GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR DEBIT

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

19 Notes Receivable 110 33,600.00

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

31 Allowance for Uncollectible Accounts 113 6,720.00

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

31 Output VAT 230-2 212,335.20

Input VAT 230-1
Value-Added Tax Payable 230
To record VAT payable
 page 25

CREDIT

PhP 4,480.00

###

###

89,284.80
123,050.40
 SALES JOURNAL

DEBIT CREDITS
SALES POST.
DATE ACCOUNT DEBITED ACCOUNTS
INVOICE # REF OUTPUT TAX
RECEIVABLE
2015
Oct. 1 0254 Cardenas Marketing / PhP 56,000.00 PhP 6,000.00
4 0255 Del Mundo Shirts Station / 22,400.00 2,400.00
12 0256 Modesto Bargain House / 53,760.00 5,760.00
16 0257 Selisana Garments / 100,800.00 10,800.00
19 0258 Marasigan Enterprises / 64,960.00 6,960.00
29 0259 Modesto Bargain House / 89,600.00 9,600.00
31 0260 Lianza Outfitters / 76,160.00 8,160.00
### PhP49,680.00
(112) (230-2)
 page 13

CREDITS

SALES

PhP 50,000.00
20,000.00
48,000.00
90,000.00
58,000.00
80,000.00
68,000.00
PhP414,000.00
(400)
 VOUCHER REGIST
CREDITS
VOUCHER DATE
PAYEE TERMS VOUCHERS
CK. PAYABLE
NO. DATE PAID
NO.
2015 2010
0205 Oct. 2 Blanche Manufacturing Company 2/15, n/60 Cancelled V#209 PhP 179,200.00
0206 2 Tria Forwarders Cash Oct. 2 81191 1,120.00
0207 4 Cayanan Services Cash 4 81193 2,688.00
0208 5 Budoy Shirt Factory n/30 22,848.00
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

0211 15 Kashato Shirts Employees Cash 15 81199 94,852.54

0212 15 Geron Merchandising COD 15 81200 6,720.00

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

0215 18 Dulay Repairs Cash 18 81204 5,600.00

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

0219 23 Villon Supplies COD 23 81207 7,100.80

0220 24 Burgos Shirts 1/15,n/60 112,000.00
0221 26 Blanche Manufacturing Company 2/15,n/60 206,080.00
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

0225 30 Bobadilla Telephone Co. Cash 30 81214 8,176.00
0226 30 People's Journal Cash 30 81215 8,960.00
0227 31 Kashato Shirts Employees Cash 31 81216 94,852.54
0228 31 SSS and EC Contribution 15,650.00

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 PhP2,042,759.90
(240)
0233 31 BIR 123,050.20
2,231,505.02
2,042,509.00
VOUCHER REGISTER
DEBITS
OTHERS

PURCHASES INPUT TAX

ACCOUNT TITLE PR DEBIT

PhP 160,000.00 PhP 19,200.00

120.00 Transportation-in 501 PhP 1,000.00
288.00 Repairs and Maintenance Expense 605 2,400.00
20,400.00 2,448.00
Vouchers Payable 240 179,200.00
Purchases Returns & Allowances 503
Input Tax 230-1

4,320.00 Furniture and Fixtures 150 36,000.00

Salaries Expense 610 116,500.00
SSS and EC Contributions Payable 211
Philhealth Contributions Payable 212
PAG-IBIG Contributions Payable 213
Withholding Tax Payable 214
720.00 Supplies 130 6,000.00
120,000.00 14,400.00
Vouchers Payable 240 40,320.00
Furniture and Fixtures 150
Input Tax 230-1

