Accounting Chapter 2
Accounting Chapter 2
Accounting Chapter 2
com
Journal Entries
March 2022
Debit Credit
01 Cash Php 350,000.00
De Dios, Capital Php 350,000.00
(to record cash capital of Angela De Dios)
05 Salaries Php 6,000.00
Cash Php 6,000.00
(to record cash payments for salaries)
10 Rent Php 10,000.00
Cash Php 10,000.00
(to record rent payments)
15 Property, Land and Equipment Php 15,000.00
Cash Php 15,000.00
(to record payments for building materials for renovation)
20 Supplies Php 1,500.00
Cash Php 1,500.00
(to record payments for supplies)
25 Office Equipments Php 300,000.00
Cash Php 150,000.00
Notes Payable Php 150,000.00
(to record payments for the offcie supplies purchased)
Php 682,500.00 Php 682,500.00
Cash Supplies Rent Deposit
01 Php 350,000.00
05 Php (3,000.00)
10 Php (10,000.00) Php 10,000.00
15 Php (68,000.00)
20 Php (1,500.00) Php 1,500.00
25 Php (150,000.00)
Php 117,500.00 Php 1,500.00 Php 10,000.00
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Statement of Financial Position
March 2022
Assets
Cash
Supplies
Furniture and Fixtures
Equipment
Rent Deposit
Leasehold Improvement
Total Assets
Liabilities and Equity
Notes Payable
De Dios, Capital
Total Liabilities
Furniture and Leasehold
Fixtures Equipment Improvement Notes Payable
et.com
nancial Position
h 2022
sets
Php 117,500.00
Php 1,500.00
Php 8,000.00
Php 345,000.00
Php 10,000.00
Php 15,000.00
Php 497,000.00
and Equity
Php 150,000.00
Php 347,000.00
Php 497,000.00
De Dios, Capital
Php 350,000.00
Php (3,000.00)
Php 347,000.00