KING EMANUEL ANIL

GENERAL JOURNAL
FOR THE MONTH ENDED MAY 30, 20XX

DATE DESCRIPTION
May 1 Cash on Hand
Equipment
Capital
To record initial investments made by owner.

2 Licenses and Permit Expenses

Cash on Hand
To record payment of licenses and permit expenses.

3 Prepaid Expenses
Cash on Hand
To record rental payments made in advanced.

3 Cash on Hand
Capital
To record additional investment made by owner

4 Equipment
Cash on Hand
Accounts Payable
To record purchase of equipment.

4 Office Supplies
Cash on Hand
To record purchase of supplies in cash.

5 Office Supplies
Accounts Payable
To record purchase of supplies on account.

7 Furniture
Cash on Hand
Accounts Payable
To record purchase of furniture.

9 Cash on Hand
Service Income
To record cash receipts from customers.

11 Notes Receivable
Service Income
 To record receivables from customers.

13 Cash on Hand
Loan Payable
To record cash received from loan granted by Metrobank.

15 Salaries Expense
Cash on Hand
To record payment of salaries.

16 Account Receivable
Service Income
To record receivables from customers.

16 Accounts Payable
Cash on Hand
To record partial payment of accounts from May 7.

18 Cash on Hand
Notes Receivable
To record partial payment of customers from May 11.

19 Accounts Payable
Cash on Hand
To record full payment of accounts from May 5.

22 Account Receivable
Service Income
To record receivables from customers.

24 Marketing Expenses
Cash on Hand
To record payment of marketing expenses.

25 Transportation Expenses
Cash on Hand
To record payment of transportation expenses.

26 Representation Expenses
Cash on Hand
To record payment of representation expenses.

29 Communication Expenses
Cash on Hand
To record payment of utilities.

30 Account Receivable
Service Income
 To record receivables from customers.

30 Salaries Expense
Cash on Hand
To record payment of salaries.
20XX

DEBIT CREDIT
100,000
50,000
150,000

2,000
2,000

30,000
30,000

200,000
200,000

40,000
4,000
36,000

4,000
4,000

3,500
3,500

25,000
8,000
17,000

40,000
40,000

50,000
50,000
100,000
100,000

35,000
35,000

32,000
32,000

11,900
11,900

25,000
25,000

3,500
3,500

40,000
40,000

5,000
5,000

1,000
1,000

3,500
3,500

6,500
6,500

50,000
50,000
35,000
35,000
ASSETS
Account Title: Cash on Hand
Date Particulars Ref
May 1 To record initial investments made by owner. GJ
2 To record payment of licenses and permit expenses. GJ
3 To record rental payments made in advanced. GJ
3 To record additional investment made by owner GJ
4 To record purchase of equipment. GJ
4 To record purchase of supplies in cash. GJ
7 To record purchase of furniture. GJ
9 To record cash receipts from customers. GJ
13 To record cash received from loan granted by Metrobank. GJ
15 To record payment of salaries. GJ
16 To record partial payment of accounts from May 7. GJ
18 To record partial payment of customers from May 11. GJ
19 To record full payment of accounts from May 5. GJ
24 To record payment of marketing expenses. GJ
25 To record payment of transportation expenses. GJ
26 To record payment of representation expenses. GJ
29 To record payment of utilities. GJ
30 To record payment of salaries. GJ

Account Title: Office Supplies

Date Particulars Ref
May 4 To record purchase of supplies in cash. GJ
5 To record purchase of supplies on account. GJ

Account Title: Account Receivable

Date Particulars Ref
May 16 To record receivables from customers. GJ
22 To record receivables from customers. GJ
30 To record receivables from customers. GJ

Account Name: Notes Receivable

Date Particulars Ref
May 11 To record receivables from customers. GJ
18 To record partial payment of customers from May 11. GJ

Account Name: Equipment

Date Particulars Ref
May 1 To record initial investments made by owner. GJ
 4 To record purchase of equipment. GJ

Account Name: Furniture

Date Particulars Ref
May 7 To record purchase of furniture. GJ

Account Name: Prepaid Expenses

Date Particulars Ref
May 3 To record rental payments made in advanced. GJ

LIABILITIES
Account Name: Accounts Payable
Date Particulars Ref
May 4 To record purchase of equipment. GJ
5 To record purchase of supplies on account. GJ
7 To record purchase of furniture. GJ
16 To record partial payment of accounts from May 7. GJ
19 To record full payment of accounts from May 5. GJ

Account Name: Loan Payable

Date Particulars Ref
May 13 To record cash received from loan granted by Metrobank. GJ

OWNER'S EQUITY
Account Name: Capital
Date Particulars Ref
May 1 To record initial investments made by owner. GJ
3 To record additional investment made by owner GJ

REVENUES
Account Name: Service Income
Date Particulars Ref
May 9 To record cash receipts from customers. GJ
11 To record receivables from customers. GJ
16 To record receivables from customers. GJ
22 To record receivables from customers. GJ
27 To record receivables from customers. GJ
EXPENSES
Account Name: Licenses and Permit Expenses
Date Particulars Ref
May 2 To record payment of licenses and permit expenses. GJ

