Name: Ezekiel D.

Lapitan
Journalizing of Transactions
Birds and Flowers Nursery Schoool Page 1
Posting
Date Account Title Debit Credit
Reference
1) Cash 300,000
Von Capital 300,000
2) Furniture and Fixture 13,000
Play Equioment 23,000
Accounts Payable - Almar 36,000
4) Advertising 1,200
Cash 1,200
5) Nursery Supplies 7,500
Accounts Payable - Leo 7,500
7) Cash 8,000
Fees Income 8,000
8) Accounts Payable - Almar (Partial) 10,000
Cash 10,000
10) Accounts Receivable 6,500
Fees Income 6,500
11) Accounts Payable - Leo (Full) 7,500
Cash 7,500
15) Rent Expense 5,000
Cash 5,000
15) Wages 2,500
Cash 2,500
18) Cash (Partial Payment P. Paloma) 3,000
Fees Income 3,000
20) Cash 10,500
Fees Income 10,500
25) Utility Expenses 1,800
Cash 1,800
26) Nursery Supplies 15,000
Cash 15,000
28) Von Drawing 5,000
Cash 5,000
30) Wages 2,500
Cash 2,500
 T - Accounts

Cash Expenses
Debit Credit Debit Credit
₱300,000 ₱1,200 ₱1,200
8,000 10,000 5,000
10,500 7,500 2,500
3,000 5,000 1,800
2,500 2,500
1,800 ₱13,000
15,000
5,000
Assets
2,500
Debit Credit
321,500 50,500
₱13,000
₱271,000
23,000
7,500
Owners Equity
6,500
Debit Credit
15,000
₱5,000 ₱300,000
₱65,000
₱295,000

Fees Income
Liabilities
Debit Credit
Debit Credit
₱8,000
₱10,000 36,000
6,500
7,500 7,500
3,000
17,500 43,500
10,500
₱26,000
₱28,000
 Trial Balance
Account Title Debit Credit
Assets 65,000
Cash 271,000
Expenses 13,000
Fees Income 28,000
Liabilities 26,000
Owners
Equity 295,000
Total 349,000 349,000