Bella Employment Agency

CHART OF ACCOUNTS

ACCOUNT NUMBER ACCOUNT TITLE

100 CASH
105 Accounts Receivable
110 SUPPLIES
115 Equipment
120 Accumulated Depreciation-Equipement
125 Building
130 Accumulated Depreciation-Building
135 Land
200 ACCOUNTS PAYABLE
300 Bella Capital
305 Bella Drawings
400 Service Revenue
500 Taxes And Licenses Expense
510 Supplies Expense
515 Salaries Expense
520 Utilities Expense
525 Depreciation Expense-Equipment
530 Depreciation Expense-Building
GENERAL JOURNAL
PAGE NUMBER GJ-1
With Explanations

CURRENT JOURNAL ENTRIES

DATE DESCRIPTION REF DEBIT CREDIT
2023
March 1 Cash 100 P 500,000
Bella Capital 300 P
To record the cash investment

2 Land 135 100,000

Building 125 400,000
Bella Capital
To record additional Capital

5 Equipment 115 12,000

Cash 100
Accounts Payable 200
to record purchased equipment

7 Supplies 110 2,500

Cash 100
to record purchased supplies

15 Cash 100 6,500

Service Revenue 400
To record rental fees from ACA Video
xxt
18 Accounts Payable 200 3,000
Cash 100
to record payment to the creditors

20 Taxes and Licenses Expense 500 5,000

Cash 100
To record payment for taxes

22 Bella Drawings 305 3,000

Cash 100
To record withdrew for personal use

GENERAL JOURNAL
PAGE NUMBER GJ-2
With Explanations
 CURRENT JOURNAL ENTRIES
DATE DESCRIPTION REF DEBIT CREDIT
2023
March 30 Accounts Receivable 105 P 4,500
Service Revenue 400 P
to record revenue on account

31 Supplies Expense 510 500

Supplies 110
to record unused supplies

31 Salaries Expense 515 4,200

Utilities Expense 520 3,500
Cash 100
to record payment for salaries and utilities

31 Depreciation Expense-Building 530 4,000

Accumulated Depreciation-Building 130
to record accumulated expense for building

31 Depreciation Expense-Equipment 525 240

Accumulated Depreciation-Equipment 120
to record accumulated expense for equipment
CREDIT

500,000

500,000

5,000
7,000

2,500

6,500

3,000

5,000

3,000
CREDIT

4,500

500

7,700

4,000

240
GENERAL LEDGER
PAGE NUMBER GL-1

Account 100 CASH

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 1 Investment GJ-1 500,000 P 500,000
5 Equipment GJ-1 5000 495,000
7 Supplies GJ-1 2500 492,500
15 Revenue GJ-1 6500 499,000
18 Payment for creditors GJ-1 3000 496,000
20 Taxes and Licenses Expen GJ-1 5000 491,000
22 Drawings GJ-1 3,000 488,000
31 Paid Utilities and Salaries GJ-2 7,700 480,300

Account 105 ACCOUNTS RECEIVABLE

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 30 Not Yet collected GJ-2 P 4,500 P 4,500

Account 110 SUPPLIES

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 7 Acquired on cash GJ-1 P 2,500 P 2,500
31 Supplies Expense GJ-2 500 2,000

GENERAL LEDGER
PAGE NUMBER GL-2

Account 115 Equipment

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 5 Acquired on cash GJ-1 P 12,000 P 12,000

Account 120 Accumulated Depreciation-Equpment

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Accumulated Depreciation GJ-2 240 P
 Account 125 Building
DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 2 Cash Investment GJ-1 400,000 400,000

Account 301 Accumulated Depreciation-Building

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Cash Withdrawals GJ-2 4,000

GENERAL LEDGER
PAGE NUMBER GL-3

Account 135 Land

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 2 Additional Capital GJ-1 100,000 100,000

Account 200 Accounts Payable

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 5 Balance GJ-1 P 7,000
18 Payment for creditors GJ-1 3000

Account 300 Bella Capital

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 1 Investment GJ-1 P 500,000 P
2 Additional Investment GJ-1 500,000

Account 305 Bella Drawings

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 22 Personal Withdrawal GJ-1 P 3,000 P 3,000

