ASSETS

DATE TRANSACTION CASH

Invested in the Business ₱ 250,000.00
Dec-01 Acquired Supplies on Account
4 Acquired Videotapes on Account
5 Paid to Creditors -₱ 85,000.00
8 Received Cash from ACA Video and Rental Fees ₱ 78,000.00
11 Billed Video City for Video Rentals
16 Paid Salaries -₱ 65,000.00
17 Collected cash from Video City ₱ 77,000.00
23 Withdrew Cash from Business -₱ 47,000.00
24 Paid Rent for the Month -₱ 41,500.00
Paid Utilties Bill -₱ 17,500.00

₱ 149,000.00
 ASSETS LIABILITES
ACCOUNTS RECEIVABLE SUPPLIES VIDEOTAPES ACCOUNTS PAYABLE

₱ 67,000.00 ₱ 67,000.00
₱ 235,000.00 ₱ 235,000.00
-₱ 85,000.00

₱ 105,000.00

-₱ 77,000.00

₱ 28,000.00 ₱ 67,000.00 ₱ 235,000.00 ₱ 217,000.00

₱ 479,000.00 ₱ 479,000.00
 OWNER'S EQUITY
VICTORINO, CAPITAL
₱ 250,000.00

₱ 78,000.00
₱ 105,000.00
-₱ 65,000.00

-₱ 47,000.00
-₱ 41,500.00
-₱ 17,500.00

₱ 262,000.00
479,000.00
 ASSETS
DATE TRANSACTION CASH ACCOUNTS RECEIVABLES
Jun-01 Invested cash in the business ₱ 10,000.00
2 Purchased a van -₱ 2,000.00
3 Paid Office rent -₱ 500.00
5 Performed service on account ₱ 4,400.00
9 Withrew Cash -₱ 200.00
12 Purchase Supplies
15 Received Payment ₱ 1,250.00 -₱ 1,250.00
17 Purchased Gasoline
20 Received Cash ₱ 1,300.00 -₱ 1,300.00
23 Made Cash Payment -₱ 600.00
26 Paid Utilities -₱ 250.00
29 Paid Gasoline Purchased -₱ 200.00
Paid Salaries -₱ 1,000.00
₱ 7,800.00 ₱ 1,850.00
₱
SSETS LIABILITIES OWNER'S EQU
SUPPLIES EQUIPMENT ACCONTS PAYABLE NOTES PAYABLE OWNER'S CAPITAL
₱ 10,000.00
₱ 12,000.00 ₱ 10,000.00

₱ 150.00 ₱ 150.00

₱ 200.00

-₱ 600.00

-₱ 200.00

₱ 150.00 ₱ 12,000.00 ₱ 150.00 ₱ 9,400.00 ₱ 10,000.00

21,800.00 ₱ 9,550.00 ₱
₱ 21,800.00 ₱ 21,800.00
 OWNER'S EQUITY
OWNER'S DRAWING REVENUE EXPENSES

₱ 500.00
₱ 4,400.00
₱ 200.00

₱ 250.00
₱ 200.00
₱ 1,000.00
₱ 200.00 ₱ 4,400.00 ₱ 1,950.00
12,250.00
TRANSACTION ASSETS
CASH ACC. REC. SUPPLIES
Balance $9,000 $ 1,700.00 $ 600.00
1 $ -2,900.00
2 $ 1,300.00 $ -1,300.00
3 $ -800.00
4 $ 2,500.00 $ 5,300.00
5 $ -1,100.00
6 $ -1,700.00
$ -900.00
$ -450.00
7
8 $ 10,000.00
$ 14,950.00 $ 5,700.00 $ 600.00

$ 29,350.00
 = LIABILITIES + OWNER'S EQUITY
EQUIPMENT NOTES PAYABLE ACCOUNTS PAYABLE OWNER'S CAPITAL
$ 6,000.00 $ 3,600.00 $ 13,700.00
$ -2,900.00

$ 2,100.00 $ 1,300.00

$ 170.00
$ 10,000.00
$ 8,100.00 $ 10,000.00 $ 2,170.00 $ 13,700.00
$ 12,170.00 $
29,350.00 $ 29,350.00
 OWNER'S EQUITY
OWNER'S DRAWING REVENUES EXPENSES

