RECORDING TRANSACTIONS USING T-ACCOUNTS - PREPARATION OF TRIAL BALANCE (TAGALOG EXPLAINED)

ABM Online PH www.youtube.com

Brief Summary

This video tutorial by ABM Online PH guides accounting students and managers through recording financial transactions using T-accounts and preparing a trial balance. It begins by reviewing essential accounting principles, including the basic accounting equation, financial transaction worksheets, and the rules of debits and credits. The tutorial then walks through a comprehensive problem, demonstrating how to analyze and record various transactions in T-accounts, calculate account balances, and finally, prepare a trial balance to ensure that total debits equal total credits.

  • Reviews basic accounting principles
  • Demonstrates recording transactions in T-accounts
  • Explains how to prepare a trial balance

Introduction to T-Accounts and Trial Balance

The video introduces the process of recording transactions using T-accounts and preparing a trial balance. Before proceeding, viewers should understand the basic accounting equation, preparing financial transaction worksheets, and the rules of debits and credits. The tutorial aims to solve a complete problem to illustrate these concepts effectively.

Account Titles Used in the Problem

The video identifies the account titles to be used in the problem. These include asset accounts such as cash, accounts receivable, prepaid insurance, equipment, furniture, and fixtures. The liability account is accounts payable, the capital account is Robredo Capital, and the withdrawal account is Robredo Withdrawals. The income account is laundry revenues, and the expense accounts include salaries expense, supplies expense, rent expense, utilities expense, and miscellaneous expense. In a problem, these account titles are typically provided, and the initial step is to count them and place them above the respective T-accounts.

Solving a Problem: Recording Transactions in T-Accounts

The video solves a problem from Win Balada's "Basic Financial Accounting and Reporting" book, starting with the initial transaction where Leni Robredo invests P250,000 into her self-service laundry business on May 1, 2019. This increases the business's cash (an asset), which is recorded as a debit of P250,000 in the cash T-account. Simultaneously, Robredo's capital (an equity account) increases, which is recorded as a credit of P250,000 in the Robredo Capital T-account. Each transaction is analyzed to determine its effect on assets, liabilities, and equity, ensuring that every entry has both a debit and a credit side to maintain balance.

Transaction B: Buying Furniture and Fixtures

The business buys tables and chairs for P6,700, paying with cash. This increases furniture and fixtures (an asset), recorded as a debit of P6,700, and decreases cash (another asset), recorded as a credit of P6,700.

Transaction C: Buying Laundry Supplies on Account

Laundry supplies are bought on account from Subic Supply Inc. for P3,250. This increases accounts payable (a liability), recorded as a credit of P3,250, and increases supplies expense, recorded as a debit of P3,250. The term "on account" indicates that the purchase is made on credit, creating a liability.

Transaction D: Paying Rent for the Month

Rent is paid for the month, amounting to P5,750. This decreases cash (an asset), recorded as a credit of P5,750, and increases rent expense, recorded as a debit of P5,750.

Transaction E: Buying Washing Machines and Dryers

Washing machines and dryers are purchased from Bataan Equipment Corporation for P115,000, with P35,000 paid in cash and the balance on account. This increases equipment (an asset), recorded as a debit of P115,000, decreases cash (an asset), recorded as a credit of P35,000, and increases accounts payable (a liability) by P80,000 (P115,000 - P35,000), recorded as a credit. This is a compound entry affecting multiple accounts.

Transaction F: Revenues Earned on Cash Basis

Revenues earned on a cash basis for the first half of the month amount to P19,250. This increases cash (an asset), recorded as a debit of P19,250, and increases laundry revenues (an equity account), recorded as a credit of P19,250.

Transaction G: Buying Insurance for 1 Year

Insurance is bought for one year at a cost of P5,600. This increases prepaid insurance (an asset), recorded as a debit of P5,600, and decreases cash (an asset), recorded as a credit of P5,600.

Transaction H: Paid Accounts to Bataan Equipment Corporation

P7,000 is paid to Bataan Equipment Corporation on account. This decreases cash (an asset), recorded as a credit of P7,000, and decreases accounts payable (a liability), recorded as a debit of P7,000.

Transaction I: Received and Paid Electric Bill

An electric bill is received and paid for P2,080. This decreases cash (an asset), recorded as a credit of P2,080, and increases utilities expense, recorded as a debit of P2,080.

