Account: Cash

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Collection CRJ-1
Oct. 31 Payment CR-1
Oct. 31 Adjusting GJ-2

Account: Petty Cash

Date Explanation PR
Oct. 1 Beginning ✔

Account: Notes Receivable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Collection CRJ-1
Oct. 31 Returns GJ-1

Account: Interest Receivable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Collection CRJ-1
Oct. 31 Adjusting GJ-1

Account: Accounts Receivable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Sales SJ-1
Oct. 31 Collection CRJ-1
Oct. 31 Returns GJ-1
Oct. 31 Returns GJ-1
Oct. 31 Returns GJ-1
Oct. 31 Adjusting GJ-2

Account: Allowance for Uncollectibe Accounts

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Returns GJ-1
Oct. 31 Adjusting GJ-1

Account: Merchandise Inventory

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Closing GJ-2
Oct. 31 Closing GJ-2

Account: Supplies
Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1
Oct. 31 Adjusting GJ-1

Account: Prepaid Insurance

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Adjusting GJ-1

Account: Prepaid Rent

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Adjusting GJ-1

Account: Furniture and Fixtures

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Accumulated Depreciation - Furniture & Fixtures

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Adjusting GJ-1

Account: Equipment
Date Explanation PR
Oct. 1 Beginning ✔
 Account: Accumulated Depreciation - Equipment
Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Adjusting GJ-2

Account: Service Vehicle

Date Explanation PR
Oct. 1 Beginning ✔

Account: Accumulated Depreciation - Service Vehicle

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Adjusting GJ-2

Account: Rent Deposit

Date Explanation PR
Oct. 1 Beginning ✔

Account: Utilities Deposit

Date Explanation PR
Oct. 1 Beginning ✔

Account: Notes Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1

Account: Interest Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1

Account: Accounts Payable

Date Explanation PR

Account: Salaries Payable

 Date Explanation PR

Account: SSS and EC Contributions Payable

Date Explanation PR
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Philhealth Contributions Payable

Date Explanation PR
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Pag-IBIG Contributions Payable

Date Explanation PR
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Withholding Taxes Payable

Date Explanation PR
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Rent Payable

Date Explanation PR

Account: Utilities Payable

Date Explanation PR

Account: Value-Added Tax Payable

Date Explanation PR
Oct. 31 Returns GJ-1
Oct. 31 Purchase VR-1
 Account: Input VAT
Date Explanation PR
Oct. 31 Purchase VR-1
Oct. 31 Payment - Purchases Discounts CR-1
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1
Oct. 31 Returns GJ-1
Account: Accounts Payable
Date Explanation PR
Oct. 1 Beginning ✔

Account: SSS and EC Contributions Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Philhealth Contributions Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Pag-IBIG Contributions Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Withholding Taxes Payable

Date Explanation PR
Oct. 1 Beginning
Oct. 31 Purchase VR-1
Oct. 31 Purchase VR-1

Account: Value-Added Tax Payable

Date Explanation PR
Oct. 1 Beginning ✔
Oct. 31 Returns GJ-1
Oct. 31 Purchase VR-1
 Account No. 100 Account: Output VAT
Debit Credit Balance Date Explanation
284,368.92 284,368.92 Oct. 31 Sales
2,442,067.20 2,726,436.12 Oct. 31 Collection
1,842,050.80 884,385.32 Oct. 31 Collection
22,400 906,785.32 Oct. 31 Returns
Oct. 31 Returns

Account No. 101

Debit Credit Balance
16,000 16,000 Account: Vouchers Payable
Date Explanation
Oct. 1 Beginning
Account No. 110 Oct. 31 Purchase
Debit Credit Balance Oct. 31 Payment
240,000 240,000 Oct. 31 Cancellation of Voucher
240,000 0 Oct. 31 Purchase
33,600 33,600

Account No. 111

Debit Credit Balance Account: Therese Ballada, Capital
2,400 2,400 Date Explanation
2,400 0 Oct. 1 Beginning
134.40 134.40 Oct. 31 Closing
Oct. 31 Closing

Account No. 112

Debit Credit Balance Account: Therese Ballada, Withdrawals
313,600 313,600 Date Explanation
463,680 777,280 Oct. 31 Purchase
544,320 232,960 Oct. 31 Closing
4,480 228,480
33,600 194,880
6,720 188,160 Account: Income Summary
22,400 165,760 Date Explanation
Oct. 31 Closing
Oct. 31 Closing

Account No. 113

Debit Credit Balance
9,408 9,408 Account: Sales
 6,720 2,688 Date Explanation
4,771.20 7,459.20 Oct. 31 Sales
Oct. 31 Collection
Oct. 31 Closing
Account No. 120
Debit Credit Balance
871,200 871,200
700,360 1,571,560 Account: Sales Discounts
871,200 700,360 Date Explanation
Oct. 31 Collection
Account No. 130 Oct. 31 Closing
Debit Credit Balance
14,500 14,500
17,190 31,690 Account: Sales Returns and Allowances
22,190 9,500 Date Explanation
Oct. 31 Returns
Oct. 31 Closing

Account No. 140

Debit Credit Balance Account: Interest Income
12,750 12,750 Date Explanation
2,750 10,000 Oct. 31 Collection
Oct. 31 Adjusting
Oct. 31 Closing
Account No. 141
Debit Credit Balance
150,000 150,000 Account: Purchases
50,000 100,000 Date Explanation
Oct. 31 Purchase
Oct. 31 Closing
Account No. 150
Debit Credit Balance
650,000 650,000
36,000 686,000 Account: Transportation-In
10,000 676,000 Date Explanation
Oct. 31 Purchase
Oct. 31 Closing
rniture & Fixtures Account No. 151
Debit Credit Balance
74,250 74,250 Account: Purchases Discounts
7,605 81,855 Date Explanation
Oct. 31 Payment
Oct. 31 Closing
Account No. 152
Debit Credit Balance
735,000 735,000 Account: Purchases Returns and Allowances
Date Explanation
 Oct. 31 Purchase
Account No. 153 Oct. 31 Closing
Debit Credit Balance
134,500 134,500
12,250 146,750 Account: Advertising Expense
Date Explanation
Oct. 31 Purchase
Account No. 154 Oct. 31 Closing
Debit Credit Balance
410,000 410,000
Account: Supplies Expense
Date Explanation
Account No. 155 Oct. 31 Adjusting
Debit Credit Balance Oct. 31 Closing
33,000 33,000
5,500 38,500
Account: Insurance Expense
Date Explanation
Account No. 160 Oct. 31 Adjusting
Debit Credit Balance Oct. 31 Closing
150,000 150,000

Account: Rent Expense

Account No. 161 Date Explanation
Debit Credit Balance Oct. 31 Adjusting
18,500 18,500 Oct. 31 Closing

Account No. 200 Account: Utilities Expense

Debit Credit Balance Date Explanation
500,000 500,000 Oct. 31 Purchase
500,000 0 Oct. 31 Closing

Account No. 201 Account: Repairs and Maintenance Expense

Debit Credit Balance Date Explanation
16,166.67 16,166.67 Oct. 31 Purchase
16,166.67 0 Oct. 31 Closing

Account No. 202 Account: Salaries Expense

Debit Credit Balance Date Explanation
Oct. 31 Purchase
Oct. 31 Purchase
Oct. 31 Closing

Account No. 210 Account: SSS and EC Contributions Expense

 Debit Credit Balance Date Explanation
Oct. 31 Purchase
Oct. 31 Closing

Account No. 211 Account: Philhealth Contributions Expense

Debit Credit Balance Date Explanation
9,135.00 9,135 Oct. 31 Purchase
9,135 0 Oct. 31 Closing

Account: Pag-IBIG Contributions Expense

Account No. 212 Date Explanation
Debit Credit Balance Oct. 31 Purchase
4,780 4,780 Oct. 31 Closing
4,780 0

Account: Uncollectibe Accounts Expense

Date Explanation
Account No. 213 Oct. 31 Adjusting
Debit Credit Balance Oct. 31 Closing
900 900
900 0
Account: Depreciation Expense - Furniture and F
Date Explanation
Oct. 31 Adjusting
Account No. 214 Oct. 31 Closing
Debit Credit Balance
10,226.20 10,226.20
10,226.20 0 Account: Depreciation Expense - Equipment
Date Explanation
Oct. 31 Adjusting
Oct. 31 Closing
Account No. 220
Debit Credit Balance
Account: Depreciation Expense - Service Veh
Date Explanation
Oct. 31 Adjusting
Account No. 221 Oct. 31 Closing
Debit Credit Balance

Account: Miscellaneous Expense

Date Explanation
Account No. 230 Oct. 31 Purchase
Debit Credit Balance Oct. 31 Closing
136,436.40 136,436
136,436.40 0
 Account: Interest Expense
Date Explanation
Account No. 230-1 Oct. 31 Purchase
Debit Credit Balance Oct. 31 Closing
93,598.80 93,598.80
1,248 92,350.80
1,200 91,150.80
1,200 89,950.80
89,950.80 0
 Account No. 202
Debit Credit Balance
432,320 432,320

Account No. 211

Debit Credit Balance
28,690 28,690
9,135.00 37,825.0
9,135 28,690

Account No. 212

Debit Credit Balance
9,560 9,560
 4,780 14,340
4,780 9,560

Account No. 213

Debit Credit Balance
1,800 1,800
900 2,700
900 1,800

Account No. 214

Debit Credit Balance
10,226.20 10,226.20
10,226.20 20,452.40
10,226.20 10,226.20

Account No. 230

Debit Credit Balance
63,003 63,003
136,436.40 199,439.40
136,436.40 63,003
 Account No. 230-2
nation PR Debit Credit Balance
SJ-1 49,680 49,680
CRJ-1 676.80 49,003.20
CRJ-1 177,864 226,867.20
GJ-1 480 226,387.20
GJ-1 226,387.20 0

