R-Gem Louise G.

Manzon 11-CEO
Chart of Accounts

Assets 100 Owner’s Equity 300

Cash 101 Martin’s Capital 301
Cash in bank 102 Personal 302
Equipment 103
Machine 104 Income 400
Supplies 105 Service income 410
Account Receivable 106 Discount 415

Liabilities 200 Expense 500

Account Payable 201 Rent expense 510
Salary expense 520
Water Expense 525
Martin Dental Clinic
Date Account Titles/ PR Debit Credit
July 2019
1 Cash 101 P100 000
Equipment 103 P10 000
Martin’s Capital 301 P110 000
Initial Investment
2 Cash in bank 102 P20 000
Cash 101 P20 000
Deposit in Bank
3 Machine 104 P20 000
Cash 101 P20 000
Purchase of machine
5 Supplies 105 P1 000
Cash 101 P1 000
Purchase of supplies
7 Rent expense 510 P3 000
Cash 101 P3 000
Paid Rent expenses
12 Cash 101 P9 500
 Discount 415 P500
Service income 410 P10 000
Cash receipts
14 Supplies 105 P8 000
A/P – Dy 201 P8 000
Purchase of supplies on account
15 Salary 520 P5 000
Cash 101 P5 000
Payment for salary
19 Martin’s withdrawal 302 P2 000
Cash 101 P2 000
Owner’s personal withdraw
20 Water expense 525 P800
Cash 101 P800
Paid water expense
22 A/R – Mary 106 P6 000
Service income 410 P6 000
Cash receipts
26 Supplies 105 P500
Cash 101 P500
Purchase supplies
28 Cash 101 P3 000
Service income 410 P3 000
Service rendered
29 Cash 101 P6 000
A/R – Mary 106 P6 000
Cash receipts in accounts

POSTING
Cash Account #101
Date Explanation F Debit Credit Balance
1 Initial Investment GJ-1 P100 000 P100 000
2 Deposit in Bank GJ-1 P20 000 P80 00
3 Purchase of machine GJ-1 P20 000 P60 000
5 Purchase of supplies GJ-1 P1 000 P59 000
7 Paid Rent expenses GJ-1 P3 000 P56 000
12 Cash receipts GJ-1 P9 500 P65 500
15 Payment for salary GJ-2 P5 000 P60 500
19 Owner’s personal withdraw GJ-2 P2 000 P58 500
20 Paid water expense GJ-2 P800 P57 700
26 Purchase supplies GJ-2 P500 P57 200
28 Service rendered GJ-2 P3 000 P60 200
29 Cash receipts in accounts GJ-2 P6 000 P66 200
 Cash in bank Account #102
Date Explanation F Debit Credit Balance
2 Deposit in Bank GJ-1 P20 000 P20 000
Equipment Account #103
Date Explanation F Debit Credit Balance
1 Initial Investment GJ-1 P10 000 P10 000
Machine Account #104
Date Explanation F Debit Credit Balance
3 Purchase of machine GJ-1 P20 000 P20 000
Supplies Account #1O5
Date Explanation F Debit Credit Balance
5 Purchase of supplies GJ-1 P1 000 P1 000
14 Purchase of supplies on account GJ-2 P8 000 P9 000
26 Purchase supplies GJ-2 P500 P9 500
Account receivable Account #106
Date Explanation F Debit Credit Balance
22 Balance of Mary GJ-2 P 6 000 P 6 000
29 Collected GJ-2 P 6 000 0
Account Payable Account #201
Date Explanation F Debit Credit Balance
14 Purchase of supplies on account GJ-2 P8 000 (P8 000)
Martin’s Capital Account #301
Date Explanation F Debit Credit Balance
1 Initial Investment GJ-1 P110 000 (P110 000)
Personal Account #302
Date Explanation F Debit Credit Balance
19 Martin’s withdrawal GJ-2 P2 000 P2 000
Service income Account #410
Date Explanation F Debit Credit Balance
12 Service income GJ-1 P10 000 (P10 000)
26 Service income GJ-2 P6 000 (P16 000)
28 Service income GJ-2 P3 000 (P19 000)
Discount Account #415
Date Explanation F Debit Credit Balance
12 Discount GJ-1 P500 P500
Rent expense Account #510
Date Explanation F Debit Credit Balance
 7 Paid Rent expenses GJ-1 P3 000 P3 000
Salary expense Account #520
Date Explanation F Debit Credit Balance
15 Payment for salary GJ-2 P5 000 P5 000
Water Expense Account #525
Date Explanation F Debit Credit Balance
20 Paid water expense GJ-2 P800 P800

Trial Balance
Dental Clinic business
Cash P66 200
Cash in bank P20 000
Equipment P10 000
Machine P20 000
Supplies P9 500
Account payable P8 000
Martin’s Capital P110 000
Personal P2 000
Service income P19 000
Discount P500
Rent expense P3 000
Salary expense P5 000
Water Expense P800
Total P137 000 P137 000