Professional Documents
Culture Documents
Jan-17
1 Cash P200,000
Land P500,000
Building P800,000
Papasa Ako, Capital
To record initial investment.
3 Equipment 60,000
Cash
To record purchase of equipment for cash
15 Cash 50,000
Notes Payable
To record notes issued for borrowed cash
19 Cash 156,800
Sales Discount 3,200
Accounts Receivable
To record collections of sold merchandise on account
21 Cash 100,000
Sales
To record merchandise sold for cash
27 Cash 20,000
Accounts Receivable 80,000
Sales
To record merchandise sold for cash and balance on account
28 Cash 50,000
Accounts Receivable
To record collection of merchandise sold on account
Adjustments
60,000
30,000
200,000
ny
200,000
100,000
50,000
uary 7
10,000
hased
4,500
145,500
3,000
50,000
40,000
pany
20,000
10,000
old
160,000
50,000
100,000
50,000
30,000
10,000
50,000
100,000
50,000
100,000
ount
50,000
50,000
5,000
5,000
20,000
20,000
5,000
1,000
1,000
10,000
7,136
General Ledger
400,000.00
40,000.00 40,000.00
3,200.00 3,200.00
10,000 20,000.00 20,000.00
20,000 20,000.00 20,000.00
1,000 1,000.00 1,000.00
5,000 5,000.00 5,000.00
1,000 1,000.00 1,000.00
10,000.00 10,000.00
5,000.00 5,000.00
5,000.00 5,000.00
7,136 7,136.00 7,136.00
180,000.00 180,000.00
44136 44136 1,993,136.00 1,993,136.00 297,336.00
102,664.00
400,000.00
Income Statement Balance Sheet
98,300.00
30,000.00
7,136.00
175,500.00
10,000.00
2,000.00
500,000.00
800,000.00
5,000.00
60,000.00
1,000.00
50,000.00
20,000.00
10,000.00
1,500,000.00
20,000.00
400,000.00