Account No. 240

nation PR Debit Credit Balance
✔ 545,599.20 545,599.20
VR-1 2,059,943.80 2,605,543
CR-1 1,853,698.80 751,844.20
her VR-1 219,520 532,324.20
VR-1 136,436.40 668,760.60

Account No. 300

nation PR Debit Credit Balance
✔ 2,555,395.05 2,555,395.05
GJ-3 637,919.87 3,193,314.92
GJ-3 205,000 2,988,314.92

a, Withdrawals Account No. 301

nation PR Debit Credit Balance
VR-1 205,000 205,000
GJ-3 205,000 0

Account No. 302

nation PR Debit Credit Balance
GJ-2 637,919.87 637,919.87
GJ-3 637,919.87 0

Account No. 400

nation PR Debit Credit Balance
SJ-1 414,000 414,000
CRJ-1 1,482,200 1,896,200
GJ-2 1,896,200 0

Account No. 401

nation PR Debit Credit Balance
CRJ-1 5,640 5,640
GJ-2 5,640 0

nd Allowances Account No. 402

nation PR Debit Credit Balance
GJ-1 4,000 4,000
GJ-2 4,000 0

Account No. 410

nation PR Debit Credit Balance
CRJ-1 1,600 1,600
GJ-1 134.40 1,734.40
GJ-2 1,734.40 0

Account No. 500

nation PR Debit Credit Balance
VR-1 684,400 684,400
GJ-2 684,400 0

Account No. 501

nation PR Debit Credit Balance
VR-1 4,000 4,000
GJ-2 4,000 0

Account No. 502

nation PR Debit Credit Balance
CR-1 10,400 10,400
GJ-2 10,400 0

s and Allowances Account No. 503

nation PR Debit Credit Balance
 VR-1 10,000 10,000
GJ-2 10,000 0

Account No. 600

nation PR Debit Credit Balance
VR-1 8,000 8,000
GJ-2 8,000 0

Account No. 601

nation PR Debit Credit Balance
GJ-1 22,190 22,190
GJ-2 22,190 0

Account No. 602

nation PR Debit Credit Balance
GJ-1 2,750 2,750
GJ-2 2,750 0

Account No. 603

nation PR Debit Credit Balance
GJ-1 50,000 50,000
GJ-2 50,000 0

Account No. 604

nation PR Debit Credit Balance
VR-1 22,300 22,300
GJ-2 22,300 0

tenance Expense Account No. 605

nation PR Debit Credit Balance
VR-1 7,400 7,400
GJ-2 7,400 0

Account No. 610

nation PR Debit Credit Balance
VR-1 119,500 119,500
VR-1 119,500 239,000
GJ-2 239,000 0

ibutions Expense Account No. 611

nation PR Debit Credit Balance
VR-1 19,555 19,555
GJ-2 19,555 0

butions Expense Account No. 612

nation PR Debit Credit Balance
VR-1 4,780 4,780
GJ-2 4,780 0

butions Expense Account No. 613

nation PR Debit Credit Balance
VR-1 900 900
GJ-2 900 0

counts Expense Account No. 620

nation PR Debit Credit Balance
GJ-1 4,771.20 4,771.20
GJ-2 4,771.20 0

nse - Furniture and Fixtures Account No. 630

nation PR Debit Credit Balance
GJ-1 7,605 7,605
GJ-2 7,605 0

ense - Equipment Account No. 631

nation PR Debit Credit Balance
GJ-2 12,250 12,250
GJ-2 12,250 0

xpense - Service Vehicle Account No. 632

nation PR Debit Credit Balance
GJ-2 5,500 5,500
GJ-2 5,500 0

Account No. 640

nation PR Debit Credit Balance
VR-1 700 700
GJ-2 700 0
 Account No. 650
nation PR Debit Credit Balance
VR-1 3,833.33 3,833.33
GJ-2 3,833.33 0
 GENERAL JOURNAL
Date
2023
Oct. 4

19

31

31

a.

b.

e
f

g
 GENERAL JOURNAL
Accounts Titles and Explanation PR

Sales Returns and Allowances 402

Output Tax 230-2
Accounts Receivable - Selisana Garments 112
to record the issued credit memo (Allowance for defects in merchandise)

Notes Receivable 110

Accounts Receivable - Calamba Commercial 112
to record the settlement of the open account

Allowance for Uncollectible Accounts 113

Accounts Receivable (Tresma Mata Store) 112
to record uncollectible accounts

Output Tax 230-2

Input Tax 230-1
Value-Added Tax Payable 230
to record the value-added taxes payable

ADJUSTMENTS:

Interest Receivable 111

Interest Income 410
to recognize …

Uncollectible Accounts Expense 620

Allowance for Uncollectible Accounts 113
to recognize …

Supplies Expense 601

Supplies 130
to recognize …

Insurance Expense 602

Prepaid Insurance 140
to recognize …

Rent Expense 603

 Prepaid Rent 141
to recognize …

Depreciation Expense - Furniture and Fixtures 630

Accumulated Depreciation - Furniture and Fixtures 151

Depreciation Expense - Equipment 631

Accumulated Depreciation - Equipment 153

Depreciation Expense - Service Vehicle 632

Accumulated Depreciation - Service Vehicle 155
to recognize …

Cash 100
Accounts Receivable 112
to recognize …

CLOSING ENTRIES:

Merchandise Inventory 120

Sales 400
Interest Income 410
Purchases Discounts 502
Purchases Returns and Allowances 503
Merchandise Inventory 120
Sales Discounts 401
Sales Returns and Allowances 402
Purchases 500
Transportation-In 501
Advertising Expense 600
Supplies Expense 601
Insurance Expense 602
Rent Expense 603
Utilities Expense 604
Repairs and Maintenance Expense 605
Salaries Expense 610
SSS and EC Contributions Expense 611
Philhealth Contributions Expense 612
Pag-IBIG Contributions Expense 613
Uncollectible Accounts Expense 620
Depreciation Expense - Furnitures and Fixtures 630
Depreciation Expense - Equipment 631
Depreciation Expense - Service Vehicle 632
 Miscellaneous Expense 640
Interest Expense 650
Income Summary 302
to close temporary accounts

Income Summary 302

Therese Ballada, Capital 300

Therese Ballada, Capital 300

Therese Ballada, Withdrawals 301
 Debit Credit

4,000 Sales Returns and Allowances (w/o VAT) = 4,480 / 1.12 = 4,000
480
4,480 006,

33,600
33,600 007,

6,720
6,720 002,

226,387.20
89,950.80
136,436.40

134.40 33,600 (Notes Receivable) x 12% (October 19 transaction details) = 4

134.40 4,032 / 30 = 134.40

4,771.20
4,771.20

22,190 31,690 (Supplies) - 9,500 (Supplies on hand as at Oct. 31) = Php 22,1
22,190

2,750
2,750

50,000 150,000 (Prepaid Rent Balance) / 3 month period = 50,000

 50,000

7,605
7,605

12,250 [(485,000 - 97,000) / 4] / 12 + [(250,000 - 50,000) / 4] / 12 = 12,250

12,250

5,500 [(410,000 - 80,000) / 5] / 12 = 5,500

5,500

22,400 Del Mundo's outstanding account = 22,400

22,400

700,360
1,896,200
1734.40
10,400
10,000
871,200
5,640
4,000
684,400
4,000
8,000
22,190
2,750
50,000
22,300
7,400
239,000
19,555
4,780
900
4,771.20
7,605
12,250
5,500
 700
3,833.33
637,919.87

637,919.87
637,919.87

205,000
205,000
4,480 / 1.12 = 4,000 Output Tax = 4,480 - 4,000 = 480

19 transaction details) = 4,032

d as at Oct. 31) = Php 22,190

period = 50,000
50,000) / 4] / 12 = 12,250
 NOTE: ARRANGE BY DATE
SALES ON DEBIT SIDE ADDED TO THE BALANCE CREDIT SIDE MINUS

Client: Cardenas Marketing Customer No. 001

Address: Calle Instituto, San Marcelino St., Manila
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
1 Sales SJ-1 56,000
19 Collection CRJ-1 17,920
30 Collection CRJ-1 56,000

Client: Tresma Mata Store Customer No. 002

Address: Panelo St., Pasay City
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
31 Returns GJ-1 6,720

Client: Del Mundo Shirts Station Customer No. 003

Address: Casa Galicano, Capitol Site, Manila
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
1 Collection CRJ-1 89,600
4 Sales SJ-1 22,400
31 Adjusting GJ-1 22,400

Client: Marasigan Enterprises Customer No. 004

Address: San Pablo St., Quezon City
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
12 Collection CRJ-1 78,400
19 Sales SJ-1 64,960
31 Collection CRJ-1 64,960

Client: Modesto Bargain House Customer No. 005

Address: Araullo St., Quezon City
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
8 Collection CRJ-1 26,880
 12 Sales SJ-1 53,760
22 Collection CRJ-1 53,760
29 Sales SJ-1 89,600

Client: Selisana Garments Customer No. 006

Address: Fuente Osmena St., Makati City
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
4 Returns GJ-1 4,480
5 Collection CRJ-1 44,800
16 Sales SJ-1 100,800
26 Collection CRJ-1 100,800

Client: Calamba Commercial Customer No. 007

Address: Stephanie St., Quezon City
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance ✔
8 Collection CRJ-1 11,200
19 Returns GJ-1 33,600

Client: Feliciano Outfitters Customer No. 008

Address:
Date Explanation Post Ref. Debit Credit
Oct. 31 Sales SJ-1 76,160
IT SIDE MINUS

Customer No. 001

Balance
17,920
73,920
56,000
0

Customer No. 002

Balance
6,720
0

Customer No. 003

Balance
89,600
0
22,400
0

Customer No. 004

Balance
78,400
0
64,960
0

Customer No. 005

Balance
26,880
0
 53,760
0
89,600

Customer No. 006

Balance
49,280
44,800
0
100,800
0

Customer No. 007

Balance
44,800
33,600
0

Customer No. 008

Balance
76,160
 DON'T FORGET THE PESO SIGN IN THE AMOUNT COLUMN

COPY X2

Sales Invoice
Sold To Cardenas Marketing Date
Address Calle Instituto, San Marcelino St., Manila Terms

