2019 description PR debit credit

1 Feb 2 CASH 101 P 2 0 0 0 0 0

2 PROPERTY 104 5 0 0 0 0 0 0
3 ZCNC CAPITAL 301 P 5 2 0 0 0
4 To record initial capital
5
6 8 Repair Expense 504 5 0 0 0 0
7 Cash 101 5 0 0
8 to record expense for repair
9
10 10 Cash 101 8 0 0 0 0
11 Unearned Revenue 202 8 0 0
12 to record unearned revenue from rent
13
14 11 Supplies 2 5 0 0 0
15 Cash 1 0 0
16 Accounts Payable 1 5 0
17 to record purchase of supplies
18
19 21 Accounts Payable 1 5 0 0 0
20 Cash 1 5 0
21 to record payment of supplies on credit
22
23 27 Utility Expense 2 8 0 0 0
24 Accounts Payable 2 8 0
25 to record unpaid utility expense
26
27 28 Cash 3 0 0 0 0 0
28 Rent Revenue 3 0 0 0
29 to record rent income
30
31 Supplies Expense 2 2 0 0 0
32 Supplies 2 2 0
33 to record supplies expense
34
35 ZCNC Withdrawals 5 0 0 0 0
36 Cash 5 0 0
37 to record withdrawals by the owner
38 P 5770000 P 57700
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credit
CASH
2019 description PR debit credit
0 0 1 FEB 2 Initial Capital P 2 0 0 0 0 0
2 8 Expense for repair
3 10 Unearned Revenue 8 0 0 0 0
4 11 Purchase of Supplies
0 0 5 21 Payment of Supplies on Credit
6 28 Rent Revenue 3 0 0 0 0 0
7 ZCNC Withdrawals
8
0 0 9

Supplies
2019 description PR debit credit
0 0 1 FEB 11 Purchase of Supplies P 2 5 0 0 0
0 0 2 28 Expenses on Supplies
3
4
5
0 0
PROPERTIES
2019 description PR debit credit
1 FEB 2 Initial Capital 5 0 0 0 0 0 0
0 0 2
3
4

0 0 EQUIPMENTS
2019 description PR debit credit
1- - -- - -- - - - - - - - - -- -
2
0 0 3
4

ACCOUNTS PAYABLE
0 0 2019 description PR debit credit
1 FEB 11 Purchase of Supplies P
00 2 Payment of supplies on credit P 1 5 0 0 0
3 Utility Payable
4

UNEARNED REVENUE
2019 description PR debit credit
1 FEB 10 Unearned rental income/revenue P
2
3
 4

ZCNC CAPITAL
2019 description PR debit credit
1 FEB 2 INITIAL CAPITAL P 5
2
3
4

ZCNC WITHDRAWALS
2019 description PR debit credit
1 FEB 28 CASH WITHDRAWALS P 5 0 0 0 0
2
3
4

RENT REVENUE
2019 description PR debit credit
1 FEB 28 RENT REVENUE OR INCOME P
2
3
4

RENT EXPENSE
2019 description PR debit credit
1- - -- - P 0 0 0 0 0
2
3
4

SUPPLIES EXPENSE
2019 description PR debit credit
1 FEB 28 USAGE OF SUPPLIES FOR THE MO. FEB P 2 2 0 0 0
2
3
4

UTILITIES EXPENSE
2019 description PR debit credit
1 FEB 27 TELEPHONE, WATER, ELECTRIC P 2 8 0 0 0
2
3
4

REPAIR EXPENSE
2019 description PR debit credit
1 FEB 8 MINOR REPAIR EXPENSE P 5 0 0 0 0
 2
3
4

99
100
101
102
103
104
105
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108
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 101
credit balance
P 2 0 0 0 0 0
5 0 0 0 0 1 5 0 0 0 0
2 3 0 0 0 0
1 0 0 0 0 2 2 0 0 0 0
1 5 0 0 0 2 0 5 0 0 0
5 0 5 0 0 0
5 0 0 0 0 4 5 5 0 0 0

