Ledger Posting With OE GL UTB Samples

Accounting
systematic process of analyzing, recording, classifying, summarizing, repor
JOURNALIZING
gathering of source documents and analyzing the effects of the transactio
General Journal
Special Journals (Cash Receipt Journal, Cash Disbursement Journal, Sales J
LEDGER POSTING
Chart of Accounts
list of accounts with its corresponding account numbers
the accounts found in the chart of accounts are the accounts being us
Elements of Accounting: Assets, Liabilities, Capital/Equity, Income/Re

Categories:
1 Current Assets
2 Non-current Assets / Fixed Assets / Plant, Property, and Equipm
3 Current Liabilities
4 Non-current Liabilities
5 Capital / Equity / Owner's Equity
6 Income / Revenue
7 Expenses
Account No. Account Title

101 Cash
102 Accounts Receivable
103 Notes Receivable
104 Office Supplies
105 Prepaid Insurance
106 Prepaid Advertising
201 Land
202 Building
203 Office Equipment
204 Vehicles
205 Machineries
General Ledger ( T - accounts)

summary of all the transactions of each account
Subsidiary Ledger (Receivables and Payables Accounts) - individual summa
supplier where you have payable accounts
Folio / Posting Reference (GJ)
TRIAL BALANCE = amounts will be based on the ending balances of each ledg
Unadjusted Trial Balance - after the original entries and its ledger posting
Adjusted Trial Balance
Post-closing Trial Balance
assifying, summarizing, reporting, and interpreting the financial information gathered
g the effects of the transaction to the accounting elements
Disbursement Journal, Sales Journal, Purchase Journal)
count numbers
nts are the accounts being used by the business entity through out its accounting cyc
s, Capital/Equity, Income/Revenue, Expenses
/ Plant, Property, and Equipment (PPE) / Long-term Assets
Account No. Account Title Account No.

301 Accounts Payable 601
302 Notes Payable 602
303 Unearned Income
401 Loans Payable
402 Mortgage Payable 701
702
703
501 Dela Cruz's Capital
502 Dela Cruz's Drawings
Accounts) - individual summary of each customer on account /
ending balances of each ledger account

ntries and its ledger posting
l information gathered.
out its accounting cycle
Account Title
Services
Other Income
Salaries Expense
Utilities Expense
Fuel Expense
GJ 01
DATE PARTICULAR F DEBIT CREDIT
2022
Mar 5 Cash GL 101 500,000.00
Equipment GL 203 150,000.00
Salon Supplies 27,500.00
Prepaid Rent 120,000.00
Loans Payable 100,000.00
Lasaca's Capital 697,500.00
To record initial investment
7 Cash GL 101 25,000.00

Service Income 25,000.00
To record rendered services
9 Accounts Receivable 15,500.00

To record rendered services to
customers on account
10 Office Supplies 4,350.00

Cash 4,350.00
To record purchase of office supplies
12 Cash 44,737.50
Accounts Receivable 14,912.50
To record rendered services with 25%
on account
15 Salaries Expense 10,000.00

Cash 10,000.00
To record payment of salaries
- Cash 15,000.00
To record rendered services to
customers on account, with dp
GJ 02
2022
Mar 17
GJ 03
2022
Mar 17
NOTE: This set of ledgers is not connected to the OE
101 - Cash
DATE 2022 PARTICULARS F DEBIT DATE 2021
Mar 5 initial investment GJ 01 500,000.00

7 rendered services GJ 01 25,000.00
TOTAL Debit 525,000.00

Ending Balance 525,000.00
102 - Accounts Receivable

Apr 13 rendered services to client B GJ01 150,000.00 Apr

17 rendered services to client C, 50% GJ01 100,000.00
23 rendered services to client E, in
6 equal installments GJ01 300,000.00
30 rendered services to client G GJ02 50,000.00
103 - Notes Receivable

104 - Office Supplies

105 - Prepaid Insurance
Apr 26 paid for 1 year GJ02 60,000.00 Apr
106 - Prepaid Advertising

to the OE sample
Cash
DATE 2021 PARTICULARS F CREDIT DATE 2021
TOTAL Credit -
ts Receivable
22 collection from client B, in full GJ01 150,000.00 Mar

24 collected 50% from client D GJ02 35,000.00
28 collection from client E, 1st of 6 GJ02 50,000.00
TOTAL Credit 235,000.00

Receivable
Apr
e Supplies
DATE 2021 PARTICULARS F CREDIT
d Insurance
30 adjustment for 1 month expiration AE01 5,000.00

d Advertising
201 - Land
203 - Office Equipment

5 initial investment GJ 01 150,000.00
203 - Furniture & Fixtures

21 purchased in cash GJ01 100,000.00

nd
PARTICULARS F CREDIT DATE 2021
Apr 15
29
uipment
& Fixtures
TOTAL Credit -
301 - Accounts Payable
PARTICULARS F DEBIT DATE 2021 PARTIC
paid supplies purchased on account GJ01 50,000.00 Apr 6 purchased supplies

payment for equipment 1st of 4 GJ02 50,000.00 14 purchased equipme

302 - Unearned Revenue

303 - Utilities Payable

Apr 19 received bills
TOTAL Debit -
able
PARTICULARS F CREDIT DATE 2021 PART
purchased supplies GJ01 50,000.00

purchased equipment, bal. after dp GJ01 200,000.00
enue
able
received bills GJ01 30,000.00

