOTAL = 70,000

RUDY VASQUEZ, CAPITAL

Date Explanation PR Debit Date Explanation PR Credit
19xx 19xx
July 1 Initial Investment 01 170,000
TOTAL = 170,000

RUDY VASQUEZ, DRAWING

Date Explanation PR Debit D ate Explanation PR Credit
19xx 19xx
July 30 Withdrew cash for 22 2,000
personal use
TOTAL = 2,000

CAR RENTAL INCOME

Date Explanation PR Debit Date Explanation PR Credit
19xx
July 6 Receive cash for car 31 4,000
rentals for the week

July 13 Receive cash for car 31 4,600

rentals for the
week
July 20 Receive cash for car 31 5,200
rentals for the
week
 July 27 Receive cash for car 31 4,100
rentals for the
week
July 31 Receive cash for car 31 2,800
rentals for five days
TOTAL = 20,700

RENT EXPENSE
Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 2 Paid cash for July’s 41 3,000
office rent
TOTAL = 3,000

ADVERTISING EXPENSE
Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 3 Paid cash for 42 800
newspaper
advertisement
TOTAL = 800

GAS AND OIL USED

Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 8 Paid Gas and Oil 43 500
July 15 Paid Gas and Oil 43 750
July 22 Paid Gas and Oil 43 700
July 29 Paid Gas and Oil 43 700
TOTAL = 2,650

SALARY EXPENSE
Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 15 Paid for 44 800
attendants’ salary
July 30 Paid for 44 800
attendants’ salary
TOTAL = 1,600

SUPPLIES USED
Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 20 Paid for office 45 400
supplies’ bills
BALANCE = 400

REPAIRS
Date Explanation PR Debit D ate Explanation PR Credit
19xx
July 25 Paid for 46 900
automobile repairs
TOTAL = 900
 U-DRIVE-IT
Trial Balance
For the month ended July 31, 19XX

DEBIT CREDIT
Cash 48,900
Accounts Receivable, Roman Jose 450
Notes Payable 70,000
Equipment 200,000
Rudy Vasquez, Capital 170,000
Rudy Vasquez, Drawing 2,000
Car Rental Income 20,700
Rent Expense 3,000
Advertising Expense 800
Gas and Oil Used 2,650
Salary Expense 1,600
Supplies Used 400
Repairs 900

260,700 260,700