Invoice

date Number Accounts Debited Pr Service Revenue Credit Output Tax credit AR Debit
2-Dec 1050 Sweet Tooth Bakeshop 5,500.00 660.00 6,160.00
2-Dec 1051 Soulmate Marketing 6,000.00 720.00 6,720.00
2-Dec 1052 Ace Supplies 5,000.00 600.00 5,600.00
5-Dec 1053 Bestfriends Bakery 5,000.00 600.00 5,600.00
12-Dec 1054 Bestfriends Bakery 5,000.00 600.00 5,600.00
19-Dec 1055 Bestfriends Bakery 5,000.00 600.00 5,600.00
24-Dec 1056 Sweet Tooth Bakeshop 6,500.00 780.00 7,280.00
24-Dec 1057 Soulmate Marketing 6,500.00 780.00 7,280.00
24-Dec 1058 Ace Supplies 5,500.00 660.00 6,160.00
26-Dec 1059 Bestfriends Bakery 5,000.00 600.00 5,600.00

55,000.00 6,600.00 61,600.00

date Or no. Invoice Number Accounts Credited Pr AR credit Serv Rev Credit Output Tax credit Cash debit
3-Dec 1101 COD New Wholesale Store 5,000.00 600.00 5,600.00
3-Dec 1102 COD Arman's Clothing Textile, Inc 4,000.00 480.00 4,480.00
3-Dec 1103 COD Shoeland Store 4,500.00 540.00 5,040.00
3-Dec 1104 1049 Bestfriends bakery 3,360.00 3,360.00
4-Dec 1105 1047 Soulmate marketing 6,720.00 6,720.00
4-Dec 1106 1046 Sweet Tooth Bakeshop 5,600.00 5,600.00
4-Dec 1107 1048 Ace Supplies 5,600.00 5,600.00
8-Dec 1108 COD Frederick Feng 6,000.00 720.00 6,720.00
9-Dec 1109 COD Eduardo Santos 4,466.86 536.02 5,002.88
10-Dec 1110 1053 Bestfriends bakery 5,600.00 5,600.00
11-Dec 1111 1050 Sweet Tooth Bakeshop 6,160.00 6,160.00
11-Dec 1112 1052 Ace Supplies 5,600.00 5,600.00
11-Dec 1113 1051 Soulmate marketing 6,720.00 6,720.00
15-Dec 1114 COD Rosario Mendez 6,500.00 780.00 7,280.00
16-Dec 1115 COD Mercy Flowershop 5,000.00 600.00 5,600.00
16-Dec 1116 COD UK RTW 6,500.00 780.00 7,280.00
17-Dec 1117 1054 Bestfriends bakery 5,600.00 5,600.00
17-Dec 1118 COD Frederick Feng 7,500.00 900.00 8,400.00
22-Dec 1119 COD Ramon Lecumberri 8,500.00 1,020.00 9,520.00
23-Dec 1120 COD Corono Supplies, Inc 5,500.00 660.00 6,160.00
23-Dec 1121 COD Automatick Marketing Center 6,000.00 720.00 6,720.00
24-Dec 1122 1055 Bestfriends bakery 5,600.00 5,600.00
29-Dec 1123 COD Frederick Feng 8,000.00 960.00 8,960.00
30-Dec 1124 COD Mercy Flowershop 5,500.00 660.00 6,160.00
30-Dec 1125 COD UK RTW 4,500.00 540.00 5,040.00
30-Dec 1126 COD Shoeland Store 5,500.00 660.00 6,160.00
31-Dec 1127 COD Frederick Feng 7,000.00 840.00 7,840.00