401 - Notes Payable
PARTICULARS F DEBIT DATE 2021 PARTICULARS
Apr 10 bank loan payable in 2 years
TOTAL Debit -
402 - Interest Payable

Apr 30 recognition of interest on NP

able
bank loan payable in 2 years GJ01 600,000.00
yable
recognition of interest on NP AE01 5,000.00 Apr 18 withdrawal for pe

501 - Green's Capital
PARTICULARS F DEBIT DATE 2021 PARTICULAR
Apr 4 initial investment
TOTAL Debit -
Ending Balance 10,500,000.00
501 - Green's Drawings

withdrawal for personal use GJ01 50,000.00

pital
PARTICULARS F CREDIT DATE 2021 P
initial investment GJ01 10,500,000.00
TOTAL Credit 10,500,000.00
wings
TOTAL Credit -

601 - Service Income
PARTICULARS F DEBIT DATE 2021 PARTICULA
Apr 11 rendered services to cli

13 rendered services on ac
client B
17 rendered services on ac
client C
20 rendered services to cli
6 equal installments

ome
PARTICULARS F CREDIT DATE 2021 PA
rendered services to client A GJ01 130,000.00 Apr 25 paid salaries

rendered services on account,
client B GJ01 150,000.00
rendered services on account, 50%
client C GJ01 200,000.00
rendered services to client D GJ01 70,000.00
rendered services to client E, in
6 equal installments GJ01 300,000.00
rendered services to client F GJ02 125,000.00
rendered services to client G GJ02 50,000.00
TOTAL Credit 1,025,000.00

Apr 19 received bills
Apr 30 1.5% estimated
DATE 2021 PA
701 - Salaries Expense
paid salaries GJ02 40,000.00
702 - Utilities Expense

received bills 30,000.00
703 - Bad Debts Expense

1.5% estimated bad debts AE01 5,475.00
704 - Supplies Expense

nse
PARTICULARS F CREDIT
nse
ense
ense
Green Company
Unadjusted Trial Balance
April 30, 2021
Debit
Cash 4,760,000.00
Notes Receivable 70,000.00
Supplies 50,000.00
Prepaid Insurance 60,000.00
Building 6,000,000.00
Equipment 780,000.00
Furniture & Fixtures 100,000.00
Account Payable
Utilities Payable
Notes Payable
Green's Capital
Green's Drawings 50,000.00
Service Income
Salaries Expense 40,000.00
Utilities Expense 30,000.00
12,305,000.00
y
ance
Credit
150,000.00
30,000.00
600,000.00
10,500,000.00
1,025,000.00
12,305,000.00
-

Ledger Posting With OE GL UTB Samples

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Ledger Posting With OE GL UTB Samples

Uploaded by

Copyright:

Available Formats

Accounting

systematic process of analyzing, recording, classifying, summarizing, repor

Elements of Accounting: Assets, Liabilities, Capital/Equity, Income/Re

Account No. Account Title

General Ledger ( T - accounts)

g the effects of the transaction to the accounting elements

Disbursement Journal, Sales Journal, Purchase Journal)

s, Capital/Equity, Income/Revenue, Expenses

/ Plant, Property, and Equipment (PPE) / Long-term Assets

Account No. Account Title Account No.

Accounts) - individual summary of each customer on account /

ending balances of each ledger account

out its accounting cycle

7 Cash GL 101 25,000.00

9 Accounts Receivable 15,500.00

10 Office Supplies 4,350.00

15 Salaries Expense 10,000.00

Mar 5 initial investment GJ 01 500,000.00

TOTAL Debit 525,000.00

102 - Accounts Receivable

Apr 13 rendered services to client B GJ01 150,000.00 Apr

TOTAL Debit 600,000.00

Ending Balance 365,000.00

103 - Notes Receivable

104 - Office Supplies

Apr 26 paid for 1 year GJ02 60,000.00 Apr

TOTAL Debit 60,000.00

106 - Prepaid Advertising

22 collection from client B, in full GJ01 150,000.00 Mar

TOTAL Credit 235,000.00

30 adjustment for 1 month expiration AE01 5,000.00

TOTAL Credit 5,000.00

203 - Office Equipment

5 initial investment GJ 01 150,000.00

203 - Furniture & Fixtures

21 purchased in cash GJ01 100,000.00

TOTAL Debit 100,000.00

paid supplies purchased on account GJ01 50,000.00 Apr 6 purchased supplies

TOTAL Debit 100,000.00

302 - Unearned Revenue

303 - Utilities Payable

Apr 19 received bills

purchased supplies GJ01 50,000.00

TOTAL Credit 250,000.00

received bills GJ01 30,000.00

TOTAL Credit 30,000.00

Apr 10 bank loan payable in 2 years

402 - Interest Payable

Apr 30 recognition of interest on NP

PARTICULARS F DEBIT DATE 2021 PARTICULARS

bank loan payable in 2 years GJ01 600,000.00

TOTAL Credit 600,000.00

recognition of interest on NP AE01 5,000.00 Apr 18 withdrawal for pe

PARTICULARS F CREDIT DATE 2021 PART

Apr 4 initial investment

501 - Green's Drawings

withdrawal for personal use GJ01 50,000.00

TOTAL Debit 50,000.00

PARTICULARS F DEBIT DATE 2021 PARTICULAR

initial investment GJ01 10,500,000.00

TOTAL Credit 10,500,000.00

PARTICULARS F CREDIT DATE 2021 P