600.00 Repairs and Maintenance Expense 605 5,000.00

100,000.00 12,000.00
360.00 Transportation-in 501 3,000.00
Interest Expense 650 3,833.33
Notes Payable 200 500,000.00
Interest Payable 201 16,166.67
760.80 Supplies 130 6,340.00
100,000.00 12,000.00
184,000.00 22,080.00
Theresa Ballada, Withdrawals 301 160,000.00
Supplies 130 5,432.00
Miscellaneous Expense 640 784.00
1,800.00 Utilities Expense 604 15,000.00
876.00 Utilities Expense 604 7,300.00
960.00 Advertising Expense 600 8,000.00
Salaries Expense 610 116,500.00
SSS and EC Contributions Payable 211
Philhealth Contributions Payable 212
PAG-IBIG Contributions Payable 213
Withholding Tax Payable 214
 SSS and EC Contributions Expense 611 10,563.60
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 684,400.00 PhP 92,932.80 PhP1,331,122.02
(500) (230-1) (/)
Value-Added Tax Payable 230 123,050.20
2,231,505.02
 page 25

CREDIT

PhP 10,000.00
1,200.00

2,543.20
1,293.75
450.00
17,360.51

10,000.00
1,200.00

2,543.20
1,293.75
450.00
17,360.51
PhP 65,694.92
(/)
 CASH RECIEPTS JOU

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

26 0240 Selisana Garments 98,784.00 216.00 1,800.00

30 0241 Cardenas Marketing 56,000.00
31 Cash Sales 567,952.00
31 0242 Marasigan Enterprises 64,960.00
PhP 2,442,067.20 PhP 676.80 PhP 5,640.00
(100) (230-2) (401)
2,448,384.00
 page 13
RECIEPTS JOURNAL

CREDITS
ACCOUNTS OTHER ACCOUNTS
OUTPUT TAX SALES
RECIEVABLE ACCOUNT TITLE F AMOUNT

PhP 89,600.00 /
44,800.00 /
PhP 44,832.00 PhP 373,600.00
26,880.00 /
11,200.00 /
78,400.00 /
36,960.00 308,000.00
17,920.00 /
35,220.00 293,500.00
53,760.00 /
Notes Receivable 110 240,000.00
Interest Income 410 1,600.00
Interest Receivable 111 2,400.00
100,800.00 /
56,000.00 /
60,852.00 507,100.00
64,960.00 /
PhP544,320.00 PhP177,864.00 PhP 1,482,200.00 PhP244,000.00
(112) (230-2) (400) (/)
2,448,384.00
 CHECK REGISTER

DEBITS CREDITS
CHECK
PAYEE Vo. VOUCHERS PURCHASES
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
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
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
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
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
PhP1,836,514.90 PhP10,400.00
(240) (502)
1,836,514.90 1,836,514.90
 page 14

CREDITS

INPUT TAX CASH

PhP 1,120.00
26,880.00
2,688.00

PhP 480.00 219,520.00

34,721.02
15,650.00
5,175.00
120.00 110,880.00
94,852.54
6,720.00
44,800.00
1,800.00
360.00 164,640.00
5,600.00
3,360.00
520,000.00
7,100.80
24,640.00
63,003.00
288.00 131,712.00
160,000.00
6,216.00
16,800.00
8,176.00
8,960.00
94,852.54
45,000.00
PhP1,248.00 PhP1,824,866.90
(230-1) (100)
 CHECK SUMMARY
DATE CHECK NO. PARTICULARS DEPOSIT
2015
Sept. 30 Balance Brought Forward
Oct. 2 Del Mundo Shirts Station PhP 87,808.00
2 81191 Tria Forwarders
3 81192 Camiseria Rivadelo
4 81193 Cayanan Services
5 81194
6 Selisana Garments 43,904.00
9 Cash Sales 418,432.00
9 Modesto Bargain House 26,342.40
9 Virtudazo Commercial 11,200.00
9 81195 Ruiz Marketing
10 81196 BIR
10 81197 Social Security System
13 Marasigan Enterprises 78,400.00
13 81198 Gaston Trading
15 81199 Semi-monthly Payroll
15 81200 Geron Merchandising
15 81201 Burgos Shirts
15 81202 PAG-IBIG Fund
16 Cash Sales 344,960.00
17 81203 Blanche Manufacturing Company
18 81204 Dulay Repairs
20 Cardenas Marketing 17,920.00
22 81205 Galang Freight Services
23 Cash Sales 328,720.00
23 Modesto Bargain House 52,684.80
23 81206 Dona Seechua Dev't Bank
23 81207 Villon Supplies
24 81208 Barbo Wears
25 Pateno Sales 244,000.00
25 81209 BIR
26 81210 Ruiz Marketing
27 Selisana Garments 98,784.00
29 81211 Theresa Ballada
29 81212 Romanor Gatmaitan
30 81213 Meralco
30 81214 Bobadilla Telephone Co.
30 81215 People's Journal
31 Cardenas Marketing 56,000.00
31 Semi-Monthly Payroll
31 Theresa Ballada
Nov. 1 Cash Sales 567,952.00
Nov. 1 Marasigan Enterprises 64,960.00
ARY
WITDRAWAL BALANCE

