GENERAL LEDGER

CASH IN BANK
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 14,890 14,890
8 35, 000
9 20,160
21 156,800
23 276,640
23 35,000
23 190,848
23 241,136
25 22,400
25 1,000

PETTY CASH FUND

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 1,000 1,000
25 1,000

ACCOUNTS RECEIVABLE
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 59,360 59,360
9 20,160
11 3,136
21 156,800
23 190,848
25 22,400

RECEIVABLES FROM PARTNERS

Date Particulars Debit Credit Balance
23 35,000

MERCHANDISE INVENTORY
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 275,300 275,300

UNUSED SUPPLIES
 Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 9,300 9,300
Reversing entry on supplies. 9,300 0

INPUT TAX
Date Particulars Debit Credit Balance

DELIVERY EQUIPMENT
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 864,000 864,000

ACCUMULATED DEPRECIATION – DELIVERY EQUIPMENT

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 259,200 (259,200)

FURNITURE AND EQUIPMENT

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 360,000 360,000

ACCUMULATED DEPRECIATION – FURNITURE AND EQUIPMENT

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 159,000 (159,000)
 ACCOUNTS PAYABLE
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 437,648 (437,648)

ACCRUED UTILITIES
Date Particulars Debit Credit Balance

C. EDULAN, LOAN
Date Particulars Debit Credit Balance
8 35,000

SSS PREMIUM PAYABLE

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 2,838 (2,838)

PHILHEALTH PREMIUM PAYABLE

Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 650 (650)

WITHOLDING TAX PAYABLE

 Date Particulars Debit Credit Balance

OUTPUT TAX
Date Particulars Debit Credit Balance
11 336
23 29,640
23 25,836

VAT PAYABLE
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 1,750 (1,750)

C. EDULAN, CAPITAL
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 230,656 (230,656)

E. ESPARAGUERA, CAPITAL
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 291,742 (291,742)

R. MIRANDA, CAPITAL
Date Particulars Debit Credit Balance
Jan. 1 Beginning Balance 166,742 (166,742)

C. EDULAN, DRAWING
Date Particulars Debit Credit Balance

E. ESPARAGUERA, DRAWING
Date Particulars Debit Credit Balance
 R. MIRANDA, DRAWING
Date Particulars Debit Credit Balance

INCOME AND EXPENSE SUMMARY

Date Particulars Debit Credit Balance

SALES
Date Particulars Debit Credit Balance
23 247,000
23 215,300

SALES RETURNS AND ALLOWANCES

Date Particulars Debit Credit Balance
11 2,800

PURCHASES
Date Particulars Debit Credit Balance

PURCHASE DISCOUNTS
Date Particulars Debit Credit Balance

DEPRECIATION EXPENSE
Date Particulars Debit Credit Balance
 SALARIES AND WAGES
Date Particulars Debit Credit Balance

TAXES AND LICENSES

Date Particulars Debit Credit Balance

REPAIR AND MAINTENANCE

Date Particulars Debit Credit Balance

AUDIT FEE
Date Particulars Debit Credit Balance

SSS CONTRIBUTION
Date Particulars Debit Credit Balance

PHILHEALTH CONTRIBUTION
Date Particulars Debit Credit Balance

CASH
Date Particulars Debit Credit Balance
 BANK CHARGE
Date Particulars Debit Credit Balance

UTILITIES EXPENSE
Date Particulars Debit Credit Balance

SUPPLIES EXPENSE
Date Particulars Debit Credit Balance

RENTAL EXPENSE
Date Particulars Debit Credit Balance
Jan. 1 Reversing entry on supplies 9,300 9,300