Account Name: Salaries Expense

Date Particulars Ref
May 15 To record payment of salaries. GJ
30 To record payment of salaries. GJ

Account Name: Marketing Expenses

Date Particulars Ref
May 24 To record payment of marketing expenses. GJ

Account Name: Transportation Expenses

Date Particulars Ref
May 25 To record payment of transportation expenses. GJ

Account Name: Communication Expenses

Date Particulars Ref
May 29 To record payment of utilities. GJ

Account Name: Representation Expenses

Date Particulars Ref
May 26 To record payment of representation expenses. GJ
Account No. 100
Debit Credit Balance
100,000 100,000
2,000 98,000
30,000 68,000
200,000 268,000
4,000 264,000
4,000 260,000
8,000 252,000
40,000 292,000
100,000 392,000
35,000 357,000
11,900 345,100
25,000 370,100
3,500 366,600
5,000 361,600
1,000 360,600
3,500 357,100
6,500 350,600
35,000 ₱ 315,600

Account No. 102

Debit Credit Balance
4,000 4,000
3,500 ₱ 7,500

Account No. 103

Debit Credit Balance
32,000 32,000
40,000 72,000
50,000 ₱ 122,000

Account No. 104

Debit Credit Balance
50,000 50,000
25,000 ₱ 25,000

Account No. 105

Debit Credit Balance
50,000 50,000
 40,000 ₱ 90,000

Account No. 106

Debit Credit Balance
25,000 ₱ 25,000

Account No. 109

Debit Credit Balance
30,000 ₱ 30,000

Account No. 201

Debit Credit Balance
36,000 36,000
3,500 39,500
17,000 56,500
11,900 44,600
3,500 ₱ 41,100

Account No. 203

Debit Credit Balance
100,000 ₱ 100,000

Account No. 301

Debit Credit Balance
150,000 150,000
200,000 ₱ 350,000

Account No. 401

Debit Credit Balance
40,000 40,000
50,000 90,000
32,000 122,000
40,000 162,000
50,000 ₱ 212,000
Account No. 502
Debit Credit Balance
2,000 ₱ 2,000

Account No. 5003

Debit Credit Balance
35,000 35,000
35,000 ₱ 70,000

Account No. 504

Debit Credit Balance
5,000 ₱ 5,000

Account No. 505

Debit Credit Balance
1,000 ₱ 1,000

Account No. 509

Debit Credit Balance
6,500 ₱ 6,500

Account No. 510

Debit Credit Balance
3,500 ₱ 3,500
 KING EMANUEL ANIL
TRIAL BALANCE
MAY 31, 20XX
Account
Account Title Debit Credit
Number
101 Cash on Hand P ₱ 315,600
102 Office Supplies 7,500
103 Account Receivable 122,000
104 Notes Receivable 25,000
105 Equipment 90,000
106 Furniture 25,000
109 Prepaid Expenses 30,000
201 Accounts Payable ₱ 41,100
203 Loan Payable 100,000
301 Capital 350,000
401 Service Income 212,000
502 Licenses and Permit Expenses 2,000
503 Salaries Expense 70,000
504 Marketing Expenses 5,000
505 Transportation Expenses 1,000
509 Communication Expenses 6,500
510 Representation Expenses 3,500
Totals ₱ 703,100 ₱ 703,100
 Unadjusted Trial Balance
Ref Particulars Debit Credit
101 Cash on Hand ₱ 315,600
102 Office Supplies 7,500
103 Account Receivable 122,000
104 Notes Receivable 25,000
105 Equipment 90,000
106 Furniture 25,000
109 Prepaid Expenses 30,000
201 Accounts Payable ₱ 41,100
203 Loan Payable 100,000
301 Capital 350,000
401 Service Income 212,000
502 Licenses and Permit Expenses 2,000
503 Salaries Expense 70,000
504 Marketing Expenses 5,000
505 Transportation Expenses 1,000
509 Communication Expenses 6,500
510 Representation Expenses 3,500
Adjustments:
501 Rent Expense
506 Depreciation Expenses
507 Bad Debt Expenses
508 Supplies Expense
Totals ₱ 703,100 ₱ 703,100
 KING EMANUEL ANIL
Worksheet
May 30, 20XX
Adjustment Adjusted Trial Balance Statement of Comprehensive Income
Debit Credit Debit Credit Debit Credit
₱ 315,600
5,000 2,500
12,200 109,800
25,000
8,100 81,900
2,250 22,750
10,000 20,000
41,100
100,000
350,000
212,000 212,000
2,000 2,000
70,000 70,000
5,000 5,000
1,000 1,000
6,500 6,500
3,500 3,500

10,000 10,000 10,000

10,350 10,350 10,350
12,200 12,200 12,200
5,000 5,000 5,000
₱ 37,550 ₱ 37,550 ₱ 703,100 ₱ 703,100 ₱ 125,550 ₱ 212,000
Net Income ₱ 86,450
Totals ₱ 212,000 ₱ 212,000
 Statement of Financial Position
Debit Credit
₱ 315,600
2,500
109,800
25,000
81,900
22,750
20,000
41,100
100,000
350,000

₱ 577,550 ₱ 491,100
86,450
₱ 577,550 ₱ 577,550