Professional Documents
Culture Documents
DR
Cash in Bank
CR
Beg bal
Adj.
20,000.00
3,312.37
End Bal.
3,312.37
DR
20,000.00
55,330.20
20,000.00
36,870.42
End Bal.
36,961.66
CR
beg.
deposit
CRJ
71,926.59
3,312.37
Adj. Ent.
40,274.03
36,961.66
DR
CR
26,500.00
36,000.00
4,575.00
650.00
67,075.00
650.00
PAGIBIG
DR
W/holding tax
CR
DR
1,000.00
CR
1,633.58
500.00
1,633.58
816.79
816.79
500.00
1,633.58
1,000.00
Mabuhay Personal
DR
200.00
200.00
DR
CR
CR
2,000.00
Adj. Ent.
Beg. Bal.
SJ
Accounts Receivable
DR
7,231.06
43,460.37 CRJ
2,000.00
Delivery Equip.
DR
90,000.00
DR
32,446.35
18,245.08
Accum. Depr - DE
CR
DR
Interest payable
90,000.00
DR
DR
3,000.00
10,000.00
3,000.00
10,000.00
Rent payable
CR
DR
Reversing ent
CR
beg. Bal
10,000.00
10,000.00
Utilities payable
DR
Reversing ent
1,500.00
Notes Receivable
Interest Receivable
CR
DR
CR
DR
CR
DR
Accounts Payable
528
20266.5
2,000.00
Utilities payable
beg. Bal
1500
DR
VAT Payable
DR
500
500.00
Notes Payable
CR
20,266.50
37,721.64
37,193.64
CR
Merchandise Invent
DR
CR
Input tax
CR
2058.15
DR
2,058.15
GJ
PJ
CPJ
Merchandise Inventory
DR
CR
43917.3
Prepaid Insurance
DR
Prepaid supplies
CR
DR
beg. Bal
CR
313.35
rev. entry
313.35
43917.3
Notes Payable
DR
CR
5124
DR
3152
825.00
3152
825.00
5124
Input tax
DR
4682.47
412.50
412.50
Output Tax
CR
549
4041.61 GJ
148.43
DR
CRJ
Mabuhay Capital
CR
SJ
56.57
PH Premium payable
CR
DR
5156.86
CR
213,206.68
36,000.00
5130.47
249,206.68
26.39
Sales
DR
Sales Discount
CR
42973.91
PAGIBIG Cont.
DR
CR
DR
CR
219.94
Purchases
DR
33680.03
Rent expense
DR
CR
10000
CR
10000
chases
Freight in
CR
Prem. Exp.
CR
DR
Purchase Discount
CR
DR
Salaries
DR
Supplies expense
CR
16500
16500
33000
DR
313.35
Purchase Discount
CR
102.33
Supplies expense
Advertising
DR
DR
Utilities Expense
CR
DR
Advertising
DR
Bad Debts
CR
DR
CR
Utilities Expense
DR
1500
552.05
1500
CR
Depreciation - F&E
DR
Depr. DE
CR
DR
Interest Income
DR
CR
Interest Expense
CR
DR
CR
CR
446.43
Bank charges
DR
CR
Account
Cash on Hand
Cash in Bank
Petty Cash Fund
Accounts Receivable
Merchandise Inventory Beg.
Furniture & Equipment
Accum. Depr. - Fur & Equip.
Delivery Equipment
Accum. Depr. - Del. Equip.
Deposit for Rent
Deposit for Utilities
Accounts Payable
Notes Payable
SS & EC Premiums Payable
PhilHealth Premiums Payable
PAGIBIG Premiums Payable
Withholding Tax Payable
Rent Payable
Utilities Payable
Input Tax
Output Tax
Mabuhay Capital
Mabuhay Personal
Sales
Sales Discount
Purchases
Purchase Discount
Purchases Return and Allowances
Gas and Oil Expense
Salaries Expense
Supplies Expense
Utilities Expense
Repair and Maintenance Expense
SS EC Expense
Philhealth Expense
Pagibig Expense
Rent Expense
Depreciation - Furn. & equip.
