JOURNAL ENTRY

FRANCIS POLO
USE GENERAL JOURNAL IN CREATING
JOURNAL ENTRY

COLUMNAR PAD 2 COLUMS ONLY

 Sure Repair Shop
Journal Entries
September 20__

Date Account Titles and Explanation F Debit Credit

20__                  
Sept. 1 Cash   P 2,500  
    Repair Tools   1,200  
    Repair Supplies   1,500  
    Service Truck   20,000  
    G. Alajar, capital     P 25,200
    To record the initial investment of G. Alajar.    
                   
  2 Advertising         250  
    Cash     250
    Payment for newspaper advertising.      
                   
  3 Furniture and Fixture       6,500  
    Accounts Payable - Cruz Furniture   6,500
    Purchase of tables, chairs, and filing cabinet on    
    credit.    
                   
  5 Accounts Receivable - R. Gil       1,200  
    Service Income   1,200
    Repair service rendered on credit.    
  9 Cash           1,000  
    Accounts Receivable - M. Soriano   1,200  
    Service Income   2,200
    Repair service rendered.    
                   
  15 Salaries and Wages         450  
    Cash   450
    Payment of the wages of the shop helper for the    
    first half of the month.    
                   
  18 Accounts Payable - Cruz Furniture           6,500  
    Cash   3,250
    Notes Payable   3,250
    Payment of the account due to Cruz Furniture.    
                   
  20 Cash           1,200  
    Accounts Receivable - R. Gil   1,200
    Full payment of R. Gil.    
                   
  25 G. Alajar, personal         750  
    Cash   750
    Drawing of the owner for personal use.    
                   
  28 Cash           2,500  
    Service Income   2,500
    Amount received for services rendered.    
                   
  30 Utility Expense         150  
    Cash   150
    Payment of monthly utility bills.    
                   
  30 Salaries and Wages         450  
    Cash   450
    Payment of the wages of the helper for the    
    second half of the month.