DATE DESCRIPTION REF DEBIT CREDIT

#
July 9 Cash 101 P 800,000
Capital, eSCAPEPLANt 301 P 800,00
To record eSCAPEPLANt Capital
10 Rent Expense 501 P 21,000
Cash 101 P 21,000
To record payment of rent
12 Prepaid Insurance 103 P 15,000
Cash 101 P 15,000
To record payment of insurance
14 Equipment 104 P 125,000
Cash 101 P 125,000
To record purchase of equipment on
cash
15 Advertising Expense 502 P 12,000
Cash 101 P 12,000
To record payment of advertising
17 Furnitures and Fixtures 105 P 100,000
Cash 101 P 100,000
To record acquired furnitures and
fixtures
19 Cash 101 P 50,000
Service Revenue 401 P 50,000
To record cash received from K. Tobio
for services rendered
21 Accounts Receivable 102 P 44,000
Service Revenue 401 P 44,000
To record cash received from H.
Varasefor services rendered on account
22 Equipment 104 P 10,000
Accounts Payable 201 P 10,000
To record additional equipment
purchased on account
23 Cash 101 P 55,000
Service Revenue 401 P 55,000
To record cash received from T.
Oikawa for services rendered
24 Accounts Payable 201 P 10,000
Cash 101 P 10,000
To record the cancellation of
obligation on July 22
26 Cash 101 P 60,000
Service Revenue 401 P 60,000
To record cash received from M. K for
services rendered
28 Salaries Expense 503 P 17,000
Cash 101 P 17,000
To record payment of utilities
 29 Utilities Expense 504 P 3,000
Cash 101 P 3,000
To record payment of utilities
30 Cash 101 P 65,000
Service Revenue 401 P 65,000
To record cash received from S. Hinata
for services rendered

Cash
Debit Credit
Jul9- P800,000 Jul10-P21,000
Jul19-P50,000 Jul12- P15,000
Jul23-P55,000 Jul14- P125,000
Jul30-P65,000 Jul15- P12,000
P1,030,000
-----------------
- P330,000

P700,000 Jul17-P100,000
--------------
--------------
Jul24-P10,000
Jul26-P60,000
Jul28-P17,000
Jul29- P30,000
-----------------------
P330,000
----------------------

Capital

Debit Credit
Jul9- P800,000
---------------------
---------------------

Rent Expense

Debit Credit
Jul10- P21,000
_____________
-----------------------
Prepaid Insurance

Debit Credit
Jul12- P15,000
_____________
-----------------------

Advertising Expense

Debit Credit
Jul15-P12,000
_____________
----------------------

Furnitures and Fixtures

Debit Credit
Jul17- P100,000
_____________
-----------------------

Accounts Receivable

Debit Credit
Jul21- P44,000
_____________
-----------------------

Salaries Expense

Debit Credit
Jul28- P17,000
_____________
-----------------------

Utilities Expense

Debit Credit
Jul29-P3,000
_____________
-----------------------

Accounts Payable

Debit Credit
Jul24-P10,000 Jul22-P10,000
- P10,000 -------------------
P0
_____________
-----------------------

Equipment

Debit Credit
Jul14- P125,000
Jul22- P10,000
----------------------
P135,000
_____________
-----------------------

Service Revenue

Debit Credit
Jul19- P50,000
Jul21- P44,000
Jul26- P60,000
Jul30- P65,000
------------------------

P274,000
---------------
---------------
Account Title Debit Credit
Cash P 727,000
A/R P 44,000
Prepaid Insurance P 15,000
Equipment P 135,000
F and F P 100,000
A/P 0
Capital P 800,000
Service Revenue P 274,000
Rent Expense P 21,000
Ad Expense P 12,000
Salaries Expense P 17,000
Utilities Expense P 3,000
P 1,074,000 P 1,074,000