M & M Appliance Center

General Ledger

Account: Cash in Bank Account No. 111

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 17,887.50 1/2/2006 Check payments CR
2 Banzon Initial investment CRJ 100,000.00 4 Check payments CR
3 Sales CRJ 6,600.00 5 Check payments CR
5 Payment of Account CRJ 5,036.50 Check payments CR
7 CRJ 2,285.40 8 Check payments CR
10 Payment of Account CRJ 3,000.00 Check payments CR
14 Payment of Note CRJ 1,024.00 9 Check payments CR
19 Payment of Account CRJ 10,000.00 12 Check payments CR
Sales CRJ 2,200.00 Check payments CR
20 Sales CRJ 13,200.00 Check payments CR
25 Payment of Account CRJ 5,000.00 15 Check payments CR
28 Payment of Account CRJ 17,248.00 20 Check payments CR
183,481.40 Check payments CR
30 Check payments CR
31 Check payments CR
Check payments CR
Check payments CR
Adjustment- Bank Charge GJ

31 Balance √ 101,121.09

Account: Petty Cash Fund Account No. 112

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 1,000.00 1/2/2006 M. Marquez withdrawal PCB
31 replenishment PCB 639.04 5 payment for gas PCB
 1,639.04 22 delivery to Maligaya PCB
26 delivery to BLTB PCB
30 newspaper subscription PCB

Balance √ 1,000.00

Account: Accounts Receivable Account No. 114

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 20,671.90 1/5/2006 CRJ
8 SJ 16,500.00 7 CRJ
15 SJ 10,560.00 10 CRJ
22 SJ 17,600.00 19 CRJ
25 SJ 9,900.00 25 CRJ
75,231.90 28 CRJ
GJ

31 Balance √ 31,810.00

Account: Allowance for Bad Debts Account No. 114.1

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
31 GJ
Balance √

Account: Merchandise Inventory Account No. 116

Date Explanation F Debit Date Explanation F
 1/1/2006 Beginning Balance √ 74,672.50 1/31/2006 GJ
31 Adjustment GJ 75,500.00
150,172.50

Balance √ 75,500.00

Account: Supplies Inventory Account No. 117

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 5,337.00 1/31/2006 GJ

31 Balance √ 4,887.00

Account: Prepaid Insurance Account No. 118

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 1,015.00 1/31/2006 GJ

31 Balance √ 676.67

Account: Excess Input Tax Account No. 119

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 600.00 1/31/2006 GJ

31 Balance √ -
Account: Land Account No. 121
Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 50,000.00

Account: Building Account No. 122

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 150,000.00

Account: Accumulated Depreciation- Building Account No. 122.1

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
31 GJ
Balance √

Account: Delivery Equipment Account No. 123

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 75,500.00
Account: Accumulated Depreciation- Delivery Equipment Account No. 123.1
Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
31 GJ
Balance √

Account: Furniture & Equipment Account No. 124

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 16,008.80

Account: Accumulated Depreciation- Furniture & Equipment Account No. 124.1

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
31 GJ
Balance √
Account: Vouchers Payable Account No. 211
Date Explanation F Debit Date Explanation F
1/2/2006 CR 7,849.75 1/1/2006 Beginning Balance √
4 CR 15,861.80 5 VR
5 CR 3,971.10 VR
CR 1,100.00 8 VR
8 CR 500.00 VR
CR 338.00 9 VR
9 CR 4,400.00 VR
12 CR 10,356.75 12 VR
CR 2,500.00 VR
CR 2,500.00 15 VR
15 CR 5,301.00 16 VR
20 CR 8,000.00 20 VR
CR 4,400.00 VR
VR 25,300.00 22 VR
30 CR 5,666.67 30 VR
31 CR 4,300.00 31 VR
CR 639.04 VR
CR 4,817.70 VR
107,801.81

Balance √

Account: SS, MCR, EC Premium Payable Account No. 214

Date Explanation F Debit Date Explanation F
1/5/2006 VR 3,971.10 1/1/2006 Beginning Balance √
31 VR
GJ
 Balance √

Account: Withholding Tax Payable Account No. 215

Date Explanation F Debit Date Explanation F
1/5/2006 VR 1,100.00 1/1/2006 Beginning Balance √
15 VR
31 VR

Balance √

Account: Loans Payable Account No. 217

Date Explanation F Debit Date Explanation F
1/30/2006 VR 4,916.67 1/1/2006 Beginning Balance √

Balance √

Account: Input Tax Account No. 219

Date Explanation F Debit Date Explanation F
1/9/2006 VR 1,056.00 1/2/2006 CR
16 VR 3,036.00 20 CR
22 VR 580.80
4,672.80
31 Balance √ 4,654.96

Account: Output Tax Account No. 220

Date Explanation F Debit Date Explanation F
1/28/2006 Sales discount CRJ 37.71 1/3/2006 Sales CRJ
Sales Return & allowances GJ 53.57 8 SJ
91.28 15 SJ
22 SJ
25 SJ
19 Sales CRJ
20 Sales CRJ

31 Balance √

Account: Notes Payable Account No. 230

Date Explanation F Debit Date Explanation F
1/31/2006 Current portion √ 24,000.00 1/1/2006 Beginning Balance √
31 Balance √

