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Bookkeeping UM

1) The document appears to contain journal entries for sales, purchases, cash receipts, cash payments, and general journal entries for a business for the month of December. 2) It includes information on customers and amounts for accounts receivable from sales, vendors and amounts for accounts payable from purchases. 3) The general journal entries record adjustments for prepaid rent, supplies, depreciation, inventory, VAT payable, and closing entries to income and expense accounts.

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104 views

Bookkeeping UM

1) The document appears to contain journal entries for sales, purchases, cash receipts, cash payments, and general journal entries for a business for the month of December. 2) It includes information on customers and amounts for accounts receivable from sales, vendors and amounts for accounts payable from purchases. 3) The general journal entries record adjustments for prepaid rent, supplies, depreciation, inventory, VAT payable, and closing entries to income and expense accounts.

Uploaded by

Arlyn Indog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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97%

Sales Journal
Date Customer Terms Inv # F A/R debit
Dec. 02 Matthew 3/20, n/40 316 291,000
Dec. 08 John 3/20, n/40 317 436,500
Dec. 18 Peter 3/20, n/40 319 475,300
Dec. 23 Matthew 3/20, n/40 320 184,300
Total 1,387,100

Purchases Journal
Date Purchases from Terms Inv # Purchases (dr)
Dec. 03 Mark 3/20, n/40 18931 129,911
Dec. 11 Titus 3/20, n/40 98108 173,214
Dec. 17 Luke 3/20, n/40 74191 77,946
Dec. 25 Paul 3/20, n/40 13401 216,518
Dec. 28 Titus 3/20, n/40 41510 207,857
Dec. 30 Mark 3/20, n/40 1231 190,536
Total 995,982

Cash Receipt Jour

Cash (dr) Sales Discount


Date Particular Ref
Dec. 5 Sosthenes 456 450,000
Dec. 10 Peter 457 262,500
Dec. 10 Matthew 458 291,000
Dec. 13 Timothy 318 130,000
Dec. 24 Cyril 321 120,000
Dec. 25 John 460 436,500
Dec. 27 Davao Bank 200,000
Dec. 30 Samuel 322 200,000
Total 2,090,000

Cash Payment Jou


Cash (cr) Purchases
Date Paid to CV #
Dec. 7 Luke 83 162,500
Dec. 9 David Shipping 10,500

Dec. 11 Mark 84 145,500


Dec. 12 Arthur 85 150,000 133,929
Dec. 14 Toril Bank 86 15,000
Dec. 15 Employees 87 172,500

Dec. 19 Jude 88 50,000


Dec. 22 89 85,500

Dec. 26 Luke 91 87,300


Total 878,800 133,929

General Journal
Date Particulars F Debit
Dec. 01 Office Equipment
Charmaine, Capital
To record additional investment

Dec. 31 Rent Expense


Prepaid Rent
To adjust prepaid rent

Dec. 31 Office Supplies Expense


Office Suppplies
To adjust office supplies

Dec. 31 Depreciation Expense


Accumulated Depreciation-Equipment
Accumulated Depreciation-building
To recognize Depreciation for the month

Dec. 31 Merchandise Inventory-BS


Merchandise Inventory-IS
To recognize year-end inventory

Dec. 31 Output Tax


Input Tax
VAT Payable
To establish VAT payable

Dec. 31 Sales
Merchandise Inventory-IS
Income Summary
Purchases
Freight In
Salaries Expense
Rent Expense
Supplies Expense
Depreciation Expense
Interest Expense
Merchendise Inventory
To close all income statement accounts

Charmaine, Capital
Income Summary
Jude, Withdrawal
To close all income summary and withdrawal
Sales credit Output Tax
259,821 31,179 300,000
389,732 46,768 450,000
424,375 50,925 490,000
164,554 19,746 190,000
1,238,482 148,618

12% 97%

Input Tax (dr) A/P (cr)


15,589 145,500 150,000
20,786 194,000 200,000
9,354 87,300 90,000
25,982 242,500 250,000
24,943 232,800 240,000
22,864 213,400 220,000
119,518 1,115,500

Cash Receipt Journal


Sundry
Accounts Receivable Cash Sales
Account Debit Credit
401,786 Output Tax 48,214
262,500
291,000
116,071 Output Tax 13,929
107,143 Output Tax 12,857
436,500
Notes Payable-NC 200,000
178,571 Output Tax 21,429
990,000 803,571 296,429