Qty. Unit Description Unit Price

500 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Cardena

COPY X2

Sales Invoice
Sold To Del Mundo Shirts Station Date
Address Casa Galicano, Capitol Site, Manila Terms

Qty. Unit Description Unit Price

200 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Del Mundo

COPY X2

Sales Invoice
Sold To Modesto Bargain House Date
Address Araullo St., Quezon City Terms

Qty. Unit Description Unit Price

480 Pcs. Shirt 112
 Total Sales
VAT
Total

Received the above g

Modesto B

COPY X2

Sales Invoice
Sold To Selisana Garments Date
Address Fuente Osmena St., Makati City Terms

Qty. Unit Description Unit Price

1,000 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Selisana

COPY X2

Sales Invoice
Sold To Marasigan Enterprises Date
Address San Pablo St., Quezon City Terms

Qty. Unit Description Unit Price

580 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Marasigan

COPY X2
 Sales Invoice
Sold To Modesto Bargain House Date
Address Araullo St., Quezon City Terms

Qty. Unit Description Unit Price

800 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Modesto B

COPY X2

Sales Invoice
Sold To Feliciano Outfitters Date
Address Terms

Qty. Unit Description Unit Price

680 Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

Feliciano

Sales Invoice
Sold To Date
Address Terms

Qty. Unit Description Unit Price

Pcs. Shirt 112
Total Sales
VAT
Total

Received the above g

 No. 0254

October 1, 2023.
2/10, n/30

Amount
56,000
50,000
6,000
56,000

Received the above goods in good condition.

Cardenas Marketing
Customer's Signature

No. 0255

October 4, 2023.
2/10, n/30

Amount
22,400
20,000
2,400
22,400

Received the above goods in good condition.

Del Mundo Shirts Station
Customer's Signature

No. 0256

October 12, 2023.

2/10, n/30

Amount
53,760
 48,000
5,760
53,760

Received the above goods in good condition.

Modesto Bargain House
Customer's Signature

No. 0257

October 16, 2023.

2/10, n/30

Amount
100,800
90,000
10,800
100,800

Received the above goods in good condition.

Selisana Garments
Customer's Signature

No. 0258

October 19, 2023.

2/10, n/30

Amount
64,960
58,000
6,960
64,960

Received the above goods in good condition.

Marasigan Enterprises
Customer's Signature

No. 0259
 October 29, 2023.
2/10, n/30

Amount
89,600
80,000
9,600
89,600

Received the above goods in good condition.

Modesto Bargain House
Customer's Signature

No. 0260

October 31, 2023.

2/10, n/30

Amount
76,160
68,000
8,160
76,160

Received the above goods in good condition.

Feliciano Outfitters
Customer's Signature

No. 025

October , 2023.
2/10, n/30

Amount

Received the above goods in good condition.

Customer's Signature
 SALES JOURNAL

Date Sales Invoice No. Account Debited Post. Ref.

Oct. 1 254 Cardenas Marketing ✔
Oct. 4 255 Del Mundo Shirts Station ✔
Oct. 12 256 Modesto Bargain House ✔
Oct. 16 257 Selisana Garments ✔
Oct. 19 258 Marasigan Enterprises ✔
Oct. 29 259 Modesto Bargain House ✔
Oct. 31 260 Feliciano Outfitters ✔

Total
OURNAL
Debit Credits
Accounts Receivable Output Tax Sales
56,000 6,000 50,000 Sales (w/o VAT) = 56,000 / 1.12 = 50,000
22,400 2,400 20,000 Sales (w/o VAT) = 22,400 / 1.12 = 20,000
53,760 5,760 48,000 Sales (w/o VAT) = 53,760 / 1.12 = 48,000
100,800 10,800 90,000 Sales (w/o VAT) = 100,800 / 1.12 = 90,000
64,960 6,960 58,000 Sales (w/o VAT) = 64,960 / 1.12 = 58,000
89,600 9,600 80,000 Sales (w/o VAT) = 89,600 / 1.12 = 80,000
76,160 8,160 68,000 Sales (w/o VAT) = 76,160 / 1.12 = 68,000

463,680 49,680 414,000

(112). (230-2) (400).
463,680 463,680
,000 / 1.12 = 50,000 Output Tax = 56,000 - 50,000 = 6,000
,400 / 1.12 = 20,000 Output Tax = 22,400 - 20,000 = 2,400
,760 / 1.12 = 48,000 Output Tax = 53,760 - 48,000 = 5,760
0,800 / 1.12 = 90,000 Output Tax = 100,800 - 90,000 = 10,800
,960 / 1.12 = 58,000 Output Tax = 64,960 - 58,000 = 6,960
,600 / 1.12 = 80,000 Output Tax = 89,600 - 80,000 = 9,600
,160 / 1.12 = 68,000 Output Tax = 76,160 - 68,000 = 8,160
 Payment for:
Invoice No. Amount
246 P 89,600

Form of Payment: Received from

Cash P 87,808 the sum of
Check in full/partial payment of
Date October 1, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
249 P 44,800

Form of Payment: Received from

Cash P 43,904 the sum of
Check in full/partial payment of
Date October 5, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
251 P 26,880

Form of Payment: Received from

Cash P 26,342.40 the sum of
Check (P 26,342.40).
Date October 8, 2023.
Check No.
Bank
 Payment for:
Invoice No. Amount
230 P 11,200

Form of Payment: Received from

Cash P 11,200 the sum of
Check in full/partial payment of
Date October 8, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
235 P 78,400

Form of Payment: Received from

Cash P 78,400 the sum of
Check in full/partial payment of
Date October 12, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
244 P 17,920

Form of Payment: Received from

Cash P 17,920 the sum of
Check in full/partial payment of
Date October 19, 2023.
Check No.
Bank

Payment for:
 Invoice No. Amount
256 P 53,760

Form of Payment: Received from

Cash P 52,684.8 the sum of
Check (P 52,684.80).
Date October 22, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
P 244,000

Form of Payment: Received from

Cash P 244,000 the sum of
Check in full/partial payment of
Date October 24, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
257 P 100,800

Form of Payment: Received from

Cash P 98,784 the sum of
Check in full/partial payment of
Date October 26, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
254 P 56,000
 Form of Payment: Received from
Cash P 56,000 the sum of
Check in full/partial payment of
Date October 30, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
258 P 64,960

Form of Payment: Received from

Cash P 64,960 the sum of
Check in full/partial payment of
Date October 31, 2023.
Check No.
Bank

Payment for:
Invoice No. Amount
P

Form of Payment: Received from

Cash P the sum of
Check in full/partial payment of
Date
Check No.
Bank
 No. 0232
Official Receipt

Date October 1, 2023.

Del Mundo Shirts Station of

eighty-seven thousand eight hundred eight pesos (P _____ 87,808 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0233
Official Receipt

Date October 5, 2023.

Selisana Garments of
forty-three thousand nine hundred four pesos (P _____ 43,904 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0234
Official Receipt

Date October 8, 2023.

Modesto Bargain House of

twenty-six thousand three hundred forty-two and forty centavos
in full/partial payment of Shirts

By:
Esterlina Gevara
Authorized Signature
 No. 0235
Official Receipt

Date October 8, 2023.

Calamba Commercial of
eleven thousand two hundred pesos (P _____ 11,200 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0236
Official Receipt

Date October 12, 2023.

Marasigan Enterprises of
seventy-eight thousand four hundred pesos (P _____ 78,400 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0237
Official Receipt

Date October 19, 2023.

Cardenas Marketing of
seventeen thousand nine hundred twenty pesos (P _____ 17,920 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0238
 Official Receipt

Date October 22, 2023.

Modesto Bargain House of

fifty-two thousand six hundred eighty-four and eighty centavos
in full/partial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0239
Official Receipt

Date October 24, 2023.

Mataguinas Sales of
two hundred forty-four thousand pesos (P _____ 244,000 ________)
tial payment of Note

By:
Esterlina Gevara
Authorized Signature

No. 0240
Official Receipt

Date October 26, 2023.

Selisana Garments of
ninety-eight thousand seven hundred eighty-four pesos ( P 98,784)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0241
Official Receipt
 Date October 30, 2023.

Cardenas Marketing of
fifty-six thousand​​pesos (P _____ 56,000 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 0242
Official Receipt

Date October 31, 2023.

