General journal

DATE ACCOUNT PR DR. CR.

Dec 01 Cash 101 200,000 200,000
Reambonanza, Capital 310
Invested Capital
02 Furniture and Fixtures 140 20,000 20,000
Cash 101
Bought Furniture
03 Equipment 130 50,000 50,000
Accounts Payable 210
Bought Equipment on Account
04 Supplies 120 15,000 15,000
Cash 101
Bought Supplies
05 Prepaid Rent 121 30,000 30,000
Cash 101
Paid Rent in Advance
06 Prepaid Insurance 122 12,000 12,000
Cash 101
Paid Insurance in Advance
07 Cash 101 50,000 50,000
Notes Payable 220
Borrowed from the Bank
08 Salaries and Wages 510 30,000 30,000
Cash 101
Paid Salary
09 Light and Power 560 3,000 3,000
Cash 101
Paid Meralco
Water Expense 570 1,000 1,000
Cash 101
Paid Maynilad
Telephone Expense 580 2,000 2,000
Cash 101
Paid Telephone Expense
10 Reambonanza, Drawings 320 2,000 2,000
Cash 101
Personal Drawings
25 Cash 101 100,000 100,000
Service Income 410
Received Income
26 Accounts Receivable 110 50,000 50,000
Service Income 410
Received Income on Account
27 Cash 101 5,000 5,000
 Accounts Receivable 110
Collections
28 Taxes, Permit & Licences 520 3,000 3,000
Cash 101
Paid Expense
29 Salaries & Wages 510 30,000 30,000
Cash 101
Paid Salary
30 Accounts Receivable 110 20,000 20,000
Service Income 410

General journal
DATE ACCOUNT PR DR. CR.
 General journal
DATE ACCOUNT PR DR. CR.

5
General journal
DATE ACCOUNT PR DR. CR.
 GENERAL LEDGER
Note: Complete the T-account with the code and Account title listed in the chart of
accounts.

101 CASH 140 Furniture 130 Equipment 120  Supplies

 200,000 20,000  20,000  50,000  15,000
 50,000 15,000
 100,000 30,000
 5,000 12,000
30,000 20,000 50,000 15,000
3,000
1,000
110 Accounts
2,000 122 Prepaid Insurance 121  Prepaid Rent Receivable
2,000  12,000  30,000  50,000 5,000
3,000  20,000
30,000
 207,000  65,000
12,000
320
310 Reambonanza, Reambonanza,
210 Accounts Payable 220 Notes Payable Capital Drawings
50,000 50,000 200,000  2,000

50,000 50,000 200,000  2,000

580 Telephone
510 Salaries and Wages 560 Light and Power 570 Water Expense Expense
 30,000  3,000  1,000  2,000
 30,000

60,000 3,000 1,000 2,000

520 Taxes, Permit &

Licences  410 Service Income
3,000 100,000
50,000
20,000

3,000 170,000