Module 4 Solution Manual-2 PDF

Problem 4.
(Requirement a)
SALES JOURNAL
Accounts
Invoice VAT Output Sales
Date Sold to PR Receivable
No.
Debit Credit Credit
JUNE 2 0323 Laura Tomas 2,180.00 233.57 1,946.43
9 0324 Harry Llanos 4,256.00 456.00 3,800.00
16 0325 Maria Avella 4,144.00 444.00 3,700.00
23 0326 Alex Homes 4,298.00 460.50 3,857.00
30 0327 Paul Barnes 7,056.00 756.00 6,300.00
21,934.00 2,350.07 19,603.43
-103 -210 -401
Problem 4.1
(Requirement b) ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Laura Tomas 801

Date Explanation PR Debit Credit Balance
June 2 SJ1 2,180.00 2,180.00
Harry Llanos 802

June 9 SJ1 4,256.00 4,256.00
Maria Avella 803

June # SJ1 4,144.00 4,144.00
Alex Homes 804

June # SJ1 4,298.00 4,298.00
Paul Barnes 805

June # SJ1 7,056.00 7,056.00
Problem 4.2
PURCHASE JOURNAL
Invoice Purchased Purchases VAT Input Accounts Payable
Date PR
No. From
Debit Debit Credit
June 1 10256 Hagen Clothing 901 7,000.00 840.00 7,840.00
8 21789 Giorgio Company 902 12,000.00 1,440.00 13,440.00
15 011523 Glow Company 903 8,400.00 1,008.00 9,408.00
22 17255 Lucky Enterprise 904 9,250.00 1,110.00 10,360.00
29 31458 Bloom Bazaar 905 10,750.00 1,290.00 12,040.00
47,400.00 5,688.00 53,088.00
-501 -110 -201
Problem 4.2
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Hagen Clothing 901

June 1 PJ1 7,840.00 7,840.00
Giorgio Company 902

June 8 PJ1 13,440.00 13,440.00
Glovo Company 903

June 15 PJ1 9,408.00 9,408.00
Lucky Enterprise 904

June 22 PJ1 10,360.00 10,360.00
Bloom Bazaar 905

June 29 PJ1 12,040.00 12,040.00
Problem 4.3
CASH RECEIPT JOURNAL

Invoice Sales Accounts VAT
Date Received from Cash PR Sales Sundry CR
OR no. Discount Receivable Output
Debit Debit Credit Credit Credit Account PR Amount
June 3 Jose Santos 0322 3,780.00 70.00  3,850.00
6 Cash 501-06 3,976.00 3,550.00 426.00
12 Laura Tomas 0323 2,052.00 38.00  2,090.00
14 Cash 507-14 4,592.00 4,100.00 492.00
16 Anna Gomez 418 900.00 Office Equipment 900.00
19 Harry Llanos 419 2,000.00  2,000.00
21 Cash 515-22 3,931.20 3,510.00 421.20
23 Maria Avella 420 3,996.00 74.00  4,070.00
28 Cash 523-30 4,323.00 3,859.82 463.18
29,550.20 182.00 12,010.00 15,019.82 1,802.38 900.00
Problem 4.3
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Laura Tomas 801

June 2 SJ1 2,180.00 2,180.00
12 CRJ1 2,090.00 90.00
Harry Llanos 802

June 9 SJ1 4,256.00 4,256.00
19 CRJ1 2,000.00 2,256.00
Maria Avella 803

June 16 SJ1 4,144.00 4,144.00
23 CRJ1 4,070.00 74.00
Alex Homes 804

June 23 SJ1 4,298.00 4,298.00
Paul Barnes 805

June 30 SJ1 7,056.00 7,056.00
Jose Santos
May 23 BB 3,850.00
June 3 CRJ1 3,850.00
Problem 4.4
CASH PAYMENTS JOURNAL

