BOTIKA ROYAL

GENERAL LEDGER

Account: Cash
Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Total balance

Account: Accounts Receivable

Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Total balance

Account: Allowance for doubtful accounts

Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Total balance
31 Adjustments
Account: MDSE Inventory Beg.
Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Ending balance

Account: Prepaid Advertising

Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Adjustments

Account: Supplies
Date Explanation J.R
Nov 30 Beginnig balance
Dec 31 Total balance
31 Adjustments

Account: Office Equipment

Date Explanation J.R
Nov 30 Beginning Balance

Account: Accumulated Depreciation - Office Equipment

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Adjustments
Account: Furniture and Fixtures
Date Explanation J.R
Nov 30 Beginning Balance

Account: Accumulated Depreciation - Furniture and Fixtures

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Adjustments

Account: Rent Deposit

Date Explanation J.R
Nov 30 Beginning Balance

Account: Notes Payable

Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Total balance
Account: Accounts Payable
Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance

Account: Withholding tax payable

Date Explanation J.R
Nov 30 Beginning Balance
Dec 31 Total balance

Account: sss/phic/hdmf payable

Date Explanation J.R
Dec 31 Total balance
31 Adjustments

Account: Rent Payable

Date Explanation J.R
Dec 31 Adjustments

Account: Roy Capital

Date Explanation J.R
 Nov 30 Beginning balance

Account: Roy Drawing

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Income Summary

Date Explanation J.R
Dec 31 close credit balances
31 close debit balances
31 Close

Account: Sales
Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Sales Discount

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Sales Returns and Allowances

Date Explanation J.R
 Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Vat Output

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance

Account: Vat Input

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance

Account: Purchases
Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Purchase Discount

Date Explanation J.R
Nov 30 Beginning balance
 Dec 31 Total balance
31 Close

Account: Purchase Returns and Allowances

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Freight In
Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close

Account: Freight out

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Close

Account: Salaries Expense

Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Total balance
31 Close
Account: Rent Expense
Date Explanation J.R
Nov 30 Beginning balance
Dec 31 Adjustments
31 Close

Account: Supplies Expense

Date Explanation J.R
Dec 31 Adjustments
31 Close

Account: Advertising Expense

Date Explanation J.R
Dec 31 Adjustments
31 Close

Account: Depreciation Expense

Date Explanation J.R
Dec 31 Adjustments
31 Adjustments
31 Close
Account: Doubtful Accts Expense
Date Explanation J.R
Dec 31 Adjustments
31 Close

Account: SSS/PHIC/HDMF contribution

Date Explanation J.R
Dec 31 Adjustments
31 Close

Account: Interest Expense

Date Explanation J.R
Dec 31 Total balance
31 Close
R

Account No. 110

Debit Credit Balance
1,258,200 1,258,200
338,100 1,596,300

Account No. 120

Debit Credit Balance
330,000 330,000
52,230 277,770

Account No. 130

Debit Credit Balance
24,200 24,200
10,000 14,200
19,444 33,644
 Account No. 140
Debit Credit Balance
230,000 230,000
160000 160,000

Account No. 150

Debit Credit Balance
90,000 90,000
45,000 45,000

Account No. 160

Debit Credit Balance
₱ 165,000 ₱ 165,000
₱ 7,143 ₱ 172,143
₱ 35,000 ₱ 137,143

Account No. 170

Debit Credit Balance
370,000 370,000

Account No. 175

Debit Credit Balance
74,000 74,000
29,600 103,600
 Account No. 180
Debit Credit Balance
50,000 50,000

Account No.
Debit Credit Balance
20,000 20,000
6,000 26,000

Account No.
Debit Credit Balance
20000 20,000

Account No.
Debit Credit Balance
500,000 500,000
170,000 670,000
 Account No.
Debit Credit Balance
120,000 120,000
54,500 174,500