GENERAL LEDGER
PAGE NUMBER GL-4

Account 400 Service Revenue

DATE ITEM POST DEBIT CREDIT BALANCE
 2023 DEBIT CREDIT
March 15 Cash GJ-1 6,500
30 Receivables GJ-2 4,500

Account 500 Taxes and Licences Expense

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 20 Paid Cash GJ-1 P 5,000 5,000

Account 510 Supplies Expense

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Paid Cash GJ-2 500 500

Account 515 Salaries Expense

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 22 Paid Cash GJ-1 P 4,200 P 4,200

GENERAL LEDGER
PAGE NUMBER GL-5

Account 520 Utilities Expense

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Paid Cash GJ-2 3,500 3,500

Account 525 Depreciation Expense-Equipment

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Depreciated Equipment GJ-2 P 240 240

Account 530 Depreciation Expense-Building

DATE ITEM POST DEBIT CREDIT BALANCE
2023 DEBIT CREDIT
March 31 Depreciated Building GJ-2 4000 4,000

Account 515
DATE ITEM POST DEBIT CREDIT BALANCE
DEBIT CREDIT
 BALANCE
CREDIT

VABLE
BALANCE
CREDIT

BALANCE
CREDIT

BALANCE
CREDIT

n-Equpment
BALANCE
CREDIT
240
 BALANCE
CREDIT

on-Building
BALANCE
CREDIT
4,000

BALANCE
CREDIT

ble
BALANCE
CREDIT
7,000
4,000

BALANCE
CREDIT
500,000
1,000,000

s
BALANCE
CREDIT

ue
BALANCE
 CREDIT
6,500
11,000

Expense
BALANCE
CREDIT

se
BALANCE
CREDIT

se
BALANCE
CREDIT

se
BALANCE
CREDIT

Equipment
BALANCE
CREDIT

-Building
BALANCE
CREDIT
BALANCE
CREDIT
 Bella Employment Agency
PRELIMINARY TRIAL BALANCE
As of March 31, 2023

ACCOUNT NUMBER ACCOUNT TITLE DEBIT

100 CASH P 480,300
105 Accounts Receivable 4,500
110 SUPPLIES 2,000
115 Equipment 12,000
120 Accumulated Depreciation-Equipement P
125 Building 400,000
130 Accumulated Depreciation-Building
135 Land 100,000
200 ACCOUNTS PAYABLE
300 Bella Capital
305 Bella Drawings 3,000
400 Service Revenue
500 Taxes And Licenses Expense 5,000
510 Supplies Expense 500
515 Salaries Expense 4,200
520 Utilities Expense 3,500
525 Depreciation Expense-Equipment 240
530 Depreciation Expense-Building 4,000

Total P 1,019,240 P
 CREDIT

240

4,000

4,000
1,000,000

11,000

1,019,240
 Bella Employment Agency
STATEMENT OF PERFORMANCE
For the Month Ended March 31, 2023
(IN PESOS)

Service Revenue P 11,000

LESS EXPENSES:
Taxes And Licenses Expense P 5,000
Salaries Expense 4,200
Depreciation Expense-Building 4,000
Utilities Expense 3,500
Supplies Expense 500
Depreciation Expense-Equipment 240 17,440

Net Loss P 6,440

Bella Employment Agency

STATEMENT OF EQUITY
For the Month Ended March 31, 2023
(IN PESOS)

Beginning, Bella Capital, March 1, 2023 P 500,000

ADD: Additional Capital 500,000
Less: Net Loss 6,440
LESS: Bella, Drawings 3,000
Ending, Bella Capital, March 31,2023 P 990,560
 Bella Employment Agency
Statement of Financial Position
For the Month Ended March 31, 2023
(IN PESOS)

ASSETS
CURRENT ASSETS
CASH P 480,300
ACCOUNTS RECEIVABLE 4,500
SUPPLIES 2,000
TOTAL CURRENT ASSETS 486,800

NON-CURRENT ASSETS
Building 400,000
Accumulated Depreciation-Building (4,000)
Land 100,000
Equipment 12,000
Accumulated Depreciation-Equipement (240)
TOTAL Non-CURRENT ASSETS 507760
Total Assets P 994,560

LIABILITIES
CURRENT LIABILITIES
ACCOUNTS PAYABLE P 4,000

OWNER'S EQUITY
Bella Capital 990,560
TOTAL LIABILITIES & OWBER'S EQUITY P 994,560