Account: Notes Payable- current Account No. 230

Date Explanation F Debit Date Explanation F
1/31/2006 VR 2,500.00 1/31/2006 √
Balance √

Account: Marquez Capital Account No. 311

Date Explanation F Debit Date Explanation F
1/2/2006 M. Marquez withdrawal PCB 4.04 1/1/2006 Beginning Balance √
 31 Balance √

Account: Marquez Personal Account No. 312

Date Explanation F Debit Date Explanation F
1/12/2006 VR 2,500.00

Account: Banzon Capital Account No. 313

Date Explanation F Debit Date Explanation F
1/2/2006 CRJ

Account: Banzon Personal Account No. 314

Date Explanation F Debit Date Explanation F
1/12/2006 VR 2,500.00
Account: Sales Account No. 411
Date Explanation F Debit Date Explanation F
1/3/2006 CRJ
8 SJ
15 SJ
19 CRJ
20 CRJ
22 SJ
25 SJ
31 Balance √

Account: Sales Returns & Allowances Account No. 412

Date Explanation F Debit Date Explanation F
1/28/2006 GJ 446.43

Account: Sales Discounts Account No. 413

Date Explanation F Debit Date Explanation F
1/28/2006 CRJ 314.29

Account: Purchases Account No. 511

 Date Explanation F Debit Date Explanation F
1/9/2006 VR 7,744.00
16 VR 22,264.00
22 VR 4,259.20
31 Balance √ 34,267.20

Account: Purchase Discount Account No. 513

Date Explanation F Debit Date Explanation F
1/2/2006 CR
20
31 Balance √

Account: Selling Expense Account No. 611

Date Explanation F Debit Date Explanation F
1/1/2006 GJ 419.00
8 VR 250.00
VR 169.00
15 VR 2,700.00
31 VR 530.00
VR 2,700.00
GJ 150.00
GJ 705.59
GJ 374.00
GJ 445.00
GJ 169.17
Balance √ 8,611.76

Account: General Expense Account No. 711

Date Explanation F Debit Date Explanation F
 1/1/2006 GJ 419.00
8 VR 250.00
VR 169.00
15 VR 3,000.00
31 VR 105.00
VR 3,000.00
GJ 954.30
GJ 300.00
GJ 316.70
GJ 348.70
GJ 445.00
GJ 169.16
Balance √ 9,476.86

Account: Interest Income Account No. 811

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √ 12.00

Account: Utilities Payable Account No. 212

Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
GJ
31 GJ
Account: Interest Receivable Account No. 115
Date Explanation F Debit Date Explanation F
1/1/2006 Beginning Balance √
Account No. 111
Credit
7,771.25
15,861.80
3,971.10
1,100.00
500.00
338.00
4,400.00
10,356.75
2,500.00
2,500.00
5,301.00
8,000.00
4,312.00
5,666.67
4,300.00
639.04
4,817.70
25.00
82,360.31

Account No. 112

Credit
4.04
300.00
 50.00
180.00
105.00
639.04

Account No. 114

Credit
5,036.50
2,285.40
3,000.00
10,000.00
5,000.00
17,600.00
500.00
43,421.90

Account No. 114.1

Credit
1,033.60
954.30
1,987.90

Account No. 116

Credit
 74,672.50

Account No. 117

Credit
450.00

Account No. 118

Credit
338.33

Account No. 119

Credit
600.00
Account No. 121
Credit

Account No. 122

Credit

Account No. 122.1

Credit
6,000.00
500.00
6,500.00

Account No. 123

Credit
Account No. 123.1
Credit
3,888.89
388.89
4,277.78

Account No. 124

Credit

Account No. 124.1

Credit
1,467.44
133.40
1,600.84
Account No. 211
Credit
34,068.30
3,971.10
1,100.00
500.00
338.00
4,400.00
4,400.00
2,500.00
2,500.00
5,301.00
25,300.00
8,000.00
17,300.00
4,840.00
5,666.67
4,300.00
639.04
4,817.70
129,941.81

22,140.00

Account No. 214

Credit
3,971.10
483.30
722.70
5,177.10
 1,206.00

Account No. 215

Credit
1,100.00
399.00
399.00
1,898.00
798.00

Account No. 217

Credit
8,333.33

3,416.66

Account No. 219

Credit
8.41
9.43
17.84

Account No. 220

Credit
 707.14
1,767.86
1,131.43
1,885.71
1,060.71
264.00
1,584.00
8,400.85
8,309.57

Account No. 230

Credit
120,000.00
96,000.00

Account No. 230

Credit
24,000.00
21,500.00

Account No. 311

Credit
2,330,004.04
 2,330,000.00

Account No. 312

Credit

Account No. 313

Credit
100,000.00

Account No. 314

Credit
Account No. 411
Credit
5,892.86
14,732.14
9,428.57
1,936.00
11,616.00
15,714.29
8,839.29
68,159.15

Account No. 412

Credit

Account No. 413

Credit

Account No. 511

 Credit

Account No. 513

Credit
70.09
78.57
148.66

Account No. 611

Credit

Account No. 711

Credit
Account No. 811
Credit

Account No. 212

Credit
838.00
838.00
890.00
Account No. 115
Credit
12.00