page 25

GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR DEBIT CREDIT

2015
Oct. 4 Sales Returns and Allowances 402 PhP 4,000.00
Output Tax 230-2 480.00
Accounts Recievable - Selisana Garments 006/ PhP 4,480.00
Credit Memo (Allowance for defective merchandise)

19 Notes Receivable 110 33,600.00

Accounts Receivable - Virtudazo Commercial 007/ 33,600.00
To record receipts of notes payable

31 Allowance for Uncollectible Accounts 113 6,720.00

Accounts Receivable - Dela Torre Store 002/ 6,720.00
To record write-off uncollectible

31 Output VAT 230-2 212,335.20

Input VAT 230-1 89,284.80
Value-Added Tax Payable 230 123,050.40
To record VAT payable
 page 13
SALES JOURNAL

DEBIT CREDITS
SALES POST.
DATE ACCOUNT DEBITED ACCOUNTS
INVOICE # REF OUTPUT TAX SALES
RECEIVABLE
2015
Oct. 1 0254 Cardenas Marketing / PhP 56,000.00 PhP 6,000.00 PhP 50,000.00
4 0255 Del Mundo Shirts Station / 22,400.00 2,400.00 20,000.00
12 0256 Modesto Bargain House / 53,760.00 5,760.00 48,000.00
16 0257 Selisana Garments / 100,800.00 10,800.00 90,000.00
19 0258 Marasigan Enterprises / 64,960.00 6,960.00 58,000.00
29 0259 Modesto Bargain House / 89,600.00 9,600.00 80,000.00
31 0260 Lianza Outfitters / 76,160.00 8,160.00 68,000.00
PhP 463,680.00 PhP 49,680.00 PhP 414,000.00
(112) (230-2) (400)
 VOUCHER REGISTER
CREDITS DEBITS
VOUCHER DATE
PAYEE TERMS VOUCHERS
CK. PURCHASES INPUT TAX
NO. DATE PAID PAYABLE
NO.
2015 2010
0205 Oct. 2 Blanche Manufacturing Company 2/15, n/60 Cancelled V#209 PhP 179,200.00 PhP 160,000.00 PhP 19,200.00
0206 2 Tria Forwarders Cash Oct. 2 81191 1,120.00 120.00
0207 4 Cayanan Services Cash 4 81193 2,688.00 288.00
0208 5 Budoy Shirt Factory n/30 22,848.00 20,400.00 2,448.00
0209 5 Blanche Manufacturing Company 2/15,n/60 17 81203 168,000.00

0210 12 Medina office Systems n/30 Cancelled V#214 40,320.00 4,320.00

0211 15 Kashato Shirts Employees Cash 15 81199 94,852.54

0212 15 Geron Merchandising COD 15 81200 6,720.00 720.00

0213 16 Ruiz Marketing 2/10,n/30 26 81210 134,400.00 120,000.00 14,400.00
0214 17 Medina Office Systems n/30 29,120.00

0215 18 Dulay Repairs Cash 18 81204 5,600.00 600.00

0216 20 Camisera Rivadelo n/30 112,000.00 100,000.00 12,000.00
0217 22 Galang Freight Services Cash 22 81205 3,360.00 360.00
0218 23 Dona Seechua Development Bank Cash 23 81206 520,000.00

0219 23 Villon Supplies COD 23 81207 7,100.80 760.80

0220 24 Burgos Shirts 1/15,n/60 112,000.00 100,000.00 12,000.00
0221 26 Blanche Manufacturing Company 2/15,n/60 206,080.00 184,000.00 22,080.00
0222 29 Theresa Ballada Cash 29 81211 160,000.00
0223 29 Romanor Gatmaitan (petty cash) Cash 29 81212 6,216.00

0224 30 Meralco Cash 30 81213 16,800.00 1,800.00

0225 30 Bobadilla Telephone Co. Cash 30 81214 8,176.00 876.00
0226 30 People's Journal Cash 30 81215 8,960.00 960.00
0227 31 Kashato Shirts Employees Cash 31 81216 94,852.54
0228 31 SSS and EC Contribution 15,400.00

0229 31 PhilHealth Contribution 5,175.00

0230 31 PAG-IBIG Contribution 1,800.00

0231 31 BIR 34,721.02

0232 31 Theresa Ballada Cash 31 81217 45,000.00
2042509.9 PhP 2,042,509.90 PhP 684,400.00 PhP 92,932.80
(240) (500) (230-1)
0233 31 BIR 123,050.20
2,231,255.02 2,231,255.02
2,042,509.00
 page 25

