SALES JOURNAL

Sales Invoice
Date Account Debited Posting Reference
Number

12/1/2018 300 Central Cellphone Display

12/4/2019 301 Panasonic Marketing
12/11/2018 302 Text and Cellphone House
Anthony Cellphone and Repair
12/16/2018 303 Shop
12/19/2018 304 Gadgets Enterprises
12/29/2018 305 Text and Cellphone House

12/31/2018 306 Various Cellphone Accessories

TOTAL
NAL
Page 1
Debit Credits

Accounts Receivable Output Tax Sales

78,000.00 8,357.14 69,642.86

46,800.00 5,014.29 41,785.71
65,290.00 6,995.36 58,294.64

148,500.00 15,910.71 132,589.29

79,650.00 8,533.93 71,116.07

98,600.00 10,564.29 88,035.71

86,610.00 9,279.64 77,330.36

603,450.00 64,655.36 538,794.64

 PURCHASES JOURNAL
Credit
Date R. R. No. Account Credited Post Ref.
Accounts Payable

12/2/2018 Huwei Company SI No. 900 / VN 405 156,800.00

12/5/2018 Sumsung Inc. SI No. 589/VN 408 132,563.20

12/12/2018 SM Department Store SI No. 478/VN 412 32,200.00

Vivi House and

12/16/2018 S.I. No. 0653/ VN 413 184,800.00
accessories
Middle Earth
12/20/2018 SI No. 8189 / VN 416 120,960.00
Marketing
Harold Gadgets and
12/24/2018 SI No. 3210/ VN 420 135,450.00
Accessories
12/26/2018 Huawei Company SI No. 1207 280,896.00

TOTAL 1,043,669.20
RNAL
Page 1
Debit
Furniture and
Input Tax Purchases Fixtures
16,800.00 140,000.00
14,203.20 118,360.00

3,450.00 28,750.00

19,800.00 165,000.00

12,960.00 108,000.00

14,512.50 120,937.50

30,096.00 250,800.00

111,821.70 903,097.50 28,750.00

 Date O. R. No.

12/1/2018 332

12/5/2018 333

12/8/2018

12/8/2018 334

12/8/2018 335

12/11/2018 336

12/15/2018
12/19/2018 337
12/22/2018
12/22/2018 338
12/24/2018 339

12/26/2018 340

12/30/2018 341

12/31/2018

12/31/2018 342
 CASH RECEIPTS J

Description Post Ref.

Received payment in full from Panasonic Marketing S.I. No.297

Received payment in full from Anthony Cellphone and Repair Shop S.I. No.244

Cash Sales for the period ended

Received payment in full from Text and Cellphone House S.I. No. 245

Received partial payment from Easywide Communication Center S.I. No. 246

Received payment in full from Gadgets Enterprises S.I. No. 247

Cash Sales for the period ended

Received payment in full from Central Cellphone Display SI No. 269
Cash Sales for the period ended
Received payment in full from Text and Cellphone Display SI No. 301
Received a payment from Lester Davce Marketing

Received payment in full from Anthony Cellphone and Repair Shop SI No. 303

Received payment in full from Central Cellphone Display SI No. 303

Cash Sales for the period ended

Received full payment from Gadgets Enterprises SI No. 304

TOTAL
CASH RECEIPTS JOURNAL
Debits Credits

Cash Sales Discount Output Tax Accounts Receivable Sales

38,220.00 696.43 83.57 39,000.00

20,335.00 370.54 44.46 20,750.00

531,180.00 474,267.86

26,264.00 478.57 57.43 26,800.00

15,000.00 15,000.00

38,400.00 38,400.00

434,890.00 388,294.64
27,000.00 27,000.00
378,270.00 337,741.07
65,290.00 65,290.00
122,000.00

145,530.00 2,651.79 318.21 148,500.00

78,000.00 78,000.00

678,340.00 605,660.71

79,650.00 79,650.00

2,678,369.00 4,197.33 503.67 538,390.00 1,805,964.28

 Page 1
Credits
Notes Interest Interest Income Output Tax
Receivable Receivable

56,912.14

46,595.36

40,528.93

120,000.00 1,200.00 800.00

72,679.29

120,000.00 1,200.00 800.00 216,715.72

 Date

Check No.

12/2/2018 991231

12/3/2018 991232

12/4/2018 991233

12/9/2018 991234

12/10/2018 991235

12/10/2018 991236

12/10/2018 991237

12/13/2018 991238

12/15/2018 991239

12/15/2018 991240

12/15/2018 991241

12/15/2018 991242

12/17/2018 991243

12/18/2018 991244

12/22/2018 991245

12/23/2018 991246

12/23/2018 991247

12/24/2018 991248

12/25/2018 991249

12/26/2018 991250

12/29/2018 991251
12/29/2018 991256

12/30/2018 991252

12/30/2018 991253

12/30/2018 991254

12/31/2018 991255
 Description Post. Ref.

