MARGIELENE T.

WABE MARCH 2 ,2022

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PERPETUAL METHOD
BOOKKEEPING NC III
Merchandising Concern
T. CALAGUAS
JOURNAL
DATE ACC
2014 PARTICULARS NO. DEBIT CREDIT
March 1 Cash 100 550,000.00
T. Calaguas Capital 300 550,000.00
To record initial investment.

Prepaid Rent 130 30,000.00

Cash 100 30,000.00
To record paid rental in advance

2 Supplies 140 11,700.00

Account payable-Shaw Company 200 11,700.00
To record purchased supplied on
Account-Shaw company

3 Merchandise Inventory 120 19,000.00

Account payable-CUMC 200 19,000.00
To record purchased merchandise
From CUMC

Merchandise Inventory 120 250.00

Account payable-CUMC 200 250.00
To record Ttransportation cost

4 Office Equipment 150 8,640.00

Account Payable-Regent Company 200 8,640.00
To record purchased office
Office equipment on account.

Account Receivable 110 4,000.00

Sales 400 4,000.00
To record sold merchandise on
Account.

Cost of merchandise sold 3,100.00

Merchandise Inventory 120 3,100.00
To record merchandise sold.

Delivery Expense 630 300.00

Cash 100 300.00
To record cost of delivery.

14 Account Receivable 110 25,250.00

 Sales 400 25,250.00
To record sold merchandise on
Account on Sabal Hospital.

Cost of merchandise sold 15,500.00

Merchandise Inventory 120 15,500.00
To record purchased merchandise
On account

12 Delivery Expense 630 500.00

Cash 100 500.00
To record cost of delivery.

15 Salaries Expense 600 3,500.00

Cash 100 3,500.00
To record paid Salaries.

Cash 100 230.00

Merchandise Inventory 120 230.00
To record refund for cash purchases

18 Cash 100 36,200.00

Sales 400 36,200.00
To record sold merchandise

Cost of merchandise sold 24,600.00

Merchandise Inventory 120 24,600.00
To record cost of merchandise sold.

Delivery Expense 630 150.00

Cash 100 150.00
To record cost of delivery.

22 Sales Return & Allowances 420 1,550.00

Account Receivable 110 1,550.00
To record returned merchandise.

Merchandise Inventory 120 500.00

Cost of merchandise sold 500.00
To record cost merchandise.

24 Utilities Expense 610 5,250.00

Cash 100 5,250.00
To record electric & water bill.

Insurance 620 5,450.00

Cash 100 5,450.00
To record paid insurance.
5 Account payable-Shaw Company 200 5,000.00
Cash 100 5,000.00
To record partial payment.

Account payable-CUMC 200 750.00

Merchandise Inventory 120 750.00
To record sold merchandise on
Account.

Cost of merchandise sold 1,800.00

Merchandise Inventory 120 1,800.00
To record merchandise sold.

Cash 100 3,960.00

Sales Discount 410 40
Account Receivable 110 4,000.00
To record full payment.

9 Account payable-Shaw CUMC 200 19,000.00

Cash 100 18,620.00
Merchandise Inventory 380.00

Account payable-Regent company 200 4,500.00

Cash 100 4,500.00
To record partial payment.
.
11
Merchandise Inventory 120 2,700.00
Cash 100 2,700.00
To record purchased merchandise

Sales returns & allowances 430 600.00

Account REceivable 110 600.00

Merchandise Inventory 120 250.00

Cost of Merchandise Sold 250.00
To record merchandise sold.

13 Merchandise Inventory 120 29,725.00

Cash 100 29,725.00
To record purchased merchandise

Merchandise Inventory 120 275.00

Cash 100 275.00
To record cost of delivery.

Cash 100 2,600.00

Account Receivable. 110 2,600.00
26 Cash 100 23,700.00
Account Receivable. 110 23,700.00
To record full payment of Sabal
 Hospital.

Salaries Expense 600 3,500.00

Cash 100 3,500.00
To record paid salaries.

T. Calaguas Drawing. 310 5,500.00

Cash 100 5,500.00
To record drawing.

MARGIELENE T. WABE MARCH 2 ,2022

G-2
 T. CALAGUAS
CHART OF ACCOUNT

DATE ACC
2014 ACCOUNT TITLE NO. DEBIT CREDIT
MARCH
ASSETS
Current Assets
Cash 100
Account receivable 110
Merchandise Inventory 120
Prepaid Rent 130
Supplies 140
Office Equipment 150
Liabelities
Account payable 200
Owners Equity
T. Calaguas Capital 300
T. Calaguas withdrawal 310
Revenue
Sales 400
Sales Discount 410
Sales Returns & Allowances 430
Expenses
Salaries Expense 600
UtilitiesExpense 610
Insurance expense 620
Delivery Expense 630