FRENZAIREN JOHN G.

PEÑAMANTE

GENERAL JOURNAL PAGE

1 2

POST. GENERAL

DATE ACCOUNT TITLE REF. DEBIT CREDIT

1 Jan 2 Accounts Receivable 240,000.00 1

2 Sales 240,000.00 2
3 Sold merchandise on credit. Invoive #316 3
4 3 Purchases 90,000.00 4
5 Accounts Payable 90,000.00 5
6 Purchase merchandise on account 6
7 4 Cash 205,800.00 7
8 Sales Discount 4,200.00 8
9 Accounts Receivable 210,000.00 9
10 Collected amount due from Dec. 28, 2013 sales less discount 10
11 5 Cash 430,000.00 11
12 Sales 430,000.00 12
13 Sold merchandise for cash 13
14 7 Accounts Payable 130,000.00 14
15 Purchase Discount 3,900.00 15
16 Cash 126,100.00 16
17 Paid amt. due for Dec. 29, 2013 purchase. Issued check no. 8317
18 8 Accounts Receivable 310,000.00 18
19 Sales 310,000.00 19
20 Sold merchnadise on account. Invoive no. 317 20
21 9 Accounts Payable 120 10,000.00 21
22 Purchase Returns and 520 10,000.00 22
23 Returned merchandise purchase from T. Arenas Company 23
24 ### Cash 24
25 Sales Discount 25
26 Accounts Receivables 26
27 Collected amount due from Jan 2, 2014 sales discount 27
28 ### Purchases 120,000.00 28
29 Accounts Payable 120,000.00 29
30 Purchase merchandise on account 30
31 ### Accounts Payable 31
32 Purchase Discount 32
33 Cash 33
34 Paid amt due for the Jan. 3, 2014 purchase less returns and d 34
35 ### Purchases 70,000.00 35
36 Cash 70,000.00 36
37 Purchase merchandise for cash. Issued check no.85 37
38 ### Accounts Receivable 130,000.00 38
39 Sales 130,000.00 39
40 Sold merchandise on account. Invoice #318 40
41 ### Interest expense 10,000.00 41
42 Cash 10,000.00 42
43 Paid interest on notes payable. Issued check #86 43
44 ### Salaries Expense 80,000.00 44
45 Cash 80,000.00 45
46 Paid salaries. Issued check #87 46
47 ### Purchases 190,000.00 47
48 Accounts Payable 190,000.00 48
49 Purchase merchandise account 49
50 ### Accounts Receivable 460,000.00 50
51 Sales 460,000.00 51
52 Sold merchandise on account. Invoice #319 52
53 ### Pangan, withdrawals 100,000.00 53
54 Cash 100,000.00 54
55 Drawings from business. Issued check #88 55
56 ### Office Supplies 40,000.00 56
57 Cash 40,000.00 57
58 Acquired office supplies for cash. Issued #89 58
59 ### Transportation In 20,000.00 59
60 Cash 20,000.00 60
61 Paid freight charges from merchandise purchased. Issued #90 61
62 ### Cash 127,400.00 62
63 Sales Discount 2,600.00 63
64 Accounts Receivable 130,000.00 64
65 Collected amount due from Jan. 13, 2014 sales less dicount 65
66 ### Accounts Receivable 110,000.00 66
67 Sales 110,000.00 67
68 Sold merchandise on account. Invoice #320 68
69 ### Sales Return and Allowa 420 30,000.00 69
70 Accounts Receivable 120 30,000.00 70
71 Received returned merchandise from G. Sevidal 71
 SALES JOURNAL

Customer Account
Date Invoice Number PR DR. Accounts Receivable
Debited
2014
Jan 2 B. Bandonell 316 AR 121 ₱ 240,000.00
Jan 8 G Sevidal 317 AR 122 ₱ 310,000.00
Jan 13 M. Cerda 318 AR 123 ₱ 130,000.00
Jan 18 R. Loyola 319 AR 124 ₱ 460,000.00
Jan 23 B. Bandonell 320 AR 121 ₱ 110,000.00
Jan 29 M. Cerda 321 AR 123 ₱ 170,000.00
Total ₱ 1,420,000.00
(120)
 Page 1
CR. Sales