56,560.00 99,966.86 11,996.02 168,522.88

date CVN Check No. Accounts Debited Pr Sundry Debit (Credit) Input Tax Debit Fuel and Lubr debit Salaries Exp Debit
1-Dec 501 433101 Truck 109 270,000.00 32,400.00
1-Dec 501 433101 Notes Payable (220,000.00)
1-Dec 502 433102 Accounts Payable 201 2,000.00
2-Dec 503 433103 petty cash 102 2,000.00
5-Dec 504 433104 Office Supplies 104 3,500.00 420.00
5-Dec 505 433105 Salaries Expense 501 9,750.00
5-Dec 506 433106 SSS 203
5-Dec 507 433107 Philhealth 203
5-Dec 508 433108 Pag-ibig Fund 203
8-Dec 509 433109 Utilities Payable 205 3,200.00
10-Dec 510 433110 Withholding Tax payable 204
12-Dec 511 433111 Salaries Expense 501 9,750.00
15-Dec 512 433112 Salaries Expense 501 20,825.00
15-Dec 513 433113 Utilities Payable 205 2,114.25
16-Dec 514 433114 fuel and lubr 505 480.00 4,000.00
16-Dec 515 433115 Office Equipment 111 45,000.00 5,400.00
16-Dec 515 433115 Accounts Payable 201 (35,000.00)
18-Dec 516 433116 A, Drawings 302 5,000.00
18-Dec 517 433117 B, Drawings 304 5,000.00
18-Dec 518 433118 C, Drawings 306 5,000.00
19-Dec 519 433119 Salaries Expense 501 9,750.00
26-Dec 520 433120 Salaries Expense 501 9,750.00
29-Dec 521 433121 fuel and lubr 505 480.00 4,000.00
30-Dec 522 433122 Salaries Expense 501 20,825.00
31-Dec 523 433123 petty cash 102 4,239.20

92,053.45 39,180.00 8,000.00 80,650.00

SSS, PH, Pag Ibig Credit Withholding Tax Pay Credit Cash Credit
82,400.00

2,000.00
2,000.00
3,920.00
487.50 1,950.00 7,312.50
(5,280.00) 5,280.00
(2,560.00) 2,560.00
(1,310.00) 1,310.00
3,200.00
(9,365.75) 9,365.75
487.50 1,950.00 7,312.50
1,554.15 1,682.78 17,588.07
2,114.25
4,480.00
15,400.00

5,000.00
5,000.00
5,000.00
487.50 1,950.00 7,312.50
487.50 1,950.00 7,312.50
4,480.00
1,554.15 1,682.78 17,588.07
4,239.20

(4,091.70) 1,799.81 222,175.34

date PVC Accounts Title Amount Output Tax Amount
9-Dec 101 Repairs and Maintenance 1,750.00 210.00 1,960.00
15-Dec 102 Miscellaneous Expense 800.00 96.00 896.00
18-Dec 103 Office Supplies 650.00 78.00 728.00
22-Dec 104 Utilities Payable 585.00 70.20 655.20

3,785.00 454.20 4,239.20

 Beg, Balance T-ACCOUNTS 12/2010
Cash 116,871.20 168,522.88 222,175.34
Petty Cash 2,000.00 6,239.20 4,239.20
Accounts Receivable 21,840.00 61,600.00 56,560.00
Input Tax 39,634.20
Office Supplies 5,680.00 4,150.00
Prepaid Insurance 6,500.00
Land 800,000.00
Building 300,000.00
Accumulated Depreciation - Building 43,750.00
Trucks 750,000.00 270,000.00
Accumulated Depreciation - Trucks 273,437.50
Office Equipment 84,000.00 45,000.00
Accumulated Depreciation - Office Equipment 24,500.00
Furniture and Fixtures 46,500.00
Accumulated Depreciation - Furniture and Fixtures 13,562.50
Accounts Payable 2,000.00 2,000.00 35,000.00
Notes Payable 220,000.00
SSS, PH, Pagibig Funds Payable 9,150.00 4,091.70
Withholding Tax Payable 9,365.75 1,799.81
Output Tax 18,596.02
Mortgage Payable 650,000.00
Anton, Capital 387,614.65
Anton, Drawings 5,000.00
Bobby, Capital 434,894.90
Bobby, Drawings 5,000.00
Carlos, Capital 279,801.65
Carlos, Drawings 5,000.00
Service Revenue 154,966.86
Salaries Expense 80,650.00
Repairs and Maintenance 1,750.00
Fuel and Lubricants 8,000.00
Utilities Expense 585.00
Miscellaneous Expense 800.00
Insurance Expense
Salaries Payable
SSS, PH, Pagibig Funds Contribution
Interest Expense
Interest Payable
Depreciation Expense - Building
Depreciation Expense - Trucks
Depreciation Expense - Office Equipment
Depreciation Expense - Furniture and Fixtures
Office Supplies Expense
Utilities Payable 5,314.25 5,314.25
Income Tax Expense
Income Tax Payable
TOTAL 2,133,391.20 2,133,391.20 713,337.23 713,337.23