Transaction J: Revenues Earned on Cash Basis for the Second Half of the Month

Revenues earned on a cash basis for the second half of the month amount to P12,350. This increases cash (an asset), recorded as a debit of P12,350, and increases laundry revenues (an equity account), recorded as a credit of P12,350.

Transaction K: Paid Salaries of Part-Time Assistance

Salaries of part-time assistance are paid, amounting to P7,400. This decreases cash (an asset), recorded as a credit of P7,400, and increases salaries expense, recorded as a debit of P7,400.

Transaction L: Robredo Withdraw Cash for Personal Use

Robredo withdraws P5,000 cash for personal use. This decreases cash (an asset), recorded as a credit of P5,000, and increases Robredo Withdrawals (an equity account), recorded as a debit of P5,000.

Transaction M: Paid Accounts to Subic Supply Inc.

P2,750 is paid to Subic Supply Inc. on account. This decreases cash (an asset), recorded as a credit of P2,750, and decreases accounts payable (a liability), recorded as a debit of P2,750.

Transaction N: Paid the City Government for Sidewalk Repair Assessment

The city government is paid P2,800 for a sidewalk repair assessment. This decreases cash (an asset), recorded as a credit of P2,800, and increases miscellaneous expense, recorded as a debit of P2,800.

Determining Account Balances

After recording all transactions, the next step is to determine the account balances for each T-account. For cash, the total debit side is P281,600 and the total credit side is P80,080. The difference, P201,520, is the debit balance. This process involves summing the debits and credits for each account and finding the difference, which is then placed on the side with the larger total.

Calculating and Applying Double Rule

The account balance is determined by subtracting the smaller side from the larger side, and the balance is placed on the side with the larger total. A double rule is then applied under the account balance to indicate that it is the final balance. For accounts with only one entry, such as prepaid insurance, equipment, and furniture and fixtures, the single amount is the account balance, and a double rule is applied.

Calculating Account Balances for Accounts Payable and Other Accounts

For accounts payable, the debit side totals P9,750 and the credit side totals P83,250. The difference, P73,500, is the credit balance. For accounts with single entries like the capital and withdrawal accounts, that amount becomes the account balance. For the revenue account, the credit entries are summed to get a total of P31,600. Expense accounts retain their single debit entries as their account balances.

Preparing the Trial Balance

The video transitions to preparing a trial balance, which lists all accounts and their balances to ensure debits equal credits. The heading includes the company name (Robredo Laundry Service), the term "Trial Balance," and the period ending date (May 31, 2020). Each account title is listed, followed by its debit or credit balance based on the T-accounts.

Listing Account Titles and Balances in the Trial Balance

All account titles are listed from cash to miscellaneous expense, and their corresponding balances are placed in either the debit or credit column based on their normal account balance. For example, cash with a debit balance of P201,520 is placed in the debit column, while accounts payable with a credit balance of P73,500 is placed in the credit column. Accounts with zero balances can be listed with a zero or omitted.

Verifying the Trial Balance: Ensuring Debits Equal Credits

The moment of truth arrives as the total debit balance is calculated to be P355,100. The total credit balance is then calculated, and it also equals P355,100. Since the total debits equal total credits, the trial balance is balanced, and a double rule is applied under the totals.

Final Reminders and Normal Account Balances

The video concludes with a reminder that the account balances in the trial balance should align with their normal account balances. Assets and expenses typically have debit balances, while liabilities, capital, and revenues have credit balances. Deviations from these normal balances may indicate errors. The video encourages viewers to review other videos on T-accounts and to ask questions in the comment section.

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Transcript

Full transcript of “RECORDING TRANSACTIONS USING T-ACCOUNTS - PREPARATION OF TRIAL BALANCE (TAGALOG EXPLAINED)”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.

0:00 Welcome to ABM Online PH, your YouTube channel where everything and anything about accountancy, business, and management is just one click away. Brought to you by Rainier D. Sabina Subscribe now! Good morning, accountants and managers! Sa video na ito ay pag-aaralan natin kung paano mag-record ng transactions using T-accounts and at the same time, mag-prepare din tayo ng trial balance.

