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1
ACCOUNTING TITLES AND EXPLANATION Pr/F

Cash 1010
Furniture 1020
Videoke Machines 1030
A. Domingo, Capital 3010
To record initial investment of the owner

Freight expense/Delivery Charge 5010

Movable Cottage 1040
Cash 1010
To record purchase of Moveable Cottage and Freight expense

Cash 1010
Service income 4010
To record receipt of Cash from Service rendered

Television set 1050

Cash 1010
Accounts Payable - SM Appliance 2011
To record purchase of Television set by providing a downpayment and leaving the balance on account

Accounts receivable - SI 1101

Rent income 4020
To record receipt of Cash from rental services rendered

License expense 5020

Salary expense 5030
Cash 1010
To record license and salary expense

Sound system 1060

Accounts payable - KREI 2012
To record purchase of Sound system on account

Cash 1010
Sales income 4030
To record receipt of Cash from Sales

Bathroom supplies 1070

Cash 1010
To record purchase of bathroom supplies
Cash 1010
Account receivable - SI 1101
To record the half collection of account from SI

Accounts receivable - REM Motors 1102

Rent income 4020
To record rental services rendered on account

Advertising expense 5040

Cash 1010
To record advertising expense

Accounts Payable - SM Appliance store 2011

Cash 1010
To record partial payment on account

Cash 1010
Accounts receivable - REM Motors 1102
To record collection from REM Motors

Cash 1010
Accounts receivable - SI 1101
To record collection of account from SI

Cash 1010
Rent income 4020
Sales income 4030
To record receipt of Cash from Sales and Rental Services rendered

Utilities expense 5050

Cash 1010
To record utilities expenses

Insurance expense 5060

Cash 1010
To record insurance expense

Repair and Maintenance expense 5070

License expense 5020
Tax expense 5080
Cash 1010
To record Repair and Maintenance, Tax, and License expense
A. Domingo, Drawing 3020
Cash 1010
To record withdrawal for personal use

Cash 1010
Sales income 4030
Rent income 4020
To record receipt of Cash from Sales and Rent Sevices rendered

Cash 1010
A. Domingo, Capital 3010
To record additional investment of the owner

Accounts payable - SM Appliance store 2011

Cash 1010
To record payment of account

Land 1080
Building 1090
Cash 1010
Accounts payable - Sta. Rosa Estates 2013
To record purchase of Land and Building by paying the Land in full, and leaving the amount for the Building on account

Cash 1010
Service income/Rent Income 4010
To record receipt of Cash from Services rendered
DEBIT CREDIT

P 800,000.00
150,000.00
65,000.00
1,015,000.00

5,000.00
50,000.00
55,000.00

155,000.00
155,000.00

65,800.00
32,900.00
32,900.00

24,000.00
24,000.00

4,250.00
27,980.00
32,230.00

10,500.00
10,500.00

27,000.00
27,000.00

3,500.00
3,500.00
12,000.00
12,000.00

5,000.00
5,000.00

7,000.00
7,000.00

10,000.00
10,000.00

5,000.00
5,000.00

3,000.00
3,000.00

68,500.00
45,000.00
23,500.00

17,300.00
17,300.00

2,500.00
2,500.00

2,000.00
1,200.00
1,350.00
4,550.00
 1,500.00
1,500.00

45,400.00
30,000.00
15,400.00

200,000.00
200,000.00

22,900.00
22,900.00

26,000.00
7,200.00
26,000.00
7,200.00

115,000.00
115,000.00
 ATLANTIKA Water World, Resort & Restaurant
Chart of Accounts
31-Mar-05
Account No. Account Title Account No. Account Title
1000 ASSETS 4000 INCOME
1010 Cash 4010 Service income
1020 Furnitures 4020 Rent income
1030 Videoke Machines 4030 Sales income
1040 Movable Cottage
1050 Television set 5000 EXPENSE
1060 Sound system 5010 Freight expense/Delivery Charge
1070 Bathroom supplies 5020 License expense
1080 Land 5030 Salary expense
1090 Building 5040 Advertising expense
1101 A/R - SI 5050 Utilities expense
1102 A/R - REM Motors 5060 Insurance expense
5070 Repair and Maintenance expense
2000 LIABILITIES 5080 Tax expense
2011 A/P - SM Appliance store
2012 A/P - KREI
2013 A/P - Sta. Rosa Estates

Account No. Account Title

3000 PROPRIETORSHIP
3010 A. Domingo, Capital
3020 A. Domingo, Drawing