Net Income (Loss)

TOTAL ASSETS 1,778,141.20

TOTAL LIABILITIES AND EQUITY 1,778,141.20
 T-ACCOUNTS End, Balance Adjustments Adjusted
53,652.46 63,218.74 63,218.74
2,000.00 4,000.00 4,000.00
5,040.00 26,880.00 26,880.00
39,634.20 39,634.20 39,634.20
4,150.00 9,830.00 5,470.00 4,360.00
6,500.00 1,140.00 5,360.00
800,000.00 800,000.00
300,000.00 300,000.00
43,750.00 1,250.00 45,000.00
270,000.00 1,020,000.00 1,020,000.00
273,437.50 10,625.00 284,062.50
45,000.00 129,000.00 129,000.00
24,500.00 887.50 25,387.50
46,500.00 46,500.00
13,562.50 387.50 13,950.00
33,000.00 35,000.00 1,500.00 36,500.00
220,000.00 220,000.00 220,000.00
4,091.70 5,058.30 6,500.00 11,558.30
1,799.81 11,165.56 11,165.56
18,596.02 18,596.02 18,596.02
650,000.00 650,000.00
387,614.65 387,614.65
5,000.00 5,000.00 5,000.00
434,894.90 434,894.90
5,000.00 5,000.00 5,000.00
279,801.65 279,801.65
5,000.00 5,000.00 5,000.00
154,966.86 154,966.86 154,966.86
80,650.00 80,650.00 5,850.00 86,500.00
1,750.00 1,750.00 1,750.00
8,000.00 8,000.00 1,500.00 9,500.00
585.00 585.00 4,895.00 5,480.00
800.00 800.00 800.00
1,140.00 1,140.00
5,850.00 5850
6,500.00 6,500.00
6,550.00 6,550.00
6,550.00 6,550.00
1,250.00 1,250.00
10,625.00 10,625.00
887.50 887.50
387.50 387.50
5,470.00 5,470.00
5,314.25 - 4,895.00 4,895.00

482,015.15 482,015.15 2,552,347.94 2,552,347.94 45,055.00 45,055.00 2,590,792.94 2,590,792.94

312,171.74 2,090,312.94 2,070,552.94

312,171.74 2,090,312.94 2,070,552.94
 Income Statement

154,966.86
86,500.00
1,750.00
9,500.00
5,480.00
800.00
1,140.00

6,500.00
6,550.00

1,250.00
10,625.00
887.50
387.50
5,470.00

136,840.00 154,966.86

(18,126.86)
1 Depreciation Expense - Building 1,250.00
Accumulated Depreciation - Building 1,250.00

Depreciation Expense - Trucks 10,625.00

Accumulated Depreciation - Trucks 10,625.00

Depreciation Expense - Furniture and Fixtures 387.50

Accumulated Depreciation - Furniture and Fixtures 387.50

Depreciation Expense - Office Equipment 8,775.00

Accumulated Depreciation - Office Equipment 8,775.00

2 Supplies Expense 5,470.00

Office Supplies 5,470.00

3 Insurance Expense 1,140.00

Prepaid Insurance 1,140.00

4 Fuels and Lubricants 1,500.00

Accounts Payable 1,500.00

5 Utilities Expense - Meralco 3,520.00

Utilities Expense - PLDT 1,125.00
Utilities Expense - Maynilad 250.00
Utilities Payable 4,895.00

