ALING NENA HIGH-TECH GOODS

Aling Nena High-Tech Goods is in the business of selling VR-capable headsets which allows the us

The company's bookkeeper suddenly resigned from the Company on January 1, 2019. Aling Nena

was pirated by another Adjusting entries have not been made for the month of December. In partic

The previous bookkeeper has already done all the journal entries for 2018, except for the adjusting

a) Bank reconciliation for the month of December 2018

b) Aging analysis for the month of December 2018
c) Adjustments of inventory based on the December 2018 physical count
d) Annual depreciation and interest expense for 2018
e) Accruals for December 2018

YOUR TASK: Aling Nena hired you to finish the work of the previous bookkeeper by preparin

You will find the following records in the succeeding tabs, which may help you in identifying the nec

REF Name of Document

FS| Financial statements
TB| Trial balance and General Ledger
 SAP| Significant accounting policies
01| Sales journal
02| Purchases journal
03| Cash receipts journal
04| Cash disbursements journal
05| Accounts receivable subsidiary ledger
06| Physical inventory count sheet
07| Long-term assets listing
08| Bank statement for December 2018

Good luck!
HIGH-TECH GOODS

headsets which allows the user to make "virtual calls" to any place in the world

January 1, 2019. Aling Nena found out two weeks later that it was because a competitor distributor pirated her in order to get s

month of December. In particular, the following procedures were not yet been done:

2018, except for the adjusting entries related to the following activities, whic

18 physical count

ous bookkeeper by preparing all the remaining adjusting entries for 20

help you in identifying the necessary adjusting entries in order to prepare

r
 ALING NENA HIGH-TECH GOODS
Income Statement
For the comparable years 2018 and 2017

2018
Sales revenue 71,150,000
Cost of Goods Sold
GROSS PROFIT 71,150,000

Salaries expense 8,038,960

Utilities expense 470,351
Communications expense 238,202
Supplies expense 434,426
Rent expense 1,200,000
Advertising expense 480,000
Freight expense 797,000
Insurance expense 597,750
Bad debt expense -
Depreciation expense -
Operating expenses 12,256,689
OPERATING INCOME 58,893,311

Interest income -
Interest expense -
NET INCOME BEFORE TAXES 58,893,311

Income tax expenses -

NET INCOME 58,893,311

ALING NENA HIGH-TECH GOODS

Balance Sheet
For the comparable years 2018 and 2017

2018
ASSETS
Cash 33,109,640
Accounts Receivable 6,150,966
Inventories 12,575,000
Prepaid and Other Assets 320,000
Total Current Assets 52,155,607
Property, Plant and Equipment 9,265,824
TOTAL ASSETS 61,421,431

LIABILITIES AND EQUITY

Accounts Payable 10,197,222
Income tax payable -
Accrued Expenses -
Total Current Liabilities 10,197,222
Long-Term Loans Payable 20,000,000
Total Liabilities 30,197,222
Aling Nena, Capital 63,367,453
TOTAL LIABILITIES AND EQUI 93,564,676
ECH GOODS
ment
s 2018 and 2017

2017
64,947,500
32,629,624
32,317,876

7,336,535
486,177
248,011
396,721
1,200,000
480,000
727,522
545,641
63,034
545,641
11,420,607
20,897,269

65,791
1,600,000
19,363,060

5,808,918
15,088,351

ECH GOODS
eet
s 2018 and 2017

2017

13,957,242
1,886,966
12,575,000
320,000
28,739,208
9,265,824
38,005,032

7,350,000
5,808,918
371,972
13,530,890
20,000,000
33,530,890
4,474,142
38,005,032
 ALING NENA HIGH-TECH GOOD
TRIAL BALANCE
DECEMEBER 2018

ACCT CODE ACCOUNT TITLE Unadjusted TB

Debit Credit
10100 Cash 33,473,075.31
10200 Accounts Receivable 6,214,000.00
10210 Allowance for Doubtful Accounts 63,033.75
10310 Inventories
10400 Prepaid rent 200,000.00
10400 Prepaid advertising 120,000.00
10500 Office equipment 254,198.00
10510 Accumulated Depreciation - OE 45,755.64
10500 Transportation equipment 2,465,985.00
10510 Accumulated Depreciation - TE 179,468.16
10500 Leasehold improvements 6,927,593.00
10510 Accumulated Depreciation - LI 156,728.25
20100 Accounts Payable 10,197,222.17
20210 Salaries Payable -
20220 Utilities payable -
20230 Communications payable -
20300 Income tax payable -
20400 Loans Payable 20,000,000.00
30100 Aling Nena, Capital 4,474,142.48
30200 Aling Nena, Drawings
40100 Sales revenue 71,150,000.00
40110 Sales discounts
40200 Interest revenue
50100 Purchases 32,143,244.92
50210 Salaries expense 8,343,223.19
50220 Utilities expense -132,085.23
50230 Communications expense 223,222.48
50240 Supplies expense 434,426.00
50250 Rent expense 1,200,000.00
50260 Advertising expense 480,000.00
50270 Freight expense 797,000.00
50280 Insurance expense 597,750.00
50310 Bad debt expense -
50320 Depreciation expense -
50400 Interest expense
 50500 Income tax expense

TOTAL TOTAL 93,741,632.67 106,266,350.45

-12,524,717.78

DECEMBER ADJUSTING ENTRIES:

ACCT CODE ACCOUNT TITLE Debit Credit

NENA HIGH-TECH GOODS
TRIAL BALANCE
DECEMEBER 2018

Adjustments Adjusted TB 31-Dec-17

Debit Credit Debit Credit Debit
- - 33,473,075.31 13,957,242.00
- - 6,214,000.00 1,950,000.00
- - 63,033.75
- - #VALUE!
- - 200,000.00 200,000.00
- - 120,000.00 120,000.00
- - 254,198.00 254,198.00
- - 45,755.64
- - 2,465,985.00 2,465,985.00
- - T 179,468.16
- - 6,927,593.00 6,927,593.00
- - 156,728.25
- - 10,197,222.17
- - -
- -
- -
- -
- - 20,000,000.00
- - 4,474,142.48
- - -
- - 71,150,000.00
- - -
- - -
- - 32,143,244.92
- - 8,343,223.19
- - -132,085.23
- - 223,222.48
- - 434,426.00
- - 1,200,000.00
- - 480,000.00
- - 797,000.00
- - 597,750.00
- - -
- - -
- - -
- - -

- - #VALUE! 106,266,350.45 25,875,018.00

- #VALUE!
31-Dec-17
Credit

63,033.75

45,755.64

179,468.16

156,728.25
7,350,000.00
312,800.00
38,803.68
20,368.00
5,808,918.04
20,000,000.00
4,474,142
38,450,018.00

-12,575,000.00
 ALING NENA HIGH-TECH

Per inquiry with the Management, you identified that the Company follows the follo

CASH

Only cash receipts from customers are recorded in the cash receipts journal. Accor

Cash disbursements are either debited to (a) accounts payable for payments to its

20-Nov-18 Rent expense

Cash

Bank reconciliations are done on a monthly basis. However, the previous accounta

RECEIVABLES

Receivables only pertain to customer orders that have not yet been paid. Accounts

Past due accounts are subject to an aging analysis, using the following loss rates:

Not past due

0 to 30 days past due
31 to 60 days past due
61 to 90 days past due
> 90 days past due

There were no writeoffs during the year.

INVENTORIES
The Company prepares its inventory records under the periodic method, and condu

ACCRUALS

The following expenditures related to 2018 operations are expected to be paid in J

PhP 328,440 Salaries for work done from December 16 to 31 wi

18,953 PLDT Phone and Internet Bill for December 2018
401,088 Meralco Electricity Bill for December 2018
116,285 Maynilad Water Bill for December 2018

FIXED ASSETS

Property, plant and equipment items are only depreciation at the end of each year.

LOANS

The Company entered into a loan with Pinoy Bank amounting to P20,000,000, pay

INCOME TAXES

The Company's income tax rate is 30%, which is calculated directly from "Net Inco

31-Dec-18 Income tax payable

Income tax expense

CAPITAL

Aling Nena withdrew P12,000,000 in December 20, for her personal use. This has
 ALING NENA HIGH-TECH GOODS

he Company follows the following policies:

e cash receipts journal. Accordingly, any other increases in cash are manually entered into th

s payable for payments to its supplier, and (b) expense for all other expenditures. For exam

300,000
300,000

wever, the previous accountant was not able to do the one for December 2018.

e not yet been paid. Accounts receivable is debited upon sale of an asset, and credited upon co

sing the following loss rates:

Loss Rate
0%
2%
5%
10%
40%
he periodic method, and conducts a physical inventory count at least once a year (at the end of t

s are expected to be paid in January 2019:

ne from December 16 to 31 will be paid on January 2, 2019

ernet Bill for December 2018
ll for December 2018
or December 2018

ation at the end of each year. The accountant has not recorded the depreciation for the year.

mounting to P20,000,000, payable in December 31, 2025. The applicable interest rate is 8%

ulated directly from "Net Income Before Taxes". The income tax will be payable in April 2019. T

XXX
me tax expense XXX

or her personal use. This has not yet been recorded in the general journal.
 Sales Journal
ALING NENA HIGH-TECH G

