1

Chart of Accounts

100 Asset 400 Revenue

101 Cash 401 Service Income

102 Accounts Receivable
103 Supplies
104 Furniture
105 Equipment

200 Liability 500 Expenses

201 Accounts Payable 501 Salaries Expense
502 Tax Expense
503 Rent Expense
504 Electricity Expense
300 Owner’s Capital
301 Alexa, Capital
302 Alexa_, Drawing

Business Transactions:

Mar 1, 2015- Owner invested cash for a shoe repair shop named Fly High Butterfly
Company _, P 170,000.
Mar 4, 2015-Purchased repair supplies from Arbasto Co. P 12,000.
Mar 6, 2015-Purchased furniture on account from KCC Appliance, P 25,000.
Mar 12, 2015-Paid rent to Batiancila Rent Company P 6,000.
Mar 15, 2015-Performed service to customer worth, received P 15,000.
Mar 18, 2015-Billed to customer worth P 4,500 for the services rendered.
Mar 20, 2015-Paid electricity bill, P 10,000.
Mar 23, 2015-Paid business permit to BIR P 5,600.
Mar 28, 2015-Collected P 3,200 from customer for the bill made last Mar. 18, 2015.
Mar 29, 2015-Withdrew P 700 for personal use.
Mar 30, 2015- Paid half payment to KCC Appliance.

Instructions: Read and analyze the above transactions. Use the accounting forms provided.
Prepare the following:
A. Journalizing
B. Posting
C. Trial Balance
D. Statement of Performance

Note: Create your company’s service name. a ledger if needed.

Page 1 of 9
 NOTRE DAME OF DADIANGAS UNIVERSITY
Integrated Basic Education
Junior High School
Lagao, General Santos City

J1
DATE PARTICULAR FOLIO DEBIT CREDIT
2015 Cash 101 ₱170,000
March 1 Alexa, Capital 301 ₱170,000
Investment of cash
#

March 4 Supplies 103 12,000

Cash 101 12,000
Purchased repair supplies.
#

March 6 Furniture 104 25,000

Accounts Payable 201 25,000
Purchased furniture on account.
#

March 12 Rent Expense 503 6,000

Cash 101 6,000
Paid rent expense
#

March 15 Cash 101 15,000

Service Revenue 401 15,000
Performed service to costumer and
receive payment.
#

March 18 Accounts Receivable 102 4,500

Service Revenue 401 4,500
Billed to customers for the service
rendered.
#

March 20 Electricity Expense 504 10,000

Cash 101 10,000
Paid electricity expense
#

March 23 Tax Expense 502 5,600

Cash 101 5,600
Paid business permit to BIR.
#

March 28 Cash 101 3,200

Accounts Receivable 102 3,200
Collected from customer for the bill
made last Mar. 18, 2015.
#

March 29 Alexa, Drawing

Cash 302 700
Withdraw for personal use. 101 700
Page 2 of 9
 J2
#
DATE PARTICULAR FOLIO DEBIT CREDIT
Accounts Payable 201 ₱12,500
101 ₱12,500
Cash
March 30
Paid half payment to KCC
Appliance.
#

NOTRE DAME OF DADIANGAS UNIVERSITY

Integrated Basic Education
Junior High School
Lagao, General Santos City

CASH NO. 101

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Investment of cash J1 ₱ 170,000
1
March Purchased repair J1 ₱ 12,000 ₱ 158,000
4 supplies.
March Paid rent expense J1 6,000 152,000
12
March Performed service to J1 15,000 167,000
15 costumer and receive
payment.
March Paid electricity expense J1 10,000 157,000
20
March Paid business permit to J1 5,600 151,400
23 BIR.
March Collected from J1 3,200 154,600
28 customer for the bill
made last Mar. 18, 2015.
March Withdraw for personal J1 700 153,900
29 use.
March Paid half payment to J2 12,500 141,400
30 KCC Appliance.
TOTAL ₱ 141,400

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 ACCOUNTS RECEIVABLE NO. 102

