Date Particulars REF Debit Credit

April 1 Cash 101 ₧39,000

Dela Cruz Capital 301 ₧39,000
To record the initial investment of
Mr. Dela Cruz.
2 Equipment-Computer 150 10,000
Cash 101 10,000
To record the purchased computer.

Merchandise Inventory 115 15,900

Accounts Payable 201 15,900
To record the purchased
merchandise on account.
3 Office Supplies 120 700
Cash 101 700
To record the purchase of office
supplies.
4 Accounts Receivable 105 15,200
Sales 401 15,200
To record merchandise sold on
account.
12,200
Cost of Goods Sold 501 12,200
Merchandising inventory 115
To record the cost of goods sold.
5 Freight-out 506 200
Cash 101 200
To record the payment of
transportation-out.
6 Accounts Payable 201 300
Merchandise Inventory 115 300
To record received credit from
LOWTOWN Supply Co. for merchandise
returned.
11 Accounts Payable 201 15,600
Merchandise Inventory 115 312
Cash 101 15,288
To record payment to LOWTOWN
Supply Co.
13 Cash 101 14,896
Sales discount 410 304
Accounts receivable 105 15,200
To record collection in full from
customers.
14 Merchandise inventory 115 14,400
Cash 101 14,400
To record purchased merchandise.
15 Salaries Expense 530 1,500
Cash 101 1,500
To record payment of salaries.
16 Cash 101 12,000
Notes payable 202 12,000
To record borrowed money from
RCBC Bank.
17 Cash 101 500
Merchandise inventory 115 500
To record refund from supplier on
April 14.
18 Merchandise inventory 115 14,200
Accounts payable 201 14,200
To record purchase of
merchandise from MESDA.
20 Merchandise inventory 115 700
Cash 101 700
To record payment of freight on
April 18 purchase.
23 Cash 101 16,400
Sales 401 16,400
To record cash sales.

Cost of goods sold 501 10,500

Merchandise inventory 115 10,500
To record cost of goods sold.
26 Merchandise inventory 115 12,300
Cash 101 12,300
To record bought merchandise.

27 Accounts payable 201 9,000

Cash 101 9,000
To record payment to MESDA.
28 Dela Cruz, Drawings 302 2,008
Cash 101 2,008
To record withdrawal of Dela Cruz
for personal use.
29 Sales return and allowances 405 900
Cash 101 900
To record refund to customers for
defective goods.
30 Accounts receivable 105 13,700
Sales 401 13,700
To record sales on account.
 Cost of goods sold 501 11,000
Merchandise inventory 115 11,000
To record cost of goods sold.

Advertising 1000 1,000

Utilities 540 400
Rent 510 1,500
Salaries 530 1,500
Cash 101 6,400
To record month end expenses.

General Ledger

101 CASH

DATE DEBIT CREDIT BALANCE

DEBIT CREDIT
April 1 ₧39,000 ₧39,000
2 ₧10,000 29,000
3 700 28,300
5 200 28,100
11 15,288 12,812
13 14,896 27,708
14 14,400 13,308
15 1,500 11,808
16 12,000 23,808
17 500 24,308
20 700 23,608
23 16,400 40,008
26 12,300 27,708
27 9,000 18,708
28 2,008 16,700
29 900 15,800
30 6,400 9,400

105 ACCOUNTS RECEIVABLE

Date Debit Credit Balance

Debit Credit
April 4 ₧15,200 ₧15,200
13 ₧15,200 0
30 13,700 13,700
115 MERCHANDISE INVENTORY

Date Debit Credit Balance

 Debit Credit
APRIL 2 ₧15,900 ₧15,900
4 ₧12,200 3,700
6 300 3,400
11 312 3,088
14 14,400 17,488
17 500 16,988
18 14,200 31,188
20 700 32,888
23 10,500 22,088
26 12,300 33,688
30 11,000 22,688

120 SUPPLIES

Date Debit Credit Balance

Debit Credit
APRIL 3 ₧700 ₧700

150 EQUIPMENT

Date Debit Credit Balance

Debit Credit
APRIL 2 ₧10,000 ₧10,000

201 ACCOUNTS PAYABLE

Date Debit Credit Balance

Debit Credit
APRIL 2 ₧15,900 ₧15,900
6 ₧300 15,600
11 15,600 0
18 14,200
27 9,000 5,200

202 NOTES PAYABLE

Date Debit Credit Balance

Debit Credit
APRIL 16 12,000 12,000

301 DELA CRUZ CAPITAL

Date Debit Credit Balance

 Debit Credit
APRIL 1 39,000 39,000

302 DELA CRUZ DRAWING

Date Debit Credit Balance

Debit Credit
APRIL 28 2,008 2,008

401 SALES

Date Debit Credit Balance

Debit Credit
APRIL 4 15,200 15,200
23 16,400 31,600
30 13,700 45,300

405 SALES RETURN AND ALLOWANCES

Date Debit Credit Balance

Debit Credit
APRIL 30 900 900

410 SALES DISCOUNTS

Date Debit Credit Balance

Debit Credit
APRIL 13 304 304

501 COST OF GOOD SOLD

Date Debit Credit Balance

Debit Credit
APRIL 4 12,200 12,200
23 10,500 22,700
30 11,000 33,700

503 ADVERTISING EXPENSE

Date Debit Credit Balance

Debit Credit
APRIL 30 1,000 1,000

506 FREIGHT OUT

 Date Debit Credit Balance
Debit Credit
APRIL 5 200 200

510 RENT EXPENSE

Date Debit Credit Balance

Debit Credit
APRIL1 30 3,500 3,500

530 SALARIES EXPENSE

Date Debit Credit Balance

Debit Credit
APRIL 15 1,500 1,500
30 1,500 3,000

540 UTILITIES EXPENSE

Date Debit Credit Balance

Debit Credit
APRIL 30 400 400

ABC
TRIAL BALANCE
April 30, 2016
REF. PARTICULARS DEBIT CREDIT
101 Cash ₧9,400
105 Accounts receivable 13,700
115 Merchandise inventory 22,688
120 Supplies 700
150 Equipment 10,000
201 Accounts payable ₧5,200
202 Notes payable 12,000
301 Dela Cruz, capital 39,000
302 Dela Cruz, drawings 2,008
401 Sales 45,300
405 Sales return and allowances 900
410 Sales discount 304
501 Cost of goods sold 33,700
506 Freight out 200
503 Advertising 1,000
510 Rent expense 3,500
530 Salaries expense 3,000
540 Utilities expense 400
TOTAL ₧101,500 ₧101,500