PURCHASE JOURNAL

DATE ACCOUNT CREDITED TERMS INVOICE DATE POST REF.

2023
5-May Teen Titans Go Shop n/30 27-Apr 005
8-May KCC Mall n/30 30-Apr 410
15-May Tong Retailers 2/10,n/30 1-May 410
18-May Avengers Store n/30 5-May 410
 ACCOUNTS PAYABLE SUBSIDIARY LEDGERS
AMOUNT Teen Titans Go
DATE DESCRIPTION PR AMOUNT DATE DESCRIPTION
45,000 2023
30,000 5-May Office Equipment 005 45,000
50,000
38,000

KCC Mall
DATE DESCRIPTION PR AMOUNT DATE DESCRIPTION
2023
8-May Purchases 410 30,000

Tong Retailers
DATE DESCRIPTION PR AMOUNT DATE DESCRIPTION
2023
15-May Purchases 410 50,000

Avengers Shop
DATE DESCRIPTION PR AMOUNT DATE DESCRIPTION
2023
18-May Purchases 410 38,000
 GENERAL LEDGER
OFFICE EQUIPMENT
PR AMOUNT DATE DESCRIPTION PR AMOUNT DATE
5-May 005 45,000

PURCHASES
PR AMOUNT DATE DESCRIPTION PR AMOUNT DATE
8-May 410 30,000
15-May 410 50,000
18-May 410 38,000

ACCOUNTS PAYABLE
PR AMOUNT DATE DESCRIPTION PR AMOUNT DATE
30-May 110 163,000

PR AMOUNT
LEDGER
UIPMENT
DESCRIPTION PR AMOUNT

ASES
DESCRIPTION PR AMOUNT

PAYABLE
DESCRIPTION PR AMOUNT
 SALES JOURNAL AC
DATE ACCOUNTS DEBITED INVOICE N0. P.R. AMOUNT
2023 DATE
13-May Casa Events 103 310 20,000 2023
13-May

DATE
2023

13-May

DATE
2023
13-May
 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Casa Events
DESCRIPTION P.R. AMOUNT DATE DESCRIPTION P.R. AMOUNT
2023
Sales 20,000

GENERAL LEDGER
Sales
DESCRIPTION P.R. AMOUNT DATE DESCRIPTION P.R. AMOUNT
2023
Accounts
Receivable 20,000

ACCOUNTS RECEIVABLE
DESCRIPTION P.R. AMOUNT DATE DESCRIPTION P.R. AMOUNT
2023
Sales 20,000
CDE Wholesale & Retail Store Chart of
Accounts

Balance Sheet Accounts Income Statement

ASSET INCOME
010 Cash 310 Sales
020 Accounts Receivable
005 Office Equipment
015 Service Vehicle
025 Building
EXPENSES
410 Purchases
Purchase Returns &
420 Allowances
430 Purchase Discount
LIABILITIES 440 Transportation In
110 Accounts Payable

OWNER'S EQUITY
210 Chavez, Capital
220 Delmo, Capital
230 Espulgar, Capital
260 Espulgar, Withdrawals
 On May 1, 2023, Chavez, Delmo, Espulgar, Sole Proprietors, Established the CDE Wholesale & Retail Store.
Transactions completed during this month are as follows:

1 1-May

2 2-May

3 4-May

4 5-May

5 8-May

6 9-May

7 10-May

8 13-May

9 15-May

10 17-May

11 18-May

12 20-May

13 23-May

14 25-May

15 25-May

16 27-May

17 30-May
On May 1, 2023, Chavez, Delmo, Espulgar, Sole Proprietors, Established the CDE Wholesale & Retail Store.
Transactions completed during this month are as follows:

Chavez, Delmo, and Espulgar decided to form a partnership. Chavez invested 750,000 cash,
Espulgar invested 800,000, and Delmo invested space for the Shop.

Hired an Office Manager and 2 warehouse workers each with a 15,000 monthly salary

Acquired service vehicle for 400,000 from Carl Jacob Driving Co.

Acquired Office Equipment from Teen Titans Go Shop 60,000, paying 15,000 in cash and the balance
next month. Invoice dated April 27

Purchased merchandise on credit for 30,000 from KCC Mall. Invoice dated April 30

Paid KCC Mall with an amount of 30,000, full payment.

Sold merchandise for cash, 18,000 to Justice League Co.

Sold merchandise on credit to Casa Events. Terms n/30 20,000. invoice no. 103

Purchased merchandise on credit from Tong Retailers, terms 2/10, n/30, 50,000 FOB shipping point. Invoice dated May 1

Paid Shoppee freight for freight charges on merchandise received, 300.

Purchase merchandise on credit from Avengers Store, terms n/30. FOB shipping point 38,000. invoice dated May 5

Returned some of the merchandise received on May 18 for credit, P6,000.

Paid Teen Titans Go Shop a 45,000 cash amount owed.

Received full payment from Casa Events.

Paid Tong Retailers accountd in full amount.

Sold merchandise for cash, P10,000 to Tong Retailers.

Espulgar withdrew P15,000 for personal expenses.

 JOURNAL ENTRIES
CDE WHOLESALE & RETAIL STORE
31-May-23
DATE ACCOUNT NAME DEBIT CREDIT
2023
1-May Cash 1,550,000
Chavez, Capital 750,000
Espulgar, Capital 800,000

Building 450,000
Delmo, Capital 450,000

2-May "No Entry"

4-May Service Vehicle 400,000

Cash 400,000

5-May Office Equipment 60,000

Cash 15,000
Accounts Payable 45,000

8-May Purchases 30,000

Accounts Payable 30,000

9-May Accounts Payable 30,000

Cash 30,000

10-May Cash 18,000

Sales 18,000

13-May Accounts Receivable 20,000

Sales 20,000

15-May Purchases 50,000

Accounts Payable 50,000

17-May Transportation In 300

 Cash 300

18-May Purchases 38,000

Accounts Payable 38,000

20-May Accounts Payable 6,000

Purchases Returns & Allowances 6,000

23-May Accounts Payable 45,000

Cash 45,000

25-May Cash 20,000

Accounts Receivable 20,000

25-May Accounts Payable 50,000

Purchases Discount 10,000
Cash 40,000

27-May Cash 10,000

Sales 10,000

30-May Espulgar, Withdrawals 15,000

Cash 15,000
 JOURNAL ENTRY
Date Particulars REF.(Account Code) Debit
2023
1-May Cash 1,550,000
Chavez, Capital
Espulgar, Capital

Building 450,000
Delmo, Capital

2-May "No Entry"

4-May Service Vehicle 400,000

Cash

5-May Office Equipment 60,000

Cash
Accounts Payable

8-May Purchases 30,000

Accounts Payable

9-May Accounts Payable 30,000

Cash

10-May Cash 18,000

Sales

13-May Accounts Receivable 20,000

Sales

15-May Purchases 50,000

Accounts Payable
17-May Transportation In 300
Cash

18-May Purchases 38,000

Accounts Payable

20-May Accounts Payable 6,000

Purchases Returns &
Allowances

23-May Accounts Payable 45,000

Cash

25-May Cash 20,000

Accounts Receivable

25-May Accounts Payable 50,000

Purchases Discount
Cash

27-May Cash 10,000

Sales

30-May Espulgar, Withdrawals 15,000

Cash
Gen.
Journal -1

Credit

750,000
800,000

450,000

400,000

15,000
45,000

30,000

30,000

18,000

20,000

50,000
 300

38,000

6,000

45,000

20,000

10,000
40,000

10,000

15,000
 GENERAL LEDGER

010 CASH
Date Particulars Ref. Debit Credit Balance
5/1/23 Investment by Owner GJ-1 1,550,000 1,550,000
5/4/23 Acquisition of Service Vehicle GJ-1 400,000 1,150,000
5/5/23 Acquisition of Office Equiptment GJ-1 15,000 1,135,000
5/9/23 Payment For Merchandise GJ-1 30,000 1,105,000
5/10/23 Sold merchandise GJ-1 18,000 1,123,000
5/17/23 Paid Freight Cost GJ-1 300 1,122,700
Payment For Balance Owed From
5/23/23 Aquisitionof Office Equiptment GJ-1 45,000 1,077,700
5/23/23 Received Payment GJ-1 20,000 1,097,700
5/25/23 Payment For Merchandise GJ-1 40,000 1,057,700
5/27/23 Sold merchandise GJ-1 10,000 1,067,700
5/30/23 Withdrawal Of Owner GJ-1 15,000 1,052,700
Total 1,598,000 545300 1,052,700

020 ACCOUNTS RECEIVABLE

Date Particulars Ref. Debit Credit Balance
5/13/23 Sold Merchandise GJ-1 20,000 20,000
5/25/23 Received Payment GJ-1 20,000
Total 0

005 OFFICE EQUIPMENT

Date Particulars Ref. Debit Credit Balance
5/5/23 Aquired Office Equipment GJ-1 60,000 60,000

Total 60,000

015 SERVICE VEHICLE

Date Particulars Ref. Debit Credit Balance
5/4/23 Aquired Service Vehicle GJ-1 400,000 400,000

Total 400,000

025 BUILDING
Date Particulars Ref. Debit Credit Balance
5/1/23 Investment by the Owner GJ-1 450,000 450,000
Total 450,000
 GENERAL LEDGER

110 ACCOUNTS PAYABLE

Date Particulars Ref. Debit Credit
5/5/23 Acquisition of Office Equipment GJ-1 45,000
5/8/23 Purchased Merchandise GJ-1 30,000
5/9/23 Paid Merchandise GJ-1 30,000
5/15/23 Purchased Merchandise GJ-1 50,000
5/18/23 Purchased Merchandise GJ-1 38,000
5/20/23 Returned Purchases GJ-1 6,000
Paid for Acquisition of Office
5/23/23 Equipment GJ-1 45,000
5/25/23 Paid Merchandise GJ-1 50,000
Total
Balance
45,000
75,000
45,000
95,000
133,000
127,000

82,000
32,000
32,000
 GENERAL LEDGER

210 CHAVEZ, CAPITAL

Date Particulars Ref. Debit Credit Balance
5/8/23 Investment of Chavez GJ-1 750,000 750,000

Total 750,000

220 DELMO, CAPITAL

Date Particulars Ref. Debit Credit Balance
5/1/23 Investment of Delmo GJ-1 450,000 450,000

Total 450,000

230 ESPULGAR, CAPITAL

Date Particulars Ref. Debit Credit Balance
5/1/23 Investment of Espulgar GJ-1 800,000 800,000

Total 800,000

260 ESPULGAR, WITHDRAWALS

Date Particulars Ref. Debit Credit Balance
5/30/23 Withdrawals of Espulgar GJ-1 15,000 15,000

Total 15,000
 310 SALES
Date Particulars Ref. Debit Credit Balance
5/10/23 Sold Merchandise for cash GJ-1 18,000 18,000
5/13/23 Sold Merchandise on Credit GJ-1 20,000 38,000
5/27/23 Sold Merchandise for cash GJ-1 10,000 48,000

Total 48,000
 410 PURCHASES
Date Paritculars Ref. Debit Credit Balance
5/8/23 Purchased merchandise on credit GJ-1 30,000 30,000
5/15/23 Purchased merchandise on credit GJ-1 50,000 80,000
5/18/23 Purchased merchandise on credit GJ-1 38,000 38,000

Total 118,000

420 PURCHASES RETURNED & ALLOWANCES

Date Particulars Ref. Debit Credit Balance

5/20/23 Returned some of the merchandise GJ-1 6,000

Total 6,000

430 PURCHASE DISCOUNT

Date Particulars Ref. Debit Credit Balance
5/25/23 Paid Tong Retailers GJ-1 10,000

Total 10,000

440 TRANSPORTATION IN
Date Particulars Ref. Debit Credit Balance
Paid Shoppee freight for freight
5/17/23 charges GJ-1 300

Total 300
 ACCOUNTS PAYABLE SUBSIDIARY LEDGERS
Teen Titans Go
DATE DESCRIPTION PR DEBIT CREDIT BALANCE
2023
Office
5-May Equipment GJ-1 45,000 45,000
Total 45,000

KCC Mall
DATE DESCRIPTION PR DEBIT CREDIT BALANCE
2023
8-May Purchases GJ-1 30,000 30,000

Total 30,000

Tong Retailers
DATE DESCRIPTION PR DEBIT CREDIT BALANCE
2023
15-May Purchases GJ-1 50,000 50,000

Avengers Shop
DATE DESCRIPTION PR DEBIT CREDIT BALANCE
2023
18-May Purchases GJ-1 38,000 38,000
 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Casa Events
DATE DESCRIPTION P.R. DEBIT CREDIT DESCRIPTION P.R. AMOUNT
2023 2023
5/13/23 Sales GJ-1 20,000
 CDE WHOLESALE AND RETAIL STORE
INCOME STATEMENT
FOR THE MONTH ENDED MAY 31, 2023

SALES 48,000
Less: Sales Returns and Allowances
Sales Discount
Net Sales
Less: Cost of Goods Sold

Merchandise Inventory
Add: Purchases
Transportation In
Total
Less: Purchase Returns and Allowances
Purchase Discounts
Net Purchases
Total Cost ofGoods Available for Sale
Less: Merchandise Inventory, May 31
Cost of Goods Sold
Gross Profit