Due Date Voucher NoPayee Amount

3/10/2018 193 Camiseria Palaganas 26,880.00

9/10/2018 198 Bisana Marketing 224,000.00
10/010/2018 200 Social Security System 15,650.00
Bureau of Internal Revenue -
10/10/2018 201 Withholding Taxes on Salaries 14,170.98
10/10/2018 197 Burgos Shirts 44,800.00
11/10/2018 202 Philhealth 5,857.50
10/13/2018 199 Mones Trading 112,000.00
10/15/2018 203 Pag-IBIG Fund 1,800.00
10/24/2018 195 Victorino Wears 24,640.00
10/25/2018 204 Bureau of Internal Revenue - VAT 63,003.00
532,801.48

Accounts Payable 432,320.00

SSS and EC Contributions Payable 15,650.00
PhiHealth Contributions Payable 5,857.50
Pag-IBIG Contributions Payable 1,800.00
Withholding Taxes Payable 14,170.98
Value-Added Taxes Payable 63,003.00

532,801.48
 Account Classification
Accounts Payable
Accounts Payable
SSS and EC Contributions Payable

Withholding Taxes Payable

Accounts Payable
Philhealth Contributions Payable
Accounts Payable
Pag-IBIG Contributions Payable
Accounts Payable
VAT Payable
 Kashato Shirts
Post-Closing Trial Balance
30-Sep-18

No. Account Title Debit Credit

100 Cash 271,571.20
101 Petty Cash 16,000.00
110 Notes Receivable 240,000.00
111 Interest Receivable 2,400.00
112 Accounts Receivable 313,600.00
113 Allowance for Uncollectible Accounts 9,408.00
120 Merchandise Inventory 871,200.00
130 Supplies 14,500.00
140 Prepaid Insurance 12,750.00
141 Prepaid Rent 150,000.00
150 Furniture and Fixtures 650,000.00
151 Accu. Depreciation - Furnitures and Fixtures 74,250.00
152 Equipment 735,000.00
153 Accu. Depreciation - Equipment 134,500.00
154 Service Vehicle 410,000.00
155 Accu. Depreciation - Service Vehicle 33,000.00
160 Rent Deposit 150,000.00
161 Utilities Deposit 18,500.00
200 Notes Payable 500,000.00
201 Interest Payable 16,166.67
240 Vouchers Payable 532,801.48
300 Therese Ballada, Capital 2,555,395.05

3,855,521.20 3,855,521.20
 JOURNAL
Date Accounts Debit Credit
Oct 1 Accounts Receivable 56,000
Sales (Cardenas) 56,000

1 Cash (Del Mundo) 87,808

Sales Discount 1,792
Accounts Receivable 89,600

2 Purchase (Blanche) 179,200

Accounts Payable 179,200

2 Trans In (Tria) 1,120

Cash 1,120

3 Accounts Payable (Camiseria) 26,880

Cash 26,880

4 Accounts Receivable 22,400

Sales (Del Mundo) 22,400

4 Sales Return (Selisana) 4,480

Accounts Receivable 4,480

4 Repairs and Maintenance Exp. (Salvador) 2,688

Cash 2,688

5 Cash (Selisana) 43,904

Sales Discount 896
Accounts Receivable 44,800

5 Purchase (n/30) 22,848

Accounts Payable (Manalo) 22,848
5 Accounts Payable (Blanche) 11,200
Purchase Return and Allowances 11,200

8 Cash 418,432
Sales 418,432

8 Cash (Modesto) 26,342.40

Sales Discount 537.60
Accounts Receivable 26,880

8 Cash (Calamba) 11,200

Accounts Receivable 11,200

9 Accounts Payable (Bisana) 224,000

Purchase Discount 4,480
Cash 219,520

10 SSS & EC. Contribution Payable 15,650

Cash 15,650

10 Withholding Taxes Payable 14,170.98

Cash 14,170.98

11 Philhealth Contribution Payable 5,857.50

Cash 5,857.50

12 Accounts Receivable (Modesto) 53,760

Sales 53,760

12 Cash (Marasigan) 78,400

Accounts Receivable 78,400

12 Furniture & Fixture 40,320

Accounts Payable (Medina) 40,320
13 Accounts Payable (Mones) 112,000
Purchase Discount 1,120
Cash 110,880

15 Cash 344,960
Sales 344,960

15 Salaries Expenses 104,956.935

Cash 104,956.935

15 Supplies (Geron) 6,720

Cash 6,720

15 Accounts Payable (Burgos) 44,800

Cash 44,800

15 Pag-ibig Contribution Payable 1,800

Cash 1,800

16 Accounts Receivable (Selisana) 100,800

Sales 100,800

16 Purchase (Bisana) 134,400

Accounts Payable 134,400

17 Accounts Payable (Medina) 11,200

Furniture and Fixtures 11,200

17 Accounts Payable (Blanche) 168,000

Purchase Discount 3,360
Cash 164,640

18 Repairs & Maintenance Exp. 5,600

Cash 5,600
19 Accounts Receivable (Marasigan) 64,960
Sales 64,960

19 Cash (Cardenas) 17,920

Accounts Receivable 17,920

19 Notes Receivable 33,600

Accounts Receivable 33,600

20 Purchase 112,000
Accounts Payable 112,000

22 Cash 328,720
Sales 328,720

22 Trans In (Galang-Bisana) 3,360

Cash 3,360

22 Cash (Modesto) 52,685

Sales Discount 1,075
Accounts Receivable 53,760

23 Notes Payable 500,000

Interest Payable 16,166.67
Interest Expense 3,833
Cash (Dona) 520,000

23 Supplies (Gamba) 7,100.80

Cash 7,100.80

24 Purchase (Burgos) 112,000

Accounts Payable 112,000
24 Cash (Matuguinas) 244,000
Interest Income 1,600
Interest Receivable 2,400
Notes Receivable 240,000

