JOE SARMIENTO REPAIR AND MAINTENANCE SHOP

GENERAL JOURNAL
FOR THE DATE ENDED JULY 31, 2020

Date Particular F Debit Credit

2020
July 1 Cash P380,000
Computer equipment 120,000
Sarmiento, capital P500,000
To record investment

2 Rent expense 15,000

Cash 15,000
To record payment for rent expense

4 Equipment expense 12,000

Account payable 12,000
To record additional equipment on accounts
payable

8 Cash 32,000
Service income 32,000
To record income on cash

10 Accounts receivable 27,000

Service income 27,000
To record income on accounts

12 Equipment expense 8,000

Cash 8,000
To record additional Purchased equipment

Date Particulars F Debit Credit

15 Salaries expense 93,000
Cash 93,000
To record payment for salaries

18 Cash 15,000
Accounts receivable 15,000
To record collection from receivable

25 Accounts payable 12,000

Cash 12,000
To record payment for liabilities on the equipment
28 Owner, drawing 500
Cash 500
To record owner’s drawing

30 Cash 40,000
Accounts receivable 40,000
Service income 80,000
To record income on cash and accounts

31 Salaries expense 700

Cash 700
To record payment for salaries