Due Date Voucher NoPayee Amount

3/10/2018 193 Camiseria Palaganas 26,880.00

9/10/2018 198 Bisana Marketing 224,000.00
10/010/2018 200 Social Security System 15,650.00
Bureau of Internal Revenue -
10/10/2018 201 Withholding Taxes on Salaries 14,170.98
10/10/2018 197 Burgos Shirts 44,800.00
11/10/2018 202 Philhealth 5,857.50
10/13/2018 199 Mones Trading 112,000.00
10/15/2018 203 Pag-IBIG Fund 1,800.00
10/24/2018 195 Victorino Wears 24,640.00

10/25/2018 204 Bureau of Internal Revenue - VAT 63,003.00

532,801.48

Accounts Payable 432,320.00

SSS and EC Contributions Payable 15,650.00

PhiHealth Contributions Payable 5,857.50

Pag-IBIG Contributions Payable 1,800.00

Withholding Taxes Payable 14,170.98
Value-Added Taxes Payable 63,003.00

532,801.48
 Account Classification
Accounts Payable
Accounts Payable
SSS and EC Contributions Payable

Withholding Taxes Payable

Accounts Payable
Philhealth Contributions Payable
Accounts Payable
Pag-IBIG Contributions Payable
Accounts Payable

VAT Payable
 Kashato Shirts
Post-Closing Trial Balance
30-Sep-18

No. Account Title Debit Credit

100 Cash 271,571.20
101 Petty Cash 16,000.00
110 Notes Receivable 240,000.00
111 Interest Receivable 2,400.00
112 Accounts Receivable 313,600.00
113 Allowance for Uncollectible Accounts 9,408.00
120 Merchandise Inventory 871,200.00
130 Supplies 14,500.00
140 Prepaid Insurance 12,750.00
141 Prepaid Rent 150,000.00
150 Furniture and Fixtures 650,000.00
151 Accu. Depreciation - Furnitures and Fixtures 74,250.00
152 Equipment 735,000.00
153 Accu. Depreciation - Equipment 134,500.00
154 Service Vehicle 410,000.00
155 Accu. Depreciation - Service Vehicle 33,000.00
160 Rent Deposit 150,000.00
161 Utilities Deposit 18,500.00
200 Notes Payable 500,000.00
201 Interest Payable 16,166.67
240 Vouchers Payable 532,801.48
300 Therese Ballada, Capital 2,555,395.05

3,855,521.20 3,855,521.20
 JOURNAL
Date Accounts Debit Credit
Oct 1 Accounts Receivable
Sales (Cardenas)

1 Cash (Del Mundo)

Sales Discount
Accounts Receivable

2 Purchase (Blanche)
Accounts Payable

2 Trans In (Tria)
Cash

3 Accounts Payable (Camiseria)

Cash

4 Accounts Receivable
Sales (Del Mundo)

4 Sales Return (Selisana)

Accounts Receivable

4 Repairs and Maintenance Exp. (Salvador)

Cash

5 Cash (Selisana)
Sales Discount
Accounts Receivable

5 Purchase (n/30)
Accounts Payable (Manalo)
5 Accounts Payable (Blanche)
Purchase Return and Allowances

8 Cash
Sales

8 Cash (Modesto)
Sales Discount
Accounts Receivable

8 Cash (Calamba)
Accounts Receivable

9 Accounts Payable (Bisana)

Purchase Discount
Cash

10 SSS & EC. Contribution Payable

Cash

10 Withholding Taxes Payable

Cash

11 Philhealth Contribution Payable

Cash

12 Accounts Receivable (Modesto)

Sales

12 Cash (Marasigan)
Accounts Receivable

12 Furniture & Fixture

Accounts Payable (Medina)
13 Accounts Payable (Mones)
Purchase Discount
Cash

15 Cash
Sales

15 Salaries Expenses
Cash

15 Supplies (Geron)
Cash

15 Accounts Payable (Burgos)

Cash

15 Pag-ibig Contribution Payable

Cash

16 Accounts Receivable (Selisana)

Sales

16 Purchase (Bisana)
Accounts Payable

17 Accounts Payable (Medina)

Furniture and Fixtures

17 Accounts Payable (Blanche)

Purchase Discount
Cash

18 Repairs & Maintenance Exp.

Cash
19 Accounts Receivable (Marasigan)
Sales

19 Cash (Cardenas)
Accounts Receivable

19 Notes Receivable
Accounts Receivable

20 Purchase
Accounts Payable

22 Cash
Sales

22 Trans In (Galang-Bisana)
Cash

22 Cash (Modesto)
Sales Discount
Accounts Receivable

23 Notes Payable
Interest Payable
Interest Expense
Cash (Dona)

23 Supplies (Gamba)
Cash

24 Purchase (Burgos)
Accounts Payable
24 Cash (Matuguinas)
Interest Income
Interest Receivable
Notes Receivable

24 Accounts Payable (Victorino)

Cash

25 VAT Payable
Cash

26 Cash (Selisana)
Sales Discount
Accounts Receivable

26 Accounts Payable (Bisana)

Purchase Discount
Cash

26 Purchase (Blanche)
Accounts Payable

29 Accounts Receivable (Modesto)

Sales

29 TB, Withdrawals
Cash

29 Supplies
Miscellaneous Expense
Cash

30 Cash (Cardenas)
Accounts Receivable
30 Utilities Expense (MERALCO)
Cash

30 Utilities Expense (Mabuhay)

Cash

30 Advertising Expense
Cash

31 Salaries Expense
Cash

31 SSS and EC Contribution Expense

SSS and EC Payable

31 Philhealth Expense
Philhealth Payable

31 Pagibig Expense
Pagibig Payable

31 Salaries Expense
Withholding Payable

31 Cash
Sales

31 Therese Ballada, Withdrawal

Cash

31 Allowance for Uncollectible Accounts

Accounts Receivable (Tresma)

