Date Invoice No.

Customers PR

07/02/2018 00001-09 Various Walk-In Customers

5/7/2018 00010 CCSA
8/7/2018 00011 Matalino High School
07/13/2018 00012 Mr. Xander Retoke
07/18/2018 00013 Makilala National High School
07/23/2018 00014 Gevera Auditing Firm
07/29/2018 00015 Aquarius Company
07/30/2018 00016 Walk-In Customer
 DEBIT
Terms
Accounts Receivable Cash
COD ₱ 455,000
Less: 10%, 2/10, n/30 FOB Destination ₱ 1,800,000
Less: 5%, 2/10, n/30 FOB SP ₱ 665,000
Less: 5% COD ₱ 66,500
2/10, n/30, FOB SP ₱ 1,125,000
40% downpayment, balance 30 days ₱ 68,400 ₱ 45,600
2/10, n/30 ₱ 325,000
Less: 5% COD ₱ 95,000
₱ 3,983,400 ₱ 662,100
₱ 4,645,500
 CREDIT

Sales VAT Output

₱ 406,250 ₱ 48,750
₱ 1,607,143 ₱ 192,857
₱ 593,750 ₱ 71,250
₱ 59,375 ₱ 7,125
₱ 1,004,464 ₱ 120,536
₱ 101,786 ₱ 12,214
₱ 290,179 ₱ 34,821
₱ 84,821 ₱ 10,179
₱ 4,147,768 ₱ 497,732 ₱ -
₱ 4,645,500
 Debits
Date O.R. No. Description
Cash Sales Disc.

1/7/2018 12001 Mr. Cyber Henio ₱ 1,500,000

1/7/2018 12002 CCSA ₱ 1,755,180 ₱ 31,982
07/18/2018 12003 Matalino High School ₱ 654,700 ₱ 11,875
07/18/2018 12004 Trilling Enterprise ₱ 1,000

07/23/2018 12005 Abby's Merchandising ₱ 15,200

07/28/2018 12006 Makilala High School ₱ 1,102,500 ₱ 20,089

07/30/2018 12007 UM Cooperative ₱ 50,000
₱ 5,078,580 ₱ 63,946

Debit Credit
₱ 5,150,200 ₱ 5,150,200

₱ 875
₱ 980
Credits
Other Accounts
A/R
Account Title Debit Credit
Henio, Capital ₱ 1,500,000
₱ 1,791,000 VAT Output ₱ 3,838
₱ 668,000 VAT Output ₱ 1,425
Purchase Ret. ₱ 893
VAT Input ₱ 107
Sales Commission ₱ 13,571 ₱ 13,571 ₱ 1,629 ₱ 105
VAT Output ₱ 1,629
₱ 1,125,000 VAT Output ₱ 2,411
Customer Deposit ₱ 50,000 ₱ 44,643 ₱ 5,357
₱ 3,584,000 ₱ 7,674 ₱ 1,566,200
₱ 6,986

₱ 7,674 1734 -₱ 879

0.114078947 -₱ 0.06

14450
7672 1734
16184
ol;opipo;po;;op;opo;

160.7142857

1734
 Date R. R. No. Account Credited Terms

1/7/2018 1001 High Tech Company Less: 15% 3/10, n/45, FOB SP
11/7/2018 1002 Voltes Five Company 3/10, n/45 FOB destination
07/17/2018 1003 Trilling Enterprise COD
07/24/2018 1004 High Tech Company 3/10, n/45 FOB destination
07/25/2018 1005 Metro Appliance Center 2/5, n/30
 Credits Debits
Other Accounts
Accounts Payable Purchases Input Tax
Account Title Debit Credit
₱ 1,955,000 ₱ 1,745,536 ₱ 209,464
₱ 250,900 ₱ 224,018 ₱ 26,882
₱ 5,000 ₱ 4,464 ₱ 536
₱ 2,240,000 ₱ 2,000,000 ₱ 240,000
₱ 80,000 ₱ 8,571 Office Equipment ₱ 71,429

