Kweez Merchandising Company

•Selling Shoes and Sandals

for the month of December 2019

TRANSACTIONS:

Dec

1 Kweez company invested P500000 cash

1 Kweez invested furniture and fixtures worth of P100000

1 Kweez purchased merchandise to retail shoes and enterprises worth of P15000 on cash inclusive of
12% VAT.

2 Sold merchandise to Verwalk-In on credit P10000 inclusive of 12% VAT. Terms (²/10, n/30)

2 Kweez received sold merchandise on account P20000 from retail shoes enterprises costing P10000
inclusive 12% VAT.

2 Kweez purchased merchandise to Abueva Company on cash worth of P20000, inclusive 12% VAT.

3 Sold 2 units of merchandise to Ms. Bongo Company amounting to P20000, inclusive 12% VAT.

3 Kweez purchased supplies worth of P10000

3 Received return detective merchandise P5000 from VerWalk-In.

4 Purchased equipment on account P35000 from Reyrun Enterprises.

4 Kweez purchased merchandise on cash P70000 inclusive 12% VAT, Terms(2/10, n/30)

5 Ms. Kim purchased merchandise worth P10000 on account

5 Kweez pays the insurance of the company covering one month.

6 Sold Merchandise to Hil and toe trading amounting to P50000 inclusive 12% VAT

6 Ms. Kim issued a note and leui for the account.

9 Sold 5 units of merchandise worth P50000 to Floralshoes Trading inclusive 12% VAT

9 Mr. Cabatuan withdrew P10000 cash for personal use

10 Sold 4 units of merchandise to Twitso Company amounting P40000 on account

11 Paid all in insurance.

12 Purchased merchandise to pastelein enterprises P100000 inclusive 12% VAT, terms (2/10 ,n/30)

12 Kweez purchased delivery truck worth of P80000 on account

12 Sold 3 units of merchandise to OOTD Footwear worth of P30000 from Kweez company inclusive 12%
VAT, terms (2/10,n/30) FOB Shipping Point, Freight collect to Ms. Latog, freight charges P600

13 Ms. Kim paid the note

15 Paid P15000 salaries for the staff and workers

16 Collected P30000, receivables from various costumers

17 Borrowed from Bangko Sentral ng Pilipinas P60000 with 10% interest.

18 Kweez sold 6 units of merchandise for P60000 to Hea Trading to inclusive 12% VAT, Terms (1/10,
n/30) FOB Shipping Point, freight price P520

19 Sold purchased merchandise worth P30000 to Mr. Torralba, inclusive 12% VAT

20 Kweez sold 5 units of merchandise worth P50000 to PYM company.

21 Paid electricity bill amounting to P5000

22 Received return detective merchandise from Mr. Torralba worth P10000

22 Kweez company has an additional investment worth P100000

22 Purchased merchandise worth P100000 on account to Latog Footwear, Inclusive 12% VAT

23 Paid accounts payable on December.4

23 Sold merchandise worth of P30000 to Sesshoes.

23 Sold 1 unit of merchandise to Ms. Hazel, P10000 on account

24 Paid loan from the Bank.

24 Sold Merchandise worth P60000 to ChaKedsShoes.

25 Sold 5 units of shoes to Nikkewalk amounting P50000

26 Kweez sold merchandise worth of P50000 to CraftWalk.

27 Kweez paid the delivery truck in full.

28 Received return defective merchandise from PYM Company amounting Kweez P10000

29 Twitsho Company paid P40000 on cash.

30 Paid salaries for all the employees of the company worth of P15000

31 Kweez settled their accounts