OTHERS

ACCOUNT TITLE PR DEBIT CREDIT

Transportation-in 501 PhP 1,000.00

Repairs and Maintenance Expense 605 2,400.00

Vouchers Payable 240 179,200.00

Purchases Returns & Allowances 503 PhP 10,000.00
Input Tax 230-1 1,200.00
Furniture and Fixtures 150 36,000.00
Salaries Expense 610 116,500.00
SSS and EC Contributions Payable 211 2,543.20
Philhealth Contributions Payable 212 1,293.75
PAG-IBIG Contributions Payable 213 450.00
Withholding Tax Payable 214 17,360.51
Supplies 130 6,000.00

Vouchers Payable 240 40,320.00

Furniture and Fixtures 150 10,000.00
Input Tax 230-1 1,200.00
Repairs and Maintenance Expense 605 5,000.00

Transportation-in 501 3,000.00

Interest Expense 650 3,833.33
Notes Payable 200 500,000.00
Interest Payable 201 16,166.67
Supplies 130 6,340.00

Theresa Ballada, Withdrawals 301 160,000.00

Supplies 130 5,432.00
Miscellaneous Expense 640 784.00
Utilities Expense 604 15,000.00
Utilities Expense 604 7,300.00
Advertising Expense 600 8,000.00
Salaries Expense 610 116,500.00
SSS and EC Contributions Payable 211 2,543.20
Philhealth Contributions Payable 212 1,293.75
PAG-IBIG Contributions Payable 213 450.00
Withholding Tax Payable 214 17,360.51
SSS and EC Contributions Expense 611 10,313.60
SSS and EC Contributions Payable 211 5,086.40
PhilHealth Contributions Expense 612 2,587.50
Philhealth Contributions Payable 212 2,587.50
PAG-IBIG Contributions Expense 613 900.00
PAG-IBIG Contributions Payable 213 900.00
Witholding Taxes Payable 214 34,721.02
Theresa Ballada, Withdrawals 301 45,000.00
PhP 1,330,872.02 PhP 65,694.92
(/) (/)
Value-Added Tax Payable 230 123,050.20
 CASH RECIEPTS JOURNAL

DEBITS
DATE OR # DESCRIPTION SALES ACCOUNTS
CASH OUTPUT TAX DISCOUNTS OUTPUT TAX
RECIEVABLE
2015
Oct. 1 0232 Del Mundo Shirts Station PhP 87,808.00 PhP 192.00 PhP 1,600.00 PhP 89,600.00
5 0233 Selisana Garments 43,904.00 96.00 800.00 44,800.00
8 Cash Sales 418,432.00 PhP 44,832.00
8 0234 Modesto Bargain House 26,342.40 57.60 480.00 26,880.00
8 0235 Virtudazo Commercial 11,200.00 11,200.00
12 0236 Marasigan Enterprises 78,400.00 78,400.00
15 Cash Sales 344,960.00 36,960.00
19 0237 Cardenas Marketing 17,920.00 17,920.00
22 Cash Sales 328,720.00 35,220.00
22 0238 Modesto Bargain House 52,684.80 115.20 960.00 53,760.00
24 0239 Pateno Sales 244,000.00

26 0240 Selisana Garments 98,784.00 216.00 1,800.00 100,800.00

30 0241 Cardenas Marketing 56,000.00 56,000.00
31 Cash Sales 567,952.00 60,852.00
31 0242 Marasigan Enterprises 64,960.00 64,960.00
PhP 2,442,067.20 PhP 676.80 PhP 5,640.00 PhP 544,320.00 PhP 177,864.00
(100) (230-2) (401) (112) (230-2)
2,448,384.00 2,448,384.00
 page 13

CREDITS
OTHER ACCOUNTS
SALES
ACCOUNT TITLE F AMOUNT

/
/
PhP 373,600.00
/
/
/
308,000.00
/
293,500.00
/
Notes Receivable 110 240,000.00
Interest Income 410 1,600.00
Interest Receivable 111 2,400.00
/
/
507,100.00
/
PhP 1,482,200.00 PhP 244,000.00
(400) (/)
 CHECK REGISTER

