Date Particulars F

2012
April 1 Cash In Bank 101
Petty Cash Fund 102
E.Esparaguera, capital 301
Initial investment of owner
or
Cash In Bank
Petty Cash Fund
Satake Rice Mill
Furnitures and Fixtures
E.Esparaguera, capital
Initial investment of owner

3 Diesoline Inventory 105

Accounts Payable 201
Purchased diesoline on account from Caltex Philippines

5 Taxes and Licenses 502

Cash In Bank 101
Paid licences and business permits

7 Advances to employees 104

Cash In Bank 101
Paid salary advances to employees

8 Repairs and Maintenance 503

Petty Cash fund 102
Paid minor repairs

14 Cash In Bank 101

Milling Income 401
Received cash for milling services

18 E. Esparaguera, Drawing 302

Cash In bank 101
Withdrew cash for personal use

20 Accounts Receivable 103

Milling Income 401
Rendered milling services on account

23 Accounts payable 201

 Cash In Bank 101
Paid in full the account with Caltex Phil.

27 Cash In Bank 101

Accounts Receivable 201
Partial collection from Zamboanga Traders

28 Cash In Bank 101

Unearned Milling Income 202
Received cash in advance for services still to be rendered.

29 Light and Water 504

Cash In Bank 101
Paid light and water

30 Salaries and wages 501

Cash In Bank 101
Advances to employees
Paid employees salaries

Accounts Receivable 103

Milling Income 401
Rendered Services on account
Debit Credit

P99,000
1,000
P100,000

99,000
1,000
950,000
80,000
1,130,000

15,000
15,000

2,800
2,800

3,000
3,000

500
500

9,000
9,000

8,000
8,000

18,000
18,000

15,000
 15,000

10,000
10,000

7,000
7,000

8,000
8,000

15,000
12,000
3,000

25,000
25,000