₱ 240,000.00
₱ 310,000.00
₱ 130,000.00
₱ 460,000.00
₱ 110,000.00
₱ 170,000.00
₱ 1,420,000.00
(410)
 PURCHASE JOURNAL
Page 1
Supplier Account
Date PR DR. Purchases CR. Accounts Payable
Credited
2014
Jan 3 T. Arenas Company AP 224 ₱ 90,000.00 ₱ 90,000.00
Jan 11 L. Viray Company AP 223 ₱ 120,000.00 ₱ 120,000.00
Jan 17 E. Samonte Company AP 222 ₱ 190,000.00 ₱ 190,000.00
Jan 25 A. Braganza Company AP 221 ₱ 340,000.00 ₱ 340,000.00
Jan 28 L. Viray Company AP 223 ₱ 270,000.00 ₱ 270,000.00
Jan 30 T. Arenas Company AP 224 ₱ 360,000.00 ₱ 360,000.00
Total ₱ 1,370,000.00 ₱ 1,370,000.00
(510) (220)
 CASH RECEIPTS JOURNAL
Page 1
Date Account PR DR. Cash DR. Sales CR. Accounts Receivable CR. Others CR. Sales
Discount
2014
Jan 4 R. Loyola AR 124 ₱ 208,500.00 ₱ 4,200.00 ₱ 210,000.00
Jan 5 ₱ 430,000.00 ₱ 430,000.00
Jan 10 B. Bandonell AR 121 ₱ 235,200.00 ₱ 4,800.00 ₱ 240,000.00
Jan 22 M. Cerda AR 123 ₱ 127,400.00 ₱ 2,600.00 ₱ 130,000.00
Jan 25 G. Sevidal AR 122 ₱ 280,000.00 ₱ 280,000.00
Jan 27 Notes Payable 210 ₱ 170,000.00 ₱ 170,000.00
Jan 30 ₱ 1,310,000.00 ₱ 1,310,000.00
Total ₱ 2,761,100.00 ₱ 11,600.00 ₱ 860,000.00 ₱ 170,000.00 ₱ 1,740,000.00
(110) (430) (120) X (410)
 CASH DISBURSEMENT JOURNAL

Date Account Check No. PR DR. Accounts Payable DR. Purchases DR. Others
2014
Jan 7 E. Samonte Company 83 AP 222 ₱ 130,000.00
Jan 11 T. Arenas Company 84 AP 224 ₱ 80,000.00
Jan 12 85 ₱ 70,000.00
Jan 14 Inrerest Expense 86 650 ₱ 10,000.00
Jan 15 Salaries Expense 87 610 ₱ 80,000.00
Jan 19 Pangan. Withdrawals 88 320 ₱ 100,000.00
Jan 21 Office Supplies 89 150 ₱ 40,000.00
Jan 22 Transportation In 90 540 ₱ 20,000.00
Jan 26 E. Samonte Company 91 AP 222 ₱ 90,000.00
Total ₱ 300,000.00 ₱ 70,000.00 ₱ 250,000.00
(220) (510) X
 Page 1
CR. Purchase Discount CR. Cash

₱ 3,900.00 ₱ 126,100.00
₱ 2,400.00 ₱ 77,600.00
₱ 70,000.00
₱ 10,000.00
₱ 80,000.00
₱ 100,000.00
₱ 40,000.00
₱ 20,000.00
₱ 90,000.00
₱ 6,300.00 ₱ 613,700.00
(530) (110)
 GENERAL LEDGER

Account: Cash Account No. 110

Date Description PR Debit Credit Balance
2014
Jan 1 240,000
Jan 4 CR1 205,800 445,800
Jan 5 CR1 430,000 875,800
Jan 7 CD1 126,100 749,700
Jan 10 CR1 235,200 984,900
Jan 11 CD1 77,600 907,300
Jan 12 CD1 70,000 837,300
Jan 14 CD1 10,000 827,300
Jan 15 CD1 80,000 747,300
Jan 19 CD1 100,000 647,300
Jan 21 CD1 40,000 607,300
Jan 22 CD1 20,000 587,300
Jan 22 CR1 127,400 714,700
Jan 25 CR1 280,000 994,700
Jan 27 CR1 170,000 1,164,700
Jan 26 CD1 90,000 1,074,700
Jan 30 CR1 1,310,000 2,384,700

Account: Accounts Receivable Account No. 120

Date Description PR Debit Credit Balance
2014
Jan 1 210,000
Jan 2 SJ1 240,000 450,000
Jan 4 CR1 210,000 240,000
Jan 8 J1 310,000 550,000
Jan 10 CR1 240,000 310,000
Jan 13 J1 130,000 440,000
Jan 18 J1 460,000 900,000
Jan 22 CR1 130,000 770,000
Jan 23 J1 110,000 880,000
Jan 24 GJ1 30,000 850,000
Jan 25 CR1 280,000 570,000
Jan 29 J1 170,000 740,000

Account: Merchandise Inventory Account No. 130

Date Description PR Debit Credit Balance
2014
Jan 1 730,000
Account: Prepaid Rent Account No. 140
Date Description PR Debit Credit Balance
2014
Jan 1 90,000

Account: Office Supplies Account No. 150

Date Description PR Debit Credit Balance
2014
Jan 1 160,000
Jan 21 CD1 40,000 200,000

Account: Office Equipment Account No. 160

Date Description PR Debit Credit Balance
2014
Jan 1 1,000,000

Account: Accumulated Depreciation Account No. 165

Date Description PR Debit Credit Balance
2014
Jan 1 250,000

Account: Notes Payable Account No. 210

Date Description PR Debit Credit Balance
2014
Jan 1 400,000
Jan 27 CR1 170,000 570,000

