JERIC ISRAEL R.

LICAYAN

GENERAL LEDGER
Account Title: CASH
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-02 Initial Investment GJ-1 60,000.00 Dec-04 Insurance paid GJ-1 6,000.00
Dec-11 Bank loan GJ-1 60,000.00 Dec-08 Office Supplies Bought GJ-1 2,500.00
Dec-16 Legal services earned GJ-1 12,500.00 Dec-16 Miscellaneous Expense paid GJ-1 1,000.00
Dec-20 Legal services earned GJ-1 10,500.00 Dec-22 Payment for Advertising GJ-1 3,600.00
Dec-26 Collections of accounts GJ-2 7,500.00 Dec-25 Partial Payment GJ-2 45,000.00
Dec-30 Legal services earned GJ-2 5,000.00 Dec-27 Payment for utilities GJ-2 1,500.00
Dec-28 Payment Salary GJ-2 5,500.00
Dec-29 Owner's withdrawal GJ-2 12,000.00

Total Debit 155,500.00 Total Credit 77,100.00

Balance 78,400.00

GENERAL LEDGER
Account Title: ACCOUNTS RECEIVABLE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx 20xx

Dec-24 Legal services rendered GJ-2 16,400.00 Dec-26 Collections of accounts GJ-1 7,500.00

Total Debit 16,400.00 Total Credit 7,500.00

Balance 8,900.00

GENERAL LEDGER
Account Title: OFFICE SUPPLIES
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx

Dec-08 Office Supplies Bought GJ-1 2,500.00

Balance 2,500.00

GENERAL LEDGER
Account Title: PREPAID INSURANCE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-04 Insurance paid GJ-1 6,000.00

Balance 6,000.00
 GENERAL LEDGER
Account Title: FURNITURE AND EQUIPMENT
J.R
Date Explanation J.R. DEBIT Date Explanation . CREDIT
20XX
Dec-06 Furniture purchased GJ-1 15,000.00
Dec-14 Computer Equipment GJ-1 60,000.00

Balance 75,000.00

GENERAL LEDGER
Account Title: ACCOUNTS PAYABLE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-25 Partial Payment GJ-2 45,000.00 Dec-06 Furniture purchased GJ-1 15,000.00
Dec-14 Computer Equipment GJ-1 60,000.00

Total Debit 45,000.00 Total Credit 75,000.00

Balance 30,000.00

GENERAL LEDGER
Account Title: LOAN PAYABLE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-11 Bank loan GJ-1 60,000.00

Balance 60,000.00

GENERAL LEDGER
Account Title: NESTOR MARTEL, CAPITAL
Date Explanation J.R.  DEBIT Date Explanation J.R. CREDIT
20xx
Dec-02 Initial Investment GJ-1 60,000.00

Balance 60,000.00

GENERAL LEDGER
Account Title: NESTOR MARTEL, DRAWING
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-29 Owner's withdrawal GJ-2 12,000.00

Balance 12,000.00
 GENERAL LEDGER
Account Title: LEGAL FEES EARNED
J.R
Date Explanation . DEBIT Date Explanation J.R. CREDIT
20xx
Dec-16 Legal services earned GJ-1 12,500.00
Dec-20 Legal services earned GJ-1 10,500.00
Dec-24 Legal services rendered GJ-2 16,400.00
Dec-30 Legal services earned GJ-2 5,000.00

Balance 44,400.00

GENERAL LEDGER
Account Title: MISCELLANEOUS EXPENSE
J.R
Date Explanation J.R. DEBIT Date Explanation . CREDIT
20xx
Dec-18 Miscellaneous Expense paid GJ-1 1,000.00

Balance 1,000.00

GENERAL LEDGER
Account Title: ADVERTISING EXPENSE
J.R
Date Explanation J.R. DEBIT Date Explanation . CREDIT
20xx 20xx
Dec-22 Payment for Advertising GJ-1 3,600.00

Balance 3,600.00

GENERAL LEDGER
Account Title: UTILITIES EXPENSE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx
Dec-27 Payment for utilities GJ-2 1,500.00

Balance 1,500.00

GENERAL LEDGER
Account Title: SALARIES EXPENSE
Date Explanation J.R. DEBIT Date Explanation J.R. CREDIT
20xx 20xx
Dec-28 Payment Salary GJ-2 5,500.00

Balance 5,500.00
 TRIAL BALANCE
NESTOR MARTEL LEGAL SERVICES
As of December 31, 20xx

ACCOUNT DEBIT CREDIT

Cash 78,400.00
Accounts Receivable 8,900.00
Office Supplies 2,500.00
Prepaid Insurance 6,000.00
Furniture and Equipment 75,000.00
Accounts Payable 30,000.00
Loan Payable 60,000.00
NESTOR MARTEL, CAPITAL 60,000.00
Nestor Martel, Drawing 12,000.00
Legal Fees Earned 44,400.00
Miscellaneous Expense 1,000.00
Advertising Expense 3,600.00
Utilities Expense 1,500.00
Salaries Expense 5,500.00
TOTAL 194,400.00 194,400.00