GENERAL JOURNAL

Cash Accounts Payable Professional Fees

Accounts Receivable Notes Payable Salaries Expense

Office Supplies Unearned Revenues Utilities Expense

Prepaid Rent Capital Representation

Office Equipment Drawing Permits and License

TRIAL BALANCE
 GENERAL JOURNAL
Date Particulars Ref. Debit Credit
Dec. 1 2022 Cash 101 ₱ 1,200,000
M.Shikigami, Capital 504 ₱ 1,200,000
To record M.Shikigami's initial investment

1 Cash 101 ₱ 300,000

Note Payable 501 ₱ 300,000
To record obtained notes

1 Permit and License Expense 508 ₱ 15,000

Cash 101 ₱ 15,000
To record permits and license expense

1 Prepaid Rent 104 ₱ 180,000

Cash 101 ₱ 180,000
To record prepaid rent expense

3 Accounts Receivable 102 ₱ 250,000

Professional Fees 401 ₱ 250,000
To record professional fees

3 Office Supplies 103 ₱ 50,000

Cash 101 ₱ 50,000
To record office supplies expense

9 Office Equipment 105 ₱ 50,000

Cash 101 ₱ 50,000
To record office equipment

14 Accounts Payable 201 ₱ 250,000

Cash 101 ₱ 250,000
To record accounts payable of Kyubi Realties Inc.

17 M.Shikigami's Drawing 302 ₱ 80,000

Cash 101 ₱ 80,000
To record M.Shikigami's withdrawal

21 Cash 101 ₱ 40,000

Accounts Payable 201 ₱ 40,000
To record bill from Somi's Catering Shop

24 Cash 101 ₱ 75,000

Unearned Revenue 203 ₱ 75,000
To record cash received from Lacay Inc.

25 Accounts Receivable 102 ₱ 120,000

Unearned Revenues 203 ₱ 120,000
 To record cash from clients

28 Cash 101 ₱ 45,000

Professional Fees 401 ₱ 45,000
To record cash from clients

31 Salaries Expense 501 ₱ 20,000

Utilities Expense 503 ₱ 20,000 ₱ 20,000
Cash 101
To record payment of salaries and utilities used
₱ 2,695,000 ₱ 2,695,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 1,200,000
1 Notes Payable ₱ 300,000
1 Payment for Permits and License
1 Prepaid Rent
3 Office Supplies Fee
9 Office Equipment Fee
14 Collection from customer
17 M.Shikigami Withdrawal ₱ 40,000
24 Unearned Revenue ₱ 75,000
31 Salary Payment ₱ 45,000
31 Payment for Utilities
 Balance
Debit Credit

₱ 1,200,000
₱ 15,000 ₱ 1,500,000
₱ 100,000 ₱ 1,485,000
₱ 50,000 ₱ 1,305,000
₱ 50,000 ₱ 1,255,000
₱ 50,000 ₱ 1,205,000
₱ 1,125,000
₱ 1,166,000
₱ 1,240,000
₱ 40,000 ₱ 1,285,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 250,000
₱ 120,000
 Balance
Debit Credit

₱ 250,000
₱ 370,000
₱ 370,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 50,000
 Balance
Debit Credit

₱ 50,000
₱ 50,000
₱ 50,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 180,000
 Balance
Debit Credit

₱ 180,000
₱ 180,000
₱ 180,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 50,000
 Balance
Debit Credit

₱ 50,000
₱ 50,000
₱ 50,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 40,000
 Balance
Debit Credit

₱ 40,000
₱ 40,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 300,000
 Balance
Debit Credit

₱ 300,000
₱ 300,000
₱ 300,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 120,000
 Balance
Debit Credit

₱ 120,000
₱ 120,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 1,200
 Balance
Debit Credit

₱ 1,200
₱ 1,200
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 80,000
 Balance
Debit Credit

₱ 80,000
₱ 80,000
₱ 80,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 45,000
 Balance
Debit Credit

₱ 45,000
₱ 45,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 20,000
 Balance
Debit Credit

₱ 20,000
₱ 20,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 40,000
 Balance
Debit Credit

₱ 40,000
₱ 40,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 20,000
 Balance
Debit Credit

₱ 20,000
₱ 20,000
 GENERAL LEDGER
Account Number
Date Item PR Debit Credit
2022
December Balance ₱ 1,200
 Balance
Debit Credit

₱ 1,200
₱ 1,200