1.

SALES JOURNAL

Date Customer Invoice No. F Accounts Receivable Debit Cash Sales Debit Sales Credit

12-May Mr. Bello 001 √ 8,250 8,250

Bessie's Appliance
15-May 002 √ 25,000 25,000 50,000
Stoore
25-May Music Museum 003 √ 15,000 15,000
₱ 48,250.00 ₱ 25,000.00 ₱ 73,250.00
(102) √ (501)
2. SUBSIDIARY LEDGERS

Name : MR. BELLO

Address :
Term : 1/10, n/30
Date Explanation F Debit Credit Balance
12-May Invoice 001 SJ1 8,250.00 8,250.00
30-May OR No.5 CRJ1 ₱8,250 0

Name : BESSIE'S APPLIANCE STORE

Address :
Term : 50% down, Balance 1/15, n/30
Date Explanation F Debit Credit Balance
Sales Invoice 002 SJ2 50,000.00 50,000.00
15-May
Down payment CRJ5 25,000 25,000
22-May Partial collection CRJ5 5,050.50 20,000
Balance collection CRJ5 19,500 500
28-May
Sales discount CRJ5 500

Name : MUSIC MUSEUM

Address :
Term : 1/10, n/30
Date Explanation F Debit Credit Balance
25-May Invoice 003 SJ3 15,000.00 15,000.00
3. GENERAL LEDGER

CASH

Balance
Date Explanation F Debit Credit
Debit Credit
CRJ5 560,513.75 560,513.75
May 31
CDJ5 330,650 229,863.75

ACCOUNTS RECEIVABLE

Balance
Date Explanation F Debit Credit
Debit Credit
31-May ₱48,250
31 ₱25,000 ₱23,250
20 8,250 15,000

MERCHANDISE INVENTORY

Balance
Date Explanation F Debit Credit
Debit Credit
3-May ₱1,380,000 ₱1,380,000

FURNITURE AND FIXTURE

Balance
Date Explanation F Debit Credit
Debit Credit
3-May ₱550,000 ₱550,000

EQUIPMENT

Balance
Date Explanation F Debit Credit
Debit Credit
3-May ₱750,000 ₱750,000

NOTES RECEIVABLE

Balance
Date Explanation F Debit Credit
Debit Credit
20-May ₱8,250
30 ₱8,250 0
 ACCOUNTS PAYABLE

Balance
Date Explanation F Debit Credit
Debit Credit
31-May ₱235,000
3 250,000 ₱480,000
31 ₱235,000 250,000

NOTES PAYABLE

Balance
Date Explanation F Debit Credit
Debit Credit
8-May ₱15,000 ₱15,000

WITHHOLDING TAX PAYABLE

Balance
Date Explanation F Debit Credit
Debit Credit
3-May ₱750 ₱750

SSS, PH and PAG-IBIG PAYABLE

Balance
Date Explanation F Debit Credit
Debit Credit
3-May ₱4,200 ₱4,200

Flores, CAPITAL

Balance
Date Explanation F Debit Credit
Debit Credit
31-May ₱2,930,000 ₱2,930,000

Flores, DRAWINGS

Balance
Date Explanation F Debit Credit
Debit Credit
14-May ₱1,500 ₱1,500

SALES

Balance
Date Explanation F Debit Credit
Debit Credit
31-May ₱73,250 ₱73,250
 INTEREST INCOME

Balance
Date Explanation F Debit Credit
Debit Credit
30-May ₱13.75 ₱13.75

SALES DISCOUNT

Balance
Date Explanation F Debit Credit
Debit Credit
22-May ₱250 ₱250

FREIGHT IN

Balance
Date Explanation F Debit Credit
Debit Credit
5-May ₱12,500 ₱12,500

PURCHASES

Balance
Date Explanation F Debit Credit
Debit Credit
31-May ₱325,000 ₱325,000

PURCHASE RETURN AND ALLOWANCES

Balance
Date Explanation F Debit Credit
Debit Credit
16-May ₱2,500 ₱2,500

PURCHASE DISCOUNT

Balance
Date Explanation F Debit Credit
Debit Credit
10-May ₱4,400 ₱4,400

FREIGHT OUT

Balance
Date Explanation F Debit Credit
Debit Credit
30-May ₱1,000 ₱1,000

SALARIES EXPENSE

Balance
Date Explanation F Debit Credit
 Date Explanation F Debit Credit
Debit Credit
31-May ₱15,000 ₱15,000
 TRIAL BALANCE