31 Cash (Marasigan)
 Accounts Receivable

31 Ouput Tax
Input Tax
VAT Payable

31 Accounts Receivable (Feliciano)

Sales
 SALES JOURNAL
Sales Debit Credit
Post
Date Invoice Accounts Debited Accounts
Ref. Output Tax
No. Receivable
Oct 1 254 Cardenas Marketing 56,000 6,000
4 255 Del Mundo Shirts 22,400 2,400
12 256 Modesto Bargain House 53,760 5,760
16 257 Selisana Garments 100,800 10,800
19 258 Marasigan Enterprise 64,960 6,960
29 259 Modesto Bargain House 89,600 9,600
31 260 Feliciano Outfitters 76,160 8,160

Total 463,680 49,680

Output Tax (Cr) 49,680

Credit
Sales

50,000
20,000
48,000
90,000
58,000
80,000
68,000

414,000
 CASH RECEIPTS JOURNAL
Debit
Date O.R. No. Description
Output
Cash Sales Discount
Tax
Oct 1 232 Rcvd. Del Mundo 87,808.00 192.00 1,600.00
5 233 Rcvd. Selisana Garments 48,294.40 105.60 880.00
8 Cash Sales 418,432.00
8 234 Rcvd. Modesto 26,342.40 57.60 480.00
8 235 Rcvd. Calamba 11,200.00
12 236 Rcvd. Marasigan 78,400.00
15 Cash Sales 344,960.00
19 237 Rcvd. Cardenas 17,920.00
22 Cash Sales 328,720.00
22 238 Rcvd. Modesto 52,684.80 115.20 960.00
24 239 Rcvd. Matuguinas 244,000.00

26 240 Rcvd. Selisana 98,784.00 216.00 1,800.00

30 241 Rcvd. Cardenas 56,000.00
31 Cash Sales 567,952.00
31 242 Rcvd. Marasigan 64,960.00

2,446,457.60 686.40 5,720.00

TOTAL 2,452,864.00

Output Tax (Cr) 177,177.60

ASH RECEIPTS JOURNAL
Credit
Other Accounts
Accounts
Output Tax Sales Account Title F Amount
Receivable
89,600.00
49,280.00
44,832.00 373,600.00
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 240,000.00
Interest Receivable 2,400.00
Interest Income 1,600.00
100,800.00
56,000.00
60,852.00 507,100.00
64,960.00

548,800.00 177,864.00 1,482,200.00 244,000.00

2,452,864.00
 Trial Balance Adjustments and Rec
No. Account Titles Debit Credit Debit
100 Cash 892,820.65 g.
101 Petty Cash 16,000.00
110 Notes Receivable 33,600.00
111 Interest Receivable - a.
112 Accounts Receivable 183,680.00
113 Allowance for Uncollectible Accounts 2,688.00
120 Merchandise Inventory 871,200.00
130 Supplies 32,272.00
140 Prepaid Insurance 12,750.00
141 Prepaid Rent 150,000.00
150 Furniture and Fixtures 676,000.00
151 Accu. Depreciation - F&F 74,250.00
152 Equipment 735,000.00
153 Accu. Depreciation - Eq. 134,500.00
154 Service Vehicle 410,000.00
155 Accu. Depreciation - SV 33,000.00
160 Rent Deposit 150,000.00
161 Utilities Deposit 18,500.00
200 Notes Payable
201 Interest Payable
202 Accounts Payable
210 Salaries Payable
211 SSS and EC Contributions Payable
212 Philhealth Contribtions Payable
213 Pag-IBIG Contributions Payable
214 Withholding Taxes Payable
220 Rent Payable
221 Utilities Payable
230 Value-Added Tax Payable
240 Vouchers Payable 656,619.28 h.
300 Therese Ballada, Capital 2,555,395.05
301 Theres Ballada, Withdrawal 205,000.00
400 Sales 1,896,200.00
401 Sales Discounts 5,720.00
402 Sales Returns and Allowances 4,000.00
410 Interest Income 1,600.00
500 Purchases 684,400.00
501 Transportation-In 4,000.00
502 Purchase Discounts 10,400.00
503 Purchase Returns and Allowances 10,000.00
600 Advertising Expense 8,000.00
601 Supplies Expense c.
602 Insurance Expense d.