Issued check to Via Forwarders Waybill No. 12345/ VN 406

Issued check to Middle Earth Marketing VN 293/S.I. No. 1934

Issued check to Andrew Cellphone and Repair Shop VN 407

Issued check to Vivo House and Accessories S.I. No. 0332/VN 298

Issued check in payment to Social Security System and EC contributions VN 250

Issued chech in payment for Withholding Taxes VN 251

Issued check to the payment to PhilHealth Contributions VN 252

Issued check in full settlement to Moneyshop Cellphone Products VN 299/S.I. No. 1121

Issued check in payment of voucher no.410 VN 410

Issued check in payment of Voucher no. 411 VN 411

Issued check in payment of purchase made on Nov. 25 VN 297

Issued check in payment of Pag-IBIG Cont. VN 300

Issued check in payment tof Voucher No. 409 VN No. 409

Issued check in payment for equipment repairs, VN. 415 VN No. 415

Issued Check in payment of Voucher No. 417 VN 417

Issued check in payment of Voucher no. 418 VN 418

Issued check in payment of Voucher no. 419 VN No. 419/ S.I. 538

Issued check in payment of Voucher no. 295 VN No. 295/SI No. 3916

Issued check for the payment of BIR value added tax VN No. 215

Issued check for the full settlement of Voucher 413 VN No. 413

Issued check for Agusto Delilo's drawings VN No. 422

 Issued check payment to Jester Guillen VN No. 423

Issued check payment to More Power Electrc Co. VN 424

Issued check payment to PLDT VN No. 425

Issued check payment to Panay News VN No. 426

Delilo's drawings VN No. 431

TOTAL
 Credits

SSS and EC
Purhase Withholding Taxes
Cash Input Tax Contributions
Discounts Payable
Payable

2,240.00

39,400.00

5,376.00

90,160.00 1,642.86 197.14

15,650.00

14,102.24

6,407.50

45,540.00 410.71 49.29

102,366.68 2,434.20 9,916.62

8,220.80

22,400.00

1,800.00

144,403.00 2,631.25 315.75

7,280.00

2,352.00

262,583.34

8,400.00

16,360.00

63,003.00

181,104.00 3,300.00 396.00

140,000.00
 9,750.55

24,692.85

12,596.00

7,540.00

50,000.00

1,283,727.96 7,984.82 958.18 2,434.20 9,916.62

 CASH DISBURSEMENTS JOURNAL

PAG-IBIG PhilHealth
Contributions Payable Contributions Payable Accounts Payable Interest Payable Interest Expense

39,400.00

92,000.00

46,000.00

450.00 2,832.50

22,400.00

147,350.00

10,666.67 1,916.67

16,360.00

184,800.00
450.00 2,832.50 548,310.00 10,666.67 1,916.67
TS JOURNAL

D
SSS and EC PAG-IBIG
Value-added Tax Withholding Taxes
Notes Payable Contributions Contributions
Payable Payable
Payable Payable

15,650.00

14,102.24

1,800.00

250,000.00

63,003.00
63,003.00 250,000.00 15,650.00 14,102.24 1,800.00
 Debits
PhilHealth Agusto Delilo,
Contributions Freight In Input Tax Supplies
Withdrawal
Payable

2,000.00 240.00

576.00

6,407.50

880.80 7,340.00

780.00

2,100.00 252.00

900.00 7,500.00

140,000.00
 2,645.66

50,000.00

6,407.50 190,000.00 4,100.00 6,274.46 14,840.00

 Page 1

Advertising Miscellaneous
Utilities Expense Salaries Expense Supplies Expense
Expense Expense

118,000.00
 2,760.30 2,670.00 4,320.25

22,047.19

12,596.00

7,540.00

34,643.19 10,300.30 2,670.00 118,000.00 4,320.25

 Page 1

Repairs and
Maintenance
Expense

4,800.00

6,500.00
11,300.00
Sales Return Allowance for Salaries SSS and EC Cont. Pag-IBIG Cont PhilHealth Cont
and Doubtful Expense Expense Expense Expense
Allowances Accounts

3,169.64

118,000.00
5,665.00
900.00
25,071.60

6,500.00

3,169.64 6,500.00 118,000.00 25,071.60 900.00 5,665.00

 Debits

Agusto Delilo, Accounts

Output Tax Intertest Payable Income Tax Expense
Capital Payable

380.36

9,450.00

5,600.00

37,833.33
3,600.00

280,487.05

323,779.56

280,867.41 37,833.33 3,600.00 15,050.00 323,779.56

6,500.00
 GENERAL JOURNAL

Particulars
Notes Receivable Total Debits Post. Ref. Date

CM N0. 046 Anthony

3,550.00 CM. No. 046 12/4/2018 Cellphone and Repair
Shop
CM N0. 046 Huwei
9,450.00 CM. No. 042 12/5/2018 Company
CM No. 075 SM
5,600.00 CM No. 075 12/17/2018 Department Store
Easywide
15,000.00 15,000.00 12/19/2018 Communication Center
Notes
37,833.33 VN No. 418 12/23/2018 Over accruals
3,600.00 OR No. 339 12/24/2018 Over accruals
118,000.00 VN No. 427 12/31/2018 Payroll
5,665.00 VN No. 428 12/31/2018 Philhealth Cont
900.00 VN No. 429 12/31/2018 Pag-IBIG
25,071.60 VN No. 430 12/31/2018 SSS and EC Cont
Jericho Cellphone
6,500.00 12/31/2018 House write-off