Account No.
Debit Credit Balance
500 500
500 -

Account No.
Debit Credit Balance
600 600
820 1,420

Account No. 330

Debit Credit Balance
10,000 10,000

Account No. 340

Debit Credit Balance
 1,202,000 1,202,000

Account No. 350

Debit Credit Balance
200,000 200,000
100,000 300,000
300,000 -

Account No. 350

Debit Credit Balance
3,915,707 3,915,707
3,235,887 679,820
679,820 -

Account No. 360

Debit Credit Balance
3,355,100 3,355,100
362,518 3,717,618
3,717,618 -

Account No. 410

Debit Credit Balance
22000 22,000
3482 25,482
25,482 -

Account No. 420

Debit Credit Balance
 20,000 20,000
₱ 4,241 24,241
24,241 -

Account No. 510

Debit Credit Balance
45,000 45,000
45927 (927)

Account No. 540

Debit Credit Balance
38300 38,300
38,739 (439)

Account No. 530

Debit Credit Balance
2,297,500 2,297,500
150,000 2,447,500
2,447,500 -

Account No. 540

Debit Credit Balance
15,000 15,000
 1,875 16,875
16,875 -

Account No. 610

Debit Credit Balance
21,000 21,000
214 21,214
21,214 -

Account No. 610

Debit Credit Balance
2,300 2,300
2000 4,300
4,300 -

Account No. 630

Debit Credit Balance
₱ 3,500 3,500
3,500 -

Account No. 640

Debit Credit Balance
₱ 180,000 180,000
₱ 70,000 250,000
250,000 -
 Account No. 650
Debit Credit Balance
₱ 100,000 ₱ 100,000
10000 110,000
110,000 -

Account No. 660

Debit Credit Balance
35,000 35,000
35,000 -

Account No. 670

Debit Credit Balance
45,000 45,000
45,000 -

Account No. 670

Debit Credit Balance
6,000 6,000
29600 35,600
35,600 -
 Account No. 670
Debit Credit Balance
19,444 19,444
19,444 -

Account No. 670

Debit Credit Balance
820 820
820 -

Account No. 670

Debit Credit Balance
5,000 5,000
5,000 -
 BOTIKA ROYAL
WORKSHEET
December 31, 2020
Unadjusted Trial
Balance Adjustments
Cash 1,596,300
Accounts Receivable 277,770
Allowance for doubtful accounts 14,200 19,444
MDSE Inventory beg. 230,000
Prepaid Advertising 90,000 45,000
Supplies 172,143 35,000
Office Equipment 370,000
Accumulated Depreciation - Office Equipment 74,000 29,600
Furniture & Furnitures 50,000
Accumulated Depreciation - Furniture & Fixtures 20,000 6,000
Rent Deposit 20,000
Notes Payable 670,000
Accounts Payable 174,500
Withholding tax payable
sss/phic/hdmf payable 600 820
Rent Payable 10,000
Roy Capital 1,202,000
Roy Drawing 300,000
Sales 3,717,618
Sales Discount 25,482
Sales Returns and Allowances 24,241
Vat Output 927
Vat Input 439
Purchases 2,447,500
Purchase Discount 16,875
Purchases Returns and Allowances 21,214
Freight In 4,300
Freight Out 3,500
Salaries Expense 250,000
Rent Expense 100,000 10,000
Supplies Expense 35,000
Advertising Expense 45,000
Depreciation Expense 35600
Doubtful Accts Expense 19444
sss/phic/hdmf contribution 820
Interest Expense 5,000
Total 5,667,163 6,211,446 145,864 145,864
KA ROYAL
RKSHEET
ber 31, 2020
Statement of Financial
Adjusted Trial Balance Income Statement Position
1,596,300 1,596,300
277,770 277,770
33,644 33,644
230,000 160,000 160,000
45,000 45,000
137,143 137,143
370,000 370,000
103,600 103,600
50,000 50,000
26,000 26,000
20,000 20,000
670,000 670,000
174,500 174,500

1,420 1,420
10,000 10,000
1,202,000 1,202,000
300,000 300,000
3,717,618 3,717,618
25,482 25,482
24,241 24,241
927 927
439 439
2,447,500 2,447,500
16,875 16,875
21,214 21,214
4,300 4,300
3,500 3,500
250,000 250,000
110,000 110,000
35,000 35,000
45,000 45,000
35600 35600
19444 19444
820 820
5,000 5,000
5,733,027 6,277,310 3,006,814 3,756,146 2,656,213 2,487,520
749,332 168,693
3,756,146 3,756,146 2,656,213 2,656,213
 La Pierre, Inc.
Statement of Financial Performance
For the month ended December 31, 2020

