Mariano Lerin Bookstore

DATE PARTICULARS DEBIT CREDIT

March 2020
2 Purchases ₱ 74,000.00
Accounts Payable ₱ 74,000.00

3 Accounts Recievables 10,000.00

Sales 10,000.00

5 Cash 70,000.00
Sales 70,000.00

6 Purchases 42,000.00
Accounts Payable 42,000.00

7 Freight In 570.00
Accounts Payable 570.00

8 Rent Expense 7,000.00

Cash 7,000.00

9 Accounts Recievables 38,000.00

Sales 38,000.00

10 Purchases 26,000.00
Freight In 500.00
Accounts Payable 26,500.00

11 Delivery Expense 291.00

Accounts Payable 291.00

12 Accounts Payable 74,000.00

Cash 72,520.00
Purchase Discounts 1,480.00

13 Cash 9,900.00
Sales Discount 100.00
Accounts Recievables 10,000.00

14 Accounts Payable 21,000.00

Cash 20,580.00
Purchase Discount 420.00

15 Accounts Payable 3,000.00

 Purchase Returns and Allowances 3,000.00

16 Office Supplies 4,780.00

Accounts Payable 4,780.00

17 Cash 18,810.00
Sales Discount 190.00
Accounts Recievable 19,000.00

18 Accounts Payable 23,500.00

Cash 23,040.00
Purchase Discount 460.00

19 Accounts Recievable 7,800.00

Sales 7,800.00

20 Accounts Payable 1,280.00

Office supplies 1,280.00

21 Utilities Expense 4,500.00

Cash 4,500.00

22 Sales Return and Allowances 1,800.00

Accounts Recievable 1,800.00

25 Accounts Payable 3,500.00

Cash 3,500.00

26 Accounts Payable 861.00

Cash 861.00

27 Cash 5,880.00
Sales Discount 120.00
Accounts Recievable 6,000.00

28 Accounts Payable 21,000.00

Cash 21,000.00

30 Cash 65,000.00
Sales 65,000.00

31 Salaries Expense 12,000.00

Cash 12,000.00

₱ 547,382.00 ₱ 547,382.00
 Mariano Lerin Booksto
Sales Income Statement
10,000.00 3 For the period ended March
70,000.00 5
38,000.00 9 Sales
7,800.00 19 Less: Sales Discounts
65,000.00 30 Sales returns and allowances
190,800.00 Net Sales:
Less: Cost of goods sold
Sales Discount Merchandise Inventory Beginning balance
13 100.00 Add: Purchases
17 190.00 Add: Freight-in
27 120.00 Gross Purchases
410.00 Less: Purchase discounts
Purchase returs and allowances
Sales Returns and Allowances Total goods available for sale
22 1,800.00 Less: Merchandise Inventory Ending balance
Gross profit
Purchases Less: Operating Expenses
2 74,000.00 Rent Expense
6 42,000.00 Delivery Expense
10 26,000.00 Utilities Expense
142,000.00 Salaries Expense
Operating Income
Purchase Discount Net Income:
1,480.00 12
420.00 14
460.00 18
2,360.00

Purchase Returns and Allowances

3,000.00 15

Freight In
7 570.00
10 500.00
1,070.00

Rent Expense
8 7,000.00

Delivery Expense
11 291.00
 Utilities Expense
21 4,500.00

Salaries Expense
31 12,000.00
 Mariano Lerin Bookstore
Income Statement
or the period ended March 31,2020

₱ 190,800.00
₱ 410.00
1,800.00 2,210.00
188,590.00

₱ 23,000.00
₱ 142,000.00
1,070.00
143,070.00
₱ 2,360.00
3,000.00 5,360.00 137,710.00
160,710.00
28,000.00 132,710.00
55,880.00

₱ 7,000.00
291.00
4,500.00
12,000.00 23,791.00
32,089.00
₱ 32,089.00