Value-added Taxes due

280,487.05 VN No. 432 12/31/2018 for the current month

Recognition of Income
323,779.56 tax payable and income
tax expense

15,000.00 835,436.54
NAL
Cred

Purchase
Accounts Interest
Total Credits Income Taxes Payable Return and
Receivable Receivable
Allowances

3,550.00 3,550.00

9,450.00 8,437.50

5,600.00

15,000.00 15,000.00

37,833.33
3,600.00 3,600.00
118,000.00
5,665.00
900.00
25,071.60

6,500.00 6,500.00

280,487.05

323,779.56 323,779.56

835,436.54 25,050.00 323,779.56 8,437.50 3,600.00

 Credits

Salaries Withholding Pag-IBIG Cont. PhilHealth SSS an EC Cont. Agusto Delilo,

payable Taxes Payable Payable Cont. Payable Payable Capital

37,833.33

102,366.68 9,916.62 450.00 2,832.50 2,434.20

5,665.00
900.00
25,071.60

102,366.68 9,916.62 1,350.00 8,497.50 27,505.80 37,833.33

 Page 1

Furniture and VAT Payable Input Tax

Fixtures

1,012.50

5,000.00 600.00

164,961.57 115,525.48

5,000.00 164,961.57 117,137.98

 ASSETS
CASH
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance 144,104.90
CRJ 2,678,369.00
CDJ 1,283,727.96
PJ
SJ
GJ

2,822,473.90 1,283,727.96

LIABILITIES
NOTES PAYABLE
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance 250,000.00
CRJ
CDJ 250,000.00
PJ
SJ
GJ

250,000.00 250,000.00

OWNER'S EQUITY
AGUSTO DELILO, CAPITAL
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance 1,893,363.04
CRJ
 CDJ
PJ
SJ
GJ 3,600.00 37,833.33

3,600.00 1,931,196.37

REVENUE
SALES
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance
CRJ 1,805,964.28
CDJ
PJ
SJ 538,794.64
GJ

- 2,344,758.92

EXPENSE
ADVERTISING EXPENSE
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance
CRJ
CDJ 10,300.30
PJ
SJ
GJ
 10,300.30 -

COST
PURCHASES
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance
CRJ
CDJ
PJ 903,097.50
SJ
GJ

903,097.50 -
 PETTY CASH FUND
BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

1,538,745.94

INTEREST PAYABLE
BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

AGUSTO DELILO, WITHDRAW

BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
 CDJ
PJ
SJ
GJ

1,927,596.37

SALES DISCOUNT
BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

2,344,758.92

SUPPLIES EXPENSE
BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 10,300.30

FREIGHT IN
BALANCE DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

903,097.50
 PETTY CASH FUND
DEBITS CREDITS BALANCE DATE
10,000.00

10,000.00 - 10,000.00

INTEREST PAYABLE
DEBITS CREDITS BALANCE DATE
48,500.00

10,666.67

37,833.33

48,500.00 48,500.00 -

GUSTO DELILO, WITHDRAWALS

DEBITS CREDITS BALANCE
 190,000.00

190,000.00 - 190,000.00

SALES DISCOUNT
DEBITS CREDITS BALANCE DATE

4,197.33

4,197.33 - 4,197.33

SUPPLIES EXPENSE
DEBITS CREDITS BALANCE DATE

4,320.25
 4,320.25 - 4,320.25

FREIGHT IN
DEBITS CREDITS BALANCE DATE

4,100.00

4,100.00 - 4,100.00
 NOTES RECEIVABLE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 120,000.00
CRJ 120,000.00
CDJ
PJ
SJ
GJ 15,000.00

135,000.00 120,000.00 15,000.00

ACCOUNTS PAYABLE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 216,160.00
CRJ
CDJ 548,310.00
PJ 1,043,669.20
SJ
GJ 15,050.00

563,360.00 1,259,829.20 696,469.20

 SALES RETURN AND ALLOWANCES
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ 3,169.64

3,169.64 - 3,169.64

INSURANCE EXPENSE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 - - -

PURCHASE DISCOUNTS
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ 7,984.82
PJ
SJ
GJ

- 7,984.82 7,984.82
 INTEREST RECEIVABLE
DATE PARTICULARS P/R DEBITS
Beginning balance 4,800.00
CRJ
CDJ
PJ
SJ
GJ

