Journal Entry

Date Account Titles Debit Credit

Sept 1 Cash 100,000

Capital (Ms.
Cassey, 100,000
Owner)

Sept 5 Cash 50,000

Capital (Ms.
Cassey, 50,000
Owner)

Withdrawals
Sept 10 20,000
(Ms. Cassey)

Cash 20,000

Withdrawals
Sept 15 30,000
(Ms. Cassey)

Cash 30,000
Office
Sept 16 10,000
Supplies
Accounts
10,000
Payable
Office
Sept 17 25,000
Supplies
Accounts
25,000
Payable
Accounts
Sept 20 6,000
Payable
Cash 6,000
Accounts
Sept 22 15,000
Payable
Cash 15,000
Sept 25 Cash 40,000
Service
40,000
Revenue
Sept 26 Cash 60,000
Service
60,000
Revenue
 Equipment
Sept 27 30,000
(Laptop)

Cash 30,000

Accounts
Sept 28 50,000
Receivable

Service
50,000
Revenue
Utilities
Sept 19 5,000
Expense
Cash 5,000
Sept 30 Cash 25,000

Accounts
25,000
Receivable

Sept 30 Rent Expense 20,000

Cash 20,000
Ledger using T Account
| Cash |
|-------------------------------|
| Date | Amount |
| Sept 1 | 100,000 |
| Sept 5 | 50,000 |
| Sept 10 | (20,000) |
| Sept 15 | (30,000) |
| Sept 20 | (6,000) |
| Sept 22 | (15,000) |
| Sept 25 | 40,000 |
| Sept 26 | 60,000 |
| Sept 27 | (30,000) |
| Sept 30 | 25,000 |
| Sept 30 | (20,000) |
|-------------------------------|
| Total | 124,000 |

Capital (Ms. Cassey, Owner)

| Capital (Ms. Cassey) |
|-------------------------------|
| Date | Amount |
| Sept 1 | 100,000 |
| Sept 5 | 50,000 |
|-------------------------------|
| Total | 150,000 |

| Withdrawals (Ms. Cassey) |

|-------------------------------|
| Date | Amount |
| Sept 10 | 20,000 |
| Sept 15 | 30,000 |
|-------------------------------|
| Total | 50,000 |

| Office Supplies |
|-------------------------------|
| Date | Amount |
| Sept 16 | 10,000 |
| Sept 17 | 25,000 |
|-------------------------------|
| Total | 35,000 |

| Accounts Payable |
|-------------------------------|
| Date | Amount |
| Sept 16 | 10,000 |
| Sept 17 | 25,000 |
| Sept 20 | (6,000) |
| Sept 22 | (15,000) |
|-------------------------------|
| Total | 14,000 |

| Service Revenue |
|-------------------------------|
| Date | Amount |
| Sept 25 | 40,000 |
| Sept 26 | 60,000 |
| Sept 28 | 50,000 |
|-------------------------------|
| Total | 150,000 |

| Accounts Receivable |
|-------------------------------|
| Date | Amount |
| Sept 28 | 50,000 |
| Sept 30 | (25,000) |
|-------------------------------|
| Total | 25,000 |

| Utilities Expense |
|-------------------------------|
| Date | Amount |
| Sept 19 | 5,000 |
|-------------------------------|
| Total | 5,000 |

| Rent Expense |
|-------------------------------|
| Date | Amount |
| Sept 30 | 20,000 |
|-------------------------------|
| Total | 20,000 |

| Equipment (Laptop) |
|-------------------------------|
| Date | Amount |
| Sept 27 | 30,000 |
|-------------------------------|
| Total | 30,000 |
Trial Balance
Account Debit Credit
Cash 100,000
Cash (Additional
50,000
Investment)
Cash (Withdrawals) 20,000
Cash (Withdrawals) 30,000
Office Supplies
10,000
(National)
Office Supplies
25,000
(Visayan)
Accounts Payable
4,000
(National)
Accounts Payable
10,000
(Visayan)
Cash (Received from
40,000
AlisGo)
Cash (Received from
60,000
DanFern)
Laptop 30,000
Accounts Receivable
50,000
(Bahto)
Cash (Collected
25,000
from Bahto)
Rent Expense 20,000
Utilities Expense 5,000
Owner's Equity
100,000
(Initial Investment)
Owner's Equity
(Additional 50,000
Investment)
Revenue (Services
100,000
Rendered)
Totals 335,000 335,000
Income Statement
Description Amount
Revenue:
Services Rendered 150,000
Total Revenue 150,000

Expenses:
Utilities Expense 5,000
Rent Expense (for
20,000
September)
Total Expenses 25,000

Net Income 125,000

Balance Sheet
Assets Amount
Current Assets:
Cash 135,000
Accounts Receivable
25,000
(Bahto)
Office Supplies 35,000
Total Assets 195,000

Liabilities
Accounts Payable 10,000
Total Liabilities 10,000

Owner's Equity
Owner's Equity
100,000
(Initial Investment)
Owner's Equity
(Additional 50,000
Investment)
Retained Earnings
125,000
(Net
TotalIncome)
Owner's
275,000
Equity
Total Liabilities and
195,000
Equity