Sales Invoice Date

Sales Invoice No. CUSTOMER
22-Jan-18 SI10341 Angel Karen Laxamana Cayetano
8-Jan-18 SI10342 Micaela Rosalinde Magsaysay Claridad
1-Jan-18 SI10343 Julieta Landyn Rice Flores
19-Jan-18 SI10344 Jefferson Coquia Cereza
8-Jan-18 SI10345 Caitlyn Lim Infante
31-Jan-18 SI10346 Ulysses Mangsinco Alicante
26-Jan-18 SI10347 Marcela Busran Tortal
10-Jan-18 SI10348 Lela De Corpuz
13-Jan-18 SI10349 Kaylynn Aurkene Simpao Escalante
1-Feb-18 SI10350 Sophia Lala Baang Astillo
8-Feb-18 SI10351 Shakira Jeanette Talatala Bayona
3-Feb-18 SI10352 Piper Rachelle Kimura Murcia
26-Feb-18 SI10353 Marlene Pasha Mangayao Atega
1-Feb-18 SI10354 Materia Desideria Tangco Moreno
5-Feb-18 SI10355 Houston Gustavo Jante Azarcón
7-Feb-18 SI10356 Omar Brent Cader Gil
27-Feb-18 SI10357 Alaina Jessica Kishimoto Rivera
4-Feb-18 SI10358 Verda Madena Pagsisihan Villaromán
21-Feb-18 SI10359 Zain Tyree Inoue Torres
23-Feb-18 SI10360 Dylon Cesar Simangan Quiñones
1-Feb-18 SI10361 Cedric Alberto Suzuki Abatayo
28-Feb-18 SI10362 Cassidy Celine Salapudin Matias
22-Mar-18 SI10363 Nelson Tyshawn Anderson Pérez
14-Mar-18 SI10364 Joshua Glenn Sayson Buenaventura
17-Mar-18 SI10365 Ignado Julius Logan Chio
19-Mar-18 SI10366 Elisha Kellen Co Medina
24-Mar-18 SI10367 Tavion Brennen Siazon Flores
29-Mar-18 SI10368 Porfiro Mitchel Tangkiang Cereza
13-Apr-18 SI10369 Honorato Jamar Manlapaz Sarte
08-Apr-18 SI10370 Montes Arlo Deonzon Celiz
12-Apr-18 SI10371 Isaias Platon Macawili Estillore
06-Apr-18 SI10372 Trent Harold Magpulong Arce
29-Apr-18 SI10373 Montenegro Victoriano Lacson Estolas
22-Apr-18 SI10374 Matia Marcella Mangurun Leaño
20-Apr-18 SI10375 Cora Denisa Bryant Buñag
01-May-18 SI10376 Skyla Kimberly Lanta Lacanilao
08-Apr-18 SI10377 Amelia Patience Yuson Abracosa
01-May-18 SI10378 Sarah Alejandra Abantas Borja
21-Apr-18 SI10379 Dulce Fiona Syjuco Sicat
29-Apr-18 SI10380 Louredes Norma Luansing Tupas
11-Apr-18 SI10381 Cecelia Karly Shiochi Punzalan
2-May-18 SI10382 Kendall Yizel Tiolengco Pastor
21-May-18 SI10383 Mya Lexie Umpa Lontoc
30-May-18 SI10384 Edwardo Agustin Maruhombsar Castañ
9-May-18 SI10385 Bryce Stephan Tupas Galvez
15-May-18 SI10386 Arnold Neal Buyco Ventura
9-May-18 SI10387 Camila Neva Tungol Batac
30-May-18 SI10388 Imelda Diamond Talon Macatangay
9-May-18 SI10389 Chasity Magdalen Pabustan Mipa
14-May-18 SI10390 Loren Florinia Shiochi Cruzada
21-May-18 SI10391 Brooklyn Ezmeralda Sharif Villarin
17-Jun-18 SI10392 Janiya Madalyn Linganyan Andal
02-Jun-18 SI10393 Aileen Eleadora Canasa Legazpí
13-Jun-18 SI10394 Shawn Nehemiah Bashir Buenavidez
01-Jun-18 SI10395 Montrelle Cristiano Ricketts Puentespin
30-Jun-18 SI10396 Danny Teyo Yuson Reoja
30-Jul-18 SI10397 Mustafa Richie Quingco Maranan
12-Jul-18 SI10398 Karlee Zurine Sinagtala Cerezo
15-Jul-18 SI10399 Enriqueta Kirsten Amerol Jacinto
03-Jul-18 SI10400 Janie Reia Dulalas Zarate
30-Jul-18 SI10401 Eufemia Alia Macaraeg Fernández
05-Jul-18 SI10402 Isabella Yara Peria Jugueta
12-Aug-18 SI10403 Chamayra Rita Pecson Lázaro
16-Aug-18 SI10404 Sterling Orland Paña Rosales
12-Aug-18 SI10405 Craig Colt Ancatan Galang
01-Aug-18 SI10406 Jerry Emilio Uy Astillo
07-Aug-18 SI10407 Chico Andy Mallari Borres
01-Aug-18 SI10408 Ebony Marisa Sultan Salazar
24-Aug-18 SI10409 Rica Eden Adiong Lingao
11-Aug-18 SI10410 Marta Armena Casan Flores
18-Sep-18 SI10411 Michelle Cira Manyakes Medina
21-Sep-18 SI10412 Consuela Melosia Suasi Rodríguez
20-Oct-18 SI10413 Domenic Dayton Hopkins Nallos
06-Oct-18 SI10414 Zackary Dillan Henson Gatus
08-Oct-18 SI10415 Natanael Austyn Buyco Martínez
10-Oct-18 SI10416 Victorino Kevin Magsino Baylosis
02-Oct-18 SI10417 Kristina Joaquina Quicho Legazpí
08-Oct-18 SI10418 Estrellita Madrona Kaneko Capillo
04-Oct-18 SI10419 Lucy Ruth Dimakuta Cerinza
19-Oct-18 SI10420 Greta Rosalinda Tambuatco Lingao
22-Oct-18 SI10421 Zaria Myra Balindong Regis
07-Oct-18 SI10422 Talon Gerard King Zarate
17-Oct-18 SI10423 Gerald Joseph Agatep Manansala
30-Oct-18 SI10424 Justin Harrison Ganzon Torrealba
12-Nov-18 SI10425 Izaiah Nicholas Logan Ramos
19-Nov-18 SI10426 Keeley Monserrat Magan Tibayan
21-Nov-18 SI10427 Breonna Roana Tungol Bernardino
22-Nov-18 SI10428 Quinta Anaya Congco Bayona
28-Nov-18 SI10429 Tiana Ariel Ishida Eusebio
03-Dec-18 SI10430 Arlo Sidney Tapalla Azarcón
12-Dec-18 SI10431 Donovan Florinio Uytengsu Gatus
29-Dec-18 SI10432 Jaime Sawyer Abdul Formalouza
 CREDIT TERMS
PRODUCT INV. PRICE Freight Terms Discount Term (in days) Due Date
Model V 250,000.00 FOB destination 2/10 30 21-Feb-18
Model Z 1,500,000.00 FOB shipping point 4/20 90 8-Apr-18
Model Z 1,500,000.00 FOB shipping point 2/10 30 31-Jan-18
Model X 700,000.00 FOB destination 4/20 90 19-Apr-18
Model X 700,000.00 FOB shipping point 3/15 60 9-Mar-18
Model Y 1,000,000.00 FOB destination 2/10 30 2-Mar-18
Model Y 1,000,000.00 FOB destination 2/10 30 25-Feb-18
Model X 700,000.00 FOB destination 4/20 90 10-Apr-18
Model Y 1,000,000.00 FOB shipping point 3/15 60 14-Mar-18
Model Y 1,000,000.00 FOB shipping point 4/20 90 2-May-18
Model V 250,000.00 FOB shipping point 4/20 90 9-May-18
Model Z 1,500,000.00 FOB destination 3/15 60 4-Apr-18
Model V 250,000.00 FOB shipping point 4/20 90 27-May-18
Model V 250,000.00 FOB shipping point 3/15 60 2-Apr-18
Model Z 1,500,000.00 FOB destination 2/10 30 7-Mar-18
Model Z 1,500,000.00 FOB shipping point 2/10 30 9-Mar-18
Model Y 1,000,000.00 FOB destination 4/20 90 28-May-18
Model Y 1,000,000.00 FOB shipping point 4/20 90 5-May-18
Model X 700,000.00 FOB shipping point 4/20 90 22-May-18
Model Z 1,500,000.00 FOB destination 4/20 90 24-May-18
Model W 450,000.00 FOB destination 4/20 90 2-May-18
Model Y 1,000,000.00 FOB destination 4/20 90 29-May-18
Model V 250,000.00 FOB shipping point 4/20 90 20-Jun-18
Model W 450,000.00 FOB destination 2/10 30 13-Apr-18
Model V 250,000.00 FOB shipping point 4/20 90 15-Jun-18
Model V 250,000.00 FOB destination 2/10 30 18-Apr-18
Model Z 1,500,000.00 FOB shipping point 4/20 90 22-Jun-18
Model V 250,000.00 FOB destination 3/15 60 28-May-18
Model W 450,000.00 FOB destination 3/15 60 12-Jun-18
Model X 700,000.00 FOB shipping point 4/20 90 07-Jul-18
Model Y 1,000,000.00 FOB destination 2/10 30 12-May-18
Model V 250,000.00 FOB shipping point 2/10 30 06-May-18
Model Z 1,500,000.00 FOB destination 3/15 60 28-Jun-18
Model W 450,000.00 FOB destination 4/20 90 21-Jul-18
Model Z 1,500,000.00 FOB destination 3/15 60 19-Jun-18
Model W 450,000.00 FOB shipping point 4/20 90 30-Jul-18
Model Z 1,500,000.00 FOB shipping point 4/20 90 07-Jul-18
Model Y 1,000,000.00 FOB destination 3/15 60 30-Jun-18
Model Z 1,500,000.00 FOB shipping point 2/10 30 21-May-18
Model W 450,000.00 FOB shipping point 4/20 90 28-Jul-18
Model Z 1,500,000.00 FOB shipping point 3/15 60 10-Jun-18
Model Y 1,000,000.00 FOB destination 3/15 60 1-Jul-18
Model V 250,000.00 FOB destination 2/10 30 20-Jun-18
Model X 700,000.00 FOB destination 2/10 30 29-Jun-18
Model V 250,000.00 FOB destination 4/20 90 7-Aug-18
Model Y 1,000,000.00 FOB shipping point 2/10 30 14-Jun-18
Model Y 1,000,000.00 FOB destination 2/10 30 8-Jun-18
Model V 250,000.00 FOB destination 3/15 60 29-Jul-18
Model W 450,000.00 FOB destination 4/20 90 7-Aug-18
Model X 700,000.00 FOB destination 4/20 90 12-Aug-18
Model Y 1,000,000.00 FOB destination 3/15 60 20-Jul-18
Model X 700,000.00 FOB destination 4/20 90 15-Sep-18
Model V 250,000.00 FOB shipping point 4/20 90 31-Aug-18
Model V 250,000.00 FOB shipping point 3/15 60 12-Aug-18
Model V 250,000.00 FOB shipping point 4/20 90 30-Aug-18
Model W 450,000.00 FOB shipping point 2/10 30 30-Jul-18
Model W 450,000.00 FOB destination 4/20 90 28-Oct-18
Model V 250,000.00 FOB destination 4/20 90 10-Oct-18
Model X 700,000.00 FOB destination 2/10 30 14-Aug-18
Model W 450,000.00 FOB destination 4/20 90 01-Oct-18
Model Z 1,500,000.00 FOB shipping point 3/15 60 28-Sep-18
Model X 700,000.00 FOB shipping point 2/10 30 04-Aug-18
Model Z 1,500,000.00 FOB destination 3/15 60 11-Oct-18
Model Y 1,000,000.00 FOB destination 2/10 30 15-Sep-18
Model Z 1,500,000.00 FOB destination 4/20 90 10-Nov-18
Model V 250,000.00 FOB shipping point 4/20 90 30-Oct-18
Model W 450,000.00 FOB shipping point 2/10 30 06-Sep-18
Model W 450,000.00 FOB destination 4/20 90 30-Oct-18
Model Z 1,500,000.00 FOB shipping point 3/15 60 23-Oct-18
Model Z 1,500,000.00 FOB destination 4/20 90 09-Nov-18
Model Z 1,500,000.00 FOB destination 4/20 90 17-Dec-18
Model W 450,000.00 FOB shipping point 4/20 90 20-Dec-18
Model V 250,000.00 FOB shipping point 4/20 90 18-Jan-19
Model Z 1,500,000.00 FOB shipping point 3/15 60 05-Dec-18
Model V 250,000.00 FOB destination 3/15 60 07-Dec-18
Model W 450,000.00 FOB shipping point 4/20 90 08-Jan-19
Model W 450,000.00 FOB destination 4/20 90 31-Dec-18
 Model X 700,000.00 FOB shipping point 4/20 90 06-Jan-19
Model Y 1,000,000.00 FOB shipping point 4/20 90 02-Jan-19
Model V 250,000.00 FOB destination 4/20 90 17-Jan-19
Model Z 1,500,000.00 FOB destination 2/10 30 21-Nov-18
Model Y 1,000,000.00 FOB destination 3/15 60 06-Dec-18
Model W 450,000.00 FOB shipping point 3/15 60 16-Dec-18
Model X 700,000.00 FOB shipping point 3/15 60 29-Dec-18
Model V 250,000.00 FOB shipping point 4/20 90 10-Feb-19
Model W 450,000.00 FOB destination 2/10 30 19-Dec-18
Model W 450,000.00 FOB destination 4/20 90 19-Feb-19
Model Z 1,500,000.00 FOB destination 2/10 30 22-Dec-18
Model X 700,000.00 FOB destination 2/10 30 28-Dec-18
Model V 250,000.00 FOB shipping point 4/20 90 03-Mar-19
Model V 250,000.00 FOB destination 2/10 30 11-Jan-19
Model X 700,000.00 FOB shipping point 3/15 60 27-Feb-19