4,800.00

SALARIES PAYABLE
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

-
 INTEREST INCOME
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

RENT EXPENSE
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 -

PURCHASE RETURNS AND ALLOWANCES

DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

-
VABLE
CREDITS BALANCE DATE

1,200.00

3,600.00

4,800.00 -

BLE S
CREDITS BALANCE DATE

102,366.68

102,366.68 102,366.68
OME
CREDITS BALANCE

800.00

800.00 800.00

SE
CREDITS BALANCE DATE
 - -

D ALLOWANCES
CREDITS BALANCE

8,437.50

8,437.50 8,437.50
 ACCOUNTS RECEIVABLE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 192,000.00
CRJ 538,390.00
CDJ
PJ
SJ 603,450.00
GJ 25,050.00

795,450.00 563,440.00 232,010.00

SSS AND EC CONTRIBUTIONS PAYABLE

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 15,650.00
CRJ
CDJ 15,650.00 2,434.20
PJ
SJ
GJ 27,505.80

15,650.00 45,590.00 29,940.00

 UTILITIES EXPENSE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ 34,643.19
PJ
SJ
GJ
34,643.19 - 34,643.19
 ALLOWANCE FOR DOUBTFUL ACCOUNT
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ 6,500.00

6,500.00

PHILHEALTH CONTRIBUTIONS PAYABLE

DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ 6,407.50
PJ
SJ
GJ

6,407.50
 REPAIRS AND MAINTENANCE EXPENSE
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ 11,300.00
PJ
SJ
GJ
11,300.00
R DOUBTFUL ACCOUNTS
CREDITS BALANCE DATE
18,816.00

18,816.00 12,316.00

ONTRIBUTIONS PAYABLE
CREDITS BALANCE DATE
6,407.50

2,832.50

8,497.50

17,737.50 11,330.00
MAINTENANCE EXPENSE
CREDITS BALANCE DATE
- 11,300.00
 MERCHANDISE INVENTORY
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 635,600.00
CRJ
CDJ
PJ
SJ
GJ

635,600.00 - 635,600.00

PAG-IBIG CONTRIBUTIONS PAYABLE

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 1,800.00
CRJ
CDJ 1,800.00 450.00
PJ
SJ
GJ 1,350.00

1,800.00 3,600.00 1,800.00

 SALARIES EXPENSE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ 118,000.00
PJ
SJ
GJ 118,000.00
236,000.00 - 236,000.00
 SUPPLIES
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

WITHHOLDING TAXES PAYABLE

DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 SSS AND EC CONTRIBUTIONS EXPENSE
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ 25,071.60
25,071.60
UPPLIES
DEBITS CREDITS BALANCE
25,375.00

14,840.00

40,215.00 40,215.00

NG TAXES PAYABLE
DEBITS CREDITS BALANCE
14,102.24

14,102.24 9,916.62

9,916.62

14,102.24 33,935.48 19,833.24

EXPENSE PHILHEALTH CONTRIBUTIO
CREDITS BALANCE DATE PARTICULARS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
- 25,071.60
 PREPAID INSURANCE
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 33,000.00
CRJ
CDJ
PJ
SJ
GJ

33,000.00 - 33,000.00

RENT PAYABLE
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

- - -
PHILHEALTH CONTRIBUTIONS EXPENSE
P/R DEBITS CREDITS BALANCE

5,665.00
5,665.00 - 5,665.00
 PREPAID RENT
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ

UTILITIES PAYABLE
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 DOUBTFUL ACCOUNTS EXPENSE
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
- - -
 PREPAID RENT
DEBITS CREDITS BALANCE
120,000.00

120,000.00 - 120,000.00

UTILITIES PAYABLE
DEBITS CREDITS BALANCE

- - -
 DEPRECIATION EXPENSE- FURNITURE AND
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 FURNITURE AND FIXTURES
DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance 325,000.00
CRJ
CDJ
PJ 28,750.00
SJ
GJ 5,000.00

353,750.00 5,000.00

VALUE ADDED TAX PAYABLE

DATE PARTICULARS P/R DEBITS CREDITS
Beginning balance 63,003.00
CRJ
CDJ 63,003.00
PJ
SJ
GJ 164,961.57

63,003.00 227,964.57
EXPENSE- FURNITURE AND FIXTURES
DEBITS CREDITS BALANCE
- - -
 ACCUMULATE
BALANCE DATE

348,750.00

VAL
BALANCE DATE

164,961.57
 DEPRECIATION EXPENSE - EQUIPMENT
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
- - -
 ACCUMULATED DEPRECIATION - FURNITURE AND FIXTURES
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 28,828.12
CRJ
CDJ
PJ
SJ
GJ

- 28,828.12 28,828.12

VALUE ADDED TAX PAYABLE-INPUT TAX

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ 6,274.46 958.18
PJ 111,821.70
SJ
GJ 117,137.98