5,092,942.65 5,374,652.33
603 Rent Expense e.
604 Utilities Expense 22,300.00
605 Repairs and Maintenance Expense 7,400.00
610 Salaries Expense 233,000.00
611 SSS and EC Contributions Expense 10,563.60
612 Philhealth Contributions Expense 2,928.75
613 Pag-IBIG Contributions Expense 900.00
620 Uncollectible Accounts Expense b.
630 Depreciation Expense - F&F f.
631 Depreciation Expense - Eq f.
632 Depreciation Expense - SV f.
640 Miscellaneous Expense 784.00
650 Interest Expense 3,833.33

5,374,652.33 5,374,652.33
Adjustments and Reclassifications Adjusted Trial Balance Income Statement
Debit Credit Debit Credit Debit
22,400.00 915,220.65
16,000.00
33,600.00
134.40 134.40
g. 22,400.00 161,280.00
b 4,569.60 7,257.60
871,200.00 871,200.00
c. 22,772.00 9,500.00
d. 2,750.00 10,000.00
e. 50,000.00 100,000.00
676,000.00
f. 7,605.00 81,855.00
735,000.00
f. 12,250.00 146,750.00
410,000.00
f. 5,500.00 38,500.00
150,000.00
18,500.00

h. 482,048.00 482,048.00

h. 15,650.00 15,650.00
h. 5,857.50 5,857.50
h. 1,800.00 1,800.00
h. 14,170.98 14,170.98

h. 137,092.80 137,092.80
656,619.28 -
2,555,395.05
205,000.00
1,896,200.00
5,720.00 5,720.00
4,000.00 4,000.00
a. 134.40 1,734.40
684,400.00 684,400.00
4000 4,000.00
 10,400.00
10000
8,000.00 8,000.00
22,772.00 22,772.00 22,772.00
2,750.00 2750 2,750.00

704,675.68 784,600.28 5,043,077.05 5,404,711.33 1,602,842.00

50,000.00 50,000.00 50,000.00
22,300.00 22,300.00
7400 7,400.00
233000 233,000.00
10563.6 10,563.60
2928.75 2,928.75
900 900.00
4,569.60 4,569.60 4,569.60
7,605.00 7605 7,605.00
12,250.00 12250 12,250.00
5,500.00 5500 5,500.00
784.00 784.00
3833.33 3,833.33

784,600.28 784,600.28 5,404,711.33 5,404,711.33 1,964,476.28

654,218.12
2,618,694.40
Income Statement Balance Sheet
Credit Debit Credit
915,220.65
16,000.00
33,600.00
134.40
161,280.00
7,257.60
700,360.00 700,360.00
9,500.00
10,000.00
100,000.00
676,000.00
81,855.00
735,000.00
146,750.00
410,000.00
38,500.00
150,000.00
18,500.00

482,048.00

15,650.00
5,857.50
1,800.00
14,170.98

137,092.80
-
2,555,395.05
205,000.00
1,896,200.00

1,734.40
 10,400.00
10,000.00

2,618,694.40 4,140,595.05 3,486,376.93

2,618,694.40 4,140,595.05 3,486,376.93

654,218.12
4,140,595.05
 VOUCHER RE
Voucher Date
Payee Terms
No. Date Paid Ck. No.
Oct 205 2 Blanche 2/15, n/60 cancelled V#0209
206 2 Tria Forwarders O2 81191
207 4 Salvador 04 81193
208 5 Manalo n/30
209 5 Blanche 2/15, n/60 O 17 81203

210 12 Medina n/30 cancelled V#0214

211 15 n/30 O 15 81199

212 15 C.O.D. O 15 81200

213 16 Bisana 2/10, n/30 O 26 81210
214 17 Medina n/30

215 18 Andam O 18 81204

216 20 Camisana n/30
217 22 Galang O 22 81205
218 23 Dona Deogracia O 23 81206

219 23 Gamba C.O.D. O 23 81207

220 24 Burgos 1/15, n/60
221 26 Blanche 2/15, n/60
222 29 Therese O 29 81211
223 29 Winston 0 29 81212

224 30 Meralco O 30 81213

225 30 Mabuhay O 30 81214
226 30 People O 30 81215
227 31 O 31 81216

228 31 SSS

229 31 PhilHealth
230 31 Pag-IBIG

231 31
232 31 Therese O 31 81217

233 31
VOUCHER REGISTER
Credit Debit
Other Accounts
Voucher
Purchases Input Tax
Payable Account Title PR Debit
179,200.00 160,000.00 19,200.00
1,120.00 120.00 Transportation In 501 1,000.00
2,688.00 288.00 Repairs and Maint. Exp. 605 2,400.00
22,848.00 20,400.00 2,448.00
168,000.00 Voucher Payable 240 179,200.00
Purchase Return & Allowances 503
Input Tax 230-1
40,320.00 4,320.00 Furniture & Fixture 150 36,000.00
104,956.935 Salaries Expense 610 116,500.00
SSS Payable 211
Philhealth Payable 212
Pag-IBIG Payable 213
WHTax Payable 214
6,720.00 720.00 Supplies 130 6,000.00
134,400.00 120,000.00 14,400.00
29,120.00 Voucher Payable 240 40,320.00
Furniture and Fixture 503
Input Tax 230-1
5,600.00 600.00 Repairs and Maint. Exp. 605 5,000.00
112,000.00 100,000.00 12,000.00
3,360.00 360.00 Transportation In 501 3,000.00
520,000.00 Notes Payable 200 500,000.00
Interest Payable 201 16,166.67
Interest Expense 650 3,833
7,100.80 760.80 Supplies 130 6,340.00
112,000.00 100,000.00 12,000.00
206,080.00 184,000.00 22,080.00
160,000.00 Therese Ballada, Withdrawals 301 160,000.00
6,216.00 Supplies 130 5,432.00
Miscellaneous Expense 640 784.00
16,800.00 1,800.00 Utilities Expense 604 15,000.00
8,176.00 876.00 Utilities Expense 604 7,300.00
8,960.00 960.00 Advertising Expense 600 8,000.00
104,956.935 Salaries Expense 610 116,500.00
SSS Payable 211
Philhealth Payable 212
Pag-IBIG Payable 213
WHTax Payable 214
15,650.00 SSS and EC Cont. Exp. 611 10,563.60
SSS Payable 211 5,086.40
5,857.50 Philhealth Cont. Exp. 612 2,928.75
 Philhealth Payable 212 2,928.75
1,800.00 Pag-IBIG Cont. Exp. 613 900.00
Pag-IBIG Payable 213 900.00
14,170.98 WHTax Payable 214 14,170.98
45,000.00 Therese Ballada, Withdrawals 301 45,000.00
2,043,101.15 684,400.00 92,932.80 1,311,254.48

