Car Uphostery Shop

General Journal

Date Account Title and Explanation Ref. Debit

2019
Nov 1 Cash ₱50,000
Owner's, Capital
Paul Emerson invested P50000 to the business

Cash 50,000
Owner's, Capital
Angelo Lobo invested P50000 to the business

5 Equipment 9,000
Cash
Purchased two sewing machines

Cash 26,250
Service Income
Customer paid P8750 for each car uphostery (3cars)

6 Uphostery Supplies 5,000

Cash
Purchased in cash initial supply of uphostery materials

25 Cash 66,000
Service Income
Services rendered to customers for the 2nd-4th week
of november

30 Rent Expense 5,650

Utilities Expense 1,450
Cash
Monthly Payment for rent and utilities

Salary Expense 28,750

Cash
Payment for employees' salaries
Credit

₱50,000

50,000

9,000

26,250

5,000

66,000

7,100

28,750
 Car Upholstery Shop
General Ledger

Account Name:

Date
2019
Nov 1
1
5
5
6
25
30
30

Account Name:

Date
2019
Nov 6

Account Name:

Date
2019
Nov 5

Account Name:

Date
2019
Nov 1
1

Account Name:

Date
 2019
Nov 5
25

Account Name:

Date
2019
Nov 30

Account Name:

Date
2019
Nov 30

Account Name:

Date
2019
Nov 30
 Car Upholstery Shop
General Ledger

Cash Account No.

Explanation Ref # Debit

Paul Emerson invested P50000 to the business GJ 1 ₱ 50,000

Angelo Lobo invested P50000 to the business GJ 1 ₱ 50,000
Purchased two sewing machines GJ 1
Customer paid P8750 for each car upholstery (3cars) GJ 1 ₱ 26,250
Purchased in cash initial supply of upholstery materials GJ 1
Services rendered to customers for the 2nd-4th week GJ 1 ₱ 66,000
Monthly Payment for rent and utilities GJ 1
Monthly Salary of employees GJ 1

Upholstery Supplies Account No.

Explanation Ref # Debit

Purchased in cash initial supply of upholstery materials GJ 1 ₱ 5,000

Equipment Account No.

Explanation Ref # Debit

Purchased two sewing machines GJ 1 ₱ 9,000

Owner's Capital Account No.

Explanation Ref Debit

Paul Emerson invested P50000 to the business GJ 1

Angelo Lobo invested P50000 to the business GJ 1

Service Income Account No.

Explanation Ref Debit

Customer paid P8750 for each car upholstery (3cars) GJ 1
Services rendered to customers for the 2nd-4th week of November

Rent Expense Account No.

Explanation Ref Debit

Monthly Payment for rent and utilities GJ 1 ₱ 5,650

Utilities Expense Account No.

Explanation Ref Debit

Monthly Payment for rent and utilities GJ 1 ₱ 1,450

Salaries Expense Account No.

Explanation Ref Debit

Payment for employees' salaries GJ 1 ₱ 28,750

Account No. 101

Credit Balance

₱ 50,000
₱ 100,000
₱ 9,000 ₱ 91,000
₱ 117,250
₱ 5,000 ₱ 112,250
₱ 178,250
₱ 7,100 ₱ 171,150
₱ 28,750 ₱ 142,400

Account No. 102

Credit Balance

₱ 5,000

Account No. 103

Credit Balance

₱ 9,000

Account No. 301

Credit Balance

₱ 50,000 ₱ 50,000
₱ 50,000 ₱ 100,000

Account No. 401

Credit Balance
 ₱ 26,250 ₱ 26,250
₱ 66,000 ₱ 92,250

Account No. 501

Credit Balance

₱ 5,650

Account No. 502

Credit Balance

₱ 1,450

Account No. 503

Credit Balance

₱ 28,750
 Car Upholstery Shop
Trial Balance
November 30, 2019

Cash 142400
Upholstery Supplies 5,000
Equipment 9,000
Owner's Capital 100,000
Service Income 92,250
Rent Expense 5,650
Utilities Expense 1,450
Salaries Expense 28,750
192,250 192,250
 Car Upholstery Shop
Worksheet
December 31, 2019

TRIAL BALANCE Adjustments Adjusted Trial Balance

Debit Credit Debit Credit Debit
Cash 142,400.00
Upholstery Supplies 5,000.00
Equipment 9,000.00
Owner's Capital 100,000.00
Service Income 92,250.00
Rent Expense 5,650.00
Utilities Expense 1,450.00
Salaries Expense 28,750.00
192,250.00 192,250.00
Net Income
p

Adjusted Trial Balance Income Statement Financial Position

Credit Debit Credit Debit Credit
142,400.00
5,000.00
9,000.00
100,000.00
92,250.00
5,650.00
1,450.00
28,750.00
35,850.00 92,250.00 156,400.00 100,000.00
56,400.00 56,400.00
92,250.00 92,250.00 156,400.00 156,400.00