PILARDO GABUCAN, C.P.A.

JOURNAL ENTRY

Date Particulars F Dr. Cr.

2023 May 2 Cash 101 92,500.00
Gabucan, Capital 301 92,500.00
Initial investment

3 Office Equipment 106 36,800.00

Accounts Payable 201 36,800.00
Acquired office equipment on account

4 Office Supplies 104 17,100.00

Accounts Payable 201 17,100.00
Purchased office supplies on account

6 Accounts Receivable 102 29,200.00

Professional Fee Income 401 29,200.00
Rendered services on account

7 Accounting Library 107 19,500.00

Cash 101 19,500.00
Purchased accounting and tax books

8 Accounts Payable 201 4,100.00

Cash 101 4,100.00
Partial payment

10 Office Condominium 105 265,000.00

Cash 101 38,000.00
Notes Payable 202 227,000.00
Acquired condiminium on cash and account basis

12 Salaries Expense 501 14,200.00

Cash 101 14,200.00
Paid salaries

13 Cash 101 9,750.00

Accounts Receivable 102 9,750.00
Received partial payment

16 Utilities Expense 503 650.00

Cash 101 650.00
Paid PLDT bill

19 Cash 101 14,600.00

 Professional Fee Income 401 14,600.00
Rendered services

22 Office Supplies 104 4,650.00

Accounts Payable 201 4,650.00
Acquired office supplies on account

23 Gabucan, Drawing 302 8,150.00

Cash 101 8,150.00
Withdrew cash for personal use

25 Salaries Expense 501 10,300.00

Cash 101 10,300.00
Paid salaries

26 Notes Receivable 103 31,600.00

Professional Fee Income 401 31,600.00
Rendered services

27 Professional Dues Expense 504 5,500.00

Cash 101 5,500.00
Paid professional dues

28 Rent Expense 502 3,250.00

Cash 101 3,250.00
Paid rent for photocopying machine
 PILARDO GABUCAN, C.P.A.
LEDGER

CASH 101
Date Particulars F Dr. Date Particulars F Cr.
May 2 GJ1 92,500.00 May 7 GJ1 19,500.00
13 GJ1 9,750.00 8 GJ1 4,100.00
19 GJ2 14,600.00 10 GJ1 38,000.00
116,850.00 12 GJ1 14,200.00
16 GJ1 650.00
23 GJ2 8,150.00
25 GJ2 10,300.00
27 GJ2 5,500.00
28 GJ2 3,250.00
103,650.00 103,650.00
13,200.00

ACCOUNTS RECEIVABLE 102

Date Particulars F Dr. Date Particulars F Cr.
May 6 GJ1 29,200.00 May 13 GJ1 9,750.00
19,450.00

NOTES RECEIVABLE 103

Date Particulars F Dr. Date Particulars F Cr.
May 26 GJ2 31,600.00
31,600.00

OFFICE SUPPLIES 104

Date Particulars F Dr. Date Particulars F Cr.
May 4 GJ1 17,100.00
22 GJ2 4,650.00
21,750.00

OFFICE CONDOMINIUM 105

Date Particulars F Dr. Date Particulars F Cr.
May 10 GJ1 265,000.00
265,000.00

OFFICE EQUIPMENT 106

Date Particulars F Dr. Date Particulars F Cr.
May 3 GJ1 36,800.00
36,800.00

ACCOUNTING LIBRARY 107

 Date Particulars F Dr. Date Particulars F Cr.
May 7 GJ1 19,500.00
19,500.00

ACCOUNTS PAYABLE 201

Date Particulars F Dr. Date Particulars F Cr.
May 8 GJ1 4,100.00 May 3 GJ1 36,800.00
4 GJ1 17,100.00
22 GJ2 4,650.00
4,100.00 58,550.00
54,450.00

NOTES PAYABLE 202

Date Particulars F Dr. Date Particulars F Cr.
May 10 GJ1 227,000.00
227,000.00

GABUCAN, CAPITAL 301

Date Particulars F Dr. Date Particulars F Cr.
May 2 GJ1 92,500.00
92,500.00

GABUCAN, DRAWING 302

Date Particulars F Dr. Date Particulars F Cr.
May 23 GJ2 8,150.00
8,150.00

PROFESSIONAL FEE INCOME 401

Date Particulars F Dr. Date Particulars F Cr.
May 6 GJ1 29,200.00
19 GJ2 14,600.00
26 GJ2 31,600.00
75,400.00

SALARIES EXPENSE 501

Date Particulars F Dr. Date Particulars F Cr.
May 12 GJ1 14,200.00
25 GJ2 10,300.00
24,500.00

RENT EXPENSE 502

Date Particulars F Dr. Date Particulars F Cr.
May 28 GJ2 3,250.00
3,250.00

UTILITIES EXPENSE 503

Date Particulars F Dr. Date Particulars F Cr.
May 16 GJ1 650.00
650.00

PROFESSIONAL DUES EXPENSE 504

Date Particulars F Dr. Date Particulars F Cr.
May 27 GJ2 5,500.00
5,500.00
#REF!
#REF!
 PILARDO GABUCAN, C.P.A
Trial Balance
May 30, 2023

Dr. Cr.
Cash 13,200.00
Accounts Receivable 19,450.00
Notes Receivable 31,600.00
Office Supplies 21,750.00
Office Condominium 265,000.00
Office Equipment 36,800.00
Accounting Library 19,500.00
Accounts Payable 54,450.00
Notes Payable 227,000.00
Gabucan, Capital 92,500.00
Gabucan, Drawing 8,150.00
Professional Fee Income 75,400.00
Salaries Expense 24,500.00
Rent Expense 3,250.00
Utilities Expense 650.00
Professional Dues Expense 5,500.00

449,350.00 449,350.00