0:46 Pero bago tayo magpatuloy, siguraduhin mo lang na naintindihan mo na talaga kung paano yung basic accounting equation, mag-prepare ng financial transaction worksheet dahil makakatulong ito para mas mapadali yung pag-a-analyze mo ng transactions using T-accounts. Paalala lang din, kailangan nauunawaan mo na rin yung rules of debits and credits. Okay, so magsasagot tayo ng isang buong problem para mas maintindihan natin kung paano gawin ito. Ready ka na ba? Tara! Okay, so bago tayo magsagot ng isang problem, kilalanin muna natin kung ano yung mga account titles na ginagamit. Okay, so nakikita ninyo dito sa blackboard kung ano yung mga account titles na gagamitin natin. Simulan natin sa mga asset accounts. So yung mga asset accounts na gagamitin natin ay cash, accounts receivable, prepaid insurance,

1:35 equipment, furnitures, and fixtures. Yung liability account naman nagagamitin natin ay accounts payable. So yung capital account ay yung Robredo Capital. Withdrawal account, Robredo Withdrawals. Then meron tayong income account which is yung laundry revenues. At meron tayong limang expense accounts which are salaries expense, Supply's expense, rent expense, utilities expense, miscellaneous expense. Okay? So sa mga problem, given naman na lahat ng account titles na yan, ang gagawin mo na lang muna, una ay bilangin kung ilan ito. Pangalawa ay ilagay yung mga account titles doon sa ibabaw ng bawat T accounts. Okay? So kapag

2:21 na-prepare na natin ito, ready na tayong mag-solve ng problems using T accounts. Okay? Okay? So magsasolve tayo ng isang buong problem, recording transactions in T-account gamit tong book ni Win Balada which is Basic Financial Accounting and Reporting. Tara, simulan na natin. So sabi dito, on May 1, 2019, Leni Robredo opened self-service laundry. During May, the following transactions were completed. So letter A, Robredo deposited P250,000 in a bank account in the name of the business. So sa letter A, Laging ganoon naman yung simula ng problem. Laging nag-i-invest yung owner ng business sa mismong business niya. It's either mag-transfer siya ng property or mag-transfer

3:07 ng cash. So dito sa transaction na ito, si Robredo daw ay nag-invest ng P250,000 sa business niya. So ang gagawin natin muna ay i-analyze muna natin yung problem. So una muna natin itatanong sa sarili natin, ang asset ba ay nadagdagan o nabawasan? Tama. Ito ay nadagdagan dahil nagkaroon ng cash yung business. Pangalawang tanong sa sarili. Alin sa mga asset accounts ang nadagdagan? Merong lima, di ba? Tama ulit yung sagot mo. Ang nadagdagan ay yung cash account. Pangatlong tanong sa sarili. Ang cash ba bilang asset kapag nadagdagan ay nilalagay sa debit o sa credit? Sa debit.

3:56 Okay, kaya ilalagay natin yung amount doon sa debit side ng T-account ng cash which is an asset at ito ay nadagdagan. So letter A, P250,000 debit. Okay, next naman natin ay yung liabilities pa nadagdagan na bawasan. So walang effect. Hindi naman nagka-utang at hindi nagkaroon ng utang yung business dahil sa transaction na iyon. Okay, okay. Yung equity ay nadagdagan dahil mayroong investment. So ano bang equity account yung ating gagamitin? So basically, yun yung Robredo Capital. So yung capital, kapag nadagdagan, nilalagay ba natin sa debit o sa credit? So ito ay nilalagay

4:45 natin sa credit. Kaya dito sa credit side natin ilalagay yung amount. So lalagay lang natin letter A. 250.000. Okay, so iyan yung entry natin para sa letter A transaction. So make sure lang na kapag nage-entry tayo, laging meron tayong nilalagay sa debit side at meron tayong nilalagay sa credit side para in the end balance yung ating mga accounts. Okay, so next natin, letter B. Bot shares and table paying cash, 6,700. Okay. So namili daw yung business ng tables and chairs na ang halaga ay P6,700. So ganun ulit natin siya i-analyze. Ang asset ba ay nadagdagan o nabawasan?