Marasigan Enterprises of
sixty-four thousand nine hundred sixty pesos (P _____ 64,960 ________)
tial payment of Shirts

By:
Esterlina Gevara
Authorized Signature

No. 024
Official Receipt

Date

of
(P _____ ________)
tial payment of

By:
Esterlina Gevara
Authorized Signature
NOTE: The Peso Sign

Date O.R. No. Description

Oct. 1 232 Del Mundo Shirts Station
Oct. 5 233 Selisana Garments
Oct. 8 Cash Sales
Oct. 8 234 Modesto Bargain House
Oct. 8 235 Calamba Commercial
Oct. 12 236 Marasigan Enterprises
Oct. 15 Cash Sales
Oct. 19 237 Cardenas Marketing
Oct. 22 Cash Sales
Oct. 22 238 Modesto Bargain House
Oct. 24 239 Mataguinas Sales

Oct. 26 240 Selisana Garments

Oct. 30 241 Cardenas Marketing
Oct. 31 Cash Sales
Oct. 31 242 Marasigan Enterprises
Total
 CASH RECEIPTS JOURNAL
Debits Credits
Sales Accounts
Cash Output Tax Discounts Receivable Output Tax Sales
87,808 192 1,600 89,600
43,904 96 800 44,800
418,432 44,832 373,600
26,342.40 57.60 480 26,880
11,200 11,200
78,400 78,400
344,960 36,960 308,000
17,920 17,920
328,720 35,220 293,500
52,684.80 115.20 960 53,760
244,000

98,784 216 1,800 100,800

56,000 56,000
567,952 60,852 507,100
64,960 64,960
2,442,067.20 676.80 5,640 544,320 177,864 1,482,200
(100). (230-2). (401). (112). (230-2). (400).
2,448,384 2,448,384
 Credits
Other Accounts
Account Title F Amount
Sales Discounts (w/o VAT) = 1,792 / 1.12 = 1,600
Sales Discounts (w/o VAT) = 896 / 1.12 = 800
Sales (w/o VAT) = 418,432 / 1.12 = 373,600
Sales Discounts (w/o VAT) = 537.60 / 1.12 = 480

Sales (w/o VAT) = 344,960 / 1.12 = 308,000

Sales (w/o VAT) = 328,720 / 1.12 = 293,500

Sales Discounts (w/o VAT) = 1,075.20 / 1.12 = 960
Notes Receivable 110 240,000
Interest Receivable 111 2,400
Interest Income 410 1,600
Sales Discounts (w/o VAT) = 2,016 / 1.12 = 1,800

Sales (w/o VAT) = 567,952 / 1.12 = 507,100

244,000

2,448,384
Output Tax = 1,792 - 1,600 = 192
Output Tax = 896 - 800 = 96
Output Tax = 418,432 - 373,600 = 44,832
Output Tax = 537.60 - 480 = 57.60

Output Tax = 344,960 - 308,000 = 36,960

Output Tax = 328,720 - 293,500 = 35,220

Output Tax = 1,075.2 - 960 = 115.20

Output Tax = 2,016 - 1,800 = 216

Output Tax = 567,952 - 507,100 = 60,852

COPY X2
Kashato Shirts

Payee Blanche Manufacturing Company

Address 88 7th Avenue, Grace Park, Kalookan City

Particulars
Personalized Pastel T-shirts

Account Distribution:
Account Title Debit Credit
Purchases 160,000
Input Tax 19,200
Vouchers Payable 179,200

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Tria Forwarders

Address 20 Bataan St., Little Baguio, San Juan City

Particulars
11 cartons said to contain T-shirts

Account Distribution:
Account Title Debit Credit
Transortation-In 1,000
Input Tax 120
 Vouchers Payable 1,120

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Salvador Services

Address 35 Gold St., Mandaluyong City

Particulars
Computer Repairs

Account Distribution:
Account Title Debit Credit
Repairs and Maintenance Expense 2,400
Input Tax 288
Vouchers Payable 2,688

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Manalo Shirt Factory

Address 143 Elisa Diaz St., Balagtas Heights, Quezon City

Particulars
Fits-U Pastel T-shirts

Account Distribution:
 Account Title Debit Credit
Purchases 20,400
Input Tax 2,448
Vouchers Payable 22,848

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Blanche Manufacturing Company

Address 88 7th Avenue, Grace Park, Kalookan City

Particulars
Returned Defective T-shirts

Account Distribution:
Account Title Debit Credit
Vouchers Payable 179,200
Purchases Returns and Allowances 10,000
Input Tax 1,200
Vouchers Payable 168,000

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Medina Office Systems

Address Stall 9 Ground Level, Matina Mall Mandaluyong City

Particulars
Executive Desk
Executive Chair
 Account Distribution:
Account Title Debit Credit
Furniture and Fixtures 36,000
Input Tax 4,320
Vouchers Payable 40,320

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee
Address

Particulars
Semi-monthly payroll

Account Distribution:
Account Title Debit Credit
Salaries Expense 119,500
SSS and EC Contributions Payable 4,567.50
Philhealth Contributions Payable 2,390
Pag-IBIG Contributions Payable 450
Withholding Taxes Payable 5,113.10
Vouchers Payable 106,979.40

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Geron Merchandising

Address 21 Calle Norte, Panghulo, Malabon
 Particulars
Various Supplies

Account Distribution:
Account Title Debit Credit
Supplies 6,000
Input Tax 720
Vouchers Payable 6,720

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Bisana Marketing

Address 748 Caceres St., Cebu City

Particulars
Colorific T-shirts

Account Distribution:
Account Title Debit Credit
Purchases 120,000
Input Tax 14,400
Vouchers Payable 134,400

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts
 Payee Medina Office Systems
Address Stall 9 Ground Level, Matina Mall Mandaluyong City

Particulars
Defective Executive Chair

Account Distribution:
Account Title Debit Credit
Vouchers Payable 40,320
Furniture and Fixtures 10,000
Input Tax 1,200
Vouchers Payable 29,120

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Andam Repairs

Address 43 Lakambini St., MSU Arcade, Las Pinas City

Particulars
Equipment Repairs

Account Distribution:
Account Title Debit Credit
Repairs and Maintenance Expense 5,000
Input Tax 600
Vouchers Payable 5,600

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar
COPY X2
Kashato Shirts

Payee Camiseria Palaganas

Address 828 Urdaneta St., Quezon City

Particulars
Nice Essential Shirts

Account Distribution:
Account Title Debit Credit
Purchases 100,000
Input Tax 12,000
Vouchers Payable 112,000

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Galang Freight Services

Address 70 Daraga St., Cebu City

Particulars
9 cartons said to contain T-shirts

Account Distribution:
Account Title Debit Credit
Transportation-In 3,000
Input Tax 360
Vouchers Payable 3,360

Prepared By: Certified Correct By:

 Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Doña Deogracia Corpuz Development Bank

Address

Particulars
Payment to Notes Payable

Account Distribution:
Account Title Debit Credit
Notes Payable 500,000
Interest Payable 16,166.67
Interest Expense 3,833.33
Vouchers Payable 520,000

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Gamba Supplies

Address 77 San Agustin St., Mandurriao District, Manila

Particulars
Various Supplies

Account Distribution:
Account Title Debit Credit
Supplies 6,340
Input Tax 760.80
Vouchers Payable 7,100.80
 Prepared By: Certified Correct By:
Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Burgos Shirts

Address 21 Lipa St., Malarayat Heights, Quezon City

Particulars
Suits Your Attitude T-shirts

Account Distribution:
Account Title Debit Credit
Purchases 100,000
Input Tax 12,000
Vouchers Payable 112,000

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Blanche Manufacturing Company

Address 88 7th Avenue, Grace Park, Kalookan City

Particulars
Personalized Pastel T-shirts

Account Distribution:
Account Title Debit Credit
Purchases 184,000
 Input Tax 22,080
Vouchers Payable 206,080

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Therese Ballada

Address

Particulars
Therese Ballada, Withdrawals

Account Distribution:
Account Title Debit Credit
Therese Ballada, Withdrawals 160,000
Vouchers Payable 160,000

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Winston Apalisoc

Address

Particulars
Petty Cash Fund
 Account Distribution:
Account Title Debit Credit
Supplies 4,850
Input Tax 582
Miscellaneous Expense 700
Input Tax 84
Vouchers Payable 6,216

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee KB Arizona Building Association

Address 838 P. Campa St. Sampaloc, Manila

Particulars
Paid Electricity Bill - Meralco

Account Distribution:
Account Title Debit Credit
Vouchers Payable 16,800
Cash 16,800

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee KB Arizona Building Association

Address 838 P. Campa St. Sampaloc, Manila

Particulars
Paid Utilities Bill - Mabuhay Philippines Telephone Company
 Account Distribution:
Account Title Debit Credit
Vouchers Payable 8,176
Cash 8,176

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee People's Journal

Address Port Area, Manila

Particulars
Periodic Billings for Media Placements - Oct. 2023

Account Distribution:
Account Title Debit Credit
Vouchers Payable 8,960
Cash 8,960

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee
Address
 Particulars
Payment of semi-monthly payroll

Account Distribution:
Account Title Debit Credit
Salaries Expense 119,500
SSS and EC Contributions Payable 4,567.50
Philhealth Contributions Payable 2,390
Pag-IBIG Contributions Payable 450
Withholding Taxes Payable 5,113.10
Vouchers Payable 106,979.40

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Social Security System

Address

Particulars
SSS, EC, and WISP Contributions

Account Distribution:
Account Title Debit Credit
employer share SSS and EC Contributions Expense 19,555
employee share SSS and EC Contributions Payable 9,135
Vouchers Payable 28,690

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts
 Payee Philippine Health Insurance Corporation
Address

Particulars
PhilHealth Contributions

Account Distribution:
Account Title Debit Credit
Philhealth Contributions Expense 4,780
Philhealth Contributions Payable 4,780
Vouchers Payable 9,560

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Pag-IBIG Fund

Address

Particulars
Pag-IBIG Contributions

Account Distribution:
Account Title Debit Credit
Pag-IBIG Contributions Expense 900
Pag-IBIG Contributions Payable 900
Vouchers Payable 1,800

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar
COPY X2
Kashato Shirts

Payee Bureau of Internal Revenue

Address

Particulars
Withholding Taxes on Salaries

Account Distribution:
Account Title Debit Credit
Withholding Taxes Payable 10,226.20
Vouchers Payable 10,226.20

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Therese Ballada

Address

Particulars
Therese Ballada, Withdrawals

Account Distribution:
Account Title Debit Credit
Therese Ballada, Withdrawals 45,000
Vouchers Payable 45,000
 Prepared By: Certified Correct By:
Lorna Galvez Rey Fernan Refozar

COPY X2
Kashato Shirts

Payee Bureau of Internal Revenue

Address

Particulars
Value-Added Taxes Payable

Account Distribution:
Account Title Debit Credit
Value-Added Tax Payable 136,436.40
Vouchers Payable 136,436.40

Prepared By: Certified Correct By:

Lorna Galvez Rey Fernan Refozar

Kashato Shirts

Payee
Address

Particulars

Account Distribution:
Account Title Debit Credit
Prepared By: Certified Correct By:
Lorna Galvez Rey Fernan Refozar
 PESO SIGN
CONFIRM IF THERE ARE SIGNATORIES IF NOT PAID

Voucher No. 0205

Date October 2, 2023.

okan City

ars Amount
179,200

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0206

Date October 2, 2023.