118,096.16 118,096.16 -
 DEPRECIATION EXPENSE - DELIVERY VEHICLE
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 EQUIPMENT
DATE PARTICULARS P/R DEBITS
Beginning balance 367,500.00
CRJ
CDJ
PJ
SJ
GJ

367,500.00

VALUE ADDED TAX PAYABLE-OUTPUT TAX

DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ 503.67
CDJ
PJ
SJ
GJ 280,867.41

281,371.08
NSE - DELIVERY VEHICLE INTER
DEBITS CREDITS BALANCE DATE
- - -
NT ACC
CREDITS BALANCE DATE

- 367,500.00

BLE-OUTPUT TAX
CREDITS BALANCE DATE

216,715.72

64,655.36

281,371.08 0.00
 INTERREST EXPENSE
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ 1,916.67
PJ
SJ
GJ
1,916.67 - 1,916.67
 ACCUMULATED DEPRECIATION -EQUIPMENT
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 92,500.00
CRJ
CDJ
PJ
SJ
GJ

- 92,500.00 92,500.00

INCOME TAXES PAYABLE

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ 323,779.56

- 323,779.56 323,779.56
 MISCELLANEOUS EXPENSE
DATE PARTICULARS P/R DEBITS
Beginning balance
CRJ
CDJ 2,670.00
PJ
SJ
GJ
2,670.00
 DELIVERY VEHICLE
DATE PARTICULARS P/R
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
 PAG-IBIG CONT. EXPEN
CREDITS BALANCE DATE PARTICULARS
Beginning balance
CRJ
CDJ
PJ
SJ
GJ
- 2,670.00
DELIVERY VEHICLE
DEBITS CREDITS BALANCE
615,000.00

615,000.00 - 615,000.00
 PAG-IBIG CONT. EXPENSE
P/R DEBITS CREDITS BALANCE
eginning balance

900.00
900.00 - 900.00
 ACCUMULATED DEPRECIATION - DELIVERY VEHICLE
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 27,500.00
CRJ
CDJ
PJ
SJ
GJ

- 27,500.00 27,500.00
 INCOME TAX EXPENSE
DATE PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
CRJ
CDJ
PJ
SJ
GJ 323,779.56
323,779.56 - 323,779.56
 RENT DEPOSIT
DATE PARTICULARS P/R DEBITS
Beginning balance 75,000.00
CRJ
CDJ
PJ
SJ
GJ

75,000.00
SIT UTIL
CREDITS BALANCE DATE

- 75,000.00
 UTILITIES DEPOSIT
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance 9,250.00
CRJ
CDJ
PJ
SJ
GJ

9,250.00 - 9,250.00
 ACCOUNTS RECEIVABLES
Accounts Receivable Subsidiary Ledger - Central Cellphone Display
DATE PARTICULARS P/R DEBITS
11/30/2018 Beginning balance 27,000.00

12/1/2018 Sold Merchandise on account SI No. 300 78,000.00

Received payment in full from sales OR 337/ SI
12/19/2018 on account 269
Received payment in full from sales OR No. 341/ SI
12/30/2018 on account 300

105,000.00

Accounts Receivable Subsidiary Ledger -Jericho Cellphone House

DATE PARTICULARS P/R DEBITS
Beginning balance 6,500.00
Jericho Cellphone House
12/31/2018 uncollectible accounts

6,500.00
 Accounts Receivable Subsidiary Ledger -Panasonic Marketing
DATE PARTICULARS P/R DEBITS
11/30/2018 Beginning balance 39,000.00

12/1/2018 Received payment in full OR No.332

12/4/2018 Sold Merchandise on account S.I. No. 301 46,800.00

85,800.00

Accounts Receivable Subsidiary Ledger -Gadgets Enterprises

DATE PARTICULARS P/R DEBITS
Beginning balance 38,400.00
S.I. 247/ O.R.
12/11/2018 Received payment in full 336
12/19/2018 Sold merchandise on account S.I. No. 304 79,650.00
12/31/2018 Received payment in full OR 342

118,050.00
 Accounts Receivable Subsidiary Ledger -Text and Cellphone House
DATE PARTICULARS P/R DEBITS
Beginning balance 26,800.00
Received payment in full
12/8/2018 OR No. 334
12/11/2018 Sold various cellphone accessories S.I. 302 65,290.00
on account
12/22/2018 Received payment in full SI 302
12/29/2018 Sold merchandise on account SI 305 98,600.00

190,690.00

Accounts Receivable Subsidiary Ledger -Anthony Cellphone and Repair Shop

DATE PARTICULARS P/R DEBITS
Beginning balance 24,300.00

12/4/2018 Allowance for defective CM No. 046

Merchandise
12/5/2018 Received payment in full S.I. 244/O.R.
No.333

12/16/2018 Sold merchandise on account S.I. 303 148,500.00

12/26/2018 Received payment in full S.I. 303

172,800.00
 Accounts Receivable Subsidiary Ledger -Easywide Communication Center
DATE PARTICULARS P/R DEBITS
Beginning balance 30,000.00
OR No.
12/8/2018 Received partial payment 335/S.I. No.
246

