Journal Entry of Ali Baba Tutorials for the month of June

DATE ACCOUNTS TITLE DEBIT CREDIT DATE

Jun-01 Cash ₱ 600,000.00 Jun-01
Ab, Capital ₱ 600,000.00
Furniture ₱ 50,000.00
Jun-03 Supplies ₱ 5,000.00
Accounts Payable ₱ 5,000.00
Jun-05 Accounts Recievable ₱ 15,000.00 Jun-03
Service Revenue ₱ 15,000.00
Jun-07 Cash ₱ 180,000.00
Service Rvenue ₱ 180,000.00 Jun-05
Jun-15 Accounts Payable ₱ 5,000.00
Cash ₱ 5,000.00
Jun-18 Cash of Ms. T Lino ₱ 5,000.00 Jun-07
Accounts Recievable ₱ 5,000.00
Jun-20 Utilities expense ₱ 400.00
Utilities Payable ₱ 400.00 Jun-15
Jun-28 Utility Expense ₱ 4,480.00
Cash ₱ 4,480.00
Jun-30 Utilities expense ₱ 400.00 Jun-18
Cash ₱ 400.00

Jun-20

Jun-28

Jun-30
ACCOUNT TITLES & EXPLANATION P.R. DEBIT CREDIT BALANCE
Cash (A) 600,000
Deposit of Alibaba 600,000
Furniture 50,000
Alibaba, Capital (O.E) 50,000
Alibaba's Investments
Suppllies (A) 5,000
Accounts Payable (L) 5,000
Bought supplies on account
Account Recievable (A) 15,000
Service Revenue (OE.R) 15,000
Tutorial services rendered to an account
Cash (A) 180,000
Service Revenue (OE.R) 180,000
Tutorial services rendered to various clients for cash
Accounts Payable (L) 5,000
Cash (A) 5,000
Paid account on National Book Store
Cash of Ms, Ta Lino (A) 5,000
Accounts Recievable (A) 5,000
Cash collection from services
Utilities Expense (OE.E) 400
Utilities Payable (L) 400
Received water bill
Utility Expense (OE.E) 4,480
Cash(A) 4,480
Paid Electricity for the month
Utility Expense (OE.E) 400
Cash(A) 400
Paid water bill