₱ 4,530,900 ₱ 3,974,018 ₱ 485,454 ₱ 71,429 ₱ -

₱ 4,530,900 ₱ 4,530,900
 Credits
Date Payee CV No. CK No.
Cash

1/7/2018 Mr. Henio 7-101 532101 ₱ 10,500

1/7/2018 Aboiting Shipping 7-102 532102 ₱ 7,800
3/7/2018 Walk-in Customers 7-103 532103 ₱ 5,000
3/7/2018 Gevera Accounting Firm 7-104 532104 ₱ 8,300
4/7/2018 Gevera Accounting Firm 7-105 532105 ₱ 6,175
5/7/2018 Allied Cargo 7-106 532106 ₱ 1,500
6/7/2018 PHI Inc. 7-107 532107 ₱ 45,600

8/7/2018 Allied Cargo 7-108 532108 ₱ 3,000

9/7/2018 High Tech Company 7-109 532109 ₱ 1,883,983
12/7/2018 Archer Company 7-110 532110 ₱ 15,500
07/15/2018 Payroll Master 7-111 532111 ₱ 12,300
07/17/2018 Trilling Enterprise 7-112 532112 ₱ 5,000
07/18/2018 Voltes Five Company 7-113 532113 ₱ 243,373
07/20/2018 Edmund Trabahador 7-114 532114 ₱ 6,500
07/25/2018 Mr. Henio 7-115 532115 ₱ 4,300
07/31/2018 Payroll Master 7-116 532116 ₱ 13,900

₱ 2,272,731
Credits Debits
Accounts Salaries
Purchases Discount Freight In Freight Out Light & Water
Payable Expense

₱ 6,964

₱ 1,500

₱ 52,025 ₱ 1,942,250

₱ 12,300
₱ 5,000
₱ 6,721 ₱ 250,900

₱ 15,000

₱ 58,745 ₱ 2,198,150 ₱ 6,964 ₱ 1,500 ₱ 27,300 ₱ -

₱ 58,746

Debit
₱ 2,342,351
 DEBIT CREDIT DEBIT CREDIT

Sales Returns Input Tax SSS/PHIC/HDMF Payable Withholding Tax Payable

₱ 836
₱ 4,464

₱ 325

₱ 2,400

₱ 1,661

₱ 620 ₱ 80

₱ 4,464 ₱ - ₱ 620 ₱ - ₱ 2,805

₱ 2,497

Credit
₱ 2,342,351
 SUNDRIES

Account Title F Debit Credit

Miscellaneous Expense ₱ 10,500

VAT Output ₱ 536

Taxes and Licenses ₱ 8,300
Professional Service Expense ₱ 6,500

Prepaid Rent ₱ 36,000

Rent Deposit ₱ 12,000
Accounts Receivable ₱ 3,000
VAT Input ₱ 6,243
Store Supplies ₱ 13,839

VAT Input ₱ 806

Advances of Employees ₱ 6,500
Henio, Drawing ₱ 4,300
Advances of Employees ₱ 400
₱ 2,342,335.00
₱ 101,475 ₱ 7,449 2342334
₱ 2,338,926.00
₱ 2,342,334.00

₱ 14,800 ₱ 7,049
₱ 2,342,334.00
₱ 2,342,335.00
2342334
 Date Account Title PR Debit Credit
3/7/2018
NO entry

5/7/2018 Accounts Payable ₱ 12,750

Purchase Ret. & Allow. ₱ 11,384
VAT Input ₱ 1,366
10/7/2018 Sales Ret. & Allow. ₱ 8,036
VAT Output ₱ 964
Accounts Receivable ₱ 9,000
07/18/2018
NO ENTRY

