Makaka Move On Din Ako

Computer Shop
 Date Particulars Debit Credit Date Particulars Debit Credit
2019 Feb 2019 Feb
1 Cash ₱ 500,000.00 8 Cash 50,000.00
Iyo, Capital ₱ 500,000.00 Service Income 50,000.00
Cash investment of Ms. Iyo Rendered service to Mr. Fall and received cash

2 Taxes and Licenses 10,000.00

12 Accounts Receivable 25,000.00
Cash 10,000.00
Service Income 25,000.00
Paid cash for Taxes and Licenses
Rendered service to Mr. Paasa on Account
3 Equipment 150,000.00
Cash 100,000.00 14 Salaries Expense 15,000.00
Accounts Payable 50,000.00 Cash 15,000.00
Purchase computer on cash and on acct. Paid cash for salary of Mr. Ko.

4 Advertising Expense 5,000.00 15 Utilities Expense 2,000.00

Cash 5,000.00 Cash 2,000.00
Paid cash for advertising expense Paid electric bill

5 Rent Expense 10,000.00 16 Iyo, Drawing 5,000.00

Cash 10,000.00 Cash 5,000.00
Paid cash for rent Withdrew cash for personal use

6 Supplies Expense 5,000.00 777,000.00 777,000.00

Cash 5,000.00
Purchase supplies and paid cash
 CASH ACCOUNTS RECEIVABLE EQUIPMENT ACCOUNTS PAYABLE
Feb 1 P500,000 Feb 2 P10,000 Feb 12 P25,000 Feb 3 P150,000 Feb 3 P50,000
Feb 8 50,000 Feb 3 100,000
P25,000 P150,000 P 50,000
Feb 4 5,000
Feb 5 10,000
Feb 6 5,000
Feb 14 15,000
Feb 15 2,000
Feb 16 5,000
550,000 152,000 AYOKONASA IYO, DRAWING SERVICE INCOME SALARIES EXPENSE
P398,000 Feb 14 P15,000
Feb 16 P 5,000 Feb 8 P50,000 P15,000
AYOKONASA IYO, CAPITAL
P 5,000 Feb 12 25,000
Feb 1 P500,000 P75,000 SUPPLIES EXPENSE
P500,000
Feb 6 P5,000
P5,000

TAXES AND LICENSES UTILITIES RENT EXPENSE

Feb 2 P10,000 Feb 15 P 2,000 Feb 5 P10,000
P10,000 P2,000 P10,000

ADVERTISING EXPENSE
Feb 4 P5,000
P5,000
 Account Titles Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash 398,000.00 398,000.00 398,000.00
Accounts Receivable 25,000.00 25,000.00 25,000.00
Equipment 150,000.00 150,000.00 150,000.00
Accounts Payable 50,000.00 50,000.00 50,000.00
Ayokonasa Iyo, Capital 500,000.00 500,000.00 500,000.00
Ayokonasa Iyo, Drawing 5,000.00 5,000.00 5,000.00
Service Income 75,000.00 75,000.00 75,000.00
Salaries Expense 15,000.00 15,000.00 15,000.00
Taxes and Licenses 10,000.00 10,000.00 10,000.00
Utilities Expense 2,000.00 2,000.00 2,000.00
Rent Expense 10,000.00 2,000.00 8,000.00 8,000.00
Supplies Expense 5,000.00 2,000.00 3,000.00 3,000.00
Advertising Expense 5,000.00 5,000.00 5,000.00
TOTALS ₱ 625,000.00 ₱ 625,000.00
Unused Supplies 2,000.00 2,000.00 2,000.00
Prepaid Rent 2,000.00 2,000.00 2,000.00
Depreciation Expense 1,000.00 1,000.00 1,000.00
Accumulated Depreciation 1,000.00 1,000.00 1,000.00
₱ 5,000.00 ₱ 5,000.00 ₱ 626,000.00 ₱ 626,000.00 44,000.00 75,000.00
Net Income 31,000.00 31,000.00
TOTALS 75,000.00 75,000.00 582,000.00 582,000.00