Bida-Tech Company Chart of Accounts Account Naccount Name
Bida-Tech Company Chart of Accounts Account Naccount Name
Bida-Tech Company Chart of Accounts Account Naccount Name
Chart of Accounts
20,000.00
2,400.00
28,000.00
150,000.00
15,000.00
15,000.00
1,800.00
10,500.00
Debits Credit
Voucher
Date Inv. No. Name of Creditor Accounts
No. Purchases Input Tax
Payable
12/3/2020 No. 0987 E-Trading 1865 400,000.00 48,000.00 448,000.00
No. 10812 Samsung 1866 350,000.00 42,000.00 392,000.00
12/9/2020 No. 3546 Arenas Trading 1867 450,000.00 54,000.00 504,000.00
12/22/2020 No. 1234 Avery Computers 1868 450,000.00 54,000.00 504,000.00
12/30/2020 No. 11098 Samsung 270,000.00 32,400.00 302,400.00
Debit Credit
6,000.00
720.00
7,000.00
840.00
14,950.00
1,666.80
12,780.00
3,480.00
1,200.00
4,000.00
480.00
60,000.00
4,200.00
15,000.00
1,800.00
58,338.00
30,000.00
3,600.00
116,000.00
35,000.00 President Vice Pres Total
4,200.00 Basic Pay 28,000.00 23,000.00 51,000.00
60,000.00 Fixed Allowance 2,000.00 2,000.00 4,000.00
600.00 Total Compensation 30,000.00 25,000.00 55,000.00
1,740.00 Less: Nontaxable Compensation
2,153.80 SSS Contribution 800.00 800.00 1,600.00
75,000.00 Philhealth Contribution 420.00 345.00 765.00
9,000.00 PAGIBIG Contribution 100.00 100.00 200.00
Taxable Compensation 28,680.00 23,755.00 52,435.00
Less: Lower Limit 20,833.00 20,833.00 41,666.00
7,847.00 2,922.00 10,769.00
Withholding Tax Rate 20% 20% 20%
Withholding Tax on Compensation 1,569.40 584.40 2,153.80
Debits
Date OR No. Payor/Description PR
Cash
900.00 100,800.00
21,600.00 180,000.00
Account: Brandon
Date Item Ref Debit Credit Balance
12/1/2020 Sales SJ 1 268,800.00 268,800.00
12/11/2020 Collection CRJ1 268,800.00 -
Account: UA
Date Item Ref Debit Credit Balance
12/3/2020 Sales SJ 1 168,000.00 168,000.00
12/12/2020 Collection CRJ1 168,000.00 -
Account: I-Bank
Date Item Ref Debit Credit Balance
12/11/2020 Sales SJ1 280,000.00 280,000.00
12/13/2020 Sales Return GJ1 28,000.00 252,000.00
12/23/2020 Collection CRJ1 100,800.00 151,200.00
Account: Avery Computers
Date Item Ref. Debit Credit Balance
11/29/2020 Purchases PJ 1 145,600.00 145,600.00
12/8/2020 Payment CDJ1 145,600.00 -
12/22/2020 Purchases PJ 1 504,000.00 504,000.00
12/29/2020 Purchase Return GJ 1 16,800.00 487,200.00
Account: E-Trading
Date Item Ref. Debit Credit Balance
12/3/2020 Purchases PJ 1 448,000.00 448,000.00
12/12/2020 Payment CDJ1 448,000.00 -
Account: Samsung
Date Item Ref. Debit Credit Balance
12/3/2020 Purchases PJ 1 392,000.00 392,000.00
12/8/2020 Purchase Return GJ 1 22,400.00 369,600.00
12/12/2020 Payment CDJ 1 369,600.00 -
12/30/2020 Purchases PJ1 302,400.00 302,400.00
BIDA-TECH Company
Schedule of Accounts Payable
31-Dec-20
GENERAL LEDGER
INCOME STATEMENT ACCOUNT
105
Balance
Credit
150-A
Balance
Credit
109
Balance
Credit
110
Balance
Credit
115
Balance
Credit
116-A
Balance
Credit
116-B
Balance
Credit
117
Balance
Credit
118
Balance
Credit
120
Balance
Credit
140
Balance
Credit
140-A
Balance
Credit
141
Balance
Credit
141-A
Balance
Credit
145
Balance
Credit
145-A
Balance
Credit
150
Balance
Credit
150-A
Balance
Credit
200
Balance
Credit
145,600.00
593,600.00
985,600.00
840,000.00
817,600.00
1,321,600.00
873,600.00
504,000.00
-
504,000.00
487,200.00
789,600.00
202
Balance
Credit
10,500.00
203
Balance
Credit
207
Balance
Credit
12,780.00
-
4,200.00
208
Balance
Credit
3,480.00
-
1,740.00
209
Balance
Credit
1,200.00
-
600.00
210
Balance
Credit
58,338.00
-
211
Balance
Credit
14,950.00
16,211.00
1,261.00
5,141.00
8,342.00
12,707.00
16,457.00
212
Balance
Credit