Cash Payment Journal


Sundry
Accounts Payable
Account F Debit Credit
162,500
Freight In 9,375
Input Tax 1,125
145,500
Input Tax 16,071
Interest Expense 15,000
Salaries Expense 200,000
Pag-ibig Payable 4,000
SSS Payable 4,000
PhiliHealth Payable 2,500
Withholdomg Tax Payable 17,000
Charmaine, Withdrawal 50,000
Rent Expense 80,357
Input Tax 9,643
Withholdomg Tax Payable 4,500

87,300
395,300 381,571 32,000

Debit Credit
45,000
45,000

57,500
57,500

155,000
155,000

94,000
41,500
52,500

500,000
500,000

301,297
183,857
117,440

2,042,054
50,000
504,090
1,129,911
9,375
200,000
80,357
155,000
94,000
15,000
912,500

554,090
504,090
50,000
318,750

96,429 1,890,000
529,229
9,375
15,000
172,500
50,000
2,172,354 1,113,896
200,000
2,372,354
1,632,646 255,000
610,300
270,000
1,135,300

26,839
21,500
GENERAL LEDGER

CASH
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 318,750 318,750
Dec. 31 CRJ 2,090,000 2,408,750
Dec. 31 CDJ 878,800 1,529,950

MERCHANDISE INVENTORY
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 912,500

OFFICE SUPPLIES
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 200,000 200,000
Dec. 31 GJ 155,000 45,000

OOFICE EQUIPMENT
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 1,250,000 1,250,000
Dec. 01 GJ 45,000 1,295,000
BUILDING
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 2,625,000

NOTES PAYABLE-CURRENT
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 500,000

OUTPUT TAX
Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 56,250 56,250
Dec. 31 SJ 148,618 204,868
Dec. 31 CRJ 96,429 301,297

SSS PAYABLE
Date Particular F Debit Credit Balance
Dec. 31 CDJ 4,000 4,000
WITHHODING TAX PAYABLE
Date Particular F Debit Credit Balance
Dec. 31 CDJ 21,500 21,500
Dec. 32

NOTES PAYABLE-NON CURRENT


Date Particular F Debit Credit Balance
Dec. 01 Begining Balance 850,000 850,000
Dec. 31 CRJ 200,000 1,050,000

CHARMANE, WITHDRAWALS
Date Particular F Debit Credit Balance
Dec. 31 CDJ 50,000 50,000

SALES
Date Particular F Debit Credit Balance
Dec. 31 SJ 1,238,482 1,238,482
Dec. 31 CRJ 803,571 2,042,054

FREIGHT IN
Date Particular F Debit Credit Balance
Dec. 31 CPJ 9,375 9,375

RENT EXPENSE
Date Particular F Debit Credit Balance
Dec. 31 CDJ 80,357 80,357
57,500 137,857

DEPRECIATION EXPENSE
Date Particular F Debit Credit Balance
Dec. 31 GJ 94,000 94,000

CASH
Date Particular F Debit Credit Balance

CASH
Date Particular F Debit Credit Balance
CASH
Date Particular F Debit Credit Balance

CASH
Date Particular F Debit Credit Balance

CASH
Date Particular F Debit Credit Balance
ACCOUNTS RECEIVABLE
Date Particular F Debit Credit
Dec. 01 Begining Balance 262,500
Dec. 31 SJ 1,387,100
CRJ 990,000

PREPAID RENT
Date Particular F Debit Credit
Dec. 01 Begining Balance 112,500
Dec. 31 GJ 57,500

INPUT TAX
Date Particular F Debit Credit
Dec. 01 Begining Balance 37,500
Dec. 31 PJ 119,518
Dec. 31 CDJ 26,839

ACCUM. DEPRECIATION-OFFICE EQUIPMENT


Date Particular F Debit Credit
Dec. 01 Begining Balance 312,500
Dec. 31 GJ 41,500
ACCUM. DEPRECIATION-BUILDING
Date Particular F Debit Credit
Dec. 01 Begining Balance 525,000
Dec. 31 GJ 52,500

ACCOUNTS PAYABLE
Date Particular F Debit Credit
Dec. 01 Begining Balance 162,500
Dec. 31 PJ 1,115,500
Dec. 32 CDJ 395,300

VAT PAYABLE
Date Particular F Debit Credit
Dec. 31 GJ 117,440

PAG-IBIG PAYABLE
Date Particular F Debit Credit
Dec. 31 CDJ 4,000
PHILHEALTH PAYABLE
Date Particular F Debit Credit
Dec. 31 CDJ 2,500

