GENERAL JOURNAL

DATE PARTICULARS F DEBIT CREDIT

Dec. 1 Player Contracts 180 P1,875,000
Cash 110 P225,000
Notes Payable 210 1,650,000
Acquired a contract

2 Cash 110 2,809,500

Accounts Receivable 120 2,809,500
Collected payment from season-tickets

3 Accounts Payable 220 1,657,500

Cash 110 1,657,500
Settled accounts payable

4 Advertising Expense 520 78,600

Cash 110 78,600
Paid advertisement

5 Uniform Supplies 130 30,750

Accounts Payable 220 30,750
Acquired additional uniform on account

9 Accounts Receivable 120 320,250

Game Attendance Revenue 410 320,250
Billed season-ticket holders

10 Notes Payable 210 600,000

Cash 110 600,000
Paid account

11 Prepaid Insurance 140 215,250

Cash 110 215,250
Acquired insurance

12 Training Equipment 170 319,500

Accounts Payable 220 319,500
Acquired additional equipment on account

15 Salaries Expense 510 1,136,250

Cash 110 1,136,250
Paid salaries

17 Cash 110 3,316,050

Game Attendance Revenue 410 3,316,050
Received payment
19 Travel Expense 530 558,000
Cash 110 558,000
Paid travel expenses

20 Laundry Expense 540 941,850

Cash 110 941,850
Paid laundry expenses

23 Accounts Payable 220 941,850

Cash 110 941,850
Paid creditors

25 Miscellaneous Expense 570 26,850

Cash 110 26,850
Paid Miscellaneous expense

26 Medical Expense 550 18,900

Cash 110 18,900
Paid medical expenses

27 Utilities Expense 560 210,450

Cash 110 210,450
Paid utilities expense

28 Salaries Expense 510 1,240,650

Cash 110 1,240,650
Paid salaries

30 Fabella V., Withdrawals 320 250,000

Cash 110 250,000
Withdrawals
P16,547,200 P16,547,200
 LEDGER

110 CASH
DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Cash J12 P1,129,800 P1,129,800
Dec.1 Cash 225,000 904,800
Dec.2 Cash 2,809,500 3,714,300
Dec.3 Cash 1,657,500 2,056,800
Dec.4 Cash 78,600 1,978,200
Dec.10 Cash 600,000 1,378,200
Dec.11 Cash 215,250 1,162,950
Dec.15 Cash 1,136,250 26,700
Dec.17 Cash 3,316,050 3,342,750
Dec.19 Cash 558,000 2,784,750
Dec.20 Cash 941,850 1,842,900
Dec. 23 Cash 941,850 901,050
Dec.26 Cash 18,900 882,150
Dec.27 Cash 210,450 671,700
Dec.28 Cash 1,240,650 -568,950
Dec.30 Cash 250,000 -818,950

120 ACCOUNTS RECEIVABLE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Accounts Receivable J12 3,712,500 3,712,500
Dec. 2 Accounts Receivable 2,809,500 903,000
Dec.5 Accounts Receivable 30,750 872,250
Dec.9 Accounts Receivable 320,250 1,192,500

130 UNIFORM SUPPLIES

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Uniform Supplies J12 31,050 31,050
Dec.5 Uniform Supplies 30,750 61,800

140 PREPAID INSURANCE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Dec.11 Prepaid Insurance 215,250 215,250

150 LAND
DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Land J12 2,025,000 2,025,000
 160 TRAINING FACILITIES
DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Training Facilities J12 12,750,000 12,750,000

170 TRAINING EQUIPMENT

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Training Equipment J12 2,625,000 2,625,000
Dec.12 Training Equipment 319,500 2,944,500

180 PLAYER CONTRACTS

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Player Contracts J12 11,250,000 11,250,000
Dec.1 Player Contracts 1,875,000 13,125,000

210 NOTES PAYABLE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Notes Payable J12 1,800,000 1,800,000
Dec.1 Notes Payable 1,650,000 3,450,000
Dec.10 Notes Payable 600,000 2,850,000

220 ACCOUNTS PAYABLE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Accounts Payable J12 4,725,000 4,725,000
Dec.3 Accounts Payable 1,657,500 3,067,500
Dec.12 Accounts Payable 319,500 3,387,000
Dec.23 Accounts Payable 941,850 2,445,150

230 MORTGAGE PAYABLE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Mortgage Payable J12 10,500,000 10,500,000

310 FABELLA, CAPITAL

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Fabella, Capital J12 17,643,000 17,643,000

320 FABELLA, WITHDRAWALS

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Fabella, Withdrawals J12 1,875,000 1,875,000
Dec.30 Fabella, Withdrawals 250,000 2,125,000
 410 GAME ATTENDANCE REVENUE
DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Game Attendance Revenue J12 10,125,000 10,125,000
Dec.9 Game Attendance Revenue 320,250 10,445,250
Dec.17 Game Attendance Revenue 3,316,050 13,761,300

510 SALARIES EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Salaries Expense J12 4,875,000 4,875,000
Dec.15 Salaries Expense 1,136,250 6,011,250
Dec.28 Salaries Expense 1,240,650 7,251,900

520 ADVERTISING EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Advertising Expense J12 400,950 400,950
Dec. 4 Advertising Expense 78,600 479,550

530 TRAVEL EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Travel Expense J12 1,532,400 1,532,400
Dec.19 Travel Expense 558,000 2,090,400

540 LAUNDRY EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Laundry Expense J12 528,000 528,000
Dec.20 Laundry Expense 941,850 1,469,850

550 MEDICAL EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Medical Expense J12 194,550 194,550
Dec.26 Medical Expense 18,900 213,450

560 UTILITIES EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Utilities Expense J12 1,734,000 1,734,000
Dec.27 Utilities Expense 210,450 1,944,450

570 MISCELLANEOUS EXPENSE

DATE PARTICULARS P DEBIT CREDIT BALANCE
Nov.30 Miscellaneous Expense J12 130,500 130,500
Dec.25 Miscellaneous Expense 26,850 157,350
 Eternal Images
Trial Balance
For the month of December 2015

Cash -818,950
Accounts Receivable 1,192,500
Uniform Supplies 61,800
Prepaid Insurance 215,250
Land 2,025,000
Training Facilities 12,750,000
Training Equipment 2,944,500
Player Contracts 13,125,000
Notes Payable 2,850,000
Accounts Payable 2,445,150
Mortgage Payable 10,500,000
Fabella, Capital 17,643,000
Fabella, Withdrawals (2,125,000)
Game Attendance Revenue 13,761,300
Salaries Expense 7,251,900
Advertising Expense 479,550
Travel Expense 2,090,400
Laundry Expense 1,469,850
Medical Expense 213,450
Utilities Expense 1,944,450
Miscellaneous Expense 157,350
45,102,050 45,074,450