Depreciation - Delivery equip
Bank charges
Prepaid supplies
Interest expense
Interest payable
Cost of sales
VAT Payable
Merchandise inv end
Income and expense summary
4,682.47
5,130.47
249,206.68
BUENO MARKETING
WORKSHEET
For the Month Ended June 30, 2006
Adjustment
Debit
Credit
3,312.37
4,012.37
1,453.30
43,917.30
832.19
1,500.00
2,052.00
412.50
500.00
155.70
5,130.47
10,000.00
1,500.00
4,838.17
200.00
42,973.91
219.94
33,680.03
102.33
471.43
446.43
33,000.00
313.35
552.05
892.86
347,498.54
312.50
347,498.54
275.00
1,500.00
710.10
275.00
2,052.00
412.50
500.00
10,000.00
832.19
1,500.00
700.00
275.00
51.24
51.24
973.31
292.30
44,890.61
72,609.68
72,609.68
-
BUENO MARKETING
WORKSHEET
For the Month Ended June 30, 2006
Adjusted trial balance
Account
Debit
Credit
Cash on Hand
3,312.37
Cash in Bank
36,261.66
Petty Cash Fund
546.70
Accounts Receivable
18,245.08
Merchandise Inventory Beg.
Furniture & Equipment
67,075.00
Accum. Depr. - Fur & Equip.
1,482.19
Delivery Equipment
90,000.00
Accum. Depr. - Del. Equip.
4,500.00
Deposit for Rent
10,000.00
Deposit for Utilities
2,000.00
Accounts Payable
37,193.64
Notes Payable
5,124.00
SS & EC Premiums Payable
3,152.00
PhilHealth Premiums Payable
825.00
PAGIBIG Premiums Payable
1,000.00
Withholding Tax Payable
1,633.58
Rent Payable
10,000.00
Utilities Payable
1,500.00
Input Tax
Output Tax
Mabuhay Capital
249,206.68
Mabuhay Personal
200.00
Sales
42,973.91
Sales Discount
219.94
Purchases
33,680.03
Purchase Discount
102.33
Purchases Return and Allowances
471.43
Gas and Oil Expense
758.93
Salaries Expense
33,000.00
Supplies Expense
313.35
Utilities Expense
2,052.05
Repair and Maintenance Expense
1,602.96
SS EC Expense
Philhealth Expense
Pagibig Expense
Rent Expense
Depreciation - Furn. & equip.
Depreciation - Delivery equip
Bank charges
Prepaid supplies
Interest expense
Interest payable
Cost of sales
VAT Payable
Merchandise inv end
Income and expense summary
2,052.00
412.50
500.00
10,000.00
832.19
1,500.00
700.00
275.00
51.24
Income statement
Debit
Credit
200.00
42,973.91
219.94
33,680.03
102.33
471.43
758.93
33,000.00
313.35
2,052.05
1,602.96
2,052.00
412.50
500.00
10,000.00
832.19
1,500.00
700.00
51.24
51.24
973.31
292.30
44,890.61
360,481.61
360,481.61
973.31
87,875.19
87,875.19
44,520.98
43,354.21
87,875.19
BS
Account
Cash on Hand
Cash in Bank
Petty Cash Fund
Accounts Receivable
Merchandise Inventory Beg.
Furniture & Equipment
Accum. Depr. - Fur & Equip.
Delivery Equipment
Accum. Depr. - Del. Equip.
Deposit for Rent
Deposit for Utilities
Accounts Payable
Notes Payable
SS & EC Premiums Payable
PhilHealth Premiums Payable
PAGIBIG Premiums Payable
Withholding Tax Payable
Rent Payable
Utilities Payable
Input Tax
Output Tax
Mabuhay Capital
Mabuhay Personal
Sales
Sales Discount
Purchases
Purchase Discount
Purchases Return and Allowances
Gas and Oil Expense
Salaries Expense
Supplies Expense
Utilities Expense
Repair and Maintenance Expense
SS EC Expense
Philhealth Expense
Pagibig Expense
Rent Expense
Depreciation - Furn. & equip.
