Name: DICHOS JESSAIRA ROQUERO
Section: 12 ABM 1A – 2A 08-24-21
Direction: Read and analyze carefully the transactions then put
your answer on the increase decrease tab and journalize it.
The following are transactions of Ms.Lea Carey, an interior
decorator in her first month of business.
June -02
Invested Php 500,000 cash in the business.
3 Purchased for cash used car for Php 200,000 for use in business.
9 Purchased supplies on account Php 5,000.
11 Billed customers for services performed, Php 15,000.
12 Received a check from customer for services rendered Php
10,000.
15 Paid Php 2,000 cash for advertising her business.
16 The owner invests additional Php 100,000 cash in the business.
17 Purchased office equipment worth Php 50,000. issued a
promissory note, payable next month.
18 Issued check in payment for supplies purchased on june 9.
20 Received Php5,000 cash from customer billed on January 11.
21 Purchased additional office supplies for cash Php 5,000.
22 Issued check in payment for promissory note issued on june 17.
23 Paid creditor on account Php3,000
28 Withdraw Php5,000 cash for personal use.
30 Paid salaries of assistant PhP12,000.
Account Affected Account Classification Effect
Cash Asset Increase
June 2 Capital Owner equity Increase
Account Affected Account Classification Effect
Cash Asset Decrease
3 Vehicles Asset Increase
Account Affected Account Classification Effect
Supplies Asset Increase
9 Account payable Asset Increase
Account Affected Account Classification Effect
Service Revenue Asset Increase
11
Account receivable Asset Increase
Account Affected Account Classification Effect
Service revenue Asset Decrease
12 Account payable Asset Increase
Account Affected Account Classification Effect
Cash Asset Decrease
15 advertising Liability Increase
Account Affected Account Classification Effect
Cash Asset Increase
16 Capital Owner equity Increase
Account Affected Account Classification Effect
Equipment Asset Increase
17
Notes receivable Liability Increase
Account Affected Account Classification Effect
Accounts payable Asset Decrease
18 Cash Asset Decrease
Account Affected Account Classification Effect
Cash Asset Increase
20 Account receivable Asset Increase
Account Affected Account Classification Effect
Supplies Asset Increase
21
Cash Asset Increase
Account Affected Account Classification Effect
Account payable Asset Increase
22 Account receivable Asset Increase
Account Affected Account Classification Effect
Account payable Asset Decrease
23 Account receivable Asset Increase
Account Affected Account Classification Effect
Cash Asset Decrease
28 Drawing Owner equity Increase
Account Affected Account Classification Effect
Cash Asset Decrease
30 Salaries Asset Increase
General Journal Page 1
Date Description P/R Debit Credit
2 Cash P500,000
Ms. Lea carey,Capital P500,000
3 Cash 200,000
Vehicle 200,000
Purchased vehicle of the cash
9 Supplies 5,000
Account payable 5,000
Purchased supplies on account
11 Service Income 15,000
Account receivable 15,000
Payment customer service
12 Account payable 10,000
Service revenue 10,000
Received customer service rendered
15 Cash 2,000
Advertising 2,000
Prepaid advertise for cash
16 Cash 100,000
Ms. Lea carey, capital 100,000
17 Notes payable 50,000
Office equipment 50,000
Purchased on equipment
18 Account payable 5,000
Supplies 5,000
Payment for purchased supply
20 Cash 5,000
Account receivable 15,000
Customer received a cash
21 Cash 5,000
Supplies 5,000
Purchased additional office supply
22 Account payable 50,000
Account receivable 50,000
Payment for promissory
23 Account payable 3,000
Account receivable 3,000
Prepaid creditor on account
28 Cash 5,000
Ms.Lea Carey, Drawing 5,000
30 Cash 12,000
Salaries 12,000
Prepaid salaries of assistant