24 Accounts Payable (Victorino) 24,640

Cash 24,640

25 VAT Payable 63,003

Cash 63,003

26 Cash (Selisana) 98,784

Sales Discount 2,016
Accounts Receivable 100,800

26 Accounts Payable (Bisana) 134,400

Purchase Discount 2,688
Cash 131,712

26 Purchase (Blanche) 206,080

Accounts Payable 206,080

29 Accounts Receivable (Modesto) 89,600

Sales 89,600

29 TB, Withdrawals 160,000

Cash 160,000

29 Supplies 5,432
Miscellaneous Expense 784
Cash (Petty) 6,216

30 Cash (Cardenas) 56,000

Accounts Receivable 56,000
30 Utilities Expense (MERALCO) 16,800
Cash 16,800

30 Utilities Expense (Mabuhay) 8,176

Cash 8,176

30 Advertising Expense 8,960

Cash 8,960

31 Salaries Expense 104,956.935

Cash 104,956.935

31 SSS and EC Contribution Expense 15,650

SSS and EC Payable 15,650

31 Philhealth Expense 5,857.50

Philhealth Payable 5,857.50

31 Pagibig Expense 1,800

Pagibig Payable 1,800

31 Salaries Expense 14,170.98

Withholding Payable 14,170.98

31 Cash 567,952
Sales 567,952

31 Therese Ballada, Withdrawal 45,000

Cash 45,000

31 Allowance for Uncollectible Accounts 6,720

Accounts Receivable (Tresma) 6,720

31 Cash (Marasigan) 64,960

 Accounts Receivable 64,960

31 Ouput Tax 226,387.20

Input Tax 89,950.80
VAT Payable 136,436.40

31 Accounts Receivable (Feliciano) 76,160

Sales 76,160
 SALES JOURNAL
Sales Debit Credit
Post
Date Invoice Accounts Debited Accounts
Ref. Output Tax
No. Receivable
Oct 1 254 Cardenas Marketing 56,000 6,000
4 255 Del Mundo Shirts 22,400 2,400
12 256 Modesto Bargain House 53,760 5,760
16 257 Selisana Garments 100,800 10,800
19 258 Marasigan Enterprise 64,960 6,960
29 259 Modesto Bargain House 89,600 9,600
31 260 Feliciano Outfitters 76,160 8,160

Total 463,680 49,680

Credit
Sales

50,000
20,000
48,000
90,000
58,000
80,000
68,000

414,000
 CASH RECEIPTS JOURNAL
Debit
Date O.R. No. Description
Output
Cash Sales Discount
Tax
Oct 1 232 Rcvd. Del Mundo 87,808.00 192.00 1,600.00
5 233 Rcvd. Selisana Garments 43,904.00 96.00 800.00
8 Cash Sales 418,432.00
8 234 Rcvd. Modesto 26,342.40 57.60 480.00
8 235 Rcvd. Calamba 11,200.00
12 236 Rcvd. Marasigan 78,400.00
15 Cash Sales 344,960.00
19 237 Rcvd. Cardenas 17,920.00
22 Cash Sales 328,720.00
22 238 Rcvd. Modesto 52,684.80 115.20 960.00
24 239 Rcvd. Matuguinas 244,000.00

26 240 Rcvd. Selisana 98,784.00 216.00 1,800.00

30 241 Rcvd. Cardenas 56,000.00
31 Cash Sales 567,952.00
31 242 Rcvd. Marasigan 64,960.00

2,442,067.20 676.80 5,640.00

TOTAL 2,448,384.00

Output Tax (Cr) 177,187.20

ASH RECEIPTS JOURNAL
Credit
Other Accounts
Accounts
Output Tax Sales Account Title F Amount
Receivable
89,600.00
44,800.00
44,832.00 373,600.00
26,880.00
11,200.00
78,400.00
36,960.00 308,000.00
17,920.00
35,220.00 293,500.00
53,760.00
Notes Receivable 240,000.00
Interest Receivable 2,400.00
Interest Income 1,600.00
100,800.00
56,000.00
60,852.00 507,100.00
64,960.00

544,320.00 177,864.00 1,482,200.00 244,000.00

2,448,384.00
 VOUCHER R
Voucher Date
Payee Terms
No. Date Paid Ck. No.
Oct 205 2 2/15, n/60 cancelled V#0209
206 2 O2 81191
207 4 04 81193
208 5 n/30
209 5 2/15, n/60 O 17 81203