137,092.80 VAT Payable 230 137,092.80

2,180,193.95 684,400.00 92,932.80 1,448,347.28

2,225,680.08 2,225,680.08
Credit

10,000.00
1,200.00

2,543.20
1,464.375
450.00
7,085.49

10,000.00
1,200.00

2,543.20
1,464.375
450.00
7,085.49
45,486.13

45,486.13
 CHECK REGISTER
Check Debit Credit
Payee Vo. No. Voucher Purchase
No. Date Payable Discounts
Oct 81191 2 Tria 206 1,120.00
81192 3 Camiseria 193 26,880.00
81193 4 Salvador 207 2,688.00
81194 9 Bisana 198 224,000.00 4,000.00
81195 10 SSS 200 15,650.00
81196 10 BIR 201 14,170.98
81197 11 PhilHealth 202 5,857.50
81198 13 Mones 199 112,000.00 1,000.00
81199 15 211 104,956.935
81200 15 Geron 212 6,720.00
81201 15 Burgos 197 44,800.00
81202 15 Pag-IBIG 203 1,800.00
81203 17 Blanche 209 168,000.00 3,000.00
81204 18 Adam 215 5,600.00
81205 22 Galang 217 3,360.00
81206 23 DDC 218 520,000.00
81207 23 Gamba 219 7,100.80
81208 24 Victorino 195 24,640.00
81209 25 BIR 204 63,003.00
81210 26 Bisana 213 134,400.00 2,400.00
81211 29 Therese 222 160,000.00
81212 29 Winston 223 6,216.00
81213 30 Meralco 224 16,800.00
81214 30 Mabuhay 225 8,176.00
81215 30 People's 226 8,960.00
81216 31 227 104,956.935
81217 31 Therese 232 45,000.00

TOTAL 1,836,856.15 10,400.00

BALANCE 1,836,856.15 1,836,856.15

Accounts Payable (paid) 723,072.00

Salaries 209,913.87

Payments to suppliers 723,072.00

Credit
Input Tax Cash
1,120.00
26,880.00
2,688.00
480.00 219,520.00
15,650.00
14,170.98
5,857.50
120.00 110,880.00
104,956.935
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
104,956.94
45,000.00

1,248.00 1,825,208.15
 General Journal
Date Account Titles and Explanation PR Debit Credit

Oct 4 Sales Return (Selisana) 402 4,000.00

Ouput Tax 230-2 480.00
Accounts Receivable 112 4,480.00

19 Notes Receivable 110 33,600.00

Accounts Receivable 112 33,600.00

31 Allowance for Uncollectible Accounts 113 6,720.00

Accounts Receivable (Tresma) 112 6,720.00

31 Ouput Tax 230-2 226,377.60

Input Tax 230-1 89,284.80
VAT Payable 230 137,092.80

ADJUSTMENTS:
a. Interest Receivable 134.40
Interest Income 134.40

b. Uncollectible Accounts Expense 4,569.60

Allowance for Uncollectible Accounts 4,569.60

c. Supplies Expense 22,772.00

Supplies 22,772.00

d. Insurance Expense 2,750.00

Prepaid Insurance 2,750.00

e. Rent Expense 50,000.00

Prepaid Rent 50,000.00

f. Depreciation Exp. - F&F 7,605.00

Accu. Depreciation - F&F 7,605.00

Depreciation Exp. - Equip. 12,250.00

Accu. Depreciation - Equip. 12,250.00

Depreciation Exp. - Service Vehicle 5,500.00

 Accu. Depreciation - Service Vehicle 5,500.00

g. Cash 22,400.00
Accounts Receivable 22,400.00

CLOSING ENTRIES:
Oct. 31 Merchandise Inventory, End 700,360.00
Sales 1,896,200.00
Purchase Returns & Allowances 10,000.00
Purchase Discounts 10,400.00
Interest Income 1,734.40
Income Summary 2,618,694.40

