Particulars

June 1 Cash in Bank

Accounts Receivable
Merchandise Inventory
Supplies
Prepaid Insurance
Store Equipment
Office Equipment
Accumulated Depreciation- SE
Accumulated Depreciation- OE
Accounts Payable
VAT Payable
Ester Daniel, Capital
To set up beginning balances.
15 Sales Returns and Allowances
VAT Output Tax
Accounts Receivable
Issued Credit Memo No. 21 to Depetty Co. for 200 packs Chicharon - Special
returned.
17 Accounts Payable
Purchase Returns and Allowances
VAT Input Tax
Received Debit Memo No. 421 from CarCar Inc. for 150 packs Bocarillo returned (SCI
Inv. No. 33217).
30 VAT Output Tax
VAT Input Tax
VAT Payable
To close VAT Input and Output accounts to VAT Payable in order to set up the amount
payable to be remitted to BIR.
30 Rent Expense
Insurance Expense
Prepaid Rent
Prepaid Insurance
To record used/ expired portion of the payments.
30 Doubtful Accounts Expense
Allowance for Doubtful Accounts
To establish provision for uncollectible accounts.
30 Depreciation Expense
Accumulated Depreciation - SE
Date
2012
Accumulated Depreciation - OE
To record depreciation for the month.
30 Supplies Expense
Supplies
To adjust supplier per physical count.
30 SSS, Philhealth Contributions
SSS, Philhealth Payable
To record employer's share of SSS and Philhealth.
30 Utilities Expense
Utilities Payable
To record utilities for the month.
30 Income Summary
Rent Expense
Insurance Expense
Depreciation Expense
Doubtful Accounts Expense
Supplies Expense
Utilities Expense
Advertising Expense
Miscellaneous Expense
Salaries and Wages
Taxes and Licenses
PR Debit Credit
101 133,000.00
102 65,890.00
105 73,350.00
106 3,000.00
107 600.00
110 75,000.00
112 20,000.00
111 32,000.00
113 2,000.00
201 81,350.00
204 6,000.00
301 249,490.00
403 9,000.00
203 1,080.00
102 10,080.00
201 4,200.00
503 3,750.00
109 450.00
203 1,080.00
109 450.00
204 630.00
604 3,000.00
605 200.00
108 3,000.00
107 200.00
608 2,500.00
103 2,500.00
609 2,050.00
111 1,200.00
113 850.00
603 2,400.00
106 2,400.00
610 2,900.00
205 2,900.00
606 2,450.00
207 2,450.00
3,000.00
200.00
2,050.00
2,500.00
2,400.00
2,450.00
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit
Date Particulars Debit Credit