DATE

2018 ACCOUNTS & EXPLANATION F DEBIT CREDIT

Apr 1 Cash 101 ₱ 250,000.00
Furniture and Fixtures 201 15,000.00
Dy, Capital 501 ₱ 265,000.0
### To record initial investment of Rosales.

4 Cars 202 300,000.00

Cash 150,000.0
Notes Payable 401 150,000.0
To record purchase of cars.

5 Office equipment 203 12,000.00

Cash 101 12,000.0
To record purchase of office equipment.

7 Cash 101 2,000.0

Gas Expense 701 2,000.00
To record payment of gas and oil.

8 Cash 101 10,000.0

Advertising Expense 702 10,000.00
To record installation of computer system service.

11 Cash 101 4,000.00

Driving Fees 601 4,000.0
To record professional fees.

14 Cash 101 2,000.00

Accounts Receivable 102 2,000.00
Driving Fees 601 4,000.0
To record professional fees.

15 Cash 101 4,500.0

Salaries Expense 703 4,500.00
To record payment for salaries.

19 Cash 101 1,500.0

Rosales, Withdrawals 502 1,500.00
To record withdrawals of the owner.

20 Driving Fees 601 7,000.0

Cash 101 3,500.00
Accounts Receivable 102 3,500.00
To record professional fees.

26 Rent Expense 704 7,500.00

 Rent Payable 301 7,500.0
To record payment for rent this month.

27 Cash 101 4,500.00

Utilities Expense 705 4,500.00
To record utilities used.

30 Cash 101 4,500.0

Salaries Expense 703 4,500.00
To record payment for salaries.
 CREDIT

₱ 265,000.00

150,000.00
150,000.00

12,000.00

2,000.00

10,000.00

4,000.00

4,000.00

4,500.00

1,500.00

7,000.00
7,500.00

4,500.00

4,500.00
]
DATE
2018 ACCOUNTS & EXPLANATION F DEBIT CREDIT
May 2 Cash 101 ₱ 7,500.0
Rent Payable 704 7,500.00
### To record payment for rent.

3 Accounts Payable 302 3,500.0

Repair Expense 706 3,500.00
To record payment for repair expense.

4 Car 202 500,000.00

Rosales, Capital 501 500,000.0
To record additional investment of rosales.

5 Cash 101 4,000.0

Insurance Expense 707 1,500.00
Taxes and Licenses Expense 708 2,500.00
To record payment for insurance, tax and licenses.

7 Cash 101 8,100.00

Driving Fees 702 4,500.0
Boundary Fees 602 3,600.00
To record professional fees.

8 Cash 101 4,500.0

Gas Expense 701 4,500.00
To record gas expenses.

9 Furniture and Fixture 201 12,500.00

Accounts Payable 302 12,500.0
To record purchase of aircon.

12 Cash 101 5,500.00

Accounts Receivable 302 5,500.0
To record payment of customers in account.

18 Cash 101 4,500.0

Salary Expense 703 4,500.00
To record salaries expense.

20 Cash 101 6,500.00

Driving Fees 601 7,500.0
Accounts Receivable 102 1,000.00
To record professional fees.

21 Cash 101 3,500.0

Accounts Payable 302 3,500.00
 To record payment for the repair.

27 Cash 101 12,000.00

Boundary Fees 602 12,000.0
To record professional fees.

28 Cash 101 7,000.0

Gas Expense 701 4,500.00
Repair Expense 706 2,500.00
To record payment for gas and repair.