Oct. 31 Income Summary 1,964,476.28

Merchandise Inventory, Beg. 871,200.00
Sales Returns & Allowances 4,000.00
Sales Discounts 5,720.00
Purchases 684,400.00
Transportation In 4,000.00
Advertising Expenses 8,000.00
Supplies Expense 22,772.00
Insurance Expense 2,750.00
Rent Expense 50,000.00
Utilities Expense 22,300.00
Repairs and Maintenance Expense 7,400.00
Salaries Expense 233,000.00
SSS and EC Contribution Expense 10,563.60
Philhealth Contribution Expense 2,928.75
Pag-IBIG Contribution Expense 900.00
Uncollectible Accounts Expense 4,569.60
Depreciation Expense - Furniture 7,605.00
Depreciation Expense - Equipment 12,250.00
Depreciation Expense - Service Vehicle 5,500.00
Miscellaneous Expense 784.00
Interest Expense 3,833.33

Oct. 31 Income Summary 654,218.12

Therese Ballada, Capital 654,218.12

Oct. 31 Therese Ballada, Capital 205,000.00

Therese Ballada, Withdrawal 205,000.00
170,840.00
 GENERAL LEDGER

Account: Cash
Date Explanation PR Debit
2018 Balance
Oct. Total amount of cash received 2,446,457.60
Total amount of cash paid
31 Online payment - Del Mundo 22,400.00

Account: Petty Cash

Date Explanation PR Debit
2018 Balance
Oct 29

Account: Notes Receivable

Date Explanation PR Debit
2018 Balance
Oct 19 33,600.00
24

Account: Interest Receivable

Date Explanation PR Debit
2018 Balance
Oct. 24
31 134.40
 Account: Accounts Receivable
Date Explanation PR Debit
2018 Balance
Total amount of goods sold 463,680.00
Total amount of receivables collected
Oct. 4 Returned good from Selisana
19 Received promissory note
21 Doubtful account -Tresma
31 Online payment - Del Mundo

Account: Allowance for Uncollectible Accounts

Date Explanation PR Debit
2018 Balance
Oct 31 6,720.00
31

Account: Merchandise Inventory

Date Explanation PR Debit
2018 Balance
31 700,360.00
31

Account: Supplies
Date Explanation PR Debit
2018 Balance
15 6,000.00
23 6,340.00
 29 5,432.00
31

Account: Prepaid Insurance

Date Explanation PR Debit
2018 Balance
31

Account: Prepaid Rent

Date Explanation PR Debit
2018 Balance
31

Account: Furniture and Fixtures

Date Explanation PR Debit
2018 Balance
12 36,000.00
17
Account: Accu. Depreciation - F&F
Date Explanation PR Debit
2018 Balance
31

Account: Equipment
Date Explanation PR Debit
2018 Balance

Account: Accu. Depreciation - Eq

Date Explanation PR Debit
2018 Balance
31

Account: Service Vehicle

Date Explanation PR Debit
2018 Balance
Account: Accu. Depreciation - SV
Date Explanation PR Debit
2018 Balance
31

Account: Rent Deposit

Date Explanation PR Debit
2018 Balance

Account: Utilities Deposit

Date Explanation PR Debit
2018 Balance
Account: Notes Payable
Date Explanation PR Debit
2018 Balance
23 500,000.00

Account: Interest Payable

Date Explanation PR Debit
2018 Balance
23 16,166.67

Account: Accounts Payable

Date Explanation PR Debit
2018
Unpaid vouchers paid 432,320.00
Unpaid vouchers (October)

Account: Salaries Payable

Date Explanation PR Debit
2018
Account: SSS and EC Contribution Payable
Date Explanation PR Debit
2018
10 15,650.00
31

Account: Philhealth Contributions Payable

Date Explanation PR Debit
2018
11 5,857.50
31

Account: Pag-IBIG Contributions Payable

Date Explanation PR Debit
2018
15 1,800.00
31
Account: Withholding Taxes Payable
Date Explanation PR Debit
2018
10 14,170.98
31

Account: Rent Payable

Date Explanation PR Debit
2018 Balance

Account: Utilities Payable

Date Explanation PR Debit
2018 Balance

Account: Value-Added Taxes Payable

Date Explanation PR Debit
 2018
25 63,003.00
31

Account: Input Tax

Date Explanation PR Debit
2018
Purchases 92,932.80
Purchase returns and allowances - Blanche
Return of furniture - Medina
Purchase discounts

Account: Output Tax

Date Explanation PR Debit
2018
Sales
Sales discounts 686.40
Daily sales
Sales returns and allowances - Selisana 480.00

Account: Vouchers Payable

Date Explanation PR Debit
2018 Balance
Total vouchers payable for October
Vouchers payable paid 1,836,856.15
5 Cancellation of voucher 179,200.00
17 Cancellation of voucher 40,320.00
31
Account: Therese Ballada, Capital
Date Explanation PR Debit
2018 Balance
31
31 205,000.00

Account: Therese Ballada, Withdrawals

Date Explanation PR Debit
2018
29 160,000.00
31 45,000.00

Account: Income Summary

Date Explanation PR Debit
2018
31
31 1,964,476.28
31 654,218.12

Account: Sales
 Date Explanation PR Debit
2018
Total amount of goods sold
Total amount of daily sales
31 1,896,200.00

