Date Particulars PR Debit

July 2 Cash 101 900,000

Land 105 3,000,000
Building 106 2,000,000
Mortgage Payable 202
Mr. M. Union, Capital 301
Initial investment of Mr. M. Union

July 3 Miscellaneous Expense 505 4,500

Cash 101
Paid business permit and licenses

July 4 Office Furniture & Fixtures 107 36,000

Accounts Payable 201
Purchased office furniture on account from Slim Furniture.

July 5 Rent Expense 502 15,000

Cash 101
Paid rent for the month

July 7 Accounts Receivable 102 25,000

Professional Income 401
Billed customers for services rendered

July 8 Office Supplies 104 4,000

Cash 101
Purchased office supplies for cash

July 9 Office Equipment 108 40,000

Cash 101
Accounts Payable 201
Purchased a computer paying 50% down

July 10 Cash 101 7,100

Professional Income 401
Received cash for services rendered

July 11 Cash 101 15,000

Accounts Receivable 102
Collection of accounts receivable from credit clients

July 14 Salaries Expense 501 18,200

Cash 101
Paid semi- monthly salaries of employees

July 15 Cash 101 12,000

Accounts Receivable 102 48,000
 Professional Income 401
Rendered services for cash and on account

July 18 Mr. M. Union, Drawing 302 20,000

Cash 101
The owner withdrew cash for personal use

July 19 Telephone & Light Expense 503 6,200

Cash 101
Paid telephone and light

July 23 Mortgage Payable 202 25,000

Cash 101
Paid monthly amortization on the mortgage

July 24 Accounts Payable 201 36,000

Cash 101
Paid Slim Furniture in full

July 28 Cash 101 5,000

Accounts Receivable 102
Collection of accounts receivable from credit clients

July 30 Salaries Expense 501 16,000

Cash 101
Paid salaries for the second half of the month
Credit Trial Balance

800,000
5,100,000

4,500

36,000

15,000

25,000

4,000

20,000
20,000

7,100

15,000

18,200
60,000

20,000

6,200

25,000

36,000

5,000

16,000
JOURNAL ENTRIES:
Date Particulars Debit Credit
Sept 3 Computer Equipment 50,000
Cash 15,000
Accounts Payable 35,000
Purchased a new computer, 30% down, the balance in two
equal monthly installments

Sept 6 Cash 62,000

Accounts Receivable 62,000
Collection of accounts receivable from credit clients

Sept 8 Office Supplies 12,000

Cash 12,000
Bought supplies worth P12,000 in cash.

Sept 9 Accounts Receivable 32,000

Service Income 32,000
Billed customers for services rendered

Sept 15 Salaries Expense 17,200

Utilities Expense 9,400
Cash 26,600
Paid various expenses

Sept 22 Cash 20,000

Computer Equipment 20,000
Sold a worn-out computer unit, net of depreciation

Sept 23 Cash 38,000

Service Income 38,000
Rendered services to customers for cash

Sept 25 Cash 12,000

Accounts Receivable 12,000
Service Income 24,000
Rendered services for cash and on account

Sept 29 Salaries Expense 20,000

Cash 20,000
Paid monthly salaries of employees

Sept 30 Mr. M. Union, Drawing 12,000

Cash 12,000
The owner withdrew cash for personal use
 MARBLE COMPUTER SERVICE
Trial Balance
September 30, 2020

Debit Credit
Cash 438,800
Accounts Receivable 166,000
Notes Receivable 300,000
Office Supplies 27,600
Prepaid Insurance 26,400
Computer Equipment 150,500
Office Furniture & Equipment 460,000
Accounts Payable 136,900
Mr. Marble, Capital 1,200,000
Mr. Marble, Drawing 52,000
Service Income 434,000
Salaries Expense 67,200
Rent Expense 43,000
Taxes & Licenses 8,600
Advertising Expense 12,000
Utilities Expense 18,800
Total 1,770,900 1,770,900
T-ACCOUNTS
Cash Accounts Receivable
beg. 392,400 15,000 9/3 beg. 184,000 62,000 9/6
9/6 62,000 12,000 9/8 9/9 32,000
9/22 20,000 26,600 9/15 9/25 12,000

9/23 38,000 20,000 9/29

9/25 12,000 12,000 9/30 228,000 62,000

524,400 85,600 166,000

438,800

Accounts Payable
101,900 beg.
Solutions for CASH beg. Balance: 35,000 9/3
184,000
300,000
15,600 - 136,900
26,400
120,500 136,900
460,000
101,900
1,200,000
40,000 Taxes & Licenses
340,000 beg. 8,600
30,000
43,000
8,600
12,000 8,600 -
9,400
1,249,500 1,641,900 8,600

392,400
 Notes Receivable Office Supplies
beg. 300,000 beg. 15,600
9/8 12,000

300,000 - 27,600 -

300,000 27,600

M. Marble, Capital M. Marble, Drawing

1,200,000 beg. beg. 40,000
9/30 12,000

- 1,200,000 52,000 -

1,200,000 52,000

Advertising Expense Utilities Expense

beg. 12,000 beg. 9,400
9/15 9,400

12,000 - 18,800 -

12,000 18,800
 Prepaid Insurance Computer Equipment
beg. 26,400 beg. 120,500
9/3 50,000
20,000 9/22

26,400 - 170,500 20,000

26,400 150,500

Service Income Salaries Expense

340,000 beg. beg. 30,000
32,000 9/9 9/15 17,200
38,000 9/23 9/29 20,000
24,000 9/25
- 434,000 67,200 -

434,000 67,200
 Office Furniture & Equipment
beg. 460,000

460,000 -

460,000

Rent Expense
beg. 43,000

43,000 -

43,000
 Smiles Repair Shop
General Journal
as of December 2012
Date Particulars PR Debit Credit
Dec. 1 Cash ₱ 280,000.00
Bobby Smiles, Capital ₱ 280,000.00

Dec. 1 Supplies ₱ 7,000.00

Accounts Payable ₱ 7,000.00

Dec. 6 Repair Supplies ₱ 135,000.00

Accounts Payable ₱ 135,000.00

Dec. 7 Salaries Expense ₱ 60,000.00

Cash ₱ 60,000.00

Dec. 9 Cash ₱ 28,000.00

Repair Fees Income ₱ 28,000.00

Dec. 12 Accounts Receivable ₱ 20,000.00

Repair Fees Income ₱ 20,000.00

Dec. 15 Salaries Expense ₱ 5,000.00

Cash ₱ 5,000.00

Dec. 17 Cash ₱ 15,000.00

Accounts Receivable ₱ 15,000.00

Dec. 21 Bobby Smiles, Drawing ₱ 4,000.00

Cash ₱ 4,000.00

Dec. 27 Rent Expense ₱ 7,500.00

Cash ₱ 7,500.00

Dec. 28 Utilities Expense ₱ 10,500.00

Cash