Leonor Creations

Chart of Accounts

Account
No. Account Titles
101 Cash
102 Accounts Receivable
103 Notes Receivable
104 Prepaid Rent
105 Supplies
115 Equipment
117 Furnitures & Fixtures
201 Accounts Payable
203 Notes Payable
301 L. Modista, Capital
302 L. Modista, Drawings
401 Service Income
501 Taxes and Licenses
502 Rent Expense
503 Salaries Expense
504 Repair Expense
505 Utilities Expense
 2015 GJ1
DATE Account Titles and Explanations PR DR CR
GJ2
Jun. 1 Equipment 115 ₱ 9, 000
DATE Account Titles and Explanations PR DR CR
Supplies 105 1, 000
Jun. 13 Accounts Receivable 102 ₱ 10, 000
Furniitures & FixturesService Income 117 1, 500 401 ₱ 10, 000
Cash 101
To record rendered service on account. 50, 000
L. Modista, Capital 301 ₱ 61, 500
To record
15 investment.
Salaries Expense 503 3, 000
Cash 101 3, 000
Prepaid Rent To record paid salary. 104 4, 500
Cash 101 4, 500
18 Notes Receivable 103 3, 000
To record paid rent in advance.
Service Income 401 3, 000
To record service rendered w/promissory note.
2 Taxes and Licenses 501 1, 500
Cash 20 Repair Expense 101 504 1, 500 300
To record paid tax.
Cash 101 300
To record paid repair.
4 Supplies 105 500
Accounts21 Equipment
Payable 201 115 5005, 000
To record boughtCash
supplies on account. 101 2, 500
Notes Payable 203 2, 500
To record bought equipment w/50%
5 Cash 101 6, 000
downpayment and promissory note for bal.
Service Income 401 6, 000
To record
23 collection fromDrawings
L. Modista, service rendered. 302 2, 000
Cash 101 2, 000
6 Accounts Receivable To record drawings. 102 8, 000
Service Income 401 8, 000
25 billed
To record Cashservice to customer. 101 3, 000
Notes Receivable 103 3, 000
9 Utilities Expense To record collection. 505 1, 115
Cash 101 1, 115
28 Cash 101 8, 000
To record paid water and electric bill.(250+865)
Accounts Receivable 102 8, 000
To record partial collection.
12 Cash 101 4, 000
Accounts29Receivable
Rent Expense 102 502 4, 0002, 250
To record partialPrepaid
collection.
Rent 104 2, 250
To record rent expense.

30 Salaries Expense 503 3, 000

Cash 101 3, 000
To record paid salary.
 Acct. Title: Cash Acct. Title: Prepaid Rent

Acct.
Acct. Nbr:
Title: 101 Payable
Accounts Acct.Title:
Acct. Nbr: 104
Service Income
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
Acct. Nbr:
Jun. 1 201
Investment GJ1 ₱ 50, 000 ₱ 50, 000 Acct. Nbr:
Jun. 1 401
paid in advance GJ1 ₱ 4, 500 ₱ 4, 500
Date Remarks
Paid RefGJ1 Debit
rent in advance Credit
₱ 4, 500 Balance
45, 500 Date29 rentRemarks
expense Ref GJ2 Debit Credit
₱ 2, 250Balance
₱ 2, 250
Jun. 4 2 boughtPaidsupplies
tax GJ1GJ1 ₱500
1, 500 ₱500
44, 000 Jun. 5 collection GJ1 ₱ 6, 000 ₱ 6, 000
5 Service income GJ1 6, 000 50, 000 6 service rendered GJ1 8, 000 14, 000
9 Paid utilities GJ1 1, 115 48, 885 13 service rendered GJ2 10, 000 24, 000
12 Partial Collection GJ1 4, 000 52, 885 18 service rendered GJ2 3, 000 ₱ 27, 000
15 Paid Salary GJ2 3, 000 49, 885 Acct. Title: Supplies
20 Paid repair GJ2 300 49, 585 Acct. Nbr: 105
Acct. Title:
21 Notes Payable
Bought equipment GJ2 2, 500 47, 085 Acct.
DateTitle: TaxesRemarks
and Licenses Ref Debit Credit Balance
Acct. Nbr:
23 203Drawings GJ2 2, 000 45, 085 Acct. Nbr:
Jun. 1 501
investment GJ1 ₱ 1, 000 ₱ 1, 000
Date 25 Remarks
Collection RefGJ2 Debit3, 000 Credit Balance
48, 085 Date 4 Remarks
bought on acct. Ref GJ1 Debit 500 Credit Balance
₱ 1, 500
Jun. 2128 bought equipment GJ1GJ2
Collection 8, 000 ₱ 2, 500 ₱56,
2, 500
085 Jun. 2 Paid tax GJ1 ₱ 1, 500 ₱ 1, 500
30 Paid Salary GJ2 3, 000 ₱ 53, 085