210 12 n/30 cancelled V#0214

211 15 n/30 O 15 81199

212 15 C.O.D. O 15 81200

213 16 2/10, n/30 O 26 81210
214 17 n/30

215 18 O 18 81204
216 20 n/30
217 22 O 22 81205
218 23 O 23 81206

219 23 C.O.D. O 23 81207

220 24 1/15, n/60
221 26 2/15, n/60
222 29 O 29 81211
223 29 0 29 81212

224 30 O 30 81213
225 30 O 30 81214
226 30 O 30 81215
227 31 O 31 81216

228 31

229 31
230 31

231 31
232 31 O 31 81217

233 31
 VOUCHER REGISTER
Credit Debit
Other Accounts
Voucher
Purchases Input Tax
Payable Account Title PR
179,200.00 160,000.00 19,200.00
1,120.00 120.00 Transportation In 501
2,688.00 288.00 Repairs and Maint. Exp. 605
22,848.00 20,400.00 2,448.00
168,000.00 Voucher Payable 240
Purchase Return & Allowances 503
Input Tax 230-1
40,320.00 4,320.00 Furniture & Fixture 150
104,956.935 Salaries Expense 610
SSS Payable 211
Philhealth Payable 212
Pag-IBIG Payable 213
WHTax Payable 214
6,720.00 720.00 Supplies 130
134,400.00 120,000.00 14,400.00
29,120.00 Voucher Payable 240
Furniture and Fixture 503
Input Tax 230-1
5,600.00 600.00 Repairs and Maint. Exp. 605
112,000.00 100,000.00 12,000.00
3,360.00 360.00 Transportation In 501
520,000.00 Notes Payable 200
Interest Payable 201
Interest Expense 650
7,100.80 760.80 Supplies 130
112,000.00 100,000.00 12,000.00
206,080.00 184,000.00 22,080.00
160,000.00 Therese Ballada, Withdrawals 301
6,216.00 582.00 Supplies 130
84.00 Miscellaneous Expense 640
16,800.00 1,800.00 Utilities Expense 604
8,176.00 876.00 Utilities Expense 604
8,960.00 960.00 Advertising Expense 600
104,956.935 Salaries Expense 610
SSS Payable 211
Philhealth Payable 212
Pag-IBIG Payable 213
WHTax Payable 214
15,650.00 SSS and EC Cont. Exp. 611
SSS Payable 211
5,857.50 Philhealth Cont. Exp. 612
 Philhealth Payable 212
1,800.00 Pag-IBIG Cont. Exp. 613
Pag-IBIG Payable 213
14,170.98 WHTax Payable 214
45,000.00 Therese Ballada, Withdrawals 301
2,043,101.15 684,400.00 93,598.80

136,436.40 VAT Payable 230

2,179,537.55 684,400.00 93,598.80

2,225,023.68 2,225,023.68
Other Accounts
Debit Credit

1,000.00
2,400.00

179,200.00
10,000.00
1,200.00
36,000.00
116,500.00
2,543.20
1,464.375
450.00
7,085.49
6,000.00

40,320.00
10,000.00
1,200.00
5,000.00

3,000.00
500,000.00
16,166.67
3833.33
6,340.00

160,000.00
4,850.00
700.00
15,000.00
7,300.00
8,000.00
116,500.00
2,543.20
1,464.375
450.00
7,085.49
10,563.60
5,086.40
2,928.75
 2,928.75
900.00
900.00
14,170.98
45,000.00
1,310,588.48 45,486.13

136,436.40
1,447,024.88 45,486.13
 CHECK REGISTER
Check Debit Credit
Payee Vo. No. Voucher Purchase
No. Date Payable Discounts
Oct 81191 2 Tria Forwarders 206 1,120.00
81192 3 Camiseria Palaganas 193 26,880.00
81193 4 Salvador Services 207 2,688.00
81194 9 Bisana Marketing 198 224,000.00 4,000.00
81195 10 Social Security System 200 15,650.00
81196 10 Bureau of Internal Revenue 201 14,170.98
81197 11 Philippine Health Institute 202 5,857.50
81198 13 Mones Trading 199 112,000.00 1,000.00
81199 15 Payroll 211 104,956.935
81200 15 Geron Merchandising 212 6,720.00
81201 15 Burgos Shirts 197 44,800.00
81202 15 Pag-IBIG Fund 203 1,800.00
81203 17 Blanche Manufacturing 209 168,000.00 3,000.00
81204 18 Andam Repairs 215 5,600.00
81205 22 Galang Freights 217 3,360.00
81206 23 Dona Deogracia 218 520,000.00
81207 23 Gamba Supplies 219 7,100.80
81208 24 Victorino Wears 195 24,640.00
81209 25 Bureau of Internal Revenue 204 63,003.00
81210 26 Bisana Marketing 213 134,400.00 2,400.00
81211 29 Therese Ballada 222 160,000.00
81212 29 Winston Apalisoc 223 6,216.00
81213 30 MERALCO 224 16,800.00
81214 30 Mabuhay Phil. 225 8,176.00
81215 30 People's Journal 226 8,960.00
81216 31 Payroll 227 104,956.935
81217 31 Therese Ballada 232 45,000.00

TOTAL 1,836,856.15 10,400.00

BALANCE 1,836,856.15 1,836,856.15

Accounts Payable (paid) 723,072.00

Salaries 209,913.87

Payments to suppliers 723,072.00

Credit
Input Tax Cash
1,120.00
26,880.00
2,688.00
480.00 219,520.00
15,650.00
14,170.98
5,857.50
120.00 110,880.00
104,956.935
6,720.00
44,800.00
1,800.00
360.00 164,640.00
5,600.00
3,360.00
520,000.00
7,100.80
24,640.00
63,003.00
288.00 131,712.00
160,000.00
6,216.00
16,800.00
8,176.00
8,960.00
104,956.94
45,000.00

1,248.00 1,825,208.15
 General Journal
Date Account Titles and Explanation PR Debit Credit

