DATE Account Title and Explanation Ref.

Debit Credit
DEC. xx Depreciation Expense P xxx,xxx.xx

Accumulated Depreciation P xxx,xxx.xx

record depreciation of PPE

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Depreciation Expense P 600,000

Accumulated Depreciation P 600,000

record depreciation of PPE

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Bad Debts Expense P xxx,xxx.xx

Allowance for Doubtful Accounts P xxx,xxx.xx

To record allowances for

receivables that cannot be
collected
 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Bad Debts Expense P 50,000

Allowance for Doubtful Accounts P 50,000

To record allowances for

receivables that cannot be
collected
 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Allowance for Doubtful Accounts P 20,000

Accounts Receivable P 20,000

To record receivables that cannot

be collected
 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Prepaid Expense P xxx,xxx

Cash P xxx,xxx

To record prepaid expense

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Expense P xxx,xxx

Prepaid Expense P xxx,xxx

To record prepaid expense incurred

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Expense P xxx,xxx

Accrued Expense Payable P xxx,xxx

To record accrued expense

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Cash P xxx,xxx

Unearned Revenue P xxx,xxx

To record unearned revenue

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Unearned Revenue P xxx,xxx

Revenue P xxx,xxx

To record earned revenue

 DATE Account Title and Explanation Ref. Debit Credit
DEC. xx Receivable P xxx,xxx

Revenue P xxx,xxx

To record revenue to be collected