Account: Sales Discounts

Date Explanation PR Debit
2018
Total amount of discounts on sales 5,720.00
31

Account: Sales Returns and Allowances

Date Explanation PR Debit
2018
Returned goods from Selisana 4,000.00
31

Account: Interest Income

Date Explanation PR Debit
2018
24
31
31 1,734.40
Account: Purchases
Date Explanation PR Debit
2018
Total amount of purchases 684,400.00
31

Account: Purchase Discounts

Date Explanation PR Debit
2018
Total amount of discounts on purchases
31 10,400.00

Account: Purchase Returns and Allowances

Date Explanation PR Debit
2018
5
31 10,000.00
Account: Transportation-In
Date Explanation PR Debit
2018
2 1,000.00
22 3,000.00
31

Account: Advertising Expense

Date Explanation PR Debit
2018
30 8,000.00
31

Account: Supplies Expense

Date Explanation PR Debit
2018
31 22,772.00
31

Account: Insurance Expense

Date Explanation PR Debit
2018 Balance
31 2,750.00
31
Account: Rent Expense
Date Explanation PR Debit
2018 Balance
31 50,000.00
31

Account: Utilities Expense

Date Explanation PR Debit
2018
30 15,000.00
30 7,300.00
31

Account: Repairs and Maintenance Expense

Date Explanation PR Debit
2018
4 2,400.00
18 5,000.00
31
Account: Salaries Expense
Date Explanation PR Debit
2018
15 116,500.00
30 116,500.00
31

Account: SSS and EC Contributions Expense

Date Explanation PR Debit
2018
31 10,563.60
31

Account: Philhealth Contributions Expense

Date Explanation PR Debit
2018
31 2,928.75
31

Account: Pag-IBIG Contributions Expense

Date Explanation PR Debit
2018
31 900.00
31
Account: Uncollectible Accounts Expense
Date Explanation PR Debit
2018 Balance
31 4,569.60
31

Account: Depreciation Expense - F&F

Date Explanation PR Debit
2018 Balance
31 7,605.00
31

Account: Depreciation Expense - Eq

Date Explanation PR Debit
2018 Balance
31 12,250.00
31
Account: Depreciation Expense - SV
Date Explanation PR Debit
2018 Balance
31 5,500.00
31

Account: Miscellaneous Expense

Date Explanation PR Debit
2018 Balance
29 784.00
31

Account: Interest Expense

Date Explanation PR Debit
2018
23 3,833.33
31
Account No. 100.00
Credit Balance
271,571.20
2,718,028.80
1,825,208.15 892,820.65
915,220.65

Account No. 101.00

Credit Balance
16,000.00
6,216.00

Account No. 110.00

Credit Balance
240,000.00
273,600.00
240,000.00 33,600.00

Account No. 111.00

Credit Balance
2,400.00
2,400.00 -
134.40
Account No. 112.00
Credit Balance
313,600.00
777,280.00
548,800.00 228,480.00
4,480.00 224,000.00
33,600.00 190,400.00
6,720.00 183,680.00
22,400.00 161,280.00

Account No. 113.00

Credit Balance
9,408.00
2,688.00
4,569.60 7,257.60

Account No. 120.00

Credit Balance
871,200.00
1,571,560.00
871,200.00 700,360.00

Account No. 130.00

Credit Balance
14,500.00
20,500.00
26,840.00
 32,272.00
22,772.00 9,500.00

Account No. 140.00

Credit Balance
12,750.00
2,750.00 10,000.00

Account No. 141.00

Credit Balance
150,000.00
50,000.00 100,000.00

Account No. 150.00

Credit Balance
650,000.00
686,000.00
10,000.00 676,000.00
Account No. 151.00
Credit Balance
74,250.00
7,605.00 81,855.00

Account No. 152.00

Credit Balance
735,000.00

Account No. 153.00

Credit Balance
134,500.00
12,250.00 146,750.00

Account No. 154.00

Credit Balance
410,000.00
Account No. 155.00
Credit Balance
33,000.00
5,500.00 38,500.00

Account No. 160.00

Credit Balance
150,000.00

Account No. 161.00

Credit Balance
18,500.00
Account No. 200.00
Credit Balance
500,000.00
-

Account No. 201.00

Credit Balance
16,166.67
-

Account No. 202.00

Credit Balance
432,320.00
-
482,048.00 482,048.00

Account No. 210.00

Credit Balance
Account No. 211.00
Credit Balance
15,650.00
-
15,650.00 15,650.00

Account No. 212.00

Credit Balance
5,857.50
-
5,857.500 5,857.50

Account No. 213.00

Credit Balance
1,800.00
-
1,800.00 1,800.00
Account No. 214.00
Credit Balance
14,170.98
-
14,170.98 14,170.98

Account No. 220.00

Credit Balance

Account No. 221.00

Credit Balance

Account No. 230.00

Credit Balance
 63,003.00
-
137,092.80 137,092.80

Account No. 230-1

Credit Balance

92,932.80
1,200.00 91,732.80
1,200.00 90,532.80
1,248.00 89,284.80

Account No. 230-2

Credit Balance

49,680.00 49,680.00
48,993.60
177,864.00 226,857.60
226,377.60

Account No. 240.00

Credit Balance
532,801.48
2,180,193.95 2,712,995.43
876,139.28
696,939.28
656,619.28
Account No. 300.00
Credit Balance
2,555,395.05
654,218.12 3,209,613.17
3,004,613.17

