GA SBOOKSTORE

WORKSHEET
DECEMBER 31, 2019

ACCOUNTS TITLES UNADJUSTED TRIAL BALANCE ADJUSTMENTS

DR CR DR CR
CASH IN BANK 420,000.00
PETTY CASH FUND 5,000.00
ACCOUNTS RECEIVABLES 250,000.00
ALLOWANCE FOR DOUBTFUL ACCOUNTS 10,000.00 5,000.00
MERCHANDISE INVENTORY 591,500.00
PREPAID INSURANCE 5,000.00
PREPAID RENT 20,000.00
FURNITURES AND FIXTURES 400,000.00
ACCUMULATED DEPRECIATION 120,000.00 40,000.00
ACCOUNTS PAYABLE 220,000.00
SSS/PHIL/PAGIBIG PREMIUM PAYABLE 10,000.00
WITHHOLDING TAXES PAYABLE 2,000.00
SALARIES PAYABLE 12,000.00
TAXES PAYABLE 3,000.00
VM CAPITAL 500,000.00
VM WITHDRAWAL 50,000.00
SALES 2,799,000.00
SALES RETURNS AND ALLOWANCES 30,000.00
SALES DISCOUNTS 45,000.00
PURCHASES 1,570,000.00
PUCHASE RETURNS AND ALLOWANCES 20,000.00
PURCHASE DISCOUNT 60,000.00
FREIGHT IN 5,000.00
SALARIES EXPENSES 220,000.00 12,000.00
RENT EXPENSE 110,000.00 20,000.00
TAXES AND LICENSES 7,500.00 3,000.00
INSURANCE EXPENSE 12,000.00 5,000.00
SSS/PHIL/PAGIBIG PREMIUM EXPENSE 25,000.00
DOUBTFUL ACCOUNTS EXPENSE 5,000.00
DEPRECIATION EXPENSE 40,000.00

TOTAL 3,741,000.00 3,741,000.00 85,000.00 85,000.00

ADJUSTED INCOME INSTATEMENT BALANCE SHEET
DR CR DR CR DR CR
420,000.00 420,000.00 -
5,000.00 5,000.00 -
250,000.00 250,000.00 -
15,000.00 - 15,000.00
591,500.00 - 591,500.00 250,000.00 250,000.00 -
5,000.00 - 5,000.00 -
20,000.00 - 20,000.00 -
400,000.00 - 400,000.00 -
160,000.00 - 160,000.00
220,000.00 - 220,000.00
10,000.00 - 10,000.00
2,000.00 - 2,000.00
12,000.00 - 12,000.00
3,000.00 - 3,000.00
500,000.00 - 500,000.00
50,000.00 - 50,000.00 -
2,799,000.00 - 2,799,000.00
30,000.00 - 30,000.00 -
45,000.00 - 45,000.00 -
1,570,000.00 - 1,570,000.00 -
- 20,000.00 - 20,000.00
- 60,000.00 - 60,000.00
5,000.00 - 5,000.00 -
232,000.00 - 232,000.00 -
90,000.00 90,000.00 -
10,500.00 - 10,500.00 -
7,000.00 7,000.00 -
25,000.00 - 25,000.00 -
5,000.00 - 5,000.00 -
40,000.00 - 40,000.00 -

3,801,000.00 3,801,000.00 2,651,000.00 3,129,000.00 1,400,000.00 922,000.00

478,000.00 478,000.00
3,129,000.00 3,129,000.00 1,400,000.00 1,400,000.00
SEPT
1 CASH 100,500.00
OFFICE EQUIPMENT 33,200.00
BONITA, CAPITAL 133,700.00
TO RECORD BEGINNING CAPITAL