Depreciation - Delivery equip
Bank charges
Prepaid supplies
Interest expense
Interest payable
Cost of sales
VAT Payable
Merchandise inv end
Income and expense summary
Debit
3,312.37
36,261.66
546.70
18,245.08
Credit
67,075.00
1,482.19
90,000.00
4,500.00
10,000.00
2,000.00
#VALUE!
5,124.00
3,152.00
825.00
1,000.00
1,633.58
10,000.00
1,500.00
249,206.68
275.00
51.24
292.30
44,890.61
272,606.42
#VALUE!
#VALUE!
#VALUE!
#VALUE!
BUENO MARKETING
List of Adjusting Entries
June 30, 2008
a
SS EC exp
Philhealth exp
PAGIBIG
SS EC payable
Philhealth payable
PAGIBIG Payable
to accrue SS EC and PH
2,052.00
412.50
500.00
Rent Expense
Utilities expense
Rent Payable
Utilities Payable
to accrue ent and utilities
10,000.00
1,500.00
832.19
1,500.00
832.19
1,500.00
700.00
Prepaid supplies
Supplies expense
to record unused supplies
275.00
Supplies expense
Repair and maintenance
Gas and Oil
Input tax
Petty cash fund
to adjust petty cash
275.00
710.10
312.50
155.70
Output VAT
Input VAT
VAT payable
to close output against input VAT
Interest expense
Interest payable
to accrue interest
10,000.00
1,500.00
Bank Charges
Cash in bank
to record bank charges
2,052.00
412.50
500.00
700.00
275.00
1,453.30
51.24
51.24
44,890.61
973.31
43,917.30
3,312.37
3,312.37
BUENO MARKETING
Sales Journal
Date
June 2,
June 3,
June 6,
June 9,
June 11,
June 15,
June 17,
June 22,
June 23,
June 29,
Customer
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
Emma perez
Phil. Christian House
Care Supermarket
Joni Bolatao
Vasquez grocery
Mang pandong
Marieta Mallari
Fairview
International SM
Merle Anastacio
Terms
COD
25%DP
25%DP
COD
25%DP
25%DP
COD
25%DP
25%DP
COD
Inv #
0008
0018
0019
0020
0021
0022
0023
0024
0025
0026
A/R debit
Output Tax
1,332.80
1,280.00
10,071.15
4,655.80
415.00
8,593.79
5,662.42
1,285.00
4,713.26
5,107.49
1,190.00
153.60
1,208.54
558.69
49.80
1,031.25
679.49
154.20
565.59
612.90
142.80
4,670.40
42,973.91
5,156.86
11,279.69
5,214.49
464.80
9,625.04
6,341.91
1,439.20
5,278.85
5,720.39
43,460.37
Sales credit
BUENO MARKETING
Cash Receipts Journal
Date
June 2,
June 2,
June 4,
June 5,
June 6,
June 9,
June 10,
June 11,
June 14,
June 15,
June 17,
June 22,
June 23,
June 27,
June 29,
Received from
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
2008
Emma perez
Phil Christian house
International SM
vasquez
care supermarket
Joni Bolatao
Phil Christian house
vasquez
care supermarket
mang pandong
marieta mallari
fairview
international SM
fairview
merle anastacio
Explaination
cash sales
25% down payment
Full payment
Full payment
25% down payment
cash sales
Full payment
25% down payment
Full payment
25% down payment
cash sales
25% down payment
25% down payment
partial payment
cash sales
OR
CI
0008
0009
Sales
Cash in bank (dr) discount
1,433.60
2,819.92
3,779.79
3,374.14
1,303.62
464.80
8,290.57
2,406.26
3,910.87
1,585.48
1,439.20
1,319.71
1,430.10
1,979.57
1,332.80
36,870.42
Accounts
Receivable (CR)
Cash sales
(Cr)
Sundry Credit
Account Amount
1,433.60
68.87
2,819.92
3,856.92
3,374.14
1,303.62
Output tax
(8.26)
Output tax
(18.13)
464.80
151.07
8,459.77
2,406.26
3,910.87
1,585.48
1,439.20
1,319.71
1,430.10
1,979.57
1,332.80
219.94
32,446.35
4,670.40
(26.39)
BUENO MARKETING
Purchases Journal
Date
Purchases from
June 4, 2008 Evergreen manufacturing Co.