5:32 Nadagdagan dahil nagkaroon ng tables and chairs. Pero nabawasan din ito dahil yung ipinambayad natin ay yung pera o yung cash ng company. Okay, so dun muna tayo sa nadagdag na tables and chairs. So, saang asset account siya papasok? So, papasok siya under furniture and fixtures. So, dahil nadagdagan yung furnitures and fixtures natin, which is an asset account, saang side natin siya ilalagay? So, ilalagay natin ito sa debit side. So, sulat lang natin letter B, 6,700 pesos. So, nasa debit siya dahil nadagdagan yung furniture and fixtures natin. So, and at the same

6:19 time, yung isang asset account natin ay nabawasan, which is yung cash dahil binayaran natin ito. So, kapagka yung cash na isang asset ay nababawasan, saan side natin siya ilalagay? Debit, credit. Sa credit side natin siya ilalagay. So, letter B, 6,700 pesos. Okay, meron tayong entry sa debit, meron din sa credit. Next, letter C, Bought laundry supplies on account from Subic Supply Inc., P3,250. Sabi sa letter C, namili daw tayo ng laundry supplies sa Subic Supply Inc., pero utang muna. Paano ko naman nalaman na utang muna? Kasi meron tayong keyword na on

7:06 account. Kapag nakikita nyo yung keyword na on account, on credit, ibig sabihin inutang muna yung binili o yung pinurchase. I-analyze ulit natin yung transaction. Ang mga asset accounts ba ay nadagdagan o nabawasan? Base sa mga given na asset accounts, walang effect. Kaya wala tayong gagawin sa kanila. Next naman natin, liability. Nagkaroon ba ng utang yung business dahil sa transaction? Yes, dahil inutang lang natin yung laundry supplies. Meron tayong isang liability account na gagamitin para sa mga inutang natin. So, ayon sa rules of debits and credits, kapag kayong liability natin or utang ay nadadagdagan, saan natin siya isusulat or ere-record?

7:54 So, ilalagay natin siya sa credit side. So, sa letter C, 3 to 50. Okay? So, dyan yung mga lista ng utang natin. So, sa equity, walang investment, walang withdrawal, walang revenue. So, meron tayong expense or gastos. So saan siya papasok sa mga expense na to? So papasok siya dun sa supplies, expense, dahil yung binili natin ay laundry supplies. So yung supplies, lagi naman siyang i-record sa debit. So ilalagay lang natin dito, letter C, 3,250. Okay? So meron tayong record sa debit, meron din tayong nirecord sa credit. Okay?

8:42 So sa letter D naman, paid rent for the month, P5,750. Sabi sa letter D, nagbayad tayo ng renta para sa buwan na iyon. So yung asset ba natin ay nadagdagan o nabawasan? So ito ay nabawasan. Ano sa mga asset accounts yung nabawasan? So yung cash. Dahil nagbayad tayo ng cash. Yung cash bilang asset account kapag nababawasan, saan natin siya i-re-record? Sa credit. So, lalagay lang natin letter D, 5750. Okay? Hindi ko na nilagay ng peso sign yung kasunod dahil yung peso sign, nilalagay lang siya sa unang amount na nirecord natin para sa side na yun. Okay?

9:30 So, wala namang effects sa liabilities. Sa equity, meron. Dahil meron tayong expense. So, saan pa passive na expense yun? So, basically, sabi sa transaction, ang binayaran natin ay rent. So papasok siya dun sa rent expense. So yung expense account naman, laging nare-record lang natin siya sa debit side. Sulat mo lang siya. Letter D. 5,750. Okay? Basta mga expenses laging nasa debit side lang muna siya. Okay? So next natin, letter E. Bot, washing machines and dryers from Bataan Equipment Corporation. 115 Paying P35,000 in cash and the balance on account. So sabi sa letter E, nabilin

10:19 daw tayo ng mga washing machines at dryers sa Bataan Equipment Corporation. Yung halaga ng lahat ng yun ay P115,000. Pero yung binayaran lang muna natin ay P35,000. Okay, so paano natin ito i-re-record? So una muna, i-analyze muna natin yung nadagdag na assets sa atin which are yung dryers and washing machines. So saang asset account siya papasok? So papasok siya under equipment. Okay, so yung equipment bilang asset account ay nadagdagan, i-re-record natin siya sa debit. Okay, so sulat lang muna natin letter E, P115,000. Okay? Okay? Yung total na halaga ng washing machine and dryer. Next naman natin, nagbayad

