DATE PARTICULARS DEBIT CREDIT

Oct-01 Accounts Receivable 56,000.00

Output VAT 6,000.00
Sales 50,000.00
To record the sold merchandise to Cardenas Marketing

1 Cash 89,600.00
Accounts Receivable 89,600.00
To record the cash collected from Del Mundo Shirts Station

2 Purchases 160,000.00
Input Tax 19,200.00
Voucher Payable 179,200.00
To record the purchases merchandise to Blanche MFg Company

2 Transportation-In 1,120.00
Cash 1,120.00
To record the transportation-in paid

3 Voucher Payable 26,880.00

Cash 26,880.00
To record the payment to Camiseria Palaganas

4 Accounts Receivable 22,400.00

Output Tax 2,400.00
Sales 20,000.00
To record the sold mechandise to Del Mundo Shirts Station

4 Sales Returns And Allowances 4,000.00

Output Tax 480.00
Accounts Receivable 4,480.00
To record the sales retun of Selisana Garments

4 Repairs and Maintenance Expense 2,688.00

Cash 2,688.00
To record the payment for computer repairs

5 Cash 49,280.00
Accounts Receivable 49,280.00
To record the cash collected from Selisana Garments

5 Purchases 20,400.00
Input Tax 2,448.00
Voucher Payable 22,848.00
To record the purchases from Manalo Shirt Factory
 5 Voucher Payable 11,200.00
Purchase Return and Allowances 10,000.00
Input Tax 1,200.00
To record the purchase returned to Blanche Mfg. Company

8 Cash 418,432.00
Output Tax 44,832.00
Sales 373,600.00
To record the cash sales

8 Cash 26,880.00
Accounts Receivable 26,880.00
To record the cash collected from Modesto Bargain House

8 Cash 11,200.00
Accounts Receivable 11,200.00
To record the cash collected from Calamba Commercial

9 Voucher Payable 224,000.00

Cash 224,000.00
To record the payment to Bisana Marketing

10 Voucher Payable 15,650.00

Cash 15,650.00
To record the payment to SSS

10 Voucher Payable 14,102.24

Cash 14,102.24
To record the payment for withholding tax

11 Voucher Payable 6,407.50

Cash 6,407.50
To record the payment to PHIC

12 Accounts Receivable 53,760.00

Output VAT 5,760.00
Sales 48,000.00
To record the sold merchandise to Modesto Bargain House

12 Cash 78,400.00
Accounts Receivable 78,400.00
To record the cash collected from Marasigan Enterprises

12 Furniture and Fixtures 40,320.00

Voucher Payable 40,320.00
To record acquistion of furnitures to Medina Office Systems
13 Cash 110,880.00
Output Tax 120.00
Sales Discount 1,000.00
Accounts Receivable 112,000.00
To record the cash collected from Marasigan Enterprises

15 Cash 344,960.00
Sales 308,000.00
Output Tax 36,960.00
To record the cash sales

15 Salaries Expense 104,353.81

Voucher Payable 104,353.81
To record the salaries expense incurred

15 Supplies 6,720.00
Voucher Payable 6,720.00
To record the supplies purchased to Geron Merchandising

15 Voucher Payable 44,800.00

Cash 44,800.00
To record the full settlement to Burgos Shirts

15 Voucher Payable 1,800.00

Cash 1,800.00
To record the payment to pag-ibig fund

16 Accounts Receivable 100,800.00

Sales 90,000.00
Output Tax 10,800.00
To record the sold merchandise to Selisana Garments

16 Purchases 120,000.00
Input Tax 14,400.00
Voucher Payable 134,400.00
To record the merchandise bought from Bisana Marketing

17 Voucher Payable 11,200.00

Furnitures and Fixtures 11,200.00
To record the return of furnitures and fixtures

17 Voucher Payable 156,352.00

Cash 156,352.00

18 Repairs and Maintenance Expense 5,600.00

 Cash 5,600.00
To record the payment for equipment repairs

19 Accounts Receivable 64,960.00

Sales 58,000.00
Output Tax 6,960.00
To record the merchandise sold to Marasigan Enterprises

19 Cash 17,920.00
Accounts Receivable 17,920.00
To record the payment of Cardenas Marketing.

19 Notes Receivable 33,600.00

Accounts Receivable 33,600.00
To record the payment of Calamba Commercial

20 Purchases 100,000.00
Input Tax 12,000.00
Voucher Payable 112,000.00
To record the purchases from Camiseria Palaganas

22 Cash 328,720.00
Sales 293,500.00
Output Tax 35,220.00
To record the cash sales

22 Transportation-in 3,360.00
Cash 3,360.00
To record the Freight paid to Galang Freight Services

22 Cash 53,760.00
Accounts Receivable 53,760.00
To record the payment made by Modesto Bargain House

23
 Cash Accounts Receivable Vehicles Supplies
100,000.00 20,000.00 30,000.00 15,000.00 200,000.00 8,000.00
40,000.00 8,000.00
15,000.00 5,000.00
20,000.00 20,000.00
21,000.00
12,000.00
10,000.00
10,000.00
21,000.00
#REF!