103
credit balance
P 2 5 0 0 0
2 2 0 0 0 3 0 0 0

104
credit balance
P 5 0 0 0 0 0 0

105
credit balance
- - - - - - - -- - - - - - - - -

201
credit balance
1 5 0 0 0 P 1 5 0 0 0
0
2 8 0 0 0 2 8 0 0 0

202
credit balance
8 0 0 0 0 P 0 0 8 0 0 0 0
 301
credit balance
2 0 0 0 0 0 P 5 2 0 0 0 0 0

302
credit balance
P 0 0 5 0 0 0 0

401
credit balance
3 0 0 0 0 0 P 0 3 0 0 0 0 0

501
credit balance
P 0 0 0 0 0 0 0

502
credit balance
P 0 0 2 2 0 0 0

503
credit balance
P 0 0 2 8 0 0 0

504
credit balance
P 0 0 5 0 0 0 0
 UP
Chart of Accounts
Assets
Cash 101
wrong Accounts Receivable 102
earned revenue Supplies 103
Properties 104
pwede Furnitures and Fixtures 105
income Equipment 106
revenue Liabilities
Accounts Payable 201
Unearned Revenue 202
Loans Payable 203
Equity
A, Capital 301
B, Capital 302
C, Capital 303
Service Revenue 401
Interest Revenue 402
Telephone Expense 501
Rent Expense 502
Utility Expense 503
Salaries expense 504
Miscellaneous Expense 505
Supplies Expense 506
Repair Expense 507

Assets
Cash 22,200
Accounts Receivable 12000
Supplies 18000
prepaid rent 8000
prepaid Insurance 14400
Service Vehicle 420000
Office Equipment 60000
Liabilities
Accounts Payable
Notes Payable
Utility Payable
Equity
Gevera Capital
gevera Withdrawals 14000
Unearned Revenues
Consulting Revenues
Salaries expense 13800
Utilities Expense 4400
586800
unts

debit
debit
debit
debit
debit
debit

credit
credit
credit

credit
credit
credit
credit
credit
debit
debit
debit
debit
debit
debit
debit

210000
53000
1400

250000

10000
62400

586800
REQUIREMENTS

CHART OF ACCOUNTS
JOURNAL ENTRY
GENERAL LEDGER
UNADJUSTED TRIAL BALA
MAY 5., UP Bought
MAY 15., 5,700
CCOUNTS

D TRIAL BALANCE
 on contribution of partner to partnership capitalization
2019 description PR debit credit
1 MAY 1 CASH 101 P 1 5 0 0 0 0 0
2 ACCOUNTS RECEIVABLE 102 5 0 0 0 0 0
3 PONPON, CAPITAL 301 P 1 0 0 0 0 0 0
4 RIM, CAPITAL 302 1 0 0 0 0 0 0
5 To record initial capital
6 2020
7 MAY 1 CASH 101 P 5 3 0 0 0 0
8 ACCOUNTS RECEIVABLE 201 P 5 0 0 0 0 0
9 INTEREST INCOME 402 3 0 0 0 0

10 On partner's payment of partnership obligation

11 MAY 5 ACCOUNTS PAYABLE 201 P 2 0 0 0 0 0
12 NINI, CAPITAL 301 P 2 0 0 0 0 0
13
14 MAY 5 ACCOUNTS PAYABLE 201 P 2 0 0 0 0 0
15 LOAN PAYABLE TO NINI 203 P 2 0 0 0 0 0
16
17 JULY 31 LOAN PAYABLE TO NINI 203 2 0 0 0 0 0
18 CASH 101 2 0 0 0 0 0
19
20 Partners collection of partnership receivable
21
22 JULY 5 RUIZ, CAPITAL 301 P 2 0 0 0 0 0
23 ACCOUNTS RECEIVABLE 102 P 2 0 0 0 0 0
24
25 CASH 101 2 0 0 0 0 0
26 ACCOUNTS RECEIVABLE 102 2 0 0 0 0 0
27
28
29 NINI, CAPITAL P 1 0 0 0 0 0 0
30 RUIZ, CAPITAL 1 0 0 0 0 0 0
31
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 100000
56000
44000
2E+06
56% 1000000
44% 800000