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  • Journal (Remedios Palaganas)

    Uploaded by

    Mika Cunanan
    2K views2 pages
    The document records various financial transactions made by a business in October 2021. It shows cash investments by the owner, purchases of office furniture and equipment both in cash and on credit, revenues from consulting services performed for cash and credit, payment of rent, salaries and utility expenses in cash, and collection of accounts receivable. At the end of the month, the owner withdrew cash for personal expenses, leaving the business's cash balance and total transactions for the month.

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    The document records various financial transactions made by a business in October 2021. It shows cash investments by the owner, purchases of office furniture and equipment both in cash and on credit, revenues from consulting services performed for cash and credit, payment of rent, salaries and utility expenses in cash, and collection of accounts receivable. At the end of the month, the owner withdrew cash for personal expenses, leaving the business's cash balance and total transactions for the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    2K views2 pages

    Journal (Remedios Palaganas)

    Uploaded by

    Mika Cunanan
    The document records various financial transactions made by a business in October 2021. It shows cash investments by the owner, purchases of office furniture and equipment both in cash and on credit, revenues from consulting services performed for cash and credit, payment of rent, salaries and utility expenses in cash, and collection of accounts receivable. At the end of the month, the owner withdrew cash for personal expenses, leaving the business's cash balance and total transactions for the month.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 2

    Date Particulars F Debit Credit

    2,021.00
    October ### Cash 100,000.00
    Palaganas, Capital 100,000.00
    Investment by the owner

    Rent Expense 5,000.00


    Cash 5,000.00
    Paid rent for the month

    Office Furniture 15,000.00


    Cash 15,000.00
    Bought office furniture for cash

    Office Equipment 54,000.00


    Cash 27,000.00
    Accounts Payable 27,000.00
    Bought laptop with a down and
    the balance on account

    Cash 12,000.00
    Consulting Revenues 12,000.00
    Performed services for cash

    Accounts Receivable 10,800.00


    Consulting Revenues 10,800.00
    Performed services on credit

    Office Equipment 7,500.00


    Cash 3,000.00
    Bought fax machine with
    balance due in 10 days

    Cash 5,400.00
    Accounts Receivable 5,400.00
    Received from client on account

    Salaries Expense 10,000.00


    Cash 10,000.00
    Paid Salaries

    Accounts Payable 4,500.00


    Cash 4,500.00
    Paid balance for fax machine
    Cash 7,000.00
    Consulting Revenues 7,000.00
    Receives cash for services
    performed

    Accounts Receivable 12,000.00


    Consulting Revenues 12,000.00
    Performed services on
    credit

    Utilities Expense 1,350.00


    Cash 1,350.00
    Paid cash for montly telephone
    bill

    Utilities Expense 2,400.00


    Cash 2,400.00
    Paid cash for electric and
    water bills

    Cash 2,000.00
    Accounts Receivable 2,000.00
    Collected cash from clients
    on account

    Cash 7,000.00
    Palaganas, Withdrawals 7,000.00
    Withdrew cash for personal
    expenses

    51,650.00 251,450.00

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