Set A: Journal Entries, T-accounts and Trial Balance for ABCD Auto Repair and Services for the

he month of September
2024.
Date Account Debit Credit Description
1-Sep Cash 30,000 Owner's investment in the business
Owner's Capital 30,000
2-Sep Rent Expense 2,500 Paid rent for September
Cash 2,500
3-Sep Equipment 10,000 Purchased repair equipment (₱4,000 cash, rest on
credit)
Cash 4,000
Accounts Payable 6,000
5-Sep Supplies 1,500 Purchased supplies on account
Accounts Payable 1,500
7-Sep Cash 3,200 Completed repair services for a customer
Service Revenue 3,200
8-Sep Accounts 5,500 Performed services on account
Receivable
Service Revenue 5,500
9-Sep Advertising Expense 700 Paid for advertising campaign
Cash 700
11-Sep Utilities Expense 400 Paid utilities bill
Cash 400
13-Sep Cash 2,000 Received payment from customer (Sept 8 service)
Accounts Receivable 2,000
15-Sep Accounts Payable 800 Paid part of amount owed for supplies (Sept 5)
Cash 800
17-Sep Owner's Drawings 1,500 Owner withdrew cash
Cash 1,500
18-Sep Salaries Expense 3,000 Paid employee salaries
Cash 3,000
20-Sep Accounts Payable 1,500 Paid amount owed for equipment (Sept 3)
Cash 1,500
21-Sep Supplies 700 Purchased additional supplies in cash
Cash 700
23-Sep Accounts 2,800 Provided auto repair services on account
Receivable
Service Revenue 2,800
24-Sep Cash 2,800 Received payment from customer (Sept 23
service)
Accounts Receivable 2,800
25-Sep Depreciation 300 Depreciation of equipment for September
Expense
Accumulated Depreciation 300
26-Sep Interest Expense 250 Paid interest on loan
Cash 250
27-Sep Accounts Payable 700 Paid off balance for supplies (Sept 5)
Cash 700
30-Sep Repair and 500 Paid for repair parts for an urgent job
Maintenance
Cash 500
Cash Accounts Accounts Payable Rent Expense Depreciation Expense
Receivable

Date Debit Credit Balance Date Debit Credit Balance Date Debit Credit Balance Date Debit Credit Balance Dat Debit Credit Balance
e
9/1 30,000 30,000 9/8 5,500 5,500 9/3 6,000 6,000 9/2 2,500 2,500 9/2 300 300
5
9/2 2,500 27,500 9/13 2,000 3,500 9/5 1,500 7,500
9/3 4,000 23,500 9/23 2,800 6,300 9/15 800 6,700 Salaries Expense Interest
Expense
9/7 3,200 26,700 9/24 2,800 3,500 9/20 1,500 5,200
9/9 700 26,000 9/27 700 4,500 Date Debit Credit Balance Dat Debit Credit Balance
e
9/11 400 25,600 Supplie 9/18 3,000 3,000 9/2 250 250
s 6
9/13 2,000 27,600 Owner's Capital
9/15 800 26,800 Date Debit Credit Balance Supplies Expense Repair and Maintenance Expense
9/17 1,500 25,300 9/5 1,500 1,500 Date Debit Credit Balance
9/18 3,000 22,300 9/21 700 2,200 9/1 30,000 30,000 Date Debit Credit Balance Dat Debit Credit Balance
e
9/20 1,500 20,800 (No transactions posted here yet.) 9/3 500 500
0
9/21 700 20,100 Equipment Owner's Drawings
9/24 2,800 22,900 Utilities Expense
9/26 250 22,650 Date Debit Credit Balance Date Debit Credit Balance
9/27 700 21,950 9/3 10,000 10,000 9/17 1,500 1,500 Date Debit Credit Balance
9/30 500 21,450 9/11 400 400
Accumulated Depreciation Service Revenue
Advertising
Expense
Date Debit Credit Balance Date Debit Credit Balance
9/25 300 300 9/7 3,200 3,200 Date Debit Credit Balance
9/8 5,500 8,700 9/9 700 700
9/23 2,800 11,500
 Trial Balance

Account Debit Credit

Cash 21,450
Accounts Receivable 3,500
Supplies 2,200
Equipment 10,000
Accumulated Depreciation 300
Accounts Payable 4,500
Owner's Capital 30,000
Owner's Drawings 1,500
Service Revenue 11,500
Rent Expense 2,500
Salaries Expense 3,000
Utilities Expense 400
Advertising Expense 700
Depreciation Expense 300
Interest Expense 250
Repair and Maintenance 500
Expense
Total 46,300 46,300