June 16, 2008 Evergreen manufacturing Co.
Terms
n/60
n/60
INV #
310
338
Purchases (Dr)
10,499.40
23,180.63
33,680.03
A/P (cr)
11,759.33
25,962.31
37,721.64
BUENO MARKETING
Cash Payment Journal
Date
Paid to
CV #
2-Jun Sy Development Co. 00038
Cash in
CHK #
Bank ( cr)
668860
11,000.00
Purchase
Disc. (cr)
Accounts
payable (dr)
Sundry
Account
debit
Rent expense
10,000.00
Utilities Expense
1,500.00
Creditable w/helding tax
2-Jun BIR
00039
668861
2,058.15
Vat payable
2,058.15
2-Jun BIR
00040
668862
1,633.58
1,633.58
7-Jun HDMF
00041
668863
1,000.00
PAGIBIG payable
1,000.00
7-Jun SSS
00042
668864
3,152.00
SS EC payable
3,152.00
7-Jun Philhealth
00043
668865
825.00
7-Jun Colgate
00044
668866
5,615.84
9-Jun BIR
00045
668867
500.00
500.00
00046
668868
1,700.00
mabuhay personal
repair & maintenance
Input tax
Gas and oil
200.00
892.86
160.71
446.43
14-Jun Evergreen
00047
668869
7,268.02
00048
668870
15,683.21
17-Jun Extelcom
00049
668871
552.05
21-Jun Evergreen
00050
668872
7,268.03
00051
668873
13,670.71
######
Philhealth payable
102.33
credit
500.00
825.00
12.28
7,268.02
salaries exp.
Withholding tax payable
Utilities exp.
16,500.00
816.79
552.05
7,268.03
salarie exp
Withholding tax payable
SS EC payable
Philhealth payable
pagibig payable
102.33
20,266.50
16,500.00
816.79
412.50
500.00
BUENO MARKETING
INCOME STATEMENT
For The Month Ended June 30, 2008
Sales
Sales discount
Net Sales
Cost of sales
Beg. Inventory
Purchases
Purchase Discount
Purchase Return
End Inventory
42,973.91
219.94
42,753.97
43,917.30
33,680.03
(102.33)
(471.43)
(44,890.61)
Gross Profit
Administrative Expenses:
Gas and oil
Salaries
Supplies expense
Utilities Expense
Repair and maintenance
SS EC exp
Philhealth exp
PAGIBIG
Rent expense
Depreciation - Furn. & equip.
Depreciation - Delivery equip
Bank charges
Interest expense
Mabuhay personal
Net Income (Loss)
32,132.96
10,621.01
758.93
33,000.00
313.35
2,052.05
1,602.96
2,052.00
412.50
500.00
10,000.00
832.19
1,500.00
700.00
51.24
200.00
53,975.22
(43,354.21)
BUENO MARKETING
BANK RECONCILIATION
For the Month June 30, 2008
43,529.70
3,312.37
Amount
500.00
1,200.00
1,700.00
Amount
1,700.00
7,268.03
8,968.03
Less:
Outstanding checks:
Check #
668868
668872
Adjusted Balance per Bank
39,574.04
40,274.03
Less:
Bank service charge
Adjusted Balance per Books
700.00
39,574.03
BUENO MARKETING
BALANCE SHEET
As of June 30, 2008
Current Assets:
Cash on hand
Accounts Receivable
Merchandise Inventory
Prepaid supplies
Property, Plant and Equipment
Other Assets
TOTAL ASSETS
Current Liabilities:
Accounts payable
SS & Ec Premuims payable
PH Premium payable
PAGIBIG
W/holding tax
Rent payable
Utilities payable
Interest payable
VAT Payable
(Note 1)
(Note 2)
40,120.73
18,245.08
44,890.61
275.00
(Note 3)
(Note 4)
(Note 5)
Owner's equity:
Mabuhay Capital
TOTAL LIABILITIES AND OWNER'S EQUITY
103,531.42
151,092.81
12,000.00
266,624.23
37,193.64
3,152.00
825.00
1,000.00
1,633.58
10,000.00
1,500.00
51.24
292.30
55,647.76
5,124.00
5,124.00
205,852.47
205,852.47
266,624.23
BUENO MARKETING
Notes
As of June 30, 2008
Note 1:
Cash on Hand
Cash in Bank
Petty Cash Fund
Note 2:
Vasquez grocery
Mang pandong
Fairview
International SM
Note 3:
Furn & equip
Accum Depr - F & E
Delivery equip
Accum Depr - DE
Note 4:
Other Assets:
Deposit for rent
Deposit for Utilities
Note 5:
Evergeen Mfg. Co.
