General Journal

DATE Account Titles and Explanation F Debit

202x
Dec. 1 Cash P 500,000
Purification, Capital
To record investment made by the business

2 NO ENTRY
45,000
3 Store Equipment 35,000
Store Furniture
Cash
To record purchase of equipment and furniture for Cash.
4 Cash 6,000
Accumulated Deoreciation 20,000
Store Equipment
Gain from Sale of Asset
Sold old Store Equipment

4 NO ENTRY

6 Office Supplies 10,500

Cash
To record purchase of Office Supplies for cash.

9 Accounts Payable 3,000

Purchase Return and Allowances
Returned defective goods to UVW MERCHANDISING

15 Sales Return and Allowances 2,000

Accounts Receivable
Returned defective goods from buyer

19 Notes Receivable
Accounts Receivable
Receive note from customer C

21 Office Supplies 5,000

Cash
To record purchase of additional office supplies for cash.

26 Purchases 80,000
Cash
Notes Payable
Purchase of additional goods from UVW MERCHANDISING.

30 Notes Payable 40,000

Cash
Paid the note to UVW MECHANDISING
 Page no. 1
Debit Credit

P 500,000
P 500,000

45,000
35,000
80,000

6,000
20,000
25,000
1,000

Date Account Title and Explanation

10,500 10 Freight in
10,500 Accounts Payable
Received freight bill for delivery of goods

3,000
3,000

2,000
2,000

5,000
5,000

80,000
30,000
50,000

40,000
40,000
nt Title and Explanation F Debit Credit
15,000
le 15,000
for delivery of goods
 SALES JOURNAL
Date Sold to Terms Invoice No.
XXXX
Dec. 7 Customer A, B, C 2/10, 1/20, n/30
14 Customer B, D, E 2/10, 1/20, n/30
22 Customer A, E 2/10, 1/20, n/30
S JOURNAL Page No. 1
F Account Receivable DR. Cash DR. Sales CR.

P 100,000 P 175,000 P 275,000

120,000 80,000 200,000
100,000 150,000 250,000
P 320,000 P 405,000 P 725,000
 CASH RECEIPT JOURNAL
Date Received From Explanation OR No. Cash DR.
XXXX
Dec. 11 Customer A Partial Payment P 10,000
13 Customer B Full Payment 14,700
16 Customer E Full Payment 19,600
17 Customer A and C Partial Payment 30,000
18 Customer D Partial Payment 25,000
20 Customer A Full Payment 47,000
20 Customer B Partial Payment 20,000
28 Customer B Partial Payment 20,000
29 Customer C Partial Payment 40,000
P 226,300
H RECEIPT JOURNAL Page No. 1
Cash DR. Sales Discount DR. Account Receivable CR. F Sundry Credits
Account Amount
P 10,000 P 10,000
14,700 300 15,000
19,600 400 20,000
30,000 30,000
25,000 25,000
47,000 300 5,000
20,000 20,000
20,000 20,000
40,000 Notes Receivable 40,000
P 226,300 P 1,000 P 145,000 P 40,000
 Page No. 1
y Credits
Amount

40,000
P 40,000
 Cash Payment Journal
Date Paid To Explanation Check No.
xxx
Dec. 3 SM Department Store Paid Store Equipment
12 Mabagal Forwarding Paid freight bill
23 UVW MECHANDISING Full payment to UVW MERCHANDISING
24 Paid telephone bill
27 Mabagal Forwarding Paid freight of goods
31 Paid Rent
Paid Utilities
Paid Wages of helper

18 Paid half of wages of helper

Cash Payment Journal
Check No. Cash CR. Purchase Discount CR. Accounts Payable DR. F Sundry Debit
Account
P 49,000 P 1,000 Store Equipment
15,000 P 15,000
50,000 50,000
1,500 Utilities Expense
5,000 Freight in
50,000 Rent Expense
15,000 Utilities Expense
2,500 Wages Expense
P 190,500 P 1,000 P 65,000
2,500 Wages Expense
 Page No. 1
Sundry Debit
Account Amount
Store Equipment P 50,000

Utilities Expense 1,500

Freight in 5,000
Rent Expense 50,000
Utilities Expense 15,000
Wages Expense 2,500
P 126,500
Wages Expense 2,500
 Purchases Journal
Date Bought From Terms Invoice No. F
xxxx
Dec. 2 XYZZ Trading 2/10, 1/20, n/30
8 UVW MERCHANDISING 2/10, 1/20, n/30
 Page No. 1
Purchases DR. Cash CR. Accounts Payable CR.

