JEAH KRISTEL M.

CABATA

Journal EntACCOUNTS TITLE P.R DEBIT CREDIT

Date 101 P80,000
2021 Cash 103 20,000
1-Jan Sewing Machine 301 P100,00
Cardo Capital
To record Capital
Furniture 103 10,000
3 Cash 101 10,000

To record purchased furniture

Supplies 103 3,000

5 Cash 101 3,000
To record purchased supplies

Rent Expense 501 2,000

7 Cash 101 2,000
To record payment of rent

Sewing Machine 103 30,000

8 Accounts Payable 201 20,000
Cash 101 10,000
To record the purchased of Sewing Machine

Salaries Expense 501 1,908

15 SSS Payable 201 66
Medicare 201 12
Witholding Tax payable 201 14
Cash 2,000
To record payment for semi-monthly pay roll and benefits

Cash 101 15,000

15 Service Revenue 401 15,000
To record rceived cash for service rendered

Notes Receivable 510 5,000

20 Service Revenue 401 5,000
To record a note sent to Customer

Notes Receivable 510 5,000

22 Service Revenue 401 5,000
To Record service rendered
 Suplies 103 500
27 Cash 101 500
To record purchased supplies

Salaries Expense 521 1,908

31 SSS payable 201 66
Medicare 201 12
Witholding tax payable 201 14
Cash 101 2,000
To record payment for semi-montly pay roll and benefits

Mr. Cardo, Withdrawal 301 500

31 Cash 101 500
To record Mr. Cardo, Withdrawals
General Ledger
Account Name: Cash Account No. 101
Date Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
1-Jan To record investment J-1 P 80,000
3 To record purchased furniture J-1 P 10,000 P 70,000
5 To record purchased supplies J-1 3,000 67,000
7 To record payment rent J-1 2,000 65,000
8 To record partial payment for sewing machine J-1 10,000 55,000
15 To record payment for semi-monthly payroll and benefits J-1 2,000 53,000
27 To record rerceived payment for service rendered J-1 15,000 68,000
31 To record purchased supplies J-1 500 67,500
31 To record payment for semi-monthly payroll and benefits J-1 2,000 65,500
To record Mr. Cardo, Withdrawals 500 P 65,000

Account Name: Notes Receivable Account No. 510

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
20-Jan To record sen note receivable J-1 P 5,000 P 5,000
22 To record service rendered J-1 5,000 P 10,000

Account Name: Supplies Account No. 103

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
5-Jan To record purchased supplies J-1 P 3,000 P 3,000
27 To record purchased supplies J-1 500 P 3,500

Account Name: Sewing Machine Account No. 103

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
1-Jan To record investment J-1 P 20,000 P 20,000
8 to record the purchased of sewing machine J-1 30,000 P 50,000

Account Name: Furniture Account No. 103

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
3-Jan To record purchased Furniture J-1 P 10,000 P 10,000

Account Name:Accounts Payable Account No. 201

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
2021
8-Jan To record the six monthly installment J-1 P 20,000 P 20,000

Account Name:SSS Benefits Payable Account No. 201

DATE Account Titles and Explanation J.R DEBIT CREDIT Balance
 2021
15-Jan To record the six monthly payroll and benfits J-1 P 66
31 To record the six monthly payroll and benfits J-1 66 P 132

Account Name: Medicare Account No. 201

DATE Accounts Titles and Explanation J.R DEBIT CREDIT Balance
2021
15-Jan To record the six monthly payroll and benfits J-1 P 12 P 12
31 To record the six monthly payroll and benfits J-1 12 P 24

Account Name: Witholding Tax Payable Account No: 201

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
15-Jan To record the six monthly installment pay roll and benefits J-1 P 14
31 To record the six monthly installment pay roll and benefits J-1 14 P 28

Account Name: Mr. Cardo, Capital Account No: 201

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
1-Jan To record Installment J-1 P 100,000 P 100,000

Account Name: Mr. Cardo, Withdrawal Account No: 201

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
1-Jan To record Mr. Cardo, Withdrawal J-1 P 500 P 500

Account Name: Service Revenue Account No: 401

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
15-Jan To record received cash for service rendered J-1 P 15,000 P 15,000
20 To recored a note sent to a customer J-1 5,000 5,000
22 To record service rendered J-1 5,000 P 25,000

Account Name: Salaries Expense Account No: 201

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
15-Jan To record payment for semi-monthly payroll and beefits J-1 P 1,908 P 1,908
31 To record payment for semi-monthly payroll and beefits J-1 1,908 P 3,816

Account Name: Rent Expense Account No: 201

DATE Accounts Titles and Explanation J.R Debit Credit Balance
2021
7-Jan To record payment for rent J-1 P 2000 P 2,000
P 132

P 12
P 24

P 28

P 100,000

P 15,000

P 25,000
 CARDO Tailoring Shop
Trial Balance
January 31,2021

Accounts Title Debit Credit

Cash 65,000
Notes Payable 10,000
Supplies 3,500
Sewing Machine 50,000
Furniture 10,000
Accounts Payable 20,000
SSS Payable 132
Medicare 24
Witholding Tax Payable 28
Mr. Cardo, Capital 100,000
Mr. Cardo, Withdrawals 500
Services Revenue 25,000
Salaries Expense 3,816
Rent Expense 2,000
Total 145,000 145,000