GENERAL JOURNAL PAGE 1

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DOC. POST. GENERAL

DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT

1 DEC 1 Cash 101 150,000.00 1

2 Matapang, Capital 301 150,000.00 2

3 Initial Investment of the owner 3

4 4

5 2 Rent Expense 502 8,000.00 5

6 Cash 101 8,000.00 6

7 Paid Rent Expense 7

8 8

9 2 Supplies 103 7,200.00 9

10 Accounts Payable 201 7,200.00 10

11 Bought supplies on account 11

12 12

13 3 Office Equipment 104 75,000.00 13

14 Cash 101 37,000.00 14

15 Accounts Payable 201 38,000.00 15

16 Paid 50% and the balance on account 16

17 17

18 8 Accounts Payable 201 7,200.00 18

19 Cash 101 7,200.00 19

20 Paid the maintaining balance from supplies account 20

21 21

22 14 Salary Expense 501 6,000.00 22

23 Cash 101 6,000.00 23

24 Paid Salary Expense 24

25 25

26 20 Cash 101 20,000.00 26

27 Service Revenue 401 20,000.00 27

28 Collected Income for that day 28

29 29

30 28 Accounts Receivable 102 48,000.00 30

31 Service Revenue 401 48,000.00 31

32 Billed clients for services on account 32

33 33
 GENERAL JOURNAL PAGE
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DOC. POST. GENERAL

DATE ACCOUNT TITLE NO. REF. DEBIT

1 DEC 31 Matapang, Drawings 302 12,000.00

2 Cash 101
3 Owner's withdrawal for personal use
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 2
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GENERAL
CREDIT

12,000.00 2

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 ACCOUNT CASH

POST.
DATE ITEM REF. DEBIT

DEC 1 Initial Investment of the owner GJ1 ₱ 150,000.00

2 Paid Rent Expense GJ1
3 Paid 50% and the balance is on account GJ1
8 Paid maintaining balance from supplies account GJ1
14 Paid salaries expense GJ1
20 Collected Income for the day GJ1 ₱ 20,000.00
31 Owner's withdrawal for personal use GJ2

ACCOUNT ACCOUNTS RECEIVABLE

POST.
DATE ITEM REF. DEBIT

DEC 28 Billed clients for services on account GJ1 ₱ 48,000.00

ACCOUNT SUPPLIES

POST.
DATE ITEM REF. DEBIT

DEC 2 Bought supplies on account GJ1 ₱ 7,200.00

ACCOUNT OFFICE EQUIPMENT

POST.
DATE ITEM REF. DEBIT

DEC 3 Paid 50% and the balance is on account GJ1 ₱ 75,000.00

 ACCOUNT NO. 101 ACCOUNT

BALANCE
CREDIT DEBIT CREDIT DATE

₱ 150,000.00 DEC 1
₱ 8,000.00 ₱ 142,000.00
₱ 37,000.00 ₱ 105,000.00
₱ 7,200.00 ₱ 97,800.00
₱ 6,000.00 ₱ 91,800.00
₱ 111,800.00
₱ 12,000.00 ₱ 99,800.00

ACCOUNT
ACCOUNT NO. 102

BALANCE DATE
CREDIT DEBIT CREDIT
DEC 31
₱ 48,000.00

ACCOUNT
ACCOUNT NO. 103

BALANCE DATE
CREDIT DEBIT CREDIT
DEC 20
₱ 7,200.00 28

ACCOUNT
ACCOUNT NO. 104

BALANCE DATE
CREDIT DEBIT CREDIT
DEC 2
₱ 75,000.00
MATAPANG, CAPITAL ACCOUNT NO. 301

POST. BALANCE
ITEM REF. DEBIT CREDIT DEBIT CREDIT

Initial Investment of the owner GJ1 150,000.00 150,000.00

MATAPANG, DRAWINGS ACCOUNT NO. 302

POST. BALANCE
ITEM REF. DEBIT CREDIT DEBIT CREDIT

Owner's withdrawal for personal use GJ2 12,000.00 12,000.00

SERVICE REVENUE ACCOUNT NO. 401

POST. BALANCE
ITEM REF. DEBIT CREDIT DEBIT CREDIT

Collected Income for the day GJ1 20,000.00 20,000.00

Billed clients for services on account GJ1 48,000.00 68,000.00

RENT EXPENSE ACCOUNT NO. 502

POST. BALANCE
ITEM REF. DEBIT CREDIT DEBIT CREDIT

Paid Rent Expense GJ1 8,000.00 8,000.00

 ACCOUNT ACCOUNTS PAYABLE

POST.
DATE ITEM REF.

DEC 2 Bough supplies on account GJ1

3 Paid 50% and the balance is on account GJ1
8 Paid maintaining balance from supplies account GJ1

ACCOUNT SALARY EXPENSE

POST.
DATE ITEM REF.

DEC 14 Paid salaries expense GJ1

 ACCOUNT NO. 201

BALANCE
DEBIT CREDIT DEBIT CREDIT

7,200.00 7,200.00
38,000.00 45,200.00
7,200.00 38,000.00

ACCOUNT NO. 501

BALANCE
DEBIT CREDIT DEBIT CREDIT

6,000.00 6,000.00
 CHART OF ACCOUNTS
101 Cash 302 Matapang, Drawings
102 Accounts Receivable 401 Service Revenue
103 Supplies 501 Salaries Expense
104 Office Equipments 502 Rent Expense
201 Accounts Payable 503 Utilities Expense
301 Matapang, Capital 504 Other Expense
 HAPPY REPAIR BUSINESS
TRIAL BALANCE
Dec-19

ACCOUNT N0. ACCOUNT TITLES DEBIT CREDIT

101 Cash ₱ 99,800.00
102 Accounts Receivables ₱ 48,000.00
103 Supplies ₱ 7,200.00
104 Office Equipment ₱ 75,000.00
201 Accounts Payable ₱ 38,000.00
301 Matapang, Capital ₱ 150,000.00
302 Matapang, Drawings ₱ 12,000.00
401 Service Revenue ₱ 68,000.00
501 Salaries Expense ₱ 6,000.00
502 Rent Expense ₱ 8,000.00

TOTAL ₱ 256,000.00 ₱ 256,000.00