Purchase Accounts VAT
Date Paid to Check No. Cash PR Purchases
Discount Payable Input Sundry DR
CR CR DR DR DR Account PR Amount
June 1 Life Realty 631201 4,000.00 Rent Expense 4,000.00
2 Pen Shoppe 631202 4,648.00 4,150.00 498.00
11 Hagen Clothing 631203 7,686.00 154.00  7,840.00
15 National Tribune 631204 1,500.00 Advertising Expense 1,500.00
18 Giorgio Company 631205 5,000.00  5,000.00
22 SM Fashion 631206 5,107.20 4,560.00 547.00
25 Glow Company 631207 9,240.00 168.00  9,408.00
30 Pay to Payroll 631208 8,400.00 Salaries Expense 8,400.00
45,581.20 322.00 22,248.00 8,710.00 1,045.00 13,900.00
Problem 4.4
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Hagen Clothing 901

June 1 PJ1 7,840.00 7,840.00
11 CPJ1 7,840.00 0.00
Giorgio Company 902

June 8 PJ1 13,440.00 13,440.00
18 CPJ1 5,000.00 8,440.00
Glow Company 903

June 15 PJ1 9,408.00 9,408.00
CPJ1 9,408.00 0.00
Lucky Enterprise 904

June 22 PJ1 10,360.00 10,360.00
Bloom Bazzar 905

June 29 PJ1 12,040.00 12,040.00
Problem 4.5
SALES JOURNAL Page 1

Invoice Accounts Sales
Date Sold to PR VAT Output
No. Receivable Auto part Truck Parts
DR CR CR CR
July 1 7470 Meadow Company  3,920.00 420.00 3,500.00
3 7472 Pathway Trucking  5,376.00 576.00 4,800.00
5 7473 Manila Bus Lines  2,912.00 312.00 2,600.00
7 7474 Wax Company  5,544.00 594.00 1,750.00 3,200.00
9 7475 Young Company  4,547.20 487.20 4,060.00
11 7476 KKK Hauling Co.  3,617.60 387.60 3,230.00
13 7477 Meadow Company  2,307.20 247.20 2,060.00 2,600.00
15 7478 Manila Bus Lines  2,912.00 312.00
17 7479 Young Company  1,299.20 139.20 1,160.00 1,980.00
19 7480 Pathway Trucking  2,217.60 237.60 2,650.00
21 7481 KKK Hauling Co.  2,968.00 318.00 4,200.00
23 7482 Wax Company  8,008.00 858.00 2,950.00 3,580.00
25 7483 Manila Bus Lines  4,009.60 429.60
27 7484 Young Company  3,315.20 355.20 2,960.00 2,880.00
29 7485 Pathway Trucking  3,225.60 345.60
31 7486 Meadow Company  3,528.00 378.00 3,150.00
59,707.20 6,397.20 21,590.00 31,720.00
-103 -210 -401 -405
Problem 4.5
GENERAL LEDGER
Accounts Receivable 103

Date Explanation PR DR Date Explanation PR CR
July 1 BB 21,380.00
31 SJ1 59,707.20
Sales - Auto Parts 401

July 1 BB 155,000.00
31 SJ1 21,590.00
Sales - Truck Parts 405

July 1 BB 189,000.00
31 SJ1 31,720.00
VAT Output TAX 210

July 1 BB -
31 SJ1 6,397.20
Problem 4.5
ACCOUNTS RECEIVABLE - SUBSIDIARY LEDGER
Meadow Company
July 1 BB 2,250.00
1 SJ1 3,920.00 6,170.00
13 SJ1 2,307.20 8,477.20
31 SJ1 3,528.00 12,005.20
Pathway Trucking
July 1 BB 5,600.00
3 SJ1 5,376.00 10,976.00
19 SJ1 2,217.60 13,193.60
29 SJ1 3,225.60 16,419.20
Manila Bus Lines

