JOURNAL ENTRIES

DATE JOURNAL ENTRIES DR CR

FEBRUARY
1 GAS & OIL 1,000.00
CASH 1,000.00
1 CASH 25,000.00
SALES 25,000.00
2 CASH 5,000.00
AR 5,000.00
1 A/R 20,000.00
SALES 20,000.00
1 CASH 100,000.00
L/P 100,000.00
1 LOAN PAYABLE 100,000.00
N/P 100,000.00
1 INTEREST EXPENSE 986.30
INTEREST PAYABLE 986.30
2 PURCHASES 40,000.00
A/P 40,000.00
2 PURCHASES 10,000.00
A/P 10,000.00
3 CASH 20,000.00
SALES 20,000.00
3 UTILITY EXPENSE 1,000.00
CASH 1,000.00
3 UTILITY EXPENSE 450.00
CASH 450.00
3 UTILITY EXPENSE 1,050.00
CASH 1,050.00
3 A/P 20,000.00
PURCHASE DISCOUNT 400.00

CASH 19,600.00
4 CASH 10,000.00
SALES 10,000.00
5 OFFICE SUPPLIES 2,000.00
A/P 2,000.00
5 CASH 3,430.00
SALES DISCOUNT 70.00

A/R 3,500.00
6 CASH 18,000.00
SALES 18,000.00
6 N/R 25,000.00
A/R 25,000.00
6 PURCHASES 25,000.00
A/P 25,000.00
7 PURCHASES 20,000.00
A/P 20,000.00
7 FREIGHT IN 500.00
CASH 500.00
8 PURCHASES 35,000.00
A/P 35,000.00
8 PURCHASES 20,000.00
A/P 20,000.00
8 A/P 4,000.00
CASH 4,000.00
8 PURCHASES 8,000.00
A/P 8,000.00
9 A/P 40,000.00
PURCHASE DISCOUNT 800.00

CASH 39,200.00
9 A/P 1,500.00
PURCHASE RETURNS
& ALLOWANCES 1,500.00
9 CASH 10,000.00
SALES 10,000.00
10 A/R 15,000.00
SALES 15,000.00
10 FREIGHT OUT 600.00
CASH 600.00
11 SALES RETURN & 1,000.00
ALLOWANCES
A/R 1,000.00
11 A/R 7,500.00
SALES 7,500.00
11 A/R 7,800.00
SALES 7,800.00
11 A/P 500.00
PURCHASE RETURNS
& ALLOWANCES 500.00
12 CASH 4,400.00
A/R 4,400.00
12 CASH 19,500.00
A/R 19,500.00
12 A/P 40,000.00
PURCHASE DISCOUNT 800.00

CASH 39,200.00
12 A/R 20,000.00
SALES 20,000.00
13 A/P 60,000.00
PURCHASE RETURNS
& ALLOWANCES 1,500.00

CASH 58,500.00
13 PURCHASES 50,000.00
 A/P 50,000.00
14 A/P 20,000.00
CASH 20,000.00
14 CASH 30,000.00
SALES 30,000.00
15 PURCHASES 18,000.00
A/P 18,000.00
15 CASH 14,850.00
SALES DISCOUNT 150.00

A/R 15,000.00
15 SALARY EXPENSE 7,500.00
CASH 7,500.00
15 CASH 20,000.00
CAPITAL, DOÑA 20,000.00
AURORA VENTURA
15 A/P 2,000.00
CASH 2,000.00
16 A/P 20,000.00
CASH 20,000.00
16 CASH 20,000.00
SALES 20,000.00
17 A/P 3,000.00
PURCHASE RETURNS
& ALLOWANCES 3,000.00
17 CASH 1,000.00
PURCHASE RETURNS 1,000.00
& ALLOWANCES
18 A/P 35,000.00
PURCHASE DISCOUNT 700.00

CASH 34,300.00
18 A/P 16,000.00
PURCHASE DISCOUNT 320.00

CASH 15,680.00
18 CASH 32,000.00
SALES 32,000.00
18 SALES RETURN & 2,000.00
ALLOWANCES
CASH 2,000.00
19 PURCHASES 25,000.00
A/P 25,000.00
19 PURCHASES 26,000.00
A/P 26,000.00
20 N/R 17,000.00
A/R 17,000.00
20 PURCHASES 18,000.00
A/P 18,000.00
20 CASH 13,720.00
 SALES RETURN & 1,000.00
ALLOWANCES

SALES DISCOUNT 280.00

A/R 15,000.00
21 A/R 9,000.00
SALES 9,000.00
21 FIXTURE & 15,000.00
FURNITURE
A/P 15,000.00
21 CASH 19,600.00
SALES 19,600.00
SALES RETURN &
22 ALLOWANCES 450.00
CASH 450.00
22 CASH 4,500.00
A/R 4,500.00
23 DRAWING DOÑA 5,000.00
AURORA VENTURA
CASH 5,000.00
23 A/R 4,000.00
SALES 4,000.00
23 CASH 400.00
A/R 400.00
24 A/P 18,000.00
PURCHASE DISCOUNT 360.00

CASH 17,640.00
24 CASH 15,400.00
SALES 15,400.00
25 CASH 5,000.00
A/R 5,000.00
25 A/R 20,000.00
SALES 20,000.00
25 A/P 5,000.00
CASH 5,000.00
25 STORE SUPPLIES 6,000.00
CASH 6,000.00
26 CASH 7,722.00
SALES DISCOUNT 78.00
CASH 7,800.00
26 CASH 10,000.00
SALES 10,000.00
27 CASH 17,500.00
A/R 17,500.00
27 SALARY EXPENSE 7,500.00
CASH 7,500.00
28 N/R 20,000.00
SALES 20,000.00
28 INTEREST INCOME 600.00
A/R 600.00
28 A/P 30,000.00
CASH 30,000.00
28 A/P 20,000.00
28 PURCHASE DISCOUNT 400.00
CASH 19,600.00
28 CASH 6,000.00
SALES 6,000.00
28 A/P 8,000.00
PURCHASE DISCOUNT 160.00

