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    Practice Set For ACC 111

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    Irahq Yarte Torrejos
    This document summarizes sales and cash receipts for a company between July 1-30, 2018. It shows invoices, cash received from customers, and totals over $5.7 million in sales and $63,928.58 in cash receipts. It also summarizes purchases and cash disbursements over the same period totaling over $3.9 million in purchases. Transactions include sales and purchases from various customers and vendors.

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    Practice Set For ACC 111

    Uploaded by

    Irahq Yarte Torrejos
    727 views6 pages
    This document summarizes sales and cash receipts for a company between July 1-30, 2018. It shows invoices, cash received from customers, and totals over $5.7 million in sales and $63,928.58 in cash receipts. It also summarizes purchases and cash disbursements over the same period totaling over $3.9 million in purchases. Transactions include sales and purchases from various customers and vendors.

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    Practice set

    Original Title

    Practice Set for ACC 111

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    This document summarizes sales and cash receipts for a company between July 1-30, 2018. It shows invoices, cash received from customers, and totals over $5.7 million in sales and $63,928.58 in cash receipts. It also summarizes purchases and cash disbursements over the same period totaling over $3.9 million in purchases. Transactions include sales and purchases from various customers and vendors.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    727 views6 pages

    Practice Set For ACC 111

    Uploaded by

    Irahq Yarte Torrejos
    This document summarizes sales and cash receipts for a company between July 1-30, 2018. It shows invoices, cash received from customers, and totals over $5.7 million in sales and $63,928.58 in cash receipts. It also summarizes purchases and cash disbursements over the same period totaling over $3.9 million in purchases. Transactions include sales and purchases from various customers and vendors.

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    © All Rights Reserved
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    SALES AND CASH R

    Debit
    Date Invoice No./ OR No. Particulars Cash Sales Discounts
    7.01.18 12001 Mr. Cyber Henio 1,500,000.00
    7.02.18 00001-09 Customers 455,000.00
    7.05.18 00010 CCSA
    7.08.18 00011 Matalino High School
    7.10.18 12002 CCSA 1,754,200.00 31,964.29
    7.13.18 00012 Mr. Xander Retoke 66,500.00
    7.18.18 00013 Makilala National High School
    7.18.18 12003 Matalino High School 651,700.00 11,875.00
    7.18.18 12004 Trilling Enterprise 1,000.00

    7.23.18 00014 Gevera Auditing Firm 45,600.00


    7.23.18 12005 Abby's Merchandising 15,200.00
    7.28.18 12006 Makilala National High School 1,102,500.00 20,089.29
    7.29.18 00015 Aquarius Company
    7.30.18 00016 Customers 95,000.00
    7.30.18 12007 UM Cooperative 50,000.00
    TOTAL 5,736,700.00 63,928.58
    SALES AND CASH RECEIPTS JOURNAL
    Debit Credit Other Accounts
    Accounts Receivable Sales Accounts Receivable Account Title PR
    Henio, Capital
    406,250.00 Output Tax
    1,800,000.00 1,607,142.86 Output Tax
    665,000.00 593,750.00 Output Tax
    1,790,000.00 Output Tax
    59,375.00 Output Tax
    1,125,000.00 1,004,464.29 Output Tax
    665,000.00 Output Tax
    Purchase Returns and Allowances
    Input Tax
    68,400.00 101,785.71 Output Tax
    Commission Income
    1,125,000.00 Output Tax
    325,000.00 290,178.57 Output Tax
    84,821.43 Output Tax
    Unearned Sales Revenue
    3,983,400.00 4,147,767.85 3,580,000.00
    Other Accounts
    Debit Credit
    1,500,000.00
    48,750.00
    192,857.14
    71,250.00
    3,835.71
    7,125.00
    120,535.71
    1,425.00
    892.86
    107.14
    12,214.29
    15,200.00
    2,410.71
    34,821.43
    10,178.57
    50,000.00
    7,671.43 2,063,932.14
    P
    Debit
    Date CV RR No./ CK No. Particulars Purchases
    7.01.18 1001 High Tech Company 1,745,535.71
    7.01.18 7-101 532101 Mr. Henio
    7.01.18 7-102 532102 Aboiting Shipping (VAT)
    7.03.18 7-03 532103 Customers

    7.03.18 7-104 532104 Gevera Accounting Firm


    7.03.18 7-105 532105 Gevera Accounting Firm

    7.11.18 1002 Voltes Five Company 224,017.86


    7.17.18 1003 Trilling Enterprise 4,464.29
    7.24.18 1004 High Tech Company 2,000,000.00
    7.25.18 1005 Metro Appliance Center
    TOTAL 3,974,017.86
    Purchase and Cash Disbursement Journal
    Debit Credit
    Office Equipment Accounts Payable Freight In Cash Purchase Discounts

    10,500.00 10,500.00
    6,964.29 7,800.00
    5,000.00

    8,300.00
    5,866.25

    5,000.00

    71,428.57
    71,428.57 17,464.29 0.00 42,466.25 0.00
    Credit Other Accounts
    Accounts Payable Account Titles PR Debit Credit
    1,955,000.00 Input Tax 209,464.29

    Input Tax 835.71


    Sales Returns and Allowances 4,464.29
    Output Tax 535.71
    Taxes and Licenses 8,300.00
    Withholding Tax 308.75
    Taxes and Licenses 6,175.00
    250,900.00 Input Tax 26,882.14
    Input Tax 535.71
    2,240,000.00 Input Tax 240,000.00
    80,000.00 Input Tax 8,571.43
    4,525,900.00 505,764.29 308.75

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