Juan City

ars Amount
1,120

Received from Kashato Shirts the amount of

one thousand one hundred twenty
pesos.
 Bank BPI Check No. 081191,
Payment Received By: Tria Forwarders

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0207

Date October 4, 2023.

ars Amount
2,688

Received from Kashato Shirts the amount of

two thousand six hundred eighty-eight
pesos.
Bank BPI Check No. 081193,
Payment Received By: Salvador Services

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0208

Date October 5, 2023.

hts, Quezon City

ars Amount
22,848
 Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0209

Date October 5, 2023.

okan City

ars Amount
11,200

Received from Kashato Shirts the amount of

pesos. 11,200 divide 1.12 = 10,000

Bank Check No. 10,000 times 12% = 1,200
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0210

Date October 12, 2023.

Mandaluyong City

ars Amount
26,000
10,000
 Total Due 40,320

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0211

Date October, 15, 2023.

ars Amount
106,979.40

Received from Kashato Shirts the amount of

one hundred six thousand nine hundred seventy-nine
and forty centavos pesos.
Bank BPI Check No. 081199,
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0212

Date October 15, 2023.

n
ars Amount
6,720

Received from Kashato Shirts the amount of

six thousand seven hundred twenty
pesos.
Bank BPI Check No. 081200,
Payment Received By: Geron Merchandising

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0213

Date October 16, 2023.

ars Amount
134,400

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0214

 Date October 17, 2023.
Mandaluyong City

ars Amount
11,200

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0215

Date October 18, 2023.

as Pinas City

ars Amount
5,600

Received from Kashato Shirts the amount of

five thousand six hundred
pesos.
Bank BPI Check No. 081204,
Payment Received By: Andam Repairs

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada
 Voucher No. 0216

Date October 20, 2023.

ars Amount
112,000

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0217

Date October 22, 2023.

ars Amount
3,360

Received from Kashato Shirts the amount of

three thousand three hundred sixty
pesos.
Bank BPI Check No. 081205,
Payment Received By: Galang Freight Services

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0218

ment Bank Date October 23, 2023.

ars Amount
520,000

Received from Kashato Shirts the amount of

five hundred twenty thousand
pesos.
Bank BPI Check No. 081206,
Payment Received By: Doña Deogracia Corpuz
Development Bank

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0219

Date October 23, 2023.

istrict, Manila

ars Amount
7,100.80

Received from Kashato Shirts the amount of

seven thousand one hundred and eighty centavos
pesos.
Bank BPI Check No. 081207,
Payment Received By: Gamba Supplies
tified Correct By: Approved By:
ey Fernan Refozar Therese Ballada

Voucher No. 0220

Date October 24, 2023.

uezon City

ars Amount
112,000

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0221

Date October 26, 2023.

okan City

ars Amount
206,080

Received from Kashato Shirts the amount of

 pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0222

Date October 29, 2023.

ars Amount
160,000

Received from Kashato Shirts the amount of

one hundred sixty thousand
pesos.
Bank BPI Check No. 081211,
Payment Received By: Therese Ballada

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0223

Date October 29, 2023.

ars Amount
6,216
 Received from Kashato Shirts the amount of
six thousand two hundred sixteen​​
pesos.
Bank BPI Check No. 081212,
Payment Received By: Winston Apalisoc

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0224

Date October 30, 2023.

nila

ars Amount
16,800

Received from Kashato Shirts the amount of

sixteen thousand eight hundred
pesos.
Bank BPI Check No. 081213,
Payment Received By: KB Arizona Building Association

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0225

Date October 30, 2023.

nila

ars Amount
e Company 8,176
 Received from Kashato Shirts the amount of
eight thousand one hundred seventy-six
pesos.
Bank BPI Check No. 081214,
Payment Received By: KB Arizona Building Association

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0226

Date October 30, 2023.

ars Amount
3 8,960

Received from Kashato Shirts the amount of

eight thousand nine hundred sixty
pesos.
Bank BPI Check No. 081215,
Payment Received By: People's Journal

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0227

Date October 31, 2023.

ars Amount
106,979.40

Received from Kashato Shirts the amount of

one hundred six thousand nine hundred seventy-nine
and forty centavos pesos.
Bank BPI Check No. 081216,
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0228

Date October 31, 2023.

ars Amount
28,690

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada
 Voucher No. 0229

oration Date October 31, 2023.

ars Amount
9,560

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0230

Date October 31, 2023.

ars Amount
1,800

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada
 Voucher No. 0231

Date October 31, 2023.

ars Amount
10,226.20

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 0232

Date October 31, 2023.

ars Amount
45,000

Received from Kashato Shirts the amount of

forty-five thousand
pesos.
Bank BPI Check No. 081217,
Payment Received By: Therese Ballada
tified Correct By: Approved By:
ey Fernan Refozar Therese Ballada

Voucher No. 0233

Date October 31, 2023.

ars Amount
136,436.40

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada

Voucher No. 023

Date

ars Amount

Received from Kashato Shirts the amount of

pesos.
Bank Check No.
 Payment Received By:

tified Correct By: Approved By:

ey Fernan Refozar Therese Ballada
11,200 divide 1.12 = 10,000
10,000 times 12% = 1,200
 Voucher
No. Date Payee
205 Oct. 2 Blanche Manufacturing Company
206 Oct. 2 Tria Forwarders
207 Oct. 4 Salvador Services
208 Oct. 5 Manalo Shirt Factory
209 Oct. 5 Blanche Manufacturing Company

210 Oct. 12 Medina Office Systems

211 Oct. 15 Payroll

212 Oct. 15 Geron Merchandising

213 Oct. 16 Bisana Marketing
214 Oct. 17 Medina Office Systems

215 Oct. 18 Andam Repairs

216 Oct. 20 Camiseria Palaganas
217 Oct. 22 Galang Freight Services
218 Oct. 23 Doña Deogracia Corpuz Development Bank

219 Oct. 23 Gamba Supplies

220 Oct. 24 Burgos Shirts
221 Oct. 26 Blanche Manufacturing Company
222 Oct. 29 Therese Ballada
223 Oct. 29 Winston Apalisoc

224 Oct. 30 Meralco

225 Oct. 30 Mabuhay Philippines Telephone Company
226 Oct. 30 People's Journal
227 Oct. 31 Payroll
228 Oct. 31 Social Security System

229 Oct. 31 Philippine Health Insurance Corporation

230 Oct. 31 Pag-IBIG Fund

231 Oct. 31 Bureau of Internal Revenue

232 Oct. 31 Therese Ballada
Total

233 Oct. 31 Bureau of Internal Revenue

 VOUCHER REGISTER
Credit Debits
Date
Terms Paid Ck. No. Vouchers Payable Purchases Input Tax
2/15, n/60 Cancelled V#209 179,200 160,000 19,200
Cash Oct. 2 081191, 1,120 120
Cash Oct. 4 081193, 2,688 288
n/30 22,848 20,400 2,448
2/15, n/60 Oct. 17 081203, 168,000

n/30 Cancelled V#214 40,320 4,320

Cash Oct. 15 081199, 106,979.40

C.O.D. Oct. 15 081200, 6,720 720

2/10, n/30 Oct. 26 081210, 134,400 120,000 14,400
n/30 29,120

Cash Oct. 18 081204, 5,600 600

n/30 112,000 100,000 12,000
Cash Oct. 22 081205, 3,360 360
Cash Oct. 23 081206, 520,000

C.O.D. Oct. 23 081207, 7,100.80 760.80

1/15, n/60 112,000 100,000 12,000
2/15, n/60 206,080 184,000 22,080
Cash Oct. 29 081211, 160,000
Cash Oct. 29 081212, 6,216 582
84
Cash Oct. 30 081213, 16,800 1,800
Cash Oct. 30 081214, 8,176 876
Cash Oct. 30 081215, 8,960 960
Cash Oct. 31 081216, 106,979.40
 28,690

9,560

1,800

10,226.20
Cash Oct. 31 081217, 45,000
2,059,943.80 684,400 93,598.80
(240). (500). (230-1).
136,436.40
2,243,821.40 2,243,821.40
 Other Accounts
Account Title PR Debit Credit
Purchases (w/o VAT) = 1
Transportation-In 501 1,000 Transportation In (w/o V
Repairs and Maintenance Expense 605 2,400 Repairs and Maintenanc
Purchases (w/o VAT) = 2
Vouchers Payable 240 179,200
Purchases Returns and Allowances 503 10,000 Purchases Returns and A
Input Tax 230-1 1,200 Input Tax = 11,200 - 10,0
Furniture and Fixtures 150 36,000 Furniture and Fixtures (w
Salaries Expense 610 119,500 Gross Pay October 1-15 P
SSS and EC Contributions Payable 211 4,567.50 SSS October 1-15 Payroll
Philhealth Contributions Payable 212 2,390 PhilHealth October 1-15
Pag-IBIG Contributions Payable 213 450 Pag-IBIG October 1-15 Pa
Withholding Taxes Payable 214 5,113.10 WHTax October 1-15 Pay
Supplies 130 6,000 Supplies (w/o VAT) = 6,7
Purchases (w/o VAT) =13
Vouchers Payable 240 40,320
Furniture and Fixtures 150 10,000 Furniture and Fixtures (w
Input Tax 230-1 1,200 Input Tax = 11,200 - 10,0
Repairs and Maintenance Expense 605 5,000 Repairs and Maintenanc
Purchases (w/o VAT) = 1
Transportation-In 501 3,000 Transportation-In (w/o V
Notes Payable 200 500,000
Interest Payable 201 16,166.67
Interest Expense 650 3,833.33
Supplies 130 6,340 Supplies (w/o VAT) = 7,1
Purchases (w/o VAT) = 1
Purchases (w/o VAT) = 2
Therese Ballada, Withdrawals 301 160,000
Supplies 130 4,850 Supplies (w/o VAT) = 5,4
Miscellaneous Expense 640 700 Miscellaneous Expense (
Utilities Expense 604 15,000 Utilities Expense (w/o VA
Utilities Expense 604 7,300 Utilities Expense (w/o VA
Adveritising Expense 600 8,000 Advertising Expense (w/o
Salaries Expense 610 119,500 Gross Pay October 16-31
SSS and EC Contributions Payable 211 4,567.50 SSS October 16-31 Payro
Philhealth Contributions Payable 212 2,390 PhilHealth October 16-31
Pag-IBIG Contributions Payable 213 450 Pag-IBIG October 16-31 P
Withholding Taxes Payable 214 5,113.10 WHTax October 16-31 Pa
SSS and EC Contributions Expense 611 19,555
SSS and EC Contributions Payable 211 9,135
Philhealth Contributions Expense 612 4,780
Philhealth Contributions Payable 212 4,780
Pag-IBIG Contributions Expense 613 900
Pag-IBIG Contributions Payable 213 900
Withholding Taxes Payable 214 10,226.20
Therese Ballada, Withdrawals 301 45,000
1,329,386.2 47,441.2

