Journalizing of Transaction

2011 May Debit Credit

2 Rent Expense 12,000
Cash on Hand
Paid the rental fee for , P1
12,000

14 Office Supplies 6,400

Bought office supplies worth
Cash on Hand 4,480
Accounts payable 1,920

23 Accounts Payable 1,920

Paid the balance of the m
Cash on Hand 1,920

31 Office Supplies 2,100

Bought more
Cash on hand 2,100
Aug
4 Cash on Hand 100,000
GHI's Capital 100,000
Initial Cash Investme

7 Business Permit 4,250

The Business perm
Cash on hand 4,250

8 Rental expenses 27,000

Rental For Three month
Cash on Hand 27,000

12 Furnitures & Fixtures 21,840 Various tables, chairs a

Cash on Hand 21,840

17 Office Equipment 17,802

Office equipments valued at
Cash on Hand 17,802

Legal Services rendered

19 Accounts Receivable 24,190
Service income 24,190

22 Cash on Hand 2,340

Writing materials and
Accounts Payable 2,340

23 Accounts Payable 11,868

Cash on Hand 11,868 One- Half of the unp
26 Account Receivable 11,720
Some Clients were billed at 1
Service Rendered 11,720

31 Cash on hand 35,000

A total of P 35,000 was rec
Retainer's Fee 35,000
d the rental fee for , P12,000

ght office supplies worth P 6,400 with 70% downpayment

the balance of the may 14 account

Bought more office supplies for 2,100

Initial Cash Investment Of Atty. GHI was P 100,000

The Business permit was obtained for P 4,250.

ntal For Three months was paid in advance for P 27,000

arious tables, chairs and cabinets were purchased for P 21,840

equipments valued at P29,670 were acquired with 60% downpayment

egal Services rendered to various clients amounted to P 24,190

Writing materials and other supplies were bought for 3, 670

One- Half of the unpaid accounts on August 17 was settled

Clients were billed at 11,720 for unpaid legal services rendered them

al of P 35,000 was received as retainer's free from business clients

 A

CASH
2011
Aug 4
22
31

Accoun
2011
Aug 19
26

Offi
2011
May 14
31
 Furnitu
2011
Aug 12

Office
2011
Aug 17
 ASSETS LIABIL

CASH ON HAND ACCOUNTS

Php 2021 Php
100,000 May 2 12,000 2011
2,340 14 4,480 May 23
35,000 23 1,920 Aug 23
137,340 31 2,100
Aug 7 4,250
8 27,000
12 21,840
137,340 17 17,802
-103,260 23 11,868
34,080 103,260

Accounts Receivable

24,190
11,720
35,910

Office Supplies

6,400
2,100
8,500
Furnitures & Fixtures

21,840

Office Equipment

17,802
 LIABILITIES CAPITAL

ACCOUNTS PAYABLE
GHI'S CAPITAL
2011
1,920 May 14 1,920
11,868 Aug 22 2,340
13,788 4,260

13,788
-4,260
9,528
RENT EXPENSE

2011
May 2
Aug 8

BUSINESS PERMIT
2011
Aug 7

SERVICE INCOME

SERVICE RENDERED
RETAINER'S FEE
 Trial Balance- It is the Equality of

GHI'S SARI-SA
CAPITAL PRELIMINARY TRI
For the Month of May e

ACCOUNT TITLES
GHI'S CAPITAL
CASH ON HAND
2011 ACCOUNT RECEIVABLE
Aug 4 100,000 OFFICE SUPPLIES
FURNITURES & FIXTURES
OFFICE EQUIPMENT
ACCOUNTS PAYABLE
GHI'S CAPITAL
RENT EXPENSE
RENT EXPENSE
BUSINESS PERMIT
SERVICE INCOME
12,000 SERVICE RENDERED
27,000 RETAINER'S FEE
39,000

BUSINESS PERMIT

4,250

SERVICE INCOME

2011
Aug 19 24,190

SERVICE RENDERED
2011
Aug 26 11,720
RETAINER'S FEE
2011
Aug 31 35,000
s the Equality of the Debit and the Credit

Ser Tinry ko po sa papel yong sagot ko parehas po s

GHI'S SARI-SARI STORE
PRELIMINARY TRIAL BALANCE
For the Month of May ended Aug 31,2011

DEBIT CREDIT
34,080
35,910
8,500
21,840
17,802
9,528
100,000
39,000
4,250
24, 190
11,720
35,000
170,910 170,910
papel yong sagot ko parehas po silang 170,910, Pagdating po sa excel ser hindi po sila balance ilang ulit na po ako pero magkaiba po talag
o ako pero magkaiba po talaga ng sagot.