12/19/2018 Received full payment

30,000.00

Accounts Receivable Subsidiary Ledger -Mark Lester Demaylo

DATE PARTICULARS P/R DEBITS
Beginning balance
12/31/2018 Sold Merchandise on account SI 306
86,610.00

86,610.00
LES
ntral Cellphone Display Accounts Paya
CREDITS BALANCE DATE
11/30/2018
12/3/2018

27,000.00 12/20/2018

78,000.00

105,000.00 -

icho Cellphone House Accounts Payabl

CREDITS BALANCE DATE
11/30/2018

6,500.00 12/9/2012

12/16/2018

12/26/2018

6,500.00 -
anasonic Marketing Accounts Payable
CREDITS BALANCE DATE
11/30/2018
12/15/2018
39,000.00
12/24/2018

39,000.00 46,800.00

Gadgets Enterprises Accounts Payable

CREDITS BALANCE DATE
11/30/2018
12/13/2018
38,400.00

79,650.00

118,050.00 -
and Cellphone House Accounts Paya
CREDITS BALANCE DATE
11/30/2018
12/24/2018
26,800.00

65,290.00

92,090.00 98,600.00

Cellphone and Repair Shop Accounts P

CREDITS BALANCE DATE

3,550.00 12/2/2018

20,750.00 12/5/2018

12/17/2018

148,500.00 12/26/2018

172,800.00 -
de Communication Center
CREDITS BALANCE Accounts
DATE
15,000.00

12/5/2018
15,000.00

30,000.00 -

Mark Lester Demaylo Accounts Pay

CREDITS BALANCE DATE

12/12/2018

12/17/2018

- 86,610.00
 ACCOUNTS PAYABLE
Accounts Payable Subsidiary Ledger - Middle Earth Marketing
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance VN 293 39,400.00
VN 293/S.I.
Payment in full 39,400.00
No. 1934
Purchased merchandise on SI No. 8189 /
account VN 416 120,960.00

39,400.00 160,360.00 120,960.00

Accounts Payable Subsidiary Ledger - Vivo House and Accessories

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance VN 298 92,000.00
Received full payment on account
VN 298 92,000.00
Received merchandise
purchahsed on account VN 413 184,800.00

Issued check for the settlement of VN 413

the purchase under VN 413
184,800.00

276,800.00 276,800.00 -
 Accounts Payable Subsidiary Ledger -Harold Gadgets and Accessories
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance VN 297 22,400.00
Payment for the settlement of the
purchase made on Nov 25 VN 297 22,400.00
Purchased merchandise on
account VN 420 135,450.00

22,400.00 157,850.00 135,450.00

Accounts Payable Subsidiary Ledger -Moneyshop Cellphone Products

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance VN 299 46,000.00
VN 299/S.I.
Payment in full 46,000.00
1121

46,000.00 46,000.00 -
 Accounts Payable Subsidiary Ledger -Lester Samsung Products
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance VN 295 16,360.00
Issued check in the settlement of
Voucher 295 VN 295 16,360.00

16,360.00 16,360.00 -

Accounts Payable Subsidiary Ledger - Huawei Company

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
S.I.
Purchase merchandise on account No.900/VIN 156,800.00
405
C.M. No.
Returned defective merchandise 42/VN 409 9,450.00

Issued check for the payment of Check No.

0991243 / VN 147,350.00
VN. 409
409
Purchased merchandise on SI 1207/ VN
account No. 421 280,896.00

156,800.00 437,696.00 280,896.00

 Accounts Payable Subsidiary Ledger - Sumsung Inc.
PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance

Purchased vivo cellphones on VN 408

account 132,563.20

- 132,563.20 132,563.20

Accounts Payable Subsidiary Ledger - SM Department Store

PARTICULARS P/R DEBITS CREDITS BALANCE
Beginning balance
Purchase of office table and office VIN 412/SI 32,200.00
chairs on account No. 478

VN 414/CM
Returned purchased office table No. 075
and office chairs on account 5,600.00

