Attachment A

Loose Leaf Ledger

Attachment B
(Loose Leaf Ledger with Heading Label
Showing the “Debit” – Left Side and “Credit” Right Side of the T-Account)

Date Particulars F Debit Date Particulars F Credit

 Attachment C
Chart of Accounts

Assets: Revenue/Income:
101 – Cash in Bank 401 – Rental Income
102 – Prepaid Insurance Expenses:
103 – Utility Van Supplies 501 – Battery Rental Expense
104 – Utility Van 502 – Vulcanizing Expense
Liabilities: 503 –Taxes & Licenses
201 – Accounts Payable 504 – Repairs & Maintenance
Capital:
301 – R. Murillo, Capital
302 – R. Murillo, Drawing

Attachment D
Procedure in Posting
Journal Entries to the Ledger

1st Step – In the journal, look for the first journal entry involving Cash in Bank and turn the
ledger page/sheet where the account Cash in Bank is located;

2nd Step – In the ledger of the account Cash in Bank enter in the Date column at the left side
(debit) of the said ledger the date when the transaction occurred as shown in the
journal;
3rd Step – In the Particular column of the ledger, state briefly the nature of the transaction, how
cash existed in the record. (see explanation in the of the transaction in the journal;

4th Step – In the Folio column of the ledger, write down the page of the journal where the
account Cash in Bank entry was taken and simultaneously, write down in the Folio
column of the journal the account or page number assigned to the account Cash in
Bank. This is called cross-referencing;

5th Step – Enter in the Debit Money column of the ledger Cash in Bank the amount and the
same procedure is followed in posting the next account and subsequent journal
entries.
Attachment E
Cash in Bank
Date Particulars F Debit Date Particulars F Credit
Feb. 2016 Feb. 2016
2 Initial Investment 1 60,000.00 3 Payment for Insurance 1 4,500.00
10 Rental income 1 5,100.00 5 Payment for T & L 1 3,500.00
17 Rental income 1 4,800.00 8 Payment for R & M 1
28 Rental income 1 4,400.00 and Battery Rental 1,950.00
18 Payment for Vulcani- 1
zing Expense 1,120.00
20 R. Murillo, Drawing 1 2,000.00
Payment of
29 Accounts 1 2,550.00
74,300.00 15,620.00
58,680.00

Attachment F
Rental Income
Date Particulars F Debit Date Particulars F Credit
Feb. 2016 Feb. 2016
10 Rendered Services 1 5,100.00
17 Rendered Services 1 4,800.00
28 Rendered Services 1 4,400.00
14,300.00
Attachment G
Accounts Payable
Date Particulars F Debit Date Particulars F Credit
Feb. 2016 Feb. 2016
29 Payment of Account 1 3,880.00 14 Purchase of Supplies 1 3,880.00
on Account
0

Learning Objectives:

 Given a journal entries, you are expected to classify journal entries in the
General Ledger.

 In posting journal entries to the ledger, you should observe with diligence
and veracity the correct steps to arrive at the correct account balances.

 After a thorough class discussion, you are expected to construct a T-Account

for similar transactions .
Attachment H

Loose Leaf General Journal

with Journal Entries

Date Particulars Debit Credit

February
2 Cash in Bank 60,000.00
Utility Van 450,000.00
R. Murillo, Capital 510,000.00
R. Murillo’s initial investment

3 Prepaid Insurance 4,500.00

Cash in Bank 4,500.00
Paid Insurance Policy

5 Taxes and Licenses 3,500.00

Cash in Bank 3,500.00
Paid Taxes and Licenses

8 Repairs and Maintenance 1,350.00

Battery Rental Expense 600.00
Cash in Bank 1,950.00
Paid for Repairs and Maintenance &
Battery Rental

10 Cash in Bank 5,100.00

Rental Income 5,100.00
Income on Services Rendered

14 Utility Van Supplies 3,880.00

Accounts Payable 3,880.00
Purchased of Van Supplies on
Account

17 Cash in Bank 4,800.00

Rental Income 4,800.00
Income on Services Rendered
18 Vulcanizing Expense 1,120.00
1,120.00
Cash in Bank
Paid Vulcanizing Expense

20 R. Murillo, Drawing 2,000.00

Cash in Bank 2,000.00
Cash withdrawn by R. Murillo

28 Cash in Bank 4,400.00

Rental Income 4,400.00
Income on Services Rendered

29 Account Payable 3,880.00

Cash in Bank 3,880.00
Paid its account for Van Supplies