The following transactions occur for the month of july:

July 5 Received P550 cash from customers on account

July 10 Billed customers for services Performed P7,300.
July 15 Paid employee salaries P 1,800
July 16 Performed P800 of services for customers who paid in advance in june
July 20 Paid 3,000 to creditors on account
July 21 Received P500 for services rendered on a cash basis
July 26,Purchased Supplies on account ,at a cost of P250
July 29 Withdrew P1,000 for personal use
July 30 paid Utilities P600

Required:
1.) Prepare Journal entry
2.) Post to general Ledger
3.) Prepare Trial balance
4.)Prepare financial statement reports
5.) prepare the closing entries and post closing trual balance
 JDA BOOKKEEPING SERVICES
CHART OF ACCOUNTS
Account code Account title
101 Cash
112 Account Receivable
126 Supplies inventory
157 Equipment
201 Account Payable
206 Unearned Revenue
301 JDA,capital
306 JDA, Drawings
426 Service revenue
526 Salaries Expense
532 Utilities Expense
546 Income summary
 JDA , bookkeeping services
trial Balance
As of june 30,2021
Account co Account title Debit Credit
101 Cash 7,750
112 Account Receivable 3,320
126 Supplies Inventory 900
157 Equipment 10,000
201 Accounts payable 4,500
206 Unearned Revenue 800
301 JDA,Capital 16,670
21,970 21,970
Account title : CASH
Account Code: 101
Date: Description : Ref: Debit Credit

Account title : ACCOUNTS RECEIVABLE

Account Code: 112
Date: Description : Ref: Debit Credit
30-Jun Beginning balance 7,750

Account title : SUPPLIES INVENTORY

Account Code: 126
Date: Description : Ref: Debit Credit
30-Jun beginning balance 3,320

Account title : EQUIPMENT

Account Code: 157
Date: Description : Ref: Debit Credit
30-Jun beginning balance 10,000

Account title : ACCOUNTS PAYABLE

Account Code: 201
Date: Description : Ref: Debit Credit
30-Jun beginning balance 4,500

Account title : UNEARNED REVENUE

Account Code: 206
Date: Description : Ref: Debit Credit
30-Jun beginning balance 800

Account title : JDA,CAPITAL

Account Code: 301
Date: Description : Ref: Debit Credit
30-Jun beginning balance 16,670
 General Journal
Date Column1 Account Title and Description Ref Debit Credit
July 5 Cash 101 550
Accounts Receivable 112 550
To record Receipt on account

July 10 Accounts Receivable 112 7,300

Service Revenue 426 7,300
To record Billed customer

July 15 Salaries Expense 526 1,800

Cash 101 1,800
To record payment for salaries

July 16 Unearned Revenue 206 800

Service Revenue 426 800
To record performed service paid in advance

July 20 Accounts payable 201 3,000

cash 101 3,000
To record payment on account

July 21 Cash 101 500

Service Revenue 426 500
To record Received cash for service rendered

July 26 Supplies 126 250

Accounts Payable 201 250
To record Purchased supplies on account
July 29 JDA,Drawings 306 1,000
Cash 101 1,000
To record withdrawal for personal use

July 30 Utilities expense 532 600

Cash 101 600
To record payment for utilities

=
 GENERAL LEDGER
CASH 101 ACCOUNTS PAYABLE 201
DEBIT CREDIT DEBIT
DATE AMOUNT DATE AMOUNT DATE AMOUNT
1-Jul 7,750 15-Jul 1,800 20-Jul 3,000
5-Jul 550 20-Jul 3,000
21-Jul 500 29-Jul 1,000 3,000
30-Jul 600
8,800 6,400
2,400
UNEARNED REVENUE 206
ACCOUNTS RECEIVABLE 112 DEBIT
DEBIT CREDIT DATE AMOUNT
DATE AMOUNT DATE AMOUNT 16-Jul 800
Beg.bal. 3,320 5-Jul 550
10-Jul 7,300 800
10,620 550
10,070
JDA,CAPITAL 301
DEBIT
SUPPLIES INVENTORY 126 DATE AMOUNT
DEBIT CREDIT
DATE AMOUNT DATE AMOUNT
Beg.bal. 900
26-Jul 250
1150
JDA,DRAWINGS 306
DEBIT
DATE AMOUNT
29-Jul 1,000
1,000
COUNTS PAYABLE 201 SERVICE REVENUE 426
CREDIT DEBIT CREDIT
DATE AMOUNT DATE AMOUNT DATE AMOUNT
Beg.bal. 4,500 10-Jul 7,300
26-Jul 250 16-Jul 800
4,750 21-Jul 500
1,750 8,600