31 Cash 101 12,000.0

Rent Expense 704 7,500.00
Salary Expense 703 4,500.00
 CREDIT
₱ 7,500.00

3,500.00

500,000.00

4,000.00

4,500.00
3,600.00

4,500.00

12,500.00

5,500.00

4,500.00

7,500.00

3,500.00
12,000.00

7,000.00

12,000.00
]
CASH
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 1 Investment by Rosales GJ1 ₱ 250,000.00 Apr 5
11 Collected payment from service income GJ1 4,000.00 4
14 Collected payment from service income GJ1 2,000.00 7
20 Collected payment from service income GJ1 3,500.00 8
15
19
27
30
259,500.00
189,000.00
₱ 70,500.00

May 7 Collected payment from service income GJ1 8,100.00 May 2

12 Collected payment of customers in account GJ1 5,500.00 5
20 Collected payment from service income GJ1 6,500.00 8
27 Collected payment from service income GJ1 12,000.00 18
21
28
31
102,600.00
43,000.00
₱ 59,600.00
 101

EXPLANATION PR CREDIT
Payment for office equipment GJ1 ₱ 12,000.00
Payment for downpayment of cars GJ1 150,000.00
Payment for gas GJ1 2,000.00
Payment for advertising GJ1 10,000.00
Payment for salary GJ1 4,500.00
Owner's Withdrawals GJ1 1,500.00
Payment for utilities GJ1 4,500.00
Payment for salary GJ1 4,500.00
189,000.00

Payment for rent GJ1 7,500.00

Payment for insurance, tax and licenses GJ1 4,000.00
Payment for gas GJ1 4,500.00
Payment for salaries GJ1 4,500.00
Payment for repair GJ1 3,500.00
Payment for gas and repair GJ1 7,000.00
Payment for rent and salary GJ1 12,000.00
43,000.00
ACCOUNTS RECIEVABLE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 14 Collection from clients GJ1 ₱ 2,000.00
20 Collection from clients GJ1 3,500.00
₱ 5,500.00

May 20 Collection from customers GJ1 1,000.00 May 12

6,500.00
5,500.00
₱ 1,000.00
 102

EXPLANATION PR CREDIT

Collection from clients who all paid in full GJ1 ₱ 5,500.00

5,500.00
FURNITURE AND FIXTURES
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 1 Investment by Rosales GJ1 ₱ 15,000.00
₱ 15,000.00

May 9 Purchase of aircon units GJ1 12,500.00

15,000.00
27,500.00
 201

EXPLANATION PR CREDIT
CARS
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 4 Investment on cars GJ1 ₱ 300,000.00
300,000.00

May 4 Additional investment by Rosales GJ1 500,000.00

300,000.00
800,000.00
 202

EXPLANATION PR CREDIT
OFFICE EQUIPMENT
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 1 Purchase of equipment GJ1 ₱ 12,000.00
₱ 12,000.00
 203

EXPLANATION PR CREDIT
RENT PAYABLE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 26

May 2 Paid for the rent GJ1 ₱ 7,500.00

7,500.00
-
 301

EXPLANATION PR CREDIT
Rent payable for the month GJ1 ₱ 7,500.00
₱ 7,500.00
ACCOUNTS PAYABLE
DATE
2018 EXPLANATION PR DEBIT DATE
May 21 Payment for repair GJ1 ₱ 3,500.00 May 3
9
3,500.00
 302

EXPLANATION PR CREDIT
Payment for repair expense GJ1 ₱ 3,500.00
Payment for aircon GJ1 12,500.00
16,000.00
3,500.00
₱ 12,500.00
NOTES PAYABLE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 4
 401

EXPLANATION PR CREDIT
Unpaid payment on cars GJ1 ₱ 150,000.00
₱ 150,000.00
ROSALES CAPITAL
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 1

May 4
 501

EXPLANATION PR CREDIT
Investment of Rosales GJ1 265,000.00
₱ 265,000.00

Additional Investment of Rosales GJ1 500,000.00

265,000.00
₱ 765,000.00
ROSALES WITHDRAWALS
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 19 Rosales, Cash withdrawals GJ1 ₱ 1,500.00
₱ 1,500.00
 502

EXPLANATION PR CREDIT
DRIVING FEES
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 11
14
20

May 7
20
 601

EXPLANATION PR CREDIT
Professional fees GJ1 ₱ 4,000.00
Professional fees GJ1 4,000.00
Professional fees GJ1 7,000.00
₱ 15,000.00

Professional fees GJ1 4,500.00

Professional fees GJ1 7,500.00
12,000.00
₱ 27,000.00
BOUNDARY FEES
DATE
2018 EXPLANATION PR DEBIT DATE
May 7
27
 602

