GENERAL JOURNAL

Date
Account Titles and Explanation P.R. Debit
Oct-01 Cash 500,000
Owner's Capital
To record the investment of the owner

2 Prepaid Insurance 36,000

Cash
To record the insurance paid

3 Accounts Receivable 30,000

Service Revenue
To record the service rendered on account

4 Machineries 180,000
Owner's Capital
To record the investment of the owner

6 Supplies 22,000
Accounts Payable
To record the supplies bought on account

8 Cash 15,000
Accounts Receivable
To record the collection of receivable

10 Cash 45,000
Service Revenue
To record the service rendered for cash

14 Salaries Expense 16,800

Cash
To record the salaries paid

15 Repairs expense 3,450

Cash
To record the payment for repairs

20 Advertising Expense 5,500

Accounts Payable
To record the bill received for advertising

21 Accounts Payable 22,000

Cash
To record the payment of payable

25 Owner's Drawing 3,000

Cash
To record the drawings of the owner

26 Cash 15,000
Accounts Receivable
 To record the collection of receivable

30 Utilities Expense 3,500

Accounts Payable
To record the bill received for water and electricity

31 Salaries Expense 16,800

Cash
To record the salaries paid

Balance 914,050
 GJ-1

Credit

500,000

36,000

30,000

180,000

22,000

15,000

45,000

16,800

3,450

5,500

22,000

3,000

15,000
 3,500

16,800

914,050