Date
January Account Title Debit (P) Credit (P)
2024
1 Cash on Hand P 50,000
Momo Ong, Capital 50,000
2 Business Permits / T&L 5,000
Cash on Hand 5,000
3 Furniture and Fixtures 4,000
Accounts Payable (Kaykayo Furniture) 4,000
5 Supplies 3,000
Cash on Hand 1,500
Notes Payable (Buokan Trading) 1,500
7 Tools and Equipment 10,000
Cash on Hand 7,000
Accounts Payable (Gupitan Equipment) 3,000
14 Notes Payable (Buokan Trading) 1,500
Cash on Hand 1,500
Accounts Payable (Kaykayo Furniture) 4,000
Cash on Hand 4,000
15 Salaries Expense 5,000
Cash on Hand 5,000
16 Cash on Hand 15,000
Service Revenue/Income 15,000
17 Cash in Bank 15,000
Cash on Hand 15,000
21 Accounts Payable (Gupitan Equipment) 3,000
Cash in Bank 3,000
22 Utilities Expense 4,000
Cash on Hand 4,000
25 Cash on Hand 10,000
Service Revenue/Income 10,000
26 Cash on Hand 20,000
Service Revenue/Income 20,000
27 Cash in Bank 30,000
Cash on Hand 30,000
29 Utilities Expense 2,000
Cash on Hand 2,000
30 Rent Expense 5,000
Cash on Hand 5,000
31 Salaries Expense 5,000
Cash on Hand 5,000
Cash on Hand
Date
January Particulars / Description Debit (P) Credit (P)
2024
1 Momo Ong, Capital 50,000
2 Business Permits 5,000
5 Supplies 1,500
7 Tools and Equipment 7,000
14 Notes Payable (Buokan Trading) 1,500
Accounts Payable (Kaykayo Furniture) 4,000
15 Salaries Expense 5,000
16 Service Revenue 15,000
17 Cash in Bank 15,000
21 Accounts Payable (Gupitan Equipment) 3,000
22 Utilities Expense 4,000
25 Service Revenue 10,000
26 Service Revenue 20,000
27 Cash in Bank 30,000
29 Utilities Expense 2,000
30 Rent Expense 5,000
31 Salaries Expense 5,000
Momo Ong, Capital
Date Particulars Debit (P) Credit (P)
1 Cash 50,000
Balance (P)
50,000
45,000
43,500
36,500
35,000
31,000
26,000
41,000
26,000
23,000
19,000
29,000
49,000
19,000
17,000
12,000
7,000
Balance (P)
50,000
