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  • Ross Ison Nicolas Classwork 11.18.2020

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    Karlos Miguel Nepales
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    Ross Ison A. Nicolas is a student in X - Aristotle section. The summary provides details of Padilla Company's general journal for the month ended July 31, 2020, which includes various debit and credit transactions such as investment of capital, purchase of repair tools, prepaid rent, purchase of repair equipment on account, rendering of car repair services, payment of advertising fees, telecommunication expenses, accounts receivable, cash withdrawals, borrowing cash from a bank, purchase of office supplies, purchase of furniture on account, purchase of an office computer, payment of employee salaries, and payment of utilities expenses.

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    Ross Ison A. Nicolas is a student in X - Aristotle section. The summary provides details of Padilla Company's general journal for the month ended July 31, 2020, which includes various debit and credit transactions such as investment of capital, purchase of repair tools, prepaid rent, purchase of repair equipment on account, rendering of car repair services, payment of advertising fees, telecommunication expenses, accounts receivable, cash withdrawals, borrowing cash from a bank, purchase of office supplies, purchase of furniture on account, purchase of an office computer, payment of employee salaries, and payment of utilities expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    11 views4 pages

    Ross Ison Nicolas Classwork 11.18.2020

    Uploaded by

    Karlos Miguel Nepales
    Ross Ison A. Nicolas is a student in X - Aristotle section. The summary provides details of Padilla Company's general journal for the month ended July 31, 2020, which includes various debit and credit transactions such as investment of capital, purchase of repair tools, prepaid rent, purchase of repair equipment on account, rendering of car repair services, payment of advertising fees, telecommunication expenses, accounts receivable, cash withdrawals, borrowing cash from a bank, purchase of office supplies, purchase of furniture on account, purchase of an office computer, payment of employee salaries, and payment of utilities expenses.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    Name of the Student: Ross Ison A.

    NIcolas
    Year and Section: X - Aristotle

    PADILLA COMPANY
    GENERAL JOURNAL
    For the month ended July 31,2020
    DATE ACCOUNT TITLES AND EXPLANATIONS REF
    Jul 1 Cash 101
    Padilla, Capital 301
    Investment of Padilla in the form of cash

    2 Repair Tools 105


    Cash 101
    Bought repair tools and paid in cash

    3 Prepaid Rent 104


    Cash 101
    Advance payment for rent

    4 Repair Equipment 115


    Accounts Payable 201
    Bought repair equipment on account

    5 Cash 101
    Service Revenue 401
    Rendered car repair service to customer

    7 Advertising Expense 501


    Cash 101
    Payment for advertising fees

    10 Telecommunication Expense 502


    Cash 101
    Payment for installaton as part of telecommunication expense

    15 Cash 101
    Accounts Receivable 102
    Service Revenue 401
    Rendere car repair service to clients
    302
    22 Padilla, Withdrawals 101
    Cash
    Cash withdrawal by Padilla

    23 Cash 101
    Notes Payable 205
    Borrowed cash from Banco de Oro

    24 Office Supplies 103


    Cash 101
    Bought office supplies and paid in cash

    25 Furniture and Fixtures 116


    Accounts Payable 201
    Bought furniture from Angel's Department Store on account

    27 Office Computer 117


    Cash 101
    Bought office computer and paid in cash

    29 Salaries Expense 503


    Cash 101
    Payment for the salary of employees

    31 Utilities Expense 504


    Cash 101
    Payment for water and electricity
    ,2020
    DEBIT CREDIT
    ₱1,000,500.00
    ₱1,000,500.00

    ₱22,300.00 NOTE
    ₱22,300.00

    ₱120,000.00
    ₱120,000.00

    ₱27,900.00
    ₱27,900.00

    ₱16,000.00
    ₱16,000.00

    ₱34,000.00
    ₱34,000.00

    ₱1,500.00
    ₱1,500.00

    ₱43,400.00
    ₱101,600.00
    ₱145,000.00

    ₱5,000.00
    ₱5,000.00
    ₱214,000.00
    ₱214,000.00

    ₱3,100.00
    ₱3,100.00

    ₱70,000.00
    ₱70,000.00

    ₱15,000.00
    ₱15,000.00

    ₱48,000.00
    ₱48,000.00

    ₱4,200.00
    ₱4,200.00

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