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  • Ab Photo Arts Genjour Amg

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    Alyssa Genobatin
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    The document records transactions from October 1-31, 2020 for AB Photo Arts' general journal. It includes the owner's initial capital investment of PHP 300,000, purchases of equipment and supplies, service income earned, withdrawals by the owner, and payment of salaries and accounts payable. The journal entries record increases and decreases to various asset, liability, capital, revenue, and expense accounts.

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    AB PHOTO ARTS GENJOUR AMG

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    The document records transactions from October 1-31, 2020 for AB Photo Arts' general journal. It includes the owner's initial capital investment of PHP 300,000, purchases of equipment and supplies, service income earned, withdrawals by the owner, and payment of salaries and accounts payable. The journal entries record increases and decreases to various asset, liability, capital, revenue, and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    8 views1 page

    Ab Photo Arts Genjour Amg

    Uploaded by

    Alyssa Genobatin
    The document records transactions from October 1-31, 2020 for AB Photo Arts' general journal. It includes the owner's initial capital investment of PHP 300,000, purchases of equipment and supplies, service income earned, withdrawals by the owner, and payment of salaries and accounts payable. The journal entries record increases and decreases to various asset, liability, capital, revenue, and expense accounts.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Alyssa Mae A.

    Genobatin 11 – ABM|OLF

    GENERAL JOURNAL

    AB PHOTO ARTS

    DATE PARTICULAR/ACCOUNT TITLE FOILIO DEBIT CREDIT


    Oct 1,2020 Cash 101 300,000
    AB, Capital 301 300,000
    *To record owner’s investment
    Oct 5,2020 Rent Expense 420 1,200
    Cash 101 1,200
    *To record monthly rent
    Oct 8,2020 Equipment 115 220,000
    Cash 101 220,000
    *To record equipment purchased
    Oct 11,2020 Supplies 110 18,000
    Accounts Payables 210 18,000
    *To record purchased supplies
    Oct 15,2020 Equipment 115 45,000
    Accounts Payables 210 45,000
    *To record purchased equipment
    Oct 16,2020 Cash 101 25,000
    Service Revenue 405 25,000
    *To record service income
    Oct 18,2020 Equipment 115 30,000
    AB, Capital 301 30,000
    *To record invested equipment
    Oct 20,2020 AB, Drawing 310 12,000
    Cash 101 12,000
    *To record owner’s withdrawal
    Oct 23,2020 Accounts Payables 210 30,000
    Cash 101 30,000
    *To record initial account payable
    Oct 24,2020 Accounts Receivable 102 12,000
    Service Revenue 405 12,000
    *To record unearned income from Wedding
    shoot
    Oct 30,2020 Salaries Expenses 456 6,000
    Cash 101 6,000
    *To record payment of salary
    Oct 31,2020 Supplies 110 4,000
    Cash 101 4,000
    *To record monthly supplies

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