5,600.00 32,200.00 26,600.00

 Gusting Cellphone and Accessories Store
Trial Balance

Trial Balance
Account Titles
Debits
Cash 1,538,745.94
Petty Cash Fund 10,000.00
Notes Receivable 15,000.00
Interest Receivable -
Accounts Receivable 232,010.00
Allowance for doubtful accounts
Merchandise Inventory 635,600.00
Supplies 40,215.00
Prepaid Insurance 33,000.00
Prepaid Rent 120,000.00
Furniture and Fixtures 348,750.00
Accumulated Depreciation-Furniture and Fixtures
Equipment 367,500.00
Accumulated Depreciation - Equipment
Delivery Vehicle 615,000.00
Accumulated Depreciation - Delivery Vehicle
Rent Deposit 75,000.00
Utilities Deposit 9,250.00
Notes Payable
Interst Payable
Accounts Payable
Salaries Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
Rent Payable
Utilities Payable
Value Added Tax Payable
Value Added Tax Payable-Input Tax -
Value Added Tax Payable-Output Tax
Income Tax Payable
Agustin Delilo, Capital
Agusto Delilo, Withdrawal 190,000.00
Sales
Sales Discounts 4,197.33
Sales Returns and Allowances 3,169.64
Interest Income
Purchases 903,097.50
Freight In 4,100.00
Purchases Discounts
Purchases Returns and Allowances
Advertrising Expense 10,300.30
Supplies Expense 4,320.25
Insurance Expense -
Rent Expense -
Utilities Expense 34,643.19
Repairs and Maintenance Expense 11,300.00
Salaries Expense 236,000.00
SSS and EC Contributions Expense 25,071.60
PhilHealth Contributions Expense 5,665.00
Pag-IBIG Contributions Expense 900.00
Doubtful Accounts Expense -
Depreciation Expense - Furniture and Fixtures -
Depreciation Expense - Equipment -
Depreciation Expense-Delivery Vehicle -
Intertest Expense 1,916.67
Miscellaneous Expense 2,670.00
TOTAL 5,477,422.42
re

Trial Balance
Credits

12,316.00

28,828.12

92,500.00

27,500.00

-
-
696,469.20
102,366.68
29,940.00
11,330.00
1,800.00
19,833.24
-
-
164,961.57

0.00
323,779.56
1,927,596.37

2,344,758.92

800.00
 7,984.82
8,437.50

5,801,201.98
 Unadjusted Trial Balance
Account Titles
Debits
Cash 1,538,745.94
Petty Cash Fund 10,000.00
Notes Receivable 15,000.00
Interest Receivable -
Accounts Receivable 232,010.00
Allowance for doubtful accounts
Merchandise Inventory 635,600.00
Supplies 40,215.00
Prepaid Insurance 33,000.00
Prepaid Rent 120,000.00
Furniture and Fixtures 348,750.00
Accumulated Depreciation-Furniture and Fixtures
Equipment 367,500.00
Accumulated Depreciation - Equipment
Delivery Vehicle 615,000.00
Accumulated Depreciation - Delivery Vehicle
Rent Deposit 75,000.00
Utilities Deposit 9,250.00
Notes Payable
Interest Payable
Accounts Payable
Salaries Payable
SSS and EC Contributions Payable
PhilHealth Contributions Payable
Pag-IBIG Contributions Payable
Withholding Taxes Payable
Rent Payable
Utilities Payable
Value Added Tax Payable
Value Added Tax Payable-Input Tax -
Value Added Tax Payable-Output Tax
Income Tax Payable
Agustin Delilo, Capital
Agusto Delilo, Withdrawal 190,000.00
Sales
Sales Discounts 4,197.33
Sales Returns and Allowances 3,169.64
Interest Income
Purchases 903,097.50
Freight In 4,100.00
Purchases Discounts
Purchases Returns and Allowances
Advertrising Expense 10,300.30
Supplies Expense 4,320.25
Insurance Expense -
Rent Expense -
Utilities Expense 34,643.19
Repairs and Maintenance Expense 11,300.00
Salaries Expense 236,000.00
SSS and EC Contributions Expense 25,071.60
PhilHealth Contributions Expense 5,665.00
Pag-IBIG Contributions Expense 900.00
Doubtful Accounts Expense -
Depreciation Expense - Furniture and Fixtures -
Depreciation Expense - Equipment -
Depreciation Expense-Delivery Vehicle -
Income Tax Expense 323,779.56
Intertest Expense 1,916.67
Miscellaneous Expense 2,670.00
TOTAL 5,801,201.98
Profit
TOTAL

Adjusting Journal Entries

Dec-18
Account Title DR
Insurance Expense 21,000.00
Prepaid Insurance

Depreciation Expense - Furniture and Fixtures 3,656.25

Accumulated Depreciation-Furniture and Fixtures

Depreciation Expense-Equipment 6,125.00

Accumulated Depreciation-Equipment

Depreciation Expense-Service Vehicle 4,583.33

Accumulated Depreciation - Service Vehicle
Total 35,364.58

Closing Entries
 Account Title DR
INCOME ACCOUNTS
Sales 2,344,758.92
Interest Income 800.00
Sales Discount
Sales Returns and Allowances
Income Summary

PURCHASES
Purchases Discounts 7,984.82
Purchases Returns and Allowances 8,437.50
Income Summary 890,775.18
Purchases
Freight In

EXPENSES
Income Summary 368,151.59
Advertrising Expense
Supplies Expense
Insurance Expense
Utilities Expense
Repairs and Maintenance Expense
Salaries Expense
SSS and EC Contributions Expense
PhilHealth Contributions Expense
Pag-IBIG Contributions Expense
Depreciation Expense - Furniture and Fixtures
Depreciation Expense - Equipment
Depreciation Expense-Delivery Vehicle
Intertest Expense
Miscellaneous Expense

