The follwing are the selected sales and purchases trnasactions of Sofia Godin Commercial for the month

of Janaur

Jan, 2 Purchased merchandise on account from the following suppliers:

Suppliers Charge Sales Invoice No. Amount

M. Solis Trading 0752 30,000
G. Goyha Enterprise 0433 50000
Mary Mascarinas Trading 0358 40000

Jan. 5 Sold merchandise on account on the following customers

Customers Charge Sales Invoice No. Amount

H. Lacson Trading 0851 20,000
G. Carnalna Grocery 0852 10000
Ben Cabrera Enterprises 0853 15000

Jan. 6 Returned P4,000 costs of merchandise to M. Solis Trading for not conforming with the orders. No r
Jan. 8 Recevied P2,000 cost of merchandise returned by Ben Cabrera Commercial for bad order. No repl
Jan. 12 Paid our account with Solis Trading as per Charge Slaes invoice No. 0752. issued check no. 36578
Jan. 14 Collected in full account of H. Lacson Trading as per Charge invoice no. 851 issued Official receipt
Jan. 20 Purchased merchandise in cash from the follwing suppliers:

Suppliers Charge Sales Invoice No. Amount

R. Ibanez Co. 0468 25000
A. Yao trading 0583 30000

Jan. 26 Sold merchandise for cash to the following customers:

Customers Cash Sales Invoice No. Amount

T. ong Corporation 00531 30000
L. Cacho trading 00532 50000

Jan. 27 Collected in full the account of Ben Cabrera Commercial as per Charge Sales invoice No. 0853 an

Purchase Journal
Date Supplier Charge Sales Invoice No. Term
Jan. 2 M. Solis Trading 0752 2/10, n/30
Jan. 2 G. Goyha Enterprise 0433 15 days
Jan. 2 Mary Mascarinas Trading 0358 5 days
Total
Sales Journal
Date Customers Charge Sales Invoice No. Term
Jan. 5 H. Lacson Trading 0851 5 days
Jan. 5 G. Carnalna Grocery 0852 2/10 n/30
Jan. 5 Ben Cabrera Enterprises 0853 15 days

Cash Receipts Journal

Date Official receipt number Cash Sales Invoice Customers
Jan. 14 0057 H. Lacson Trading
Jan. 26 00531 T. ong Corporation
Jan. 26 00532 L. Cacho
Ben trading
Cabrera
Jan. 27 0058 Enterprises

Cash Disbursement Journal

Date Check Voucher Number check number Customer
Jan. 12 01 36578 M. Solis Trading
Jan. 20 02 36579 R. Ibanez Co.
Jan. 20 03 36580 A. Yao trading

General Journal
Date Particular
Returned items not Name Account Title
Jan. 6 conforming with the orders M. Solis Trading Accounts Payable
Merchandise
Received menrchandise inventory
Merchandise
Jan. 8 return for bad order. Ben Cabrera Commercial inventory
Accounts
Receivable

Subidiary ledger - Acocunts Payable

M. Solis Trading
Date Particulars DR CR
Jan. 2 Purchase journal 30,000.00
Jan. 6 General journal 4,000.00
Jan.12 Cash Disbursement journal 26,000.00

G. Goyha Enterprise
Date Particulars DR CR
Jan. 2 Purchase journal 50000
 Mary Mascarinas Trading
Date Particulars DR CR
Jan. 2 Purchase journal 40000
Commercial for the month of Janaury 2019.

Term
2/10, n/30
15 days
5 days

Term
5 days
2/10 n/30
15 days

not conforming with the orders. No replacement was made.

a Commercial for bad order. No replacement was made.
e No. 0752. issued check no. 36578 covered by Check voucher no. 01.
voice no. 851 issued Official receipt no. 0057

Check voucher
Check no. no,
36579 02
36580 03

Charge Sales invoice No. 0853 and isued Offical Recaipt No. 0058

Merchandise Accounts
Amount Inventory DR. Payable CR
30,000.00 30,000.00 30,000.00
50,000.00 50,000.00 50,000.00
40,000.00 40,000.00 40,000.00
120,000.00 120,000.00 120,000.00
 Accounts
Amount receviable DR Sales CR
20,000.00 20,000.00 20,000.00
10,000.00 10,000.00 10,000.00
15,000.00 15,000.00 15,000.00
45,000.00 45,000.00 45,000.00

Accounts
Amount Cash DR Receviable CR Sales CR
20,000.00 20,000.00 20,000.00
30,000.00 30,000.00 30,000.00
50,000.00 50,000.00 50,000.00
15,000.00 15,000.00 15,000.00
115,000.00 115,000.00 35,000.00 80,000.00

Merchandise Accounts Cost of Goods

Amount Inventory DR Payable DR sold CR Cash CR
26,000.00 26,000.00 520.00 25,480.00
25,000.00 25,000.00 25,000.00
30,000.00 30,000.00 30,000.00
55,000.00 26,000.00 520.00 80,480.00

DR CR
4,000.00
4,000.00
2,000.00
2,000.00

Accounts Payable
Date Particulars DR CR
Balance Jan. 6 General journal 4,000.00 0.00
30,000.00 Jan. 31 Purchase journal 120,000.00
26,000.00 Jan. 31 Cash Disburseme 26,000.00
0.00
Subsidiary ledger
Name Amount
Balance M. Solis Trading 0.00
50000 G. Goyha Enterp 50,000.00
Mary Mascarinas 40,000.00
 Total 90,000.00
Balance
40000
Balance
-4,000.00
116,000.00
90,000.00
Mr. Tito Montilla, a fishing magnate in Maasim, Saranggani Province has problems concerning hi receviables and p
Here are the transaction data of Feb. 20A:

Feb. 5 Fish delivery to various customers on account

Rodrigo Calunsag Fish Trading 65000
Fermin Birondo Fish Co. 42000
Dadiangas Fiish Vendor Assn 37000

Feb. 14 Various fishing supplies purchased on account from the follwing suppliers:
Matutom Fishing Supplies 96000
Dadiangas Fishing Industries 50000

Feb. 21 Partial collection from the follwing customers:

Dadiangas Fiish Vendor Assn 15000
Rodrigo Calunsag Fish Trading 35000

Feb. 27 PArtial payment of account to Matutom Fishing Supplies P45,000

Required:
1. prpeare the general ledger for AR and AP
2. Schedule of Accounts REceivable and Accounts payable
cerning hi receviables and payables