Date Particular Ref Debit

April 1 Cash 1 0 0
C. Yamabe, Capital
Debit Credit
0 0
1 0 0 0 0
GENERAL JOURNAL
PAGE NUMBER GJ - 1
WITH EXPLANATIONS
Date Particular
June 1 Cash
M. Drews, Capital
Initial Investment

2 Equipment
Cash
Bought equipment

2 Merchandise Inventory
Accounts Payable
ABC Co., 2/10, n/30

3 Supplies
Cash
Bought supplies

4 Acounts Receivable
Sales
Sale on account, 2/10, n/30, FOB, Destination

Cost of Goods Sold

Merchandise Inventory
Cost of goods sold

5 Freight - out
Cash
Freight on June 4 sale

6 Accounts Payable
Merchandise Inventory
 Received credit from ABC Co. for merchandise
returned

11 Accounts Payable
Merchandise Inventory
Cash
Payment to ABC Co. on June 2 transaction
Ref Debit Credit
101 50,000.00
301 50,000.00

150 15,000.00
101 15,000.00

115 20,000.00
201 20,000.00

120 500.00
101 500.00

105 5,000.00
401 5,000.00

501 4,000.00
115 4,000.00

506 200.00
101 200.00

201 500.00
115 500.00
202 19,500.00
115 390.00
101 19,110.00
 EVENT PARTICIPANTS

AMBASSADOR/AMBASSADRESS OF GOODWILL Jhaztin Dolph Tan

Clarissa Marie Acain
NEXT TOP MODEL Alreah Lyka Namoco
Christine Rosario
SURVIVAL OF THE BRAINIEST Lyka Lucaban
Angel Sepe
Jeramiah Roble
JPIASIKLABAN Sheena Sambajon
Ericka Mahusay
Ricamay Robin
Mildred Crisostomo
Agnes Campehios
QUIZBOWL Ronnie De la Peña
Fearly Viovicente
Anecita Silmaro
Mildred Crisostomo
Ricamay Robin
SUDUKO Ericka Chua
GENERAL JOURNAL
PAGE NUMBER GJ - 2
WITH EXPLANATIONS
Date Particular
June 13 Cash
Sales Discount
Accounts Receivable
Collected from June 4 customer

14 Merchandise Inventory
Cash
Bought on merchandise on cash basis

15 Salaries
Cash
Salaries paid

16 Cash
Notes Payable
Promissory Note signed with DBP

17 Cash
Merchandise Inventory
Refund from supplier on June 14 transaction

18 Merchandise Inventory
Accounts Payable
Bought merchandise on account, 2/10, n/30,
FOB Shipping Point

20 Merchandise Inventory
Cash
Freight on June 18 purchase

23 Cash
 Sales
Cash sales

Cost of Goods Sold

Merchandise Inventory
Cost of goods sold
Ref Debit Credit
101 4,900.00
410 100.00
105 5,000.00

115 4,000.00
101 4,000.00

530 1,500.00
101 1,500.00

101 20,000.00
202 20,000.00

101 500.00
115 500.00

115 5,000.00
201 5,000.00

115 500.00
101 500.00

101 3,000.00
401 3,000.00

501 2,500.00
115 2,500.00
GENERAL JOURNAL
PAGE NUMBER GJ - 3
WITH EXPLANATIONS
Date Particular Ref
June 26 Merchandise Inventory 115
Cash 101
Bought merchandise on cash basis

27 Accounts Payable 201

Cash 101
Paid June 18 purchase

28 M. Drews, Drawing 302

Cash 101
Withdrawal for personal use

29 Sales Returns and Allowances 405

Cash 101
Refund to customer for defective goods

30 Accounts Receivables 105

Sales 401
Sales on account on terms n/30

Cost of Goods Sold 501

Merchandise Inventory 115
Cost of goods sold

30 Advertising 503
Utilities 540
Rent Expense 510
Salaries 530
Cash 101
Month - end payment of expenses
Debit Credit
5,000.00
5,000.00

2,500.00
2,500.00

1,000.00
1,000.00

300.00
300.00

12,500.00
12,500.00

10,000.00
10,000.00

1,000.00
500.00
1,000.00
2,000.00
4,500.00
 Account 101 Cash
Date Item Post Debit Credit
June 1 GJ - 1 50,000.00
2 GJ - 1 15,000.00
3 GJ - 1 500.00
5 GJ - 1 200.00
11 GJ - 1 19,110.00
13 GJ - 2 4,900.00
14 GJ - 2 4,000.00
15 GJ - 2 1,500.00
16 GJ - 2 20,000.00
17 GJ - 2 500.00
20 GJ - 2 500.00
23 GJ - 2 3,000.00
26 GJ - 3 5,000.00
27 GJ - 3 2,500.00
28 GJ - 3 1,000.00
29 GJ - 3 300.00
30 GJ - 3 4,500.00

Account 105 Accounts Receivables

Date Item Post Debit Credit
June 4 GJ - 1 5,000.00
13 GJ - 2 5,000.00
30 GJ - 3 12,500.00
 Account 115 Merchandise Inventory
Date Item Post Debit Credit
June 2 GJ - 1 20,000.00
4 GJ - 1 4,000.00
6 GJ - 1 500.00
11 GJ - 1 390.00
14 GJ - 2 4,000.00
17 GJ - 2 500.00
18 GJ - 2 5,000.00
20 GJ - 2 500.00
23 GJ - 2 2,500.00
26 GJ - 3 5,000.00
30 GJ - 3 10,000.00