07/27/2018 Accounts Payable ₱ 2,000

Purchase Ret. & Allow. ₱ 1,786
VAT Input ₱ 214

TOTAL ₱ 23,750 ₱ 23,750

ADJUSTING ENTRIES
a. Store Supplies Expense ₱ 4,456
Store Supplies ₱ 4,456
b. no Entry

c. Doubtful Accounts Expense ₱ 31,472

Allowance for Uncollectible Accounts ₱ 31,472
d. Salaries Expense ₱ 5,625
Salaries Payable ₱ 5,625
TOTAL ₱ 41,553 ₱ 41,553

CLOSING ENTRIES
07/31/2018 Sales ₱ 4,147,768
Sales Commision ₱ 13,571
Purchase Discount ₱ 58,745
Purchase Returns and Allowances ₱ 14,063
Income Summary ₱ 4,234,147

07/31/2018 Income Summary ₱ 4,153,081

Sales Discount ₱ 63,946
Sales Returns and Allowances ₱ 12,500
Purchases ₱ 3,974,018
Freight In ₱ 6,964
Freight Out ₱ 1,500
Salaries Expense ₱ 32,925
Professional Service Expense ₱ 6,500
 Miscellaneous Expense ₱ 10,500
Taxes and Licenses ₱ 8,300
Store Supplies Expense ₱ 4,456
Doubtful Accounts Expense ₱ 31,472

07/31/2018 Income Summary ₱ 81,066

Henio, Capital ₱ 81,066

07/31/2018 Henio, Capital ₱ 4,300

Henio, Drawing ₱ 4,300

TOTAL ₱ 8,472,594 ₱ 8,472,594

₱ 8,036
₱ 964
₱ 9,000
₱ 14,750
₱ 13,170
₱ 1,580

₱ -

cf
 Cash
Date J. R. Debit Date J. R. Credit
07/31/2018 SJ ₱ 662,100 07/31/2018 CDJ ₱ 2,272,731
07/31/2018 CRJ ₱ 5,078,580
₱ 5,740,680 ₱ 2,272,731
BAL ₱ 3,467,949

Accounts Receivable
Date J. R. Debit Date J. R. Credit
07/31/2018 SJ ₱ 3,983,400 07/31/2018 CRJ ₱ 3,584,000
07/31/2018 CDJ ₱ 3,000 07/31/2018 GJ ₱ 9,000

₱ 3,986,400 ₱ 3,593,000
BAL ₱ 393,400

Allowance for Doubtful Accounts

Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Advances of Employees
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 6,500 07/31/2018 CDJ ₱ 400

₱ 6,500 ₱ 400
BAL ₱ 6,100

Prepaid Rent
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 36,000

₱ 36,000 ₱ -
BAL ₱ 36,000

Store Supplies
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 13,839

₱ 13,839 ₱ -
BAL ₱ 13,839

Rent Deposit
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 12,000
 ₱ 12,000 ₱ -
BAL ₱ 12,000

Delivery Van
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Furniture & Fixtures

Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Office Equipment
Date J. R. Debit Date J. R. Credit
07/31/2018 PJ ₱ 71,429

₱ 71,429 ₱ -
BAL ₱ 71,429

Accumulated Depreciation - Office Equipment

Date J. R. Debit Date J. R. Credit

Accounts Payable
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 2,198,150 07/31/2018 PJ ₱ 4,530,900
07/31/2018 GJ ₱ 14,750
₱ 2,212,900 ₱ 4,530,900
BAL ₱ 2,318,000

VAT Output
Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 7,674 07/31/2018 SJ ₱ 497,732
07/31/2018 CDJ ₱ 536 07/31/2018 GJ ₱ 1,629
07/31/2018 GJ ₱ 964
₱ 9,174 ₱ 499,361
BAL ₱ 490,187 ₱ -
 VAT Input
Date J. R. Debit Date J. R. Credit
07/31/2018 PJ ₱ 485,453 07/31/2018 CRJ ₱ 107
07/31/2018 CDJ ₱ 2,497 07/31/2018 CDJ ₱ 7,049
07/31/2018 GJ ₱ 1,580
₱ 487,950 ₱ 8,736
BAL ₱ 479,214