Account: Accounts Payable Account No. 220

Date Description PR Debit Credit Balance
2014
Jan 1 130,000
Jan 3 PJ1 90,000 220,000
Jan 7 CD1 130,000 90,000
Jan 9 GJ1 10,000 80,000
Jan 11 PJ1 120,000 200,000
Jan 11 CD1 80,000 120,000
Jan 17 PJ1 190,000 310,000
Jan 25 PJ1 340,000 650,000
Jan 26 CD1 90,000 560,000
Jan 28 PJ1 270,000 830,000
Jan 30 PJ1 360,000 1,190,000

Account: Pangan Capital Account No. 310

 Date Description PR Debit Credit Balance
2014
Jan 1 1,650,000

Account: Pangan, Withdrawals Account No. 320

Date Description PR Debit Credit Balance
2014
Jan 1 Drawings CD1 100,000 100,000

Account: Income Summary Account No. 330

Date Description PR Debit Credit Balance
2014
Jan 1 -

Account: Sales Account No. 410

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 2 SJ1 240,000 240,000
Jan 5 SJ1 430,000 670,000
Jan 8 SJ1 310,000 980,000
Jan 13 SJ1 130,000 1,110,000
Jan 18 SJ1 460,000 1,570,000
Jan 23 SJ1 110,000 1,680,000
Jan 29 SJ1 170,000 1,850,000
Jan 30 SJ1 1,310,000 3,160,000

Account: Sales Return and Allowances Account No. 420

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 24 GJ1 30,000 30,000

Account: Sales Discounts Account No. 430

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 4 CR1 4,200 4,200
Jan 10 CR1 4,800 9,000
Jan 22 CR1 2,600 11,600

Account: Purchases Account No. 510

Date Description PR Debit Credit Balance
2014
Jan 1 -
 Jan 3 PJ1 90,000 90,000
Jan 11 PJ1 120,000 210,000
Jan 12 PJ1 70,000 280,000
Jan 17 PJ1 190,000 470,000
Jan 25 PJ1 340,000 810,000
Jan 28 PJ1 270,000 1,080,000
Jan 30 PJ1 360,000 1,440,000

Account: Purchase Returns and Allowances Account No. 520

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 9 GJ1 10,000 10,000

Account: Purchase Discounts Account No. 530

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 7 Discount on purchases CD1 3,900 3,900
Jan 11 Discount on purchases CD1 2,400 6,300

Account: Transportation In Account No. 540

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 22 Freight charge CD1 20,000 20,000

Account: Salaries Expense Account No. 610

Date Description PR Debit Credit Balance
2014
Jan 1 -
44,576 Paid salaries CD1 80,000 80,000

Account: Rent Expense Account No. 620

Date Description PR Debit Credit Balance
2014
Jan 1 -

Account: Office Supplies Expense Account No. 630

Date Description PR Debit Credit Balance
2014
Jan 1 -

Account: Depreciation Expense Account No. 640

 Date Description PR Debit Credit Balance
2014
Jan 1 -

Account: Interest Expense Account No. 650

Date Description PR Debit Credit Balance
2014
Jan 1 -
Jan 14 CD1 10,000 10,000
 Accounts Receivable Subsidiary Ledger

Name: B. Bandonell Account No. 121

Date Description PR Debit Credit Balance
2014
Jan 2 Invoice no. 316 SJ1 240,000 240,000
Jan 10 Collection CR1 240,000 -
Jan 23 Inovice no. 320 SJ1 110,000 110,000

Name: G. Sevidal Account No. 122

Date Description PR Debit Credit Balance
2014
Jan 8 Invoice no. 317 SJ1 310,000 310,000
Jan 24 Returns and allowances GJ1 30,000 280,000
Jan 25 Collection CR1 280,000 -

Name: M. Cerda Account No. 123

Date Description PR Debit Credit Balance
2014
Jan 13 Invoice no. 318 SJ1 130,000 130,000
Jan 22 Collection CR1 130,000 -
Jan 29 Inovice no. 321 CSJ1 170,000 170,000

Name: R. Loyola Account No. 124

Date Description PR Debit Credit Balance
2014
Jan 1 Balance 210,000
Jan 4 Collection CR1 210,000 -
Jan 18 Inovice no. 319 SJ1 460,000 460,000
 Accounts Payable Subsidiary Ledger

Name: A. Braganza Company Account No. 221

Date Description PR Debit Credit Balance
2014
Jan 25 Purchased merchandise PJ1 340,000 340,000

Name: E. Samonte Company Account No. 222

Date Description PR Debit Credit Balance
2014
Jan 1 Balance 130,000 130,000
Jan 7 Check no. 83 CD1 130,000 -
Jan 17 Purchased merchandise PJ1 190,000 190,000
Jan 26 Check no. 91 CD1 90,000 100,000

Name: L. Viray Company Account No. 223

Date Description PR Debit Credit Balance
2014
Jan 11 Purchased merchandise PJ1 120,000 120,000
Jan 28 Purchased merchandise PJ1 270,000 390,000

Name: T. Arenas Company Account No. 224

Date Description PR Debit Credit Balance
2014
Jan 3 Purchased merchandise PJ1 90,000 90,000
Jan 9 Returned Merchandise GJ1 10,000 80,000
Jan 11 Check no. 84 CD1 80,000 -
Jan 30 Purchased merchandise PJ1 360,000 360,000