ABC Enterprises

▌Transaction Journal
Orig. Journal: Closing Balance Owner: DE LOS REYES, Ronafel
Currency Local Currency
VAT Number:
Date: From: 01.01.20 To: 12.31.20
Transaction: From: 331 To: 351

Currency: PHP

Date Type Trans. No. Ref. 1 G/L Account Account Name Details From Debit Credit

12.31.20 BC 331 For Closing Period 25

R100000 Sales and Service Revenue For Closing Period 25 145,000.00

C300000 Income Summary For Closing Period 25 145,000.00

12.31.20 BC 333 For Closing Period 25

O100000 Salaries & Wages For Closing Period 25 300,000.00

C300000 Income Summary For Closing Period 25 300,000.00

12.31.20 BC 335 For Closing Period 25

O200000 SSS Contribution Expense For Closing Period 25 10,000.00

C300000 Income Summary For Closing Period 25 10,000.00

12.31.20 BC 337 For Closing Period 25

O300000 Philhealth Contribution Expense For Closing Period 25 6,000.00

C300000 Income Summary For Closing Period 25 6,000.00

12.31.20 BC 339 For Closing Period 25

O400000 Rent Expense For Closing Period 25 70,000.00

C300000 Income Summary For Closing Period 25 70,000.00

12.31.20 BC 341 For Closing Period 25

O500000 Supplies Expense For Closing Period 25 15,000.00

C300000 Income Summary For Closing Period 25 15,000.00

12.31.20 BC 343 For Closing Period 25

O600000 Light Expense For Closing Period 25 13,500.00

C300000 Income Summary For Closing Period 25 13,500.00

Page: 1/ 2 Printed By: SAP Business One Printed On: 1:16AM 07.02.22
ABC Enterprises
▌Transaction Journal
Currency: PHP

Date Type Trans. No. Ref. 1 G/L Account Account Name Details From Debit Credit

12.31.20 BC 345 For Closing Period 25

O700000 Water Expense For Closing Period 25 8,800.00

C300000 Income Summary For Closing Period 25 8,800.00

12.31.20 BC 347 For Closing Period 25

0800000 Communication Expense For Closing Period 25 32,400.00

C300000 Income Summary For Closing Period 25 32,400.00

12.31.20 BC 349 For Closing Period 25

O900000 Transportation Expense For Closing Period 25 3,500.00

C300000 Income Summary For Closing Period 25 3,500.00

12.31.20 BC 351 For Closing Period 25

O1000000 Depreciation Expense – For Closing Period 25 17,500.00

Machinery
C300000 Income Summary For Closing Period 25 17,500.00

▌Total Amount: PHP 621,700.00 PHP 621,700.00

Page: 2/ 2 Printed By: SAP Business One Printed On: 1:16AM 07.02.22