GENERAL JOURNAL Page 1

Date
2020 Particulars Folio Debit Credit
Nov 3 Cash in Bank GL-1 150,000
Office Furniture and Equipment GL-6 80,000
E. Detoya, Capital GL-10 230,000
Initial Investment

4 Unused Supplies GL-5 15,000

Accounts Payable GL-7 15,000
Supplies on account

5 Cash in Bank GL-1 15,000

Professional Income GL-12 15,000
income from service rendered

7 Professional Development Expense GL-13 6,000

Cash in Bank GL-1 6,000
Convention fee payment

9 Travelling Expense GL-15 2,500

Cash in Bank GL-1 2,500
Paid travelling expenses

10 Accounts Receivable GL-2 10,000

Professional Income GL-12 10,000
Rendered services on account

12 Cash in Bank GL-1 6,000

Unearned Professional Income GL-8 6,000
Cash from unearned services

13 Advances to Employees GL-3 5,000

Taxes and Licenses GL-19 4,500
Cash in Bank GL-1 9,500
Cash advances and taxes paid

14 Postage and Telephone GL-14 1,500

Cash in Bank GL-1 1,500
Paid telephone bills

16 Cash in Bank GL-1 10,000

Accounts Receivable GL-2 10,000
Collected Accounts from clients
17 Accounts Payable GL-7 3,000
Cash in Bank GL-1 3,000
Partial payment of account

18 Office Furniture and Equipment GL-6 25,000

Accounts Payable GL-7 25,000
Bought steel cabinet on account

19 Utilities Expense GL-17 3,500

Cash in Bank GL-1 3,500
Payment of utilities

21 E. Detoya, Drawing GL-11 25,000

Cash in Bank GL-1 25,000
Withdrew cash for personal use

22 Travelling Expense GL-15 3,000

Cash in Bank GL-1 3,000
Paid transportation expense

23 Rent Expense GL-16 5,500

Cash in Bank GL-1 5,500
Paid office rental

24 Postage and Telephone GL-14 2,500

Cash in Bank GL-1 2,500
Sent brochure to client

25 Cash in Bank GL-1 45,000

Professional Income GL-12 45,000
Rendered services to clients

26 Accounts Payable GL-7 10,000

Cash in Bank GL-1 10,000
Partial payment to Cebu Equipment

27 Cash in Bank GL-1 47,000

Prepaid Interest GL-4 3,000
Loans Payable GL-9 50,000
Received a loan due in 6 months