Transaction

June 1, 2012: Pablo Job has initial Cash Investment of the owner worth P100,000 June 5, 2012: Pablo Job bought Furniture & fixtures on Cash to Tina Mora, P69,000 June 10, 2012:Pablo purchase supplies on account to Lucky T. Tinio, P70,000 June 12, 2012:Pablo paid the monthly rental P7,000 June 16, 2012:Pablo borrowed money from the bank, P40,000 June 18, 2012:Pablo purchase of supplies by issuance of promissory Notes to E.U. Tan, P40,000 June 21, 2012:Pablo rendered a service to Teene Rah on account, P90,000 June 28, 2012:Pablo collect account receivables to Teene Rah June 30, 2012:Pablo withdraw personal drawing of the owner P100,000

Assets

Liabilities

Owners Equity

Journalizing

State the effects of the accounting equation in the following business transactions by indicating the: 1. If Increased or Decreased 2. Account title 3. Amount 4. Then Journalizing on the space provided for. CHART OF ACCOUNTS Assets: 101 Cash 102 Accounts Receivable 103 Supplies 104 Prepaid rent 105 Equipment 106 Furniture and Fixtures 107 Accumulated depreciation Equipment 108 Accumulated depreciation Furniture & fixtures Liabilities 201 Accounts payable 202 Notes Payable 203 Taxes Payable 204 Utilities Payable 205 Loan Payable Owners Equity 301- Pablo Job, Capital 302 Pablo Job, drawing Income 401 Service Income 402 Other Income

Expenses 501 Salaries expense 502 Rent expense 503 SSS expense

Transaction
Chino Pacia purchased of office supplies on casht to Jack Cole, P 15,000 Chino Pacia Paid 4 monthly rental, P28,000 each month Chino Pacia Initial Equipment Investment of the owner, P 30,000 Billed customer for services rendered, P 30,000 Cash collection & deposited to the bank, P 90,000 for the rendered services

Assets

Liabilities

Owners Equity

JOURNALIZING

Paid advertising to bulletin today, P 3,700

Personal drawing of the owner, P 20,000 Collected cash from various 19,500 Issued promissory notes to suppliers, P 10,000 for purchased on office supplies State the effects of the accounting equation in the following business transactions by indicating the: 1. If Increased or Decreased 3. Account Title 2. Debit or Credit 4. Amount on the space provided for. CHART OF ACCOUNTS Assets: 101 Cash 102 Accounts Receivable 103 Supplies 104 Prepaid insurance 105 Equipment 106 Furniture and Fixtures 107 Accumulated depreciation - Equipment 108 Accumulated depreciation Furniture & fixtures Liabilities 201 Accounts payable 202 Notes Payable 203 Loan Payable 204 Utilities Payable Owners Equity 301 - Chino Pacia, capital 302 Chino Pacia, drawing Income 401 Service Income 402 Other Income

Expenses 501 Salaries expense 502 Rent expense 503 Advertising expense

Pangalang hindi dapat gamitin 1. Pablo Job 2. Jack Cole 3. Nadia Cole 4. Gina Cole 5. Pining Garcia 6. Rey Pinioco 7. Chino Pacia 8. Mally Vougue 9. Bj Acunia 10. Chino Paco Sia 11. Peng Germoco 12. Lina MUtac 13. Keenah Joth 14. Agusta Mood 15. Tina Moran 16. Patty Ramos Saquin 17. Sally Bugna Mathay