CASH 7,840.00

1,390,536.30 1,390,536.30
OURNAL ENTRIES
O.R. NO. S.I. NO. CHECK NO. BOOK OF ENTRIES SUBSIDIARY RECORDS

900 2032 CPJ

0011

0012

0009

PN
20,000.00

3,500.00
40,000.00

40,000.00

60,000.00
15,000.00

35,000.00

#REF!
15,000.00

18,000.00

7,800.00
8,000.00
 SALES JOURNAL

DATE INVOICE NO. ACCOUNT DEBITED P/R

2014
January 13 00001 Doña Narcissa Vda. Zobella ü   
13 00002 Madame Melda ü   
14 00003 The tribe ü   
21 00004 Le Fiorelli ü   
23 00005 Dn Borbon ü   
26 00006 Little Cristle Mae ü   
28 00007 Madame Melda ü   
31 00008 The tribe ü   

February 1 00009 Le Fiorelle ü   

10 00010 Madame Melda ü   
11 00011 Doña Narcisa Vda. Zobella ü   
11 00012 The Tribe ü   
12 00013 Don Borbon ü   
21 00014 Madame Melda ü   
23 00015 Little Cristle Mae ü   
25 00016 Le Donne ü   
 ACCOUNTS
RECIEABLE Dr.
SALES Cr.

10,500.00
8,000.00
10,000.00
17,000.00
19,500.00
3,500.00
17,500.00
15,000.00
101,000.00
(103) (104)

20,000.00
15,000.00
7,500.00
7,800.00
20,000.00
9,000.00
4,000.00
20,000.00
103,300.00
 PURCHASE JOURNAL

ACCOUNTS PAYABLE PURCHASES

DATE ACCOUNT CREDITED P/R
CR.
DR.
2014
January 8 Alberto's Sari Sari ü    25,000.00 25,000.00
9 Leather House ü    25,000.00 25,000.00
9 Katrina's Signature ü    40,000.00 40,000.00
12 Vina's Boutique ü    10,000.00 10,000.00
14 Snowhite Garments ü    60,000.00 60,000.00
15 Kiddie World ü    20,000.00 20,000.00
17 Leather House ü    20,000.00 20,000.00
17 Señora's Apparel ü    50,000.00 50,000.00
25 Snowhite Garments ü    20,000.00 20,000.00
29 Señora's Apparel ü    30,000.00 30,000.00
30 Alberto's Sari Sari ü    40,000.00 40,000.00
340,000.00 340,000.00
(201) (501)

February 2 Señora's Apparel ü    40,000.00 40,000.00

2 Leather House ü    10,000.00 10,000.00
5 Crown Company ü    2,000.00
6 Le Signature ü    25,000.00 25,000.00
7 Alberto's Sarisari ü    20,000.00 20,000.00
8 Katrina's Signature ü    35,000.00 35,000.00
8 Leather House ü    20,000.00 20,000.00
8 Viña's Boutique ü    8,000.00 8,000.00
13 Kiddie World ü    50,000.00 50,000.00
15 Snowhite Garments ü    18,000.00 18,000.00
19 Alberto's Sarisari ü    25,000.00 25,000.00
19 Señora's Apparel ü    26,000.00 26,000.00
20 Kiddie World ü    18,000.00 18,000.00
21 Fine Furnishings ü    15,000.00
312,000.00 295,000.00
NAL

STORE SUPPLIES SUNDRY ACCOUNTS DR.

CR. ACCOUNT NAME P/R AMOUNT

office supplies 2,000.00

Furnitures & Fixtures 117 15,000.00

17,000.00
 CASH RECIEPTS JOURNAL

SUNDRY AMOUNT
DATE ACCOUNT CREDITED P/R
CR.
2014
JANUARY 2 Ventura Capital 301 500,000.00
12 sales ü   
15 sales ü   
17 sales ü   
21 sales ü   
22 sales ü   
23 Madam Melda ü   
24 Sales ü   
18 sales ü   
30 The Tribe ü   
500,000.00
ü   
February 1 Notes Payable 202 100,000.00
1 Sales ü   
2 Doña Narcisa Vda. De Zobella ü   
3 Sales ü   
4 Sales ü   
5 Little Cristle Mae ü   
5 Sales ü   
6 Notes Receivable: Atty. Victorino Vizmonte ü    25,000.00
9 Sales ü   
12 Doña Narcisa Vda. De Zobella ü   
12 Don Borbon ü   
14 Sales ü   
15 The Tribe ü   
15 Ventura Capital 301 20,000.00
16 Sales ü   
17 Purchase return & allowances 502 1,000.00
18 Sales ü   
20 Madame Melda ü   
21 Sales ü   
23 Madame Melda ü   
23 Little Cristle Mae ü   
24 Sales ü   
25 Le Donne ü   
26 The Tribe ü   
26 Sales ü   
27 Madame Melda ü   
28 Sales ü   
146,000.00
JOURNAL

SALES ACCCOUNTS SALES DISCOUNT CASH

CR. RECIEVABLE CR. DR. DR.

500,000.00
7,000.00 7,000.00
30,000.00 30,000.00
20,000.00 20,000.00
23,000.00 23,000.00
25,000.00 25,000.00
8,000.00 160.00 7,840.00
15,000.00 15,000.00
44,000.00 44,000.00
10,000.00 10,000.00
164,000.00 18,000.00 160.00 681,840.00
(401) (103) (403) (101)
100,000.00
25,000.00 25,000.00
5,000.00 5,000.00
20,000.00 20,000.00
10,000.00 10,000.00
3,500.00 70.00 3,430.00
18,000.00 18,000.00
- 25,000.00
10,000.00 10,000.00
4,400.00 4,800.00
19,500.00 19,500.00
30,000.00 30,000.00
15,000.00 150.00 14,850.00
20,000.00
20,000.00 20,000.00
1,000.00
32,000.00 32,000.00
14,000.00 280.00 13,720.00
19,600.00 19,600.00
4,500.00 4,500.00
400.00 400.00
15,400.00 15,400.00
5,000.00 5,000.00
7,800.00 78.00 7,722.00
10,000.00 10,000.00
17,500.00 17,500.00
 6,000.00 6,000.00
216,000.00 96,600.00 578.00 458,422.00 458,022.00
 CASHPAYENTS JOURNAL

