GENERAL LEDGER

DATE PARTICULARS REF. DEBIT CREDIT

GENERAL LEDGER
Name: Date:
Year/Section:

Shane Eternal Image completed the following transactions in the month of July, 2

July 5 Shane invested ₱ 50,000 in the name of business.

10 Received ₱ 400 cash from customer on account.
15 Billed customers for services performed, ₱ 10,300.
16 Performed ₱ 1,500 of services for customers who paid in advance in June.
17 Purchased equipment on cash, at a cost of ₱ 3,900.
20 Paid ₱ 3,000 to creditors on account.
21 Received ₱ 4,000 for services rendered on cash basis.
26 Purchased supplies on account, at account.
29 Withdrew ₱ 2,500 for personal use.
30 Paid utilities ₱ 1,200.

TRIAL BALANCE CHART OF ACCOUNTS

Account # Account Title

101 Cash
112 Account Receivable
126 Supplies
157 Equipment
201 Accounts Payable
206 Unearned Revenue
301 Shane, Capital
306 Shane, Drawing
426 Eternal Image Revenue
726 Salaries
732 Utilities expense
wing transactions in the month of July, 2018
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TRIAL BALANCE
 GENERAL LEDGER

DATE PARTICULARS REF. DEBIT CREDIT

July 5 Cash 101 Php 50,000
Shane, Capital 301 Php 50,000
to record investment of Shane Eternal Image
10 Cash 101 400
Account Receivables 112 400
to record service rendered on account
15 Account Receivables 112 10300
Eternal Image Revenue 426 10300
to record billed customers for service rendered
16 Unearned revenue 206 1500
Eternal Image Revenue 426 1500
To record service revenue earned
17 Equipment 157 3900
Cash 101 3900
to record purchase Equipment
20 Account Payable 201 3000
Cash 101 3000
To record payment to creditors
26 Supplies 126 2500
Accounts payable 201 2500
to record purchase of supplies on account
29 Shane, Drawing 306 2500
Cash 101 2500
to record withdrawal of Shane for personal use
30 Utilities expense 732 1200
Cash 101 1200
to record payment for utilities expense