Date Particular REF Debit Credit

July 1 Cash 101 1 8 0 0 0 0 0 00

Jessie Halverson, Capital 301 1 8 0 0 0 0 0 00
Transfer cash from personal bank
account to an account

4 Rent Expense 540 1 7 5 0 0 00

Cash 101 1 7 5 0 0 00
Paid Rent

10 Truck 150 8 0 0 0 0 0 00
Cash 101 4 0 0 0 0 0 00
Accounts Payable 201 4 0 0 0 0 0 00
Purchase a truck for cash and note
payable

13 Equipment 130 7 0 0 0 0 00
Accounts Payable 201 7 0 0 0 0 00
Purchase Equipment on account

14 Office Supplies 115 1 2 0 0 00

Cash 101 1 2 0 0 00
Purchase supplies for cash

15 Prepaid Insurance 120 2 7 0 0 0 00

Cash 101 2 7 0 0 0 00

Paid Annual premium on Insurance

15 Cash 101 1 0 5 0 0 0 00
Fees Earned 400 1 0 5 0 0 0 00
Received Cash for Job completed

21 Accounts Payable 201 2 5 0 0 0 00

Cash 101 2 5 0 0 0 00
Paid creditor a portion amount owed
for equipment

24 Accounts Receivable 105 1 4 6 0 0 0 00

Fees Earned 400 1 4 6 0 0 0 00
Record jobs completed and sent invoices

26 Repair and Maintenance 550 8 0 0 0 00

 Accounts Payable 201 8 0 0 0 00
Received an invoice for truck repairs

27 Utilities Expense 505 9 0 0 0 00

Cash 101 9 0 0 0 00
Paid Utilities Expense

27 Miscellaneous Expense 560 3 0 0 0 00

Cash 101 3 0 0 0 00
Paid Miscellaneous Expense

29 Cash 101 3 6 0 0 0 00
Accounts Receivable 105 3 6 0 0 0 00
Received cash from consumer on
account

30 Salaries Expense 515 2 4 0 0 0 00

Cash 101 2 4 0 0 0 00
Paid Salaries

31 Jessie Halverson, Drawings 302 2 0 0 0 0 00

Cash 101 2 0 0 0 0 00
Withdrew cash for personal use

31 Depreciation Expense 520 3 3 3 3 33

Accumulated Depreciation- Truck 155 3 3 3 3 33
Truck has a useful life of 20 years

31 Depreciation Expense 520 5 8 3 33

Accumulated Depreciation - Equipment 135 5 8 3 33
Equipment has a useful life of 10 years

31 Supplies Expense 510 7 5 0 00

Office Supplies 115 7 5 0 00
Supplies used for the month is ₱750

31 Insurance Expense 530 2 2 5 0 00

Prepaid Insurance 120 2 2 5 0 00
Paid annual insurance