July 1 BB 3,040.00
5 SJ1 2,912.00 5,952.00
15 SJ1 2,912.00 8,864.00
25 SJ1 4,009.60 12,873.60
Wax Company
July 1 BB 7,400.00
7 SJ1 5,544.00 12,944.00
23 SJ1 8,008.00 20,952.00
Young Company
July 1 BB 1,060.00
9 SJ1 4,547.20 5,607.20
17 SJ1 1,299.20 6,906.40
27 SJ1 3,315.20 10,221.60
KKK Hauling
July 1 BB 2,030.00
11 SJ1 3,617.60 5,647.60
21 SJ1 2,968.00 8,615.60
Problem 4.6
PURCHASE JOURNAL Page 1

Purchases VAT Input Accounts Payable
Date Invoice No. Purchased From PR
Debit Debit Credit
March 3 2201 Max Company  17,500.00 2,100.00 19,600.00
9 1523 Novak Sports  8,950.00 1,074.00 10,024.00
# 1754 Fairmont Supplies  883.93 106.07 990.00
# 2525 Bradford Equipment  12,350.00 1,482.00 13,832.00
# 3355 GMX Fabrications  5,000.00 600.00 5,600.00
# 4327 Palmer Golf Co.  23,580.00 2,829.60 26,409.60
68,263.93 8,191.67 76,455.60
-501 -110 -201
Problem 4.6
GENERAL LEDGER ACCOUNTS
Accounts Payable 201

March 1 BB 38,605.00
31 PJ1 76,455.60
Purchases 501
March 1 BB 65,350.50
31 PJ1 68,263.93
VAT Input
March 1 BB -
31 PJ1 8,191.67
Problem 4.6
Accounts Payable Subsidiary Ledger
Max Company
March 1 BB 2,250.00
3 PJ1 19,600.00 21,850.00
Novak Sports
March 1 BB 4,680.00
9 PJ1 10,024.00 14,704.00
Fairmont Supplies
March 1 BB 1,020.00
15 PJ1 990.00 2,010.00
Bradford Equipment
March 1 BB 9,525.00
21 PJ1 13,832.00 23,357.00
GMX Fabrication
March 1 BB 7,650.00
25 PJ1 5,600.00 13,250.00
Palmer Golf Company

March 1 BB 6,940.00
31 PJ1 26,409.00 33,349.00
Problem 4.7
SALES JOURNAL
VAT
Accounts Receivable Sales
Date Invoice No. Sold to PR Output
Debit Credit Credit
July 3 0001 Mario Liberal  3,875.20 415.20 3,460.00
5 0002 Torero Oberon  3,136.00 336.00 2,800.00
8 0003 Amelia Hartman  4,748.80 508.80 4,240.00
10 0004 Marcela Vernal  4,816.00 516.00 4,300.00
18 0007 Torero Oberon  3,696.00 396.00 3,300.00
21 0008 Ginger Zamora  4,070.00 436.07 3,633.93
23 0009 Marcelo Vernal  4,070.00 436.07 3,633.93
26 0010 Mario Liberal  3,304.00 354.00 2,950.00
31 0011 Amelia Hartman  4,984.00 534.00 4,450.00
36,700.00 3,932.14 32,767.86
(103) (210) (401)
Problem 4.7
PURCHASE JOURNAL
Invoice Purchases VAT Input Accounts Payable
Date Purchased From PR
No.
Debit Debit Credit
July 1 33152 Popshop Company  14,970.00 1,796.40 16,766.40
6 41321 Giordano Wear  18,520.00 2,222.40 20,742.40
8 60811 Montage Apparel  22,000.00 2,640.00 26,640.00
28 88123 Best Clothing Co.  15,950.00 1,914.00 17,864.00
30 55789 Popshop Company  13,700.00 1,644.00 15,344.00
85,140.00 10,216.80 97,356.80
(501) (110) (201)
Problem 4.7
GENERAL JOURNAL Page 1

Date Description PR Debit Credit
July 3 Store Equipment 121 35000
VAT Input Tax 110 4200
Accounts Payable - Ace Equipment Co. 201/002 39200
17 Accounts Payable - Montage Apparel 004 1680