Value-Added Tax Payable 230 136,436.40

Purchases (w/o VAT) = 179,200 / 1.12 = 160,000 Input Tax = 179,200 - 160,000 = 19,200
Transportation In (w/o VAT) = 1,120 / 1.12 = 1,000 Input Tax = 1,120 - 1,000 = 120
Repairs and Maintenance Expense (w/o VAT) = 2,688 / 1.12 = 2,400 Input Tax = 2,688 - 2,400 = 288
Purchases (w/o VAT) = 22,848 / 1.12 = 20,400 Input Tax = 22,848 - 20,400 = 2,448

Purchases Returns and Allowances (w/o VAT) = 11,200 / 1.12 = 10,000

Input Tax = 11,200 - 10,000 = 1,200
Furniture and Fixtures (w/o VAT) = 40,320 / 1.12 = 36,000 Input Tax = 40,320 - 36,000 = 4,320
Gross Pay October 1-15 Payroll Register
SSS October 1-15 Payroll Register
PhilHealth October 1-15 Payroll Register
Pag-IBIG October 1-15 Payroll Register
WHTax October 1-15 Payroll Register
Supplies (w/o VAT) = 6,720 / 1.12 = 6,000 Input Tax = 6,720 - 6,000 = 720
Purchases (w/o VAT) =134,400 / 1.12 = 120,000 Input Tax = 134,400 - 120,000 = 14,400

Furniture and Fixtures (w/o VAT) = 11,200 / 1.12 = 10,000

Input Tax = 11,200 - 10,000 = 1,200
Repairs and Maintenance Expense (w/o VAT) = 5,600 / 1.12 = 5,000 Input Tax = 5,600 - 5,000 = 600
Purchases (w/o VAT) = 112,000 / 1.12 = 100,000 Input Tax = 112,000 - 100,000 = 12,000
Transportation-In (w/o VAT) = 3,360 / 1.12 = 3,000 Input Tax = 3,360 - 3,000 = 360

Supplies (w/o VAT) = 7,100.80 / 1.12 = 6,340 Input Tax = 7,100.80 - 6,340 = 760.80
Purchases (w/o VAT) = 112,000 / 1.12 = 100,000 Input Tax = 112,000 - 100,000 = 12,000
Purchases (w/o VAT) = 206,080 / 1.12 = 184,000 Input Tax = 206,080 - 184,000 = 22,080

Supplies (w/o VAT) = 5,432 / 1.12 = 4,850 Input Tax = 5,432 - 4,850 = 582
Miscellaneous Expense (w/o VAT) = 784 / 1.12 = 700 Input Tax = 784 - 700 = 84
Utilities Expense (w/o VAT) = 16,800 / 1.12 = 15,000 Input Tax = 16,800 - 15,000 = 1,800
Utilities Expense (w/o VAT) = 8,176 / 1.12 = 7,300 Input Tax = 8,176 - 7,300 = 876
Advertising Expense (w/o VAT) = 8,960 / 1.12 = 8,000 Input Tax = 8,960 - 8,000 = 960
Gross Pay October 16-31 Payroll Register
SSS October 16-31 Payroll Register
PhilHealth October 16-31 Payroll Register
Pag-IBIG October 16-31 Payroll Register
WHTax October 16-31 Payroll Register
 CHECK R

Check
No. Date
081191, Oct. 2
081192, Oct. 3
081193, Oct. 4
081194, Oct. 9
081195, Oct. 10
081196, Oct. 10
081197, Oct. 11
081198, Oct. 13
081199, Oct. 15
081200, Oct. 15
081201, Oct. 15
081202, Oct. 15
081203, Oct. 17
081204, Oct. 18
081205, Oct. 22
081206, Oct. 23
081207, Oct. 23
081208, Oct. 24
081209, Oct. 25
081210, Oct. 26
081211, Oct. 29
081212, Oct. 29
081213, Oct. 30
081214, Oct. 30
081215, Oct. 30
081216, Oct. 31
081217, Oct. 31
 CHECK REGISTER
Debits Credit
Purchases
Payee Vo. No. Vouchers Payable Discounts
Tria Forwarders 206 1,120
Camiseria Palaganas 193 26,880
Salvador Services 207 2,688
Bisana Marketing 198 224,000 4,000
Social Security System 200 28,690
Bureau of Internal Revenue 201 10,226.20
Philippine Health Insurance Corp. 202 9,560
Mones Trading 199 112,000 1,000
Payroll 211 106,979.40
Geron Merchandising 212 6,720
Burgos Shirts 197 44,800
Pag-IBIG Fund 203 1,800
Blanche Manufacturing Company 209 168,000 3,000
Andam Repairs 215 5,600
Galang Freight Services 217 3,360
Doña Deogracia Corpuz Development Bank 218 520,000
Gamba Supplies 219 7,100.80
Victorino Wears 195 24,640
Bureau of Internal Revenue 204 63,003
Bisana Marketing 213 134,400 2,400
Therese Ballada 222 160,000
Winston Apalisoc 223 6,216
Meralco 224 16,800
Mabuhay Philippines Telephone Company 225 8,176
People's Journal 226 8,960
Payroll 227 106,979.40
Therese Ballada 232 45,000
Total 1,853,698.80 10,400
(240). (502).
1,853,698.80 1,853,698
 Credits

Input Tax Cash

1,120
26,880
2,688
480 219,520 Purchases Discounts (w/o VAT) = 4,480 / 1.12 = 4,000
28,690
10,226.20
9,560
120 110,880 Purchases Discounts (w/o VAT) = 1,120 / 1.12 = 1,000
106,979.40
6,720
44,800
1,800
360 164,640 Purchases Discounts (w/o VAT) = 3,360 / 1.12 = 3,000
5,600
3,360
520,000
7,100.80
24,640
63,003
288 131,712 Purchases Discounts (w/o VAT) = 2,688 / 1.12 = 2,400
160,000
6,216
16,800
8,176
8,960
106,979.40
45,000
1,248 1,842,050.80
(230-1). (100).
1,853,698.80
.12 = 4,000 Input Tax = 4,480 - 4,000 = 480

.12 = 1,000 Input Tax = 1,120 - 1,000 = 120

.12 = 3,000 Input Tax = 3,360 - 3,000 = 360

.12 = 2,400 Input Tax = 2,688 - 2,400 = 288

 Date Check Number

1/10/2023
2/10/2006 81191
3/10/2023 81192
4/10/2023 81193
5/10/2023
8/10/2023
8/10/2023
8/10/2023
9/10/2023 81194
10/10/2023 81195
10/10/2023 81196
11/10/2023 81196
12/10/2023
10-13-23 81198
10-15-23 81199
10-15-23 81200
10-15-23 81201
10-15-23 81202
10-15-23
10-17-23 81203
10-18-23 81204
10-19-23
10-22-23
10-22-23 81205
10-22-23
10-23-23 81206
10-23-23 81207
10-24-23
10-24-23 81208
10-25-23 81209
10-26-23 81210
10-26-23
10-29-23 81211
10-29-23 81212
10-30-23
10-30-23 81213
10-30-23 81214
10-30-23 81215
10-31-23 81216
10-31-23
10-31-23 81217
10-31-23
Balance
 Particulars Deposit Withdrawal Balance
Balance Brought Forward 284,368.92
OR 232 - Del Mundo Shirts Station 87,808 372,176.92
Tria Forwarders 1,120 371,056.92
Camiseria Palaganas 26,880 344,176.92
Salvador Services 2,688 341,488.92
OR 233 - Selisana Garments 43,904 385,392.92
Cash Sales 418,432 803,824.92
OR 234 - Modesto Bargain House 26,342.40 830,167.32
OR 235 - Calamba Commercials 11,200 841,367.32
Bisana Marketing 219,520 621,847.32
Social Security System 28,690 593,157.32
Bureau of Internal Revenue 10,226.20 582,931.12
Philippine Health Insurance Corp. 9,560 573,371.12
OR 236 - Marasigan Enterprises 78,400 651,771.12
Mones Trading 110,880 540,891.12
Payroll 106,979.40 433,911.72
Geron Merchandising 6,720 427,191.72
Burgos Shirts 44,800 382,391.72
Pag-IBIG Funds 1,800 380,591.72
Cash Sales 344,960 725,551.72
Blanche Manufacturing Company 164,640 560,911.72
Andam Repairs 5,600 555,311.72
OR 237 - Cardenas Marketing 17,920 573,231.72
Cash Sales 328,720 901,951.72
Galang Freight Services 3,360 898,591.72
OR 238 - Modesto Bargain House 52,684.80 951,276.52
Doña Deogracia Corpuz Development Bank 520,000 431,276.52
Gamba Supplies 7,100.80 424,175.72
Mataguinas Sales 244,000 668,175.72
Victorino Wears 24,640 643,535.72
Bureau of Internal Revenue 63,003 580,532.72
Bisana Marketing 131,712 448,820.72
Selisana Garments 98,784 547,604.72
Therese Ballada 160,000 387,604.72
Winston Apalisoc - Petty Cash Fund 6,216 381,388.72
Cardenas Marketing 56,000 437,388.72
Meralco 16,800 420,588.72
Mabuhay Philippines Telephone Company 8,176 412,412.72
People's Journal 8,960 403,452.72
Payroll 106,979.40 296,473.32
Cash Sales 567,952 864,425.32
Therese Ballada 45,000 819,425.32
Marasigan Enterprises 64,960 884,385.32
884,385.32
 GENERAL JOURNAL
Date
2023
Sales Oct. 1