SUNDRY AMOUNT ACCCOUNTS PURCHASES DISCOUNT

DATE CHECK NO. ACCOUNT DEBITED P/R
DR. PAYABLE DR. CR.
2013
January 3 2011 Prepaid Rent 109 20,000.00
4 2012 Store Supplies 107 7,000.00
4 2013 Furnitures & Fixtures 110 40,000.00
5 2014 PrepaidINsurance 108 24,000.00
6 2015 Office Supplies 106 1,000.00
7 2016 Purchases 501 50,000.00
9 2017 Leather House ü    5,000.00
14 2018 Purchases 501 20,000.00
15 2019 Salary Expense 507 7,500.00
16 2020 Freight Out 508 500.00
17 2021 Gas & Oil Expense 510 1,000.00
17 2022 Delivery Truck 112 200,000.00
18 2023 Katrina's Signature ü    40,000.00 800.00
19 2024 Leather House ü    20,000.00 400.00
20 2025 Vina's Signature ü    5,000.00
22 2026 Office Supplies 106 2,500.00
24 2027 Sales & Returns and Allowances 402 800.00
26 2028 Señora's Apparel ü    50,000.00 1,000.00
30 2029 Salary Expense 507 7,500.00
31 2030 Albero's Sari Sari ü    23,000.00
31 2031 Vina's Signature ü    5,000.00 200.00
381,800.00 148,000.00 2,400.00
ü    (201) (503)

February 1 2032 Gas & Oil Expense 510 1,000.00

3 2033 Utilities Expense 511 1,000.00
3 2034 Utilities Expense 511 450.00
 3 2035 Utilities Expense 511 1,050.00
4 2036 Snowhite Garments ü    20,000.00 400.00
7 2037 Cargo Enterpise-Freight -In 509 500.00
8 2038 Leather House ü    4,000.00
9 2039 Alberto's Sari-Sari ü    40,000.00 800.00
10 2040 Cargo Enterprise-Freight -Out 508 600.00
12 2041 Señora's Apparel ü    40,000.00 800.00
13 2042 Snowhite Garments ü    58,500.00
14 2043 Kiddie World ü    20,000.00
15 2044 Salary expense 507 7,500.00
15 2045 Le Signature ü    2,000.00
16 2046 Leather House ü    20,000.00
18 2047 Katrina's Signature ü    35,000.00 700.00
18 2048 Leather House ü    16,000.00 320.00
18 2049 Sales & Returns and Allowances 402 2,000.00
22 2050 Sales & Returns and Allowances 402 450.00
23 2051 Ventura Drawings 302 5,000.00
24 2052 Snowhite Garments ü    18,000.00 360.00
25 2053 Alberto's Sari-Sari ü    5,000.00
25 2054 Crown Compay-Store Supplies 107 6,000.00
27 2055 Salary Expense 507 7,500.00
28 2056 Señora's Apparel ü    30,000.00
28 2057 Alberto's Sari-Sari ü    20,000.00 400.00
283 2058 Vina's Boutique ü    8,000.00 160.00
33,050.00 336,500.00 3,940.00
 CASH
CR.

20,000.00
7,000.00
40,000.00
24,000.00
1,000.00
50,000.00
5,000.00
20,000.00
7,500.00
500.00
1,000.00
200,000.00
39,200.00
19,600.00
5,000.00
2,500.00
800.00
49,000.00
7,500.00
23,000.00
4,800.00
527,400.00 H3,000.00
(101)

1,000.00
1,000.00
450.00
 1,050.00
19,600.00
500.00
4,000.00
39,200.00
600.00
39,200.00
58,500.00
20,000.00
7,500.00
2,000.00
20,000.00
34,300.00
15,680.00
2,000.00
450.00
5,000.00
17,640.00
5,000.00
6,000.00
7,500.00
30,000.00
19,600.00
7,840.00
365,610.00 365,610.00
 DATE DESCRIPTION P/R
2013
JANUARY 10 Accounts Payable- Alberto's sari-sari 201 ü   
Purchase returns and allowances 502

15 sales returns and allowances 402

Accounts Recievable- Doña Narcisa Vda. De Zobella 103 ü   

27 Notes Recievable 102

Sales 401

Adjusting Entries

31 Utilities expense 511

Utilities Payable 203

31 Depreciation Expense-Furniture & Fixtiures 512

Depreciation Expense-Delivery Truck 513
Accumulated Depreciation-Furniture & Fixtiures
Accumulated Depreciation-Delivery Truck

31 Rent Expense 514

Prepaid rent 109

31 Insurance Expense 516

Prepaid Insurance 101

31 Store Supplies Expense 518

Office Supplies Expense 517
Store Supplies 107
Office Supplies 106

31 Doubtful Accouns Expenses 506

Allowance for Doubtful Accounts 104

Closing Entries

31 Sales 401
Purchase Reurns and Allowances 502
Purchase Discounts 503
Merchandise Inventory 105
Income Summary 303
 31 Income Summary 303
Sales return nd Allowances 402
Sales Discounts 403
Purchases 501
Salary Expense 507
Freigt Out 508
Gas & Oil Expense 510
Utilities Expense 511
Depreciation Expense- Fixture & Furniture 512
Depreciation Expense- Delivery Truck 513
Rent Expense 514
Insurance Expense 516
Store Supplies Expense 518
Office Supplies Expense 517
Doubtful Accounts Expense 506

31 Income Summary 303

A. Ventura Capital 501

FEBRUARY 9 Accounts Payable- Snowhite Garments 201 ü   

Purchase returns and allowances 502
11 Accounts Payable- Le Signature 201 ü   
Purchase returns and allowances 502
11 sales returns and allowances 402
Accounts Receivable- Madame Melda 103 ü   
17 Accounts Payable- Kiddie World 201 ü   
Purchase returns and allowances 502
20 Notes Receivable 102
Accounts Recievable-le fioreli 402
28 Notes Receivable 102
Sales 401

Adjusting Entries

28 Income Summary 303

Merchandise Inventory 105
28 Utilities expense 511
Utilities Payable 203
28 Doubtful Account Expense 506
Allowance for Doubtful Accounts 104

