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
Accounts Payable 201
Paid acquired repair tools through cash and on account

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
020
DEBIT CREDIT
₱1,000,500.00
₱1,000,500.00

₱22,300.00 NOTE
₱22,300.00
₱7,700.00

₱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
 101 CASH
Date Explanation Ref
July 1 Investment of Padilla in the form of cash GJ-1
2 Bought repair tools and paid in cash GJ-1
3 Advance payment for rent GJ-1
5 Rendered car repair service to customer GJ-1
7 Payment for advertising fees GJ-1
10 Payment for installation as part of telecommunication expense GJ-1
15 Rendered car repair service to clients GJ-1
22 Cash Withdrawal by Padilla GJ-1
23 Borrowed cash from Banco de Oro GJ-1
24 Borrowed office supplies and paid in cash GJ-1
27 Bought office computer and paid in cash GJ-1
29 Payment for the salary of employees GJ-2
31 Payment for water and electricity GJ-1

102 ACCOUNT RECEIVABLE

Date Explanation Ref
July 15 Rendered car repair service to clients GJ-1

103 OFFICE SUPPLIES

Date Explanation Ref
July 24 Borrowed office supplies and paid in cash GJ-1

104 REPAID RENT

Date Explanation Ref
July 3 Advance payment for rent GJ-1

105 REPAIR TOOLS

Date Explanation Ref
July 2 Bought repair tools and paid in cash GJ-1
2 Paid acquired repair tools through cash and on account GJ-2

115 REPAIR EQUIPMENT

Date Explanation Ref
July 4 Bought repair equipment on account GJ-1

116 FURNITURE AND FIXTURE

Date Explanation Ref
July 25 Bought furniture from Angel's Department Store on account GJ-1

117 OFFICE COMPUTER

Date Explanation Ref
July 27 Bought office computer and paid in cash GJ-1

201 ACCOUNT PAYABLE

Date Explanation Ref
July 4 Bought a repair equipment on account GJ-1
25 Bought furniture from Angel's Department Store on account GJ-1
2 Partial payment for acquired tools GJ-2
 205 NOTES PAYABLE
Date Explanation Ref
July 23 Borrowed cash from Banco de Oro GJ-1

301 PADILLA, CAPITAL

Date Explanation Ref
July 1 Investment of Padilla in the form of cash GJ-1

302 PADILLA, WITHDRAWAL

Date Explantion Ref
July 22 Cash Withdrawal by Padilla GJ-1

401 SERVICE REVENUE

Date Explanation Ref
July 5 Rendered car repair service to customer GJ-1
15 Rendered car repair service to clients GJ-1

501 ADVERTISING EXPENSE

Date Explanation Ref
July 7 Payment for advertising fees GJ-1

502 TELECOMMUNICATION EXPENSE

Date Explanation Ref
July 10 Payment for installation as part of telecommunication expense GJ-1

503 SALARIES EXPENSE

Date Explanation Ref
July 29 Payment for the salary of employees GJ-1

504 UTILITIES EXPENSE

Date Explanation Ref
July 31 Payment for water and electricity GJ-1
 Debit Credit Balance
₱1,000,500.00 ₱1,000,500.00
₱22,300.00 ₱978,200.00
₱120,000.00 ₱858,200.00
₱16,000.00 ₱874,200.00
₱34,000.00 ₱840,200.00
₱1,500.00 ₱838,700.00
₱43,400.00 ₱882,100.00
₱5,000.00 ₱877,100.00
₱214,000.00 ₱1,091,100.00
₱3,100.00 ₱1,088,000.00
₱15,000.00 ₱1,073,000.00
₱48,000.00 ₱1,025,000.00
₱4,200.00 ₱1,020,800.00

Debit Credit Balance

₱101,600.00 ₱101,600.00

Debit Credit Balance

₱3,100.00 ₱3,100.00

Debit Credit Balance

₱120,000.00 ₱120,000.00

Debit Credit Balance

₱22,300.00 ₱22,300.00
₱7,700.00 ₱7,700.00

Debit Credit Balance

₱27,900.00 ₱27,900.00

Debit Credit Balance

₱70,000.00 ₱70,000.00

Debit Credit Balance

₱15,000.00 ₱15,000.00

Debit Credit Balance

₱27,900.00 ₱27,900.00
₱70,000.00 ₱70,000.00
₱7,700.00 ₱7,700.00
Debit Credit Balance
₱214,000.00 ₱214,000.00

Debit Credit Balance

₱1,000,500.00 ₱1,000,500.00

Debit Credit Balance

₱5,000.00 ₱5,000.00

Debit Credit Balance

₱16,000.00 ₱16,000.00
₱145,000.00 ₱145,000.00

Debit Credit Balance

₱34,000.00 ₱34,000.00

Debit Credit Balance

₱1,500.00 ₱1,500.00

Debit Credit Balance

₱48,000.00 ₱48,000.00

Debit Credit Balance

₱4,200.00 ₱4,200.00
 TRIAL BALANCE

PARTICULARS Ref Debit Credit

Cash 101 ₱1,020,800.00
Account Receivable 102 ₱101,600.00
Office Supplies 103 ₱3,100.00
Repaid Rent 104 ₱120,000.00
Repair Tools 105 ₱30,000.00
Repair Equipment 115 ₱27,900.00
Furniture and Fixture 116 ₱70,000.00
Office Computer 117 ₱15,000.00
Account Payable 201 ₱105,600.00
Notes Payable 205 ₱214,000.00
Padilla, Capital 301 ₱1,000,500.00
Padilla, Withdrawals 302 ₱5,000.00
Service Revenue 401 ₱161,000.00
Advertising Expense 501 ₱34,000.00
Telecommunication Expense 502 ₱1,500.00
Salaries Expense 503 ₱48,000.00
Utilities Expense 504 ₱4,200.00

TOTAL ₱1,481,100.00 ₱1,481,100.00