Sophia C. Sierra Mrs.

Sobrevega
9-Bromine

General Journal Page Number 1

Date Particulars PR Debit Credit

2018

May 1 Cash 101 ₱150,000-

L. Soberano Capital 301 ₱150,000-

To record the initial investment.

4 Equipment 106 50,000-

Accounts payable 201 50,000-

To record the purchased equipment on account.

5 Supplies 101 17,000-

Cash 101 17,000-

To record purchased supplies for cash.

7 Prepaid rent 105 50,000-

Cash 101 50,000-

To record paid advance two month rent.

9 Accounts receivable 102 3,000-

Service income 401 3,000-

To record rendered repair service to a client on account.

10 Accounts payable 201 25,000-

Cash 101 25,000-

To paid half of the client.

12 Supplies 103 2,000-

Accounts payable 201 2,000-

 To record the purchased additional supplies on account.

General Journal Page

#2

Date Particulars PR Debit credit

2018

May 15 Cash 101 ₱1,500-

Accounts receivable 102 ₱1,500-

To record the received half payment from a client.

18 Utilities expense 501 2,800-

Cash 101 2,800-

To record paid telephones and electric bills.

20 Wage expense 502 3,000-

Cash 101 3,000-

To record assistant’s wage.

22 L.soberano drawing 101 1,000-

Cash 1,000-

To record withdraw cash for personal use

26 Cash 101 2,000-

Service income 401 2,000-

To record rendered service and received cash.

28 Notes receivable 103 5,000-

Service income 401 5,000-

To record rendered service with a note.

 31 Equipment 106 30,000-

Notes payable 202 30,000-

To record purchased equipment with written

promise to pay.

31 Advertising expense 503 200-

Cash 101 200-

To record paid monthly advertising.

Ledger Page number 1

Acct. Name: Cash Acct. #: 101

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 1 Invested GJ1 ₱150,000- ₱150,000

5 Purchased GJ1 ₱50,000- 100,000-

7 Payment in advance GJ1 800- 180,000-

10 Payment in half GJ1 25,000- 205,000-

15 Received payment GJ2 1,500- 248,500-

18 Payment GJ2 2,800- 251,300-

20 Payment GJ2 3,000- 254,300-

22 Withdrawal GJ2 1,000- 255,300-

26 Rendered service GJ2 2,000- 253,300-

31 Payment GJ2 200- 98,000-

Acct.Name: Account receivable Acct. #: 102

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 9 Rendered GJ1 ₱3,000- ₱3,000

15 Received GJ2 ₱1,500- 1,500

Acct.Name: Notes receivable Acct. #: 103

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 12 Purchased GJ1 ₱2,000- ₱2,000

28 Rendered GJ2 5,000- 5,000-
Acct.Name: Supplies Acct. #: 104

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 5 Purchased GJ1 ₱17,000- ₱17,000-

Acct.Name: Prepaid rent Acct. #: 105

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 7 Payment GJ1 ₱8,000- ₱8,000-

Acct.Name: Equipment Acct. #: 106

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 4 Purchased GJ1 ₱50,000- ₱50,000-

31 Purchased GJ2 30,000- 80,000-

Acct.Name: Accounts payable Acct. #: 201

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 4 Purchased GJ1 ₱50,000- ₱50,000-

10 Payment GJ1 ₱25,000 ₱25,000-
12 Purchased GJ1 2,000- ₱27,000-

Acct.Name: Notes payable Acct. #:

202

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 31 Purchased GJ2 ₱30,000- ₱30,000-

Acct.Name: L. Soberano Capital Acct. #: 301

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 1 invested GJ1 ₱150,000 ₱150,000-

Acct.Name: L. Soberano Drawing Acct. #: 302

Date Particulars PR Debit Credit Debit Credit

 2018 balance balance

May 22 Withdrawal GJ2 ₱1,000 ₱1,000

Acct.Name: Service income Acct. #: 401

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 9 Rendered GJ1 ₱50,000- ₱50,000-

26 Rendered GJ2 ₱25,000 ₱25,000-
28 Rendered GJ2 2,000- ₱27,000-

Acct.Name: Utilities expense Acct. #:

501

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 18 Payment GJ2 ₱1,000 ₱1,000

Acct.Name: Wage expense Acct. #: 502

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 20 Payment GJ2 ₱1,000 ₱1,000

Acct.Name: Advertisement expense Acct. #:

Date Particulars PR Debit Credit Debit Credit

balance balance
2018

May 31 Payment GJ2 ₱200 ₱200