VAT Payable
Date J. R. Debit Date J. R. Credit
₱ 10,973
₱ 10,973
₱ - ₱ - ₱ -
BAL ₱ -

SSS/PHIC/HDMF Payable
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 620

₱ - ₱ 620
BAL ₱ 620

Witholding Tax Payable

Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ 07/31/2018 CDJ ₱ 2,805

₱ - ₱ 2,805
BAL ₱ 2,805

Customer's Deposit
Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 50,000

₱ - ₱ 50,000
BAL ₱ 50,000

Salaries Payable
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -
 Henio, Capital
Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 1,500,000

₱ - ₱ 1,500,000
BAL ₱ 1,500,000

Henio, Drawing
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 4,300

₱ 4,300 ₱ -
BAL ₱ 4,300

Income Summary
Date J. R. Debit Date J. R. Credit

Sales
Date J. R. Debit Date J. R. Credit
07/31/2018 SJ ₱ 4,147,768

₱ - ₱ 4,147,768
BAL ₱ 4,147,768

Sales Commision
Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 13,571

₱ - ₱ 13,571
BAL ₱ 13,571

Sales Discount
Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 63,946

₱ 63,946 ₱ -
BAL ₱ 63,946

Sales Retun and Allowances

Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 4,464
07/31/2018 GJ ₱ 8,036
₱ 12,500 ₱ -
BAL ₱ 12,500

Purchases
Date J. R. Debit Date J. R. Credit
07/31/2018 PJ ₱ 3,974,018

₱ 3,974,018 ₱ -
BAL ₱ 3,974,018

Purchase Discount
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 58,745

₱ - ₱ 58,745
BAL ₱ 58,745

Purchase Return and Allowances

Date J. R. Debit Date J. R. Credit
07/31/2018 CRJ ₱ 893
07/31/2018 GJ ₱ 13,170
₱ - ₱ 14,063
BAL ₱ 14,063

Freight In
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 6,964

₱ 6,964 ₱ -
BAL ₱ 6,964

Freight Out
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 1,500

₱ 1,500 ₱ -
BAL ₱ 1,500

Salaries Expense
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 27,300
 ₱ 27,300 ₱ -
BAL ₱ 27,300

SSS/PHIC/HDMF Contribution
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Rent Expense
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Professional Service Expense

Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 6,500

₱ 6,500 ₱ -
BAL ₱ 6,500

Light and Water Expense

Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Communication Expense
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Miscellaneous Expense
Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 10,500

₱ 10,500 ₱ -
BAL ₱ 10,500

Taxes and Licenses

 Date J. R. Debit Date J. R. Credit
07/31/2018 CDJ ₱ 8,300

₱ 8,300 ₱ -
BAL ₱ 8,300

Store Supplies Expense

Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Depreciation Expense
Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -

Doubtful Accounts Expense

Date J. R. Debit Date J. R. Credit

₱ - ₱ -
BAL ₱ -
Date J. R. Debit

Date J. R. Debit

Date J. R. Debit
 10973
₱ 10,973
Date J. R. Credit

Date J. R. Credit Date J. R. Debit Date J. R.

Date J. R. Credit Date J. R. Debit Date J. R.

Date J. R. Debit Date J. R.

Date J. R. Debit Date J. R.

Date J. R. Debit Date J. R.

Date J. R. Debit Date J. R.