###

TOTAL
Model V 23
Model W 18
Model X 14
Model Y 16
Model Z 19
TOTAL PRODU 90
 797,000 597,750

Cost of Inventory Freight Insurance

#N/A 5,000.00 3,750.00
#N/A - -
#N/A - -
#N/A 14,000.00 10,500.00
#N/A - -
#N/A 20,000.00 15,000.00
#N/A 20,000.00 15,000.00
#N/A 14,000.00 10,500.00
#N/A - -
#N/A - -
#N/A - -
#N/A 30,000.00 22,500.00
#N/A - -
#N/A - -
#N/A 30,000.00 22,500.00
#N/A - -
#N/A 20,000.00 15,000.00
#N/A - -
#N/A - -
#N/A 30,000.00 22,500.00
#N/A 9,000.00 6,750.00
#N/A 20,000.00 15,000.00
#N/A - -
#N/A 9,000.00 6,750.00
#N/A - -
#N/A 5,000.00 3,750.00
#N/A - -
#N/A 5,000.00 3,750.00
#N/A 9,000.00 6,750.00
#N/A - -
#N/A 20,000.00 15,000.00
#N/A - -
#N/A 30,000.00 22,500.00
#N/A 9,000.00 6,750.00
#N/A 30,000.00 22,500.00
#N/A - -
#N/A - -
#N/A 20,000.00 15,000.00
#N/A - -
#N/A - -
#N/A - -
#N/A 20,000.00 15,000.00
#N/A 5,000.00 3,750.00
#N/A 14,000.00 10,500.00
#N/A 5,000.00 3,750.00
#N/A - -
#N/A 20,000.00 15,000.00
#N/A 5,000.00 3,750.00
#N/A 9,000.00 6,750.00
#N/A 14,000.00 10,500.00
#N/A 20,000.00 15,000.00
#N/A 14,000.00 10,500.00
#N/A - -
#N/A - -
#N/A - -
#N/A - -
#N/A 9,000.00 6,750.00
#N/A 5,000.00 3,750.00
#N/A 14,000.00 10,500.00
#N/A 9,000.00 6,750.00
#N/A - -
#N/A - -
#N/A 30,000.00 22,500.00
#N/A 20,000.00 15,000.00
#N/A 30,000.00 22,500.00
#N/A - -
#N/A - -
#N/A 9,000.00 6,750.00
#N/A - -
#N/A 30,000.00 22,500.00
#N/A 30,000.00 22,500.00
#N/A - -
#N/A - -
#N/A - -
#N/A 5,000.00 3,750.00
#N/A - -
#N/A 9,000.00 6,750.00
#N/A - -
#N/A - -
#N/A 5,000.00 3,750.00
#N/A 30,000.00 22,500.00
#N/A 20,000.00 15,000.00
#N/A - -
#N/A - -
#N/A - -
#N/A 9,000.00 6,750.00
#N/A 9,000.00 6,750.00
#N/A 30,000.00 22,500.00
#N/A 14,000.00 10,500.00
#N/A - -
#N/A 5,000.00 3,750.00
#N/A - -
Purchases Journal
ALING NENA HIGH-TECH GOODS

Purchase Date
Purchase Order Number PRODUCT NO. OF UNITS
12-Jan-18 PO152 Model V 5
12-Jan-18 PO153 Model W 3
12-Jan-18 PO154 Model X 3
12-Jan-18 PO155 Model Y 2
12-Jan-18 PO156 Model Z 3
25-Apr-18 PO157 Model V 4
25-Apr-18 PO158 Model W 4
25-Apr-18 PO159 Model X 6
25-Apr-18 PO160 Model Y 6
25-Apr-18 PO161 Model Z 2
7-Jul-18 PO162 Model V 5
7-Jul-18 PO163 Model W 5
7-Jul-18 PO164 Model X 5
7-Jul-18 PO165 Model Y 4
7-Jul-18 PO166 Model Z 3
28-Oct-18 PO167 Model V 7
28-Oct-18 PO168 Model W 4
28-Oct-18 PO169 Model X 4
28-Oct-18 PO170 Model Y 5
28-Oct-18 PO171 Model Z 5