Oct 4 Sales Return (Selisana) 402 4,000.00

Ouput Tax 230-2 480.00
Accounts Receivable 112 4,480.00

19 Notes Receivable 110 33,600.00

Accounts Receivable 112 33,600.00

31 Allowance for Uncollectible Accounts 113 6,720.00

Accounts Receivable (Tresma) 112 6,720.00

31 Ouput Tax 230-2 226,387.20

Input Tax 230-1 89,950.80
VAT Payable 230 136,436.40

ADJUSTMENTS:
a. Interest Receivable 134.40
Interest Income 134.40

b. Uncollectible Accounts Expense 4,771.20

Allowance for Uncollectible Accounts 4,771.20

c. Supplies Expense 22,190.00

Supplies 22,190.00

d. Insurance Expense 2,750.00

Prepaid Insurance 2,750.00

e. Rent Expense 50,000.00

Prepaid Rent 50,000.00

f. Depreciation Exp. - F&F 7,605.00

Accu. Depreciation - F&F 7,605.00

Depreciation Exp. - Equip. 12,250.00

Accu. Depreciation - Equip. 12,250.00

Depreciation Exp. - Service Vehicle 5,500.00

 Accu. Depreciation - Service Vehicle 5,500.00

g. Cash 22,400.00
Accounts Receivable 22,400.00

CLOSING ENTRIES:
Oct. 31 Merchandise Inventory, End 700,360.00
Sales 1,896,200.00
Purchase Returns & Allowances 10,000.00
Purchase Discounts 10,400.00
Interest Income 1,734.40
Income Summary 2,618,694.40

Oct. 31 Income Summary 1,963,931.88

Merchandise Inventory - Beginning 871,200.00
Sales Returns & Allowances 4,000.00
Sales Discounts 5,640.00
Purchases 684,400.00
Transportation In 4,000.00
Advertising Expenses 8,000.00
Supplies Expense 22,190.00
Insurance Expense 2,750.00
Rent Expense 50,000.00
Utilities Expense 22,300.00
Repairs and Maintenance Expense 7,400.00
Salaries Expense 233,000.00
SSS and EC Contribution Expense 10,563.60
Philhealth Contribution Expense 2,928.75
Pag-IBIG Contribution Expense 900.00
Uncollectible Accounts Expense 4,771.20
Depreciation Expense - Furniture 7,605.00
Depreciation Expense - Equipment 12,250.00
Depreciation Expense - Service Vehicle 5,500.00
Miscellaneous Expense 700.00
Interest Expense 3,833.33

Oct. 31 Income Summary 654,762.52

Therese Ballada, Capital 654,762.52

Oct. 31 Therese Ballada, Capital 205,000.00

Therese Ballada, Withdrawal 205,000.00
170,840.00
 GENERAL LEDGER

Account: Cash Account No.

Date Explanation PR Debit Credit
2018 Balance
Oct. Total amount of cash received 2,442,067.20
Total amount of cash paid 1,825,208.15
31 Online payment - Del Mundo 22,400.00

Account: Petty Cash Account No.

Date Explanation PR Debit Credit
2018 Balance
Oct

Account: Notes Receivable Account No.

Date Explanation PR Debit Credit
2018 Balance
Oct 19 33,600.00
24 240,000.00

Account: Interest Receivable Account No.

Date Explanation PR Debit Credit
2018 Balance
Oct. 24 2,400.00
31 134.40
 Account: Accounts Receivable Account No.
Date Explanation PR Debit Credit
2018 Balance
Total amount of goods sold 463,680.00
Total amount of receivables collected 544,320.00
Oct. 4 Returned good from Selisana 4,480.00
19 Received promissory note 33,600.00
21 Doubtful account -Tresma 6,720.00
31 Online payment - Del Mundo 22,400.00

Account: Allowance for Uncollectible Accounts Account No.

Date Explanation PR Debit Credit
2018 Balance
Oct 31 6,720.00
31 4,771.20

Account: Merchandise Inventory Account No.

Date Explanation PR Debit Credit
2018 Balance
31 700,360.00
31 871,200.00

Account: Supplies Account No.

Date Explanation PR Debit Credit
2018 Balance
15 6,000.00
23 6,340.00
 29 4,850.00
31 22,190.00

Account: Prepaid Insurance Account No.

Date Explanation PR Debit Credit
2018 Balance
31 2,750.00

Account: Prepaid Rent Account No.

Date Explanation PR Debit Credit
2018 Balance
31 50,000.00

Account: Furniture and Fixtures Account No.

Date Explanation PR Debit Credit
2018 Balance
12 36,000.00
17 10,000.00
Account: Accu. Depreciation - F&F Account No.
Date Explanation PR Debit Credit
2018 Balance
31 7,605.00

Account: Equipment Account No.

Date Explanation PR Debit Credit
2018 Balance

Account: Accu. Depreciation - Eq Account No.

Date Explanation PR Debit Credit
2018 Balance
31 12,250.00

Account: Service Vehicle Account No.

Date Explanation PR Debit Credit
2018 Balance
Account: Accu. Depreciation - SV Account No.
Date Explanation PR Debit Credit
2018 Balance
31 5,500.00

Account: Rent Deposit Account No.

Date Explanation PR Debit Credit
2018 Balance

Account: Utilities Deposit Account No.

Date Explanation PR Debit Credit
2018 Balance
Account: Notes Payable Account No.
Date Explanation PR Debit Credit
2018 Balance
23 500,000.00

Account: Interest Payable Account No.

