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General Journal

The document is a general journal detailing various financial transactions for a business in March 2023. It includes entries for cash investments, expenses, purchases, and revenue, with corresponding debits and credits. Key transactions involve initial capital investment, payments for rent, supplies, advertising, and salaries.

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Tianna Sachienne Bawang
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4 views2 pages

General Journal

The document is a general journal detailing various financial transactions for a business in March 2023. It includes entries for cash investments, expenses, purchases, and revenue, with corresponding debits and credits. Key transactions involve initial capital investment, payments for rent, supplies, advertising, and salaries.

Uploaded by

Tianna Sachienne Bawang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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General Journal

Date Account Titles and Debit Credit


Explanation
Mar. 1 Cash 500,000 500,000
E. Estrada Capital
To record initial
investment
Mar. 2 Rent Expense 4,500 4,500
Cash
Rent Payment
Mar. 5 Shop Supplies 16,700 16,700
Cash
Payment for shop
supplies
Mar. 7 Advertising Expense 6,500 6,500
Cash
To record payment
of advertising
Mar. 8 Filing Cabinet 34,500 34,500
Accounts Payable
To record purchase
on credit
Mar. 9 Truck 150,000 30,000
Cash 120,000
Notes Payable
To record initial
purchase
Mar. 13 Cash 25,000 25,000
Service Revenue
To record cash
received
Mar. 15 Cash 500 1,500
Notes Receivable 1,000
Service Revenue
To record cash and
note received
Mar. 19 Accounts Payable 34,500 34,500
Cash
To record payment
to Calon Trading
Mar. 25 Cash 1,000 1,000
Accounts Receivable
To record payment
from A. Tantay
Mar. 26 Utilities Expense 750 750
Cash
To record payment
for utility bills
Mar. 27 Drawing 5,000 5,000
Cash
To record
withdrawal for
personal living
expenses
Mar. 30 Salaries Expenses 5,000 5,000
Cash
To record payment
of helper’s salary

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