WILLIAM DIZON

CHART OF ACCOUNTS

ACCT. # ACCOUNT NAME

101 Cash
102-A Accounts Receivable- Robert Cruz
102-B Accounts Receivable- Doriz Mendoza
102-C Accounts Receivable- Warner Holding Co.,
103 Office Equipment
105 Automobile
201 Accounts Payable- Manila Company
203 Unearned Income
301 W. Dizon, Capital
302 W. Dizon, Drawing
401 Service Income
501 Salary Expense
502 Rent Expense
503 Communication Expense
504 Utilities Expense
505 Supplies Expense
506 Miscellaneous Expense
 WILLIAM DIZON
JOURNAL ENTRIES

DATE ACCOUNT PR DEBIT CREDIT

Jun-21 1 Rent Expense 502 6,000.00
Cash 101 6,000.00
Description: Paid rent for the month

3 Accounts Receivable-Robert Cruz 102-A 7,500.00

Service Income 401 7,500.00
Description: Received a partial payment from a customer for service rendered on May

5 Utilities Expense 504 1,750.00

Cash 101 1,750.00
Description: Paid electric bill

8 Accounts Receivable- Doriz Mendoza 102-B 8,500.00

Service Income 401 8,500.00
Description: Service Rendered from a customer on account

10 Communication Expense 503 1,050.00

Cash 101 1,050.00
Description: Paid Communication expense.

11 Automobile 105 150,000.00

Accounts Payable- Manila Company 201 150,000.00
Description: Additional investment of an automobile

14 Salary Expense 501 4,500.00

Cash 101 4,500.00
Description: Paid employee salary

17 Cash 101 8,500.00

Accounts Receivable- Doriz Mendoza 102-B 8,500.00
Description: Received cash for service rendered

19 Accounts Receivable-Warner Holding Co., 102-C 15,000.00

Service Income 401 15,000.00
Description: Service rendered from a customer on account

24 Accounts Payable- Manila Company 201 9,000.00

Cash 101 9,000.00
Description: Partial Payment of investment to Manila company

25 Supplies Expense 505 950.00

Cash 101 950.00
Description: Bought Supplies
28 Miscellaneous Expense 506 650.00
Cash 101 650.00
Description: Paid miscellaneous

30 W. Dizon, Drawing 302 6,000.00

Cash 101 6,000.00
Description: withdraw a cash for personal use

30 Cash 101 3,000.00

Unearned Revenue 203 3,000.00
Description: Received a cash advance to be rendered on August 2021
 GENERAL LEDGER
Cash 101
DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 23,500.00 23,500.00
Jun-21 1 GJ1 6,000.00 17,500.00
5 GJ1 1,750.00 15,750.00
10 GJ1 1,050.00 14,700.00
14 GJ1 4,500.00 10,200.00
17 GJ1 8,500.00 18,700.00
24 GJ1 9,000.00 9,700.00
25 GJ1 950.00 8,750.00
28 GJ1 650.00 8,100.00
30 GJ1 6,000.00 2,100.00
30 GJ1 3,000.00 5,100.00

Accounts Receivable - Robert Cruz 102-A

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 17,500.00 17,500.00
21-Jun 3 7,500.00 25,000.00

Accounts Receivable- Doriz Mendoza 102-B

DATE DESCRIPTION F Debit Credit Balance
Jun-21 8 Beginning GJ1 8,500.00 8,500.00
17 8,500.00 0.00

Accounts Receivable- Warner Holding Co., 102-C

DATE DESCRIPTION F Debit Credit Balance
21-Jun 19 Beginning GJ1 15,000.00 15,000.00

Office Equipment 103

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 27,500.00 27,500.00

Automobile 105
DATE DESCRIPTION F Debit Credit Balance
21-Jun 11 Beginning 150,000.00 150,000.00

Accounts Payable - Manila Company 201

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 18,500.00 18,500.00
Jun-21 11 150,000.00 168,500.00
24 9,000.00 159,500.00

Unearned Income 203

DATE DESCRIPTION F Debit Credit Balance
 Jun-21 30 Beginning GJ1 3,000.00 3,000.00

W. Dizon, Capital 301

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 52,100.00 52,100.00
Jun-21 30 closing 8,000.00 60,100.00

W. Dizon, Drawing 302

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 11,000.00 11,000.00
Jun-21 30 6,000.00 17,000.00
30 Closing 0.00

Service Income 401

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 43,000.00 43,000.00
Jun-21 3 7,500.00 50,500.00
8 8,500.00 59,000.00
19 15,000.00 74,000.00

Salary Expense 501

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 9,000.00 9,000.00
Jun-21 14 4,500.00 13,500.00
30 closing 13,500.00 0.00

Rent Expense 502

DATE DESCRIPTION F Debit Credit Balance
May-21 30 Beginning GJ1 18,000.00 18,000.00
21-Jun 1 6,000.00 24,000.00
30 closing 24,000.00 0.00
 WILLIAM DIZON
INCOME STATEMENT
June 30 2021

Income
Service Income 74,000.00

EXPENSES
Salary Expense 13,500.00
Rent Expense 24,000.00
Communication Expense 3,900.00
Utility Expernse 4,000.00
Supplies Expense 2,200.00
Miscellaneous Expense 1,400.00
Total Expenses 49,000.00
NET INCOME 25,000.00
 WILLIAM DIZON
TRIAL BALANCE
June 30, 2021

ACCT. NO. ACCOUNT TITLE DEBIT CREDIT

101 Cash 5,100.00

102-A Accounts Receivable- Robert Cruz 25,000.00
102-B Accounts Receivable- Doriz Mendoza 0.00
102-C Accounts Receivable- Warner Holding Co., 15,000.00
103 Office Equipment 27,500.00
105 Automobile 150,000.00
201 Accounts Payable- Manila Company 159,500.00
203 Unearned Income 3,000.00
301 W. Dizon, Capital 52,100.00
302 W. Dizon, Drawing 17,000.00
401 Service Income 74,000.00
501 Salary Expense 13,500.00
502 Rent Expense 24,000.00
503 Communication Expense 3,900.00
504 Utilities Expense 4,000.00
505 Supplies Expense 2,200.00
506 Miscellaneous Expense 1,400.00

TOTAL 288,600.00 288,600.00

 WILLIAM DIZON
BALANCE SHEET
as of June 30, 2021

ASSETS
Current Assets Cash 5,100.00
Accounts Receivable- Robert Cruz 25,000.00
Accounts Receivable- Doriz Mendoza 0.00
Accounts Receivable- Warner Holding Co., 15,000.00

Non-current Assets Office Equipment 27,500.00

Automobile 150,000.00
Total Assets 222,600.00

LIABILITIES
Current Liabilities Accounts Payable- Manila Company 159,500.00
Unearned Income 3,000.00
162,500.00
OWNER'S EQUITY
W. Dizon, Capital 60,100.00
Total Liabilities and Owner's Equity 222,600.00