Sales
Less: Sales Returns and Allowances
Sales Discount
Net Sales
Less: Cost of Sales
MDSE Inventory beg
Purchases 2,447,500
Less: Purchases Returns & Allowances 21,214
Purchases Discounts 16,875 38,089
Net Purchases 2,409,411
Add: Transportation in 4,300
Net Cost of Purchases
Total Goods Available for Sale
Less: MDSE Inventory end
Cost of Goods Sold
Gross Profit
Less: Operating Expenses
Administrative Expenses
Freight Out
Salaries Expense
Rent Expense
Supplies Expense
Advertising Expense
Depreciation Expense
Doubtful Accts Expense
sss/phic/hdmf contribution
Total Operating Expenses
Operating Profit
Less: Interest Expense
Net Income
0

3,717,618
25,482
24,241 49,723
3,667,895

230,000

2,413,711
2,643,711
160,000
2,483,711
1,184,184

3,500
250,000
110,000
35,000
45,000
35600
19444
820
499,364
684,820
5,000
679,820
 BOTIKA ROYAL
Statement of Owner's Equity
For the month ended December 31, 2020
Beginning Capital 1202000
Add: Profit 679820
Subtotal 1,881,820
Less: Withdrawals 300,000
Ending Capital 1,581,820
 BOTIKA ROYAL
Statement of Financial Position
As at December 31, 2020

Assets
Current Assets
Cash ₱1,596,300
Accounts Receivable 277,770
Allowance for doubtful accounts (36,644)
MDSE Inventory, 12/31/2021 160,000
Prepaid Advertising 45,000
Supplies 137,143
Total Current Assets
Non-current Assets
Office Equipment ₱370,000
Accumulated Depreciation - Office Equipment 103,600 266,400
Furniture & Fixtures 50,000
Accumulated Depreciation - Furniture & Fixtures 26,000 24,000
Rent Deposit
Total Non-Current Assets
TOTAL ASSETS

Liabilities and Shareholders' Equity

Current Liabilities
Notes Payable 670,000
Accounts Payable 174,500
Withholding tax payable
SSS/PHIC/HDMF Payable 1,420
Rent Payable 10,000
Total Liabilities

Owner's Equity
Roy Capital
Total Liabilities and Owner's Equity
₱2,179,569

290,400
₱2,469,969

855,920

1,581,820
2,437,740
 BOTIKA ROYAL
POST- CLOSING TRIAL BALANCE
December 31, 2020

Account Titles
Cash 1,596,300
Accounts Receivable 277,770
Allowance for doubtful accounts 33,644
MDSE Inventory end 160,000
Prepaid Advertising 45,000
Supplies 137,143
Office Equipment 370,000
Accumulated Depreciation - Office Equipment 103,600
Furniture & Furnitures 50,000
Accumulated Depreciation - Furniture & Fixtures 26,000
Rent Deposit 20,000
Notes Payable 670,000
Accounts Payable 174,500
Withholding tax payable
sss/phic/hdmf payable 1,420
Rent Payable 10,000
Roy Capital 1,581,820
Total 1,059,913 2,600,984
Dec 31 Doubtful Accts Expense
Allowance for doubtful accounts

31 Depreciation Expense - Furniture and Fixtures

Accumulated Depreciation - Furniture and Fixtures

31 Depreciation Expense - Office Equipment

Accumulated Depreciation - Office Equipment

31 Rent Expense
Rent Payable

31 Supplies Expense
Supplies

31 Advertising Expense
Prepaid Advertising

31 SSS/PHIC/HDMF conribution
SSS/PHIC/HDMF payable

Jan 1 Rent Payable

Rent Expense

1 SSS/PHIC/HDMF payable
SSS/PHIC/HDMF contribution
 19,444
19,444
Adjustment for accounts receivable

6,000
6,000
Depreciated portion of furniture and fixtures

29600
29,600
Depreciated portion of office equipment

10,000
10,000
Acrrued rent

35,000
35,000
Unused supplies

45,000
45,000
Expired portion of advertising

820
820
Accrued contribution
10,000
10,000
Acrrued rent

820
 820
Accrued contribution