Date Particulars Debit Credit ASSETS

a. Cash 100,000.00
Palagana, Capital 100,000.00 Cash
DEBIT
b. Rent Expense 5,000.00 a. 100,000.00
Cash 5,000.00 e. 12,000.00
h. 5,400.00
c. Office Furniture 15,000.00 k. 7,000.00
Cash 15,000.00 o. 2,000.00

d. Equipment 54,000.00
Cash 27,000.00
Accounts Payable 27,000.00

e. Cash 12,000.00 126,400.00

Service Revenue 12,000.00 be 51,150.00

f. Accounts Receivable 10,800.00 Rent Expense

Service Revenue 10,800.00 DEBIT
b. 5,000.00
g. Fax Machine 7,500.00
Cash 3,000.00 Office Furniture
Accounts Payable 4,500.00 DEBIT
c. 15,000.00
h. Cash 5,400.00
Accounts Receivable 5,400.00 Equipment
DEBIT
i. Salaries Expense 10,000.00 d. 54,000.00
Cash 10,000.00
Accounts Receivable
j. Accounts Payable 4,500.00 DEBIT
Cash 4,500.00 f. 10,800.00
l. 12,000.00
k. Cash 7,000.00 22,800.00
Service Revenue 7,000.00 15,400.00

l. Accounts Receivable 12,000.00 Fax Machine

Service Revenue 12,000.00 DEBIT
g. 7,500.00
m. Telephone Expense 1,350.00
Cash 1,350.00

n. Utilities Expense 2,400.00

Cash 2,400.00

o. Cash 2,000.00
Accounts Receivables 2,000.00

p. Palagana, Withdrawals 7,000.00

Cash 7,000.00
 LIABILITIES AND OWNER'S EQUITY

Cash
CREDIT Palagana, Capital
5,000.00 b. DEBIT CREDIT
15,000.00 c. 100,000.00
27,000.00 d.
3,000.00 g. Accounts Payable
10,000.00 i. DEBIT CREDIT
4,500.00 j. j. 4,500.00 27,000.00
1,350.00 m. 4,500.00
2,400.00 n.
7,000.00 p. 4,500.00 31,500.00
27,000.00
75,250.00
Service Revenue
DEBIT CREDIT
Rent Expense 12,000.00
CREDIT 10,800.00
7,000.00
12,000.00
Office Furniture 41,800.00
CREDIT
Salaries Expense
DEBIT CREDIT
Equipment i. 10,000.00
CREDIT
Telephone Expense
DEBIT CREDIT
Accounts Receivable m. 1,350.00
CREDIT
5,400.00 h. Utilities Expense
2,000.00 o. DEBIT CREDIT
7,400.00 n. 2,400.00

Palagana, Withdrawals
Fax Machine DEBIT CREDIT
CREDIT p. 7,000.00
NER'S EQUITY

a.

d.
g.

be

e.
f.
k.
l.