Credit

Credit
Credit

Credit

Credit

Credit
 Unadjusted Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Post-Trial Balance
Account Title
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
Cash ₱ 3,467,949 ₱ 3,467,949 ₱ 3,467,949 ₱ 3,467,949
Accounts Receivable ₱ 393,400 ₱ 393,400 ₱ 393,400 ₱ 393,400
Allowance for Doubtful Accounts c ₱ 31,472 ₱ 31,472 ₱ 31,472 ₱ 31,472
Advances of Employees ₱ 6,100 ₱ 6,100 ₱ 6,100 ₱ 6,100
Prepaid Rent ₱ 36,000 ₱ 36,000 ₱ 36,000 ₱ 36,000
Store Supplies ₱ 13,839 a ₱ 4,456 ₱ 9,383 ₱ 9,383 ₱ 9,383
Rent Deposit ₱ 12,000 ₱ 12,000 ₱ 12,000 ₱ 12,000
Delivery Van
Furnitures & Fixtures
Office Equipment ₱ 71,429 ₱ 71,429 ₱ 71,429 ₱ 71,429
Accumulated Dep. - Office Equip. ₱ - ₱ - ₱ -
Accounts Payable ₱ 2,318,000 ₱ 2,318,000 ₱ 2,318,000 ₱ 2,318,000
VAT Output ₱ 490,187 ₱ 490,187 ₱ 490,187 ₱ 490,187
VAT Input ₱ 479,214 ₱ 479,214 ₱ 479,214 ₱ 479,214
VAT Payable
SSS/PHIC/HDMF Payable ₱ 620 ₱ 620 ₱ 620 ₱ 620
Withholding Tax Payable ₱ 2,805 ₱ 2,805 ₱ 2,805 ₱ 2,805
Customer's Deposit ₱ 50,000 ₱ 50,000 ₱ 50,000 ₱ 50,000
Salaries Payable d ₱ 5,625 ₱ 5,625 ₱ 5,625 ₱ 5,625
Henio, Capital ₱ 1,500,000 ₱ 1,500,000 ₱ 1,500,000 ₱ 1,576,766
Henio, Drawing ₱ 4,300 ₱ 4,300 ₱ 4,300
Sales ₱ 4,147,768 ₱ 4,147,768 ₱ 4,147,768
Sales Commision ₱ 13,571 ₱ 13,571 ₱ 13,571
Sales Discount ₱ 63,946 ₱ 63,946 ₱ 63,946
Sales Returns and Allowances ₱ 12,500 ₱ 12,500 ₱ 12,500
Purchases ₱ 3,974,018 ₱ 3,974,018 ₱ 3,974,018
Purchase Discount ₱ 58,745 ₱ 58,745 ₱ 58,745
Purchase Returns and Allowances ₱ 14,063 ₱ 14,063 ₱ 14,063
Freight In ₱ 6,964 ₱ 6,964 ₱ 6,964
Freight Out ₱ 1,500 ₱ 1,500 ₱ 1,500
Salaries Expense ₱ 27,300 d ₱ 5,625 ₱ 32,925 ₱ 32,925
SSS/PHIC/HDMF Contribution ₱ -
Rent Expense ₱ -
Professional Service Expense ₱ 6,500 ₱ 6,500 ₱ 6,500
Light and Water Expense ₱ -
Communication Expense ₱ -
Miscellaneous Expense ₱ 10,500 ₱ 10,500 ₱ 10,500
Taxes and Licenses ₱ 8,300 ₱ 8,300 ₱ 8,300
Store Supplies Expense a ₱ 4,456 ₱ 4,456 ₱ 4,456
Depreciation Expense ₱ - ₱ -
Doubtful Accounts Expense c ₱ 31,472 ₱ 31,472 ₱ 31,472
TOTAL ₱ 8,595,759 ₱ 8,595,759 ₱ 41,553 ₱ 41,553 ₱ 8,632,856 ₱ 8,632,856 ₱ 4,153,081 ₱ 4,234,147 ₱ 4,479,775 ₱ 4,398,709 ₱ 4,475,475 ₱ 4,475,475
Net Profit ₱ 81,066 ₱ 81,066
₱ 4,234,147 ₱ 4,234,147 ₱ 4,479,775 ₱ 4,479,775 ₱ 4,475,475 ₱ 4,475,475

₱ -