ACCOUNT TITLE: CASH ACCOUNT NUMBER: 1000

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE

July 1 1 The owner invested on her business 200,000 200,000
July 1 2 Purchased office equipment, cash basis 45,000 155,000
July 2 3 Paid advance rental 30,000 125,000
July 8 4 Paid Benigno Corp. for July 4 transaction 24,500 100,500
July 15 5 Paid salary of employees 7,000 93,500
July 16 6 Received payment from Lacdang Company 40,425 133,925
July 19 7 Received inventory from Salinas Inc. 25,000 108,925
July 22 8 Sold Merchandise, cash basis 22,000 130,925
July 25 9 Paid electricity bill 7,400 123,525
July 31 10 Cash withdrawal of owner for personal use 10,000 113,525

ACCOUNT TITLE: ACCOUNTS RECEIVABLES ACCOUNT NUMBER: 1200

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 7 1 Sold Merchandise on credit 41,250 41,250
July 16 2 Received payment from Lacdang Company 41,250 0
July 18 3 Sold Merchandise on credit 5,500 5,500
July 24 4 Sold Merchandise on credit 3,960 9,460
July 26 5 Return of 2 defective calculators from 1,320 8,140
Emmanuel Company.

ACCOUNT TITLE: MERCHANDISE INVENTORY ACCOUNT NUMBER: 1300

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 4 1 Received inventory from Benigno Corp. 25,000 25,000
July 7 2 Cost of item/s sold P 18,750 18,750 6,250
July 8 3 Purchase Discount for July 4 transaction 500 5,750
July 18 4 Cost of item/s sold P 2,500 2,500 3,250
July 19 5 Received inventory from Salinas Inc. 25,000 28,250
July 22 6 Cost of item/s sold P 10,000 10,000 18,250
July 23 7 Received inventory from Francia Corp. 3,000 21,250
July 24 8 Cost of item/s sold P 1,800 1,800 19,450
July 26 9 Cost of item/s returned P 600 600 20,050

ACCOUNT TITLE: PREPAID RENT ACCOUNT NUMBER: 1400

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 2 1 Paid advance rental 30,000 30,000
ACCOUNT TITLE: OFFICE EQUIPMENT ACCOUNT NUMBER: 1600
DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 1 1 Purchased office equipment, cash basis 45,000 45,000

ACCOUNT TITLE: ACCOUNTS PAYABLE ACCOUNT NUMBER: 2000

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 4 1 Received inventory, on account basis 25,000 25,000
July 8 2 Paid Benigno Corp. for July 4 transaction 25,000 0
July 23 3 Received inventory on account 3,000 3,000

ACCOUNT TITLE: DE GUZMAN, CAPITAL ACCOUNT NUMBER: 3000

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 1 1 The owner invested on her business 200,000 200,000

ACCOUNT TITLE: DE GUZMAN, DRAWINGS ACCOUNT NUMBER: 3001

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 31 1 Cash withdrawal of owner for personal use 10,000 10,000

ACCOUNT TITLE: SALES ACCOUNT NUMBER: 4100

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 7 1 Sold Merchandise on credit 41,250 41,250
July 18 2 Sold Merchandise on credit 5,500 46,750
July 22 3 Sold Merchandise, cash basis 22,000 68,750
July 24 4 Sold Merchandise on credit 3,960 72,710

ACCOUNT TITLE: SALES RETURN & ACCOUNT NUMBER: 4101

ALLOWANCES
DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 26 1 Return of 2 defective calculators 1,320 1,320

ACCOUNT TITLE: SALES DISCOUNT ACCOUNT NUMBER: 4102

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 16 1 Received payment from Lacdang Company 825 825
ACCOUNT TITLE: COST OF SALES ACCOUNT NUMBER: 5100
DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 7 1 Cost of item/s sold P 18,750 18,750
July 18 2 Cost of item/s sold P 2,500 2,500 21,250
July 22 3 Cost of item/s sold P 10,000 10,000 31,250
July 24 4 Cost of item/s sold P 1,800 1,800 33,050
July 26 5 Cost of item/s returned P 600 600 32,450

ACCOUNT TITLE: SALARIES EXPENSE ACCOUNT NUMBER: 5150

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 15 1 Paid salary of employees 7,000 7,000

ACCOUNT TITLE: UTILITIES EXPENSE ACCOUNT NUMBER: 5200

DATE ITEM NO. EXPLANATION DEBIT CREDIT BALANCE
July 25 1 Paid electricity bill 7,400 7,400

Tin-tin Tindahan Co.

Unadjusted Trial Balance
For the Month Ended July, 2021.
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
1000 Cash 113,525
1200 Accounts Receivables 8,140
1300 Merchandise Inventory 20,050
1400 Prepaid Rent 30,000
1600 Office Equipment 45,000
2000 Accounts Payable 3,000
3000 De Guzman, Capital 200,000
3001 De Guzman, Drawings 10,000
4100 Sales 72,710
4101 Sales Return and Allowances 1,320
4102 Sales Discount 825
5100 Cost of Sales 32,450
5150 Salaries Expense 7,000
5200 Utilities Expense 7,400

275,710 275,710