NEARNED REVENUE 206

CREDIT SALARIES EXPENSE 526
DATE AMOUNT DEBIT CREDIT
beg.bal 800 DATE AMOUNT DATE AMOUNT
15-Jul 1,800
800
0 1,800

JDA,CAPITAL 301 UTILITIES EXPENSE 532

CREDIT DEBIT CREDIT
DATE AMOUNT DATE AMOUNT DATE AMOUNT
Beg.bal. 16,670 30-Jul 600

16,670 600

JDA,DRAWINGS 306
CREDIT
DATE AMOUNT
 JDA , BOOKKEEPING SERVICES
ADJUSTED TRIAL BALANCE
As of june 30,2021
Account code Account title Debit Credit
101 Cash 2,400
112 Account Receivable 10,070
126 Supplies Inventory 1,150
157 Equipment 10,000
201 Accounts payable 1,750
301 JDA,Capital 16,670
306 JDA,Drawings 1,000
426 Service Revenue 8,600
526 Salaries Expense 1,800
532 Utilities Expense 600
Totals 27,020 27,020
 JDA BOOKKEEPING SERVICES
INCOME STATEMENT
FOR THE MONTH ENDED JULY 30,2021
Revenues :
Service
Revenue 8,600
Expenses
Salaries 1,800
Utilities 600 2,400
Net Income 6,200
 JDA Bookkeeping Services
Balance Sheet
As of July 31, 2021

Asset
Current Asset
Cash 2,400
Accounts Receivable 10,070
Supplies 1,150 13,620
Non-Current Assets
Equipment 10,000
Total Assets 23,620
Liabilities & Capital
Current Liabilities
Unearned Revenue 0
Accounts Payable 1,750
1,750
Capital
JDA, Capital-Beginning 16,670
Add: Net Income 6,200
Less: JDA, Bora Drawing -1,000
JDA, Capital-End 21,870

Total Liabilities and Capital 23,620

 Cash Flow Statement

OPERATING ACTIVITIES
Collection from Customer 1,050.00
Payment to Suppliers (3,000.00)
Payment of Utilities (600.00)
Payment of Salaries (1,800.00)
(4,350.00)

INVESTING ACTIVITIES
Sale of Fixed Assets
Purchases of Fixed Assets

FINANCING ACTIVITIES
Investment of Capital
Withdrawal of Capital (1,000.00)
(1,000.00)

Net Increase/(Decrease) in Cash (5,350.00)

Add: Cash Beginning Balance 7,750.00
Cash Ending Balance 2,400.00
Service Revenue 8,600.00
Income Summary 8,600.00
To closed the revenue account

Income Summary 2,400.00

Salaries Expenses 1,800.00
Utilities Expenses 600
To close the expense account

Service Revenue 8,600.00

Salaries Expenses 1,800.00
Utilities Expenses 600
Income Summary 6,200.00

Owner's Equity 1,000.00

Owner's Drawing 1,000.00
To close the drawing account

Income Summary 6,200.00

Owner's Equity 6,200.00
 JDA Bookkeeping Services
Post Closing Trial Balance
As of July 31, 2021
Account Title Debit Credit
101 Cash 2,400
112 Accounts Receivable 10,070
126 Supplies 1,150
157 Equipment 10,000
201 Accounts Payable 1,750
206 Unearned Revenue 0
301 JDA, Capital 21,870
23,620 23,620