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    02 Activity 2 With Trial Balance

    Uploaded by

    Rich Ann Acordo
    The document shows accounting transactions for a business over a month. It includes details of cash transactions, expenses, income and balances at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    02 Activity 2 With Trial Balance

    Uploaded by

    Rich Ann Acordo
    11 views6 pages
    The document shows accounting transactions for a business over a month. It includes details of cash transactions, expenses, income and balances at the end of the period.

    Original Description:

    Basic accounting

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    © © All Rights Reserved

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    The document shows accounting transactions for a business over a month. It includes details of cash transactions, expenses, income and balances at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    11 views6 pages

    02 Activity 2 With Trial Balance

    Uploaded by

    Rich Ann Acordo
    The document shows accounting transactions for a business over a month. It includes details of cash transactions, expenses, income and balances at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    02 Activity 2

    DATE TRANSACTIONS P.R DEBIT


    Jan-01 Cash 101 ₱50,000.00
    W. Adams, Capital 301
    To record Wilson Adams' investment.
    2 Rent Expense 514 ₱2,500.00
    Cash 101
    To record payment for office rent.
    5 Office Equipment 141 ₱14,000.00
    Accounts Payable 202
    To record purchased of office equipment.
    6 Art Equipment 151 ₱2,700.00
    Cash 101
    To record purchased of art equipment.
    7 Supplies 121 ₱1,050.00
    Cash 101
    To record purchased of supplies.
    10 Office Cleaning Service 511 ₱500.00
    Cash 101
    To record rendering of office cleaning service.
    12 Cash 101 ₱3,600.00
    Accounts Receivable 111 ₱1,400.00
    Fees Income 401
    To record fees income received in cash.
    To record accounts receivable.
    15 Cash 101 ₱300.00
    Supplies 121
    To record cash refund.
    18 Office Equipment 141 ₱2,500.00
    Cash 101
    Accounts Payable 202
    To record purchased of office equipment.
    To record accounts payable.
    20 Accounts Payable 202 ₱7,000.00
    Cash 101
    To record payment for accounts payable invoice 6704.
    26 Fees Income 401 ₱3,900.00
    Accounts Receivable 111
    To record accounts receivable.
    27 Telephone Expense 520 ₱275.00
    Cash 101
    To record telephone expense.
    30 Cash 101 ₱3,200.00
    Accounts Receivable 111
    To record accounts receivable.
    Utilities Expense 523 ₱350.00
    Cash 101
    To record utilities expense.
    Salaries Expense 517 ₱7,500.00
    Cash 101
    To record salaries expense.
    Total ₱100,775.00
    CREDIT

    ₱50,000.00

    ₱2,500.00

    ₱14,000.00

    ₱2,700.00

    ₱1,050.00

    ₱500.00

    ₱5,000.00

    ₱300.00

    ₱1,500.00
    ₱1,000.00

    ₱7,000.00

    ₱3,900.00

    ₱275.00
    ₱3,200.00

    ₱350.00

    ₱7,500.00

    ₱100,775.00
    TRIAL BALANCE

    Account Titles Debit Credit


    Cash ₱33,725.00
    Accounts Receivable ₱5,700.00
    Supplies ₱750.00
    Office Equipment ₱16,500.00
    Art Equipment ₱2,700.00
    Accounts Payable ₱8,000.00
    W. Adams, Capital ₱50,000.00
    Fees Income ₱1,100.00
    Office Cleaning Expense ₱500.00
    Rent Expense ₱2,500.00
    Salaries Expense ₱7,500.00
    Telephone Expense ₱275.00
    Utilities Expense ₱350.00
    Total: ₱64,800.00 ₱64,800.00
    CASH ACCOUNTS PAYABLE
    ₱50,000.00 ₱2,500.00 ₱7,000.00 ₱14,000.00
    ₱3,600.00 ₱2,700.00 ₱1,000.00
    ₱300.00 ₱1,050.00 ₱15,000.00
    ₱3,200.00 ₱500.00 ₱8,000.00
    ₱1,500.00
    ₱7,000.00
    ₱275.00 CAPITAL
    ₱350.00 ₱50,000.00
    ₱7,500.00
    ₱57,100.00 ₱23,375.00 FEES INCOME
    ₱33,725.00 ₱3,900.00 ₱5,000.00
    ₱1,100.00
    ACCOUNTS RECEIVABLES
    ₱1,400.00 ₱3,900.00 OFFICE CLEANING EXPENSE
    ₱3,200.00 ₱500.00
    ₱7,100.00
    ₱5,700.00 SALARIES EXPENSE
    ₱7,500.00
    OFFICE EQUIPMENT
    ₱14,000.00 RENT EXPENSE
    ₱2,500.00 ₱2,500.00
    ₱16,500.00
    TELEPHONE EXPENSE
    ₱275.00
    ART EQUIPMENT
    ₱2,700.00 UTILITIES EXPENSE
    ₱350.00

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