Date Explanation PR Debit Credit
2018 Balance
23 16,166.67

Account: Accounts Payable Account No.

Date Explanation PR Debit Credit
2018
Unpaid vouchers paid 432,320.00
Unpaid vouchers (October) 482,048.00

Account: Salaries Payable Account No.

Date Explanation PR Debit Credit
2018
Account: SSS and EC Contribution Payable Account No.
Date Explanation PR Debit Credit
2018
10 15,650.00
31 15,650.00

Account: Philhealth Contributions Payable Account No.

Date Explanation PR Debit Credit
2018
11 5,857.50
31 5,857.500

Account: Pag-IBIG Contributions Payable Account No.

Date Explanation PR Debit Credit
2018
15 1,800.00
31 1,800.00
Account: Withholding Taxes Payable Account No.
Date Explanation PR Debit Credit
2018
10 14,170.98
31 14,170.98

Account: Rent Payable Account No.

Date Explanation PR Debit Credit
2018 Balance

Account: Utilities Payable Account No.

Date Explanation PR Debit Credit
2018 Balance

Account: Value-Added Taxes Payable Account No.

Date Explanation PR Debit Credit
 2018
25 63,003.00
31 136,436.40

Account: Input Tax Account No.

Date Explanation PR Debit Credit
2018
Purchases 93,598.80
Purchase returns and allowances - Blanche 1,200.00
Return of furniture - Medina 1,200.00
Purchase discounts 1,248.00

Account: Output Tax Account No.

Date Explanation PR Debit Credit
2018
Sales 49,680.00
Sales discounts 676.80
Daily sales 177,864.00
Sales returns and allowances - Selisana 480.00

Account: Vouchers Payable Account No.

Date Explanation PR Debit Credit
2018 Balance
Total vouchers payable for October 2,179,537.55
Vouchers payable paid 1,836,856.15
5 Cancellation of voucher 179,200.00
17 Cancellation of voucher 40,320.00
Account: Therese Ballada, Capital Account No.
Date Explanation PR Debit Credit
2018 Balance
31 654,762.52
31 205,000.00

Account: Therese Ballada, Withdrawals Account No.

Date Explanation PR Debit Credit
2018
29 160,000.00
31 45,000.00

Account: Income Summary Account No.

Date Explanation PR Debit Credit
2018
31 2,618,694.40
31 1,963,931.88
31 654,762.52

Account: Sales Account No.

 Date Explanation PR Debit Credit
2018
Total amount of goods sold 414,000.00
Total amount of daily sales 1,482,200.00
31 1,896,200.00

Account: Sales Discounts Account No.

Date Explanation PR Debit Credit
2018
Total amount of discounts on sales 5,640.00
31 5,640.00

Account: Sales Returns and Allowances Account No.

Date Explanation PR Debit Credit
2018
Returned goods from Selisana 4,000.00
31 4,000.00

Account: Interest Income Account No.

Date Explanation PR Debit Credit
2018
24 1,600.00
31 134.40
31 1,734.40
Account: Purchases Account No.
Date Explanation PR Debit Credit
2018
Total amount of purchases 684,400.00
31 684,400.00

Account: Purchase Discounts Account No.

Date Explanation PR Debit Credit
2018
Total amount of discounts on purchases 10,400.00
31 10,400.00

Account: Purchase Returns and Allowances Account No.

Date Explanation PR Debit Credit
2018
5 10,000.00
31 10,000.00
Account: Transportation-In Account No.
Date Explanation PR Debit Credit
2018
2 1,000.00
22 3,000.00
31 4,000.00

Account: Advertising Expense Account No.

Date Explanation PR Debit Credit
2018
30 8,000.00
31 8,000.00

Account: Supplies Expense Account No.

Date Explanation PR Debit Credit
2018
31 22,190.00
31 22,190.00

Account: Insurance Expense Account No.

Date Explanation PR Debit Credit
2018 Balance
31 2,750.00
31 2,750.00
Account: Rent Expense Account No.
Date Explanation PR Debit Credit
2018 Balance
31 50,000.00
31 50,000.00

Account: Utilities Expense Account No.

Date Explanation PR Debit Credit
2018
30 15,000.00
30 7,300.00
31 22,300.00

Account: Repairs and Maintenance Expense Account No.

Date Explanation PR Debit Credit
2018
4 2,400.00
18 5,000.00
31 7,400.00
Account: Salaries Expense Account No.
Date Explanation PR Debit Credit
2018
15 116,500.00
30 116,500.00
31 233,000.00

Account: SSS and EC Contributions Expense Account No.

Date Explanation PR Debit Credit
2018
31 10,563.60
31 10,563.60

Account: Philhealth Contributions Expense Account No.

Date Explanation PR Debit Credit
2018
31 2,928.75
31 2,928.75

Account: Pag-IBIG Contributions Expense Account No.

Date Explanation PR Debit Credit
2018
31 900.00
31 900.00
Account: Uncollectible Accounts Expense Account No.
Date Explanation PR Debit Credit
2018 Balance
31 4,771.20
31 4,771.20

Account: Depreciation Expense - F&F Account No.

Date Explanation PR Debit Credit
2018 Balance
31 7,605.00
31 7,605.00

Account: Depreciation Expense - Eq Account No.

