Date Account Title Dr Cr

Oct. 01 Cash 50,000

Computer System 20,000
Office Equipment 80,000
Dy, Capital 150,000
To record investment of Cash, Computer and Equipment

Oct. 03 Computer Supplies 8,420

Accounts Payable 8,420
To record ordered computer supplies

Oct. 06 Account Receivable 4,800

Service Income 4,800
To record billed service to Easy Internet

Oct. 08 Account payable 8,420

Cash 8,420
To record payment for purchase computer supplies

Oct. 12 Account Receivable 14,000

Service Income 14,000
To record billed service to Fast Internet

Oct. 15 Cash 2,400

Account Receivable 2,400
To record received cash from Easy Internet

Oct. 18 Advertising Expense 1,750

Cash 1,750
To record advertising expense

Oct. 22 Cash 2,400

Account Receivable 2,400
To record received cash from Easy Internet

Oct. 25 Cash 7,600

Account Receivable 7,600
Service Income 15,200
To record billed service to IMC Company

Oct. 27 Rent Expense 15,000

Cash 15,000
To record rent expense

Utilities Expense 7,200

Utilities Payable 7,200
To record Utilities expense

Oct. 29 Dy, Drawing 3,000

Computer Supplies 3,000
To record withdrawals of computer expense
Oct. 30 Supplies Expense 3,400
Computer Supplies 3,400
To record used supplies
Oct. 31 Salaries Expense 5,000
Cash 5,000
To record salaries expense

CHARTS OF ACCOUNTS:

ASSETS EXPENSES
01 Cash 50 Advertising Expense
02 Account Receivable 51 Rent Expense
03 Computer Supplies 52 Utilities Expense
11 Computer System 53 Supplies Expense
12 Office Equipment 54 Salaries Expense

LIABILITY REVENUE
20 Account Payable 40 Service Income

OWNER’S EQUITY
30 Dy, Capital
31 Dy, Drawing

General Ledger:

CASH Account No. 01

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 01 Investment by Dy J1 50,000 50,000
8 Payment for expense J1 8,420 41,580
15 Collection of service J1 2,400 43,980
18 Payment for expense J1 1,750 42,230
22 Collection of service J1 2,400 44.630
25 Collection of service J1 7,600 52,230
27 Payment for expense J1 15,000 37,230
31 Payment for expense J2 5,000 32,230

ACCOUNT RECEIVABLE Account No. 02

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 06 Service to Easy Internet J1 4,800 4,800
12 Service to Fast Internet J1 14,000 18,800
15 Collected from Easy Internet J1 2,400 16,400
22 Collected from Easy Internet J1 2,400 14,000
 25 Service to IMC Company J1 7,600 21,600

COMPUTER SUPPLIES Account No. 03

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 03 Purchased of supplies on account J1 8,420 8,420
30 Withdrawals of computer supplies J1 3,000 5,420
31 Used supplies J2 3,400 2,020

COMPUTER SYSTEM Account No. 11

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 06 Investment by Dy J1 20,000 20,000

OFFICE EQUIPMENT Account No. 12

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 01 Investment by Dy J1 80,000 80,000

ACCOUNT PAYABLE Account No. 20

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 03 Purchased of supplies on account J1 8,420
08 Payment for purchase supplies J1 8,420

UTILITIES PAYABLE Account No. 21

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 27 Billed utilities payable J1 7,200 7,200

DY, CAPITAL Account No. 30

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 01 Initial Investment J1 150,000 150,000

DY, DRAWINGS Account No. 31

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 29 Withdrawals of computer supplies J1 3,000 3,000

SERVICE INCOME Account No. 40

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 06 Service to Easy Internet J1 4,800 4,800
12 Service to Fast Internet J1 14,000 18,800
 25 Service to IMC Company J1 15,200 34,000

ADVERTISING EXPENSE Account No. 50

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 18 Payment for advertising expense J1 1,750 1,750

RENT EXPENSE Account No. 51

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 27 Payment for rent expense J1 15,000 15,000

UTILITIES EXPENSE Account No. 52

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 27 Payment for utilities expense J1 7,200 7,200

SUPPLIES EXPENSE Account No. 53

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 30 Supplies used J1 3,400 3,400

SALARIES EXPENSE Account No. 54

Date Explanation Ref Debit Credit Balance
2024 Debit Credit
October 31 Payment to a part-time assistant J2 5,000 5,000
 BUSINESS SOLUTION COMPANY
TRIAL BALANCE
October 31, 2024

Account No. Account Titles Debit Credit

01 Cash 32,230
02 Accounts Receivable 21,600
03 Computer Supplies 2,020 2,020
11 Computer System 20,000
12 Office Equipment 80,000
20 Accounts Payable 0
21 Utilities Payable 7,200
30 Dy, Capital 150,000
31 Dy, Drawing 3,000
40 Service Income 34,000
50 Advertising Expense 1,750
51 Rent Expense 15,000
52 Utilities Expense 7,200
53 Supplies Expense 3,400
54 Salaries Expense 5,000
Total 191,200 191,200