Account No. 301.00

Credit Balance

160,000.00
205,000.00

Account No. 302.00

Credit Balance

2,618,694.40 2,618,694.40
654,218.12
-

Account No. 400.00

 Credit Balance

414,000.00 414,000.00
1,482,200.00 1,896,200.00
-

Account No. 401.00

Credit Balance

5,720.00
5,720.00 -

Account No. 402.00

Credit Balance

4,000.00
4,000.00 -

Account No. 410.00

Credit Balance

1,600.00 1,600.00
134.40 1,734.40
-
Account No. 500.00
Credit Balance

684,400.00
684,400.00 -

Account No. 502.00

Credit Balance

10,400.00 10,400.00
-

Account No. 503.00

Credit Balance

10,000.00 10,000.00
-
Account No. 501.00
Credit Balance

1,000.00
4,000.00
4,000.00 -

Account No. 600.00

Credit Balance

8,000.00
8,000.00 -

Account No. 601.00

Credit Balance

22,772.00
22,772.00 -

Account No. 602.00

Credit Balance

2,750.00
2,750.00 -
Account No. 603.00
Credit Balance

50,000.00
50,000.00 -

Account No. 604.00

Credit Balance

15,000.00
22,300.00
22,300.00 -

Account No. 605.00

Credit Balance

2,400.00
7,400.00
7,400.00 -
Account No. 610.00
Credit Balance

116,500.00
233,000.00
233,000.00 -

Account No. 611.00

Credit Balance

10,563.60
10,563.60 -

Account No. 612.00

Credit Balance

2,928.75
2,928.75 -

Account No. 613.00

Credit Balance

900.00
900.00 -
Account No. 620.00
Credit Balance

4,569.60
4,569.60 -

Account No. 630.00

Credit Balance

7,605.00
7,605.00 -

Account No. 631.00

Credit Balance

12,250.00
12,250.00 -
Account No. 632.00
Credit Balance

5,500.00
5,500.00 -

Account No. 640.00

Credit Balance

784.00
784.00 -

Account No. 650.00

Credit Balance

3,833.33
3,833.33 -
 Customer No.
Client: Cardenas Marketing
Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
1 56,000.00
19 17,920.00
30 56,000.00

Client: Tresma Mata Store Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
31 6,720.00

Client: Del Mundo Shirts Station Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
1 89,600.00
4 22,400.00
31 22,400.00

Client: Marasigan Enterprises Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
12 78,400.00
19 64,960.00
31 64,960.00
Client: Modesto Bargain House Customer No.
Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
8 26,880.00
12 53,760.00
22 53,760.00
29 89,600.00

Client: Selisana Garments Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
4 4,480.00
5 49,280.00
16 100,800.00
26 100,800.00

Client: Calamba Commercial Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 1 Balance
8 11,200.00
19 33,600.00

Client: Feliciano Outfitters Customer No.

Address:
Date Explanation Post Ref. Debit Credit
Oct. 31 76,160.00
001

Balance
17,920.00
73,920.00
56,000.00
-

002

Balance
6,720.00
-

003

Balance
89,600.00
-
22,400.00
-

004

Balance
78,400.00
-
64,960.00
-
005

Balance
26,880.00
-
53,760.00
-
89,600.00

006

Balance
49,280.00
44,800.00
- 4,480.00
96,320.00
- 4,480.00

007

Balance
44,800.00
33,600.00
-

008

Balance
76,160.00
Modesto Bargain 89,600.00
Feliciano Outfitters 76,160.00

Total 165,760.00
Net Sales
Sales 1,896,200.00
Sales Discounts - 5,720.00
Sales Returns & Allowances - 4,000.00 9,720.00
Net Sales
Cost of Sales
Purchases 684,400.00
Purchase Discounts - 10,400.00
Purchase Returns & Allowances - 10,000.00 20,400.00
Net Purchases 664,000.00
Transportation-In 4,000.00
Net Cost of Purchases 668,000.00
Merchandise Inventory - Beginning 871,200.00
Cost of Goods Available 1,539,200.00
Merchandise Inventory - Ending - 700,360.00
Cost of Sales
Gross Profit
Operating Expenses
Selling Expenses
Advertising Expenses 8,000.00
Total Selling Expenses
Administrative Expenses
Supplies Expense 22,772.00
Insurance Expense 2,750.00
Rent Expense 50,000.00
Utilities Expense 22,300.00
Repairs and Maintenance Expense 7,400.00
Salaries Expense 233,000.00
SSS and EC Contribution Expense 10,563.60
Philhealth Contribution Expense 2,928.75
Pag-IBIG Contribution Expense 900.00
Uncollectible Accounts Expense 4,569.60
Depreciation Expense - Furniture 7,605.00
Depreciation Expense - Equipment 12,250.00
Depreciation Expense - Service Vehicle 5,500.00
Miscellaneous Expense 784.00
Total Administrative Expense

