Final General Ledger of Stellar 1

STELLAR TRADING
General Ledger
For the Month of April, 2023
Account Title : Cash Account Number: 101
Date Particulars P.R. Debit Date Particulars P.R. Credit
April 2 Initial investment GJ-1 200,000.00 April 3 Payment for permit and licenses GJ-1 2,000.00
10 Cash sales GJ-1 120,000.00 4 Bought store supplies GJ-1 6,000.00
18 Collection from Julienne Trading GJ-3 310,400.00 5 Prepaid rent GJ-1 30,000.00
21 Borrowings from XYZ Bank GJ-3 250,000.00 5 Prepaid Insurance GJ-1 30,000.00
8 Delivery charges GJ-1 600.00
12 Delivery charges GJ-2 200.00
13 Partial payment to CasSOLAR GJ-2 165,000.00
15 Paid the to CasSOLAR GJ-2 165,000.00
18 Payment to T&J Express GJ-3 2,000.00
20 Payment to ZeUSE SUN GJ-3 27,400.00
24 Paid electricity and water expense GJ-3 1,300.00
26 Paid CasSOLAR 25% of the account GJ-4 120,000.00
29 Reblora withdrawals GJ-4 10,000.00
30 Loan out to customer GJ-4 20,000.00
880,400.00 579,500.00
Balance ₱ 300,900.00
Account Title : Accounts Receivable Account Number: 102

April 14 Julienne Trading GJ-2 360,000.00 April 17 Returns from Julienne trading GJ-2 40,000.00
25 Aquino Residence GJ-3 160,000.00 18 Partial payment from Julienne Trading GJ-3 320,000.00
28 Cecille Residence GJ-4 79,200.00 26 Freight paid by Aquino GJ-4 800
599,200.00 360,800.00
Balance ₱ 238,400.00
Account Title: Notes Receivable Account Number: 103

April 30 Loan of a costumer GJ-1 20,000.00
₱ 20,000.00
Account Title: Merchandise Inventory Account Number: 104

April 3 Initial Investment GJ-1 90,000.00 April 10 Sold 3 to Eunice Residence GJ-1 90,000.00
7 Purchases from CasSOLAR GJ-1 360,000.00 11 Return 1 to CasSOLAR GJ-2 30,000.00
8 Paid freight charges GJ-1 600.00 14 Sold merchandise to Julienne Trading GJ-2 270,000.00
13 Purchases from ZeUSE SUN GJ-2 58,800.00 19 Return 1 solar panel to ZeUSE SUN GJ-3 29,400.00
16 Purchases from CasSOLAR GJ-2 240,000.00 25 Sold to Aquino Residences GJ-3 120,000.00
17 Returns from Julienne Trading GJ-2 30,000.00 27 Returns to CasSOLAR GJ-4 30,000.00
28 Sold solar panel to Cecille Residence GJ-4 60,000.00
779,400.00 629,400.00
₱ 150,000.00
Account Title: Store Supplies Account Number: 105

April 4 Bought supplies in cash GJ-1 6,000.00 April 30 Adjusting of supplies GJ-5 2,000.00
6,000.00
₱ 4,000.00
Account Title: Prepaid Rent Account Number: 106

April 5 6-month rent GJ-1 30,000.00 April 30 Adjusting of prepaid rent GJ-5 5,000.00
30,000.00
₱ 25,000.00
Account Title: Prepaid Insurance Account Number: 107

April 5 2-year insurance GJ-1 30,000.00 April 30 Adjusting of prepaid insurance GJ-5 1,250.00
30,000.00
₱ 28,750.00
Account Title: Store Furniture Account Number: 108

April 2 Investment of owner GJ-1 50,000.00
₱ 50,000.00
Account Title: Accumulated Depreciation-Store Furniture Account Number: 108.5

April 30 Depreciation of Store Furniture GJ-5 364.58
₱ 364.58
Account Title: Accounts Payable Account Number: 201