$ 7,800.00
$ 1,100.00
$ 1,700.00
$ 900.00
$ 450.00
$ 170.00

$ 1,100.00 $ 7,800.00 $ 3,220.00

17,180.00
JALAO, KARYSSE ARIELLE NOEL
BS ACCOUNTANCY - 1A

ASSETS
TRANSACTIONS
CASH
1 Invested Cash in the Business $ 10,000.00
2 Purchased Equipment $ -5,000.00
3 Paid Office Rent for May $ -400.00
4 Paid Supplies $ -500.00
5 Paid Advertising Cost on account
6 Received Cash for Service Performed $ 6,100.00
7 Withdrew Cash for Personal Use $ -1,000.00
8 Paid part-time employee salaries $ -2,000.00
9 Paid Utility Bills $ -170.00
10 Provided repair service on account
11 Collected cash for service billed $ 120.00
$ 7,150.00
 THREET'S REPAIR SHOP
ASSETS = LIABILITIES +
ACC. REC. SUPPLIES EQUIPMENT ACCOUNTS PAYABLE

$ 5,000.00

$ 500.00
$ 250.00

$ 750.00
$ -120.00
$ 630.00 $ 500.00 $ 5,000.00 $ 250.00

$ 13,280.00 = $ 13,280.00
 PROBLEM 1-1A

P
OWNER'S EQUITY
OWNER'S CAPITAL OWNER'S DRAWING REVENUES EXPENSES
$ 10,000.00

$ 400.00

$ 250.00
$ 6,100.00
$ 1,000.00
$ 2,000.00
$ 170.00
$ 750.00

$ 10,000.00 $ 1,000.00 $ 6,850.00 $ 2,820.00

13,280.00
 ASSETS
DATE TRANSACTIONS
CASH ACC. REC.
1-Jun Invested Cash in the Business ₱ 10,000.00
2 Purchased a Used Van for Deliveries -₱ 2,000.00
3 Paid Rent for the Month -₱ 500.00
5 Performed Service ₱ 4,400.00
9 Withdrew Cash -₱ 200.00
12 Purchased Supplies on Account
15 Received Cash Payment for Serv ice Provided ₱ 1,250.00 -₱ 1,250.00
17 Purchased Gasoline on Account
20 Received Cash Payment for Serv ice Provided ₱ 1,300.00 -₱ 1,300.00
23 Made Cash Payment on the note payable -₱ 600.00
26 Paid Utilities -₱ 250.00
29 Paid for the gas purchased -₱ 200.00
30 Paid Salaries -₱ 1,000.00
₱ 7,800.00 ₱ 1,850.00

₱
ASSETS = LIABILITIES
SUPPLIES EQUIPMENT NOTES PAYABLE

₱ 12,000.00 ₱ 10,000.00

₱ 150.00

-₱ 600.00

₱ 150.00 ₱ 12,000.00 ₱ 9,400.00

₱ 9,550.00

21,800.00 = ₱
LIABILITIES + OWNER'S EQUITY
ACCOUNTS PAYABLE OWNER'S CAPITAL OWNER'S DRAWING REVENUES
₱ 10,000.00

₱ 4,400.00
₱ 200.00
₱ 150.00

₱ 200.00

-₱ 200.00

₱ 150.00 ₱ 10,000.00 ₱ 200.00 ₱ 4,400.00

9,550.00 ₱

2
 EXPENSES

₱ 500.00

₱ 200.00

₱ 250.00

₱ 1,000.00
₱ 1,950.00
12,250.00

21,800.00
 GENERAL JOURNAL
DATE PARTICULARS REF.
J1
APRIL
1 CASH
CAPITAL
To record Money Invested to Business

4 LAND
CASH
To Record Land Purchased

8 ADVERTISING EXPENSE
ACCOUNTS PAYABLE
To Record Advertising Expense

11 SALARIES EXPENSE
CASH
To record Salary Expense

12
NO ENTRY

13 INSURANCE EXPENSE
CASH
To record expense for a one-year insurance policy

17 DRAWINGS
CASH
Withdrew Cash for Personal Use

20 CASH
REVENUE
Received Cash for Service Provided

25 CASH
SERVICE REVENUE
Received cash for tickets sold

30 CASH
SERVICE REVENUE
Received Cash
30 ACCOUNTS PAYABLE
CASH
Paid Creditor
L
DEBIT CREDIT

₱ 35,000.00
₱ 35,000.00

₱ 27,000.00
₱ 27,000.00

₱ 1,800.00
₱ 1,800.00

₱ 1,500.00
₱ 1,500.00

₱ 150.00
₱ 150.00

₱ 1,650.00
₱ 1,650.00

₱ 500.00
₱ 500.00

₱ 6,800.00
₱ 6,800.00

₱ 2,500.00
₱ 2,500.00

₱ 8,900.00
₱ 8,900.00
₱ 900.00
₱ 900.00
 GENERAL JOURNAL
DATE PARTICULARS REF.
J1
MAY
$ 1.00 CASH
CAPITAL
To record Money Invested to Business

