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GENERAL JOURNAL

Date
ACCOUNT TITLES & EXPLANATION PR Debit Credit
2019 
April   2  Cash    P120,000  
      Generales, Capital      P120,000
    To record the initial investment of Generales      
           
  3   Supplies    P1,500  
      Accounts Payable      P1,500
     To record the purchased supplies on account      
           
   4  Bicycles   P25,000   
      Cash      P12,000
      Accounts Payable      P13,000
To record the purchase of bicycles paying on cash and
    pay the remaining balance      
           
   5  Container    P29,000  
      Cash      P29,000
    To record the purchase of furnished container to store      
           
   6  Cash    P4,700  
      Rental Revenues      P4,700
    To record rental revenues in first week operation      
           
   8 Container     P4,000  
      Cash      P4,000
     To record shipping and installation cost      
           
9 No Entry

  10 Maintenance Expense    P750  

      Cash      P750
     To record maintenance expense      
           
13 Cash  P5,000  
    Rental Revenues       P5,000
    To record rental revenues  in second week operation      
           
  16  Wages Expense    P480  
      Cash      P480
    To record the payment for the assistant      
           
  17 Accounts Payable    P1,500  
      Cash      P1,500
     To record the payment of supplies on April 3      
           
  18 Repair Expense    P550  
      Cash      P550
    To record repair expense      
            
  20 Cash    P5,500  
Rental Revenues P5,500
To record rental revenues during third week operation

22 Wages Expense P480

Cash P480
To record the payment for the assistant

23 Accounts receivable P1,100

Rental Revenues P1,100
To record billed rental revenues

25 Concession Fee Expense P3,000

Cash P3,000
To record the payment for the bicycle concession

27 Cash P4,100
Rental Revenues P4,100
To record rental revenues during this week

29 Wages Expense P480

Cash P480
To record the payment for the assistant

30 Generales, Withdrawals P5,000

Cash P5,000
To record the withdrawals of Generales

POSTING TRANSACTIONS IN T-ACCOUNTS

CASH
Date Debit Date Credit
April 2 P120,000 April 4 P12,000
April 6  P4,700 April 5 P29,000
April 13 P5,000 April 8 P4,000
April 20 P5,500 April 10 P750
April 27 P4,100 April 16 P480
April 17 P1,500
April 18 P550
April 22 P480
April 25 P3,000
April 29 P480
April 30 P5,000
P139, 300 P57,240
P82,060

ACCOUNTS RECEIVABLE
Date Debit Date Credit
April 23 P1,100
P1,100

SUPPLIES
Date Debit Date Credit
April 3  P1,500
P1,500

CONTAINERS
Date Debit Date Credit
April 5 P29,000
April 8 P4,000
P33,000

BICYCLES
Date Debit Date Credit
April 4 P25,000
P25,000

ACCOUNTS PAYABLE
Date Debit Date Credit
April 17 P1,500 April 3 P1,500
April 4 P13,000
P1,500 P14,500
P13,000

GENERALES, CAPITAL
Date Debit Date Credit
April 2  P120,000
P120,000

GENERALES, WITHDRAWALS
Date Debit Date Credit
April 30 P5,000
P5,000

RENTAL REVENUES
Date Debit Date Credit
April 6  P4,700
April 13 P5,000
April 20 P5,500
April 23 P1,100
April 27 P4,100
P20,400

WAGES EXPENSE
Date Debit Date Credit
April 16 P480
April 22 P480
April 29 P480
P1,440

MAINTENANCE EXPENSE
 Date Amount Date Amount
April 10 P750
P750

REPAIR EXPENSE
Date Debit Date Credit
April 18 P550
P550

CONCESSION FEE EXPENSE

Date Debit Date Credit
April 25 P3,000
P3,000

TRIAL BALANCE

LEONILA GENERALES
TRIAL BALANCE
April 30, 2019

ACCOUNT TITLE DEBIT CREDIT

Cash 82,060
Accounts Receivable 1,100
Supplies 1,500
Container 33,000
Bicycles 25,000
Accounts Payable 13,000
Generales, Capital 120,000
Generales, Withdrawals 5,000
Rental Revenues 20,400
Wages Expense 1,440
Maintenance Expense 750
Repair Expense 550
Concession Fee Expense 3,000
P153,400 P153,400

GROUP 5:

Kathy Casilag

Katherine Miranda

Lady Mercy Doloso

Kyle Heaven Miranda

Ulynz Artman Depol