General Journal Page 1

Date Particulars F Debit Credit

2-Jan Cash 101 P 500,000
Furniture 132 100,000
Faith D. Nakpil, Capital 301 P 600,000
Investment by owner, Faith D. Nakpil

3 Equiptment 131 400,000

Cash 101 120,000
Notes Payable 202 280,000
Purchased equiptment with 30%
downpayment, Check #001, balance
due in 60 days. Received Invoice #923
from Office Plus

4 Supplies 121 35,000

Accounts Payable 201 35,000
Purchased supplied, balance due in 20
days. Received Invoice #435 from Agno
Supplies

7 Cash 101 50,000

Rental Fees 401 50,000
Received cash from Aim High
Corporation for Rental Fees. Issued
Invoice #001 and Official Receipt #001

8 Accounts Payable 201 5,000

Supplies 5,000
Returned defective supplies to Agno
Supplies. Received Credit Memo #37.

9 Accounts receivable 111 80,000

Rental Fees 401 80,000
Issued Invoice #002 to De La Cruz and
Partners Law Firm for rental fees
payable in 30 days.

13 Supplies 121 50,000

Cash 101 10,000
Accounts Payable 201 40,000
 Purchased Supplies on the terms: 20%
down payment. Issuing Check #002.
Balance payable in 30 days. Received
Invoice #1352 from A1 Merchandising.

15 Salaries Expense 503 60,000

Cash 101 60,000
General Journal Page 2
Date Particulars F Debit Credit
Paid employees’ salaries, issued Check
#003.

19 Cash 101 40,000

Accounts Receivable 111 40,000
Collected Rental Fees from De La Cruz
and Partners Law Firm. issued Official
Receipt #002.

20 Cash 101 75,000

Rental Fees 401 75,000
Received Cash from Chan Lee
Photography Studio as rental fees.
Issued Invoice #003 and Official Receipt
#003.

23 Faith D. Nakpil, Drawings 302 25,000

Supplies 121 5,000
Cash 101 20,000
Owner withdrew Cash and Supplies for
personal use. Issued Check #005.

24 Accounts Payable 201 30,000

Cash 101 30,000
Paid the account due to Agno Supplies.
Issued Check #004.

25 Accounts Receivable 111 96,000

Cash 24,000
Rental Fees 401 120,000
 Issued Invoice #004 Bohringer Media
Productions for rental fees payable by
client on the terms 20% down payment
and balance payable in 30 days. Issued
Official Receipt #004 for the down
payment received.

26 Repair Expense 502 12,000

Cash 101 12,000
Paid for equipment repairs. Issued
Check #006.

27 Notes Payable 202 100,000

Faith D. Nakpil, Capital 301 100,000
Owner made a partial payment for the
note issued to Office Plus, using
personal funds.

General Journal Page 3

Date Particulars F Debit Credit
28 Utilities Expense 504 38,000
Cash 101 38,000
Paid the light, water, and internet bills.
Issued Check #007.

29 Rent Expense 501 100,000

Cash 101 100,000
Paid the rent for the month. Issued
Check #008.

30 Salaries Expense 503 60,000

Cash 101 60,000
Paid employees’ salaries. Issued Check
#009.
1,380,000 1280000
Assets
Cash Account No. 101
Date Explanation F Debit
2-Jan Initial Investment of Cash by owner GJ P 500,000
3 Downpayment for equiptment GJ
7 Cash collected from Aim High Corporation GJ ₱ 50,000
13 Downpayment for purchased supplies GJ
15 Salary Payment GJ

19 Cash collected fro De La Cruz and Partners Law Firm GJ ₱ 40,000

20 Cash collected from Chan Lee Photography Studio GJ ₱ 75,000
23 Cash Drawing GJ
24 Payment for account due to Agno Supplies GJ
Downpayment collected from Bohringer Media
25 Production GJ ₱ 24,000
26 Equiptment repairs payment GJ
28 Utilities Expense payment GJ
29 Rent Expense Payment GJ
30 Salary Payment GJ

Accounts
Receivable Account No. 111
Date Explanation F Debit
Unpaid rental fees from De La Cruz and Partners Law
9-Jan Firm GJ ₱ 80,000
Partial payment collected from De La Cruz and
19 Partners Law Firm GJ
Partial unpaid rental fees from Bohringer Media
25 Productions GJ ₱ 96,000

Supplies Account No. 121

Date Explanation F Debit
4-Jan Purchased supplies from Agno Supplies GJ ₱ 35,000
8 Returned defective supplies to Agno Supplies GJ
13 Purchased supplies from A1 Merchandising GJ ₱ 50,000
23 Owner took out supplies for personal use GJ