Date Explanation PR Debit Credit
2018 Balance
31 12,250.00
31 12,250.00
Account: Depreciation Expense - SV Account No.
Date Explanation PR Debit Credit
2018 Balance
31 5,500.00
31 5,500.00

Account: Miscellaneous Expense Account No.

Date Explanation PR Debit Credit
2018 Balance
29 700.00
31 700.00

Account: Interest Expense Account No.

Date Explanation PR Debit Credit
2018
23 3,833.33
31 3,833.33
 100.00
Balance
271,571.20
2,713,638.40
888,430.25
910,830.25

101.00
Balance
16,000.00

110.00
Balance
240,000.00
273,600.00
33,600.00

111.00
Balance
2,400.00
-
134.40
 112.00
Balance
313,600.00
777,280.00
232,960.00
228,480.00
194,880.00
188,160.00
165,760.00

113.00
Balance
9,408.00
2,688.00
7,459.20

120.00
Balance
871,200.00
1,571,560.00
700,360.00

130.00
Balance
14,500.00
20,500.00
26,840.00
 31,690.00
9,500.00

140.00
Balance
12,750.00
10,000.00

141.00
Balance
150,000.00
100,000.00

150.00
Balance
650,000.00
686,000.00
676,000.00
 151.00
Balance
74,250.00
81,855.00

152.00
Balance
735,000.00

153.00
Balance
134,500.00
146,750.00

154.00
Balance
410,000.00
 155.00
Balance
33,000.00
38,500.00

160.00
Balance
150,000.00

161.00
Balance
18,500.00
 200.00
Balance
500,000.00
-

201.00
Balance
16,166.67
-

202.00
Balance
432,320.00
-
482,048.00

210.00
Balance
 211.00
Balance
15,650.00
-
15,650.00

212.00
Balance
5,857.50
-
5,857.50

213.00
Balance
1,800.00
-
1,800.00
 214.00
Balance
14,170.98
-
14,170.98

220.00
Balance

221.00
Balance

230.00
Balance
 63,003.00
-
136,436.40

230-1
Balance

93,598.80
92,398.80
91,198.80
89,950.80

230-2
Balance

49,680.00
49,003.20
226,867.20
226,387.20

240.00
Balance
532,801.48
2,712,339.03
875,482.88
696,282.88
655,962.88
 300.00
Balance
2,555,395.05
3,210,157.57
3,005,157.57

301.00
Balance

160,000.00
205,000.00

302.00
Balance

2,618,694.40
654,762.52
-

400.00
Balance

414,000.00
1,896,200.00
-

401.00
Balance

5,640.00
-

402.00
Balance

4,000.00
-

410.00
Balance

1,600.00
1,734.40
-
 500.00
Balance

684,400.00
-

502.00
Balance

10,400.00
-

503.00
Balance

10,000.00
- 0.00
 501.00
Balance

1,000.00
4,000.00
-

600.00
Balance

8,000.00
-

601.00
Balance

22,190.00
-

602.00
Balance

2,750.00
-
 603.00
Balance

50,000.00
-

604.00
Balance

15,000.00
22,300.00
-

605.00
Balance

2,400.00
7,400.00
-
 610.00
Balance

116,500.00
233,000.00
-

611.00
Balance

10,563.60
-

612.00
Balance

2,928.75
-

613.00
Balance

900.00
-
 620.00
Balance

4,771.20
-

630.00
Balance

7,605.00
-

631.00
Balance

12,250.00
-
 632.00
Balance

5,500.00
-

640.00
Balance

700.00
-

650.00
Balance

3,833.33
-
 Customer No.
Client: Cardenas Marketing
Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
1 56,000.00
19 17,920.00
30 56,000.00

Client: Tresma Mata Store Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
31 6,720.00

Client: Del Mundo Shirts Station Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
1 89,600.00
4 22,400.00
31 22,400.00

Client: Marasigan Enterprises Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
12 78,400.00
19 64,960.00
31 64,960.00
Client: Modesto Bargain House Customer No.
Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
8 26,880.00
12 53,760.00
22 53,760.00
29 89,600.00

Client: Selisana Garments Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
4 4,480.00
5 44,800.00
16 100,800.00
26 100,800.00

Client: Calamba Commercial Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
8 11,200.00
19 33,600.00

Client: Feliciano Outfitters Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 31 76,160.00
001