Total Operating Expense

Operating Profit
Finance Cost
Finance Income

Net Profit
 1,886,480.00

- 838,840.00
1,047,640.00

8,000.00

383,322.95

- 391,322.95
656,317.05
- 3,833.33
652,483.72
 1,734.40

654,218.12
Ballada, Owner's Equity (Oct. 1, 2018) 2,555,395.05
Add: Additional Investment -
Profit 654,218.12
Total 3,209,613.17
Less: Withdrawals 205,000.00
Ballada, Owner's Equity (Oct. 31, 2018) 3,004,613.17
ASSETS
Current Assets
Cash 915,220.65
Petty Cash 16,000.00
Notes Receivable 33,600.00
Interest Receivable 134.40
Accounts Receivable 161,280.00
Allowance for Uncollectible Accounts - 7,257.60
Merchandise Inventory 700,360.00
Supplies 9,500.00
Prepaid Insurance 10,000.00
Prepaid Rent 100,000.00
Total Current Assets 1,938,837.45
Non-current Assets
Furniture and Fixtures 676,000.00
Equipment 735,000.00
Service Vehicle 410,000.00
Accu. Depreciation - F&F - 81,855.00
Accu. Depreciation - Equip. - 146,750.00
Accu. Depreciation - SV - 38,500.00 - 267,105.00
Rent Deposit 150,000.00
Utilities Deposit 18,500.00
Total Non-current Assets 1,722,395.00
Total Assets

LIABILITIES
Current Liabilities
Notes Payable
Interest Payable
Accounts Payable 482,048.00
Salaries Payable
SSS & EC Contributions Payable 15,650.00
Philhealth Contributions Payable 5,857.50
Pagibig Contributions Payable 1,800.00
Withholding Taxes Payable 14,170.98
Rent Payable
Utilities Payable
VAT Payable 137,092.80
Total Current Liabilities 656,619.28

EQUITY
Ballada, Owner's Equity 3,004,613.17
Total Liabilities & Equity
3,661,232.45

3,661,232.45
Cash flows from Operating Activities
Cash received from clients 2,224,857.60
Payments to suppliers 723,072.00
Payment for transportation-in 4,480.00
repairs and maintenance 8,288.00
SSS & EC Payable 15,650.00
withholding taxes 14,170.98
Philhealth contribution 5,857.50
employees' salaries 209,913.87
supplies 13,820.80
Pag-IBIG contribution 1,800.00
utilities 24,976.00
advertising 8,960.00
petty cash 6,216.00
VAT payable (September) 63,003.00 1,100,208.15
Net cash flows from operating activities 1,124,649.45

Cash flows from Investing Activities

Collections on notes receivable 244,000.00
Net cash flows from imvesting activities 244,000.00

Cash flows from Financing Activities

Payments to settle notes payable 520,000.00 1,825,208.15
payments to owner for withdrawals 205,000.00
- 725,000.00 2,468,857.60

Cash balance - beginning 271,571.20

Cash balance - ending 915,220.65
Post-Closing Trial Balance
31-Oct-18

Cash 915,220.65
Petty Cash 16,000.00
Notes Receivable 33,600.00
Interest Receivable 134.40
Accounts Receivable 161280
Allowance for Uncollectible Accounts 7,257.60
Merchandising Inventory - Beginning 700,360.00
Supplies 9,500.00
Prepaid Insurance 10,000.00
Prepaid Rent 100,000.00
Furniture and Fixtures 676,000.00
Accu. Depreciation - F&F 81,855.00
Equipments 735,000.00
Accu. Depreciation - Equipment 146,750.00
Service Vehicle 410,000.00
Accu. Depreciation - SV 38,500.00
Rent Deposit 150,000.00
Utilities Deposit 18,500.00
Vouchers Payable 656,619.28
Therese Ballada, Capital 3,004,613.17

3,935,595.05 3,935,595.05
Unpaid Vouchers By Due Date
Balances as at October 31, 2018

Due Date Voucher No. Payee Amount

11/17/18 208 Manalo Shirt Factory 22,848.00
11/11/2018 214 Medina Office Systems 29,120.00
11/19/18 216 Camiseria Palaganas 112,000.00
8/11/2018 220 Burgos Shirts 112,000.00
10/11/2018 221 Blanche Manufacturing 206,080.00
228 Social Security System 15,650.00
229 PhilHealth 5,857.50
230 Pag-IBIG Fund 1,800.00
231 BIR-Withholding 14,170.98
232 BIR-VAT 137,092.80

656,619.28

Unpaid Vouchers By Account Classification

Balances as at October 31, 2018

Accounts Payable 482,048.00

SSS and EC Contributions Payable 15,650.00
Philhealth Contributions Payable 5,857.50
Pag-IBIG Contributions Payable 1,800.00
Withholding Taxes Payable 14,170.98
Value-Addes Tax Payable 137,092.80

656,619.28
 Account Classification
Accounts Payable
Accounts Payable
Accounts Payable
Accounts Payable
Accounts Payable
SSS and EC Contributions Payable
Philhealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
VAT Payable
Balance per book 892,820.65
Add: Note collected by the bank 22,400.00
Adjusted book balance 915,220.65

Balance per bank 904,156.65

Add: Deposit in transit 45,000.00
Total
Less: Outstanding Checks
Check No. 81213 - 16,800.00
Check No. 81214 - 8,176.00
Check No. 81215 - 8,960.00
Adjusted bank balance 915,220.65