TOTAL PURCHASES

NOT YET PAID

TOTAL
Model V
Model W
Model X
Model Y
Model Z
TOTAL PURCH
 CREDIT TERMS
UNIT PRICE TOTAL PRICE Freight Terms Discount Term (in days) Due Date
125,000.00 625,000.00 FOB destination 4/20 90 12-Apr-18
225,000.00 675,000.00 FOB destination 4/20 90 12-Apr-18
350,000.00 1,050,000.00FOB destination 4/20 90 12-Apr-18
500,000.00 1,000,000.00FOB destination 4/20 90 12-Apr-18
750,000.00 2,250,000.00FOB destination 4/20 90 12-Apr-18
127,500.00 510,000.00 FOB destination 4/20 90 24-Jul-18
229,950.00 919,800.00 FOB destination 4/20 90 24-Jul-18
358,400.00 2,150,400.00FOB destination 4/20 90 24-Jul-18
515,000.00 3,090,000.00FOB destination 4/20 90 24-Jul-18
772,500.00 1,545,000.00FOB destination 4/20 90 24-Jul-18
130,177.50 650,887.50 FOB destination 4/20 90 5-Oct-18
234,319.05 1,171,595.25FOB destination 4/20 90 5-Oct-18
365,568.00 1,827,840.00FOB destination 4/20 90 5-Oct-18
526,845.00 2,107,380.00FOB destination 4/20 90 5-Oct-18
791,040.00 2,373,120.00FOB destination 4/20 90 5-Oct-18
134,082.83 938,579.78 FOB destination 4/20 90 26-Jan-19
241,348.62 965,394.49 FOB destination 4/20 90 26-Jan-19
376,535.04 1,506,140.16FOB destination 4/20 90 26-Jan-19
542,650.35 2,713,251.75FOB destination 4/20 90 26-Jan-19
814,771.20 4,073,856.00FOB destination 4/20 90 26-Jan-19

AL PURCHASES ###

###

21
16
18
17
13
85
 Date Paid
12-Apr-18
12-Apr-18
12-Apr-18
12-Apr-18
12-Apr-18
22-Jul-18
22-Jul-18
22-Jul-18
22-Jul-18
22-Jul-18
6-Oct-18
6-Oct-18
6-Oct-18
6-Oct-18
6-Oct-18
NOT YET PAID
NOT YET PAID
NOT YET PAID
NOT YET PAID
NOT YET PAID
Cash Receipts Ledger
ALING NENA HIGH-TECH GOODS
Sales Invoice
Date CUSTOMER Number
3-Jan-18 Aldo Daniel Dimaguiba Rubio SI10339
11-Jan-18 Lance Omari Coquia Buenavidez SI10340
18-Jan-18 Julieta Landyn Rice Flores SI10343
27-Jan-18 Kaylynn Aurkene Simpao Escalante SI10349
15-Feb-18 Jefferson Coquia Cereza SI10344
18-Feb-18 Marcela Busran Tortal SI10347
19-Feb-18 Angel Karen Laxamana Cayetano SI10341
22-Feb-18 Verda Madena Pagsisihan Villaromán SI10358
24-Feb-18 Micaela Rosalinde Magsaysay Claridad SI10342
25-Feb-18 Houston Gustavo Jante Azarcón SI10355
26-Feb-18 Lela De Corpuz SI10348
27-Feb-18 Piper Rachelle Kimura Murcia SI10352
28-Feb-18 Ulysses Mangsinco Alicante SI10346
7-Mar-18 Omar Brent Cader Gil SI10356
9-Mar-18 Sophia Lala Baang Astillo SI10350
13-Mar-18 Caitlyn Lim Infante SI10345
19-Mar-18 Cedric Alberto Suzuki Abatayo SI10361
24-Mar-18 Materia Desideria Tangco Moreno SI10354
25-Mar-18 Shakira Jeanette Talatala Bayona SI10351
26-Mar-18 Cassidy Celine Salapudin Matias SI10362
28-Mar-18 Dylon Cesar Simangan Quiñones SI10360
2-Apr-18 Zain Tyree Inoue Torres SI10359
04-Apr-18 Ignado Julius Logan Chio SI10365
11-Apr-18 Joshua Glenn Sayson Buenaventura SI10364
12-Apr-18 Alaina Jessica Kishimoto Rivera SI10357
16-Apr-18 Marlene Pasha Mangayao Atega SI10353
17-Apr-18 Elisha Kellen Co Medina SI10366
20-Apr-18 Trent Harold Magpulong Arce SI10372
27-Apr-18 Montes Arlo Deonzon Celiz SI10370
01-May-18 Dulce Fiona Syjuco Sicat SI10379
03-May-18 Isaias Platon Macawili Estillore SI10371
04-May-18 Honorato Jamar Manlapaz Sarte SI10369
10-May-18 Matia Marcella Mangurun Leaño SI10374
10-May-18 Cecelia Karly Shiochi Punzalan SI10381
11-May-18 Nelson Tyshawn Anderson Pérez SI10363
16-May-18 Porfiro Mitchel Tangkiang Cereza SI10368
19-May-18 Tavion Brennen Siazon Flores SI10367
25-May-18 Cora Denisa Bryant Buñag SI10375
25-May-18 Louredes Norma Luansing Tupas SI10380
28-May-18 Bryce Stephan Tupas Galvez SI10385
01-Jun-18 Amelia Patience Yuson Abracosa SI10377
5-Jun-18 Camila Neva Tungol Batac SI10387
17-Jun-18 Montenegro Victoriano Lacson Estolas SI10373
17-Jun-18 Loren Florinia Shiochi Cruzada SI10390
18-Jun-18 Arnold Neal Buyco Ventura SI10386
20-Jun-18 Sarah Alejandra Abantas Borja SI10378
21-Jun-18 Skyla Kimberly Lanta Lacanilao SI10376
21-Jun-18 Edwardo Agustin Maruhombsar Castañeda SI10384
21-Jun-18 Chasity Magdalen Pabustan Mipa SI10389
24-Jun-18 Mya Lexie Umpa Lontoc SI10383
26-Jun-18 Imelda Diamond Talon Macatangay SI10388
5-Jul-18 Kendall Yizel Tiolengco Pastor SI10382
7-Jul-18 Brooklyn Ezmeralda Sharif Villarin SI10391
08-Jul-18 Aileen Eleadora Canasa Legazpí SI10393
20-Jul-18 Shawn Nehemiah Bashir Buenavidez SI10394
21-Jul-18 Janie Reia Dulalas Zarate SI10400
24-Jul-18 Danny Teyo Yuson Reoja SI10396
25-Jul-18 Isabella Yara Peria Jugueta SI10402
26-Jul-18 Janiya Madalyn Linganyan Andal SI10392
27-Jul-18 Montrelle Cristiano Ricketts Puentespina SI10395
12-Aug-18 Enriqueta Kirsten Amerol Jacinto SI10399
02-Sep-18 Karlee Zurine Sinagtala Cerezo SI10398
03-Sep-18 Sterling Orland Paña Rosales SI10404
04-Sep-18 Jerry Emilio Uy Astillo SI10406
06-Sep-18 Marta Armena Casan Flores SI10410
07-Sep-18 Chico Andy Mallari Borres SI10407
15-Sep-18 Mustafa Richie Quingco Maranan SI10397
17-Sep-18 Craig Colt Ancatan Galang SI10405
19-Sep-18 Rica Eden Adiong Lingao SI10409
20-Sep-18 Eufemia Alia Macaraeg Fernández SI10401
16-Oct-18 Chamayra Rita Pecson Lázaro SI10403
22-Oct-18 Talon Gerard King Zarate SI10422
30-Oct-18 Lucy Ruth Dimakuta Cerinza SI10419
12-Nov-18 Kristina Joaquina Quicho Legazpí SI10417
16-Nov-18 Estrellita Madrona Kaneko Capillo SI10418
21-Nov-18 Consuela Melosia Suasi Rodríguez SI10412
24-Nov-18 Domenic Dayton Hopkins Nallos SI10413
26-Nov-18 Natanael Austyn Buyco Martínez SI10415
29-Nov-18 Victorino Kevin Magsino Baylosis SI10416
30-Nov-18 Izaiah Nicholas Logan Ramos SI10425
07-Dec-18 Quinta Anaya Congco Bayona SI10428
08-Dec-18 Zackary Dillan Henson Gatus SI10414
16-Dec-18 Gerald Joseph Agatep Manansala SI10423
16-Dec-18 Keeley Monserrat Magan Tibayan SI10426
17-Dec-18 Justin Harrison Ganzon Torrealba SI10424
Official Receipt
Number total received
OR17061 450,000.00
OR17062 1,500,000.00
OR18001 1,500,000.00
OR18002 970,000.00
OR18003 700,000.00
OR18004 1,000,000.00
OR18005 250,000.00
OR18006 960,000.00
OR18007 1,500,000.00
OR18008 1,500,000.00
OR18009 700,000.00
OR18010 1,500,000.00
OR18011 1,000,000.00
OR18012 1,500,000.00
OR18013 1,000,000.00
OR18014 700,000.00
OR18015 450,000.00
OR18016 250,000.00
OR18017 250,000.00
OR18018 1,000,000.00
OR18019 1,500,000.00
OR18020 700,000.00
OR18021 240,000.00
OR18022 450,000.00
OR18023 1,000,000.00
OR18024 250,000.00
OR18025 250,000.00
OR18026 250,000.00
OR18027 672,000.00
OR18028 1,500,000.00
OR18029 1,000,000.00
OR18030 450,000.00
OR18031 432,000.00
OR18032 1,500,000.00
OR18033 250,000.00
OR18034 250,000.00
OR18035 1,500,000.00
OR18036 1,500,000.00
OR18037 450,000.00
OR18038 240,000.00
OR18039 1,500,000.00
OR18040 1,000,000.00
OR18041 1,500,000.00
OR18042 700,000.00
OR18043 1,000,000.00
OR18044 1,000,000.00
OR18045 450,000.00
OR18046 700,000.00
OR18047 450,000.00
OR18048 250,000.00
OR18049 250,000.00
OR18050 1,000,000.00
OR18051 1,000,000.00
OR18052 250,000.00
OR18053 250,000.00
OR18054 432,000.00
OR18055 450,000.00
OR18056 700,000.00
OR18057 700,000.00
OR18058 250,000.00
OR18059 700,000.00
OR18060 250,000.00
OR18061 1,000,000.00
OR18062 250,000.00
OR18063 1,500,000.00
OR18064 450,000.00
OR18065 450,000.00
OR18066 1,500,000.00
OR18067 1,500,000.00
OR18068 1,500,000.00
OR18069 1,500,000.00
OR18070 1,000,000.00
OR18071 1,000,000.00
OR18072 450,000.00
OR18073 700,000.00
OR18074 450,000.00
OR18075 250,000.00
OR18076 250,000.00
OR18077 450,000.00
OR18078 240,000.00
OR18079 1,500,000.00
OR18080 1,500,000.00
OR18081 450,000.00
OR18082 450,000.00
OR18083 700,000.00