Balance
17,920.00
73,920.00
56,000.00
-

002

Balance
6,720.00
-

003

Balance
89,600.00
-
22,400.00
-

004

Balance
78,400.00
-
64,960.00
-
005

Balance
26,880.00
-
53,760.00
-
89,600.00

006

Balance
49,280.00
44,800.00
-
100,800.00
-

007

Balance
44,800.00
33,600.00
-

008

Balance
76,160.00
Modesto Bargain 89,600.00
Feliciano Outfitters 76,160.00

Total 165,760.00
 Trial Balance Adjustments and Rec
No. Account Titles Debit Credit Debit
100 Cash 888,430.25 g.
101 Petty Cash 16,000.00
110 Notes Receivable 33,600.00
111 Interest Receivable - a.
112 Accounts Receivable
113 Allowance for Uncollectible Accounts 2,688.00
120 Merchandise Inventory 871,200.00
130 Supplies 31,690.00
140 Prepaid Insurance 12,750.00
141 Prepaid Rent 150,000.00
150 Furniture and Fixtures 676,000.00
151 Accu. Depreciation - F&F 74,250.00
152 Equipment 735,000.00
153 Accu. Depreciation - Eq. 134,500.00
154 Service Vehicle 410,000.00
155 Accu. Depreciation - SV 33,000.00
160 Rent Deposit 150,000.00
161 Utilities Deposit 18,500.00
200 Notes Payable
201 Interest Payable
202 Accounts Payable
210 Salaries Payable
211 SSS and EC Contributions Payable
212 Philhealth Contribtions Payable
213 Pag-IBIG Contributions Payable
214 Withholding Taxes Payable
220 Rent Payable
221 Utilities Payable
230 Value-Added Tax Payable
240 Vouchers Payable 655,962.88 h.
300 Therese Ballada, Capital 2,555,395.05
301 Theres Ballada, Withdrawal 205,000.00
400 Sales 1,896,200.00
401 Sales Discounts 5,640.00
402 Sales Returns and Allowances 4,000.00
410 Interest Income 1,600.00
500 Purchases 684,400.00
501 Transportation-In 4,000.00
502 Purchase Discounts 10,400.00
503 Purchase Returns and Allowances 10,000.00
600 Advertising Expense 8,000.00
601 Supplies Expense c.
602 Insurance Expense d.

4,904,210.25 5,373,995.93
603 Rent Expense e.
604 Utilities Expense 22,300.00
605 Repairs and Maintenance Expense 7,400.00
610 Salaries Expense 233,000.00
611 SSS and EC Contributions Expense 10,563.60
612 Philhealth Contributions Expense 2,928.75
613 Pag-IBIG Contributions Expense 900.00
620 Uncollectible Accounts Expense b.
630 Depreciation Expense - F&F f.
631 Depreciation Expense - Eq f.
632 Depreciation Expense - SV f.
640 Miscellaneous Expense 700.00
650 Interest Expense 3,833.33

5,185,835.93 5,373,995.93
Adjustments and Reclassifications Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit
22,400.00 910,830.25
16,000.00
33,600.00
134.40 134.40
g. 22,400.00 #VALUE!
b 4,771.20 7,459.20
871,200.00 871,200.00
c. 22,190.00 9,500.00
d. 2,750.00 10,000.00
e. 50,000.00 100,000.00
676,000.00
g 7,605.00 81,855.00
735,000.00
g. 12,250.00 146,750.00
410,000.00
g. 5,500.00 38,500.00
150,000.00
18,500.00

h. 482,048.00 482,048.00

h. 15,650.00 15,650.00
h. 5,857.50 5,857.50
h. 1,800.00 1,800.00
h. 14,170.98 14,170.98

h. 136,436.40 136,436.40
655,962.88 -
2,555,395.05
205,000.00
1,896,200.00
5,640.00 5,640.00
4,000.00 4,000.00
a. 134.40 1,734.40
684,400.00 684,400.00
4000 4,000.00
 10,400.00
10000
8,000.00 8,000.00
22,190.00 22,190.00 22,190.00
2,750.00 2750 2,750.00

703,437.28 783,563.48 #VALUE! 5,404,256.53 1,602,180.00

50,000.00 50,000.00 50,000.00
22,300.00 22,300.00
7400 7,400.00
233000 233,000.00
10563.6 10,563.60
2928.75 2,928.75
900 900.00
4,771.20 4,771.20 4,771.20
7,605.00 7605 7,605.00
12,250.00 12250 12,250.00
5,500.00 5500 5,500.00
700.00 700.00
3833.33 3,833.33

783,563.48 783,563.48 #VALUE! 5,404,256.53 1,963,931.88

654,762.52
2,618,694.40
Income Statement Balance Sheet
Credit Debit Credit
910,830.25
16,000.00
33,600.00
134.40
#VALUE!
7,459.20
700,360.00 700,360.00
9,500.00
10,000.00
100,000.00
676,000.00
81,855.00
735,000.00
146,750.00
410,000.00
38,500.00
150,000.00
18,500.00

482,048.00

15,650.00
5,857.50
1,800.00
14,170.98

136,436.40
-
2,555,395.05
205,000.00
1,896,200.00

1,734.40
 10,400.00
10,000.00

2,618,694.40 #VALUE! 3,485,922.13

2,618,694.40 #VALUE! 3,485,922.13

#VALUE!
#VALUE!
Net Sales
Sales 1,896,200.00
Sales Discounts - 5,640.00
Sales Returns & Allowances - 4,000.00 #NAME?
Net Sales
Cost of Sales
Purchases 684,400.00
Purchase Discounts - 10,400.00
Purchase Returns & Allowances - 10,000.00 #NAME?
Net Purchases #NAME?
Transportation-In 4,000.00
Net Cost of Purchases #NAME?
Merchandise Inventory - Beginning 871,200.00
Cost of Goods Available #NAME?
Merchandise Inventory - Ending - 700,360.00
Cost of Sales
Gross Profit
Operating Expenses
Selling Expenses
Advertising Expenses 8,000.00
Total Selling Expenses
Administrative Expenses
Supplies Expense 22,190.00
Insurance Expense 2,750.00
Rent Expense 50,000.00
Utilities Expense 22,300.00
Repairs and Maintenance Expense 7,400.00
Salaries Expense 233,000.00
SSS and EC Contribution Expense 10,563.60
Philhealth Contribution Expense 2,928.75
Pag-IBIG Contribution Expense 900.00
Uncollectible Accounts Expense 4,771.20
Depreciation Expense - Furniture 7,605.00
Depreciation Expense - Equipment 12,250.00
Depreciation Expense - Service Vehicle 5,500.00
Miscellaneous Expense 700.00
Total Administrative Expense

Total Operating Expense

Operating Profit
Finance Cost
Finance Income

Net Profit
 #NAME?

