I.

Chart of Accounts

ACCOUNT ACCOUNT TITLE ACCOUNT

NUMBER TYPE

101 Cash Asset

103 Computer Equipment Asset

105 Furniture and Fixtures Asset

107 Supplies Asset

109 Accounts Receivable Asset

202 Accounts Payable Liability

301 Mr. Ammon, Withdrawals Equity

303 Mr. Ammon, Capital Equity

406 Computer Service Revenue Revenue

505 Salaries Expense Expense

II. General Journal

 General Journal
Date Particulars PR Debit Credit
2021
May 1 Cash 101 ₱50000
Computer Equipment 103 ₱10000
Mr. Ammon, Capital ₱60000
To record initial investment

2 Furniture & Fixtures 105 ₱5000

Cash 101 ₱5000
To record purchase of tables and chairs on
cash

3 Supplies 107 ₱3000

Accounts Payable 202 ₱3000
To record purchase of supplies on account

6 Cash 101 ₱10000

Computer Service Revenue 406 ₱10000
To record cash received for services
rendered

10 Accounts Receivable 109 ₱5000

Computer Service Revenue 406 ₱5000
To record billing of Rhyn Reiko for services
rendered

15 Mr. Ammon, Withdrawals 301 ₱2000

Cash 101 ₱2000
To record owner’s withdrawal

15 Salaries Expense 505 ₱3000

Cash 101 ₱3000
To record payment of salaries

20 Cash 101 ₱2500

Accounts Receivable 109 ₱2500
To record partial payment from Rhyn Reiko

22 Supplies 107 ₱3000

Accounts Payable 202 ₱3000
To record payment for supplies purchased on
account from Kaitlyn Merchandising

30 Salaries Expense 505 ₱3000

Cash 101 ₱3000
To record payment of salaries