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Untitled Spreadsheet 1

The general journal document records transactions made by J. Madela Repair Shop in June. It includes capital investment from the owner, purchase of equipment and supplies using cash, payment of rent, salaries and utilities expenses, collection of revenue from services and accounts receivable, and withdrawal of cash by the owner. The accounting entries are divided into debits and credits with increases to asset and expense accounts on the debit side and increases to liability and owner's equity accounts on the credit side.

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VALENCIA, JOSE JOREL E.
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47 views3 pages

Untitled Spreadsheet 1

The general journal document records transactions made by J. Madela Repair Shop in June. It includes capital investment from the owner, purchase of equipment and supplies using cash, payment of rent, salaries and utilities expenses, collection of revenue from services and accounts receivable, and withdrawal of cash by the owner. The accounting entries are divided into debits and credits with increases to asset and expense accounts on the debit side and increases to liability and owner's equity accounts on the credit side.

Uploaded by

VALENCIA, JOSE JOREL E.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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GENERAL JOURNAL

Date Description P/R Debit Credit


June 2023
1 Cash ₱30,000.00
Madela, Capital ₱30,000.00
Cash Investment by the owner

4 Equipment ₱10,000.00
Cash ₱10,000.00
Purchase equipment through cash

7 Rent Expense ₱4,000.00


Cash ₱4,000.00
Paid June rent

9 Supplies ₱5,000.00
Cash ₱5,000.00
Purchase supplies through cash

10 Account Receivable ₱4,000.00


Service Revenue ₱4,000.00
Received account through service

11 Account Payable ₱2,500.00


Cash ₱2,500.00
Advertising cost in account

12 Cash ₱8,200.00
Repair revenue ₱8,200.00
Receive cash for repair service

16 Madela, Drawing ₱5,000.00


Cash ₱5,000.00
The owner withdrew cash for personal use.

19 Salary Expense ₱2,000.00


Cash ₱2,000.00
Payment for salary
23 Utilities Expense ₱1,400.00
Cash ₱1,400.00
Paid utility bill

30 Account Receivable ₱2,400.00


Cash ₱2,400.00
Collect partial payment from customer

J.MADELA REPAIR SHOP


ASSESTS Acct. No.
Cash 101
Accounts Receivable 102
Supplies 103

LIABILITIES
Accounts Payable 201

CAPITAL
J. Madela, Capital 301
J. Madela, Drawing 302

REVENUE
Service Revenue 401

EXPENSES
Utilities Expense 501
Supplies Expense 502
Salary Expense 503
Rent Expense 504
Cash
Debit Credit
6/1 30000 10000 6/4
6/11 2500 4000 6/7
6/12 8200 5000 6/9
5000 6/16
2000 6/19
1400 6/23

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