28 Depreciation Expense-Furniture & Fixtiures 512

Depreciation Expense-Delivery Truck 513
Accumulated Depreciation-Furniture & Fixtiures 111
Accumulated Depreciation-Delivery Truck 113

28 Rent Expense 514

Prepaid rent 109

28 Insurance Expense 516

Prepaid Insurance 108
interest Expense 505
Interest payable 206

28 Store Supplies Expense 518

Office Supplies Expense 517
Store Supplies 107
Office Supplies 106
Closing Entries

28 Sales 401
Purchase Returns and Allowances 502
Purchase Discounts 503
Income Summary 303

28 Income Summary 303

Sales return and Allowances 402
Sales Discounts 403
Purchases 501
Salary Expense 507
Freigt Out 508
Freigt In
Gas & Oil Expense 510
Utilities Expense 511
Depreciation Expense- Fixture & Furniture 512
Depreciation Expense- Delivery Truck 513
Rent Expense 514
Insurance Expense 516
Store Supplies Expense 518
Office Supplies Expense 517
Doubtful Accounts Expense 506
 Interest Expense
Merchandise Inventory 303

28 A. Ventura Capital 501

A. Ventura Drawing 302

28 Income Summary 303

A. Ventura Capital 501
DEBIT CREDIT

2,000.00
2,000.00

1,100.00
1,100.00

25,000.00
25,000.00

25,000.00
25,000.00

400.00
2,000.00
400.00
2,000.00

5,000.00
5,000.00

2,000.00
2,000.00

5,000.00
1,500.00
5,000.00
1,500.00

2,900.00
2,900.00

290,000.00
2,000.00
2,400.00
270,000.00
564,400.00
 444,860.00
1,900.00
160.00
410,000.00
15,000.00
500.00
1,000.00
2,500.00
400.00
2,000.00
5,000.00
2,000.00
5,000.00
1,500.00
2,900.00

1,145,540.00
1,145,540.00

1,500.00
1,500.00
500.00
500.00
1,000.00
1,000.00
3,000.00
3,000.00
17,000.00
17,000.00
20,000.00
20,000.00

30,000.00
30,000.00
13,000.00
13,000.00
-
-
 2,000.00
2,000.00

400.00
2,000.00
400.00
2,000.00

15,000.00
15,000.00

5,000.00
5,000.00
1,005.00
1,005.00

3,000.00
1,500.00
3,000.00
1,500.00

339,300.00
6,000.00
3,940.00
349,240.00

391,533.00
3,450.00
578.00
295,000.00
15,000.00
600.00
500.00
1,000.00
15,500.00
400.00
2,000.00
15,000.00
5,000.00
3,000.00
1,500.00
2,000.00
 1,005.00
30,000.00

5,000.00
5,000.00

(42,293.00)
(42,293.00) 55,793.00
 CASH
DATE PARTICULARS P/R DEBIT DATE
2013 2013
JAN. 1 CR1 681,840.00 JAN 31

681,840.00
FEB. 1 BEGINNING BALANCE 154,440.00
CR1 458,422.00
612,862.00
BEGINNING BALANCE 247,252.00

2013 2013
JAN. 1 CR1 681,840.00 JAN 31

681,840.00
FEB. 1 BEGINNING BALANCE 154,440.00
CR1 458,022.00
612,462.00
MAR. 1 BEGINNING BALANCE 246,852.00

NOTES RECEIVABLE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 27 J1 25,000.00
FEB. 1 BEGINNING BALANCE 25,000.00 FEB. 1
J1 17,000.00
J1 20,000.00
62,000.00
MAR. 1 BEGINNINGBALANCE J1 37,000.00
 ACCOUNTS RECEIVABLE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 S1 101,000.00 JAN. 15
31

101,000.00
FEB. BEGINNING BALANCE 81,900.00

ALLOWANCE FOR DOUBTFUL ACCOUNTS

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31
FEB. 1

MERCHANDISE INVENTORY
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 J2 27,000.00
FEB. 1 BEGINNING BALANCE 27,000.00

OFFICE SUPPLIES
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 6 CP1 1,000.00 JAN. 32
22 CP1 2,500.00
3,500.00

3,500.00
FEB. 1 BEGINNING BALANCE 2,000.00

STORE SUPPLIES
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 4 CP1 7,000.00 JAN. 31

7,000.00
FEB. 1 BEGINNING BALANCE 2,000.00
 PREPAID INSURANCE
DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 5 CP1 24,000.00 JAN. 31

24,000.00
FEB. 1 BEGINNING BALANCE 22,000.00

PREPAID INSURANCE
DATE PARTICULARSA P/R DEBIT DATE
2013
 PREPAID RENT
DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 3 CP1 20,000.00 JAN. 31

20,000.00
FEB. 1 BEGINNING BALANCE 15,000.00

FURNITURE & FIXTURE

DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 4 CP1 40,000.00
FEB. 1 BEGINNING BALANCE 40,000.00

ACCUMULATED DEPRECIATION- FURNITURE & FIXTURE

 DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31
FEB. 1

DELIVERY TRUCK
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 17 CP1 200,000.00

FEB. 1 BEGINNING BALANCE 200,000.00

ACCUMULATED DEPRECIATION- DELIVERY TRUCK

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31
FEB. 1
 ACCOUNTS PAYABLE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 27 J1 25,000.00

25,000.00

ACCOUNTS PAYABLE
DATE PARTICULARS P/R DEBIT DATE
2013
 NOTES PAYABLE
DATE PARTICULARS P/R DEBIT DATE
2013

UTILITIES PAYABLE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31
FEB. 1
 LOANS PAYABLE
DATE PARTICULARS P/R DEBIT DATE
2013

SALARY PAYABLE
DATE PARTICULARSA P/R DEBIT DATE
2013

INTEREST PAYABLE
DATE PARTICULARS P/R DEBIT DATE
 2013

A. VENTURA CAPITAL
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 2
31

FEB. 1

A. VENTURA CAPITAL
DATE PARTICULARS P/R DEBIT DATE
2013
 A VENTURA DRAAWING
DATE PARTICULARS P/R DEBIT DATE
2013

INCOME SUMMARY
DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 31 J2 449,860.00 JAN 31
31 J2 114,540.00
564,400.00
 SALES
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 J2 290,000.00 JAN. 27
31
31
290,000.00