2 PURCHASES 20,000.00
ACCOUNTS PAYABLE 20,000.00
TO RECORD ACQUISITION OF PURCHASES

3 CASH 10,600.00
SALES 10,600.00
TO RECORD CASH SALES

6 PURCHASES 26,500.00
CASH 13,250.00
ACCOUNTS PAYABLE 13,250.00
TO RECORD PUCHASES, 2/10, N/30

7 ACCOUNTS RECEIVABLE 12,500.00

SALES 12,500.00
TO RECORD SALES ON ACCOUNT, 2/10,N/30

8 STORE FURNITURES AND 6,000.00

CASH 3,000.00
ACCOUNTS PAYABLE 3,000.00
TO RECORD PUCHASES OF FURNITURES AND FIXTURES, 1/10, N/30

9 ACCOUNTS RECEIVABLE 14,000.00

SALES 14,000.00
TO RECORD SALES ON ACCOUNT, 2/10,N/30

FREIGHT OUT 800.00

CASH 800.00
TO RECORD FREIGHT EXPENSES

12 PURCHASES 4,000.00
ACCOUNTS PAYABLE 4,000.00
TO RECORD PUCHASES, 2/10, N/30

14 CASH 6,350.00
SALES 6,350.00
TO RECORD COLLECTION, COD

15 SALARIES EXPENSES 8,000.00

 CASH 8,000.00
TO RECORD PAYMENT OF SALARIES

16 ACCOUNTS PAYABLE 3,000.00

CASH 2,970.00
FURNITURES AND FIXTURES 30.00
TO RECORD PAYMENT WITHIN THE DISCOUNTED PERIOD

17 CASH 1,250.00
SALES DISCOUNT 250.00
ACCOUNTS RECEIVABLES 12,500.00
TO RECORD COLLECTION WITHIN THE DISCOUNTED PERIOD

22 ACCOUNTS PAYABLE 4,000.00

CASH 3,920.00
PURCHASE DISCOUNT 80.00
TO RECORD PAYMENT OF ACCOUNT WITHIN THE DISCOUNTED PERIOD

24 CASH 14,000.00
ACCOUNTS RECEIVABLES 14,000.00
TO RECORD COLLECTION OF ACCOUNTS

25 RENT EXPENSE 5,000.00

CASH 4,750.00
WITHHOLDING TAX PAYABLE 250.00
TO RECORD RENT EXPENSE WITH WITHHOLDING TAX

30 SALARIES EXPENSE 8,000.00

SSS PAYABLE 200.00
PHIC PAYABLE 100.00
HDMF PAYABLE 100.00
CASH 7,600.00
TO RECORD SALARIES EXPENSE

POST IT TO LEDGER, IF YOURE CORRECT THIS SHOULD HAVE BEEN YOUR AMOUNT;

CASH
1-Sep 100,500.00 6-Sep 13,250.00
3-Sep 10,600.00 8-Sep 3,000.00
14-Sep 6,350.00 9-Sep 800.00
17-Sep 12,250.00 15-Sep 8,000.00
24-Sep 14,000.00 16-Sep 2,970.00
22-Sep 3,920.00
25-Sep 4,750.00
30-Sep 7,600.00
 143,700.00 44,290.00

99,410.00

DR CR
CASH 143,700.00 44,290.00 99,410.00
ACCOUNTS - - -
OFFICE EQ 33,200.00 33,200.00
FURNITURE 6,000.00 30.00 5,970.00
ACCOUNTS 7,000.00 40,250.00 33,250.00
WITHHOLDING TAX PAYABLE 250.00 250.00
SSS PAYABLE 200.00 200.00
PHIC PAYABLE 100.00 100.00
HDMF PAYABLE 100.00 100.00
BONITA CAPITAL 133,700.00 133,700.00
SALES 43,450.00 43,450.00
SALES DIS 250.00 250.00
PURCHASE 50,500.00 50,500.00
PURCHASE DISCOUNT 80.00 80.00
FREIGHT O 800.00 800.00
SALARIES 16,000.00 16,000.00
RENT EXPE 5,000.00 5,000.00

262,450.00 262,450.00
 BONITA BUY AND SELL BUSINESS
TRIAL BALANCE
SEPTEMBER 30, 2020

CASH 99,410.00
ACCOUNTS RECEIVABLE -
OFFICE EQUIPMENT 33,200.00
FURNITURES AND FIXTURES 5,970.00
ACCOUNTS PAYABLE 33,250.00
WITHHOLDING TAX PAYABLE 250.00
SSS PAYABLE 200.00
PHIC PAYABLE 100.00
HDMF PAYABLE 100.00
BONITA CAPITAL 133,700.00
SALES 43,450.00
SALES DISCOUNT 250.00
PURCHASES 50,500.00
PURCHASE DISCOUNT 80.00
FREIGHT OUT 800.00
SALARIES EXPENSES 16,000.00
RENT EXPENSES 5,000.00

TOTAL 211,130.00 211,130.00

LIST PRICE FREIGHT RETURNS SALES INVOICE AMOUNT
180,000.00 6,000.00 10,000.00 170,000.00 153,000.00 149,940.00
120,000.00 4,000.00 12,000.00 108,000.00 105,840.00
60,000.00 2,500.00 - 60,000.00 57,500.00
70,000.00 3,500.00 8,000.00 62,000.00 64,260.00
150,000.00 5,500.00 12,000.00 138,000.00 126,960.00 118,920.80
20,000.00 1,000.00 - 20,000.00 21,000.00
40,000.00 2,000.00 4,000.00 36,000.00 35,280.00
30,000.00 1,500.00 7,000.00 23,000.00 22,540.00
75,000.00 4,500.00 - 75,000.00 71,250.00 71,250.00
10,000.00 1,000.00 - 10,000.00 10,000.00