66,886,000.00
Trade Receivables
ALING NENA HIGH-TECH GOODS

Sales Invoice Date SALES INVOICE CUSTOMER

13-Jan-18 SI10349 Kaylynn Aurkene Simpao Escalante
4-Feb-18 SI10358 Verda Madena Pagsisihan Villaromán
17-Mar-18 SI10365 Ignado Julius Logan Chio
08-Apr-18 SI10370 Montes Arlo Deonzon Celiz
22-Apr-18 SI10374 Matia Marcella Mangurun Leaño
9-May-18 SI10385 Bryce Stephan Tupas Galvez
03-Jul-18 SI10400 Janie Reia Dulalas Zarate
12-Nov-18 SI10425 Izaiah Nicholas Logan Ramos
01-Aug-18 SI10408 Ebony Marisa Sultan Salazar
18-Sep-18 SI10411 Michelle Cira Manyakes Medina
19-Oct-18 SI10420 Greta Rosalinda Tambuatco Lingao
22-Oct-18 SI10421 Zaria Myra Balindong Regis
21-Nov-18 SI10427 Breonna Roana Tungol Bernardino
28-Nov-18 SI10429 Tiana Ariel Ishida Eusebio
03-Dec-18 SI10430 Arlo Sidney Tapalla Azarcón
12-Dec-18 SI10431 Donovan Florinio Uytengsu Gatus
29-Dec-18 SI10432 Jaime Sawyer Abdul Formalouza

Balance per SL
Sales Discount
 0%% 2%
BALANCE Correct Bal Due Date Days Overdue not past due 0 - 30 days
30,000.00
40,000.00
10,000.00
28,000.00
18,000.00
10,000.00
18,000.00
10,000.00
450,000.00 450,000.00 30-Oct 60
1,500,000.00 1,500,000.00 17-Dec 14 1,500,000.00
250,000.00 250,000.00 17-Jan-19 250,000.00
1,500,000.00 1,500,000.00 21-Nov 40
450,000.00 450,000.00 19-Feb-19 450,000.00
700,000.00 700,000.00 28-Dec 3 700,000.00
250,000.00 250,000.00 03-Mar-19 250,000.00
250,000.00 250,000.00 11-Jan-19 250,000.00
700,000.00 700,000.00 27-Feb-19 700,000.00
ACCTS RECEIVABLES 1,900,000.00 2,200,000.00
LOSS RATES 0 0.02
6,214,000.00 6,050,000.00 ACCUMULATED DOUBTFUL 0.00 44,000.00
164,000.00
6,050,000.00
 5% 10% 40%
31 - 60 days 61 - 90 days more than 90 days Total Aling Nena High Tec
Journal Entry for Rec

Date Transactions
31 Dec 2019 Bad Debt Expense
Allowance for Doubtful Accou

450,000.00

Aling Nena High Tec

1,500,000.00 Closing Entry for Rec

Date Transactions
31 Dec 2019 Sales Discount
Accounts Receivables

1,950,000.00 0.00 0.00 6,050,000.00 31 Dec 2019 Cost of Goods Sold

0.05 0.1 0.4 Sales Discount
97,500.00 0.00 0.00 141,500.00
 Aling Nena High Tech Goods
Journal Entry for Receivables
###
Debit Credit
Debt Expense 141,500.00
wance for Doubtful Accounts 141,500.00

Aling Nena High Tech Goods

Closing Entry for Receivables
###
Debit Credit
164,000.00
unts Receivables 164,000.00
0
of Goods Sold 164,000.00 0
164,000.00
Cash Disbursements Ledger
ALING NENA HIGH-TECH GOODS