EXPLANATION PR CREDIT
Professional fees GJ1 ₱ 3,600.00
Professional fees GJ1 12,000.00
₱ 15,600.00
GAS EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 7 Gas expense for the month GJ1 ₱ 2,000.00
₱ 2,000.00

May 8 Payment for gas GJ1 ₱ 4,500.00

28 Payment for gas GJ1 4,500.00
2,000.00
₱ 11,000.00
 701

EXPLANATION PR CREDIT
ADVERTISING EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 8 Advertising expense for the month GJ1 ₱ 10,000.00
₱ 10,000.00
 702

EXPLANATION PR CREDIT
SALARY EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 15 Payment for salaries GJ1 ₱ 4,500.00
30 Payment for salaries GJ1 4,500.00
₱ 9,000.00

May 18 Payment for salaries GJ1 4,500.00

31 Payment for salaries GJ1 4,500.00
9,000.00
₱ 18,000.00
 703

EXPLANATION PR CREDIT
RENT EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 26 Rent expense for the month GJ1 ₱ 7,500.00
₱ 7,500.00

May 31 Rent expense for the month GJ1 7,500.00

7,500.00
₱ 15,000.00
 704

EXPLANATION PR CREDIT
UTILITIES EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
Apr 27 Utilities used GJ1 ₱ 4,500.00
₱ 4,500.00
 705

EXPLANATION PR CREDIT
REPAIR EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
May 3 Payment for repair GJ1 ₱ 3,500.00
28 Payment for repair GJ1 2,500.00
₱ 6,000.00
 706

EXPLANATION PR CREDIT
INSURANCE EXPENSE
DATE
2018 EXPLANATION PR DEBIT DATE
May 5 Payment for insurance GJ1 ₱ 1,500.00
₱ 1,500.00
 707

EXPLANATION PR CREDIT
TAX AND LICENSE
DATE
2018 EXPLANATION PR DEBIT DATE
May 5 Payment for tax and licenses GJ1 ₱ 2,500.00
₱ 2,500.00
 708

EXPLANATION PR CREDIT
 BUDGET DRIVING INSTITURE
TRIAL BALANCE
April 30, 2018

ACCOUNT NO. ACCOUNT TITLES DEBIT CREDIT

101 Cash ₱ 70,500.00
102 Accounts Receivable 5,500.00
201 Furnitures and Fixtures 15,000.00
202 Cars 300,000.00
203 Office Equipment 12,000.00
301 Rent Payable ₱ 7,500.00
401 Notes Payable 150,000.00
501 Rosales Capital 265,000.00
502 Rosales Withdrawals 1,500.00
601 Driving Fees 15,000.00
701 Gas Expense 2,000.00
702 Advertising Expense 10,000.00
703 Salary Expense 9,000.00
704 Rent Expesne 7,500.00
705 Utilities Expense 4,500.00

₱ 437,500.00 ₱ 437,500.00
0
 BUDGET DRIVING INSTITURE
TRIAL BALANCE
May 31, 2018

ACCOUNT NO. ACCOUNT TITLES DEBIT CREDIT

101 Cash ₱ 59,600.00
102 Accounts Receivable 1,000.00
201 Furnitures and Fixtures 27,500.00
202 Cars 800,000.00
203 Office Equipment 12,000.00
301 Rent Payable -
302 Accounts Payable ₱ 12,500.00
401 Notes Payable ₱ 150,000.00
501 Rosales Capital 765,000.00
502 Rosales Withdrawals 1,500.00
601 Driving Fees 27,000.00
602 Boundary Fees 15,600.00
701 Gas Expense 11,000.00
702 Advertising Expense 10,000.00
703 Salary Expense 18,000.00
704 Rent Expesne 15,000.00
705 Utilities Expense 4,500.00
706 Repair Expense 6,000.00
707 Insurance Expense 1,500.00
708 Tax and License Expense 2,500.00
₱ 970,100.00 ₱ 970,100.00
0