General LEDGER

Page Number GL-1

WRITE "0" If the balance is zero.

ACCOUNT 101 CASH

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT

1-Jun ABM store initial in investment (F) GJ 1 Php 200,00 Php 200,000
2 Purchase of equipment (I) GJ 1 Php 40,000 160,000
5 Purchase of supplies (O) GJ 1 2,000 158,000
7 Payment for freight out (O) GJ 1 300 157,700
10 Full payment for ABC supply (O) GJ 1 83,202 74,498
11 Received collection from merchandise (O) GJ 1 53,900 128,398
13 Purchase of merchandise (O) GJ 1 64,000 64,398
15 Payment for helper salary (O) GJ 1 2,000 62,398
17 Borrowed money from Land Bank (F) GJ 1 25,000 87,398
18 Refund from a supplier (O) GJ 1 500 87,898
20 Payment for freight in (O) GJ 2 600 87,298
22 Sold merchandise (O) GJ 2 68,500 155,798
24 Purchase of merchandise (O) GJ 2 11,300 144,498
26 Partial Payment to M&M supply (O) GJ 2 12,500 131,998
28 ABM store withdrawals (F) GJ 2 3,000 128,998
29 Sales returns from customer (O) GJ 2 350 128,648
30 Payment of expenses (O) GJ 2 8,300 120,348

ACCOUNT 105 ACCOUNTS RECEIVABLE

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT

6-Jun Sales merchandise on account GJ 1 Php 55000 Php 55000

11 Received collection from merchandise GJ 1 Php 55,000 0
30 Sold merchandise on account GJ2 58,600 58,600

ACCOUNT 115 MERCHANDISE INVENTORY

DATE ITEM POST DEBIT CREDIT BALANCE
DEBIT CREDIT

30-Jun Merchandise inventory GJ 2 Php 24,000 Php 24,000

ACCOUNT 120 SUPPLIES

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT

5-Jun Purchase of supplies GJ 1 Php 2,000 Php 2,000

 ACCOUNT 120 EQUIPMENT
BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT