BISI ENTREP, PARTNERSHIP

Page 1
GENERAL JOURNAL

DATE PARTICULARS PR DEBIT CREDIT

ADJUSTING ENTRIES
June 30 SSS, PhilHealth, and Pag-ibig Contributions 682 4,655.00
SSS, Philhealth and Pag-ibig Contribution Payable 285 4,655.00
To record Employer`s share on sss, philhealth, and pag ibig

30 Utilities Expense 694 665.00

Utilities payable 286 665.00
Record water consumption for november 2020

30 Utilities Expense 694 2,660.00

Utilities payable 286 2,660.00
Record electricity consumption for november 2020

30 Depreciation Expense 706 2,493.75

Accumulated depreciation -office equipment 122A 2,493.75
Record depreciation expense

30 Percentage Tax Expense 708 9,576.00

Accrued Percentage tax payable 287 9,576.00
Record percentage tax for November
 BISI ENTREP, PARTNERSHIP
Page 2
GENERAL JOURNAL

DATE PARTICULARS PR DEBIT CREDIT

CLOSING ENTRIES
June 30 Service Revenues 547 319,200.00
Salaries Expenses 681 63,840.00
SSS, PhilHealth, and Pag-ibig Contributions 682 4,655.00
Rent Expense 693 13,300.00
Utilities Expense 694 3,325.00
Supplies Expense 696 1,995.00
Depreciation Expense 706 2,493.75
Percentage Tax Expense 708 9,576.00
Income Summary 419 220,015.25
To record closing of Income and expenses account

30 Income Summary 419 220,015.25

I.A. Mangaya-ay, Capital 414 110,007.63
J.Y. Janson, Capital 415 110,007.63
To record closing/distribute net income to partner

30 I.A. Mangaya-ay, Capital 414 13,300.00

J.Y. Janson, Capital 415 13,300.00
I.A. Mangaya-ay, Drawing 416 13,300.00
J.Y. Janson, Drawing 418 13,300.00
To record closing of partners withdrawal
 BISI ENTREP, PARTNERSHIP
Page 1
REVENUE JOURNAL

SERVICE ACCOUNTS
Invoice
DATE ACCOUNT DEBITED PR REVENUE RECEIVABLE
number
CREDIT DEBIT
June 3 7981 Android mo Inc. 66,500.00 66,500.00
8 7983 Cheers to us Inc. 133,000.00 133,000.00
20 7984 Dreaming ka Inc. 93,100.00 93,100.00
-
-
-
TOTALS 292,600.00 292,600.00
(547) (150)
 BISI ENTREP, PARTNERSHIP
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CASH RECEIPTS JOURNAL

ACCOUNTS SERVICE
INVOICE CASH
DATE OR NO. ACCOUNT CREDITED PR RECEIVABLE REVENUE
NUMBER DEBIT
CREDIT CREDIT
June 4 2661 4136 Founder ka Inc. 53,200.00 53,200.00
5 2663 COD Blooming ka Inc. 26,600.00 26,600.00
10 2664 7981 Android mo Inc. 66,500.00 66,500.00
15 2665 1962 Encore ka Inc. 99,750.00 99,750.00
25 2667 7983 Cheers to us Inc. 133,000.00 133,000.00

TOTAL 352,450.00 26,600.00 379,050.00

(150) (547) (148)