Acct. Title: Accounts Receivable

Acct. Nbr: 102 Acct. Title: Equipment
Date Remarks Ref Debit Credit Balance Acct. Nbr: 115
Acct. Title: L. Modista, Capital Acct. Title: Rent Expense
Jun. 6 billed servcice GJ1 ₱ 8, 000 ₱ 8, 000 Date Remarks Ref Debit Credit Balance
Acct. Nbr: 301 Acct. Nbr: 502
12 collection GJ1 ₱ 4, 000 4, 000 Jun. 1 investment GJ1 ₱ 9, 000 ₱ 9, 000
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
13 rendered service GJ2 10, 000 14, 000 21 bought on acct. GJ2 5, 000 ₱ 14, 000
Jun. 1 investment GJ1 ₱ 61, 500 ₱ 61, 500 Jun. 29 paid rent GJ2 ₱ 2, 250 ₱ 2, 250
28 collection GJ2 8, 000 ₱ 6, 000

Acct. Title: Notes Receivable

Acct. Nbr: 103 Acct. Title: Furnitures & Fixtures
Date Remarks Ref Debit Credit Balance Acct. Nbr: 117
Acct. Title: L. Modista, Drawings Acct. Title: Salaries Expense
Jun. 18 service rendered GJ2 ₱ 3, 000 ₱ 3, 000 Date Remarks Ref Debit Credit Balance
Acct. Nbr: 302 Acct. Nbr: 503
25 collection GJ2 ₱ 3, 000 0 Jun. 1 investment GJ1 ₱ 1, 500 ₱ 1, 500
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
Jun. 23 drawings GJ2 ₱ 2, 000 ₱ 2, 000 Jun. 15 paid salary GJ2 ₱ 3, 000 ₱ 3, 000
30 paid salary GJ2 3, 000 ₱ 6, 000
Acct. Title: Repair Expense Acct. Title:
Acct. Nbr: 504 Acct. Nbr:
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
Jun. 20 paid repair GJ2 ₱300 ₱300

Acct. Title: Utilities Expense Acct. Title: Taxes and Licenses

Acct. Nbr: 505 Acct. Nbr: 501
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
Jun. 9 paid utilities GJ1 ₱ 1, 115 ₱ 1, 115

Acct. Title: Acct. Title:

Acct. Nbr: Acct. Nbr:
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance

Acct. Title: Acct. Title:

Acct. Nbr: Acct. Nbr:
Date Remarks Ref Debit Credit Balance Date Remarks Ref Debit Credit Balance
 Leonor Creations
Preliminary Trial Balance
June 30, 2015

Account
No. Account Titles DR CR
101 Cash ₱ 53, 085
102 Accounts Receivable 6, 000
104 Prepaid Rent 2, 250
105 Supplies 1, 500
115 Equipment 14, 000
117 Furnitures & Fixtures 1, 500
201 Accounts Payable ₱500
203 Notes Payable 2, 500
301 L. Modista, Capital 61, 500
302 L. Modista, Drawings 2, 000
401 Service Income 27, 000
501 Taxes and Licenses 1, 500
502 Rent Expense 2, 250
503 Salaries Expense 6, 000
504 Repair Expense 300
505 Utilities Expense 1, 115
Totals ₱ 91, 500 ₱ 91, 500