SALES RETURN AND ALLOWANCES

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 15 J1 1,100.00 JAN.31
24 CP1 800.00
1,900.00
 SALES DISCOUNTS
DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 31 CR1 160.00 JAN. 31

INTEREST INCOME
DATE PARTICULARS P/R DEBIT DATE
2013

PURCHASES
DATE PARTICULARSA P/R DEBIT DATE
2013
JAN. 7 CP1 50,000.00 JAN. 31
14 CP1 20,000.00
31 P1 340,000.00
410,000.00

PURCHASE RETURNS AND ALLOWANCES

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 CLOSING J2 2,000.00 JAN. 14

PURCHASE DISCOUNTS
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 CLOSING J2 2,400.00 JAN. 31
 REPAIRS AND MAINTENANCE
DATE PARTICULARS P/R DEBIT DATE
2013

INTEREST EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
 DOUBTFUL ACCOUNTS EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 2,900.00 JAN. 31

SALARY EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 15 CP1 7,500.00 JAN. 31
30 CP1 7,500.00
15,000.00
 FREIGHT OUT
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 16 CP1 500.00 JAN. 31

FREIGHT IN
DATE PARTICULARS P/R DEBIT DATE
2013

GAS & OIL EXPENSES

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 17 CP1 1,000.00 JAN. 31
 UTILITIES EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 2,500.00 JAN. 31

DEPRECIATON EXPENSE- FURNITURE & FIXTURE

DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 400.00 JAN. 31
 DEPRECIATON EXPENSE- DELIVERY TRUCK
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 20,000.00 JAN. 31

RENT EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 5,000.00 JAN. 31
 INSURANCE EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 2,000.00 JAN. 31

OFFICE SUPPLIES
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 1,500.00 JAN. 31
 STORE SUPPLIES
DATE PARTICULARS P/R DEBIT DATE
2013
JAN. 31 ADJUSTING J1 5,000.00 JAN. 31

MISCELLANEOUS EXPENSE
DATE PARTICULARS P/R DEBIT DATE
2013
 PARTICULARS P/R CREDIT

CP1 527,400.00
BALANCE 154,440.00
681,840.00

CP1 365,610.00
BALANCE 247,252.00

CP1 527,400.00
BALANCE 154,440.00
681,840.00

CP1 365,610.00
BALANCE 246,852.00
612,462.00

LE
PARTICULARS P/R CREDIT

J1 25,000.00

BALANCE 37,000.00
62,000.00
ABLE
PARTICULARS P/R CREDIT

J1 1,100.00
CR1 18,000.00
19,100.00
81,900.00
101,000.00

L ACCOUNTS
PARTICULARS P/R CREDIT

ADJUSTING J1 2,900.00
BEGINNING BALANCE 2,900.00

NTORY
PARTICULARS P/R CREDIT
S
PARTICULARS P/R CREDIT

ADJUSTING J1 1,500.00

1,500.00
2,000.00
3,500.00

S
PARTICULARS P/R CREDIT

ADJUSTING J1 5,000.00
BALANCE 2,000.00
7,000.00
CE
PARTICULARS P/R CREDIT

ADJUSTING J1 5,000.00
BALANCE 2,000.00
7,000.00

CE
PARTICULARS P/R CREDIT
 PARTICULARS P/R CREDIT

ADJUSTING 5,000.00
BALANCE 15,000.00
20,000.00

URE
PARTICULARS P/R CREDIT

RNITURE & FIXTURE

 PARTICULARS P/R CREDIT

ADJUSTING J1 400.00
BEGINNIG BALANCE 400.00

K
PARTICULARS P/R CREDIT

DELIVERY TRUCK
PARTICULARS P/R CREDIT

ADJUSTING J1 2,000.00
BEGINNING BALANCE 2,000.00
BLE
PARTICULARS P/R CREDIT

BLE
PARTICULARS P/R CREDIT
E
PARTICULARS P/R CREDIT

LE
PARTICULARS P/R CREDIT

ADJUSTING J1 2,500.00
BEGINNING BALANCE 2,500.00
E
PARTICULARS P/R CREDIT

E
PARTICULARS P/R CREDIT

LE
PARTICULARS P/R CREDIT
TAL
PARTICULARS P/R CREDIT

INITIAL INVESTMENT CR1 500,000.00

TO CLOSE INCOME SUMMARY J1 114,540.00
614,540.00
BEGINNING BALANCE 614,540.00

TAL
PARTICULARS P/R CREDIT
WING
PARTICULARS P/R CREDIT

RY
PARTICULARS P/R CREDIT

CLOSING J2 564,400.00

564,400.00
 PARTICULARS P/R CREDIT

J1 25,000.00
S1 101,000.00
CR1 164,000.00
290,000.00

OWANCES
PARTICULARS P/R CREDIT

CLOSING J2 1,900.00
S
PARTICULARS P/R CREDIT

CLOSING J2 160.00

E
PARTICULARS P/R CREDIT

PARTICULARS P/R CREDIT

 CLOSING J2 410,000.00

LLOWANCES
PARTICULARS P/R CREDIT

CP1 2,000.00

NTS
PARTICULARS P/R CREDIT

CP1 2,400.00
NANCE
PARTICULARS P/R CREDIT

SE
PARTICULARS P/R CREDIT
EXPENSE
PARTICULARS P/R CREDIT

CLOSING J2 2,900.00

E
PARTICULARS P/R CREDIT

CLOSING J2 15,000.00
 PARTICULARS P/R CREDIT

CLOSING J2 500.00

PARTICULARS P/R CREDIT

ES
PARTICULARS P/R CREDIT

CLOSING J2 1,000.00
SE
PARTICULARS P/R CREDIT

CLOSING J2 2,500.00

TURE & FIXTURE

PARTICULARS P/R CREDIT

CLOSING J2 400.00
IVERY TRUCK
PARTICULARS P/R CREDIT

CLOSING J2 20,000.00

PARTICULARS P/R CREDIT

CLOSING J2 5,000.00
NSE
PARTICULARS P/R CREDIT

CLOSING J2 2,000.00

S
PARTICULARS P/R CREDIT

CLOSING J2 1,500.00
S
PARTICULARS P/R CREDIT

CLOSING J2 5,000.00

ENSE
PARTICULARS P/R CREDIT
 ACCOUNTS RECEIVABLE LEDGER
NAME: DAJA VU ADDRES QUEZON AVENUE, QUEZON CITY
DATE PARTICULARS P/R DEBIT CREDIT BALANCE