3,312.37
36,261.66
546.70
40,120.73
7,218.79
4,756.43
1,979.57
4,290.29
18,245.08
67,075.00
(1,482.19)
90,000.00
(4,500.00)
151,092.81
10,000.00
2,000.00
12,000.00
37,193.64
BUENO MARKETING
Post Closing Trial balace
As of June 30, 2008
Cash on hand
Cash in Bank
Petty Cash Fund
Accounts Receivable
Merchandise Inventory
Prepaid supplies
Furn & Equip
Accum Depr - F & E
Delivery equip
Accum Depr - DE
Deposit for rent
Deposit for utilities
Accounts payable
Notes Payable
SS & Ec Premuims payable
PH Premium payable
PAGIBIG
W/holding tax
Rent payable
Utilities payable
VAT payable
Interest payable
Mabuhay Capital
TOTAL
3,312.37
36,261.66
546.70
18,245.08
44,890.61
275.00
67,075.00
1,482.19
90,000.00
4,500.00
10,000.00
2,000.00
37,193.64
5,124.00
3,152.00
825.00
1,000.00
1,633.58
10,000.00
1,500.00
292.30
51.24
205,852.47
272,606.42
272,606.42
BUENO MARKETING
Closing Entries
As of June 30, 2008
Sales
Purchase Discount
Purchases return and allowances
Cost of sales
Income and expense summary
Mabuhay Personal
Sales Discount
Purchases
Gas and oil
Salaries
Supplies expense
Utilities Expense
Repair and maintenance
SS EC exp
Philhealth exp
pagibig exp
Rent expense
Depreciation - Furn. & equip.
Depreciation - Delivery equip
Bank charges
Interest expense
TOTAL
42,973.91
102.33
471.43
973.31
43354.2075
200.00
219.94
33,680.03
758.93
33,000.00
313.35
2,052.05
1,602.96
2,052.00
412.50
500.00
10,000.00
832.19
1,500.00
700.00
51.24
87,875.19
87,875.19
Gross pay
3,000.00
4,000.00
3,000.00
3,500.00
3,000.00
16,500.00
withholding tax
213.60
281.72
7.28
253.81
60.38
816.79
SS
Gross pay
3,000.00
4,000.00
3,000.00
3,500.00
3,000.00
16,500.00
employers share
withholding tax
213.60
281.72
7.28
253.81
60.38
816.79
SS
janet lopez
pilar
jess
daisy
willy
janet lopez
pilar
jess
daisy
willy
PH
PH
200.00
266.70
200.00
233.30
200.00
1,100.00
2,052.00
3,152.00
75.00
100.00
75.00
87.50
75.00
412.50
412.50
825.00
Pagibig
others
Pagibig
100.00
100.00
100.00
100.00
100.00
500.00
500.00
1,000.00
others
Total
213.60
281.72
7.28
253.81
60.38
816.79
net pay
2,786.40
3,718.28
2,992.72
3,246.19
2,939.62
15,683.21
Total
588.60
748.42
382.28
674.61
435.38
2,829.29
net pay
2,411.40
3,251.58
2,617.72
2,825.39
2,564.62
13,670.71