General LEDGER

Page Number GL-2

WRITE "0" If the balance is zero.
ACCOUNT 130 EQUIPMENT
BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
2-Jun Purchase of equipment GJ 1 Php 40,000 Php 40,000

ACCOUNT 201 ACCOUNTS PAYABLE

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
4-Jun Purchase merchandise in account GJ 1 Php 85,400 Php 85,400
9 Merchandise returned on account GJ 1 Php 500 Php 84,900
10 Full payment of ABC supply GJ 1 84,900 0
19 Purchase of merchandise on account GJ 2 42,500 42,500
26 Partial payment to M&M supply GJ 2 12,500 30,000

ACCOUNT 203 NOTES PAYABLE

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
17-Jun Borrowed money from Land Bank GJ 2 Php 25,000 Php 25,000

ACCOUNT 301 ABM'S CAPITAL

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
1-Jun ABM Store Investment GJ 1 Php 200,000 Php 200,000

ACCOUNT 302 ABM'S DRAWINGS

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
28-Jun ABM Store Withdrawals GJ 2 Php 3,000 Php 3,000
30 Closing Entry GJ 3 Php 3,000 0

ACCOUNT 401 SALES

BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT
6-Jun Sales merchandise on account GJ 1 Php 55,000 Php 55,000
22 Sales merchandise on account GJ 2 68,500 123,500
30 Sales merchandise on account GJ 2 58,600 182,100
30 Closing Entry GJ 3 Php 182,100 0
 ACCOUNT 120 EQUIPMENT
BALANCE
DATE ITEM POST DEBIT CREDIT
DEBIT CREDIT