Purchase Return & Allowances 502 1500
VAT Input Tax 110 180
18 Accounts Payable - Ace Equipment Co. 201/002 39200

Notes Payable - Ace Equipment Co. 202 39200
23 Sales Return & Allowances 402 700

VAT Output 210 84
Accounts Receivable - Ginger Zamora 005 784
30 Note Receivable 102 3696

Accounts Receivable - Torero Obero 002 3696
Problem 4.7
CASH RECEIPT JOURNAL Page 1

Date Received From OR No. Cash Accounts Sales VAT
Sales Discount PR Sundry DR
Receivable Output a
Debit Credit Credit Credit Debit Account PR Amount
July 1 Sharon Abella 001 150,000 Sharon Abella Capital 301 150,000
6 Cash Sales 002 17,662 15,770 1,892
11 Mario Liberal 003 3,806 69 001 3,875
13 Cash Sales 004 18,200 16,250 1,950
15 Torero Oberon 005 3,080 56 002 3,136
17 Amelia Hartman 006 4,664 85 003 4,749
20 Marcelo Vernal 007 4,730 86 004 4,816
21 Cash Sales 008 19,656 17,550 2,106
27 Cash Sales 009 17,741 15,840 1,901
239,539 296 16,576 33,390 4,007 150,000
(101) (403) (103) (401) (210)
Problem 4.7
CASH PAYMENTS JOURNAL

Purchase Accounts VAT
Date Paid to Check No. Cash PR Purchases Sundry DR
Discount Payable Input
CR CR DR DR DR Account PR Amount
July 1 Cash 231781 13,843 12,360 1,483
2 Office Equipment 231782 33,600 3,600 Office Equipment 123 30,000.00
2 Insurance 231783 1,800 Insurance 105 1,800.00
3 Advertisement 231784 600 Advertisement 602 600.00
4 Store Rental 231785 6,000 Store Rental 603 6,000.00
4 Business Permit 231786 750 Business Permit 606 750.00
5 Office Supplies 231787 2,195 235 Office Supplies 104 1,959.82
8 Miscellaneous Expense 231788 600 Miscellaneous Expense 608 600.00
9 Cash 231789 3,987 3,560 427
10 Popshop Company 231790 16,467 299 001 16,766
16 Giordano Wear 231791 20,372 370 003 20,742
20 Super Shipping Lines 231792 1,200 Transportation In 504 1,200.00
22 Cash 231793 6,776 6,050 726
24 Sharon Abella 231794 8,000 Sharon Abella, Drawings 302 8,000.00
28 Utilities 231795 1,250 Utilities Expense 607 1,250.00
29 Salaries 231796 5,200 Salaries Expense 601 5,200.00
122,640 670 37,509 21,970 6,472 57,359.82
(101) (503) (201) (501) (110)
Problem 4.7
GENERAL LEDGER ACCOUNTS
Cash 101
July 31 CR1 239,539.20 July 31 CP1 122,640.40
Note Receivable 102

July 31 GJ1 3,696.00
Accounts Receivable 103

July 31 S1 36,700.00 July 23 G1 784.00
30 G1 3,696.00
31 CR1 16,576.00
Office Supplies 104

July 5 CP1 1,959.82
Prepaid Insurance 105

July 2 CP1 1,800.00
VAT Input Tax 106

July 3 G1 4,200.00 July 17 G1 180.00
31 S1 10,216.80
31 CP1 6,471.58
Problem 4.7
Store Equipment 121

July 3 G1 35,000.00
Office Equipment 123

July 2 CP1 30,000.00
Accounts Payables 201

July 17 G1 1,680.00 July 3 G1 39,200.00
18 G1 39,200.00 31 P1 95,356.80
31 CP1 37,508.80
Notes Payable 202

