T AC

JANUARY
CASH ACCOUNTS RECEIVABLE
DR CR DR
2 200,000 16,000 3 11 12,500
11 12,500 30,000 5
20 10,000 15,000 25
5,000 28

156,500 2,500

ACCOUNTS PAYABLE NOTES PAYABLE

DR CR DR
15,000 16 25 15,000

15,000

GARCIA, DRAWINGS SERVICE INCOME

DR CR DR
28 5,000

5,000

SUPPLIES EXPENSE UTILITIES EXPENSE

DR CR DR
30 5,000 31 5,000

5,000 5,000
 GARCIA INTERIOR COMPANY
TRIAL BALANCE
January 31, 20_

Acct. No. Account Titles Debit

101 Cash 156,500
102 Accounts Receivables 2,500
103 Materials and Supplies 10,000
201 Equipment 60,000
301 Accounts Payable
401 Notes Payable
402 Utilities Payable
501 Garcia, Capital
502 Garcia, Drawings 5,000
601 Service Income
701 Advertising Expense 6,000
702 Rent Expense 10,000
704 Supplies Expense 5,000
705 Utilities Expense 5,000
TOTALS 260,000
 T ACCOUNTS

ACCOUNTS RECEIVABLE MATERIALS AND SUPPLIES

CR DR CR
16 15,000 5,000 C 5
10,000 20

10,000

NOTES PAYABLE UTILITIES PAYABLE

CR DR CR
30,000 5 5,000 31

15,000 5,000

SERVICE INCOME ADVERTISING EXPENSE

CR DR CR
25,000 11 3 6,000 3

25,000 6,000

UTILITIES EXPENSE
CR
R COMPANY
ANCE
, 20_

Credit

15,000
15,000
5,000
200,000

25,000

260,000
 EQUIPMENT DATE
DR CR
60,000 Jan. 2
3
5
11
20
25
60,000 28

GARCIA, CAPITAL DATE

DR CR
200,000 2 Jan. 11
20

M
DATE
200,000
Jan. 16
30
RENT EXPENSE
DR CR
10,000
DATE

Jan. 5

10,000
DATE

Jan. 16

DATE

Jan. 5
25

DATE
Jan. 31
 GENERAL LEDGER
CASH
EXPLANATIONS REF DEBIT CREDIT

Investment by Garcia 200,000

Rent and Advertising Expense 16,000
Payment for Equipment 30,000
Collection from Customers 12,500
Cash received from Customers 10,000
Payment for First Installment 15,000
Personal Drawing of Garcia 5,000

ACCOUNTS RECEIVABLE
EXPLANATIONS REF DEBIT CREDIT

Service to Customers 12,500

Collected from Customers 10,000

MATERIALS AND SUPPLIES

EXPLANATIONS REF DEBIT CREDIT

Purchased Materials and Supplies 15,000

Used Materials and Supplies 5,000

EQUIPMENT
EXPLANATIONS REF DEBIT CREDIT

Aquistion of Equipment 60,000

ACCOUNTS PAYABLE
EXPLANATIONS REF DEBIT CREDIT

Purchased Materials and Supplies 15,000

NOTES PAYABLE
EXPLANATIONS REF DEBIT CREDIT

Aquistion of Equipment 30,000

Payment for First Installment 15,000

UTILITIES PAYABLE
EXPLANATIONS REF DEBIT CREDIT
Received bills from PLDT and Meralco 5,000
 ACCOUNT NO.101 GARCIA, CAPIT
BALANCE DATE
DEBIT CREDIT
200,000 Jan. 2
184,000
154,000
166,500 GARCIA, DRAWI
176,500 DATE
161,500
156,500 Jan. 28

ACCOUNT NO.102 SERVICE INCOM

BALANCE DATE
DEBIT CREDIT
12,500 Jan. 11
2,500

ADVERTISING EXP
ACCOUNT NO.103 DATE
BALANCE
DEBIT CREDIT Jan. 3
15,000
10,000
RENTEXPENS
DATE
ACCOUNT NO.201
BALANCE Jan. 3
DEBIT CREDIT
60,000
SUPPLIES EXPEN
DATE
ACCOUNT NO.301
BALANCE Jan. 30
DEBIT CREDIT
15,000
SUPPLIES EXPEN
DATE
ACCOUNT NO.401
BALANCE Jan. 31
DEBIT CREDIT
30,000
15,000

ACCOUNT NO.402
BALANCE
DEBIT CREDIT
5,000
 GENERAL LEDGER
GARCIA, CAPITAL
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Investment by Garcia 200,000

GARCIA, DRAWINGS
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Personal Drawing of Garcia 5,000 5,000

SERVICE INCOME
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Billed Customers to Service Provided 25,000

ADVERTISING EXPENSE
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Paid for Advertising Expense 6,000 6,000

RENTEXPENSE
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Paid for Rent Expense 10,000 10,000

SUPPLIES EXPENSE
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Used Materials and Supplies 5,000 5,000

SUPPLIES EXPENSE
EXPLANATIONS REF DEBIT CREDIT BALANCE
DEBIT
Received bills from PLDT and Meralco 5,000 5,000
 ACCOUNT NO.501
BALANCE
CREDIT
200,000

ACCOUNT NO.502
BALANCE
CREDIT

ACCOUNT NO.601
BALANCE
CREDIT
25,000

ACCOUNT NO.701
BALANCE
CREDIT

ACCOUNT NO.702
BALANCE
CREDIT

ACCOUNT NO.704
BALANCE
CREDIT

ACCOUNT NO.705
BALANCE
CREDIT