Apri
l 11 Return 1 solar panel GJ-1 30,000.00 April 7 Purchase to CasOLAR on account GJ-1 360,000.00
13 Paid CasSOLAR half the account GJ-2 165,000.00 13 Purchase 2 from ZeUSE SUN GJ-2 58,800.00
15 Paid CasSOLAR the remaining balance GJ-2 165,000.00 16 Purchase 9 from CasSOLAR GJ-2 240,000.00
18 Paid Freight charges GJ-3 2,000.00 21 Received Electric Bill GJ-3 500.00
19 Returned 1 solar panel to ZeUSE SUN GJ-3 29,400.00 22 Received Water Bill GJ-3 800.00
20 Paid ZeUSE SUN GJ-1 27,400.00
24 Paid electricity and Water Bill GJ-2 1,300.00
26 Paid CasSOLAR 25% of the account GJ-2 120,000.00
27 Returns to CasSOLAR GJ-3 30,000.00
570,100.00 660,100.00
₱ 90,000.00
Account Title: Loans Payable Account Number: 202

Apri
l April 21 Borrowings from BDO GJ-3 250,000.00
₱ 250,000.00
Account Title: Salaries Payable Account Number: 203

April 30 Adjusting of accrued salaries GJ-5 14,000.00
₱ 14,000.00
Account Title: Interest Payable Account Number: 204

3
April 0 adjusting of accrued interest on loan GJ-5 625.00
₱ 625.00
Account Title: Reblora Capital Account Number: 301

May 30 Closing entry GJ-6 ₱10,000.00 April 2 Initial Investment GJ-1 340,000.00
340,000.00
3
0 closing entry GJ-6 132,060.42
₱ 462,060.42
Account Title: Reblora, Withdrawal Account Number: 302

3
April 29 Owner's Withdrawal GJ-4 10,000.00 April 0 Closing entry GJ-6 10,000.00
10,000.00
0.00
Account Title: Income Summary Account Number: 303

April 30 accounts with debit balances GJ-6 587,939.58 April 30 accounts with credit balance GJ-6 720,000.00
30 closing of income summary GJ-6 132,060.42
720,000.00
0.00
Account Title: Sales Account Number: 401

April 30 Closing of sales account GJ-6 720,000.00 April 10 Sold to Eunice Residence GJ-1 120,000.00
14 Sold to Julienne trading GJ-2 360,000.00
25 Sold to Aquino Residence GJ-3 160,000.00
28 Sold to Cecille Residence GJ-4 80,000.00
720,000.00
0.00
Account Title: Sales Discount Account Number: 402

April 18 Discount given to Julienne Trading GJ-3 9,600.00 April 30 closing entry GJ-6 9,600.00
9,600.00
0.00
Account Title: Sales Returns and Allowances Account Number: 403

April 17 Returns from Julienne Trading GJ-2 40,000.00 April 30 Closing entry GJ-6 40,000.00
40,000.00
0.00
Account Title: Cost of Goods Sold Account Number: 501

April 10 Sold to Eunice Residence GJ-1 90,000.00 April 17 Returns from julienne Trading GJ-2 30,000.00
14 Sold to Julienne Trading GJ-2 270,000.00
25 Sold to Aquino Residences GJ-3 120,000.00
28 Sold to Cecille Residences GJ-4 60,000.00
540,000.00 30,000.00
510,000.00 April 30 closing entry GJ-6 510,000.00
0.00
Account Title: Salaries Expense Account Number: 601

April 30 Adjusting of accrued salaries GJ-5 14,000.00 April 30 closing entry GJ-6 14,000.00
14,000.00
0.00
Account Title: Electricity Expense Account Number: 602

April 21 Received Bill GJ-3 500.00 April 30 closing entry GJ-6 500.00
500.00
0.00
Account Title: Water Expense Account Number: 603

