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    Date Account & Explanation F Debit Credit

    Uploaded by

    Cindy Claire Pilapil
    The document is a general journal for Mr. Labandero's skin care clinic for the month of January 2016. It records various business transactions including the initial capital investment, purchases, sales, expenses, and withdrawals. Key transactions include an initial investment of $500,000 from Mr. Deyro, sales revenue of $38,000, purchases of supplies and equipment totaling $60,000, and payment of expenses such as utilities of $18,000 and salaries of $36,000. The journal provides details of cash receipts and payments for the business over the month.

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

    Date Account & Explanation F Debit Credit

    Uploaded by

    Cindy Claire Pilapil
    10K views7 pages
    The document is a general journal for Mr. Labandero's skin care clinic for the month of January 2016. It records various business transactions including the initial capital investment, purchases, sales, expenses, and withdrawals. Key transactions include an initial investment of $500,000 from Mr. Deyro, sales revenue of $38,000, purchases of supplies and equipment totaling $60,000, and payment of expenses such as utilities of $18,000 and salaries of $36,000. The journal provides details of cash receipts and payments for the business over the month.

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    Mr_Labandero_answers.xlsx

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    The document is a general journal for Mr. Labandero's skin care clinic for the month of January 2016. It records various business transactions including the initial capital investment, purchases, sales, expenses, and withdrawals. Key transactions include an initial investment of $500,000 from Mr. Deyro, sales revenue of $38,000, purchases of supplies and equipment totaling $60,000, and payment of expenses such as utilities of $18,000 and salaries of $36,000. The journal provides details of cash receipts and payments for the business over the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    10K views7 pages

    Date Account & Explanation F Debit Credit

    Uploaded by

    Cindy Claire Pilapil
    The document is a general journal for Mr. Labandero's skin care clinic for the month of January 2016. It records various business transactions including the initial capital investment, purchases, sales, expenses, and withdrawals. Key transactions include an initial investment of $500,000 from Mr. Deyro, sales revenue of $38,000, purchases of supplies and equipment totaling $60,000, and payment of expenses such as utilities of $18,000 and salaries of $36,000. The journal provides details of cash receipts and payments for the business over the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 7

    Mr.

    Labandero
    General Jounal
    January 31, 2016

    Date Account & Explanation F Debit Credit


    2016
    Jan. 1 Cash 101 500,000.00
    Capital, Mr. Deyro 401 500,000.00
    To Record initial investment of Mr. Deyro to
    Mr. LABANDERO business

    4 Cash 101 3,000.00


    Service Income 501 3,000.00
    To record service income collections for the day

    5 Supplies 103 10,000.00


    Cash 101 10,000.00
    To record purchase of supplies

    7 Cash 101 8,000.00


    Service Income 501 8,000.00
    To record service income collections for the day

    9 Accounts Receivables 102 15,000.00


    Service Income 501 15,000.00
    To record services rendered to Sikat Hotel

    10 Cash 101 12,000.00


    Service Income 501 12,000.00
    To record service income collections for the day

    12 Laundry Equipment 201 50,000.00


    Cash 101 50,000.00
    To record purchase of washing machine

    15 Cash 101 20,000.00


    Service Income 501 20,000.00
    To record service income collections for the day

    19 Utilities Expense 601 18,000.00


    Cash 101 18,000.00
    To record payment of electricity bill

    20 Cash 101 15,000.00


    Accounts Receivable 102 15,000.00
    To record collection of payment from Sikat Hotel

    21 Salaries Expense 602 36,000.00


    Cash 101 36,000.00
    To record payment of salaries to Allan and Allie

    22 Drawings, Mr. Deyro 502 18,000.00


    Cash 101 18,000.00
    To record Mr. Deyro's withdrawal of cash

    26 Supplies 103 12,500.00


    Cash 101 12,500.00
    To record purchase of office supplies

    28 Cash 101 5,000.00


    Service Income 501 5,000.00
    To record service income collections for the day

    29 Accounts Receivable 102 15,000.00


    Service Income 501 15,000.00
    To record services rendered to Sosyal Hotel
    Skin Care Clinic
    CHART OF ACCOUNTS