 BISI ENTREP, PARTNERSHIP
Page 1
CASH DISBURSEMENTS JOURNAL

SSS, PHIC, EXPANDED

CHECK SALARIES PAGIBIG WITHHOLDIN SUPPLIES INPUT WITHHOLDING
CHECK SUNDRY CASH
DATE VOUCHER ACCOUNTS DEBITED PR EXPENSE PAYABLE G TAX EXPENSE VAT TAX
NUMBER DEBIT CREDIT
NUMBER DEBIT DEBIT PAYABLE DEBIT DEBIT DEBIT
(CREDIT) DEBIT (CREDIT)
June 3 121031 559931 NBA Bookstore 1,995.00 239.40 2,234.40
5 121032 559932 B and J Computers Republic center 122 19,950.00 2,394.00 22,344.00
5 121033 559933 JC Royal Realty Corp 693 13,300.00 (665.00) 12,635.00
10 121034 559934 Bureau of Internal Revenue 1,064.00 665.00 1,729.00
10 121035 559935 SSS, Philhealth, Pagibig 7,381.50 7,381.50
10 121036 559936 Tubig Nihit Cooperative 286 1,064.00 1,064.00
10 121037 559937 Kuryente Nihit Cooperative 286 3,990.00 3,990.00
15 121038 559938 Cash 31,920.00 (1,263.50) 30,656.50
30 121039 559939 Cash 31,920.00 (1,463.00) (1,064.00) 29,393.00
30 121040 559940 Janette Y. Janson 416 13,300.00 13,300.00
30 121041 559941 Ivy Corazon A. Mangaya-ay 418 13,300.00 13,300.00
-
TOTAL 64,904.00 63,840.00 4,655.00 0 1,995.00 2,633.40 0 138,027.40
(681) (285) (282) (696) (157) (283) (148)
 BISI ENTREP, PARTNERSHIP
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

ACCOUNT ACCOUNT
Android mo Inc. Blooming ka Inc.
NAME: NAME:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
Jun. 3 RJ-1 66,500.00 66,500.00 -
10 CRJ-1 66,500.00 0 -
-

ACCOUNT ACCOUNT
Cheers to us Inc. Dreaming ka Inc.
NAME: NAME:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
Jun. 8 RJ-1 133,000.00 133,000.00 Jun. 20 RJ-1 93,100.00 93,100.00
25 CRJ-1 133,000.00 0 -
-

ACCOUNT ACCOUNT
Encore ka Inc. Founder ka Inc.
NAME: NAME:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning balance 99,750.00 `June. 1 Beginning balance 53,200.00
15 CRJ-1 99,750.00 0 4 CRJ-1 53,200.00 0
 BISI ENTREP, PARTNERSHIP
GENERAL LEDGER
ACCOUNT ACCOUNT ACCOUNT Accounts ACCOUNT
Cash 148 150
NAME: NUMBER: NAME: Receivable NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 339,150.00 `June. 1 Beginning Balance 152,950.00
30 CRJ-1 379,050.00 718,200.00 June. 30 RJ-1 292,600.00 445,550.00
30 CDJ-1 138,027.40 580,172.60 30 CRJ-1 352,450.00 93,100.00

ACCOUNT ACCOUNT ACCOUNT ACCOUNT

Input tax 157 Office Equipment 122
NAME: NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 CDJ-1 2,633.40 2,633.40 `June. 1 Beginning Balance 279,300.00
5 CDJ 19,950.00 299,250.00

ACCOUNT Accumulated depreciation -office ACCOUNT ACCOUNT ACCOUNT

122A Accounts Payable 281
NAME: equipment NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 23,275.00
30 GJ-1 2,493.75 25,768.75

Expanded
ACCOUNT Withholding Taxes ACCOUNT ACCOUNT ACCOUNT
282 withholding taxes 283
NAME: payable NUMBER: NAME: NUMBER:
payable
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 1,064.00 `June. 1 Beginning Balance 665.00
 SSS, Philhealth and
ACCOUNT ACCOUNT ACCOUNT ACCOUNT
Pag-ibig Contribution 285 Utilities payable 286
NAME: NUMBER: NAME: NUMBER:
Payable
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 7,381.50 `June. 1 Beginning Balance 5,054.00
30 CDJ-1 4,655.00 2,726.50 10 CDJ-1 1,064.00 3,990.00
30 GJ-1 4,655.00 7,381.50 10 CDJ-1 3,990.00 0
30 GJ-1 665.00 665.00
30 GJ-1 2,660.00 3,325.00

ACCOUNT Accrued Percentage ACCOUNT ACCOUNT I.A. Mangaya-ay, ACCOUNT

287 414
NAME: tax payable NUMBER: NAME: Capital NUMBER:

DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 8,977.50 `June. 1 Beginning Balance 362,491.50
30 GJ-1 9,576.00 18,553.50 30 CLOSING GJ-1 110,007.63 472,499.13
30 CLOSING GJ-1 13,300.00 459,199.13

ACCOUNT ACCOUNT ACCOUNT I.A. Mangaya-ay, ACCOUNT

J.Y. Janson, Capital 415 416
NAME: NUMBER: NAME: Drawing NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
`June. 1 Beginning Balance 362,491.50 June. 30 CDJ-1 13,300.00 13,300.00
30 CLOSING GJ-1 110,007.63 472,499.13 30 CLOSING GJ-1 13,300.00 0
30 CLOSING GJ-1 13,300.00 459,199.13