6 Salaries Expense 5,850.00

Salaries Payable 5,850.00

7 Interest Expense - Notes Payable 2,200.00

Interest Expense - Mortgage Payable 4,350.00
Interest Payable 6,550.00

8 SSS, PH, and Pagibig Contribution 6,500.00

SSS, PH, and Pagibig Fund Payable 6,500.00
Sweet Tooth Bakeshop PETROIL
Date Item PR Debit Credit Balance Date Item PR Debit Credit Balance
1-Dec Balance 6,160.00 1-Dec Balance 2,000.00
2-Dec In 1050 6,160.00 12,320.00 1-Dec CVN 502 2,000.00 -
4-Dec OR 1106 5,600.00 6,720.00
11-Dec OR 1111 6,160.00 560.00 SSS, PH, and Pagibig Fund Payable
24-Dec In 1056 7,280.00 7,840.00 Date Item PR Debit Credit Balance
1-Dec Balance 9,150.00
Soulmate Marketing 5-Dec CVN 505 487.50 9,637.50
Date Item PR Debit Credit Balance 5-Dec CVN 506 5,280.00 4,357.50
1-Dec Balance 6,720.00 5-Dec CVN 507 2,560.00 1,797.50
2-Dec IN 1051 6,720.00 13,440.00 5-Dec CVN 508 1,310.00 487.50
4-Dec OR 1105 6,720.00 6,720.00 12-Dec CVN 511 487.50 975.00
11-Dec OR 1113 6,720.00 - 15-Dec CVN 512 1,554.15 2,529.15
24-Dec IN 1057 7,280.00 7,280.00 19-Dec CVN 519 487.50 3,016.65
26-Dec CVN 520 487.50 3,504.15
Ace Supplies 30-Dec CVN 522 1,554.15 5,058.30
Date Item PR Debit Credit Balance
1-Dec Balance 5,600.00 BIR Commisioner
2-Dec IN 1052 5,600.00 11,200.00 Date Item PR Debit Credit Balance
4-Dec OR 1107 5,600.00 5,600.00 1-Dec Balance 9,365.75
11-Dec OR 1112 5,600.00 - 5-Dec CVN 505 1,950.00 11,315.75
24-Dec IN 1058 6,160.00 6,160.00 10-Dec CVN 510 9,365.75 1,950.00
12-Dec CVN 511 1,950.00 3,900.00
Bestfriends Bakery 15-Dec CVN 512 1,682.78 5,582.78
Date Item PR Debit Credit Balance 19-Dec CVN 519 1,950.00 7,532.78
1-Dec Balance 3,360.00 26-Dec CVN 520 1,950.00 9,482.78
3-Dec OR 1104 3,360.00 - 30-Dec CVN 522 1,682.78 11,165.56
5-Dec IN 1053 5,600.00 5,600.00
10-Dec OR 1110 5,600.00 - MERALCO
12-Dec IN 1054 5,600.00 5,600.00 Date Item PR Debit Credit Balance
17-Dec OR 1117 5,600.00 - 1-Dec Balance 3,200.00
19-Dec IN 1055 5,600.00 5,600.00 8-Dec CVN 509 3,200.00 -
24-Dec OR 1122 5,600.00 -
26-Dec IN 1059 5,600.00 5,600.00 PLDT
Date Item PR Debit Credit Balance
1-Dec Balance 2,114.25
15-Dec CVN 513 2,114.25 -

ITS Computer Sales, Inc

Date Item PR Debit Credit Balance
1-Dec Balance -
16-Dec CVN 515 35,000.00 35,000.00
PETROIL
Date Item PR Debit Credit Balance
1-Dec Balance 2,000.00
1-Dec CVN 502 2,000.00 -

SSS, PH, and Pagibig Fund Payable

Date Item PR Debit Credit Balance
1-Dec Balance 9,150.00
5-Dec CVN 505 487.50 9,637.50
5-Dec CVN 506 5,280.00 4,357.50
5-Dec CVN 507 2,560.00 1,797.50
5-Dec CVN 508 1,310.00 487.50
12-Dec CVN 511 487.50 975.00
15-Dec CVN 512 1,554.15 2,529.15
19-Dec CVN 519 487.50 3,016.65
26-Dec CVN 520 487.50 3,504.15
30-Dec CVN 522 1,554.15 5,058.30

BIR Commisioner
Date Item PR Debit Credit Balance
1-Dec Balance 9,365.75
5-Dec CVN 505 1,950.00 11,315.75
10-Dec CVN 510 9,365.75 1,950.00
12-Dec CVN 511 1,950.00 3,900.00
15-Dec CVN 512 1,682.78 5,582.78
19-Dec CVN 519 1,950.00 7,532.78
26-Dec CVN 520 1,950.00 9,482.78
30-Dec CVN 522 1,682.78 11,165.56

MERALCO
Date Item PR Debit Credit Balance
1-Dec Balance 3,200.00
8-Dec CVN 509 3,200.00 -

PLDT
Date Item PR Debit Credit Balance
1-Dec Balance 2,114.25
15-Dec CVN 513 2,114.25 -

ITS Computer Sales, Inc

Date Item PR Debit Credit Balance
1-Dec Balance -
16-Dec CVN 515 35,000.00 35,000.00