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Billed to customers for J1 ₱ 4,500 ₱ 4,500
18 the service rendered.
March Collected from J1 ₱ 3,200 1,300
28 customer for the bill
made last Mar. 18,
2015.
TOTAL ₱ 1,300

SUPPLIES NO. 103

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Purchased repair J1 ₱ 12,000 ₱ 12,000
4 supplies.
TOTAL ₱ 12,000

FURNITURE NO. 104

BALANCE
Date Particular Ref
2015 DEBIT CREDIT
March Purchased furniture on J1 ₱ 25,000 ₱ 25,000
6 account
TOTAL ₱ 25,000

ACCOUNTS PAYABLE NO. 201

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Purchased furniture on J1 ₱ 25,000 ₱ 25,000
6 account
March Paid half payment to J2 ₱ 12,500 12,500
30 KCC Appliance.
TOTAL ₱ 12,500

Page 4 of 9
 Alexa, CAPITAL NO. 301

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Investment of cash J1 ₱ 170,000 ₱ 170,000
1
TOTAL ₱ 170,000

Alexa, DRAWING NO. 302

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Withdraw for personal J1 ₱ 700 ₱ 700
29 use.
TOTAL ₱ 700

SERVICE INCOME NO. 401

Date Particular Ref DEBIT CREDIT BALANCE

2015
March Performed service to J1 ₱ 15,000 ₱15,000
15 costumer and receive
payment.
March Billed to customers J1 4,500 19,500
18 for the service
rendered.
TOTAL ₱ 19,500

RENT EXPENSE NO. 503

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Paid rent expense J1 ₱ 6,000 ₱ 6,000
12
TOTAL ₱ 6,000

Page 5 of 9
 TAX EXPENSE NO. 502

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Paid business permit to J1 ₱ 5,600 ₱ 5,600
23 BIR.
TOTAL ₱ 5,600

ELECTRICITY EXPENSE NO. 504

Date Particular Ref BALANCE

2015 DEBIT CREDIT
March Paid electricity expense J1 ₱ 10,000 ₱ 10,000
20
TOTAL ₱ 10,000

Fly High Butterfly Company

Trial Balance

March 31, 2015

ACCOUNT TITLE DEBIT CREDIT

₱ 141,400
Cash
1,300
Account Receivable
12,000
Supplies
25,000
Furniture
₱ 12,500
Accounts Payable
170,000
Alexa, Capital
700
Alexa, Drawing
19,500
Service Income
5,600
Tax Expense
6,000
Rent Expense
10,000
Electricity Expense

TOTAL ₱ 202,000 ₱ 202,000

Page 6 of 9
 Fly High Butterfly Company

Statement Of Performance

March 31, 2015

Service Income ₱ 19,500

Less: Expense

Tax Expense ₱ 5,600

Rent Expense 6,000

Electricity Expense 10,000

21,600
Net Loss ( ₱ 2,100)

Prepared by:

GROUP 1

Leader: Alcazarin, Daphnie Ashley

Members:

Batonginog, Xian Daniel - 3

Miranda, Klient Anthony - 2

Pagayao, Dwayne Japsen - 2

Cirera, Angelica – 2

Pacete, Ashley - 3

Rebucas, Krishna - 2

WRencio, Jodi Adylene - 2

Page 7 of 9
Panata Bilang isang mamayan para sa kaunlaran

Ako’y namamanata bilang isang mamayang pilipino at

mag aaral na kailangan nating mag aaral ng mabuti
upang maging handa sa hinaharap upang sa pag dating
ng panahon ay makatutulong tayo sa pag unlad ng
ating bansa. Kailangan din nating maging matatag sa
mga hamon na ibinibigay ng lipunan tungo sa
pagkamit ng mga mithiin at sa mga pangarap sa
buhay. Kailangan din nating alamin at Isa buhay ang
mga tungkulin at karapatan bilang isang kasapi ng
lipunan.

At nangangako akong gagamitin sa maayos na paraan

ang pinagkukunang yaman. Sa pamamagitan ng
pagtatanim ng mga halamang puno, pagtulong sa mga
gawaing makapagaayos at makapapaganda ng
kapaligiran at kalikasan makatulong upang maging
maayos ang lipunang ginagalawan.

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