    Current Assets
    101 Cash
    102 Accounts Receivables
    103 Supplies

    Plant and Equipment


    201 Laundry Equipment

    Current Liabilities
    301 Accounts Payable

    Owner's Equity
    401 Capital
    402 Drawings

    Revenue
    501 Service Income

    Expense
    601 Utilities Expense
    602 Salary expense
    603 Travel Expense
    604 Tax Expense
    Skin Care Clinic
    General Ledger
    March 31, 2018

    Account Name: CASH


    Account No: 101
    Date Explanation F Debit Date Explanation F Credit
    Mar 500,000.00 Mar 10,000.00
    3,000.00 50,000.00
    8,000.00 18,000.00
    12,000.00 15,000.00
    20,000.00 18,000.00
    15,000.00 12,500.00
    5,000.00

    Ending Bal. 439,500.00

    Account Name: ACCOUNTS RECEIVABLE


    Account No: 102
    Date Explanation F Debit Date Explanation F Credit
    Mar 9 15,000.00 Mar 20 15,000.00
    29 15,000.00

    15,000.00

    Ending Bal 15,000.00

    Account Name: SUPPLIES


    Account No: 103
    Date Explanation F Debit Date Explanation F Credit
    Mar 10,000.00 Mar
    12,500.00
    Ending Bal 22,500.00

    Account Name: EQUIPMENT


    Account No: 201
    Date Explanation F Debit Date Explanation F Credit
    Mar 50,000.00
    Ending Bal 50,000.00

    Account Name: OFFICE EQUIPMENT


    Account No: 202
    Date Explanation F Debit Date Explanation F Credit
    Mar

    Ending Bal -

    Account Name: ACCOUNTS PAYABLE


    Account No: 301
    Date Explanation F Debit Date Explanation F Credit
    Mar

    Account Name: DEYRO CAPITAL


    Account No: 401
    Date Explanation F Debit Date Explanation F Credit
    Mar Mar 500,000.00

    - 500,000.00

    Ending Bal 500,000.00

    Account Name: DEYRO, DRAWINGS


    Account No: 402
    Date Explanation F Debit Date Explanation F Credit
    18,000.00 Mar

    Ending Bal 18,000.00

    Account Name: SERVICE INCOME


    Account No: 501
    Date Explanation F Debit Date Explanation F Credit
    Mar
    4 3,000.00
    7 8,000.00
    9 15000
    10 12,000.00
    15 20,000.00
    28 5,000.00
    29 15,000.00

    Ending Bal 78,000.00


    Account Name: UTILITIES EXPENSE
    Account No: 601
    Date Explanation F Debit Date Explanation F Credit
    Mar 19 18,000.00

    Ending Bal 18,000.00

    Account Name: SALARY EXPENSE


    Account No: 602
    Date Explanation F Debit Date Explanation F Credit
    Mar 21 15,000.00

    Ending Bal 15,000.00

    Account Name: TRAVEL EXPENSE


    Account No: 603
    Date Explanation F Debit Date Explanation F Credit
    Mar 25 1,500.00

    Ending Bal 1,500.00

    Account Name: Tax EXPENSE


    Account No: 604
    Date Explanation F Debit Date Explanation F Credit
    Mar 26 4,000.00

    Ending Bal 4,000.00


    Skin Care Clinic
    Unadjusted Trial Balance
    March 31, 2018

    Account Debit Credit

    Cash 439,500.00
    Accounts Receivable 15,000.00
    Supplies 22,500.00
    Laundry Equipment 50,000.00
    Ignacio, Capital 500,000.00
    Ignacio, Drawings 18,000.00
    Service Income 78,000.00
    Utilities Expense 18,000.00
    Salary Expense 15,000.00

    578,000.00 578,000.00

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