CHARMAINE, CAPITAL
Date Particular F Debit Credit
Dec. 01 Begining Balance 3,312,500
Dec. 31 GJ 45,000

INCOME SUMMARY
Date Particular F Debit Credit

PURCHASES
Date Particular F Debit Credit
Dec. 31 PJ 995,982
Dec. 31 CDJ 133,929

SALARIES EXPENSE
Date Particular F Debit Credit
Dec. 31 CDJ 200,000

OFFICE SUPPLIES EXPENSE


Date Particular F Debit Credit
Dec. 31 GJ 155,000

INTEREST EXPENSE
Date Particular F Debit Credit
Dec. 31 CDJ 15,000

CASH
Date Particular F Debit Credit

CASH
Date Particular F Debit Credit
CASH
Date Particular F Debit Credit

CASH
Date Particular F Debit Credit

CASH
Date Particular F Debit Credit
Balance
262,500
1,649,600
659,600

Balance
112,500
55,000

Balance
37,500
157,018
183,857

Balance
312,500
354,000
Balance
525,000
577,500

Balance
162,500
1,278,000
882,700

Balance
117,440

Balance
4,000
Balance
2,500

Balance
3,312,500
3,357,500

Balance

Balance
995,982
1,129,911
Balance
200,000

Balance
155,000

Balance
15,000

Balance

Balance
Balance

Balance

Balance
Unadjusted Trial Balance
DR
550 Cash 318,750 1,529,950
600 Accounts Receivable 262,500 659,600
650 Merchandise Inventory 912,500 912,500
700 Prepaid Rent 112,500 112,500
750 Office Supplies 200,000 200,000
800 Input Tax 37,500 183,857
1050 Office Equipment 1,250,000 1,295,000
1100 Accum. Depreciation-Office Equipment 312,500
1150 Building 2,625,000 2,625,000
1200 Accum. Depreciation-Building 525,000
1550 Notes Payable-Current 500,000
1600 Accounts Payable 162,500
1650 Output Tax 56,250
1690 VAT Payable
1700 Salaries Payable
1705 Pag-ibig Payable
1710 SSS Payable
1715 Withholding Tax Payable
1720 PhilHealth Payable
1750 Notes Payable-Non Current 850,000
2050 Charmaine, Capital 3,312,500
2100 Charmaine, Withdrawals 50,000
2550 Income Summary
2600 Sales
2650 Purchases 1,129,911
2665 Freught In 9,375
2700 Salaries Expense 200,000
2750 Rent Expense 80,357
2800 Office Supplies Expense
2850 Depreciation Expense
2900 Interest Expense 15,000
5,718,750 5,718,750 9,003,050
Merchandise Inventory-BS
Merchandise Inventory-IS

Net Loss
Unadjusted Trial Balance Adjustment Adjusted Trial Balance Income Statement
CR DR CR DR CR
1,529,950
659,600
912,500 912,500
57,500 55,000
155,000 45,000
183,857
1,295,000
312,500 41,500 354,000
2,625,000
525,000 52,500 577,500
500,000 500,000
882,700 882,700
301,297 301,297
117,440 117,440

4,000 4,000
4,000 4,000
21,500 21,500
2,500 2,500
1,050,000 1,050,000
3,357,500 3,357,500
50,000

2,042,054 2,042,054 2,042,054


1,129,911 1,129,911
9,375 9,375
200,000 200,000
57,500 137,857 137,857
155,000 155,000 155,000
94,000 94,000 94,000
15,000 15,000
9,003,050
500,000 500,000
500,000 500,000 500,000
1,107,797 1,107,797 9,413,193 9,413,194 2,653,643 2,542,054
111,590
2,653,643
Balance Sheet
DR CR
1,529,950 1,529,950
659,600 659,600
500,000
55,000 100,000
45,000 2,789,550

1,295,000 2,988,500
354,000 3,920,000 5,778,050
2,625,000 931,500
577,500 2,988,500
500,000
882,700 1,532,140
1,050,000
117,440 2,582,140
3,195,910
4,000 5,778,050
4,000
21,500
2,500
1,050,000
3,357,500 2,042,054
50,000 1,551,786
490,268
601,857
- 111,590 601,857

500,000

6,759,550 6,871,140
111,590
6,871,140
0
912,500
1,129,911
9,375
2,051,786
500,000
1,551,786
Beinning Owner's Equity 3,312,500
Investment 45,000
Loss 111,590
Withdrawal 50,000
3,195,910

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