Cash Receipts 1

Voucher 2

Voucher / Check 2

Check 3

Sales 4

General 4

Voucher / Check 4

Cash Receipts 5

Voucher 5
 Voucher 5

Cash Receipts 8

Cash Receipts 8

Cash Receipts 8

Check 9

Check 10

Check 10

Check 11

Sales 12

Cash Receipts 12
 Voucher 12

Check 13

Cash Receipts 15

Voucher / Check 15

Voucher / Check 15

Check 15

Check 15

Sales 16

Voucher 16

Voucher 17

Voucher 17
Voucher / Check 18

Sales 19

Cash Receipts 19

General 19

Voucher 20

Cash Receipts 22

Voucher / Check 22

Cash Receipts 22

Voucher / Check 23

Voucher / Check 23

Voucher 24
 Cash Receipts 24

Check 24

Check 25

Cash Receipts 26

Check 26

Voucher 26

Sales 29

Voucher / Check 29

Voucher / Check 29

Cash Receipts 30
Voucher / Check 30

Voucher / Check 30

Voucher / Check 30

Voucher / Check 31

Voucher 31

Voucher 31

Voucher 31

Voucher 31

Cash Receipts 31

Voucher / Check 31

General 31
Cash Receipts 31

General 31

Sales 31
 GENERAL JOURNAL
Accounts Titles and Explanation PR

Accounts Receivable 112

Sales (Cardenas Marketing) 400
to record sold merchandise on account to Cardenas Marketing

Cash (Del Mundo Shirts Station) 100

Sales Discounts 401
Accounts Receivable 112
to record the received payment in full from Del Mundo Shirts Station

Purchases (Blanche Manufacturing Company) 500

Accounts Payable 202
to record merchandise purchased on account from Blanche

Transportation-In (Tria Forwarders) 501

Cash 100
to record shipment

Accounts Payable (Camiseria Palaganas) 202

Cash 100
to record full payment of voucher no. 193

Accounts Receivable 112

Sales (Del Mundo Shirts Station) 400
to record sold merchandise on account to Del Mundo Shirts Station

Sales Returns and Allowances (Selisana Garments) 402

Accounts Receivable 112
to record defects in merchandise purchased and retained by Selisana

Repairs and Maintenance Expense (Salvador Services) 605

Cash 100
to record computer repairs and maintenance

Cash (Selisana Garments) 100

Sales Discounts 401
Accounts Receivable 112
to record received payment in full from Selisana Garments

Purchases 500
 Accounts Payable (Manalo Shirt Factory) 202
to record purchased merchandise on account from Manalo

Accounts Payable (Blanche Manufacturing Company) 202

Purchases Returns and Allowances 503
to record returned defective merchandise to Blanche

Cash 100
Sales 400
to record cash sales

Cash (Modesto Bargain House) 100

Sales Discounts 401
Accounts Receivable 112
to record received payment in full from Modesto Bargain House

Cash (Calamba Commercial) 100

Accounts Receivable 112
to record received partial payment

Accounts Payable (Bisana Marketing) 202

Purchases Discounts 502
Cash 100
to record full settlement of purchase

SSS and EC Contributions Payable 211

Cash 100
to record Social Security System payment

Withholding Taxes Payable 214

Cash 100
to record payment to BIR for withholding taxes

Philhealth Contributions Payable 212

Cash 100
to record payment to PhilHealth fund

Accounts Receivable (Modesto Bargain House) 112

Sales 400
to record sold merchandise on account to Modesto

Cash (Marasigan Enterprises) 100

Accounts Receivable 112
to record full payment from Marasigan Enterprises
Furniture and Fixtures 150
Accounts Payable (Medina Office Systems) 202
to record acquired furnitures on account

Accounts Payable (Mones Trading) 202

Purchases Discounts 502
Cash 100
to record full settlement of purchase

Cash 100
Sales 400
to record cash sales

Salaries Expenses 610

Cash 100
to record payment for the semi-monthly payroll

Supplies (Geron Merchandising) 130

Cash 100
to record supplies purchased from Geron Merchandising

Accounts Payable (Burgos Shirts) 202

Cash 100
to record the settlement of purchase

Pag-IBIG Contributions Payable 213

Cash 100
to record Pag-IBIG fund payment

Accounts Receivable (Selisana Garments) 112

Sales 400
to record sold merchandise on account to Selisana Garments

Purchases (Bisana Marketing) 500

Accounts Payable 202
to record merchandise purchased on account

Accounts Payable (Medina Office Systems) 202

Furniture and Fixtures 150
to record returned furnitures

Accounts Payable (Blanche Manufacturing Company) 202

Purchases Discounts 502
Cash 100
to record payment to Blanche Manufacturing Company
Repairs and Maintenance Expense 605
Cash 100
to record payment for equipment repairs

Accounts Receivable (Marasigan Enterprises) 112

Sales 400
to record sold merchandise on account

Cash (Cardenas Marketing) 100

Accounts Receivable 112
to record received payment from Cardenas Marketing

Notes Receivable 110

Accounts Receivable 112
to record the settlement of the open account

Purchases (Camiseria Palaganas) 500

Accounts Payable 202
to record purchased merchandise on account

Cash 100
Sales 400
to record cash sales

Transportation-In (Galang Freight Services) 501

Cash 100
to record freight payable

Cash (Modesto Bargain House) 100

Sales Discounts 401
Accounts Receivable 112
to record received payment from Modesto Bargain House

Notes Payable 200

Interest Payable 201
Interest Expense 650
Cash (Dona Deogracia Corpuz) 100
to record payment of the notes payable

Supplies (Gamba Supplies) 130

Cash 100
to record payment for supplies

Purchases (Burgos Shirts) 500

 Accounts Payable 202
to record purchased merchandise on account

Cash (Mataguinas Sales) 100

Interest Income 410
Interest Receivable 111
Notes Receivable 110
to record receivaed check from Mataguinas Sales

Accounts Payable (Victorino Wears) 202

Cash 100
to record payment to purchases

Value-Added Tax Payable 230

Cash 100
to record payment to Bureau of Internal Revenue

Cash (Selisana Garments) 100

Sales Discounts 401
Accounts Receivable 112
to record received full payment from Selisana Garments

Accounts Payable (Bisana Marketing) 202

Purchases Discounts 502
Cash 100
to record payment to purchases

Purchases (Blanche Manufacturing Company) 500

Accounts Payable 202
to record purchased merchandise on account

Accounts Receivable (Modesto Bargain House) 112

Sales 400
to record sold merchandise

Therese Ballada, Withdrawals 301

Cash 100
to record owner's withdrawal for personal use

Supplies 130
Miscellaneous Expense 640
Cash 100
to record payment to petty cash fund

Cash ( Cardenas Marketing) 100

 Accounts Receivable 112
to record received full payment from Cardenas Marketing

Utilities Expense (Meralco) 604

Cash 100
to record payment to Meralco

Utilities Expense (Mabuhay Philippines Telephone Company) 604

Cash 100
to record payment to utilities

Advertising Expense 600

Cash (People's Journal) 100
to record payment for advertising

Salaries Expenses 610

Cash 100
to record payment for the semi-monthly payroll

SSS and EC Contributions Expense 611

SSS and EC Contributions Payable 211
to record SSS, EC and WISP Contributions

Philhealth Contributions Expense 612

Philhealth Contributions Payable 212
to record PhilHealth Contributions

Pag-IBIG Contributions Expense 613

Pag-IBIG Contributions Payable 213
to record Pag-IBIG Contributions

Salaries Expense 610

Withholding Taxes Payable 214
to record taxes withheld on salaries

Cash 100
Sales 400
to record cash sales

Therese Ballada, Withdrawals 301

Cash 100
to record owner's withdrawal

Allowance for Uncollectible Accounts 113

Accounts Receivable (Tresma Mata Store) 112
 to record uncollectible accounts

Cash (Marasigan Enterprises) 100

Accounts Receivable 112
to record received full payment from Marasigan Enterprises