$ 2.00
NO ENTRY

$ 3.00 SUPPLIES
ACCOUNTS PAYABLE
To Record Supplies Purchased on Account

$ 7.00 RENT EXPENSE

CASH
To record Rent Expense

$11.00 ACCOUNTS RECEIVABLE

SERVICE REVENUE
Billed Customers for Service Provided

$12.00 CASH
UNEARNED SERVICE REVENUE
Received Advanced Payment for Future Service

$17.00 CASH
SERVICE REVENUE
Received Cash for Service Provided

$31.00 SALARY EXPENSE

CASH
Paid Worker's Salary

$31.00 ACCOUNTS PAYABLE

CASH
Paid 60% of Balance Due to Creditor
 GE

L ASSETS

DEBIT CREDIT 101 CASH

DEBIT CREDIT
$ 20,000.00 $ 900.00
$ 20,000.00 $ 3,500.00 $ 2,000.00
$ 20,000.00 $ 1,200.00 $ 1,500.00
$ 24,700.00 $ 4,400.00
$ 20,300.00

112 ACCOUNTS RECEIVABLES

DEBIT CREDIT
$ 2,500.00 $ 3,200.00
$ 2,500.00

$ 900.00 $ 3,200.00
$ 900.00
126 SUPPLIES
DEBIT CREDIT
$ 3,200.00 $ 2,500.00
$ 3,200.00

$ 3,500.00 $ 2,500.00
$ 3,500.00

$ 1,200.00
$ 1,200.00

$ 2,000.00
$ 2,000.00

$ 1,500.00
$ 1,500.00
 GENERAL LEDGER

LIABILITIES REVENUE

201 ACCOUNTS PAYABLE 400 SERVICE REVENUE

DEBIT CREDIT DEBIT CREDIT
$ 1,500.00 $ 2,500.00 $ 3,200.00
$ 1,200.00

$ 1,000.00 $ 4,400.00

209 UNEARNED S/R EXPENSES

DEBIT CREDIT
$ 3,500.00 726 S/W EXPENSES
DEBIT CREDIT
$ 2,000.00

$ 3,500.00

$ 2,000.00
OWNER'S EQUITY

301 OWNERS CAPITAL 729 RENT EXPENSE

DEBIT CREDIT DEBIT CREDIT
$ 20,000.00 $ 900.00
$ 20,000.00
 TRIAL BALANCE

ACCOUNT NO. ACCOUNT TITLE

$ 101.00 CASH
$ 112.00 ACCOUNTS RECEIVABLE
$ 126.00 SUPPLIES

$ 201.00 ACCOUNTS PAYABLE

$ 209.00 UNEARNED SERVICE REVENUE

$ 301.00 OWNER'S EQUITY

$ 400.00 REVENUE

$ 726.00 RENT EXPENSE

$ 729.00 SALARY & WAGES EXPENSE
ALANCE

DEBIT CREDIT
$ 20,300.00
$ 3,200.00
$ 2,500.00

$ 1,000.00
$ 3,500.00

$ 20,000.00

$ 4,400.00

$ 2,000.00
$ 900.00
$ 28,900.00 $ 28,900.00
 T-ACCOUNTS

ASSETS LIABILITIES

CASH ACCOUNTS PAYABLE

DEBIT CREDIT DEBIT
$ 8,000.00 $ 1,000.00 $ 15,000.00
$ 6,000.00 $ 2,000.00
$ 14,000.00 $ 3,500.00
$ 15,000.00
$ 3,000.00
$ 28,000.00 $ 24,500.00
$ 4,500.00
OWNER'S EQUITY

