Revenues Journal

Invoice Accounts
Date No. Service Receivable
2020 Accounts Debited PR Revenues Credit Debit
Jun 5 00001 Mr. X 1000 1000

` 8 00002 Malong Financing 1000 1000

Special Journals for Service Business Purpose
Revenues Journal Service on Account
Collection of receivables/
Cash Receipt Journal Cash Service
Cash Disbursement Journal Cash Payment
General Journal
Source Document
Statement of Account/ Billing Statement

Official Receipt (natin)

Check Voucher/ Official Receipt
 Cash Receipt Journal

Invoice Account
Date OR NO Receivable
No.
2020 Accounts Debited PR Credit
June 15 00001 00002 Malong Financing 1000
15 00002 Juan Policarpio
 Cash
Service
Revenues Credit Debit
1000 Collection Receivables
1800 1800 1. Cash
2. Accounts Receivable

Cash Service
1. Cash
2. Service Revenue
 Cash Disbursement Journa

Check
Voucher Check No.
Date No.
2020 Accounts Debited PR Sundry Debit
Accounts Payable 1000
Rent Expense 14000
Payment of Salaries
Equipment 5000

Note: Payment of Payable

1. Cash
2. Payable Account
3. Input Vat

Payment of Expense
1. Cash
2. Expense Account

Payment Rent
1. Cash
2. Rent Expense
3. Expanded Witholding Tax
Payment of Salaries
1. Cash
2. Salaries Expense
3. SSS, PH,Pag Payable
4. Witholding tax

Purchase of Asset
1. Cash
2. Asset Purchased (Equipment)
3. Input Vat

Purchase of Supplies
1. Cash
2. Supplies/ Supplies Expense
3. Input Vat

Remittance to BIR
1. Cash
2. Tax remitted

Remittance of SSS, PH Pagibig

1. Cash
2. SSS, PH, Pagibig payable
3. SSS, PH, Pagibig Contribution
Cash Disbursement Journal

SSS, PH, Pag Pay

Debit Input Expanded With
Salaries Expense With. Tax Supplies Vat Tax Debit
Debit (Credit) Payable (Credit) Expense Debit Debit (Credit)
100
1000
10000 (300) (500)
1000
10000 -300 -500 0 1100 1000

1100
1000
100

15000
14000
1000
 9200
10000
300
500

3000
1500
1500
Cash

Credit
1100
15000
9200
6000
31300