Date Account Titles and Explanation PR Debit Credit

1 2021 Cash 2 5 0 0 0 0-
2 May 1 Perez-Manalo, Capital 2 5 0
3 Perez-Manalo invested cash in the business.
4
5 Prepaid Rent 8 0 0 0-
6 Cash 8
7 Paid two months' rent in advance.
8
9 2 Cash 2 1 0 0 0 0-
10 Notes Payable 2 1 0
11 Issued a promissory note for a MB loan.
12
13 4 Service Vehicle 4 2 0 0 0 0-
14 Cash 4 2 0
15 Acquired a service vehicle.
16
17 Prepaid Insurance 1 4 4 0 0-
18 Cash 1 4
19 Paid PGA, Inc., a 1-year insurance coverage
20 on the service vehicle.
21
22 5 Office Equipment 6 0 0 0 0-
23 Cash 1 5
24 Accounts Payable 4 5
25 Acquired office equipment from FSE paying
26 P15,000 and the balance on account.
27
28 8 Supplies 1 8 0 0 0-
29 Accounts Payable 1 8
30 Purchased supplies on credit from SJM.
31
32 9 Accounts Payable 1 0 0 0 0-
33 Cash 1 0
34 Partially paid SJM of the amount owed.
35
36 10 Cash 2 6 4 0 0-
37 Consulting Revenues 2 6
38 Received cash for services rendered to
39 three couples.
40
41 13 Salaries Expense 6 6 0 0-
42 Cash 6
43 Paid salaries.
44
45 15 Cash 1 0 0 0 0-
46 Unearned Referral Revenues 1 0
47 Receieved advanced fees for 3 clients referred.
48
49 19 Accounts Receivable 3 6 0 0 0-
50 Consulting Revenues 3 6
51 Rendered services and billed fees of P12,000
52 per couple.
53
54 25 Perez-Manalo, Withdrawals 1 4 0 0 0-
55 Cash 1 4
56 Perez-Manalo withdrew cash for personal use.
57
58 27 Salaries Expense 7 2 0 0-
59 Cash 7
60 Paid salaries.
61
62 30 Utilities Expense 1 4 0 0-
63 Utilities Payable 1
64 Received telephone bill, P1,400.
65
66 Cash 2 4 0 0 0-
67 Accounts Receivable 2 4
68 Received payment from clients billed on May 19.
69
70 31 Utilities Expense 3 0 0 0-
71 Cash 3
72 Settled the electricity bill for the month.
73
 Page 1
Credit
1
0 0 0- 2
3
4
5
0 0 0- 6
7
8
9
0 0 0- 10
11
12
13
0 0 0- 14
15
16
17
4 0 0- 18
19
20
21
22
0 0 0- 23
0 0 0- 24
25
26
27
28
0 0 0- 29
30
31
32
0 0 0- 33
34
35
36
4 0 0- 37
38
39
40
41
6 0 0- 42
43
 44
45
0 0 0- 46
47
48
49
0 0 0- 50
51
52
53
54
0 0 0- 55
56
57
58
2 0 0- 59
60
61
62
4 0 0- 63
64
65
66
0 0 0- 67
68
69
70
0 0 0- 71
72
73
 Account: Cash Account No: 110
Date Explanation J.R. Debit Credit Balance
1 2021
2 May 1 J-1 250,000 250,000
3 1 J-1 8,000 242,000
4 2 J-1 210,000 452,000
5 4 J-1 420,000 32,000
6 4 J-1 14,400 17,600
7 5 J-1 15,000 2,600
8 9 J-1 10,000 (7,400)
9 10 J-1 26,400 19,000
10 13 J-1 6,600 12,400
11 15 J-1 10,000 22,400
12 25 J-1 14,000 8,400
13 27 J-1 7,200 1,200
14 30 J-1 24,000 25,200
15 31 J-1 3,000 22,200

Account: Accounts Receivable Account No: 120

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 19 J-1 36,000 36,000
3 31 J-1 24,000 12,000

Account: Supplies Account No: 130

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 8 J-1 18,000 18,000

Account: Prepaid Rent Account No: 140

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 1 J-1 8,000 8,000

Account: Prepaid Insurance Account No: 150

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 4 J-1 14,400 14,400

Account: Service Vehicle Account No: 160

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 4 J-1 420,000 420,000

Account: Office Equipment Account No: 170

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 5 J-1 60,000 60,000
 Account: Notes Payable Account No: 210
Date Explanation J.R. Debit Credit Balance
1 2021
2 May 2 J-1 210,000 210,000

Account: Accounts Payable Account No: 220

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 5 J-1 45,000 45,000
3 8 J-1 18,000 63,000
4 9 J-1 10,000 53,000

Account: Utilities Payable Account No: 240

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 30 J-1 1,400 1,400

Account: Unearned Referral Revenues Account No: 260

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 15 J-1 10,000 10,000

Account: Perez-Manalo, Capital Account No: 310

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 1 J-1 250,000 250,000

Account: Perez-Manalo, Withdrawals Account No: 320

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 25 J-1 14,000 14,000

Account: Consulting Revenues Account No: 410

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 10 J-1 26,400 26,400
3 19 J-1 36,000 62,400

Account: Salaries Expense Account No: 510

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 13 J-1 6,600 6,600
3 27 J-1 7,200 13,800

Account: Utilities Expense Account No: 550

Date Explanation J.R. Debit Credit Balance
1 2021
2 May 30 J-1 1,400 1,400
3 31 J-1 3,000 4,400
 Weddings "R" US
Trial Balance
May 31, 2021

Accounts Debit Credit

Cash P 22,200
Accounts 12,000
Supplies 18,000
Prepaid Rent 8,000
Prepaid Insurance 14,400
Service Vehicle 420,000
Office Equipment 60,000
Notes Payable P 210,000
Accounts Payable 53,000
Utilities Payable 1,400
Unearned Referral Revenues 10,000
Perez-Manalo, Capital 250,000
Perez-Manalo, Withdrawals 14,000
Consulting Revenues 62,400
Salaries Expense 13,800
Utilities Expense 4,400
Total P 586,800 P 586,800