DON BORBON HILLS BOROUGH, METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 23 S1 19,500.00 19,500.00
FEB. 12 CR2 19,500.00
12 S2 20,000.00 20,000.00

DOÑA NARCISA VD. DE ZOBELLA CORINTHIAN, METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 13 S1 10,500.00 10,500.00
15 J1 1,100.00 9,400.00
FEB. 2 CR2 5,000.00 4,400.00
11 S2 7,500.00 11,900.00
12 CR2 4,400.00 7,500.00

IY'S INITIAL AYALA METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
 LE DONNE AYALA, MAKATI CITY
DATE PARTICULARS P/R DEBIT CREDIT BALANCE
FEB. 25 S1 20,000.00 20,000.00
25 CR2 5,000.00 15,000.00

LE FIORELLI WHITE PLAINS, METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 21 S1 17,000.00 17,000.00
FEB. 1 S1 20,000.00 37,000.00
20 JV 17,000.00 20,000.00

LITTLE CRISTLE MAE FORBES PARK, MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 26 S1 3,500.00 3,500.00
FEB. 5 CR2 3,500.00
23 S2 4,000.00 4,000.00
23 CR2 400.00 3,600.00

MADAME MELDA MAGALLANES VILLAGE, MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 13 S1 8,000.00 8,000.00
23 CR1 8,000.00
28 S1 17,500.00 17,500.00
FEB. 10 S2 15,000.00 32,500.00
 11 1,000.00 31,500.00 CM
22 CR2 14,000.00 17,500.00
21 S2 9,000.00 26,500.00
23 CR2 4,500.00 22,000.00
27 CR2 17,500.00 4,500.00

THE TRIBE AYALA, MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 14 S1 10,000.00 10,000.00
30 CR1 10,000.00
31 S1 15,000.00 15,000.00
FEB. 11 S1 7,800.00 22,800.00
15 CR2 15,000.00 7,800.00
26 CR2 7,800.00 -

ATTY. VICTORINO VIZMONTE ALABANG, METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
GL
 ACCOUNTS PAYABLE LEDGER
NAME: ALBERTO'S SARI-SARI ADDRES ALABANG METRO MANILA
DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 8 P1 25,000.00 25,000.00
10 J1 2,000.00 40,000.00 23,000.00
30 P1 23,000.00 63,000.00
31 CP1 40,000.00
FEB. 7 P1 20,000.00 60,000.00
7 CP 500.00 59,500.00
9 CP 39,200.00 20,300.00
19 P1 25,000.00 45,300.00
25 CP 5,000.00 40,300.00
28 CP 19,600.00 20,700.00

CROWN COMPANY SM WEST, METRO MANILA

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
FEB 5 P1 2,000.00 2,000.00

FINE FURNISHINGS CALOOCAN CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
FEB. 21 P2 15,000.00 15,000.00
 KATRINA'S SIGNATURE CORINTHIAN MAKATI CITY
DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 9 P1 40,000.00 40,000.00
18 CP 40,000.00
FEB. 8 P1 35,000.00 35,000.00
18 CP 35,000.00

KIDDIE WORLD QUAD, MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 15 P1 20,000.00 20,000.00
FEB. 13 P1 50,000.00 70,000.00
14 CP 20,000.00 50,000.00
17 J1 3,000.00 47,000.00
20 P1 18,000.00 65,000.00

LEATHER HOUSE FORBES PARK, MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 9 P1 25,000.00 25,000.00
9 CP1 5,000.00 20,000.00
17 P1 20,000.00 40,000.00
19 CP1 20,000.00 20,000.00
FEB 2 P1 10,000.00 30,000.00
8 CP 4,000.00 26,000.00
8 P1 20,000.00 46,000.00
16 CP 20,000.00 26,000.00
18 CP 16,000.00 10,000.00
 LE SIGNATURE MAKATI CITY
DATE PARTICULARS P/R DEBIT CREDIT BALANCE
FEB. 6 P1 25,000.00 25,000.00
11 J1 500.00 24,500.00
15 CP 2,000.00 22,500.00

SEÑORA'S APPAREL GREENBELT MAKATI CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 17 P1 50,000.00 50,000.00
26 CP1 50,000.00
29 P1 30,000.00 30,000.00
FEB. 2 P1 40,000.00 70,000.00
12 CP 39,200.00 30,800.00
19 P1 26,000.00 56,800.00
28 CP 30,000.00 26,800.00

SNOWHITE GARMENTS GOLDEN PALACE QUEZON CITY

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 14 P1 60,000.00 60,000.00
25 P1 20,000.00 80,000.00
FEB. 4 CP 19,600.00 60,400.00
9 J1 1,500.00 58,900.00
13 CP 58,500.00 400.00
15 P1 18,000.00 18,400.00
 24 CP 18,000.00 400.00

VINA'S BOUTIQUE GREENHILLS, SAN JUAN

DATE PARTICULARS P/R DEBIT CREDIT BALANCE
2013
JAN. 12 P1 10,000.00 10,000.00
20 CP 5,000.00 5,000.00
31 CP 5,000.00
FEB. 8 P1 8,000.00 8,000.00
28 CP 8,000.00
30,000.00

55,000.00
 APPAREL FASHION HOUSE LTD.
Worksheet
For the month ended January 31, 2013