DEBITS CREDITS
CHECK
PAYEE Vo.
VOUCHERS PURCHASES INPUT TAX
NO. DATE No. PAYABLE DISCOUNTS
2015
081191 0ct.2 Tria Forwarders 206 PhP 1,120.00
081192 3 Camisera Rivadelo 193 26,880.00
081193 4 Cayanan Services 207 2,688.00
081194 4 Social Security System 200
081195 9 Ruiz Marketing 193 224,000.00 PhP 4,000.00 PhP 480.00
081196 10 BIR 200 34,721.02
081197 10 Social Security System 201 15,650.00
081197 11 Philhelath 202 5,175.00
081198 13 Gascon Trading 199 112,000.00 1,000.00 120.00
081199 15 Kashato Shirts Employees 211 94,852.54
081200 15 Geron Merchandising 212 6,720.00
081201 15 Burgos Shirts 197 44,800.00
081202 15 PAG-IBIG 203 1,800.00
081203 17 Blanche Manufacturing Co. 209 168,000.00 3,000.00 360.00
081204 18 Dulay Repairs 215 5,600.00
081205 22 Galang Freight Services 217 3,360.00
081206 23 Dona Seechua Dev't Bank 218 520,000.00
081207 23 Villon Supplies 219 7,100.80
081208 24 Barbo Wears 195 24,640.00
081209 25 BIR 204 63,003.00
081210 26 Ruiz Marketing 213 134,400.00 2,400.00 288.00
081211 29 Theresa Ballada 222 160,000.00
081212 29 Romanor Gatamaitan 223 6,216.00
081213 30 Meralco 224 16,800.00
081214 30 Bobadilla Telephone Co. 225 8,176.00
081215 30 People's Journal 226 8,960.00
081216 31 Kashato Shirts Payroll 227 94,852.54
081217 31 Theresa Ballada 232 45,000.00
PhP 1,836,514.90 PhP 10,400.00 PhP 1,248.00
(240) (502) (230-1)
1,836,514.90 1,836,513.90
 page 14

CREDITS

CASH

PhP 1,120.00
26,880.00
2,688.00

219,520.00
34,721.02
15,650.00
5,174.00
110,880.00
94,852.54
6,720.00
44,800.00
1,800.00
164,640.00
5,600.00
3,360.00
520,000.00
7,100.80
24,640.00
63,003.00
131,712.00
160,000.00
6,216.00
16,800.00
8,176.00
8,960.00
94,852.54
45,000.00
PhP 1,824,865.90
(100)
 CHECK SUMMARY
DATE CHECK NO. PARTICULARS DEPOSIT WITDRAWAL BALANCE
2015
Sept. 30 Balance Brought Forward PhP 237,052.36
Oct. 2 Del Mundo Shirts Station PhP 87,808.00 324,860.36
2 81191 Tria Forwarders PhP 1,120.00 323,740.36
3 81192 Camiseria Rivadelo 26,880.00 296,860.36
4 81193 Cayanan Services 2,688.00 294,172.36
5 81194 294,172.36
6 Selisana Garments 43,904.00 338,076.36
9 Cash Sales 418,432.00 756,508.36
9 Modesto Bargain House 26,342.40 782,850.76
9 Virtudazo Commercial 11,200.00 794,050.76
9 81195 Ruiz Marketing 219,520.00 574,530.76
10 81196 BIR 34,721.02 539,809.74
10 81197 Social Security System 15,650.00 524,159.74
13 Marasigan Enterprises 78,400.00 602,559.74
13 81198 Gaston Trading 110,880.00 491,679.74
15 81199 Semi-monthly Payroll 66,033.73 425,646.01
15 81200 Geron Merchandising 6,720.00 418,926.01
15 81201 Burgos Shirts 44,800.00 374,126.01
15 81202 PAG-IBIG Fund 1,800.00 372,326.01
16 Cash Sales 344,960.00 717,286.01
17 81203 Blanche Manufacturing Company 164,640.00 552,646.01
18 81204 Dulay Repairs 5,600.00 547,046.01
20 Cardenas Marketing 17,920.00 564,966.01
22 81205 Galang Freight Services 3,360.00 561,606.01
23 Cash Sales 328,720.00 890,326.01
23 Modesto Bargain House 52,684.80 943,010.81
23 81206 Dona Seechua Dev't Bank 520,000.00 423,010.81
23 81207 Villon Supplies 7,100.80 415,910.01
24 81208 Barbo Wears 24,640.00 391,270.01
25 Pateno Sales 244,000.00 635,270.01
25 81209 BIR 63,003.00 572,267.01
26 81210 Ruiz Marketing 131,712.00 440,555.01
27 Selisana Garments 98,784.00 539,339.01
29 81211 Theresa Ballada 160,000.00 379,339.01
29 81212 Romanor Gatmaitan 6,216.00 373,123.01
30 81213 Meralco 16,800.00 356,323.01
30 81214 Bobadilla Telephone Co. 8,176.00 348,147.01
30 81215 People's Journal 8,960.00 339,187.01
31 Cardenas Marketing 56,000.00 395,187.01
31 Semi-Monthly Payroll 66,033.73 329,153.28
31 Theresa Ballada 45,000.00 284,153.28
Nov. 1 Cash Sales 567,952.00 852,105.28
Nov. 1 Marasigan Enterprises 64,960.00 917,065.28
 page 25
GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR DEBIT CREDIT