#NAME?
#NAME?

8,000.00

382,858.55

- 390,858.55
#NAME?
- 3,833.33
#NAME?
1,734.40

#NAME?
Ballada, Owner's Equity (Oct. 1, 2018) 2,555,395.05
Add: Additional Investment -
Profit #NAME?
Total #NAME?
Less: Withdrawals 205,000.00
Ballada, Owner's Equity (Oct. 31, 2018) #NAME?
ASSETS
Current Assets
Cash 910,830.25
Petty Cash 16,000.00
Notes Receivable 33,600.00
Interest Receivable 134.40
Accounts Receivable #VALUE!
Allowance for Uncollectible Accounts - 7,459.20
Merchandise Inventory 700,360.00
Supplies 9,500.00
Prepaid Insurance 10,000.00
Prepaid Rent 100,000.00
Total Current Assets #VALUE!
Non-current Assets
Furniture and Fixtures 676,000.00
Equipment 735,000.00
Service Vehicle 410,000.00
Accu. Depreciation - F&F - 81,855.00
Accu. Depreciation - Equip. - 146,750.00
Accu. Depreciation - SV - 38,500.00 - 267,105.00
Rent Deposit 150,000.00
Utilities Deposit 18,500.00
Total Non-current Assets 1,722,395.00
Total Assets

LIABILITIES
Current Liabilities
Notes Payable
Interest Payable
Accounts Payable 482,048.00
Salaries Payable
SSS & EC Contributions Payable 15,650.00
Philhealth Contributions Payable 5,857.50
Pagibig Contributions Payable 1,800.00
Withholding Taxes Payable 14,170.98
Rent Payable
Utilities Payable
VAT Payable 136,436.40
Total Current Liabilities 655,962.88

EQUITY
Ballada, Owner's Equity #NAME?
Total Liabilities & Equity
#VALUE!

#NAME?
Cash flows from Operating Activities
Cash received from clients 2,220,467.20
Payments to suppliers 723,072.00
Payment for transportation-in 4,480.00
repairs and maintenance 8,288.00
SSS & EC Payable 15,650.00
withholding taxes 14,170.98
Philhealth contribution 5,857.50
employees' salaries 209,913.87
supplies 13,820.80
Pag-IBIG contribution 1,800.00
utilities 24,976.00
advertising 8,960.00
petty cash 6,216.00
VAT payable (September) 63,003.00 1,100,208.15
Net cash flows from operating activities 1,120,259.05

Cash flows from Investing Activities

Collections on notes receivable 244,000.00
Net cash flows from imvesting activities 244,000.00

Cash flows from Financing Activities

Payments to settle notes payable 520,000.00 1,825,208.15
payments to owner for withdrawals 205,000.00
- 725,000.00 2,464,467.20

Cash balance - beginning 271,571.20

Cash balance - ending 910,830.25
Post-Closing Trial Balance
31-Oct-18

Cash 910,830.25
Petty Cash 16,000.00
Notes Receivable 33,600.00
Interest Receivable 134.40
Accounts Receivable #VALUE!
Allowance for Uncollectible Accounts 7,459.20
Merchandising Inventory - Beginning 700,360.00
Supplies 9,500.00
Prepaid Insurance 10,000.00
Prepaid Rent 100,000.00
Furniture and Fixtures 676,000.00
Accu. Depreciation - F&F 81,855.00
Equipments 735,000.00
Accu. Depreciation - Equipment 146,750.00
Service Vehicle 410,000.00
Accu. Depreciation - SV 38,500.00
Rent Deposit 150,000.00
Utilities Deposit 18,500.00
Vouchers Payable 655,962.88
Therese Ballada, Capital #NAME?

#VALUE! #NAME?
Unpaid Vouchers By Due Date
Balances as at October 31, 2018

Due Date Voucher No. Payee Amount

11/17/18 208 Manalo Shirt Factory 22,848.00
11/11/2018 214 Medina Office Systems 29,120.00
11/19/18 216 Camiseria Palaganas 112,000.00
8/11/2018 220 Burgos Shirts 112,000.00
10/11/2018 221 Blanche Manufacturing 206,080.00
228 Social Security System 15,650.00
229 PhilHealth 5,857.50
230 Pag-IBIG Fund 1,800.00
231 BIR-Withholding 14,170.98
232 BIR-VAT 136,436.40

655,962.88

Unpaid Vouchers By Account Classification

Balances as at October 31, 2018

Accounts Payable 482,048.00

SSS and EC Contributions Payable 15,650.00
Philhealth Contributions Payable 5,857.50
Pag-IBIG Contributions Payable 1,800.00
Withholding Taxes Payable 14,170.98
Value-Addes Tax Payable 136,436.40

655,962.88
 Account Classification
Accounts Payable
Accounts Payable
Accounts Payable
Accounts Payable
Accounts Payable
SSS and EC Contributions Payable
Philhealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
VAT Payable
Balance per book 888,430.25
Add: Note collected by the bank 22,400.00
Adjusted book balance 910,830.25

Balance per bank 899,766.25

Add: Deposit in transit 45,000.00
Total
Less: Outstanding Checks
Check No. 81213 - 16,800.00
Check No. 81214 - 8,176.00
Check No. 81215 - 8,960.00
Adjusted bank balance 910,830.25