P 100,000 P 100,000
60,000 P 10,000 50,000
P 160,000 P 10,000 P 150,000
 GENERAL LEDGER
CASH
Date Explanation F Debit
XXXX
Dec. Cash Sales SJ-1 P 405,000
Payment of Customer CRJ-1 226,300

SALES
Date Explanation F Debit

SALES DISCOUNT
Date Explanation F Debit
XXX
Dec. 31 Discount availed by customer CRJ-1 P 1,000

NOTES RECEIVABLE
Date Explanation F Debit

PURCHASE DISCOUNT
Date Explanation F Debit
XXX
Dec Discount from seller CPJ-1 P 1,000

PURCHASES
Date Explanation F Debit
XXX
Dec Paid store equipment PJ-1 P 160,000

STORE EQUIPMENT
 Date Explanation F Debit
XXX
Dec Paid store equipment CPJ-1 P 50,000

Utilities Expense
Date Explanation F Debit
XXX
Dec Paid telephone bill CPJ-1 P 1,500
Paid utilities CPJ-1 P 15,000
P 16,500

Freight in
Date Explanation F Debit
XXX
Dec Paid delivery of goods CPJ-1 P 1,500

Rent Expense
Date Explanation F Debit
XXX
Dec Paid rent CPJ-1 P 50,000

Wages Expense
Date Explanation F Debit
XXX
Dec Paid half wages of helper CPJ-1 P 2,500
Paid half wages of helper CPJ-1 2,500
P 5,000

Wages Expense
Date Explanation F Debit
XXX
Dec Paid half wages of helper CPJ-1 P 2,500
Paid half wages of helper CPJ-1 2,500
P 5,000

Wages Expense
Date Explanation F Debit
XXX
Dec Paid half wages of helper CPJ-1 P 2,500
Paid half wages of helper CPJ-1 2,500
P 5,000
GENERAL LEDGER
Account No. 011
Date Explanation F Credit

Dec. Cash Payment CPJ-1 P 190,500

Cash Purchase PJ-1 10,000

Account No. 041

Date Explanation F Credit

Dec. 31 Sales on account SJ-1 P 725,000

T Account No. 042

Date Explanation F Credit

LE Account No.
Date Explanation F Credit

Dec Partial Payment of notes CRJ-1 P 40,000

UNT Account No.

Date Explanation F Credit

Account No.
Date Explanation F Credit

NT Account No.
 Date Explanation F Credit

e Account No.
Date Explanation F Credit

Account No.
Date Explanation F Credit

Account No.
Date Explanation F Credit

e Account No.
Date Explanation F Credit

e Account No.
Date Explanation F Credit

e Account No.
Date Explanation F Credit
 GENERAL LEDGER
CASH
Date Explanation F Debit
XXXX
Dec. 1 Investment GJ-1 P 500,000
4 Sold old store equipment GJ-1 6,000

Cash Sales SJ-1 P 405,000

Payment of Customer CRJ-1 226,300
 GENERAL LEDGER
ASH Account No. 011
Date Explanation F Credit

3 Purchase of equipment and furniture GJ-1 P 80,000

6 Purchase of Office Supplies GJ-1 10,500
21 Additional Office Supplies GJ-1 5,000
26 Additional goods GJ-1 30,000
30 Payment for note 40,000
Cash Payment CPJ-1 P 190,500
Cash Purchase PJ-1 10,000
 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Customer A
Address:
Date Particulars F Debit
XXXX
Dec 7 Sales on account SJ-1 P 30,000
11 Partial Payment CRJ-1
17 Partial Payment CRJ-1
20 Full Payment CRJ-1

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Name: Customer B
Address:
Date Particulars F Debit

Dec 7 Sales on account SJ-1 P 15,000

13 Full Payment CRJ-1

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Name: Customer C
Address:
Date Particulars F Debit

Dec 7 Sales on account SJ-1 P 55,000

17 Partial Payment CRJ-1

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Name: Customer B
Address:
Date Particulars F Debit

Dec 14 Sales on account SJ-1 P 50,000

20 Partial Payment CRJ-1
Partial Payment CRJ-1
 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Customer D
Address:
Date Particulars F Debit

Dec 14 Sales on account SJ-1 P 50,000

18 Partial Payment CRJ-1
SUBSIDIARY LEDGER
ACCOUNTS REC
Name: Customer E
Credit Balance Address:
Date Particulars

P 10,000 Dec 14 Sales on account

15,000 16 Full Payment
5,000

SUBSIDIARY LEDGER

ACCOUNTS REC
Credit Balance Name: Customer A
Address:
Date Particulars
P 15,000
Dec 22 Sales on account

SUBSIDIARY LEDGER

ACCOUNTS REC
Credit Balance Name: Customer E
Address:
Date Particulars
P 15,000
Dec 22 Sales on account

SUBSIDIARY LEDGER

Credit Balance

P 20,000
20,000
SUBSIDIARY LEDGER

Credit Balance

P 25,000
 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Particulars F Debit Credit Balance

les on account SJ-1 P 20,000

Full Payment CRJ-1 P 20,000

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Particulars F Debit Credit Balance

les on account SJ-1 P 50,000

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Particulars F Debit Credit Balance

les on account SJ-1 P 50,000

 ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Name: XYZ Trading
Address:
Date Particulars F Debit
XXXX
Dec 2 Purchase of goods PJ-1 P 100,000

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

Name: UVW MERCHANDISING
Address:
Date Particulars F Debit
XXXX
Dec 8 Purchase of goods PJ-1 P 60,000
23 Full payment CPJ-1
BSIDIARY LEDGER

Credit Balance

BSIDIARY LEDGER

Credit Balance

P 60,000