BOOKKEEPING NCIII

BRIGADA DISTRIBUTORS
September 1 The business, BRIGADA DISTRIBUTORS, MR JEDHA CRUZ initial investment Php39,000

2 Bought computer equipment for Php10,000 cash

2 Bought merchandise on account from RDP Supply CO. Php15,900 terms 2/10 n/30.

3 Bought office supplies on cash basis for Php700.

4 Sold merchandise on account Php15,200.FOB Destination, terms 2/10 n/30. The cost of merchandise
sold was Php12,200
5 Paid Php200 freight on September 4 sale
6 Received credit from RDP Co for merchandise returned Php300
11 Paid RDP
13 Collected from September 4 customers.
14 Bought merchandise on cash basis for Php14,400.
15 Salaries paid Php1,500
16 Borrowed money from BPI Bank, signed a promisorry note for Php12,000.
17 Received refund from a supplier cash purchase of September 14,Php 500
18 Bought merchandise from AVIDA,Php14,200, FOB Shipping point terms,2/10,n/30

20 Paid freight on September 18 purchase,Php700

23 Sold merchandise for Php16,400. The merchandise sold has a cost of Php10,500.

26 Bought merchandise for cash,Php12,300.

27 PAID AVIDA on the September 18 purchase,Php9,000. No discount allowed on partial Payment.

28 J.Cruz got cash from the business,Php2,008

29 Made refund to cash customers for defective merchandise,Php900
30 Sold merchandise on account,Php13,700,n/30. Cost of the merchandise sold is Php11,00

30 Paid the following advertising,Php1000;Utilities ,Php400,Rent Php3,500;Salaries Php1,500.

Required Tasks
1. Prepare the general journal entries for the above transactions
2. Post the above transactions to the general ledger
3. Prepare the pre-trial balance as of September 30, 2019
4. Prepare financial reports/statements
5. Prepare closing entries
6. Prepare the post-closing trial balance
 CHARTS OF ACOOUNT
ACCOUNT CODE ACCOUNT TITLE
1000 CASH
1001 ACCOUNT RECEIVABLES
1002 MERCHANDISE INVENTORIES
1003 OFFICE SUPPLY
1004 PREPAID INSURANCE
1010 EQUIPMENT
1011 ACCUMULATED DEPRECIATION EQUIPMENT
1012 MACHINERIES
1013 ACCUMULATED DEPRECIATION MACHINERIES
2000 ACCOUNT PAYABLE
2001 ACCRUED INTEREST
2002 LOANS PAYABLE
3000 J CRUZ CAPITAL
3001 J CRUZ DRAWING
4000 SALES REVENUE
4001 SALES RETURN & ALLOWANCES
4002 SALES DISCOUNT
5005 COST OF SALES
6001 FREIGHT OUT
6002 SALARIES EXPENSE
6003 UTILITIES
6004 OFFICE SUPPLIES EXPENSE
6005 INSURANCE EXPENSE
6006 RENT EXPENSE
6007 ADVERTISING EXPENSE
6007 DEPRECIATION EXPENSE
6008 TAX AND LICENSE EXPENSE
7000 INTEREST EXPENSE
8000 INCOME &EXPENSE SUMMARY
9000 PURCHASED
9001 PURCHASED RETURN &ALLOWANCES
9002 PURCHASED DISCOUNT
9003 FRIEGHT -IN
 BOOKKEEPING NCIII

BRIGADA ESKWELA DISTRIBUTOR

1 The Business, ESKWELA DISTRIBUTOR, was registered as
2 Bought computer equipment for Php10,000 cash
2 Bought merchandise on account from RDP Supply Co, Php15,900. 2/10,n/30

3 Bought office supplies on cash basis for Php10,000 cash

4 Solid merchandise on account php15,200, FOB Destination terms 2/10,n/30.

5 Paid 200 freight on September 4 sale

6 Received credit from RDP Supply Co merchandise returned Php300
11 Paid RDP
13 Collected from September 4 customer
14 Bought merchandise on cash basis for Php14,400
15 Salaries paid Php1,500
16 Borrowed money from BIP Bank, signed a promissory note for Php12,000
17 Received refund from s supplier on cash purchase of September 14 Php 500

18 Bought merchandise from AVIDA, Php14,200, FOB Shipping point. Terms,2/10,n/30

20 Paid freight on September 18 purchase ,Php700

21 Sold merchandise for Php16,400
26 Bought merchandise for cash Php12,300
27 Paid AVIDA on the Sept. 18 purchase Php9,000. No discount allowed on partial payment

28 JEDHA CRUZ got cash from the business,Php2,008.

29 Made refund to cash customers for defective merchandise, Php900
30 Sold merchandise on account ,Php13,700,n/30.
30 Paid the following: Advertising,Php1,000;Utilities,Php400;Rent Php3500; Salaries Php1,500

30 Inventory September 30 P25,000.

Required Tasks
1. Prepare the general journal entries for the above transactions
2. Post the above transactions to the ledger
3. Prepare the pre-trial balance as of the general ledger
4. Prepare financial reports/statements
5. Prepare closing entries
6. Prepare the post, closing trial balance
 CHARTS OF ACOOUNT
ACCOUNT CODE ACCOUNT TITLE
1000 CASH
1001 ACCOUNT RECEIVABLES
1002 MERCHANDISE INVENTORIES
1003 OFFICE SUPPLY
1004 PREPAID INSURANCE
1010 EQUIPMENT
1011 ACCUMULATED DEPRECIATION EQUIPMENT
1012 MACHINERIES
1013 ACCUMULATED DEPRECIATION MACHINERIES
2000 ACCOUNT PAYABLE
2001 ACCRUED INTEREST
2002 LOANS PAYABLE
3000 J CRUZ CAPITAL
3001 J CRUZ DRAWING
4000 SALES REVENUE
4001 SALES RETURN & ALLOWANCES
4002 SALES DISCOUNT
5005 COST OF SALES
6001 FREIGHT OUT
6002 SALARIES EXPENSE
6003 UTILITIES
6004 OFFICE SUPPLIES EXPENSE
6005 INSURANCE EXPENSE
6006 RENT EXPENSE
6007 DEPRECIATION EXPENSE
6008 TAX AND LICENSE EXPENSE
7000 INTEREST EXPENSE
8000 INCOME &EXPENSE SUMMARY
9000 PURCHASED
9001 PURCHASED RETURN &ALLOWANCES
9002 PURCHASED DISCOUNT
9003 FRIEGHT -IN