TRIAL BALANCE ADJUSTMENTS STATEMENT OF FINANCIAL PERFORMAN

ACCOUNT TITLE
DR CR DR CR DR
Cash 154,440.00 154,440.00 cr-cp
Notes Reveivable 25,000.00
Accounts Receivbale 81,900.00
Office Supplies 3,500.00 3,500.00 SUMMARY+ENDING INV.
Store Supplies 7,000.00 7,000.00 SUMMARY+ENDING INV.
Prepaid Insurance 24,000.00
Prepaid Rent 20,000.00
Furniture and Fixture 40,000.00
Delivery Truck 200,000.00
Accounts Payable 190,000.00
A. Ventura Capital 500,000.00
Sales 290,000.00
Sales Return & Allowances 1,900.00 1,900.00
Sales Discounts 160.00 160.00
Purchases 410,000.00 410,000.00
Purchase returns & Allowances 2,000.00
Purchase Discounts 2,400.00
Salary Expenses 15,000.00 15,000.00
Freight-Out 500.00 500.00
Gas & Oil Expenses 1,000.00 1,000.00
984,400.00 984,400.00
Merchandise Inventory
Utilities Expense 2,500.00 2,500.00
Utilities Payable 2,500.00
Depreciation Expense- Furniture & Fixture 400.00 400.00
Depreciation Expense- Delivery Truck 2,000.00 2,000.00
Accumulated Depreciation- Fixture & Furniture 400.00
Accumulated Depreciation- Delivery Truck 2,000.00
Rent Expense 5,000.00 5,000.00
Insurance Expense 2,000.00 2,000.00
Store Suppplies Expense 5,000.00 5,000.00
Office Supplies Expense 1,500.00 1,500.00
Doubtful Avvounts Expene 2,900.00 2,900.00
Allowance for Doubtful Accounts 2,900.00
21,300.00 7,800.00 449,860.00
Net Income 114,540.00
564,400.00

APPAREL FASHION HOUSE LTD.

Worksheet
For the month ended February 28, 2013

TRIAL BALANCE ADJUSTMENTS STATEMENT OF FINANCIAL PERFORMAN

ACCOUNT TITLE
DR CR DR CR DR
Cash 246,852.00
Notes Reveivable 37,000.00
Accounts Receivbale 70,600.00
Allowance for Doubtful Accounts 2,900.00 2,000.00
Merchandise Inventory-Beginning 270,000.00 30,000.00 270,000.00
Office Supplies 4,000.00 1,500.00
Store Supplies 8,000.00 3,000.00
Prepaid Insurance 22,000.00 5,000.00
Prepaid Rent 15,000.00 15,000.00
Furniture and Fixture 55,000.00
Accumulated depreciation-Furniture & Fixture 400.00 400.00
Delivery Truck 200,000.00
Accumulated depreciationDelivery Truck 2,000.00 2,000.00
Accounts Payable 160,500.00
Notes Payable 100,000.00
Utilities Payable 2,500.00 13,000.00
A. Ventura Capital 634,540.00
A. Ventura Drawing 5,000.00
Sales 339,300.00
Sales Return & Allowances 3,450.00 3,450.00
Sales Discounts 578.00 578.00
Purchases 295,000.00 295,000.00
Purchase returns & Allowances 6,000.00
Purchase Discounts 3,940.00
Salary Expenses 15,000.00 15,000.00
Freight-Out 600.00 600.00
FREIGHT IN 500.00 500.00
Gas & Oil Expenses 1,000.00 1,000.00
Utilities Expense 2,500.00 13,000.00 15,500.00
Interest Expense
1,252,080.00 1,252,080.00
Income Summary 30,000.00
Doubtful Account Expense 2,000.00 2,000.00
Office Supplies-Expense 1,500.00 1,500.00
Store Supplies-Expense 3,000.00 3,000.00
Insurance Expense 5,000.00 5,000.00
Rent Expense 15,000.00 15,000.00
Depreciation Expense- Furniture & Fixture 400.00 400.00
Depreciation Expense- Delivery Truck 2,000.00 2,000.00
Interest EXpense 1,005.00 1,005.00
Interest Payable 1,005.00
72,905.00 72,905.00 631,533.00
Net Loss -
631,533.00
MENT OF FINANCIAL PERFORMANCE STATEMET OF FINANACIAL POSITION
CR DR CR
154,440.00
25,000.00
81,900.00
2,000.00
2,000.00
22,000.00
15,000.00
40,000.00
200,000.00
190,000.00
500,000.00
290,000.00

2,000.00
2,400.00

270,000.00 270,000.00

2,500.00
 400.00
2,000.00

2,900.00

564,400.00 812,340.00 697,800.00

114,540.00
564,400.00 812,340.00 812,340.00

MENT OF FINANCIAL PERFORMANCE STATEMET OF FINANACIAL POSITION

CR DR CR
246,852.00
37,000.00
70,600.00
4,900.00
240,000.00 240,000.00
2,500.00
5,000.00
17,000.00
-
55,000.00
800.00
200,000.00
4,000.00
 160,500.00
100,000.00
15,500.00
634,540.00
5,000.00
339,300.00

6,000.00
3,940.00

1,005.00
589,240.00 878,952.00 921,245.00
42,293.00 42,293.00 -
631,533.00 921,245.00 921,245.00
-
 APPAREL FASHION HOUSE LTD.
Statement of Financial Position
January 31, 2013

ASSETS LIABILITIES

CURRENT ASSETS: CURRENT LIABILITIES:

cash PHP 154,440.00 Accounts Payable
notes recievable 25,000.00 Utilities Payable
accounts recievable PHP 81,900.00 TOTAL
allowance for doubtful accounts 2,900.00 79,000.00 Capital
merchandise inventory 270,000.00 Capital, January 1, 1995
office supplies 2,000.00 Add: Net Income
store supplies 2,000.00 (Per Income Statement)
prepaid insurance 22,000.00
prepaid rent 15,000.00
PHP 569,440.00
NON-CURRENT ASSETS:
furniture and fixture PHP 40,000.00
accumulated depreciation 400.00 PHP 39,600.00
delivery truck 200,000.00
accumulated depreciation 2,000.00 198,000.00 237,600.00
TOTAL ASSETS: PHP 807,040.00 TOTAL LIABILITIES:

APPAREL FASHION HOUSE LTD.