2015 ADJUSTMENTS
a. Interest Receivable PhP 134.40
Interest Income PhP 134.40

b. Uncollectible Accounts Expense 4,771.20

Allowance for Uncollectible Accounts 4,771.20

c. Supplies Expense 22,772.00

Supplies 22,772.00

d. Prepaid Insurance 2,750.00

Insurance Expense 2,750.00

e Rent Expense 50,000.00

Prepaid Rent 50,000.00

f Dep. Exp. - Furniture and Fixture 7,056.00

Accum. Dep. - Furniture & Fixture 7,056.00
Dep. Exp. - Equipment 12,250.00
Accum. Dep. - Equipment 12,250.00
Dep. Exp - Service vehicle 5,500.00
Accum. Dep. - Service Vehicle 5,500.00

g Cash 22,400.00
Accounts Receivable 22,400.00

h Voucher's Payable 637,231.74

SSS and EC Contribution Payable 11,135.00
Philhealth Contribution Payable 3,525.00
PAG-IBIG Contribution Payable 1,800.00
Withholding Tax Payable 15,673.00
Value Added Tax Payable 123,050.40
Accounts Payable 482,048.34
DATE ACCOUNT TITLES AND EXPLANATION PR DEBIT
2015 BANK RECONCILIATION
a. Notes Receivable PhP 45,000.00
Accounts Receivable
(to record notes collected)

Cash PhP 45,000.00

Notes Receivable
(to record notes collected)
33,936.00
c. Accounts Payable
Cash
(to record or to reclassify DAUD)
 CREDIT

PhP 45,000.00

PhP 45,000.00

33,936.00
 GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR DEBIT

2010 CLOSING ENTRIES
10/31/2010 Mercchandise iventory, End 763,642.00
Sales 1,779,100.00
Purchases Discounts 10,400.00
Purchases Returns and Allowances 10,000.00
Interest Income 1,734.40
Income Summary
to close temporary accounts with credit balances and established ending inventory
10/31/2010 Income Summary 1,880,857.33
Mercchandise iventory, Beg
Sales Discounts
Sales Returns and Allowances
Purchases
Transportation IN
Advertising Expense
Supplies Expense
Insurance Expense
Rent Expense
Utilities Expense
Repairs and maintenance Expense
Salaries Expense
SSS and EC Contribution Expense
Philhealth Contribution Expense
PaG-IBIG Contribution Expense
Uncollectible Accounts Expense
Dep. Exp. - Furniture and Fixture
Dep. Exp. - Equipment
Dep. Exp - Service vehicle
Miscellaneous Expense
Interest Expense
to close temporary accounts with debit balances and remove beginning inventory
10/31/2010 Income Summary 684019.07
Therese Ballada, Capital
To close the income summary account
10/31/2010 Therese Ballada, Capital 205,000.00
Therese Ballada, Withdrawals
 page 25

CREDIT

2,564,876.40

PhP 871,200.00
5,640.00
4,000.00
684,400.00
4,000.00
8,000.00
22,772.00
2,750.00
50,000.00
22,300.00
7,400.00
154,320.00
7,218.30
1,762.50
900.00
4,771.20
7,056.00
12,250.00
5,500.00
784.00
3,833.33

684019.07

205,000.00