ACCOUNTS RECEIVABLES CAPITAL

DEBIT CREDIT DEBIT
$ 15,000.00 $ 14,000.00
$ 9,000.00

$ 24,000.00 $ 14,000.00 DRAWINGS

$ 3,500.00 DEBIT
$ 3,000.00
SUPPLIES $ 3,000.00
DEBIT CREDIT
$ 13,000.00
$ 4,200.00

$ 17,200.00

EQUIPMENT
BAL DEBIT CREDIT
$ 20,000.00

PREPAID RENT
BAL DEBIT CREDIT
$ 3,000.00
 T-ACCOUNTS

LIABILITIES REVENUE

ACCOUNTS PAYABLE SERVICE REVENUE

CREDIT DEBIT CREDIT
$ 19,000.00 $ 15,000.00
$ 4,200.00

$ 4,000.00 $ 15,000.00

OWNER'S EQUITY EXPENSES

CAPITAL S/W EXPENSE

CREDIT DEBIT CREDIT
$ 40,000.00 $ 3,500.00
$ 40,000.00

DRAWINGS
CREDIT

ADVERTISING EXP
DEBIT CREDIT
$ 1,000.00

MISC EXP
DEBIT CREDIT
$ 2,000.00
 TRIAL BALANCE

ACCOUNT TITLE DEBIT CREDIT

CASH $ 3,500.00
ACCOUNTS RECEIVABLE $ 10,000.00
SUPPLIES $ 17,200.00
PREPAID RENT $ 3,000.00
EQUIPMENT $ 20,000.00

ACCOUNTS PAYABLE $ 8,200.00

OWNERS DRAWING $ 3,000.00

OWNERS CAPITAL $ 40,000.00
REVENUE $ 15,000.00
MISC $ 2,000.00
ADVERTISING $ 1,000.00
SALARY & WAGES EXPENSE $ 3,500.00
$ 63,200.00 $ 63,200.00
 GENERAL JOURNAL
DATE PARTICULARS REF.
J1
JAN
ADVERTISING EXPENSE
CASH

SUPPLIES
ACCOUNTS PAYABLE

MISCELLANEOUS EXPENSE
CASH

CASH
ACCOUNTS RECEIVABLES

ACCOUNTS PAYABLE
CASH

NO ENTRY

CASH
ACCOUNTS RECEIVABLE
SERVICE REVENUE

SALARY EXPENSE
CASH

DRAWINGS
CASH
L
DEBIT CREDIT ASSETS

CASH
$ 1,000.00 DEBIT CREDIT
$ 1,000.00 $ 14,000.00 $ 1,000.00
$ 6,000.00 $ 2,000.00
$ 4,200.00 $ 15,000.00
$ 4,200.00 $ 3,500.00
$ 3,000.00
$ 2,000.00 $ 20,000.00 $ 24,500.00
$ 2,000.00 $ 4,500.00

$ 14,000.00
$ 14,000.00 ACCOUNTS RECEIVABLES
DEBIT CREDIT
$ 15,000.00 $ 9,000.00 $ 14,000.00
$ 15,000.00

$ 9,000.00

SUPPLIES
$ 6,000.00 DEBIT CREDIT
$ 9,000.00 $ 4,200.00
$ 15,000.00

$ 3,500.00
$ 3,500.00

$ 3,000.00 EQUIPMENT
$ 3,000.00 DEBIT CREDIT

PREPAID RENT
DEBIT CREDIT
 T-ACCOUNTS

LIABILITIES REVENUE

ACCOUNTS PAYABLE SERVICE REVENUE

DEBIT $ 4,200.00 DEBIT CREDIT
$ 15,000.00 $ 15,000.00

OWNER'S EQUITY EXPENSES

CAPITAL S/W EXPENSE

DEBIT CREDIT DEBIT CREDIT
$ 3,500.00

DRAWINGS
DEBIT CREDIT
$ 3,000.00

ADVERTISING EXP
DEBIT CREDIT
$ 1,000.00

MISC EXP
DEBIT CREDIT
$ 2,000.00
 TRIAL BALANCE

ACCOUNT TITLE DEBIT CREDIT

CASH $ 4,500.00
ACCOUNTS RECEIVABLE $ 5,000.00
SUPPLIES $ 4,200.00

ACCOUNTS PAYABLE $ 10,800.00

OWNERS DRAWING $ 3,000.00

OWNERS CAPITAL
REVENUE $ 15,000.00
MISC $ 2,000.00
ADVERTISING $ 1,000.00
SALARY & WAGES EXPENSE $ 3,500.00
$ 24,500.00 $ 24,500.00