Name: FATIMAH ANGKUA V.

Ayuban
BSBA FM1-1 Journal entry
For the month ended of March
DATE PARTICULAR DEBIT CREDIT
Mar-01 Cash in bank 300,000
Furnitures and fixtures 150,000
Mr. V. Ayuban Capital 450,000
-to record investment.

Mar-02 License expense 3,400

Cash in bank 3,400
-to record license expense.

Mar-04 Office equipment 250,000

Notes payable 250,000
-to record purchase office equipment.

Mar-11 Purchases 25,000

Accounts Payable(R. Ybanez trading) 25,000
-to record purchased merchandise on account.

Mar-15 Accounts receivable 15,000

Sales 15,000
-to record sales on account

Mar-20 Accounts payable 25,000

Cash in bank 24,500
purchase account 500
-to record payment withing discount period.

Mar-24 Cash in bank 14,550

Sales discount 450
Account receivbale 15,000
-to record collection of receivable within discount period.

Total Debit: 783,400

Total Credit: 783,400