April 21 Received Bill GJ-3 800.00 April 30 closing entry GJ-6 800.00
800.00
0.00
Account Title: Interest Expense Account Number: 604

April 30 Adjusting of accrued interest on loan GJ-5 625.00 April 30 closing entry GJ-6 625.00
625.00
0.00
Account Title: Store Supplies Account Number: 605

April 30 Adjusting of store supplies used GJ-5 2,000.00 April 30 closing entry GJ-6 2,000.00
2,000.00
0.00
Account Title: Insurance Expense Account Number: 606
April 30 Adjusting of expired insurance GJ-5 1,250.00 April 30 closing entry GJ-6 1,250.00
1,250.00
0.00
Account Title: Rent Expense Account Number: 607

April 30 Adjusting of expired rent GJ-5 5,000.00 April 30 closing entry GJ-6 5,000.00
5,000.00
0.00
Account Title: Depreciation Expense-Store Furniture Account Number: 608

April 30 Depreciation of Store Furniture GJ-5 364.58 April 30 closing entry GJ-6 364.58
364.58
0.00
Account Title: Taxes and Licenses Expense Account Number: 609
April 3 Paid Permits and Licenses GJ-1 2,000.00 April 30 closing entry GJ-6 2,000.00
2,000.00
0.00
Account Title: Transportation Out Account Number: 610

April 12 Paid delivery charges GJ-2 200.00 April 30 closing entry GJ-6 1,800.00
26 Delivery charges paid by Aquino GJ-4 800.00
28 Paid delivery charges GJ-4 800.00
1,800.00
0.00
Reversing Entries:
Account Title: Salaries Payable Account Number: 203

May 1 reversing entry GJ-1 14,000.00 May 1 beginning balance GJ-1 14,000.00
0.00
Account Title: Interest Payable Account Number: 204

May 1 reversing entry GJ-1 625.00 May 1 beginning balance GJ-1 625.00
0.00
Account Title: Salaries Expense Account Number: 601

GJ-1 May 1 reversing entry GJ-1 14000
Account Title: Interest Expense Account Number: 604

GJ-1 May 1 reversing entry GJ-1 625.00

Final General Ledger of Stellar 1

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STELLAR TRADING

Account Title : Accounts Receivable Account Number: 102

Account Title: Notes Receivable Account Number: 103

Account Title: Merchandise Inventory Account Number: 104

Account Title: Store Supplies Account Number: 105

Account Title: Prepaid Rent Account Number: 106

Account Title: Prepaid Insurance Account Number: 107

Account Title: Store Furniture Account Number: 108

Account Title: Accumulated Depreciation-Store Furniture Account Number: 108.5

Account Title: Accounts Payable Account Number: 201

Account Title: Loans Payable Account Number: 202

Account Title: Salaries Payable Account Number: 203

Account Title: Interest Payable Account Number: 204

Account Title: Reblora Capital Account Number: 301

Account Title: Reblora, Withdrawal Account Number: 302

Account Title: Income Summary Account Number: 303

Account Title: Sales Account Number: 401

Account Title: Sales Discount Account Number: 402

Account Title: Sales Returns and Allowances Account Number: 403

Account Title: Cost of Goods Sold Account Number: 501

510,000.00 April 30 closing entry GJ-6 510,000.00

Account Title: Salaries Expense Account Number: 601

Account Title: Electricity Expense Account Number: 602

Account Title: Water Expense Account Number: 603

Account Title: Interest Expense Account Number: 604

Account Title: Store Supplies Account Number: 605

Account Title: Rent Expense Account Number: 607

Account Title: Depreciation Expense-Store Furniture Account Number: 608

Account Title: Transportation Out Account Number: 610

Account Title: Salaries Payable Account Number: 203

Account Title: Interest Payable Account Number: 204

Account Title: Salaries Expense Account Number: 601

Account Title: Interest Expense Account Number: 604

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