11:08 daw tayo muna ng P35,000. So dahil tayo ay nagbayad ng P35,000, nabawasan yung ating cash. Okay? Yung cash ay isang asset account. Kapag nababawasan, nare-record natin sa credit. So ilalagay lang muna natin, letter E, P35,000. Okay? Sabi sa transaction, yung natirang balance ay utang muna. So ang gagawin natin para malaman natin kung magkano yung utang natin, imaminus natin yung P115,000 sa P35,000. So P115,000 minus P35,000. So meron tayong utang na P80,000. So

11:57 pupunta tayo dun sa liability account. So, yung liability pag nadadagdagan ay inire-record sa credit. So, letter E, 80,000 pesos. Okay? So, ito ay isang compound entry dahil meron tayong higit sa dalawang account na affected. Okay? Pero make sure lang kapag merong mga compound entry, kung magkano yung denebit mo, yun din yung total amount ng ike-credit mo. Okay? Para ma-make sure mo lang na in the end, Magbabalansi ka dun sa trial balance. So sa letter F naman, revenues earned on cash basis for the first half of the month, 19,250. So sa letter F naman daw, nag-earn

12:44 ng revenue yung business which is 19,250 pesos. So anong asset? So yung asset ba natin ay nadagdagan o nabawasan? So nadagdagan. So anong asset account ulit yung nadagdagan or affected? Yun ay yung cash. Okay? Ito ay nadagdagan, i-re-record natin siya sa debit. So letter F, 19,250. So liability, walang effect. Sa equity, meron dahil merong revenue. Okay? So yung revenue, laging i-re-record lang natin sa credit side.

13:32 19,250 So sa letter G Bought insurance for 1 year So sabi sa letter G na mili daw yung business ng insurance para sa isang buong taon Sa letter G, bought insurance for 1 year 5,600 pesos So sabi sa letter G na mili daw tayo ng insurance na ang halaga ay 5,600 pesos So good for 1 year na siya Okay, so analyze ulit natin Yung asset ba natin ay nadagdagan o nabawasan? So nadagdagan. So ano ang particular asset yung nadagdagan? So iyon ay yung prepaid insurance. So yung prepaid insurance bilang asset account, kapag nadagdagan ay, i-re-record natin sa debit. So lalagay mo

14:22 lang dyan. P5,600 pesos. So yung pinambayad natin dun sa insurance ay P5,600 na cash. So yung cash kapag ka nababawasan, ire-record natin lagi sa credit. So sa letter H, paid accounts to Bataan Equipment Corporation, P7,000. So sa letter H, sabi meron tayong utang sa Bataan Equipment Corporation na P80,000 dati, di ba nung namili tayo yung washing machine and dryer? So ngayon, sa transaction na ito, nagbabayad daw tayo ng P7,000. So sa letter H, nagbabayad tayo ng

15:08 P7,000 na utang natin. Okay, so yung asset ba natin ay nadagdagan o nabawasan? So ito ay nabawasan. So anong particular asset yung nabawasan? Yun ay yung cash dahil yun yung ipinambayad natin sa Bataan Equipment Corporation. So yung asset natin, i-re-record natin kapag ka napabawasan sa credit side. So isulat lang natin siya dito. Letter H, 7,000 pesos. Okay? So dahil nagbayad tayo ng utang, syempre dapat bawasan natin yung liability natin. So yung liability, kapag ka napabawasan, ay i-re-record natin sa debit. Sulat lang natin letter H, 7,000 pesos.

15:57 So para sa letter ay, Received and Paid Electric Bill, Php 2,080. So sabi sa letter ay, nakatanggap daw tayo ng bill ng kuryente and at the same time, nung natanggap natin ay binayaran na natin ito. So yung halaga niya ay Php 2,080. So yung asset ba natin ay nadagdagan o nabawasan? So ito ay nabawasan. So anong particular asset account yung nabawasan? Siyempre, yun yung cash natin. Okay? Yung cash bilang asset, kapag nababawasan, ay nare-record sa credit. Okay? So, sulat lang natin letter ay 2,080 pesos. Okay? So, liability walang effect. Sa equity, meron dahil meron tayong expense. So, saan ang

16:43 expense siya papasok? Papasok siya sa utilities expense. So, kapag ang mga expense accounts, laging naka-debit lang siya. Sulat mo lang dito, letter I, P2,080. So basta mga expense accounts, wala ka munang makikita dapat sa mga credit side niya. Just to make sure na tama yung iyong solution. Next natin, letter J. Revenues earned on cash basis for the second half of the month, P12,350. So sa letter J, nag-earn ulit ng revenue yung business. Ang halaga ay Php 12,350. So yung asset ba natin ay nadagdagan o nabawasan? So nadagdagan.

