CRUZ AUTO REPAIR SHOP
COLUMNAR JOURNAL
CA SH Accounts
DATE EXPLANATION REFERENCE DEBIT CREDIT DEBIT
July 1 To record initial investment OR #001 100,000.00
3 Purchase of auto parts CV #001 50,000.00
5 Purchase of equipment on account CV #912
7 Cash received from bank loan PN #7-07 100,000.00
8 Partial payment on account CV #002 75,000.00
11 Repair service rendered CV #001 10,000.00
13 Repair service rendered on account CV #001 15,000.00
15 Payment of rent expense CV #003 5,000.00
17 Cash received on account OR #002 8,000.00
19 Repair service rendered CV #002,OR #003 10,000.00 10,000.00
21 Repair service rendered CV #002-005 25,500.00
24 Withdrawal for personal use CV #004 10,000.00
27 Purchase of office supplies CV #005 1,000.00
30 Payment of salaries and wages CV #006 22,000.00
31 Auto parts expense PR #01-11
253,500.00 163,000.00 25,000.00
Jose Cruz,
Receivable Auto Parts Equipment Accounts Payable Bank Loan Capital
CREDIT DEBIT DEBIT DEBIT CREDIT CREDIT CREDIT
100,000.00
50,000.00
150,000.00 150,000.00
100,000.00
75,000.00
8,000.00
- 16,000.00
8,000.00 34,000.00 150,000.00 75,000.00 150,000.00 100,000.00 100,000.00
Jose Cruz, Repair Parts Rent Salary Supplies
Drawings Income Expense Expense Expense Expense
DEBIT CREDIT DEBIT DEBIT DEBIT DEBIT
10,000.00
15,000.00
5,000.00
20,000.00
25,500.00
10,000.00
1,000.00
22,000.00
16,000.00
10,000.00 70,500.00 16,000.00 5,000.00 22,000.00 1,000.00
111 Cash
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 253,500.00 163,000.00 90,500.00
112 Accounts Receivable
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 25,000.00 8,000.00 17,000.00
113 Auto Parts
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 34,000.00 34,000.00
121 Equipment
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 150,000.00 150,000.00
151 Accounts Payable
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 75,000.00 150,000.00 75,000.00
152 Bank Loan
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 100,000.00 100,000.00
201 Jose Cruz, Capital
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 100,000.00 100,000.00
202 Jose Cruz, Drawings
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 10,000.00 10,000.00
251 Repair Income
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 70,500.00 70,500.00
301 Parts Expense
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 16,000.00 16,000.00
302 Rent Expense
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 5,000.00 5,000.00
303 Salary Expense
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 22,000.00 22,000.00
304 Supplies Expense
Date Explanation P.R. Debit Credit Balance
Jul-31 J1 1,000.00 1,000.00
CRUZ AUTO REPAIR SHOP
TRIALBALANCE
July 31, 2020
AN ACCOUNT NAME DEBIT CREDIT
111 Cash 90,500.00
112 Accounts Receivable 17,000.00
113 Auto Parts 34,000.00
114 Equipment 150,000.00
151 Accounts Payable 75,000.00
152 Bank Loan 100,000.00
201 Jose Cruz, Capital 100,000.00
202 Jose Cruz, Drawings 10,000.00
251 Repair Income 70,500.00
301 Parts Expense 16,000.00
302 Rent Expense 5,000.00
303 Salary Expense 22,000.00
304 Supplies Expense 1,000.00
TOTALS 345,500.00 345,500.00