July 31 G1 39,200.00
VAT Output Tax 210

July 28 G1 84,000.00
Sharon Abella, Capital 301

July 1 CR1 150,000.00
Sharon Abella, Drawings 302

July 24 CP1 8,000.00
Problem 4.7
Sales 401
July 31 S1 32,767.86
31 CR1 65,410.00
Sales Returns & Allowances 402

July 23 G1 700.00
Sales Discount 403

July 31 CR1 296.00
Purchases 501
July 31 P1 85,140.00
31 CP1 21,970.00
Purchases Returns & Allowances 502

July 17 G1 1500.00
Purchases Discounts 503

July 31 CP1 669.80
Transportation In 504
July 20 CP1 1,200.00
Problem 4.7
Salaries Expense 601

July 29 CP1 5,200.00
Advertising Expense 602

July 3 CP1 600.00
Rent Expense 603

July 4 CP1 6,000.00
Tax Expense 606

July 4 CP1 750.00
Utilities Expense 607

July 28 CP1 1,250.00
Miscellaneous Expense 608

July 8 CP1 600.00
Problem 4.7
ACCOUNTS RECEIVABLE - SUBSIDIARY LEDGER
a Mario Liberal 001

July 3 S1 3,875.00 3,875.00
11 CR1 3,875.00 -
26 S1 3,304.00 3,304.00
Torero Oberon 002

July 5 S1 3,136.00 3,136.00
15 CR1 3,136.00 -
18 3,696.00
30 3,696.00 -
Amelia Hartman 003

July 8 S1 4,748.00 4,748.00
17 CR1 4,748.00 -
31 S1 4,984.00 4,984.00
Marcelo Vernal 004

July 10 S1 4,816.00 4,816.00
20 CR1 4,816.00 -
23 S1 4,070.00 4,070.00
Ginger Zamora 005

July 21 S1 4,070.00 4,070.00
23 GJ1 784.00 3,286.00
Problem 4.7
ACCOUNTS PAYABLE - SUBSIDIARY LEDGER
Popshop Company
Date Explanation
PR Debit Credit Balance
July 1 P1 16766.4 16766.4
. 10 CP1 16766.4 -
30 P1 15344 15344
Ace Equipment Co.

Date Explanation
July 3 GJ1 39200 39200
18 GJ1 39200 -
Giordano Wear
Date Explanation
July 6 P1 20742.4 20742.4
16 CP1 20742.4 -
Montage Apparel
Date Explanation
July 8 P1 24640 24640
17 GJ1 24640 -
Best Clothing Co.

Date Explanation
July 28 P1 17864 17864
Problem 4.7
Sharon Apparel Store

Schedule of Accounts Receivable
As of July 31, 2007
Customer's Name Outstanding Balance

1. Mario Liberal P 3,304.00
2. Amelia Hartman 4,984.00
3. Marcelo Vernal 4,070.00
4. Ginger Zamora 3,286.00
Total P 15,644.00

Schedule of Accounts Payable
As of July 31, 2007
Creditor's Name Outstanding Balance

1. Popshop Company P 15,344.00
2. Montage Apparel 22,960.00
3. Best Clothing Co. 17,864.00
Total P 56,168.00
Problem 4.7

Trial Balance
As of July 31, 2007
Account Title Debit Credit

Cash 116,898.80
Note Receivable 3,696.00
Account Receivable 15,644.00
Office Supplies 1,959.82
Prepaid Insurance 1,800.00
VAT Input Tax 20,708.38
Store Equipment 35,000.00
Office Equipment 30,000.00
Accounts Payable 56,168.00
Notes Payable 39,200.00
VAT Output Tax 11,697.34
Sharon Abella, Capital 150,000.00
Sharon Abella, Drawings 8,000.00
Sales 98,177.86
Sales Return & Allowances 700.00
Sales Discount 296.00
Purchases 107,110.00
Purchase Returns & Allowances 1,500.00
Purchase Discount 669.80
Transportation In 1,200.00
Salaries Expense 5,200.00
Advertising Expense 600.00
Rent Expense 6,000.00
Tax Expense 750.00
Utilities Expense 1,250.00
Miscellaneous Expense 600.00
Total 357,413.00 357,413.00
Problem 4.8
GENERAL JOURNAL
June 5 Purchases 16,000.00
Account Payable 17,920.00
10 Purchases 22,500.00
Account Payable 25,200.00
15 Account Payable 17,920.00

