Journal Entries

DATE ACCOUNTS TITTLES AND EXPLANATION PR

July
1 Cash
Mangubat capital
To record initial investment
2 Prepaid Rent Expense
Cash
To record advance payment for rent
3 Taxes and Licenses
Cash
To record payment for taxes and licenses
4 Gardening Supplies
Accounts Payable
To record purchase of gardening supplies
5 Seeds Supplies Inventory
Cash
To record purchase of gardening supplies
7 Accounts Receivable
Gardening Service Income
To record service income
10 Accounts Payable
Cash
To record partial payment for an account on July 4
13 Cash
Gardening Service Income
To record service income
14 Cash
Account Receivable
To record payment collected services rendered on July 4
15 Salaries
Cash
To record payment of Salaries
20 Cash
Unearned income
To record unearned income
23 Utilities Expense
Cash
To record utilities expense
27 Advertising Expense
Cash
To record Advertising Expense
31 Salaries and wages Expense
Cash
To record payment Salary
31 Mangubat, Drawing
Cash
To record Mangubat,Drawing
DEBIT CREDIT

50,000
50,000

3,000
3,000

4,200
4,200

5,500
5,500

500
500

10,500
10,500

3,000
3,000

8,000
8,000

9,000
9,000

3,500
3,500

6,000
6,000

2,200
2,200

800
800

3,500
3,500

3,500
3,500