GENERAL JOURNAL

BRUCE WILLIS VETIRARY BUSINESS

Date Description P/R Debit Credit

Aug-31 Cash 101 ₱18,000.00

Accounts Receivable 104 ₱3,400.00
Supplies 103 ₱1,200.00
Office Equipment 102 ₱12,000.00
Accounts Payable 201 ₱7,200.00
B. Willis, Capital 301 ₱27,400.00

Sep-01 Cash 101 ₱6,200.00

Accounts Payable 201 ₱6,200.00
Cash payment on account payable

2 Cash 101 ₱2,600.00

Accounts Receivable 104 ₱2,600.00
Collected from account receivable

3 Office Equipment 102 ₱4,200.00

Cash 101 ₱1,600.00
Accounts Payable 201 ₱2,600.00
Purchased office equipment in
cash and on account

4 Cash 101 ₱5,000.00

Accounts Receivable 104 ₱6,800.00
Service Revenue 401 ₱11,800.00
Collected revenue in cash and the
rest to be added on account

5 B.WIlis, Drawing 302 ₱6,000.00

Cash 101 ₱6,000.00
The owner withdrew cash for
personal use.

6 Salary Expense 502 ₱7,000.00

Rent Expense 503 ₱9,000.00
Advertising Expense 504 ₱3,000.00
 Cash 101 ₱19,000.00
Owner paid operational expenses

7 Utilities Expense 501 ₱1,700.00

Accounts Payable 201 ₱1,700.00
Utility expense on account for
the month

8 Cash 101 ₱14,000.00

Notes Payable 202 ₱14,000.00
Borrowed money on a notes
payable
 BRUCE WILLIS VETIRARY BUSINESS Cash
CHART OF ACCOUNTS Debit Credit
Acct. No. 8/31 18,000 9/1 6,200
ASSESTS 9/2 2,600 9/3 1,600
Cash 101 9/4 5,000 9/5 6,000
Office Equipment 102 9/8 14,000 9/6 19,000
Supplies 103
Accounts Receivable 104
39,600 32,800
LIABILITIES 6,800
Accounts Payable 201
Notes Payable 202 Accounts Receivable
Debit Credit
CAPITAL 8/31 3,400
B. Willis, Capital 301 9/4 6,800 9/2 2,600
B. WIllis, Drawing 302 10,200 2,600
7,600
REVENUE
Service Revenue 401
Equipment
EXPENSES Debit Credit
Utilities Expense 501 8/31 12,000
Salary Expense 502 9/3 4,200
Rent Expense 503 16,200
Advertising Expense 504
Supplies
Debit Credit
8/31 1,200

1,200

Accounts Payable
Debit Credit
8/31 7,200
9/1 6,200 9/3 2,600
9/7 1,700
6200 11,500
5,300
 Notes Payable
Debit Credit
9/8 14,000

14,000
 B.Willis, Capital BRUCE WILLIS VETIRARY BUSINESS
Debit Credit TRIAL BALANCE
8/31 27,400 As of September 8
Debit
27,400
Cash 6,800
B.Willis, Drawing Accounts Receivable 7,600
Debit Credit Equipment 16,200
9/5 6,000 Supplies 1,200
Accounts Payable
6,000 Notes Payable
J. Madela, Capital
Service Revenue J. Madela, Drawing 6,000
Debit Credit Service Revenue
9/4 11,800 Utilities Expense 1,700
Salary Expense 7,000
12,200 Rent Expense 9,000
Advertising Expense 3,000
Utilities Expense 58,500
Debit Credit
9/7 1,700

1,700

Rent Expense
Debit Credit
9/6 9,000

9,000

Advertising Expense
Debit Credit
9/6 3,000

3,000

Salary Expense
Debit Credit
9/6 7,000
7,000
mber 8
Credit

5,300
14,000
27,400

11,800

58,500