DATE PARTICULARS PR DEBIT CREDIT

1 Cash 150,000
S. Roces, Capital 150,000
To record investment
Office equipment 35,000
Truck 105,000
S. Roces, Capital 140,000
5 Rent Expense 5,000
Cash 5,000
To record payment of rent
7 Supplies 7,200
Accounts Payable 7,200
To record purchase of supplies on
credit
9 Office Equipment 24,500
Cash 24,500
To record purchase of equipment in
cash
15 Cash 4,500
Service Revenue 4,500

17 Cash 5,000
Accounts Receivable 9,500
Service Revenue 14,500
18 Cash 12,500
Accounts Payable 12,500

20 Cash 800
Accounts Receivable 800

25 Accounts Payable 3,600

Cash 3,600
*7200 x ½ = 3,600

Post the above journal entries to the general ledgers.

Given below are the T-Accounts

CASH TRUCK
1/1 150,000 1/1 105,000
1/15 4,500 1/5 5,000
1/17 5,000 1/9 24,500
1/18 12,500 1/25 3,600
1/20 800
S.ROCES, CAPITAL
1/1 150,000
1/1 140,000

SUPPLIES
1/7 7,200
OFFICE EQUIPMENTS
1/1 35,000
1/9 24,500

SERVICE REVENUE
1/15 4,500
1/17 14,500
RENT EXPENSE
1/5 5,000

ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE

1/17 9,500 1/20 800 1/25 3,600 1/7 7,200
1/18 12,500
 Trial Balance
31 December 20xx

Cash P 139,700
Accounts Receivable 8,700
Supplies 7,200
Office Equipment 59,500
Truck 105,000
Rent Expense 5,000
Accounts Payable 16,100
Service Revenue 19,000
S. Roces, Capital 290,000

325,100 325,100