Account 120 Supplies

Date Item Post Debit Credit
June 3 GJ - 1 500.00

Account 150 Equipment

Date Item Post Debit Credit
June 2 GJ - 1 15,000.00
 Account 201 Accounts Payable
Date Item Post Debit Credit
June 2 GJ - 1 20,000.00
6 GJ - 1 500.00
11 GJ - 1 19,500.00
18 GJ - 2 5,000.00
27 GJ - 3 2,500.00

Account 202 Notes Payable

Date Item Post Debit Credit
June 16 GJ - 2 20,000.00

Account 301 M. Drews, Capital

Date Item Post Debit Credit
June 16 GJ - 2 50,000.00

Account 302 M. Drews, Drawing

Date Item Post Debit Credit
June 28 GJ - 3 1,000.00
 Account 401 Sales
Date Item Post Debit Credit
June 4 GJ - 1 5,000.00
23 GJ - 2 3,000.00
30 GJ - 3 12,500.00

Account 405 Sales Returns and Allowances

Date Item Post Debit Credit
June 29 GJ - 3 300.00

Account 410 Sales Discounts

Date Item Post Debit Credit
June 13 GJ - 2 100.00

Account 510 Cost of Goods Sold

Date Item Post Debit Credit
June 4 GJ - 1 4,000.00
23 GJ - 2 2,500.00
30 GJ - 3 10,000.00
 Account 503 Advertising
Date Item Post Debit Credit
June 30 GJ - 3 1,000.00

Account 506 Freight - out

Date Item Post Debit Credit
June 5 GJ - 1 200.00

Account 510 Rent Expense

Date Item Post Debit Credit
June 30 GJ - 3 1,000.00

Account 530 Salaries

Date Item Post Debit Credit
June 15 GJ - 2 1,500.00
30 GJ - 3 2,000.00

Account 540 Utilities

Date Item Post Debit Credit
June 30 GJ - 3 500.00
 Cash
Balance
Debit Credit
50,000.00
35,000.00
34,500.00
34,300.00
15,190.00
20,090.00
16,090.00
14,590.00
34,590.00
35,090.00
34,590.00
37,590.00
32,590.00
30,090.00
29,090.00
28,790.00
24,290.00

ounts Receivables
Balance
Debit Credit
5,000.00
-
12,500.00
chandise Inventory
Balance
Debit Credit
20,000.00
16,000.00
15,500.00
15,110.00
19,110.00
18,610.00
23,610.00
24,110.00
21,610.00
26,610.00
16,610.00

Supplies
Balance
Debit Credit
500.00

Equipment
Balance
Debit Credit
15,000.00
ccounts Payable
Balance
Debit Credit
20,000.00
19,500.00
-
5,000.00
2,500.00

Notes Payable
Balance
Debit Credit
20,000.00

. Drews, Capital
Balance
Debit Credit
50,000.00

Drews, Drawing
Balance
Debit Credit
1,000.00
 Sales
Balance
Debit Credit
5,000.00
8,000.00
20,500.00

eturns and Allowances

Balance
Debit Credit
300.00

Sales Discounts
Balance
Debit Credit
100.00

st of Goods Sold
Balance
Debit Credit
4,000.00
6,500.00
16,500.00
 Advertising
Balance
Debit Credit
1,000.00

Freight - out
Balance
Debit Credit
200.00

Rent Expense
Balance
Debit Credit
1,000.00

Salaries
Balance
Debit Credit
1,500.00
3,500.00

Utilities
Balance
Debit Credit
500.00
 Lovely Breeze Co.
Trial Balance
June 30, 2018

Account Titles DR CR
101 Cash 24,290.00
105 Accounts Receivables 12,500.00
115 Merchandise Inventory 16,610.00
120 Supplies 500.00
150 Equipment 15,000.00
201 Accounts Payable 2,500.00
202 Notes Payable 20,000.00
301 Drews, Capital 50,000.00
302 Drews, Drawings 1,000.00
401 Sales 20,500.00
405 Sales Return and Allowances 300.00
410 Sales Discount 100.00
501 Cost of Goods Sold 16,500.00
503 Advertising 1,000.00
506 Freight - Out 200.00
510 Rent Expense 1,000.00
530 Salaries 3,500.00
540 Utilities 500.00
Total 93,000.00 93,000.00
B
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 Lovely Breeze Co.
Statement of Performance
For the Period Ended June 30, 2018

Net Sales 20,100.00

Less: Cost of Goods Sold 16,500.00
Gross Profit 3,600.00
Less: Operating Expenses
Advertising 1,000.00
Freight - out 200.00
Rent 1,000.00
Salaries 3,500.00
Utilities 500.00
Total Expenses 6,200.00
Net Profit/Loss - 2,600.00
 Lovely Breeze Co.
Statement of Equity
For the Period Ended June 30, 2018

M. Drews, Capital -
Initital Investment 50,000.00
Drawings - 1,000.00
Net Profit/Loss - 2,600.00
M. Drews, Capital June 30 46,400.00
 Lovely Breeze Co.
Statement of Financial Position Note:
June 30, 2018 Total Assets should be

Assets
Current Assets
Cash and Cash Equivalents 24,290.00
Receivables 12,500.00
Inventories 16,610.00
Prepaid Expenses 500.00
Total Current Assets 53,900.00

Non - current Assets

Property Plant and Equipment 15,000.00
Total Assets 68,900.00

Liabilities and Equity

Current Liabilities
Accounts Payable 2,500.00

Non - current Liabilities

Notes Payable 20,000.00
Total Liabilities 22,500.00

Owner's Capital 46,400.00

Total Liabilities and Equity 68,900.00
Total Assets should be EQUAL to total Liabilities and Equity.