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General Journal Excel

The general journal records transactions for NeoTechno Designs from April 5 to 30. Key transactions include an initial investment of ₱720,000 cash by the owner Barbosa, purchase of office equipment costing ₱210,000 on account, and buying a service vehicle for ₱630,000 in cash and notes payable. Various expenses such as rent, supplies and wages are also recorded. On April 30, Barbosa withdrew ₱140,000 cash.

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Joy Mikaela Gozon
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© © All Rights Reserved
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Download as XLSX, PDF, TXT or read online on Scribd
146 views

General Journal Excel

The general journal records transactions for NeoTechno Designs from April 5 to 30. Key transactions include an initial investment of ₱720,000 cash by the owner Barbosa, purchase of office equipment costing ₱210,000 on account, and buying a service vehicle for ₱630,000 in cash and notes payable. Various expenses such as rent, supplies and wages are also recorded. On April 30, Barbosa withdrew ₱140,000 cash.

Uploaded by

Joy Mikaela Gozon
Copyright
© © All Rights Reserved
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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GENERAL JOURNAL

NeoTechno Designs
DATE PARTICULARS PR DEBIT
April 5 Cash 101 ₱ 720,000
Barbosa, Capital 301
To record investment

6 Rent Expense 502 24,000


Cash 101
To record rent payment

7 Office Equipment 111 210,000


Accounts Payable 202
To record office equipment on account

8 Service Vehicle 112 630,000


Cash 101
Notes Payable 201
To record vehicle bought in cash & account

10 Supplies 103 6,575


Cash 101
To record supplies bought in cash

12 Cash 101 146,000


Fees Earned 401
To record service on cash

20 Prepaid Insurance 104 18,000


Cash 101
To record annual insurance

23 Accounts Receivable 202 123,750


Fees Earned 401
To record service on account

24 Service Vehicle 112 22,500


Acounts Payable 202
To record vehicle expense

29 Utilities Expense 503 7,500


Cash 101
To record utilities payment
29 Miscellaneous Expense 505 2,100
Cash 101
To record miscellaneous expense

30 Cash 101 44,000


Accounts Receivable 102
To record collection of account

30 Wages Expense 501 30,000


Cash 101
To record wages payment

30 Notes Payable 201 36,000


Cash 101
To record payment of office equipment on acct.

30 Barbosa, Drawings 302 140,000


Cash 101
To record withdrawal
1440425
CORRECT
CREDIT

₱ 720,000

24,000

210,000

350,000
280,000

6,575

146,000

18,000

123,750

22,500

7,500
2,100

44,000

30,000

36,000

140,000

1440425
CORRECT
CHART OF ACCOUNTS
Cash 101
Accounts Receivable 102
Supplies 103
Prepaid Insurance 104
Equipment 111
Service Vehicle 112
Notes Payable 201
Accounts Payable 202
Barbosa, Capital 301
Barbosa, Drawings 302
Fees Earned 401
Wages Expense 501
Rent Expense 502
Utilities Expense 503
Service Vehicle Expense 504
Miscellaneous Expense 505
GENERAL LEDGER
CASH
DATE PARTICULARS POST REF. DEBIT
APRIL 5 Investment GJ1 720000
6 Rent GJ1
8 Service Vehicle GJ1
10 Supplies GJ1
12 Fees Earned GJ1 146000
20 Prepaid Insurance GJ1
29 Utilities GJ2
29 Miscellaneous GJ2
30 Collection of Act GJ2 44000
30 Wages GJ2
30 Payment of notes GJ2
30 Owners Drawing GJ2
910000
ACCOUNTS RECEIVABLE
DATE PATICULARS POST REF. DEBIT
APRIL 23 Cash GJ1 123750
30 Cash GJ2
123750
SUPPLIES
DATE PARTICULARS POST REF. DEBIT
APRIL 10 Cash GJ1 6575

PREPAID INSURANCE
DATE PARTICULARS POST REF. DEBIT
APRIL 20 Cash GJ1 18000

OFFICE EQUIPMENT
DATE PARTICULARS POST REF. DEBIT
APRIL 7 On Account GJ1 210000

SERVICE VEHICLE
DATE PARTICULARS POST REF. DEBIT
APRIL 8 Cash and Notes GJ1 630000

NOTES PAYABLE
DATE PARTICULARS POST REF. DEBIT
APRIL 8 Service Vehicle GJ1
30 Cash GJ2 36000
36000
ACCOUNTS PAYABLE
DATE PARTICULARS POST REF. DEBIT
APRIL 7 Equipment GJ1
24 Service Vehicle Expense GJ1
0
BARBOSA, CAPITAL
DATE PARTICULARS POST REF. DEBIT
APRIL 5 Owner's Investment GJ1

BARBOSA, DRAWING
DATE PARTICULARS POST REF. DEBIT
APRIL 30 Cash GJ2 140000

FEES EARNED
DATE PARTICULARS POSR REF. DEBIT
APRIL 12 Cash GJ1
23 Account Receivable GJ1
0
WAGES EXPENSE
DATE PARTICULARS POST REF. DEBIT
APRIL 30 Cash GJ2 30000

RENT EXPENSE
DATE PARTICULARS POST REF. DEBIT
APRIL 6 Cash GJ1 24000

UTILITIES EXPENSE
DATE PARTICULARS POST REF. DEBIT
APRIL 29 Cash GJ2 7500

SERVICE VEHICLE EXPENSE


DATE PARTICULARS POST REF. DEBIT
APRIL 24 On Account GJ1 22500

MISCELLANEOUS EXPENSE
DATE PARTICULARS POST REF. DEBIT
APRIL 29 Cash GJ2 2100
CREDIT BALANCE
720000
24000 696000
350000 346000
6575 339425
485425
18000 467425
7500 459925
2100 457825
501825
30000 471825
36000 435825
140000 295825
614175 CORRECT

CREDIT BALANCE
123750
44000 79750
44000 CORRECT

CREDIT BALANCE
6575

CREDIT BALANCE
18000

CREDIT BALANCE
210000

CREDIT BALANCE
630000

CREDIT BALANCE
280000 280000
244000
280000 CORRECT

CREDIT BALANCE
210000 210000
22500 232500
232500 CORRECT

CREDIT BALANCE
720000 720000

CREDIT BALANCE
140000

CREDIT BALANCE
146000 146000
123750 269750
269750 CORRECT

CREDIT BALANCE
30000

CREDIT BALANCE
24000

CREDIT BALANCE
7500

CREDIT BALANCE
22500

CREDIT BALANCE
2100
TRIAL BALANCE
NeoTechno Designs
Account Titles Debit Credit
Cash 295825
Accounts Receivable 79750
Supplies 6575
Prepaid Insurance 18000
Equipment 210000
Service Vehicle 630000
Notes Payable 244000
Accounts Payable 232500
Barbosa, Capital 720000
Barbosa, Drawings 140000
Fees Earned 269750
Wages Expense 30000
Rent Expense 24000
Utilities Expense 7500
Service Vehicle Expense 22500
Miscellaneous Expense 2100
1466250 1466250
CORRECT

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