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Date Account Titles and Explanation Debit ( ) Credit ( )

The document outlines a series of financial transactions for a business during March, detailing debits and credits across various accounts. Key transactions include cash inflows from service revenue and cash outflows for expenses like salaries and utilities. The total debits and credits reflect the company's financial activities, including capital contributions and prepaid expenses.

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12 views2 pages

Date Account Titles and Explanation Debit ( ) Credit ( )

The document outlines a series of financial transactions for a business during March, detailing debits and credits across various accounts. Key transactions include cash inflows from service revenue and cash outflows for expenses like salaries and utilities. The total debits and credits reflect the company's financial activities, including capital contributions and prepaid expenses.

Uploaded by

acctgsrvcs.hasslefree
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Date Account Titles and Debit (₱) Credit (₱)

Explanation

Mar 4 Cash 100,000.00

Accounts Receivable 15,000.00

Supplies 12,500.00

Office Equipment 75,000.00

202,500.00
Regie Lucas, Capital

Mar 4 Prepaid Rent 40,500.00

Cash 40,500.00

Mar 4 Prepaid Insurance 18,000.00

Cash 18,000.00

Mar 6 Cash 30,000.00

Unearned Revenue 30,000.00

Mar 7 Office Furniture 18,000.00

Accounts Payable 18,000.00

Mar 8 Cash 8,000.00

Accounts Receivable 8,000.00

Mar 11 Advertising Expense 1,200.00

Cash 1,200.00

Mar 12 Accounts Payable 8,000.00

Cash 8,000.00

Mar 15 Accounts Receivable 22,500.00

Service Revenue 22,500.00


Mar 15 Salaries Expense
4,000.00

Cash 4,000.00

Mar 15 Cash 31,750.00

Service Revenue 31,750.00

Mar 18 Supplies 7,500.00

Cash 7,500.00

Mar 22 Accounts Receivable 11,000.00

Service Revenue 11,000.00

Mar 22 Cash 18,500.00

Service Revenue 18,500.00

Mar 25 Cash 16,000.00

Accounts Receivable 16,000.00

Mar 27 Salaries Expense 4,000.00

Cash 4,000.00

Mar 28 Utilities Expense 1,300.00

Cash 1,300.00

Mar 29 Utilities Expense 2,000.00

Cash 2,000.00

Mar 29 Cash 20,500.00

Service Revenue 20,500.00

Mar 29 Accounts Receivable 10,000.00

Service Revenue 10,000.00

Mar 29 Salary Expense 45,000.00

Cash 45,000.00

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