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Problem 12 - Group 2

The document summarizes the journal transactions of Joanne Java Review School for October 31, 2018. It lists the date, account titles and explanations, debits, and credits for each transaction. It also includes a trial balance showing the debit and credit balances of each account as of October 31, 2018.

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Francine Torres
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97 views

Problem 12 - Group 2

The document summarizes the journal transactions of Joanne Java Review School for October 31, 2018. It lists the date, account titles and explanations, debits, and credits for each transaction. It also includes a trial balance showing the debit and credit balances of each account as of October 31, 2018.

Uploaded by

Francine Torres
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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GROUP 2 PROBLEM 12

JOANNE JAVA REVIEW SCHOOL

JOURNAL TRANSACTIONS
OCTOBER 31, 2018

DATE ACCOUNT TITLES AND EXPLANATION P.R. DEBIT CREDIT


OCT 1 CASH Php 50,000.00
JAVA, CAPITAL Php 50,000.00
INVESTMENT OF OWNER

OCT 2 PREPAID INSURANCE Php 14,500.00


CASH Php 14,500.00
BOUGHT INSURANCE

OCT 3 ADVERTISING EXPENSE Php 3,200.00


ACCOUNTS PAYABLE Php 3,200.00
BILL FOR ADVERTISEMENT

OCT 4 RENT EXPENSE Php 8,900.00


CASH Php 8,900.00
PAYMENT FOR RENT

OCT 7 REPAIR EXPENSE Php 2,880.00


ACCOUNTS PAYABLE Php 2,880.00
BILLS FOR REPAIR

OCT 10 CASH Php 62,500.00


SCHOOL FEES Php 62,500.00
RECEIVED TUITION FEES

OCT 11 TELECOMMUNICATION EXPENSE Php 2,300.00


CASH Php 2,300.00
PAYMENT FOR TELEPHONE BILL

OCT 15 FURNITURE Php 18,800.00


CASH Php 8,800.00
ACCOUNTS PAYABLE Php 10,000.00
BOUGHT FURNITURE

OCT 18 ACCOUNTS PAYABLE Php 3,200.00


CASH Php 3,200.00
PAYMENT FOR SOUTHMIN NEWS

OCT 21 JAVA, WITHDRAWALS Php 8,000.00


CASH Php 8,000.00
WITHDRAWALS OF OWNERS

OCT 24 GAS AND OIL EXPENSE Php 1,800.00


ACCOUNTS PAYABLE Php 1,800.00
BILL FOR GAS AND OIL

OCT 25 CASH Php 61,400.00


SCHOOL FEES Php 61,400.00
RECEIVED TUITION

OCT 27 SALARIES EXPENSE Php 12,000.00


CASH Php 12,000.00
PAYMENT FOR SALARIES

OCT 28 EQUIPMENT Php 7,500.00


ACCOUNTS PAYABLE Php 7,500.00
BOUGHT A PHOTOCOPIER
OCT 29 ACCOUNTS RECEIVABLE Php 7,000.00
SCHOOL FEES Php 7,000.00
RECEIVED TUITION FEES

OCT 30 UTILITIES EXPENSE Php 3,600.00


CASH Php 3,600.00
PAYMENT FOR UTILITIES

OCT 31 MISCELLANEOUS EXPENSE Php 620.00


CASH Php 620.00
PAYMENT FOR FLOWER ARRANGEMENTS

OCT 31 EQUIPMENT (PERSONAL COMPUTER) Php 12,300.00


JAVA, CAPITAL Php 12,300.00
INVESTMENT OF OWNER
JOANNE JAVA REVIEW SCHOOL
TRIAL BALANCE

OCTOBER 31, 2018

ACCOUNT TITLE DEBIT CREDIT


CASH Php 111, 980.00
JAVA, CAPITAL Php 62,300.00
PREPAID INSURANCE Php 14,500.00
ADVERTISING EXPENSE Php 3,200.00
RENT EXPENSE Php 8,900.00
REPAIR EXPENSE Php 2,880.00
ACCOUNTS PAYABLE Php 22,180.00
SCHOOL FEES Php 130,900.00
TELECOMMUNICATION EXPENSE Php 2,300.00
FURNITURE Php 18,800.00
JAVA, WITHDRAWAL Php 8,000.00
GAS AND OIL EXPENSE Php 1,800.00
SALARIES EXPENSE Php 12,000.00
ACCOUNTS RECEIVABLE Php 7,000.00
UTILITIES EXPENSE Php 3,600.00
MISCELLANEOUS EXPENSE Php 620.00
EQUIPMENT Php 19, 800.00
TOTAL Php 215,380.00 Php 215,380.00

Members: 6. Calabroso, Ronald A.


1. Bacamante, Trexie Niña O. 7. Campos, Angelica Flor V.
2. Bagaan, Alex Felipe S. 8. Candelanza, Kate Katleen S.
3. Bandillo, Merrill D. 9. Ceniza, Athaliah Aubrey F.
4. Bordado, Larissa Shane B. 10. Dairo, Kyla Jane L.
5. Cabelin, Henry S. 11. Domingo, Joshua L.

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