Purchase Discount 320.00
Cash 17,600.00
17 Account Payable 2,800.00

Purchase Return & Allowances 2,500.00
VAT Input Tax 300.00
July 5 Account Payable 19,700.00

Cash 19,700.00
Problem 4.9
VOUCHER REGISTER
Sundry Vouchers Office Salaries
VAT Input Purchase Paid
Voucher Amount Payable Equipmen Expense
Date Payee P
No. Account
R Debit Credit Credit Debit Debit Debit Debit Date Check No.
July 1 221 Megan Realty Rent Expense 6,000 6,000 July 10 111,501
5 222 Bristol Distribution 42,560 4,560 38,000 14 111,503
9 223 Glow Company 7,840 840 7,000 18 111,505
13 224 DX Office Supply Office Supplies 1,200 1,344 144 13 111,502
15 225 Payroll Withholding Tax Payable 575 5,550 6,550 15 111,504
SSS Premium Payable 425
17 226 Border Products 8,960 960 8,000 27 111,506
21 227 Bristol Distribution 34,552 3,702 30,850
7,200 1,000 106,806 10,206 83,850 6,550
Problem 4.10
CHECK REGISTER
Vouchers Purchase
Vouchers Payable Discount Cash in Bank
Date Check No. Payee No. Debit Credit Credit
June 5 21124 Bronco Company 111 8,160.00 160.00 8,000.00
7 21125 GMX Building 108 4,000.00 4,000.00
11 21126 Bayer Products 113 3,800.00 3,800.00
13 21127 Smith Enterprise 114 6,528.00 128.00 6,400.00
15 21128 Payroll 109 4,500.00 4,500.00
19 21129 United Company 117 9,057.60 177.60 8,880.00
25 21130 Manila Supply 123 1,500.00 1,500.00
30 21131 Payroll 120 4,650.00 4,650.00
42,195.60 465.60 41,730.00
Problem 4.11
CHECK REGISTER a
Vouchers Purchase Cash in
Date Check No. Payee Vouchers No. Payable Discount Bank
Debit Credit Credit
May 5 21411 Sunshine Realty 501 5,000.00 5,000.00
7 21412 Acme Supple Co. 503 1,456.00 1,456.00
11 21413 Wyman Company 502 24,640.00 440.00 24,200.00
15 21414 Payroll 506 6,250.00 6,250.00
20 21415 Hagen Company 507 5,000.00 5,000.00
23 21416 ABC Appliances 505 7,952.00 142.00 7,810.00
31 21417 Payroll 513 6,450.00 ________ 6,450.00
56,748.00 582.00 56,166.00
Problem 4.11
VOUCHER REGISTER
Office
Vouch Sundry Vouchers Salaries
VAT Input Purchases Equipm
Date er Payee P Amount Payable Expense Paid
Account ent
No. R Debit Credit Credit Debit Debit Debit Debit Date Check No.
May 1 501 Sunshine Realty Rent Expense 5,000 5,000 May 5 211411
3 502 Wyman Company 24,640 2,640 22,000 11 411413
7 503 Acme Supply Co Office Supplies 1,300 1,456 156 7 211412
10 504 Lycos Bros. Co. 12,320 1,320 11,000
12 505 ABC Appliances 7,952 852 7,100 23 211416
15 506 Payroll Withholding Tax Payable 675 6,250 7,450 15 211414
18
507-509 Hagen Company 14,000 1,500 12,500 20 211415
22 510 Acme Supply Co Office Supplies 1,200 1,344 144
25 511 Sharp Company 22,960 2,460 20,500
28 512 Sony Dealers 34,720 3,720 31,000
31 513 Payroll Withholding Tax Payable 675 6,450 7,650 31 211417
7,500 2,400 137,092 12,792 104,100 15,100
Problem 4.11
GENERAL JOURNAL
May 5 Vouchers Payable 560.00
Purchase Return & Allowances 500.00
VAT Input Tax 60.00
14 Vouchers Payable 1,120.00