Statement of Financial Position
February 28, 2013
 ASSETS LIABILITIES

CURRENT ASSETS: CURRENT LIABILITIES:

cash PHP 246,852.00 Accounts Payable
notes recievable 37,000.00 Notes Payable
accounts recievable PHP 70,600.00 Utilities Payable
allowance for doubtful accounts (4,900.00) 65,700.00 Interest Payable
merchandise inventory 240,000.00
office supplies 5,000.00 TOTAL
store supplies 2,500.00 Capital
prepaid insurance 17,000.00 A. Ventura Capital Feb. 1, 2013
- Drawing
PHP 614,052.00 Net Loss
NON-CURRENT ASSETS:
furniture and fixture PHP 55,000.00
accumulated depreciation (800.00) PHP 54,200.00
delivery truck 200,000.00
accumulated depreciation (4,000.00) 196,000.00 250,200.00
TOTAL ASSETS: PHP 864,252.00 TOTAL LIABILITIES:
 PHP 190,000.00
2,500.00
192,500.00

PHP 500,000.00

114,540.00 614,540.00

PHP 807,040.00
 PHP 160,500.00
PHP 100,000.00
15,500.00
1,005.00 PHP 277,005.00

PHP 634,540.00
(5,000.00)
(42,293.00) PHP 587,247.00

PHP 864,252.00
 APPAREL FASHION HOUSE LTD.
Statement of Financial Performance
January 31, 2013

Sales PHP 290,000.00

less: Sales Returns and Allowances PHP 1,900.00
Sales Discounts 160.00 2,060.00 PHP 287,940.00
Net Sales
less: Cost of Goods Sold PHP 410,000.00
Purchases PHP 2,000.00
less: Purchase Returns and Allowances 2,400.00 4,400.00
Purchase Discounts PHP 414,400.00
Net Pruchases 135,600.00
less: Merchandise Inventory,January 32 PHP 152,340.00
Gross Profit
less: Operating Expenses:
Salary PHP 15,000.00
Rent 5,000.00
Store Supplies 5,000.00
Utilities 2,500.00
Depreciation Epeense- Delivery Truck 2,000.00
Insurance 2,000.00
Office Supplies 1,500.00
Gas & Oil 1,000.00
Doubtful Accounts 2,900.00
Freight -Out 500.00
Depreciation Expense- Furniture & Fixture 400.00 PHP 37,800.00
Net Income PHP 114,540.00

APPAREL FASHION HOUSE LTD.

 Statement of Financial Performance
February 28, 2013

Sales PHP 339,300.00

less: Sales Returns and Allowances PHP 3,450.00
Sales Discounts 578.00 PHP 4,028.00 PHP 335,272.00
Net Sales
less: Cost of Goods Sold
Inventory Beginning PHP 270,000.00
Purchases PHP 295,000.00
less: Purchase Returns and Allowances 6,000.00
Purchase Discounts 3,940.00 9,940.00
Net Pruchases PHP 285,060.00
Freight In PHP 500.00
Total Goods Available for Sale PHP 555,560.00
less: Merchandise Inventory,January 31 240,000.00 PHP 315,560.00
Gross Profit PHP 19,712.00
less: Operating Expenses: PHP 15,000.00
Salary PHP 600.00
Freight -Out 1,000.00
Gas & Oil 15,500.00
Utilities 2,000.00
Doubtful Accounts 1,500.00
Office Supplies 3,000.00
Store Supplies 5,000.00
Insurance 15,000.00
Rent Expense 400.00
Depreciation Expense- Furniture & Fixture 2,000.00
Depreciation Expense- Delivery Truck 1,005.00
Interest Expense PHP 62,005.00
(PHP 42,293.00)
 SHEDULE OF ACCOUNTS RECEIVABLE
January 31, 2013

Don Borbon PHP 19,500.00

Doña Narisa Vda. De Zobella 9,400.00
Le Fiorelli 17,000.00
Little Cristle Mae 3,500.00
Madame Melda 17,500.00
The Tribe 15,000.00
TOTAL PHP 81,900.00

SHEDULE OF ACCOUNTS RECIEVABLE

February 28, 2013

Don Borbon PHP 20,000.00

Doña Narisa Vda. De Zobella 7,500.00
Le Donne 15,000.00
Le Fiorelli 20,000.00
Little Cristle Mae 3,600.00
Madame Melda 4,500.00
TOTAL PHP 70,600.00
 SHEDULE OF ACCOUNTS PAYABLE
January 31, 2013

Alberto's Sari sari PHP 40,000.00

Kiddie World 20,000.00
Leather House 20,000.00
Señora's Apparel 30,000.00
Snowhite Garments 80,000.00

TOTAL PHP 190,000.00

SHEDULE OF ACCOUNTS PAYABLE

February 28, 2013

Alberto's Sari sari PHP 20,700.00

Crown Company 2,000.00
Fine Furnishing 15,000.00
Kiddie World 65,000.00
Leather House 10,000.00
Le Signature 22,500.00
Señora's Apparel 26,800.00
Snowhite Garments 400.00
TOTAL PHP 162,400.00
 APPAREL FASHION HOUSE LTD.
Post Closng Trial Balance
January 31, 2013

cash PHP 154,440.00

notes recievable 25,000.00
accounts recievable 81,900.00
allowance for doubtful accounts PHP 2,900.00
merchandise inventory 270,000.00
office supplies 2,000.00
store supplies 2,000.00
prepaid insurance 22,000.00
prepaid rent 15,000.00
furniture & fixture 40,000.00
accumulated depreciation f&f 400.00
delivery truck 200,000.00
accumulated depreciationdelivery truck 2,000.00
accounts payable 190,000.00
utilities payable 2,500.00
a ventura capital 614,540.00
total PHP 812,340.00 PHP 812,340.00

APPAREL FASHION HOUSE LTD.

Post Closng Trial Balance
February 28, 2013

cash PHP 246,852.00

notes recievable 37,000.00
accounts recievable 70,600.00
allowance for doubtful accounts PHP 4,900.00
merchandise inventory 240,000.00
office supplies 2,500.00
store supplies 5,000.00
prepaid insurance 17,000.00
furniture & fixture 55,000.00
accumulated depreciation f&f 800.00
delivery truck 200,000.00
accumulated depreciationdelivery truck - 4,000.00
accounts payable 160,500.00
notes payable 100,000.00
utilities payable 15,500.00
interest payable 1,005.00
a ventura capital 587,247.00
total PHP 873,952.00 PHP 873,952.00