Set B: Journal Entries, T-accounts and Trial Balance for CLEANSPIN Laundry Services for the month of September 2024.
Date Account Debit Credit Description
1-Sep Cash 40,000 Owner's investment in the business
Owner's Capital 40,000
2-Sep Rent Expense 3,000 Paid rent for laundry shop
Cash 3,000
3-Sep Equipment 15,000 Purchased laundry equipment (₱5,000 cash, rest on
account)
Cash 5,000
Accounts Payable 10,000
4-Sep Supplies 1,200 Purchased laundry supplies on account
Accounts Payable 1,200
6-Sep Cash 2,500 Performed laundry services for a client
Service Revenue 2,500
8-Sep Accounts 6,000 Provided laundry services for corporate client on
Receivable account
Service Revenue 6,000
9-Sep Advertising 800 Paid for an advertising campaign
Expense
Cash 800
11-Sep Utilities Expense 600 Paid monthly utilities bill
Cash 600
12-Sep Cash 3,000 Received partial payment from corporate client
(Sept 8)
Accounts Receivable 3,000
13-Sep Accounts Payable 700 Paid part of balance owed for laundry supplies
(Sept 4)
Cash 700
15-Sep Owner's Drawings 2,000 Owner withdrew cash
Cash 2,000
16-Sep Salaries Expense 4,500 Paid salaries to laundry workers
Cash 4,500
18-Sep Supplies 900 Purchased additional laundry supplies (paid in cash)
Cash 900
19-Sep Accounts Payable 1,200 Paid part of the equipment balance (Sept 3)
Cash 1,200
20-Sep Cash 1,800 Provided laundry services to a walk-in customer
Service Revenue 1,800
22-Sep Cash 3,000 Received remaining balance from corporate client
(Sept 8)
Accounts Receivable 3,000
24-Sep Depreciation 350 Depreciation for laundry equipment (Sept)
Expense
Accumulated Depreciation 350
25-Sep Interest Expense 200 Paid interest on loan for equipment
Cash 200
27-Sep Repair and 500 Paid for repairs on washing machine
Maintenance
Cash 500
30-Sep Accounts Payable 500 Paid off remaining balance for laundry supplies
(Sept 4)
Cash 500
Cas Supplies Owner's Drawings Utilities Expense
h
Date Debit Credit Balance Date Debit Credit Balance Date Debit Credit Balance Date Debit Credit Balance
9/1 40,000 40,000 9/4 1,200 1,200 9/15 2,000 2,000 9/11 600 600
9/2 3,000 37,000 9/18 900 2,100
9/3 5,000 32,000 Service Revenue Advertising Expense
9/6 2,500 34,500 Equipment
9/9 800 33,700 Date Debit Credit Balance Date Debit Credit Balance
9/11 600 33,100 Date Debit Credit Balance 9/6 2,500 2,500 9/9 800 800
9/12 3,000 36,100 9/3 15,000 15,000 9/8 6,000 8,500
9/13 700 35,400 9/20 1,800 10,300 Depreciation Expense
9/15 2,000 33,400 Accumulated Depreciation
9/16 4,500 28,900 Rent Expense Date Debit Credit Balance
9/18 900 28,000 Date Debit Credit Balance 9/24 350 350
9/19 1,200 26,800 9/24 350 350 Date Debit Credit Balance
9/20 1,800 28,600 9/2 3,000 3,000 Interest Expense
9/22 3,000 31,600 Accounts Payable
9/25 200 31,400 Salaries Expense Date Debit Credit Balance
9/27 500 30,900 Date Debit Credit Balance 9/25 200 200
9/30 500 30,400 9/3 10,000 10,000 Date Debit Credit Balance
9/4 1,200 11,200 9/16 4,500 4,500 Repair and Maintenance Expense
Accounts Receivable 9/13 700 10,500
9/19 1,200 9,300 Supplies Expense Date Debit Credit Balance
Date Debit Credit Balance 9/30 500 8,800 9/27 500 500
9/8 6,000 6,000 Date Debit Credit Balance
9/12 3,000 3,000 Owner's Capital (No transactions posted here yet.)
9/22 3,000 0 Date Debit Credit Balance
9/1 40,000 40,000
Trial Balance

Account Debit (₱) Credit (₱)

Cash 30,400
Accounts Receivable 0
Supplies 2,100
Equipment 15,000
Accumulated 350
Depreciation
Accounts Payable 8,800
Owner's Capital 40,000
Owner's Drawings 2,000
Service Revenue 10,300
Rent Expense 3,000
Salaries Expense 4,500
Utilities Expense 600
Advertising Expense 800
Depreciation Expense 350
Interest Expense 200
Repair and Maintenance 500
Total 59,450 59,450