Problem 4.12
CHECK REGISTER
Purchase
Voucher Vouchers Payable Cash in Bank
Date Check No. Payee Discount
No.
Debit Credit Credit
July 3 100601 LB Building Co. 7,500.00 7,500.00
9 100602 Manila Shipping 1,500.00 1,500.00
15 100603 Payroll 10,500.00 10,500.00
19 100604 Cameo Supply Co. 2,800.00 2,800.00
21 100605 Jordan Fashion 54,080.00 1,200.00 52,800.00
26 100606 Bygone Merchandise 45,360.00 810.00 44,550.00
31 100607 Payroll 10,800.00 ________ 10,800.00
132,540.00 2,010.00 130,450.00
Problem 4.12
VOUCHER REGISTER
Office Salaries
Sundry Vouchers VAT Input Purchases Paid
Voucher Equipme Expense
Date Payee P Amount Payable Check No.
No. Account
R Debit Credit Credit Debit Debit Debit Debit Date
July 1 001 Kamuela Clothing 67,200 7,200 60,000
3 002 LB Building Co. Rent Expense 7,500 7,500 July 3 100,601
6 003 Jordan Fashion 56,000 6,000 50,000 21 100,605
9 004 Manila Shipping Freight In 1,500 1,500 9 100,602
SSS Premiums Payable 650
17 006 Bygone Merchandise 45,360 4,860 40,500 26 100,606
19 007 Cameo Supply Unused Supplies 2,500 2,800 300 19 100,604
SSS Premiums Payable ________ 650 ________ ________ ________ ________
11,500 3,200 201,660 18,360 150,500 24,500
Problem 4.12
GENERAL JOURNAL
July 11 Voucher Payable 2,240.00
Problem 4.12
GENERAL LEDGER
Cash
July 1 150,000.00 July 31 VR1 130,450.00
Unused Supplies
July 19 VR1 2,500.00
VAT Input Tax

July 31 VR1 18,360.00 July 31 G1 240.00
Vouchers Payable
July 11 G1 2,240.00 July 31 VR1 201,660.00
Withholding Tax Expense

July 15 VR1 950.00
31 VR1 950.00
SSS/ PhilhealthPayables
July 15 VR1 650.00
31 VR1 650.00
Purchases
July 31 VR1 150,500.00
Purchase Return & Allowances

July 11 G1 2,000.00
Purchase Discount
July 31 VR1 2,010.00
Problem 4.12
Freight - In
July 9 VR1 1,500.00
SalaryiesExpense
July 31 VR1 24,500.00
Rent Expense
July 31 VR1 7,500.00
COMBINATION JOURNAL
Invoice No. Accounts Professional Salary Supplies Rent Telephone
Check No. General Cash Payable Fees Expense Expense Expense Expense
Date OR No. Account PR Debit Credit Debit Credit PR Debit Credit Credit Debit Debit Debit Debit
Jan 2 001 R. Ankara Capital 301 100,000 100,000
4 147361 Prepaid Insurance 104 12,000 12,000
5 147362 1,050 1,050
6 147363 Computer Equipment 112 65,000 35,000
Note Payable 201 30,000
7 147364 Office Furniture and Equipment 105 45,000 25,000
Note Payable 201 20,000
8 147365 5,000 5,000
12 002 45,000 45,000
15 147366 5,500 5,500
17 147367 1,250 1,250
21 147368 Note Payable 201 10,000 10,000
23 24715 Office Furniture and Equipment 105 15,000 15,000
25 147369 Utilities Expense 505 1,750 1,750
28 147370 R. Ankara Drawings 312 12,000 12,000
30 003 55,500 55,500
31 147371 5,500 5,500
31 147372 1,200 1,200
160,750 150,000 200,500 115,250 15,000 100,500 5,500 7,800 5,000 1,200
Roger Ankara
Trial Balance
Jan. 31, 2007
Account Title Debit Credit