ACCOUNT ACCOUNT ACCOUNT ACCOUNT

J.Y. Janson, Drawing 418 Income Summary 419
NAME: NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 CDJ-1 13,300.00 13,300.00 June. 30 CLOSING GJ-1 220,015.25 220,015.25
30 CLOSING GJ-1 13,300.00 - 30 CLOSING GJ-1 220,015.25 0
 ACCOUNT ACCOUNT ACCOUNT ACCOUNT
Service Revenues 547 Salaries Expenses 681
NAME: NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 RJ-1 292,600.00 292,600.00 June. 30 CDJ-1 63,840.00 63,840.00
30 CRJ-1 26600 319,200.00 30 CLOSING GJ-1 63,840.00 0
30 CLOSING GJ-1 319,200.00 -

ACCOUNT SSS, PhilHealth, and ACCOUNT ACCOUNT ACCOUNT

682 Rent Expense 693
NAME: Pag-ibig Contributions NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 GJ-1 4,655.00 4,655.00 5 CDJ-1 13,300.00 13,300.00
30 CLOSING GJ-1 4,655.00 - 30 CLOSING GJ-1 13,300.00 0

ACCOUNT ACCOUNT ACCOUNT ACCOUNT

Utilities Expense 694 Supplies Expense 696
NAME: NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 GJ-1 665.00 665.00 June. 30 CDJ-1 1,995.00 1,995.00
30 GJ-1 2,660.00 3,325.00 30 CLOSING GJ-1 1,995.00 0
30 CLOSING GJ-1 3,325.00 -

ACCOUNT Transportation ACCOUNT ACCOUNT ACCOUNT

697 Depreciation Expense 706
NAME: Expense NUMBER: NAME: NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 GJ-1 2,493.75 2,493.75
30 CLOSING GJ-1 2,493.75 0

ACCOUNT Percentage Tax ACCOUNT ACCOUNT Miscellaneous ACCOUNT

708 733
NAME: Expense NUMBER: NAME: Expense NUMBER:
DATE ITEM PR DEBIT CREDIT BALANCE DATE ITEM PR DEBIT CREDIT BALANCE
June. 30 GJ-1 9,576.00 9,576.00
30 CLOSING GJ-1 9,576.00 -
 BISI ENTREP, PARTNERSHIP
FOR THE MONTH ENDED JUNE 30, 2022
STATEMENT OF STATEMENT OF FINANCIAL
ACCOUNT TITLES TRIAL BALANCE ADJUSTMENTS
COMPREHENSIVE INCOME POSITION
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
Cash 580,172.60 580,172.60
Accounts Receivable 93,100.00 93,100.00
Input tax 2,633.40 2,633.40
Office Equipment 299,250.00 299,250.00
Accumulated depreciation -office equipment 23,275.00 2,493.75 25,768.75
Withholding Taxes payable 1,064.00 1,064.00
Expanded withholding taxes payable 665.00 665.00
SSS, Philhealth and Pag-ibig Contribution Payable 2,726.50 4,655.00 7,381.50
Accrued Percentage tax payable 8,977.50 9,576.00 18,553.50
I.A. Mangaya-ay, Capital 362,491.50 362,491.50
J.Y. Janson, Capital 362,491.50 362,491.50
I.A. Mangaya-ay, Drawing 13,300.00 13,300.00
J.Y. Janson, Drawing 13,300.00 13,300.00 -
Service Revenues 319,200.00 319,200.00
Salaries Expenses 63,840.00 63,840.00
Rent Expense 13,300.00 13,300.00
Supplies Expense 1,995.00 1,995.00
TOTAL 1,080,891.00 1,080,891.00
SSS, PhilHealth, and Pag-ibig Contributions 4,655.00 4,655.00
Utilities Expense 3,325.00 3,325.00
Utilities payable 3,325.00 3,325.00
Depreciation Expense 2,493.75 2,493.75
Percentage Tax Expense 9,576.00 9,576.00
TOTAL 20,049.75 20,049.75 99,184.75 319,200.00 1,001,756.00 781,740.75
NET INCOME 220,015.25 220,015.25
GRAND TOTAL 319,200.00 319,200.00 1,001,756.00 1,001,756.00
 BISI ENTREP, PARTNERSHIP
STATEMENT OF COMPREHENSIVE INCOME
FOR THE MONTH ENDED JUNE 30, 2022