17:32 Okay? So anong asset account yung nadagdagan? So yung cash. Dahil nagkaroon tayo ng Php 12,350. So yung asset account kapag nadagdagan ay nare-record sa debit side. So re-record lang natin dito. Letter J. Php 12,350. Okay, liability walang effect. Sa equity meron dahil nagkaroon tayo ng revenue. So maapektuhan yung ating revenue account. So pag meron tayong kinita, i-re-record natin sa credit. So sa letter K, paid salaries of part-time assistance, P7,400. Okay.

18:22 Sabi sa letter K, nagpasahod daw tayo ng part-time assistance natin. Ang halaga ay P7,400. So, yung asset ba natin ay nadagdagan o nabawasan? So, nabawasan. Ano sa asset account yung nabawasan? Cash. Yung cash bilang asset, kapag nababawasan, saan natin siya nare-record? So, re-record natin siya sa credit side. Sulat lang natin, letter K, P7,400. P7,400. So, liability, no effect. So, sa equity, meron dahil meron tayong expense. Okay, anong expense siya papasok? Salaries, expense. So, yung expense naman, laging nare-record lang natin sa debit side. So, sulat lang natin, letter K,

19:13 P7,400. So, sa letter L, Ang transaction natin ay, Robredo withdraw cash for personal use, 5,000 pesos. So, sa letter L, sabi, yung owner ng business ay nag-withdraw ng 5,000 pesos sa business. Okay? So, analyze ulit natin yung transactions. Yung asset ba natin ay nanagdagan o nabawasan? Ito ay nabawasan dahil merong withdrawals. So, anong asset account yung maapektuhan? Yun ay yung cash. Okay? So, dahil ito ay nabawasan, i-re-record natin siya sa Credit side. Sulat lang natin. Letter L, P5,000. Sa liability, no effect. Sa equity, meron dahil mayroong

20:00 withdrawals. So, i-record natin yun sa withdrawal account. So, yung withdrawal, kapag merong gano'ng transaction, laging i-record lang natin siya sa debit. So, P5,000. So, sa letter M, Paid accounts to Subic Supply Inc., P2,750. So, di ba nung letter C, nangutang tayo ng laundry supplies kay Subic Supply Inc. na ang halaga ay P3,250. So, ngayon, sa transaction na ito, nagbabayad na tayo ng P2,750 doon sa inutang natin na iyon. So, analyze natin. Yung asset ba natin ay

20:48 nadagdagan o nabawasan? Ito ay nabawasan. Anong particular asset account yung nabawasan? Yun ay yung cash. Yung cash bilang asset account, kapag nababawasan, ire-record natin siya sa credit side. Sulat mo lang ulit, letter M, P2,750. Yung liabilities natin ay nabawasan. So yung liability sa account natin ay nabawasan. At kapagka ito ay nababawasan at nakakabayad tayo ng utang, nare-record natin siya sa debit side. Sulat mo lang letter M. 2750. Okay. And then para sa

21:36 last transaction, paid the city government for sidewalk repair assessment $2,850. So sabi sa letter N, nagbayad daw tayo ng repair assessment para dun sa sidewalk na ang halaga ay P2,800. Okay? Analyze ulit natin yung transaction. Yung asset ba natin ay nadagdagan o nabawasan? So ito ay nabawasan. Anong particular asset account yung nabawasan? So iyon ay yung cash dahil tayo ay nagbayad. So yung cash bilang isang asset account, kapag nababawasan ay i-record natin sa credit. Okay? Sulat mo lang dyan, letter N, 2,800 pesos. Okay, so liability no effect. Sa equity, may effect dahil meron tayong expense. So saang

22:25 expense siya papasok? So hindi siya salaries, hindi supplies, hindi rent, hindi utilities. Pag walang classification, i-record mo siya dun sa miscellaneous expense. Sulat mo lang letter N, 2,800 pesos. So ngayon, na-record na natin lahat ng transactions using T-accounts. Okay, so congratulations. So ang susunod naman natin gagawin ay aalamin natin yung account balances ng bawat account. Okay, so paano ba natin malalaman yung account balances ng bawat account? So ganito lang yung ating gagawin. So isa-isahin natin simula sa account title na cash. So para sa cash, una muna, aalamin mo muna yung total ng debit side. So,