WITHDRAWAL
Agusto Delilo, Capital 190,000.00
Agusto Delilo, Withdrawal

INCOME SUMMARY
Income Summary 1,079,265.18
Agusto Delilo, Capital
 Gusting Cellphone and Accessories Store
Worksheet
30-Nov-18
Unadjusted Trial Balance Adjustments Adjusted Trial Balance
Credits Debits Credits Debits Credits
1,538,745.94
10,000.00
15,000.00
-
232,010.00
12,316.00 12,316.00
635,600.00
40,215.00
21,000.00 12,000.00
120,000.00
348,750.00
28,828.12 3,656.25 32,484.37
367,500.00
92,500.00 6,125.00 98,625.00
615,000.00
27,500.00 4,583.33 32,083.33
75,000.00
9,250.00
- -
- -
696,469.20 696,469.20
102,366.68 102,366.68
29,940.00 29,940.00
11,330.00 11,330.00
1,800.00 1,800.00
19,833.24 19,833.24
- -
- -
164,961.57 164,961.57
-
0.00 0.00
323,779.56 323,779.56
1,927,596.37 1,927,596.37
190,000.00
2,344,758.92 2,344,758.92
4,197.33
3,169.64
800.00 800.00
903,097.50
 4,100.00
7,984.82 7,984.82
8,437.50 8,437.50
10,300.30
4,320.25
21,000.00 21,000.00
-
34,643.19
11,300.00
236,000.00
25,071.60
5,665.00
900.00
-
3,656.25 3,656.25
6,125.00 6,125.00
4,583.33 4,583.33
323,779.56
1,916.67
2,670.00
5,801,201.98 35,364.58 35,364.58 5,815,566.56 5,815,566.56

CR

21,000.00

3,656.25

6,125.00

4,583.33
35,364.58
 CR

4,197.33
3,169.64
2,338,191.95

903,097.50
4,100.00

10,300.30
4,320.25
21,000.00
34,643.19
11,300.00
236,000.00
25,071.60
5,665.00
900.00
3,656.25
6,125.00
4,583.33
1,916.67
2,670.00

190,000.00

755,485.62
 Balance Sheet Income Statement Closing Enties
Debits Credits Debits Credits Debits
1,538,745.94 -
10,000.00 -
15,000.00 -
- -
232,010.00 -
- 12,316.00
635,600.00 -
40,215.00 -
12,000.00 -
120,000.00 -
348,750.00 -
- 32,484.37
367,500.00 -
- 98,625.00
615,000.00 -
- 32,083.33
75,000.00 -
9,250.00 -
- -
- -
- 696,469.20
- 102,366.68
- 29,940.00
- 11,330.00
- 1,800.00
- 19,833.24
- -
- -
- 164,961.57
- -
- 0.00
- 323,779.56
- 1,927,596.37 190,000.00
190,000.00 -
- 2,344,758.92 2,344,758.92
4,197.33 -
3,169.64 -
- 800.00 800.00
903,097.50 -
 4,100.00 -
- 7,984.82 7,984.82
- 8,437.50 8,437.50
10,300.30 -
4,320.25 -
21,000.00 -
- -
34,643.19 -
11,300.00 -
236,000.00 -
25,071.60 -
5,665.00 -
900.00 -
- -
3,656.25 -
6,125.00 -
4,583.33 -
323,779.56
1,916.67 -
2,670.00 -
4,209,070.94 3,453,585.32 1,606,495.62 2,361,981.24 2,551,981.24
755,485.62 755,485.62
4,209,070.94 2,361,981.24
Closing Enties Post Closing Trial Balance
Credits Debits Credits
1,538,745.94 -
10,000.00 -
15,000.00 -
- -
232,010.00 -
- 12,316.00
635,600.00 -
40,215.00 -
12,000.00 -
120,000.00 -
348,750.00 -
- 32,484.37
367,500.00 -
- 98,625.00
615,000.00 -
- 32,083.33
75,000.00 -
9,250.00 -
- -
- -
- 696,469.20
- 102,366.68
- 29,940.00
- 11,330.00
- 1,800.00
- 19,833.24
- -
- -
- 164,961.57
- -
- 0.00
- 323,779.56
755,485.62 - 2,493,081.99
190,000.00 - -

4,197.33
3,169.64

903,097.50
 4,100.00

10,300.30
4,320.25
21,000.00

34,643.19
11,300.00
236,000.00
25,071.60
5,665.00
900.00

3,656.25
6,125.00
4,583.33

1,916.67
2,670.00
2,228,201.68 4,019,070.94 4,019,070.94
 Gusting and Cellphone Accessories
Statemnet of Financial Position
For the month ended December 31, 2018

Current Assets
Cash
Petty Cash Fund
Notes Receivable
Interest Receivable
Accounts Receivable
Allowance for doubtful accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Prepaid Rent