PhP 237,052.36
324,860.36
PhP 1,120.00 323,740.36
26,880.00 296,860.36
2,688.00 294,172.36
294,172.36
338,076.36
756,508.36
782,850.76
794,050.76
219,520.00 574,530.76
34,721.02 539,809.74
15,650.00 524,159.74
602,559.74
110,880.00 491,679.74
66,033.73 425,646.01
6,720.00 418,926.01
44,800.00 374,126.01
1,800.00 372,326.01
717,286.01
164,640.00 552,646.01
5,600.00 547,046.01
564,966.01
3,360.00 561,606.01
890,326.01
943,010.81
520,000.00 423,010.81
7,100.80 415,910.01
24,640.00 391,270.01
635,270.01
63,003.00 572,267.01
131,712.00 440,555.01
539,339.01
160,000.00 379,339.01
6,216.00 373,123.01
16,800.00 356,323.01
8,176.00 348,147.01
8,960.00 339,187.01
395,187.01
66,033.73 329,153.28
45,000.00 284,153.28
852,105.28
917,065.28
 GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR

2015 ADJUSTMENTS
a. Interest Receivable
Interest Income

b. Uncollectible Accounts Expense

Allowance for Uncollectible Accounts

c. Supplies Expense
Supplies

d. Prepaid Insurance
Insurance Expense

e Rent Expense
Prepaid Rent

f Dep. Exp. - Furniture and Fixture

Accum. Dep. - Furniture & Fixture
Dep. Exp. - Equipment
Accum. Dep. - Equipment
Dep. Exp - Service vehicle
Accum. Dep. - Service Vehicle

g Cash
Accounts Receivable

h Voucher's Payable
SSS and EC Contribution Payable
Philhealth Contribution Payable
PAG-IBIG Contribution Payable
Withholding Tax Payable
Value Added Tax Payable
Accounts Payable
 page 25

DEBIT CREDIT

PhP 134.40
PhP 134.40

4,771.20
4,771.20

22,772.00
22,772.00

2,750.00
2,750.00

50,000.00
50,000.00

7,056.00
7,056.00
12,250.00
12,250.00
5,500.00
5,500.00

22,400.00
22,400.00

637,231.74
11,135.00
3,525.00
1,800.00
15,673.00
123,050.40
482,048.34
DATE ACCOUNT TITLES AND EXPLANATION PR
2015 BANK RECONCILIATION
a. Notes Receivable
Accounts Receivable
(to record notes collected)

Cash
Notes Receivable
(to record notes collected)

c. Accounts Payable
Cash
(to record or to reclassify DAUD)
 DEBIT CREDIT

PhP 45,000.00
PhP 45,000.00

PhP 45,000.00
PhP 45,000.00

33,936.00
33,936.00
 GENERAL JOURNAL

DATE ACCOUNT TITLES AND EXPLANATION PR

2015 CLOSING ENTRIES
10/31/2015 Mercchandise iventory, End
Sales
Purchases Discounts
Purchases Returns and Allowances
Interest Income
Income Summary
to close temporary accounts with credit balances and established ending inventory
10/31/2015 Income Summary
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
10/31/2015 Income Summary
Therese Ballada, Capital
To close the income summary account
10/31/2015 Therese Ballada, Capital
Therese Ballada, Withdrawals
 page 25
L

DEBIT CREDIT

763,642.00
1,779,100.00
10,400.00
10,000.00
1,734.40
2,564,876.40

1,880,857.33
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
684019.07

205,000.00
205,000.00