GENERAL JOURNAL PAGE 1

DATE PARTICULARS P/R DEBIT CREDIT

2012
May 1 Cash 11 1,000,000.00
Mulles , Capital 31 1,000,000.00
Mulles invested cash to establish the
business.

3 Office Equipment 14 35,150.00

Cash 11 35,150.00
Bought office desks and filing cabi-
net for cash.

5 Office Equipment 14 65,500.00

Mulles , Capital 31 65,500.00
Mulles invested in the business her
personal computer with a fair market

7 Computer Software 15 55,000.00

Cash 11 15,000.00
Accounts Payable 21 40,000.00
Bought computer software for use in
the business from De La Torre com-
ter center for down the balance is
due in thirty days.

8 Rent Expense 53 6,500.00

Cash 11 6,500.00
Paid rent for the month.

10 Cash 11 10,000.00
Service Revenue 41 10,000.00
Received cash for service rendered.

12 Signage 16 9,000.00
Cash 11 5,000.00
Acounts Payable 21 4,000.00
Ordered a paraflex sign for from
Royal Bright Enterprises with as
downpayment and the balance due
when installed.

13 Advertising Expense 52 5,550.00

Accounts Payable 21 5,550.00
Received bill for advertising from
buy and sell newspaper.
 GENERAL JOURNAL PAGE 2

DATE PARTICULARS P/R DEBIT CREDIT

2012
May 17 Supplies 13 3,500.00
Accounts Payable 21 3,500.00
Bought print paper and stationery on
account.

19 Utilities Expense 54 2,550.00

Cash 11 2,550.00
Received and paid electric bill.

25 Accounts Payable 21 5,550.00

Cash 11 5,550.00
Paid bill for advertising recorded
previously in transaction (13)

26 Cash 11 10,900.00
Service Revenue 41 10,900.00
Received cash for services rendered.

29 Salaries Expense 51 12,000.00

Cash 11 12,000.00
Paid salaries to employees.

30 Mulles , Withdrawal 32 4,500.00

Cash 11 4,500.00
Mulles withdrew cash for personal
use.
 CASH Account No. 11
DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012 2012
May 1 1 1,000,000.00 May 3 1 35,150.00
10 1 10,000.00 7 1 15,000.00
26 2 10,900.00 8 1 6,500.00
1,020,900.00 12 1 5,000.00
19 2 2,550.00
25 2 5,550.00
29 2 12,000.00
30 2 4,500.00
934,650.00 86,250.00

ACCOUNTS RECEIVABLE Account No. 12

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT

SUPPLIES Account No. 13

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 17 2 3,500.00
 OFFICE EQUIPMENT Account No. 14
DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 3 1 35,150.00
5 1 65,500.00
100,650.00

COMPUTER SOFTWARE Account No. 15

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 7 1 55,000.00

SIGNAGE Account No. 16

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 12 1 9,000.00

ACCOUNTS PAYABLE Account No. 21

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012 2012
May 25 2 5,550.00 May 7 1 40,000.00
12 1 4,000.00
13 1 5,550.00
17 2 3,500.00
47,500.00 53,050.00
 MULLES , CAPITAL Account No. 31
DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 1 1 1,000,000.00
5 1 65,500.00
1,065,500.00

MULLES , WITHDRAWALS Account No. 32

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 30 2 4,500.00

SERVICE REVENUES Account No. 41

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 10 1 10,000.00
26 2 10,900.00
20,900.00

SALARIES EXPENSE Account No. 51

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 29 2 12,000.00
 ADVERTISING EXPENSE Account No. 52
DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 13 1 5,550.00

RENT EXPENSE Account No. 53

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 8 1 6,500.00

UTILITIES EXPENSE Account No. 54

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
2012
May 19 2 2,550.00

MISCELLANEOUS EXPENSE Account No. 59

DATE PARTICULARS P/R DEBIT DATE PARTICULARS P/R CREDIT
 Mulles Data Encoders
Trial Balance
May 30 , 2012
Account Account Titles Debit Credit
Number
11 Cash 934,650.00
13 Supplies 3,500.00
14 Office Equipment 100,650.00
15 Computer Software 55,000.00
16 Signage 9,000.00
21 Accounts Payable 47,500.00
31 Mulles , Capital 1,065,500.00
32 Mulles , Withdrawals 4,500.00
41 Service Revenues 20,900.00
51 Salaries Expense 12,000.00
52 Advertising Expense 5,550.00
53 Rent Expense 6,500.00
54 Utilities Expense 2,550.00
Total 1,133,900.00 1,133,900.00
 Mulles Data Encoders
Worksheet
For the Month Ended May 30 , 2012

Account Account Titles Trial Balance Income Statement Balance Sheet

Number Debit Credit Debit Credit Debit Credit
11 Cash 934,650.00 934,650.00
12 Supplies 3,500.00 3,500.00
13 Office Equipment 100,650.00 100,650.00
14 Computer Software 55,000.00 55,000.00
15 Signage 9,000.00 9,000.00
21 Accounts Payable 47,500.00 47,500.00
31 Mulles , Capital 1,065,500.00 1,065,500.00
32 Mulles , Withdrawals 4,500.00 4,500.00
41 Service Revenues 20,900.00 20,900.00
51 Salaries Expense 12,000.00 12,000.00
52 Advertising Expense 5,550.00 5,550.00
53 Rent Expense 6,500.00 6,500.00
54 Utilities Expense 2,550.00 2,550.00
Total 1,133,900.00 1,133,900.00 26,600.00 20,900.00 1,107,300.00 1,113,000.00
Net loss (5,700.00) (5,700.00)
26,600.00 26,600.00 1,113,000.00 1,113,000.00
 Mulles Data Encoders
Balance Sheet
May 30 , 2012

Assets
Cash 934,650.00
Accounts Receivable -
Supplies 3,500.00
Office Equipment 100,650.00
Computer Software 55,000.00
Signage 9,000.00
1,102,800.00
Liabilities
Accounts Payable 47,500.00

Capital
Mulles , Capital 1,055,300.00
1,102,800.00

Prepared by :

Ma. Kristina Elizabeth Ulid

Your Name Here and Signature

Checked by :

Your Name Here and Signature

 Mulles Data Encoders
Income Statement
May 30 , 2012

Service Revenues 20,900.00

Less : Operating Expense
Salaries Expense 12,000.00
Advertising Expense 5,550.00
Rent Expense 6,500.00
Utilities Expense 2,550.00
Total 26,600.00
Net loss for the month (5,700.00)

Prepared by :

Ma. Kristina Elizabeth Ulid

Your Name Here and Signature

Checked by :

Your Name Here and Signature

 Mulles Data Encoders
Capital Statement
May 30 , 2012

Mulles , Capital , May 1 , 2012 1,065,500.00

Less : Net loss (5,700.00)
Drawing 4,500.00
Decrease in capital (10,200.00)
Mulles , Capital , May 30 , 2012 1,055,300.00

Prepared by :

Ma. Kristina Elizabeth Ulid

Your Name Here and Signature

Checked by :

Your Name Here and Signature