GENERAL JOURNAL
Date Particulars Ref Debit Credit
2022
July 1 Supplies 105 - 1,220.00-
Cash 101 - 1,220.00-
To record purchased suplies on cash.
1 Furniture and Fixtures 106 - 24,400.00-
Cash 101 - 6,400.00-
Notes Payable 202 - 18,000.00-
To record purchased furnitures and fixtures giving three notes of 6,000
2 Rent expense 504 - 5,900.00-
Cash 101 - 5,900.00-
To record paid rent for the month.
5 Cash 101 - 7,250.00-
Accounts Receivable 102 - 7,250.00-
To record cash collected
7 Cash 101 - 16,420.00-
Fees Earned 401 - 16,420.00-
To record fees collected.
7 Supplies 105 - 5,860.00-
Accounts Payable 201 - 5,860.00-
To record purchased supplies on account.
8 Accounts Payable 201 - 510.00-
Supplies 105 - 510.00-
To record returned defective supplies
10 Prepaid Insurance 108 - 6,750.00-
Advertising Expense 502 - 3,630.00-
Cash 101 - 10,380.00-
To record one-year prepaid fire insurance.
15 Salaries Expense 503 - 8,750.00-
Cash 101 - 8,750.00-
To record paid salaries for employees.
16 Accounts Payable 201 - 9,150.00-
Cash 101 - 9,150.00-
To record paid creditors on accounts.
19 Accounts Receivable 102 - 17,460.00-
Fees Earned 401 - 17,460.00-
To record fees earned on account.
21 Utilities expense 507 - 3,180.00-
Cash 101 - 3,180.00-
To record paid electricity and water bill.
23 Utilities Expense 507 - 3,630.00-
Accounts Payable 201 - 3,630.00-
To record received bill for telephone.
24 Miscellaneous Expense 511 - 1,780.00-
Transportation Expense - 1,600.00-
Cash 101 - 3,380.00-
To record payment for for expenses.
27 Cash 101 - 18,640.00-
Accounts Receivable 102 - 18,640.00-
To record cash collected from customer.
30 Salaries expense 503 - 8,830.00-
Cash 101 - 8,830.00-
To record payment for salaries of employees.
31 F. Morelos, Drawing 302 - 7,500.00-
Cash 101 - 7,500.00-
To record withrawal of the owner
31 Notes Payable 202 - 6,000.00-
Cash 101 - 6,000.00-
To record first note issued on 1st of july
GENERAL LEDGER
Cash
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 Beginning balance - 142,800.00- July 1 To record purchased suplies on cash. - 1,220.00-
5 to record collected cash from the accounts receivable. - 7,250.00- 1 payment for furniture and fixture - 6,400.00-
7 To record received cash from the fees earned. - 16,420.00- 2 To record paid rent for the month. - 5,900.00-
27 To record received cash from customers. - 18,640.00- 10 To record one-year prepaid fire insurance. - 10,380.00-
15 To record paid salaries for employees. - 8,750.00-
16 To record paid creditors on accounts. - 9,150.00-
21 To record paid electricity and water bill. - 3,180.00-
25 To record payment for for expenses. - 3,380.00-
30 To record payment for salaries of employees. - 8,830.00-
31 To record withrawal of the owner - 7,500.00-
31 To record first note issued on 1st of july - 6,000.00-
Total - 185,110.00- Total - 70,690.00-
Ending Balance - 114,420.00-
Accounts Receivable
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 beginning balance - 11,650.00- July 5 To record cash collected - 7,250.00-
19 To record fees earned on account. - 17,460.00- 27 To record cash collected from customer. - 18,640.00-
Total - 29,110.00- Total - 25,890.00-
Ending Balance - 3,220.00-
Supplies
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 Beginning balance - 3,590.00- July 8 To record returned defective supplies - 510.00-
1 To record purchased suplies on cash. - 1,220.00-
7 To record purchased supplies on account. - 5,860.00-
Total - 10,670.00- Total - 510.00-
Ending Balance - 10,160.00-