Service Revenues ₱ 319,200.00

Salaries Expenses ₱ 63,840.00

SSS, PhilHealth, and Pag-ibig Contributions 4,655.00
Rent Expense 13,300.00
Utilities Expense 3,325.00
Supplies Expense 1,995.00
Transportation Expense 0
Depreciation Expense 2,493.75
Percentage Tax Expense 9,576.00
Miscellaneous Expense 0
Total Expenses 99,184.75

NET INCOME (LOSS) ₱ 220,015.25

BISI ENTREP, PARTNERSHIP

STATEMENT OF CHANGES IN PARTNERS` EQUITY
FOR THE MONTH ENDED JUNE 30, 2022

I.A. Mangaya-ay, Capital J.Y. Janson, Capital TOTALS

BEGINNING CAPITAL ₱ 362,491.50 ₱ 362,491.50 ₱ 724,983.00
DRAWINGS (13,300.00) (13,300.00) (26,600.00)
NET INCOME (LOSS) 110,007.63 110,007.63 220,015.25
ENDING CAPITAL ₱ 459,199.13 ₱ 459,199.13 ₱ 918,398.25
 BISI ENTREP, PARTNERSHIP
STATEMENT OF FINANCIAL POSITION
AS OF JUNE 3O, 2022

ASSETS

Cash ₱ 580,172.60
Accounts Receivable 93,100.00
Input tax 2,633.40
Total Current Assets ₱ 675,906.00
Office Equipment ₱ 299,250.00
Accumulated depreciation -office equipment25,768.75
Total Non-current Assets ₱ 273,481.25
TOTAL ASSETS ₱ 949,387.25

LIABILITIES

Accounts Payable -
Withholding Taxes payable ₱ 1,064.00
Expanded withholding taxes payable 665.00
SSS, Philhealth and Pag-ibig Contribution Payable 7,381.50
Utilities payable 3,325.00
Accrued Percentage tax payable 18,553.50
TOTAL LIABILITIES ₱ 30,989.00

PARTNERS` EQUITY

I.A. Mangaya-ay, Capital ₱ 459,199.13

J.Y. Janson, Capital 459,199.13
TOTAL PARTNERS` EQUITY ₱ 918,398.25

TOTAL LIABILITIES AND PARTNERS` EQUITY ₱ 949,387.25

 BISI ENTREP, PARTNERSHIP
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED JUNE 30, 2022

CASH IN ACTIVITIES
Collections from clients ₱ 379,050.00

Total Cash in ₱ 379,050.00

CASH OUT ACTIVITIES

Payment for supplies ₱ 2,234.40
Payment for office equipment 22,344.00
Payment for rent 12,635.00
Payment for taxes 1,729.00
Payment for SSS, PhilHelth, Pag ibig Contribution 7,381.50
Payment for accrued utilities 5,054.00
Payment for payroll June 1-15, 2022 30,656.50
Payment for payroll June 16-30, 2022 29,393.00
withdrawals of partners 26,600.00

Total Cash-out ₱ 138,027.40

Net Increase (decrease) ₱ 241,022.60

Add: Cash balance, June 1, 2022 339,150.00

CASH BALANCE, June 30, 2022 ₱ 580,172.60

 BISI ENTREP, PARTNERSHIP
POST-CLOSING TRIAL BALANCE
JUNE 3O, 2022

ACCOUNT TITLES DEBIT CREDIT

Cash ₱ 580,172.60
Accounts Receivable 93,100.00
Input tax 2,633.40
Office Equipment 299,250.00
Accumulated depreciation -office equipment ₱ 25,768.75
Withholding Taxes payable 1,064.00
Expanded withholding taxes payable 665.00
SSS, Philhealth and Pag-ibig Contribution Payable 7,381.50
Utilities payable 3,325.00
Accrued Percentage tax payable 18,553.50
I.A. Mangaya-ay, Capital 459,199.13
J.Y. Janson, Capital 459,199.13
TOTALS ₱ 975,156.00 ₱ 975,156.00 ₱ -