Date Detail ACCT CODE

02/01/2018 2017 Dec 16 - 31 Salaries 50210
02/01/2018 Office supplies 50240
08/01/2018 2017 Dec Electricity Bill 50220
08/01/2018 2017 Dec Phone and Internet Bil 50230
10/01/2018 SI10348 50270
10/01/2018 SI10348 50280
12/01/2018 2017 Dec Water Bill 50220
13/01/2018 PO147 50100
13/01/2018 PO148 50100
13/01/2018 PO149 50100
13/01/2018 PO150 50100
13/01/2018 PO151 50100
14/01/2018 Office supplies 50240
17/01/2018 2018 Jan 1 - 15 Salaries 50210
19/01/2018 SI10344 50270
19/01/2018 SI10344 50280
22/01/2018 SI10341 50270
22/01/2018 SI10341 50280
26/01/2018 SI10347 50270
26/01/2018 SI10347 50280
29/01/2018 Office supplies 50240
31/01/2018 SI10346 50270
31/01/2018 SI10346 50280
01/02/2018 SI10361 50270
01/02/2018 SI10361 50280
02/02/2018 2018 Jan 16 - 31 Salaries 50210
03/02/2018 SI10352 50270
03/02/2018 SI10352 50280
05/02/2018 SI10355 50270
05/02/2018 SI10355 50280
08/02/2018 2018 Jan Electricity Bill 50220
08/02/2018 2018 Jan Phone and Internet Bill 50230
10/02/2018 Office supplies 50240
12/02/2018 2018 Jan Water Bill 50220
17/02/2018 2018 Feb 1 - 15 Salaries 50210
20/02/2018 Rent for Mar - May 2018 50250
23/02/2018 SI10360 50270
23/02/2018 SI10360 50280
24/02/2018 Office supplies 50240
27/02/2018 SI10357 50270
27/02/2018 SI10357 50280
28/02/2018 SI10362 50270
28/02/2018 SI10362 50280
02/03/2018 2018 Feb 16 - 28 Salaries 50210
08/03/2018 2018 Feb Electricity Bill 50220
08/03/2018 2018 Feb Phone and Internet Bil 50230
10/03/2018 Office supplies 50240
12/03/2018 2018 Feb Water Bill 50220
14/03/2018 SI10364 50270
14/03/2018 SI10364 50280
15/03/2018 Advertising for Apr 2018 to Mar 50260
17/03/2018 2018 Mar 1 - 15 Salaries 50210
19/03/2018 SI10366 50270
19/03/2018 SI10366 50280
23/03/2018 Office supplies 50240
29/03/2018 SI10368 50270
29/03/2018 SI10368 50280
02/04/2018 2018 Mar 16 - 31 Salaries 50210
06/04/2018 Office supplies 50240
08/04/2018 2018 Mar Electricity Bill 50220
08/04/2018 2018 Mar Phone and Internet Bil 50230
12/04/2018 2018 Mar Water Bill 50220
12/04/2018 SI10371 50270
12/04/2018 SI10371 50280
12/04/2018 PO152 50100
12/04/2018 PO153 50100
12/04/2018 PO154 50100
12/04/2018 PO155 50100
12/04/2018 PO156 50100
13/04/2018 SI10369 50270
13/04/2018 SI10369 50280
15/04/2018 BIR ITR 2017 20300
17/04/2018 2018 Apr 1 - 15 Salaries 50210
20/04/2018 Office supplies 50240
20/04/2018 SI10375 50270
20/04/2018 SI10375 50280
22/04/2018 SI10374 50270
22/04/2018 SI10374 50280
29/04/2018 SI10373 50270
29/04/2018 SI10373 50280
01/05/2018 SI10378 50270
01/05/2018 SI10378 50280
02/05/2018 2018 Apr 16 - 30 Salaries 50210
02/05/2018 SI10382 50270
02/05/2018 SI10382 50280
04/05/2018 Office supplies 50240
08/05/2018 2018 Apr Electricity Bill 50220
08/05/2018 2018 Apr Phone and Internet Bill 50230
09/05/2018 SI10385 50270
09/05/2018 SI10387 50270
09/05/2018 SI10389 50270
09/05/2018 SI10385 50280
09/05/2018 SI10387 50280
09/05/2018 SI10389 50280
12/05/2018 2018 Apr Water Bill 50220
14/05/2018 SI10390 50270
14/05/2018 SI10390 50280
17/05/2018 2018 May 1 - 15 Salaries 50210
17/05/2018 Office supplies 50240
20/05/2018 Rent for Jun - Aug 2018 50250
21/05/2018 SI10383 50270
21/05/2018 SI10391 50270
21/05/2018 SI10383 50280
21/05/2018 SI10391 50280
30/05/2018 Office supplies 50240
30/05/2018 SI10384 50270
30/05/2018 SI10388 50270
30/05/2018 SI10384 50280
30/05/2018 SI10388 50280
02/06/2018 2018 May 16 - 31 Salaries 50210
08/06/2018 2018 May Electricity Bill 50220
08/06/2018 2018 May Phone and Internet Bil 50230
12/06/2018 2018 May Water Bill 50220
14/06/2018 Office supplies 50240
17/06/2018 2018 Jun 1 - 15 Salaries 50210
17/06/2018 SI10392 50270
17/06/2018 SI10392 50280
29/06/2018 Office supplies 50240
02/07/2018 2018 Jun 16 - 30 Salaries 50210
03/07/2018 SI10400 50270
03/07/2018 SI10400 50280
08/07/2018 2018 June Electricity Bill 50220
08/07/2018 2018 June Phone and Internet Bi 50230
12/07/2018 2018 June Water Bill 50220
12/07/2018 Office supplies 50240
12/07/2018 SI10398 50270
12/07/2018 SI10398 50280
15/07/2018 SI10399 50270
15/07/2018 SI10399 50280
17/07/2018 2018 Jul 1 - 15 Salaries 50210
22/07/2018 PO157 50100
22/07/2018 PO158 50100
22/07/2018 PO159 50100
22/07/2018 PO160 50100
22/07/2018 PO161 50100
26/07/2018 Office supplies 50240
30/07/2018 SI10397 50270
30/07/2018 SI10397 50280
01/08/2018 SI10408 50270
01/08/2018 SI10408 50280
02/08/2018 2018 Jul 16 - 31 Salaries 50210
07/08/2018 Office supplies 50240
08/08/2018 2018 July Electricity Bill 50220
08/08/2018 2018 July Phone and Internet Bil 50230
11/08/2018 SI10410 50270
11/08/2018 SI10410 50280
12/08/2018 2018 July Water Bill 50220
12/08/2018 SI10403 50270
12/08/2018 SI10405 50270
12/08/2018 SI10403 50280
12/08/2018 SI10405 50280
16/08/2018 SI10404 50270
16/08/2018 SI10404 50280
17/08/2018 2018 Aug 1 - 15 Salaries 50210
19/08/2018 Office supplies 50240
20/08/2018 Rent for Sept - Nov 2018 50250
31/08/2018 Office supplies 50240
02/09/2018 2018 Aug 16 - 31 Salaries 50210
08/09/2018 2018 Aug Electricity Bill 50220
08/09/2018 2018 Aug Phone and Internet Bil 50230
12/09/2018 2018 Aug Water Bill 50220
14/09/2018 Office supplies 50240
17/09/2018 2018 Sept 1 - 15 Salaries 50210
18/09/2018 SI10411 50270
18/09/2018 SI10411 50280
26/09/2018 Office supplies 50240
02/10/2018 2018 Sept 16 - 30 Salaries 50210
02/10/2018 SI10417 50270
02/10/2018 SI10417 50280
06/10/2018 PO162 50100
06/10/2018 PO163 50100
06/10/2018 PO164 50100
06/10/2018 PO165 50100
06/10/2018 PO166 50100
07/10/2018 SI10422 50270
07/10/2018 SI10422 50280
08/10/2018 2018 Sept Electricity Bill 50220
08/10/2018 2018 Sept Phone and Internet Bil 50230
08/10/2018 SI10415 50270
08/10/2018 SI10415 50280
09/10/2018 Office supplies 50240
12/10/2018 2018 Sept Water Bill 50220
17/10/2018 2018 Oct 1 - 15 Salaries 50210
19/10/2018 SI10420 50270
19/10/2018 SI10420 50280
21/10/2018 Office supplies 50240
22/10/2018 SI10421 50270
22/10/2018 SI10421 50280
02/11/2018 2018 Oct 16 - 31 Salaries 50210
02/11/2018 Office supplies 50240
08/11/2018 2018 Oct Electricity Bill 50220
08/11/2018 2018 Oct Phone and Internet Bill 50230
12/11/2018 2018 Oct Water Bill 50220
17/11/2018 2018 Nov 1 - 15 Salaries 50210
17/11/2018 Office supplies 50240
19/11/2018 SI10426 50270
19/11/2018 SI10426 50280
20/11/2018 Rent for Nov 2018 - Jan 2019 50250
21/11/2018 SI10427 50270
21/11/2018 SI10427 50280
 22/11/2018 SI10428 50270
22/11/2018 SI10428 50280
28/11/2018 SI10429 50270
28/11/2018 SI10429 50280
30/11/2018 Office supplies 50240
02/12/2018 2018 Nov 16 - 30 Salaries 50210
08/12/2018 2018 Nov Electricity Bill 50220
08/12/2018 2018 Nov Phone and Internet Bil 50230
12/12/2018 2018 Nov Water Bill 50220
12/12/2018 Office supplies 50240
12/12/2018 SI10431 50270
12/12/2018 SI10431 50280
17/12/2018 2018 Dec 1 - 15 Salaries 50210
24/12/2018 Office supplies 50240

TOTAL CASH DISBURSEMENTS

TOTAL CASH DISBURSEMENTS
 ACCOUNT TITLE total received
Salaries expense 312,800
Supplies expense 18,612
Utilities expense 30,267
Communications expense 20,368
Freight expense 14,000
Insurance expense 10,500
Utilities expense 8,537
Accounts payable 750,000
Accounts payable 450,000
Accounts payable 1,400,000
Accounts payable 2,500,000
Accounts payable 2,250,000
Supplies expense 19,978
Salaries expense 312,800
Freight expense 14,000
Insurance expense 10,500
Freight expense 5,000
Insurance expense 3,750
Freight expense 20,000
Insurance expense 15,000
Supplies expense 16,428
Freight expense 20,000
Insurance expense 15,000
Freight expense 9,000
Insurance expense 6,750
Salaries expense 312,800
Freight expense 30,000
Insurance expense 22,500
Freight expense 30,000
Insurance expense 22,500
Utilities expense 31,171
Communications expense 25,085
Supplies expense 12,542
Utilities expense 8,176
Salaries expense 312,800
Rent expense 300,000
Freight expense 30,000
Insurance expense 22,500
Supplies expense 17,917
Freight expense 20,000
Insurance expense 15,000
Freight expense 20,000
Insurance expense 15,000
Salaries expense 312,800
Utilities expense 32,026
Communications expense 24,675
Supplies expense 11,353
Utilities expense 8,462
Freight expense 9,000
Insurance expense 6,750
Advertising expense 480,000
Salaries expense 312,800
Freight expense 5,000
Insurance expense 3,750
Supplies expense 16,596
Freight expense 5,000
Insurance expense 3,750
Salaries expense 312,800
Supplies expense 13,375
Utilities expense 33,584
Communications expense 26,755
Utilities expense 9,333
Freight expense 20,000
Insurance expense 15,000
Accounts payable 625,000
Accounts payable 675,000
Accounts payable 1,050,000
Accounts payable 1,000,000
Accounts payable 2,250,000
Freight expense 9,000
Insurance expense 6,750
Income tax payable 5,808,918
Salaries expense 312,800
Supplies expense 16,691
Freight expense 30,000
Insurance expense 22,500
Freight expense 9,000
Insurance expense 6,750
Freight expense 30,000
Insurance expense 22,500
Freight expense 20,000
Insurance expense 15,000
Salaries expense 312,800
Freight expense 20,000
Insurance expense 15,000
Supplies expense 19,596
Utilities expense 35,348
Communications expense 18,569
Freight expense 5,000
Freight expense 20,000
Freight expense 9,000
Insurance expense 3,750
Insurance expense 15,000
Insurance expense 6,750
Utilities expense 9,716
Freight expense 14,000
Insurance expense 10,500
Salaries expense 312,800
Supplies expense 13,499
Rent expense 300,000
Freight expense 5,000
Freight expense 20,000
Insurance expense 3,750
Insurance expense 15,000
Supplies expense 17,606
Freight expense 14,000
Freight expense 5,000
Insurance expense 10,500
Insurance expense 3,750
Salaries expense 312,800
Utilities expense 33,616
Communications expense 20,261
Utilities expense 10,546
Supplies expense 17,853
Salaries expense 312,800
Freight expense 14,000
Insurance expense 10,500
Supplies expense 13,114
Salaries expense 328,440
Freight expense 9,000
Insurance expense 6,750
Utilities expense 34,194
Communications expense 19,745
Utilities expense 9,588
Supplies expense 12,292
Freight expense 5,000
Insurance expense 3,750
Freight expense 14,000
Insurance expense 10,500
Salaries expense 328,440
Accounts payable 510,000
Accounts payable 919,800
Accounts payable 2,150,400
Accounts payable 3,090,000
Accounts payable 1,545,000
Supplies expense 14,812
Freight expense 9,000
Insurance expense 6,750
Freight expense 9,000
Insurance expense 6,750
Salaries expense 328,440
Supplies expense 15,858
Utilities expense 34,087
Communications expense 25,235
Freight expense 30,000
Insurance expense 22,500
Utilities expense 8,907
Freight expense 30,000
Freight expense 30,000
Insurance expense 22,500
Insurance expense 22,500
Freight expense 20,000
Insurance expense 15,000
Salaries expense 328,440
Supplies expense 18,204
Rent expense 300,000
Supplies expense 10,841
Salaries expense 328,440
Utilities expense 34,056
Communications expense 18,425
Utilities expense 8,508
Supplies expense 18,899
Salaries expense 328,440
Freight expense 30,000
Insurance expense 22,500
Supplies expense 16,349
Salaries expense 328,440
Freight expense 9,000
Insurance expense 6,750
Accounts payable 650,888
Accounts payable 1,171,595
Accounts payable 1,827,840
Accounts payable 2,107,380
Accounts payable 2,373,120
Freight expense 20,000
Insurance expense 15,000
Utilities expense 34,019
Communications expense 18,387
Freight expense 5,000
Insurance expense 3,750
Supplies expense 16,596
Utilities expense 8,971
Salaries expense 328,440
Freight expense 5,000
Insurance expense 3,750
Supplies expense 15,090
Freight expense 30,000
Insurance expense 22,500
Salaries expense 328,440
Supplies expense 14,998
Utilities expense 32,336
Communications expense 21,818
Utilities expense 11,170
Salaries expense 985,320
Supplies expense 10,347
Freight expense 9,000
Insurance expense 6,750
Rent expense 300,000
Freight expense 9,000
Insurance expense 6,750
Freight expense 30,000
Insurance expense 22,500
Freight expense 14,000
Insurance expense 10,500
Supplies expense 10,777
Salaries expense 328,440
Utilities expense 30,804
Communications expense 19,247
Utilities expense 11,734
Supplies expense 19,415
Freight expense 5,000
Insurance expense 3,750
Salaries expense 328,440
Supplies expense 14,788

