Account Entries Debit Credit

Owner Equity 5,000.000.00

Machinery 2,000,000.00
Cash 100,000.00
Bills Receivable 700,000.00
Plant and Building 2,000,000.00
Repair and Maintenance 80,000.00
Stock in Hand 500,000.00
Insurance Charges 544.000.00
Bills Payable 800,000.00
Sales 3,400,000.00
Agent Commission 12,000.00
Phone Charges 70,000.00
Rent 100,000.00
Furniture 200,000.00
Purchases 2,500,000.00
Discount Received 20,000.00
Bank Loan 500,000.00
Salaries 1,000,000.00
General Reserve 10,000.00
Discount Given 100,000.00
Drawings 100,000.00 100,000.00
Bad Debts 44,000.00
Interest Received 50,000.00
Taxes 30,000.00
Total 9,980,000.00 9,980,000.00

Our group (Group 6) Trial Balance displays the accont entries and which of it is part of Debit & Credit.
The Entries part of Debit show what you owe and how much you owe,
Example, You owe 2,000,000.00 PHP cause of the Machinery you have.
Its the same with Credit, It shows the loans, like Owner Equity.

Group 6 Members:

Liam Santos
Aiah Galaez
Sebastian Cordero
Lloyd Bermas
Jayren Manalo