Professional Documents
Culture Documents
Bookkeeping
Bookkeeping
Bookkeeping
1 Journalize transactions
2 Post transactions
3 Prepare trial balance
4 Prepare financial reports
• ASSET
• LIABILITIES
• EQUITY
• INCOME
• EXPENSES
=P60, 000-5,000
=P55, 000
Owner’s Equity
Manlunas, Capital P22,000
Less: Withdrawal 1,000
P21,000
Compound Entry
Date Particulars F Debit Credit
2008
Jan 2 Cash 1 P5,000
Furniture and Fixture 10 6,000
Penduko, Capital 61 P11,000
To record initial investment of owner
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep. 2 Cash 1 P300,000
Penduko, Capital 61 P300,000
Investment by owner
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep. 4 Equipment 11 P140,000
Cash 1 P140,000
Purchase of equipment for cash
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep. 5 Supplies 5 P32,000
Accounts Payable 52 P32,000
Purchase of supplies on credit
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep17 Cash 1 P24,000
Service Revenue 71 P24,000
Services rendered for cash
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep19 Advertising Expense 85 P5,000
Accounts Payable 52 P5,000
Purchase of advertising on credit
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep20 Cash 1 P30,000
Accounts Receivable 3 40,000
Service Revenue 71 P70,000
Services rendered for cash and credit.
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep28 Rent Expense 94 P12,000
Salaries Expense 82 18,000
Utilities Expense 87 4,000
Cash 1 P34,000
Payment of expenses.
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep28 Account Payable 52 P5,000
Cash 1 P5,000
Payment of accounts payable.
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep29 Cash 1 P12,000
Accounts Receivable 3 P12,000
Payment from customer with existingaccount.
GENERAL JOURNAL J1
DATE PARTICULARS F DEBIT CREDIT
2008
Sep30 Penduko, Drawings 62 P26,000
Cash 1 P26,000
Withdrawal of cash by owner