Equiptment Account No. 131

Date Explanation F Debit
3-Jan Purchased equiptment from Office Plus GJ ₱ 400,000

Furniture Account No. 132

Date Explanation F Debit
 2-Jan Old furniture and shelves GJ ₱ 100,000

Liabilities
Accounts
Payable Account No. 201
Date Explanation F Debit
4-JanSupplies purchased from Agno Supplies GJ
8Return of defective supplies to Agno Supplies GJ ₱ 5,000
Remaining account from supplies purchased from A1
13 Mechandising GJ
24 Paid balance of account due to Agno Supplies GJ ₱ 30,000

Notes Payable Account No. 202

Date Explanation F Debit
Purchased equiptment from Office Plus, due in 60
3-Jan days GJ
27 Partial payment to Office Plus for balance due GJ ₱ 100,000

Owner's Equity
Faith D. Nakpil,
Capital Account No. 301
Date Explanation F Debit
2-Jan Initial investment by the owner GJ
Partial payment made to Office Plus using Owner's
27 personal funds GJ

Faith D. Nakpil,
Drawing Account No. 302
Date Explanation F Debit
23-Jan Withdrew supplies and cash for personal use GJ ₱ 25,000

Revenues
Rental Fees Account No. 401
Date Explanation F Debit
7-Jan Received rental fees from Aim High Corporation GJ
Unreceived rental fees from De La Cruz and Partners
9 for Rental Fees GJ
Received rental fees from Chan Lee Photography
20 Studio GJ
Unreceived rental fees from Bohringer Media
25 Productions GJ
Expenses
Rent Expense Account No. 501
Date Explanation F Debit
29-Jan Payment for the rent of the month GJ ₱ 100,000

Repair Expense Account No. 502

Date Explanation F Debit
26-Jan Payment for equiptment repairs GJ ₱ 12,000

Salaries
Expense Account No. 503
Date Explanation F Debit
15-Jan Payment for emplayee's salaries GJ ₱ 60,000
30 Payment for emplayee's salaries GJ ₱ 60,000

Utilities
Expense Account No. 504
Date Explanation F Debit

28-Jan Payment for utility bills of lights, water, and internet GJ ₱ 38,000
Credit Balance
₱ 500,000
₱ 120,000 ₱ 380,000
₱ 430,000
₱ 10,000 ₱ 420,000
₱ 60,000 ₱ 360,000

₱ 400,000
₱ 475,000
₱ 20,000 ₱ 455,000
₱ 30,000 ₱ 425,000

₱ 449,000
₱ 12,000 ₱ 437,000
₱ 38,000 ₱ 399,000
₱ 100,000 ₱ 299,000
₱ 60,000 P 239,000

Credit Balance

₱ 80,000

₱ 40,000 ₱ 40,000

₱ 136,000

Credit Balance
₱ 35,000
₱ 5,000 ₱ 30,000
₱ 80,000
₱ 5,000 ₱ 75,000

Credit Balance
₱ 400,000

Credit Balance
 ₱ 100,000

Credit Balance
₱ 35,000 ₱ 35,000
₱ 30,000

₱ 40,000 ₱ 70,000
₱ 40,000

Credit Balance

₱ 280,000 ₱ 280,000
₱ 180,000

Credit Balance
₱ 600,000 ₱ 600,000

₱ 100,000 ₱ 700,000

Credit Balance
₱ 25,000

Credit Balance
₱ 50,000 ₱ 50,000

₱ 80,000 ₱ 130,000

₱ 75,000 ₱ 205,000

₱ 120,000 ₱ 325,000
Credit Balance
₱ 100,000

Credit Balance
₱ 12,000

Credit Balance
₱ 60,000
₱ 120,000

Credit Balance

₱ 38,000
 FDN Sport Center
Trial Balance
30-Jan-23
Acct No. Account Title Debit Credit
101 Cash ₱ 239,000
111 Accounts Receivable ₱ 136,000
121 Supplies ₱ 75,000
131 Equiptment ₱ 400,000
132 Furniture ₱ 100,000
201 Accounts Payable ₱ 40,000
202 Notes Payable ₱ 180,000
301 Faith D. Nakpil, Capital ₱ 700,000
302 Faith D. Nakpil, Drawing ₱ 25,000
401 Rental Fees ₱ 325,000
501 Rent Expense ₱ 100,000
502 Repair Expense ₱ 12,000
503 Salaries Expense ₱ 120,000
504 Utilities Expense ₱ 38,000
Totals ₱ 1,245,000 ₱ 1,245,000