Assets

Cash 110
Accounts Receivable 120
Clinic supplies 130
Prepaid Insurance 140
Prepaid Rent 150
Equipment 160
Furniture and Fixtures 170
Accumulated Depreciation-Furniture and Fixtures 180

Liabilities
Accounts Payable 210
Notes Payable 220
Mortage Payable 230
Unearned Revenue 240

Owners equity
Asis, Withdrawal 310

Revenue
Suri Asis Revenue 410

Expenses
Depreciation Expense-Furniture and Fixtures 510
Interest Expense 520
Rent Expense 530
Salary Expense 540
Supplies Expense 550
Utilities Expense 560

11-Apr

13-Apr

15-Apr
18-Apr

20-Apr

22-Apr

23-Apr

24-Apr

27-Apr

30-Apr
General Journal Journal Entries
Date Account title and Explanation Ref. No. Debit Credit
1-Apr Saving Account 500,000

Angel Madlambayan, Capital 500,000

2-Apr Equipments 45,000

Cash 45,000

4-Apr Service Vehicle 300,000

Cash 100,000

Notes payable 200,000

5-Apr Supplies, EDF. Inc 20,000

Accounts Payable 20,000

8-Apr Prepaid Marketing expense 30,000

Cash 30,000

9-Apr Cash 20,000

Service revenue 20,000

10-Apr Accounts Payable 10,000

Cash 10,000

11-Apr Accounts Receivable 15,500

Service rendered 15,500

13-Apr Supplies 7,200

Cash 7,200

15-Apr Salary expense 10,000

Cash 10,000
18-Apr Accounts Receivable 22,100

Service rendered 22,100

20-Apr Utility Expense 6,500

Cash 6,500

22-Apr Cash 8,000

Accounts Receivable 8,000

23-Apr Notes Payable 30,000

Cash 30,000

24-Apr Cash 10,000

Service revenue 10,000

27-Apr Miscellaneous expenses 7,000

Cash 7,000

30-Apr Salary expense 10,000

Cash 10,000

Total 1,051,300 1051300

 Ledger

Cash
2-Apr 45,000

4-Apr 100,000

8-Apr 30,000

9-Apr 20,000

10-Apr 10,000

13-Apr 7,200

15-Apr 10,000

20-Apr 6,500

22-Apr 8,000

23-Apr 30,000

24-Apr 10,000

27-Apr 7,000

30-Apr 10,000

Saving Account
1-Apr 500,000

Capital
1-Apr 500,000

Equipment
2-Apr 45,000

Service vehicle
4-Apr 300,000

Notes Payable
 4-Apr 200,000

23-Apr 30,000

Supplies
5-Apr 20,000

13-Apr 7,200

Accounts Payable
5-Apr 20,000

10-Apr 10,000

Service Revenue
9-Apr 20,000

24-Apr 10,000

Service Rendered
11-Apr 15,500

18-Apr 22,100

Prepaid Advertising
8-Apr 30,000

Utility Expense
20-Apr 6,500

Miscellaneous expenses
27-Apr 7,000

Salary Expense
15-Apr 10,000

30-Apr 10,000

Accounts Receivable
11-Apr 15,500

18-Apr 22,100
22-Apr 8,000
 Trail balance of ABC Logistics on the Month of April
Account Title Debit Credit
Cash 217,700

Saving Account 500,000

Capital 500,000

Equipment 45,000

Service vehicle 300,000

Notes Payable 170,000

Supplies 27,200

Accounts Payable 10,000

Service Revenue 30,000

Service Rendered 37,600

Prepaid Advertising 30,000

Utility Expense 6,500

Miscellaneous expenses 7,000

Accounts Recievable 29,600

Salary Expense 20,000

965300 965,300
 TASK 3
TASK 3
Effects of Errors on the Trial Balance
Which of the following errors would cause a trial balance to have
unequal totals? Explain your answers briefly. State the amount of
error, if there’s any.
1. A payment of 20, 000 to a creditor for an account payable was
debited to accounts receivable and credited to cash
a. The Trial is balance, but there is error in journal entry
2. A purchase of furniture of P15, 000 in cash wash recorded as
debit to furniture and fixtures of P1, 500 and credited to cash for
P1, 500.
-The amount is balanced, but there is error in the recordings
3. A payment to a creditor was recorded as debit to accounts
payable for P5, 700 and as a credit to cash for 7, 500.
The trial balance Is un equal. Journalizing and amount encoding is
wrong.
 Task 4

When I grow up, I want to become an accountant. This subject has taught me the pillars of my future. In Michael
Jordan’s words “The minute you get away from fundamentals – whether its proper technique, work ethic or
mental preparation – the bottom can fall out of your game, your schoolwork, your job, whatever you're doing.” In
this subject I’ve learned the basics of accounting and business. The terms I need to understand and master to
prosper in my future. I also learned some basic techniques in accounting. This can help me work more efficiently
and productively once I’m working. Lastly, I learned that through mistakes, I am able to learn more than cheating.
I have learned to accept my mistakes rather than treat them as problems. Mistakes are Lessons unrealized. If we
begin to acknowledge them as guides, we begin to see the right way out of the problems we face.
 my future. In Michael
nique, work ethic or
tever you're doing.” In
stand and master to
work more efficiently
n more than cheating.
sons unrealized. If we
blems we face.