Society Dry Goods Store

Unadjusted Trial Balance
May 31 20__
ACCOUNT TITLES F DEBIT CREDIT
Cash ₱229,863.75
Accounts Receivable 15,000
Merchandise Inventory 1,380,000
Furniture & Fixture 550,000
Equipment 750,000
Accounts Payable ₱250,000
Notes Payable 15,000
Withholding taxes Payable 750
SSS,PH and PAG-IBIG Premiums 4,200
E.Flores, Capital 2,930,000
E.Flores, Drawings 1,500
Sales 73,250
Interest Income 13.75
Sales Discount 250
Purchases 325,000
Freight in 12,500
Purchase Return and Allowances 2,500
Purchase Discounts 4,400
Freight out 1,000
Salaries Expense 15,000
TOTAL ₱3,280,113.75 ₱3,280,113.75
4. CASH RECEIPTS JOURNAL

Sales
Date Received From Explanation OR # Cash Debit Disc. F
Debit
2-May Ely Flores Investment on file ₱ 500,000
Bessie's Appliance 25,000 √
15-May Full collect 01
Store
16-May Sony Cash refund 02 2,500

22-May Bessie's Partial payment 03 5,000 √

28-May Bessie's Full payment 04 19,750 ₱ 250 √
30-May Mr.Bello Paid note 05 7,755 495 √
₱ 560,005.00 ₱ 745.00
(101) (502)
 Account SUNDRY
Cash Sales
Receivable Account Title
Credit
Credit F Debit Credit
Flores, Capital ₱ 500,000
₱ 25,000
Purchased 2,500
return
5,000
20,000
8,250 Notes payable
₱ 58,250.00 ₱ 502,500.00
(102)
5. CASH SALES

SALES JOURNAL
Date Customer's Name Invoice No. F Amount
12-May Mr. Bello 001 8,250
15-May Bessie's Appliance Store 002 50,000

25-May Music Museum 003 15,000

₱ 73,250.00

CASH RECEIPTS JOURNAL

Sales Account
Date Received From Explanation OR # Cash Debit Disc. F Receivable
Debit Credit
May 2 Ely Flores Investment on file ₱ 500,000
15 Bessie's Appliance Store Down payment 01 25,000 √ ₱ 25,000
16 Sony, Inc. Cash refund 02 2,500
22 Bessie's Appliance Store Partial collection 03 5,000 √ 5,000
28 Bessie's Appliance Store Balance collection 04 19,500 ₱ 500 √ 20,000
30 Mr. Bello Note collection 05 7,755 495 √ 8,250
₱ 559,755 ₱ 995 ₱ 58,250
(101) (502) (102)
SALES

Date Explanation F Debit Credit Balance

Sales SUNDRY
Credit
Account Title F Debit Credit
Flores, Capital ₱ 500,000

Purchase Return 2,500

₱ 502,500
 6. PURCHASES JOURNAL

Accounts Cash Purchases

Date Purchased From Inv. Purchases Debit F
Payable Credit Credit

5-May Concepcion Industries 17 ₱220,000 ₱220,000

8 All Fine Furnishings 540 30,000 15,000 15,000
13 Sony, Inc. 75,000 75,000
₱325,000 ₱235,000 ₱90,000
7.CASH DISBURSEMENTS JOURNAL

Purchase Accounts Payable SUNDRY

Vo. Cash Purchases
Date Paid to Explanation Cash Credit Discount
No. Debit
Credit
F Debit Account Title F Debit Credit
5-May Concepcion Industries Freight 1 ₱ 12,500 Freight In 12,500.00
8-May All Fine Furnishing 10 day, 8% 2 15,000 ₱ 15,000
10-May Concepcion Industries Full Payment 3 215,600 ₱ 4,400 √ 220,000
13-May Sony, Inc. Cash Purchase 4 75,000 ₱ 75,000
14-May Ely Flores Personal Loan 5 1,500 Withdrawal 1,500
25-May Music Museum Freight 6 1,000 Freight Out 1,000.00
31-May Employees Salaries 7 10,050 Salaries 15,000.00
Witholding Tax 750.00
SSS 2,400.00
Philhealth 900.00
Pag-ibig 900.00
₱ 330,650 ₱ 4,400 ₱ 235,000 ₱ 75,000 ₱ 30,000 ₱ 4,950
(101) (602) (301) √ √ √
8. GENERAL JOURNAL

Society Dry Goods Store

General Journal
May 31 20__
DATE ACCOUNT TITLES F DEBIT CREDIT
3-May Merchandise ₱1,380,000
Furniture & Fixture 550,000
Equipment 750,000
Accounts Payable ₱250,000
Flores, Capital 2,430,000
Additional Investment

8 Accounts Payable 15,000

Notes Payable 15,000
Issued a note 10 day, 8%

20 Notes Receivable 8,250

Accounts Receivable 8,250
Received a note 10 day, 6%