47,733,602
47,733,603
Year - End Inventory Listing
ALING NENA HIGH-TECH GOODS

###
MODEL AVE UNI COUNT TOTAL COST
Model V 134,082.83 2 268,165.66
Model W 241,348.62 1 241,348.62
Model X 365,568.00 4 1,462,272.00
376,535.04 4 1,506,140.16
Model Y 526,845.00 1 526,845.00
542,650.35 5 2,713,251.75
Model Z 814,771.20 2 1,629,542.40

TOTAL INVENTORY, DEC 2019 8,347,565.59

Beginning Inventory, Jan. 1, 2018 12,575,000

Add:Purchases 32,143,244.95
less: Cost of Goods Sold -36370679.36
Ending Inventory 8,347,565.59
 December 31, 2018
MODEL AVE UNI COUNT TOTAL COST
Model V 125,000.00 4 500,000.00
Model W 225,000.00 3 675,000.00

Model X 350,000.00 4 1,400,000.00

Model Y 500,000.00 5 2,500,000.00

Model Z 750,000.00 10 7,500,000.00

TOTAL INVENTORY, DEC 2018 12,575,000.00

 Aling Nena High Tech Goods
Merchandise Inventory
###

Date Merchandise Inventory Debit

31 Dec 2019 Inventory Ending Balance 8,347,565.59
Cost of Goods Sold 36,370,679.36
Purchases
Inventory Beginning Balance

31 Dec 2019 Cost of Goods Sold 797,000.00

Freight Expense

31 Dec 2019 Cost of Goods Sold 597,750.00

Insurance Expence
Total 46,112,994.95
Credit

32,143,244.95
12,575,000.00

797,000.00

597,750.00
46,112,994.95
Model V Date Transaction QTT Unit Cost Amt
Model V Model V Purchases
Model V 01-Jan-19 Beg 4 125,000
Model V 12-Jan-19 PURCHASES 5 125,000.00 625,000.00
Model V 22-Jan Sales
Model V 01-Feb Sales
Model V 08-Feb Sales
Model V 26-Feb Sales
Model V 17-Mar Sales
Model V 19-Mar Sales
Model V 22-Mar Sales
Model V 29-Mar Sales
Model V 06-Apr Sales
Model V 25-Apr-19 PURCHASES 4 127,500.00 510,000.00
Model V 09-May Sales
Model V 21-May Sales
Model V 30-May Sales
Model V 01-Jun Sales
Model V 7-Jul-19 PURCHASES 5 130,177.50 650,887.50
Model V 02-Jun Sales
Model V 13-Jun Sales
Model V 12-Jul Sales
Model V 01-Aug Sales
Model V 08-Oct Sales
Model V 28-Oct-19 PURCHASES 7 134,082.83 938,579.81
Model V 19-Oct Sales
Model V 20-Oct Sales
Model V 12-Nov Sales
Model V 03-Dec Sales
Model V 12-Dec Sales
Model V
Model V
Model V
Model V
Model W Date Transaction QTT Unit Cost
Model W Model W Purchases
Model W 01-Jan-18 Beg 3 225,000.00
Model W 12-Jan-18 PURHCASES 3 225,000.00 675,000.00
Model W 01-Feb Sales
Model W 14-Mar Sales
Model W 13-Apr Sales
Model W 22-Apr Sales
Model W 29-Apr Sales
Model W 01-May Sales
Model W 25-Apr PURHCASES 4 229,950.00 919,800.00
Model W 09-May Sales
Model W 30-Jun Sales
Model W 03-Jul Sales
Model W 30-Jul Sales
Model W 07-Jul PURCHASES 5 234,319.05 1,171,595.25
Model W 01-Aug Sales
Model W 07-Aug Sales
Model W 21-Sep Sales
Model W 02-Oct Sales
Model W 10-Oct Sales
Model W 28-Oct PURCHASES 4 241,348.62 965,394.48
Model W 17-Oct Sales
Model W 19-Nov Sales
Model W 21-Nov Sales
Model W
Model W

Model X Date Transaction QTT Unit Cost

Model X Model X Purchases
Model X 01-Jan BEGINNING 4 350,000.00
Model X 08-Jan Sales
Model X 10-Jan Sales
Model X 19-Jan Sales
Model X 21-Feb Sales
12-Jan PURHCASES 3 350,000.00 1,050,000.00
Model X 08-Apr Sales
Model X 14-May Sales
Model X 30-May Sales
25-Apr PURCHASES 6 358,400.00 2,150,400.00
Model X 17-Jun Sales
Model X 15-Jul Sales
Model X 05-Jul Sales
Model X 08-Oct Sales
Model X 30-Oct Sales
Model X 28-Nov Sales
Model X 07-Jul PURCHASES 5 365,568.00 1,827,840.00
Model X 29-Dec Sales
Model X 28-Oct PURCHASES 4 376,535.04 1,506,140.16

Model Y Date Transaction QTT Unit Cost

Model Y Model Y Purchases
Model Y 01-Jan-18 BEGINNING 5 500,000.00
12-Jan-18 PURCHASE 2 500,000.00 1,000,000.00
Model Y 13-Jan-18 SI10349
Model Y 26-Jan-18 SI10347
Model Y 31-Jan-18 SI10346
Model Y 1-Feb-18 SI10350
Model Y 27-Feb-18 SI10357
Model Y 4-Feb-18 SI10358
Model Y 28-Feb-18 SI10362
25-Apr-18 PURHCASES 6 515,000.00 3,090,000.00
Model Y 12-Apr-18 SI10371
Model Y 01-May-18 SI10378
Model Y 2-May-18 SI10382
Model Y 15-May-18 SI10386
Model Y 9-May-18 SI10387
Model Y 21-May-18 SI10391
7-Jul-18 PURCHASES 4 526,845.00 2,107,380.00
Model Y 16-Aug-18 SI10404
Model Y 04-Oct-18 SI10419
Model Y 07-Oct-18 SI10422
28-Oct-18 PURCHASES 5 542,650.35 2,713,251.75

Model z Date Transaction QTT Unit Cost

Model Z Model Z Purchases
01-Jan BEGINNING 10 750,000.00
Model Z 1-Jan-18 SI10343
Model Z 8-Jan-18 SI10342
Model Z 3-Feb-18 SI10352
Model Z 5-Feb-18 SI10355
Model Z 7-Feb-18 SI10356
Model Z 23-Feb-18 SI10360
Model Z 24-Mar-18 SI10367
Model Z 29-Apr-18 SI10373
Model Z 20-Apr-18 SI10375
Model Z 08-Apr-18 SI10377
12-Jan-18 PUCHASES 3 750,000.00 2,250,000.00
Model Z 21-Apr-18 SI10379
Model Z 11-Apr-18 SI10381
Model Z 30-Jul-18 SI10401
25-Apr-18 PURCHASES 2 772,500.00 1,545,000.00
Model Z 12-Aug-18 SI10403
Model Z 12-Aug-18 SI10405
7-Jul-18 PURCHASES 3 791,040.00 2,373,120.00
Model Z 24-Aug-18 SI10409
Model Z 11-Aug-18 SI10410
Model Z 18-Sep-18 SI10411
28-Oct-18 PURCHASES 5 814,771.20 4,073,856.00
06-Oct-18 SI10414
22-Oct-18 SI10421
22-Nov-18 SI10428