#REF! 15000 200000 5000

Notes Payable Juancho, Capital

20,000.00 20,000.00

Rent Expense Salaries Expense Supplies Expense

10,000.00 21,000.00 3,000.00
21,000.00

10000 42000 3000

 Supplies Equipment Furnitures
3,000.00 40,000.00 30,000.00

40000 30000

Juancho, Capital Juancho, Drawing Delivery Service Revenue

330,000.00 10,000.00 40,000.00
- 30,000.00
20,000.00

330000 10000 90000

Supplies Expense Advertising Expense Utilities Expense

5,000.00 12,000.00

5000 12000
 ASM Medical Clinic
Unadjusted Trial Balance
September 30, 2018

Account Title Debit Credit Sales

Cash 130,115.00 Less:
Notes Receivable 30,000.00 Sales Returns
Accounts Receivable 98,750.00 Sales Discount
Allowance for Impairment Loss 4,835.00 Net Sales
Merchandise Inventory 715,250.00 Less: Cost of Goods Sold
Prepaid Insurance 6,000.00
Unused Supplies 3,750.00
Accounts Payable 371,535.00
Notes payable 50,000.00
Avetor,Capital 1,468,840.00
Avetor, Drawing 48,000.00
Sales 1,950,345.00 Total Goods Available for Sale
Sales Returns 4,020.00 Less: Ending Inventory
Sales Discount 20,800.00 Cost of Goods Sold
Purchases 1,320,500.00 Gross Income
Store Equipment 120,000.00 Add: Other Income
Accumulated Depreciation-Store Equipment 36,000.00 Rental Income
Accumulated Depreciation-Store Equipment 36,000.00 Interest Income
Freight-in 30,875.00 Total Income
Purchase Returns and Allowances 2,585.00 Less: Operating Expenses
Purchase Discount 20,000.00
Sales Salaries 115,600.00
Advertising Expense 18,000.00
Freight-out 12,260.00
Interest Income 1,200.00
Miscellaneous Selling Expenses 17,650.00
Office Salaries 65,900.00
Rent expense 48,000.00
Insurance expense 9,000.00
Supplies expense 8,650.00
Impairment Loss 2,515.00
Miscellaneous General Expenses 1,800.00
Interest Expense 6,000.00
Office Equipment 60,000.00
Accumulated Depreciation-Office Equipment 18,000.00 Net Income
Depreciation-Office Equipment 6,000.00
Total 2,899,435.00 3,959,340.00
 Ween Trading
Statement of Comprehensive Income
June 30, 20CY

Sales 266,560

Sales Returns 11,700

Sales Discount 3,600 15,300.00
251,260.00
Less: Cost of Goods Sold
Merchandise, beginning 50,000
Add:Net Purchases
Purchases 137,800
Freight-in 2,400
Purchase Returns and Allowances 4,500
Purchase Discount 600
Total Goods Available for Sale 185,100.00
Less: Ending Inventory 102,400
Cost of Goods Sold 82,700.00
Gross Income 168,560.00
Add: Other Income
Rental Income 2,000
Interest Income 15.00
Total Income
Less: Operating Expenses
Sales Salaries 24,000
Advertising Expense 5,000
Freight Out 3,120
Office Salaries Expense 33,000
Rent Expense 15,000
Insurance Expense 2,000
Office Supplies Expense 1,000
Taxes and Licenses Expense 1,260
Light and Water Expense 20,500
Depreciation Expense - Office Equipment 1,025
Depreciation Expense - F&F 330
Interest Expense 20
Depreciation Expense - DV 7,000
Bad Debts Expense 1,410
Net Income
Ween Trading
 Worksheet
June 30, 20CY

Lee Gao Capital, beginning 625,000

Add: Net Income 55,910.00
Total 680,910.00
Lee Gao Drawings 22,000
Lee Gao Capital, end 658,910.00

Ween Trading
Worksheet
June 30, 20CY

ASSETS
Current Assets

Cash 502,030
Notes Receivable 6,000
Accounts Receivable 51,500
Allowance for Bad Debts 1,410
Interest Receivable 15
Prepaid Rent 30,000
Prepaid Advertising 5,000
Prepaid Insurance 22,000
Merchandise Inventory 102,400
Unused Office Supplies 250.00
Total Current Assets 717,785.00

Non-Current Assets
Deivery Van 850,000
Accumulated Depreciation - DV 7,000 843,000.00
Furniture and Fixtures 40,000
Accumulated Depreciation - F&F 330 39,670
Office Equipment 125,000
Accumulated Depreciation-Office Equipment 1,025 123,975.00
Total Non-Current Assets 1,006,645.00

TOTAL ASSETS 1,724,430.00

LIABILITIES AND EQUITY

Liabilities
Accounts Payable 855,500
Notes Payable 8,000
Interest Payable 20
Unearned Rental Income 2,000
Loan Payable 200,000.00
Total Liabilities 1,065,520.00

Equity
Lee Gao Capital, end 658,910.00

TOTAL LIABILITIES AND EQUITY 1,724,430.00

170,575.00

114,665.00
55,910.00
1