Date Explanation Debit Credit Balance

2020

Sep. 1 Mr. Sha’s cash deposit under P300,000 P300,000

Sha Warm A Spa

Sep. 3 Paid rent for the month to P20,000 P280,000

Shaitzu Realty in cash.

Sep. 5 Service fee from Mrs. Swedish P15,000 P295,000

Sep. 8 Received cash from Mrs. P50,000 P345,000

Ventoza for a spa party.

Sep. 9 Salaries expense for two weeks P4,800 P340,200

Sep. 15 Mr. Sha, drawing for personal P5,000 P335,200

use.

Sep. 26 Utility expense paid in cash P850 P334,350

Sep. 27 Paid laundry services in cash P600 P333,750

Sep. 29 Purchased spa equipment in P12,000 P321,750

cash

General Ledger

Account: S, Capital

Date Explanation Debit Credit Balance

2020

Sep. 1 Mr. Sha’s capital under the P300,000 P300,000

name of Sha Warm A Spa

Account: Rent Expense

Date Explanation Debit Credit Balance

2020

Sep. 3 Paid rent expense for the P20,000 P20,000

month to Shaitzu Realty.
Account: Accounts Receivable

Date Explanation Debit Credit Balance

2020

Sep. 22 Sent bill to Mr. Stone for P2,000 P2,000

spa services rendered

Account: Service Revenue

Date Explanation Debit Credit Balance

2020

Sep. 5 Received check from Mrs. P15,000

Swedish for spa services
rendered.

Sep. 8 Service rendered to Mrs. P50,000

Ventoza for spa party held
yesterday.

Sep. 22 Service rendered to Mr. Stone. P2,000 P67,000

Account: Salaries Expense

Date Explanation Debit Credit Balance

2020

Sep. 9 Paid attendant’s salaries for P4,800 P4,800

two weeks.

Account: Spa Supplies

Date Explanation Debit Credit Balance

2020
 Sep. 14 Bought spa supplies from P3,000 P3,000
Super Spa on account.

Account: Accounts Payable

Date Explanation Debit Credit Balance

2020

Sep. 14 Account payables for spa P3,000 P3,000

supplies bought from Super
Spa on account.

Account: S, Withdraw

Date Explanation Debit Credit Balance

2020

Sep. 15 Mr. Sha withdrew for P5,000 P5,000

personal use.

Account: Utilities Expense

Date Explanation Debit Credit Balance

2020

Sep. 26 Paid water district water bill P850 P850

Account: Laundry Expense

Date Explanation Debit Credit Balance

2020

Sep. 27 Paid Mr. Clean for laundry P600 P600

services.

Account: Spa Equipment

Date Explanation Debit Credit Balance

2020

Sep. 29 Purchased spa equipment. P12,000 P12,000