GENERAL LEDGER

CASH 110 ACCOUNTS RECEIVABLE 120 MERCHANDISE INVENTORY 130

P240,000 P613,700 P210,000 P860,000 P730,000

2,758,400 1,420,000 30,000
2,998,400 1,630,000 890,000
(613,700) (890,000)
P2,384,700 P740,000

PREPAID RENT 140 OFFICE SUPPLIES 150 OFFICE EQUIPMENT 160

P160,000
P90,000 P1,000,000
40,000
P200,000

ACCUM. DEPRECIATION 165 NOTES PAYABLE 210 ACCOUNTS PAYABLE 220

P400,000 P300,000 P130,000

170,000 10,000 1,370,000
P570,000 310,000 1,500,000
(310,000)

GENERAL LEDGER
SALARIES PAYABLE 230
 PANGAN, CAPITAL 310 PANGAN, DRAWINGS 320

P1,650,000 P100,000

INCOME SUMMARY 330 SALES 410 SALES RETURNS & ALLOW. 420

P1,740,000 P30,000
1,420,000
P3,160,000

SALES DISCOUNTS 430 PURCHASES 510 PURCHASES RETURNS & ALLOW. 520

P11,600 P1,370,000 P10,000

70,000
P1,440,000

GENERAL LEDGER

PURCHASE DISCOUNT 530 TRANSPORTATION IN 540 SALARIES EXPENSE 610

 P6,300 P20,000 P80,000

RENT EXPENSE 620 OFFICE SUPPLIES EXP. 630 DEPRECIATION EXPENSE 640

INTEREST EXPENSE 650

P10,000