23:12 syempre gagamit tayo ng calculator. So, 250,000 plus 19,250 plus 12,350. Yung total ng debit side ay 281,600 pesos. Ang susunod naman natin nga alamin ay yung total amount ng credit side. So, P6,700 plus P5,750 plus P35,000 plus P5,600 plus P7,000 plus P2,080 plus P7,400 plus P5,000 plus P2,750 plus P2,800 is equal to P80,080.

24:02 So, hindi na siya kasya. Sulat na lang natin dito. P80,080. P80,080. So pag itapos mong malaman yung balance ng bawat side, ang gagawin mo naman ay aalamin mo yung difference ng dalawa. So imaminos mo siya. So 281,600 total ng debit. Imaminos mo yung 80,080 na total ng credit. So yung difference nila ay 201,520. Okay? Okay. So yung 201,520, yung amount na yan ay nasa debit. So pesos, 201,520. So paano ko naman

24:48 nalaman na siya ay dapat na nakadebit? So kung sino yung mas malaki yung total, sa kanya mapupunta yung account balances. Okay? So pagkatapos mo siyang... So pagkatapos mong malaman yung account balance, lalagyan mo lang siya ng dalawang guhit sa ilalim. So yung tawag doon ay double rule. So ibig sabihin, yun na yung kanyang account balance. So pagkatapos natin sa cash, ang susunod naman natin ay accounts receivable. So dahil wala namang transaction na naganap sa accounts receivable, so lalaktawan na natin siya. Okay? So next naman natin ay yung prepaid insurance. So dahil iisa lang siya, yun na siya, wala na tayong kailangan komputin. Ang gagawin mo na lang sa kanya ay lalagyan ng double rule. So kaparehas din nung sa equipment. So ang

25:36 dali lang diba pag ganyan. Furniture and fixtures. Double rule lang din. So dito sa accounts payable, meron tayong kukomputin katulad nung kinompute natin sa cash. So alamin natin yung total ng debit side. P7,000 pesos plus P2,750 pesos. P9,750. Para sa credit side naman, P3,250 plus P80,000, P83,250. Susunod natin na iaalamin natin yung difference ng dalawa. P83,250 minus P9,750, ang halaga ng difference ay P73,500.

26:22 So saan ko siya ilalagay? Ilalagay ko siya sa credit side dahil yun yung may mas malaking amount. Okay? So 73,500. So lalagay mo lang siya ng dalawang buhet o yung tinatawag nating double rule. So next naman natin ay yung capital account. So dahil isa lang siya, yun na yun. So para naman sa withdrawal account, dahil isa lang din siya, yun na din yung kanyang account balance. Para sa revenue account, Wala sa debit side, meron dalawa sa credit side, pag-a-add in lang natin siya. So 19,250 plus 12,350. So 31,600.

27:07 So para sa mga expense account, dahil isa lang siya, yun na yung kanyang mga account balances. So para sa salary expense, 7,400. Para sa supply expense, P3,250. Para sa rent expense, P5,750. Sa utilities expense, P2,080. At para sa miscellaneous expense, P2,800. Okay, so congratulations dahil alam mo na kung ano yung mga account balances ng bawat account. Ngayon, dapat ka na bang maging masaya? Hindi pa. Kasi aalamin natin kung tayo ba i-balance o Hindi. So tayo ay magpe-prepare na nun tinatawag nating trial balance. Okay, so ano ba yung tinatawag nating trial balance? So yung trial

27:57 balance, yun yung listahan ng lahat ng accounts kasama yung kanilang mga account balances. Okay? So paano ba gawin yung isang trial balance? So start na natin. So una, gagawin mo muna yung heading. So sa heading, makikita una yung pangalan ng company. So sa case na ito, Robredo Laundry Service. So next naman natin, yung word or yung term na trial balance. And then yung period na nagtapos. So May 31, 2020. So ililista mo lang muna lahat ng account. Titles mula sa cash hanggang doon sa miscellaneous expense. So ngayon ilalagay na natin yung mga account balances.