Output Tax 230-2

Input Tax 230-1
VAT Payable 230
to record the value-added taxes payable

Accounts Receivable (Feliciano Outfitters) 112

Sales 400
to record sold merchandise
 Debit Credit

56,000
56,000

87,808
1,792
89,600

179,200
179,200

1,120
1,120

26,880
26,880

22,400
22,400

4,480
4,480

2,688
2,688

43,904
896
44,800

22,848
 22,848

11,200
11,200

418,432
418,432

26,342.40
537.60
26,880

11,200
11,200

224,000
4,480
219,520

28,690
28,690

10,226.20
10,226.20

9,560
9,560

53,760
53,760

78,400
78,400
 40,320
40,320

112,000
1,120
110,800

344,960
344,960

106,979.40
106,979.40

6,720
6,720

44,800
44,800

1,800
1,800

100,800
100,800

134,400
134,400

11,200
11,200

168,000
3,360
164,640
 5,600
5,600

64,960
64,960

17,920
17,920

33,600
33,600

112,000
112,000

328,720
328,720

3,360
3,360

52,684.80
1,075.20
53,760

500,000
16,166.67
3,833.33
520,000

7,100.80
7,100.80

112,000
 112,000

244,000
1,600
2,400
240,000

24,640
24,640

63,003
63,003

98,784
2,016
100,800

134,400
2,688
131,712

206,080
206,080

89,600
89,600

160,000
160,000

5,432
784
6,216

56,000
 56,000

16,800
16,800

8,176
8,176

8,960
8,960

106,979.40
106,979.40

28,690
28,690

9,560
9,560

1,800
1,800

10,226.20
10,226.20

567,952
567,952

45,000
45,000

6,720
6,720
 64,960
64,960

226,387.20
89,950.80
136,436.40

76,160
76,160
No. Accounts Titles
100 Cash
101 Petty Cash
110 Notes Receivable
111 Interest Receivable
112 Accounts Receivable
113 Allowance for Uncollectible Accounts
120 Merchandise Inventory
130 Supplies
140 Prepaid Insurance
141 Prepaid Rent
150 Furniture and Fixtures
151 Accumulated Depreciation - Furniture and Fixtures
152 Equipment
153 Accumulated Depreciation - Equipment
154 Service Vehicle
155 Accumulated Depreciation - Service Vehicle
160 Rent Deposit
161 Utilities Deposit
200 Notes Payable
201 Interest Payable
202 Accounts Payable
210 Salaries Payable
211 SSS and EC Contributions Payable
212 Philhealth Contributions Payable
213 Pag-IBIG Contributions Payable
214 Withholding Taxes Payable
220 Rent Payable
221 Utilities Payable
230 Value-Added Tax Payable
240 Vouchers Payable
300 Therese Ballada, Capital
301 Therese Ballada, Withdrawals
400 Sales
401 Sales Discounts
402 Sales Returns and Allowances
410 Interest Income
500 Purchases
501 Transportation-In
502 Purchases Discounts
503 Purchases Returns and Allowances
600 Advertising Expense
601 Supplies Expense
602 Insurance Expense
Balances Carried Forward
Balances Forwarded
603 Rent Expense
604 Utilities Expense
605 Repairs and Maintenance Expense
610 Salaries Expense
611 SSS and EC Contributions Expense
612 Philhealth Contributions Expense
613 Pag-IBIG Contributions Expense
620 Uncollectible Accounts Expense
630 Depreciation Expense - Furnitures and Fixtures
631 Depreciation Expense - Equipment
632 Depreciation Expense - Service Vehicle
640 Miscellaneous Expense
650 Interest Expense

Profit
 Kashato Shirts
Worksheet for the Month Ended October 31, 2023
Trial Balance Adjustments and Reclassifications Adjusted Trial Balance
Debit Credit Debit Credit Debit
884,385.32 22,400 906,785.32
16,000 16,000
33,600 33,600
134.40 134.40
188,160 22,400 165,760
2,688 4,771.20
871,200 871,200
31,690 22,190 9,500
12,750 2,750 10,000
150,000 50,000 100,000
676,000 676,000
74,250 7,605
735,000 735,000
134,500 12,250
410,000 410,000
33,000 5,500
150,000 150,000
18,500 18,500

482,048

28,690
9,560
1,800
10,226.20

136,436.40
668,760.60 668,760.60
2,555,395.05
205,000 205,000
1,896,200
5,640 5,640
4,000 4,000
1,600 134.40
684,400 684,400
 4,000 4,000
10,400
10,000
8,000 8,000
22,190 22,190
2,750 2,750

50,000 50,000
22,300 22,300
7,400 7,400
239,000 239,000
19,555 19,555
4,780 4,780
900 900
4,771.20 4,771.20
7,605 7,605
12,250 12,250
5,500 5,500
700 700
3,833.33 3,833.33
5,386,793.65 5,386,793.65 796,361.20 796,361.20 5,417,054.25
2023
djusted Trial Balance Income Statement Balance Sheet
Credit Debit Credit Debit Credit
906,785.32
16,000
33,600
134.40
165,760
7,459.20 7,459.20
871,200 700,360 700,360
9,500
10,000
100,000
676,000
81,855 81,855
735,000
146,750 146,750
410,000
38,500 38,500
150,000
18,500

482,048 482,048

28,690 28,690
9,560 9,560
1,800 1,800
10,226.20 10,226.20

136,436.40 136,436.40
0
2,555,395.05 2,555,395.05
205,000
1,896,200 1,896,200
5,640
4,000
1,734.40 1,734.40
684,400
 4,000
10,400 10,400
10,000 10,000
8,000
22,190
2,750

50,000
22,300
7,400
239,000
19,555
4,780
900
4,771.20
7,605
12,250
5,500
700
3,833.33
5,417,054.25 1,980,774.53 2,618,694.40 4,136,639.72 3,498,719.85
637,919.87 637,919.87
2,618,694.40 2,618,694.40 4,136,639.72 4,136,639.72
 INCOME STATEMENT
FOR THE MONTH ENDED OCTOBER 31, 2023

Sales 1,896,200
Less: Sales Discounts 5,640
Sales Returns and Allowances 4,000 9,640
Net Sales
Less: Cost of Goods Sold
Merchandise Inventory, Beginning 871,200
Add:Purchases 684,400
Transportation In 4,000 688,400
Less: Purchases Discounts 10,400
Purchases Returns and Allowances 10,000 20,400
Total Goods Available for Sale 1,539,200
Less: Merchandise Inventory, Ending 700,360
Cost of Goods Sold
Total Profit
Interest Income
Gross Profit
Less: Operating Expenses
Advertising Expense 8,000
Supplies Expense 22,190
Insurance Expense 2,750
Rent Expense 50,000
Utilities Expense 22,300
Repairs and Maintenance Expense 7,400
Salaries Expense 239,000
SSS & EC Contributions Expense 19,555
Philhealth Contributions Expense 4,780
Pag-IBIG Contributions Expense 900
Uncollectible Accounts Expense 4,771.20
Depreciation Expense - Furniture and Fixtures 7,605
Depreciation Expense - Equipment 12,250
Depreciation Expense - Service Vehicle 5,500
Miscellaneous Expense 700
Interest Expense 3,833.33
Total Operating Expenses
Net Income
 STATEMENT OF CHANGES IN EQUITY
FOR THE MONTH ENDED OCTOBER 31, 2023

Therese Ballada, Capital, beginning

Add: Net Income
Subtotal
Less: Therese Ballada, Withdrawals
Therese Ballada, Capital, ending

BALANCE SHEET
OCTOBER 31, 2023.

ASSETS
Current Assets
Cash 906,785.32
Petty Cash 16,000
Notes Receivable 33,600
Interest Receivable 134.40
Accounts Receivable 165,760
Allowance for Uncollectible Accounts -7,459.20
Merchandise Inventory 700,360
Supplies 9,500
Prepaid Insurance 10,000
Prepaid Rent 100,000
Total Current Assets 1,934,680.52

Non-Current Assets
Furniture and Fixtures 676,000
Accumulated Depreciation - Furniture and Fixtures -81,855
Equipment 735,000
Accumulated Depreciation - Equipments -146,750
Service Vehicle 410,000
Accumulated Depreciation - Service Vehicle -38,500
Rent Deposit 150,000
Utilities Deposit 18,500
Total Non-Current Assets 1,722,395

Total Assets

LIABILITIES AND OWNER'S EQUITY

Liabilities
Current Liabilities
 Accounts Payable 482,048
SSS & EC Contributions Payable 28,690
Philhealth Contributions Payable 9,560
Pag-IBIG Contributions Payable 1,800
Withholding Taxes Payable 10,226.20
Value-Added Tax Payable 136,436.40
Total Current Liabilities 668,760.60

Owner's Equity
Therese Ballada, Capital 2,988,314.92
Total Owner's Equity 2,988,314.92

Total Liabilities and Owner's Equity

STATEMENT OF CASH FLOWS

FOR THE MONTH ENDED OCTOBER 31, 2023

Cash Flow from Operating Activities

Cash Received From:
Accounts
Notes
Sales
Total Cash Received
Cash Paid For:
Accounts
Notes
Utilities
Advertisement
Salaries
SSS
Philhealth
BIR
Pag-IBIG
Total Paid
Net Cash Flow from Operating Activities

Cash Flow from Financing Activities

Withdrawals
Net Cash Flow from Financing Activities

Increase in Cash
Cash, Beginning
Cash, End
 POST-CLOSING TRIAL BALANCE
OCTOBER 31, 2023.

No. Account Title Debit Credit

100 Cash 906,785.32
101 Petty Cash 16,000
110 Notes Receivable 33,600
111 Interest Receivable 134.40
112 Accounts Receivable 165,760
113 Allowance for Uncollectible Accounts 7,459.20
120 Merchandise Inventory 700,360
130 Supplies 9,500
140 Prepaid Isurance 10,000
141 Prepaid Rent 100,000
150 Furniture and Fixtures 676,000
151 Accumulated Depreciation - Furniture and Fixtures 81,855
152 Equipment 735,000
153 Accumulated Depreciation - Equipment 146,750
154 Service Vehicle 410,000
155 Accumulated Depreciation - Service Vehicle 38,500
160 Rent Deposit 150,000
161 Utilities Deposit 18,500
202 Accounts Payable 482,048
211 SSS and EC Contributions Payable 28,690
212 Philhealth Contributions Payable 9,560
213 Pag-IBIG Contributions Payable 1,800
214 Withholding Taxes Payable 10,226.20
230 Value-Added Tax Payable 136,436.40
300 Therese Ballada, Capital 2,988,314.92
Total 3,931,639.72 3,931,639.72
31, 2023

1,886,560

838,840
1,047,720
1,734.40
1,049,454.4

411,534.53
637,919.87
QUITY
31, 2023

2,555,395.05
637,919.87
3,193,314.92
205,000
2,988,314.92

594,145

588,250

371,500

3,657,075.52
 3,657,075.52

WS
31, 2023

560,403.20
244,000
1,660,064
2,464,467.20

818,879.80
520,000
24,976
8,960
213,958.80
28,690
9,560
10,226.20
1,800
1,637,050.80
827,416.40

205,000
205,000

622,416.40
284,368.92
906,785.32
NCE