Prepaid Insurance
Date Particulars Ref Debit Date Particulars Ref Credit
July 10 To record one-year prepaid fire insurance. - 6,750.00-
Total - 6,750.00- Total - - -
Ending Balance - 6,750.00-
Furniture and Fixture
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 Beginning balance - 37,800.00-
To record purchased furnitures and fixtures giving three notes of 6,000 - 24,400.00-
Total - 62,200.00- Total - - -
Ending Balance - 62,200.00-
Equipmemt
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 Beginning balance - 95,600.00-
Total - 95,600.00- Total - - -
Ending Balance - 95,600.00-
Accounts Payable
Date Particulars Ref Debit Date Particulars Ref Credit
July 8 To record returned defective supplies - 510.00- July 1 beginning balance - 16,750.00-
16 To record paid creditors on accounts. - 9,150.00- 7 To record purchased supplies on account. - 5,860.00-
23 To record received bill for telephone. - 3,630.00-
Total - 9,660.00- Total - 26,240.00-
Ending Balance - 16,580.00-
Notes Payable
Date Particulars Ref Debit Date Particulars Ref Credit
July 31 To record first note issued on 1st of july - 6,000.00- july 1 To record purchased furnitures and fixtures giving three notes of 6,000 - 18,000.00-
Total - 6,000.00- Total - 18,000.00-
Ending Balance - 12,000.00-
Fees Earned
Date Particulars Ref Debit Date Particulars Ref Credit
July 7 To record fees collected. - 16,420.00-
19 To record fees earned on account. - 17,460.00-
Total Total - 33,880.00-
Ending Balance
F. Morelos, Capital
Date Particulars Ref Debit Date Particulars Ref Credit
July 1 Beginning balance - 274,690.00-
Total Total - 274,690.00-
Ending Balance - 274,690.00-
F. Morelos, Drawing
Date Particulars Ref Debit Date Particulars Ref Credit
July 31 To record withrawal of the owner - 7,500.00-
Total - 7,500.00- Total
Ending Balance - 7,500.00-
GENERAL LEDGER
Salries Expense
Date Particulars Ref Debit Date Particulars Ref Credit
July 15 To record paid salaries for employees. - 8,750.00-
30 To record payment for salaries of employees. - 8,830.00-
Total - 17,580.00- - - -
Rent Expense
Date Particulars Ref Debit Date Particulars Ref Credit
July 2 To record paid rent for the month. - 5,900.00-
Total 5,900 - - -
- - -
Advertising Expense
Date Particulars Ref Debit Date Particulars Ref Credit
July 10 To record one-year prepaid fire insurance. - 3,630.00-
Total - 3,630.00- Total - - -
Utilities Expense
Date Particulars Ref Debit Date Particulars Ref Credit
july 21 To record paid electricity and water bill. - 3,180.00-
23 To record received bill for telephone. - 3,630.00-
Total - 6,810.00- Total - - -
Transportation Expense
Date Particulars Ref Debit Date Particulars Ref Credit
July 24 to record transportation expense - 1,600.00-
Total - 1,600.00- Total
Miscellaneous Expense
Date Particulars Ref Debit Date Particulars Ref Credit
July 24 to record payent for miscellaneous expense - 1,780.00-
Ending Balance - 1,780.00-
MASIPAG EMPLOYMENT SERVICES
TRIAL BALANCE
AS OF JULY 31, 2022
Debit Credit
Cash - 114,420.00-
Accounts Receivable - 3,220.00-
Supplies - 10,160.00-
Prepaid Insurance - 6,750.00-
Furniture and Fixture - 62,200.00-
Equipment - 95,600.00-
Accounts Payable - 16,580.00-
Notes Payable - 12,000.00-
F. Morelos, Capital - 274,690.00-
F. Morelos, Drawing - 7,500.00-
Fees Earned - 33,880.00-
Salaries Expense - 17,580.00-
Rent expense - 5,900.00-
Advertising expense - 3,630.00-
Utilities Expense - 6,810.00-
Transporatation expense - 1,600.00-
Miscellaneous Expense - 1,780.00-
- 337,150.00- - 337,150.00-