28:46 So simulan natin sa cash. So ang pagbabataya natin dito ay yung T-account na ginawa natin. So para sa cash, yung kanyang account balance ay P201,520. So yung P201,520 ay ilalagay ba natin sa debit o sa credit? So ilalagay natin siya sa debit dahil siya ay nakadebit doon sa kanyang account balance. P201,520 debit. Okay? So para sa accounts receivable, wala. So lalagyan lang natin ng zero para hindi tayo malito. Pero pwede rin naman hindi mo na siya ilagay dahil

29:33 wala naman siyang account balance. Okay? Next naman natin, prepaid insurance. P5,600 pesos. So siya ay naka-debit doon kaya ilalagay natin siya ng debit dito. So P5,600 pesos. Yung equipment, P115,000 debit. So ilalagay natin siya sa debit. Furniture and fixtures, P6,700. Nakalagay sa debit. Accounts payable, P73,500. So siya ay nasa credit naman.

30:21 So yung capital account naman natin, next, P250,000 at ito ay naka-credit. So P250,000. Next naman natin ay yung withdrawal account na merong P5,000 na debit balance. So itatapat lang natin siya. Next naman natin, laundry revenues. So P31,600 credit. So mga expense accounts naman, 7,400 para sa salaries expense, naka-debit. Supplies expense, naka-debit, 3,250.

31:09 Rent expense, 5,750. Naka-debit din. Utilities expense, 2,080. Miscellaneous expense, 2,800 pesos. So ito na yung moment of truth. So alamin na natin yung total debit balance sa total credit balance. So dapat siya ay magparehas. Kasi kapag hindi siya nagparehas, mali yung lahat ng ating ginawa. Okay? So ibig sabihin, uulitin natin siya or aalamin pa natin kung saan tayo nagkamari. So ang gagawin natin, i-add muna natin yung total debit sa total credit balance.

31:54 So para sa total debit balance, i-add natin 201, 520, plus 5,600, plus 115,000, plus 67, plus 5,000, plus 7,400, plus 3,250, plus 5,750, plus 2,080, plus 2,800, so 355,100 pesos. So ito yung medyo nakakabang part. Ia-add na natin yung total credit. So dapat kapareha siya nun. P73,500 plus

32:45 P250,000 plus P31,600. So ang total niya ay P355,100 pesos. So dahil sila ay magkaparehas o tayo ay balance, so lalagyan natin siya ng dalawang guwit sa ilalim na tinatawag nating double rule. So iyan yung isa sa mga pinakamasayang part ng accounting. Kapag kayong matapos ang lahat ng pinagdaanan mo, balance ka. Okay? Kasi marami din naman na matapos yung maraming pinagdaanan ay hindi balance. Okay? Kasi kahit papano kapag balance yung total debit mo sa total credit, kahit papano, malaki yung chance mo na tama yung

33:34 sagot mo. Okay? Yan. So, bago tayo magtapos, konting paalala lamang. Kung mapapansin ninyo dito sa ating trial balance, yung mga account balances nila ay nandito sa kanilang mga normal account balance. Pag sinabi natin normal account balance, yun yung side kung saan sila nadadagdagan. So, kung mapapansin mo, lahat ng cash account ay nakadebit. Yung liability, naka-credit. Ganon din yung capital. Yung revenue ay naka-credit. At yung mga expense accounts naman ay naka-debit. Okay? So kapagka hindi sila nag-fall sa kanilang normal account balance, ibig sabihin, mali na yung iyong ginawa. Okay? So kaya dapat yung mga normal account balance ay memorize mo din. Doon sa

34:19 rules of debits and credits. Okay? Okay. Sana naintindihan mo kung paano mag-record ng transactions using T-accounts at mag-prepare ng trial balance. Kung medyo malabo pa sa'yo, pwede mo pang panoorin yung mga videos natin na nagsosolve tayo ng T-accounts dito sa ating playlist. Kung meron kang question or naguguluhan ka, pwede kang mag-type ng tanong mo dito sa ating comment section. Kung meron kang natutunan, huwag kalimutang mag-like at i-share itong video na ito at huwag kalimutang mag-subscribe. So, ifollow mo rin yung social media accounts ng EBM Online PH sa Twitter, TikTok, Facebook at YouTube. So, sana marami kang natutunan. Hanggang sa muli, goodbye accountants and managers!

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