General Journal Name _____________________
GENERAL JOURNAL
Date Account Titles and Explanation P.R. Debit Credit
May 1 Withholding Tax Payable P 3,600
SSS, Philhealth, HDMP Payable 8,100
Cash P 11,700
To record payments made
1 Cash in Bank 300,000
Store Fixtures and Equipment 50,00
Jess Montes Capital 350,000
Owner’s Investment
1 Taxes and License 5,435.72
Cash in Bank 5,435.72
To record tax paid
1 Purchases 104,500
Cash in Bank 104,500
Purchase on Cash
1 Purchases 57,000
Accounts Payable 57,000
Purchase on Account
1 Rent Deposit 40,000
Cash in Bank 40,000
Paid rent
1 Petty Cash Fund 1,000
Cash in Bank 1,000
Increase in Petty Cash Fund
2 Cash in Bank 106,500
Sales 106,500
Sales on Cash
Date Account Titles and Explanation P.R. Debit Credit
May 2 Supplies Inventory 2,000
Cash in Bank 2,000
Purchase on Cash
2 Purchases 44,000
Accounts Payable 44,000
Purchase on Credit
3 Cash in Bank 25,000
Sales 25,000
Sale on Cash
4 Purchases 22,000
Accounts Payable 22,000
Purchase on Account
5 Purchases 95,000
Accounts Payable 95,000
Purchases on Account
5 Cash in Bank 33,000
Sales 33,000
Sale on Cash
6 NO ENTRY
7 Purchases 152,500
Accounts Payable 152,500
Purchase on Account
8 Accounts Receivable 117,500
Sales 117,500
Sale on Account
9 NO ENTRY
Date Account Titles and Explanation P.R. Debit Credit
May 12 Accounts Payable 44,000
Purchase Discount 1320
Cash in Bank 42,680
Paid Accounts
13 Accounts Receivable 172,500
Sales 172,500
Sales on Account
13 Cash in Bank 113,975
Sales Discount 3,525
Accounts Receivable 117,500
Collected counts
14 Cash in Bank 10,000
Accounts Receivable 10,000
Collected Accounts
15 Salaries Expense 17,950
Cash in Bank 17,950
Salaries Paid
16 Purchases 69,500
Cash in Bank 69,500
Purchase on Cash
17 Accounts Payable 152,500
Cash in Bank 147,925
Purchase Discount 4,575
Paid Accouts
18 Cash in Bank 22,500
Sales 22,500
Sales on Cash
Date Account Titles and Explanation P.R. Debit Credit
May 18 Cash in Bank 167,325
Sales Discount 5,175
Accounts Receivable 172,500
Received Accounts
18 Cash in Bank 10,000
Accounts Receivable 10,000
Accounts Received
19 Purchases 32,000
Accounts Payable 32,000
Purchase on Account
20 Cash in Bank 40,000
Sales 40,000
Sales on Cash
22 Accounts Payable 4,000
Purchase Returns and Allowances 4,000
Returned Merchandise
23 Purchases 22,000
Accounts Payable 22,000
Purchase on Account
25 Cash in Bank 41,500
Sales 41,500
Sale on Account
28 Sales Returns and Allowances 1,500
Cash 1,500
Returned Merchandise
29 Jess Montess Withdrawals 10,000
Cash in Bank 10,000
Owner’s Withdrawal
Date Account Titles and Explanation P.R. Debit Credit
May 30 Cash in Bank 5,000
ss Accounts Receivable 5,000
Paid Salaries
31 Salaries Expense 17,950
Cash in Bank 17,950
Paid Salaries
31 Accounts Receivable 28,000
Sales 28,000
Sales on Account