Cash 85,250.00
Prepaid Insurance 12,000.00
Office Furniture and Equipment 60,000.00
Computer Equipment 65,000.00
Notes Payable 40,000.00
Accounts Payable 15,000.00
Roger Ankara, Capital 100,000.00
Roger Ankara, Drawings 12,000.00
Professional Fees 100,500.00
Salary Expense 5,500.00
Supplies Expense 7,800.00
Rent Expense 5,000.00
Telephone Expense 1,200.00
Utilities Expense 1,750.00
Total 255,500.00 255,500.00
GENERAL LEDGER
Cash 101
Jan 31 CJ1 200,500.00 Jan 31 CJ1 115,250.00
Prepaid Insurance 104

Jan 4 CJ1 12,000.00
Office Furniture and Equipment 105

Jan 7 CJ1 45,000.00
23 CJ1 15,000.00
Computer Equipment 112

Jan 6 CJ1 65,000.00
Notes Payable 201

Jan 21 CJ1 10,000.00 Jan 6 CJ1 30,000.00
7 C J1 20,000.00
Accounts Payable 202

Jan 31 CJ1 15,000.00
Roger Ankara, Capital 301

Jan 2 CJ1 100,000.00
Roger Ankara, Drawings 302

Jan 28 CJ1 12,000.00
Professional Fees 401
Jan 31 CJ1 100,500.00
Salary Expense 501

Jan 31 CJ1 5,500.00
Supplies Expense 502

Jan 31 CJ1 7,800.00
Rent Expense 503

Jan 31 CJ1 5,000.00
Telephone Expense 504

Jan 31 CJ1 1,200.00
Utilities Expense 505

Jan 25 CJ1 1,750.00

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Problem 4.

(Requirement b) ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Laura Tomas 801

Harry Llanos 802

Maria Avella 803

Alex Homes 804

Paul Barnes 805

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

Hagen Clothing 901

Giorgio Company 902

Glovo Company 903

Lucky Enterprise 904

Bloom Bazaar 905

CASH RECEIPT JOURNAL

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Laura Tomas 801

Harry Llanos 802

Maria Avella 803

Alex Homes 804

Paul Barnes 805

CASH PAYMENTS JOURNAL

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

Hagen Clothing 901

Giorgio Company 902

Glow Company 903

Lucky Enterprise 904

Bloom Bazzar 905

SALES JOURNAL Page 1

Accounts Receivable 103

Sales - Auto Parts 401

Sales - Truck Parts 405

VAT Output TAX 210

ACCOUNTS RECEIVABLE - SUBSIDIARY LEDGER

Manila Bus Lines

PURCHASE JOURNAL Page 1

GENERAL LEDGER ACCOUNTS

Accounts Payable 201

Accounts Payable Subsidiary Ledger

Palmer Golf Company

GENERAL JOURNAL Page 1

17 Accounts Payable - Montage Apparel 004 1680

18 Accounts Payable - Ace Equipment Co. 201/002 39200

23 Sales Return & Allowances 402 700

30 Note Receivable 102 3696

CASH RECEIPT JOURNAL Page 1

CASH PAYMENTS JOURNAL

GENERAL LEDGER ACCOUNTS

Note Receivable 102

Accounts Receivable 103

Office Supplies 104

Prepaid Insurance 105

VAT Input Tax 106

Store Equipment 121

Office Equipment 123

Accounts Payables 201

Notes Payable 202

VAT Output Tax 210

Sharon Abella, Capital 301

Sharon Abella, Drawings 302

Sales Returns & Allowances 402

Sales Discount 403

Purchases Returns & Allowances 502

Purchases Discounts 503