Q4-PT3 General Ledger and Unadjusted Trial Balance

John Daryll A. Delfin 11-Proprietorship NO. 101 CASH DEBIT CREDIT DATE EXPLANATION REF 300,000 BALANCE 300,000 1-Jun Initial investment of Montecasino to the business 20,000 280,000 3,000 277,000 2-Jun Paid Municipal and Barangay permit 307,000 30,000 303,500 3-Jun Purchased office supplies on account 3,500 294,500 9,000 292,000 4-Jun Service rendered from a client 2,500 252,000 237,000 5-Jun Introduced to new clients over dinner 40,000 187,000 15,000 287,000 6-Jun Paid Alema's Bookstore 50,000 312,000 100,000 304,500 7-Jun Gave cash advances to office assistant 25,000 287,000 8-Jun Paid outstanding debt on bank 7,500 287,000 17,500 9-Jun Purchased two units of computer on account 455,000 168,000 BALANCE 50,000 10-Jun Withdrew cash from the business 50,000 12-Jun Loan granted by UNITED Bank BALANCE 2,500 13-Jun Received advance payment for the services to be rendered 0 0 14-Jun Paid Meralco bill 15-Jun Paid salary of the office assistant, advances are deducted TOTAL BALANCE NOTES RECEIVABLE NO. 103 REF DEBIT CREDIT DATE EXPLANATION 50,000 11-Jun A client issued a note for the services rendered by Benedict Montecasino BALANCE ADVANCES TO EMPLOYEES NO. 104 DEBIT CREDIT DATE EXPLANATION REF 2,500 7-Jun Gave cash advances to office assistant 2,500 15-Jun Paid salary of the office assistant, advances are deducted BALANCE

OFFICE SUPPLIES NO. 105 REF DEBIT CREDIT DATE EXPLANATION BALANCE 12,000 12,000 3-Jun Purchased office supplies on account 12,000 BALANCE BALANCE 25,000 OFFICE EQUIPMENT NO. 201 55,000 DEBIT CREDIT 55,000 DATE EXPLANATION REF 25,000 BALANCE 1-Jun Initial investment of Montecasino to the business 30,000 20,000 20,000 9-Jun Purchased two units of computer on account BALANCE BALANCE 5,000 FURNITURE AND FIXTURE NO. 202 14,000 REF DEBIT CREDIT 5,000 DATE EXPLANATION 20,000 35,000 1-Jun Initial investment of Montecasino to the business 20,000 20,000 BALANCE BALANCE ACCOUNTS PAYABLE NO. 301 100,000 DEBIT CREDIT 100,000 DATE EXPLANATION REF 5,000 1-Jun Initial investment of Montecasino to the business 9,000 9,000 3-Jun Purchased office supplies on account 40,000 15,000 6-Jun Paid Alema's Bookstore 8-Jun Paid outstanding debt on bank 9-Jun Purchased two units of computer on account BALANCE NOTES PAYABLE NO. 302 CREDIT DATE EXPLANATION REF DEBIT 100,000 12-Jun Loan granted by UNITED Bank BALANCE

UNEARNED SERVICE INCOME NO. 303 CREDIT DATE EXPLANATION REF DEBIT BALANCE 50,000 50,000 11-Jun A client issued a note for the services rendered by Benedict Montecasino 50,000 BALANCE BALANCE 340,000 MONTECASINO CAPITAL NO. 401 340,000 CREDIT DATE EXPLANATION REF DEBIT BALANCE 340,000 50,000 1-Jun Initial investment of Montecasino to the business 50,000 BALANCE BALANCE 30,000 MONTECASINO DRAWING NO. 401-A 55,000 REF DEBIT CREDIT 55,000 DATE EXPLANATION 50,000 BALANCE 10-Jun Withdrew cash from the business 20,000 20,000 BALANCE BALANCE SERVICE INCOME NO. 501 3,500 CREDIT 3,500 DATE EXPLANATION REF DEBIT 30,000 4-Jun Service rendered from a client 25,000 13-Jun Received advance payment for the services to be rendered BALANCE TAXES AND LICENSES EXPENSE NO. 601 REF DEBIT CREDIT DATE EXPLANATION 20,000 2-Jun Paid Municipal and Barangay permit BALANCE REPRESENTATION AND ENTERTAINMENT EXPENSE NO. 602 REF DEBIT CREDIT DATE EXPLANATION 3,500 5-Jun Introduced to new clients over dinner BALANCE

DATE UTILITIES EXPENSE NO. 603 BALANCE 14-Jun Paid Meralco bill EXPLANATION REF DEBIT CREDIT 7,500 7,500 BALANCE 7,500 BALANCE SALARIES AND WAGES EXPENSE NO. 604 20,000 REF DEBIT CREDIT 20,000 DATE EXPLANATION 20,000 15-Jun Paid salary of the office assistant, advances are deducted BALANCE

BM CONSULTANCY SERVICE Unadjusted Trial Balance June 15 20XX ACCOUNT TITLE DEBIT CREDIT Asset 100,000 50,000 Cash 287,000 340,000 Notes Receivable 50,000 55,000 Advance to Employees 0 545,000 Office Supplies 12,000 Office Equipment 55,000 Furniture and Fixture 20,000 Liabilities Accounts Payable 20,000 Notes Payable Unearned Service Income Equity Montecasino, Capital Montecasino, Drawing 50,000 Revenue Service Income Expenses Taxes and Licenses Expense 20,000 Representation and Entertainment Expense 3,500 Utilities Expense 7,500 Salaries and Wages Expense 20,000 TOTAL 545,000