Net Purchases 32,143,244.95

QTY Cost Amt QTY Unit Cost Balance QTY
Cost of Sales Inventory 2018
4 125,000 4
5 9
-1 125,000.00 125,000.00 -1 8
-1 125,000.00 125,000.00 -1 7
-1 125,000.00 125,000.00 -1 6
-1 125,000.00 125,000.00 -1 5
-1 125,000.00 125,000.00 -1 4
-1 125,000.00 125,000.00 -1 3
-1 125,000.00 125,000.00 -1 2
-1 125,000.00 125,000.00 -1 1
-1 125,000.00 125,000.00 -1 0
0 4 127,500.00 4
-1 127,500.00 127,500.00 -1 3
-1 127,500.00 127,500.00 -1 2
-1 127,500.00 127,500.00 -1 1
-1 127,500.00 127,500.00 -1 0
0 5 130,177.50 5
-1 130,177.50 130,177.50 -1 4
-1 130,177.50 130,177.50 -1 3
-1 130,177.50 130,177.50 -1 2
-1 130,177.50 130,177.50 -1 1
-1 130,177.50 130,177.50 -1 0
0 7 134,082.83 7
-1 134,082.83 134,082.83 -1 6
-1 134,082.83 134,082.83 -1 5
-1 134,082.83 134,082.83 -1 4
-1 134,082.83 134,082.83 -1 3
-1 134,082.83 134,082.83 -1 2
0
0
0
0
QTY Cost Cost QTY Unit Cost Balance QTY
Cost of Sales 0 Inventory 2018
0 3 225,000 3
0 3 6
-1 225,000.00 225,000.00 -1 5
-1 225,000.00 225,000.00 -1 4
-1 225,000.00 225,000.00 -1 3
 -1 225,000.00 225,000.00 -1 2
-1 225,000.00 225,000.00 -1 1
-1 225,000.00 225,000.00 -1 0
0 4 229,950.00 4
-1 229,950.00 229,950.00 -1 3
-1 229,950.00 229,950.00 -1 2
-1 229,950.00 229,950.00 -1 1
-1 229,950.00 229,950.00 -1 0
0 5 234,319.05 5
-1 234,319.05 234,319.05 -1 4
-1 234,319.05 234,319.05 -1 3
-1 234,319.05 234,319.05 -1 2
-1 234,319.05 234,319.05 -1 1
-1 234,319.05 234,319.05 -1 0
0 4 241,348.62 4
-1 241,348.62 241,348.62 -1 3
-1 241,348.62 241,348.62 -1 2
-1 241,348.62 241,348.62 -1 1
0
0
0
QTY Cost Cost QTY Unit Cost Balance QTY
Cost of Sales 0 Inventory 2018
0 4 350000 4
-1 350,000.00 350,000.00 -1 3
-1 350,000.00 350,000.00 -1 2
-1 350,000.00 350,000.00 -1 1
-1 350,000.00 350,000.00 -1 0
0 3 350,000.00 3
-1 350,000.00 350,000.00 -1 2
-1 350,000.00 350,000.00 -1 1
-1 350,000.00 350,000.00 -1 0
0 6 358,400.00 6
-1 358,400.00 358,400.00 -1 5
-1 358,400.00 358,400.00 -1 4
-1 358,400.00 358,400.00 -1 3
-1 358,400.00 358,400.00 -1 2
-1 358,400.00 358,400.00 -1 1
-1 358,400.00 358,400.00 -1 0
0 5 365,568.00 5
-1 365,568.00 365,568.00 -1 4
 0 4 376,535.04 8
0
QTY Cost Cost QTY Unit Cost Balance QTY
Cost of Sales 0 Inventory 2018
0 5 500,000.00 5
0 2 7
-1 500,000.00 500,000.00 -1 6
-1 500,000.00 500,000.00 -1 5
-1 500,000.00 500,000.00 -1 4
-1 500,000.00 500,000.00 -1 3
-1 500,000.00 500,000.00 -1 2
-1 500,000.00 500,000.00 -1 1
-1 500,000.00 500,000.00 -1 0
0 6 515,000.00 6
-1 515,000.00 515,000.00 -1 5
-1 515,000.00 515,000.00 -1 4
-1 515,000.00 515,000.00 -1 3
-1 515,000.00 515,000.00 -1 2
-1 515,000.00 515,000.00 -1 1
-1 515,000.00 515,000.00 -1 0
0 4 526,845.00 4
-1 526,845.00 526,845.00 -1 3
-1 526,845.00 526,845.00 -1 2
-1 526,845.00 526,845.00 -1 1
5 542,650.35 6

QTY Cost Amt QTY Unit Cost Balance QTY

Cost of Sales Inventory 2018
10 750,000.00 10
-1 750,000.00 750,000.00 -1 9
-1 750,000.00 750,000.00 -1 8
-1 750,000.00 750,000.00 -1 7
-1 750,000.00 750,000.00 -1 6
-1 750,000.00 750,000.00 -1 5
-1 750,000.00 750,000.00 -1 4
-1 750,000.00 750,000.00 -1 3
-1 750,000.00 750,000.00 -1 2
-1 750,000.00 750,000.00 -1 1
-1 750,000.00 750,000.00 -1 0
3 750,000 3
-1 750,000.00 750,000.00 -1 2
-1 750,000.00 750,000.00 -1 1
-1 750,000.00 750,000.00 -1 0
0 2 772,500.00 2
-1 772,500.00 772,500.00 -1 1
-1 772,500.00 772,500.00 -1 0
0 3 791,040.00 3
-1 791,040.00 791,040.00 -1 2
-1 791,040.00 791,040.00 -1 1
-1 791,040.00 791,040.00 -1 0
0 5 814,771.20 5
-1 814,771.20 814,771.20 -1 4
-1 814,771.20 814,771.20 -1 3
-1 814,771.20 814,771.20 -1 2

Cost of Sales Balance 36,370,679.36

qty Unit Cost Amount
Inventory Dec 31 2018

2 134,082.83 268,165.66

qty balance
Invenory 2019
 1 241,348.62 241,348.62

qty balance
Invenory 2019

4 365,568.00 1,462,272.00
 4 376,535.04 1,506,140.16

qty balance
Invenory 2019

1 526,845.00 526,845.00
5 542,650.35 2,713,251.75

qty balance
Invenory 2019
2 814,771.20 1,629,542.40

3,001,801.04 8,347,565.59
Fixed Asset Listing
ALING NENA HIGH-TECH GOODS

Last updated December 31, 2017

Acquisition Date FA Code Detail Useful Life

1-Jan-17 FA0100 Desk and Chair Set 5
1-Jan-17 FA0110 Personal Computer 5
1-Jan-17 FA0120 Split type Air con 5

1-Jan-17 FA0210 Sedan 8

1-Jul-17 FA0220 Van 8
TRANSPORTATION EQ

1-Jan-17 FA0310 Leasehold Improveme 10

LEASEHOLD IMPROV
 Units Acquisition Cost Total Cost Salvage Value
Accumulated Depreciation
4 18,400.00 73,600.00 7,360.00 13,248.00
4 32,650.00 130,600.00 13,060.00 23,508.00
2 24,999.00 49,998.00 4,999.80 8,999.64
OFFICE EQUIPMENT 254,198.00 25,419.80 45,755.64

1 724,560.00 724,560.00 72,456.00 81,513.00

1 1,741,425.00 1,741,425.00 174,142.50 195,910.31
TRANSPORTATION EQUIPMENT 2,465,985.00 246,598.50 277,423.31

1 1,741,425.00 1,741,425.00 174,142.50 156,728.25

LEASEHOLD IMPROVEMENTS 6,927,593.00 692,759.30 561,420.20

SHOULD BE VALUE 446,160.80 479,907.20

 BALANCE
60,352.00
107,092.00
40,998.36
208,442.36

643,047.00
1,545,514.69
2,188,561.69

1,584,696.75
6,366,172.80

3,981,700.80
Exported from Pinoy Bank Accou

PERIOD COVERED DECEMBER 1, 2019 - DECEMBER 31, 201

DATE DESCRIPTION REF DEBIT CREDIT

Beginning Balance

02-Dec-18 2018 Nov 16 - 30 CM 328,440.00

07-Dec-18 Quinta Anaya C OR18079 1,500,000.00
08-Dec-18 Zackary Dillan OR18080 1,500,000.00
08-Dec-18 2018 Nov Electric MER 30,804.22
08-Dec-18 2018 Nov Phone a PLDT 19,247.00
12-Dec-18 2018 Nov Water B MAYN 11,734.23
12-Dec-18 Office supplies NBS 19,415.00
12-Dec-18 Gatus -- Freight SI10431 5,000.00
12-Dec-18 Gatus -- InsuranSI10431 3,750.00
16-Dec-18 Gerald Joseph OR18081 450,000.00
16-Dec-18 Keeley Monserra OR18082 450,000.00
17-Dec-18 Justin Harrison OR18083 700,000.00
17-Dec-18 2018 Dec 1 - 15 CM 328,440.00
20-Dec-19 To Aling Nena FT 12,000,000.00
24-Dec-18 Office supplies NBS 14,788.00
29-Dec-18 Intereset income INT 79,340.96
29-Dec-18 Tiana Ariel Ishi DM 700,000.00
BALANCE
29,271,258.89

28,942,818.89
30,442,818.89
31,942,818.89
31,912,014.67
31,892,767.67
31,881,033.44
31,861,618.44
31,856,618.44
31,852,868.44
32,302,868.44
32,752,868.44
33,452,868.44
33,124,428.44
21,124,428.44 (NOT INCLUDED)
21,109,640.44 33109640.44
21,030,299.49 33030299.48
21,730,299.49 33730299.48