HOME OFFICE BOOK

(JOURNAL ENTRY)

SAMPLE INVENTORY 150,000.00

SHIPMENT TO AGENCY

WORKING FUNDS- AGENCY 20,000.00

CASH

COGS (1,800,000*33.33) 600,000.00

SHIPMENT TO AGENCY

A/R 1,000,000.00
SALES- AGENCY
UNEARNED INCOME

EXPENSE-AGENCY 13,500.00
CASH

COMMISSION EXPENSE 22,500.00

CASH

ADVERTISEMENT EXPENSE 105,000.00

SAMPLE INVENTORY- DAVAO
1,911,000.00
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150,000.00
NET INCOME
FILLED UP SALE 900,000.00
20,000.00 COGS 600,000.00
GP 300,000.00
EXPENSE 36,000.00
SAMPLE USED 105,000.00
600,000.00 NET INCOME 159,000.00

SALES 150% 900,000.00

900,000.00 COGS 100% 600,000.00
100,000.00 GP 50% 300,000.00

13,500.00

22,500.00

105,000.00
1,911,000.00