1,666.80
-
2,153.80
213
Balance
Credit
214
Balance
Credit
400,000.00
300
Balance
Credit
3,000,000.00
301
Balance
Credit
150,000.00
302
Balance
Credit
15,000.00
306
Balance
Credit
310
Balance
Credit
400
Balance
Credit
9,400,000.00
9,640,000.00
9,790,000.00
10,290,000.00
10,540,000.00
10,585,000.00
10,765,000.00
11,115,000.00
11,310,000.00
11,490,000.00
401
Balance
Credit
402
Balance
Credit
403
Balance
Credit
28,800.00
46,800.00
106,800.00
136,800.00
133,800.00
139,200.00
160,800.00
159,000.00
201,000.00
224,400.00
246,000.00
500
Balance
Credit
501
Balance
Credit
12,000.00
32,000.00
47,000.00
502
Balance
Credit
36,000.00
39,900.00
51,900.00
61,800.00
75,300.00
504
Balance
Credit
505
Balance
Credit
600
Balance
Credit
601
Balance
Credit
602
Balance
Credit
603
Balance
Credit
604
Balance
Credit
605
Balance
Credit
606
Balance
Credit
607
Balance
Credit
608
Balance
Credit
609
Balance
Credit
610
Balance
Credit
611
Balance
Credit
612
Balance
Credit
613
Balance
Credit
614
Balance
Credit
615
Balance
Credit
616
Balance
Credit
617
Balance
Credit
Account Unadjusted Trial Balance Ad
No. Account Name Debit Credit Debit
100 Cash 1,665,986.80
105 Accounts Receivable 369,600.00
105-A Allowance for Bad Debts
109 Subscriptions Receivable 82,500.00
110 Merchandise Inventory 600,000.00 h.)
115 Prepaid Insurance 240,000.00
116-A Prepaid Income Tax 22,980.00
117 Office Supplies 180,600.00
118 Store Supplies 153,200.00
119 Prepaid Advertising Expense f.)
120 Rent Deposit 450,000.00
140 Office Furniture and Fixtures 200,000.00
140-A Accum. Depreciation-Off. Furn. & Fixtures
141 Store Furniture and Fixtures 250,000.00
141-A Accum. Depreciation-Store Furn. & Fixtures
145 Office Equipment 300,000.00
145-A Accum. Depreciation-Office Equipment
150 Store Equipment 480,000.00
150-A Accum. Depreciation-Store Equipment
200 Accounts Payable 789,600.00
202 Accrued Expenses 10,500.00
203 Interest Payable
207 SSS Premium Payable 4,200.00
208 Philhealth Premium Payable 1,740.00
209 PAGIBIG Premium Payable 600.00
210 VAT Payable
211 Income Tax Withheld 16,457.00
212 Withholding Tax on Compensation 2,153.80
214 Notes Payable 400,000.00
300 Ordinary Share Capital 3,000,000.00
301 Subscribed Share 150,000.00
302 Share Premium 15,000.00
306 Retained Earnings
310 Income Summary h.)
400 Sales 11,490,000.00
401 Sales Returns and Allowances 105,000.00
402 Sales Discounts 50,024.00
403 Output Tax 246,000.00 j.)
500 Purchases 7,870,000.00
501 Purchases Returns and Allowances 47,000.00
502 Purchases Discounts 75,300.00
504 Freight In 85,000.00
505 Input Tax 245,040.00
600 Salaries Expense 1,556,000.00
601 SSS Employer Share Expense 94,380.00 i.)
602 PhilHealth Employer Share Expense 19,140.00 i.)
603 PAGIBIG Employer Share Expense 6,600.00 i.)
604 Rent Expense 900,000.00
605 Insurance Expense d.)
606 Office Supplies Expense b.)
607 Store Supplies Expense c.)
608 Depreciation Expense-Office Furn. & Fixtures e.)
609 Depreciation Expense-Store Furn. & Fixtures e.)
610 Depreciation Expense-Office Equipment e.)
611 Depreciation Expense-Store Equipment e.)
612 Advertising Expense 150,000.00
613 Utilities Expense 120,500.00
614 Interest Expense g.)
615 Taxes and Licenses 52,000.00
616 Bad Debts Expense a.)
617 Income Tax Expense
TOTALS ₱16,248,550.80 ₱16,248,550.80
Net Income
ADJUS
Depreciation E
e.) F
Depreciation Expe
Depreciation Exp
Depreciation Exp
Merchandise Inven
TOTALS
ADJUSTING ENTRIES
280,000.00
11,490,000.00
47,000.00
75,300.00
₱11,892,300.00 ₱4,953,146.80 ₱4,604,610.80
₱11,543,764.00
₱348,536.00 ₱348,536.00
₱4,953,146.80 ₱4,953,146.80