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  • Sales Accounts Receivable: Prepaid Insurance

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    Clair De lune
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    The document appears to be a chart of accounts with debit and credit entries for various accounts including assets, liabilities, equity, income, costs and expenses for a business called Canzana Capital. It shows beginning balances, transactions and ending balances for accounts over multiple periods. The chart provides an overview of the company's financial position and performance.

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    T-Accounts

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    The document appears to be a chart of accounts with debit and credit entries for various accounts including assets, liabilities, equity, income, costs and expenses for a business called Canzana Capital. It shows beginning balances, transactions and ending balances for accounts over multiple periods. The chart provides an overview of the company's financial position and performance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    15 views18 pages

    Sales Accounts Receivable: Prepaid Insurance

    Uploaded by

    Clair De lune
    The document appears to be a chart of accounts with debit and credit entries for various accounts including assets, liabilities, equity, income, costs and expenses for a business called Canzana Capital. It shows beginning balances, transactions and ending balances for accounts over multiple periods. The chart provides an overview of the company's financial position and performance.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 18

    Sales Accounts Receivable

    Debit Credit Debit Credit


    1,047,600.00 564,200.00 519,400.00
    331,000.00 1,173,312.00 5,600.00
    1,378,600.00 1,737,512.00 525,000.00
    1,212,512.00

    Accounts Payable Purchases


    Debit Credit Debit Credit
    58,800.00 250,320.00 838,000.00
    2,240.00 938,560.00 160,000.00
    5,600.00 998,000.00
    66,640.00 1,188,880.00
    1,122,240.00

    Cash Sales Discounts


    Debit Credit Debit Credit
    952,450.00 297,245.50 16,500.00
    871,640.00 16,500.00
    1,824,090.00 297,245.50
    1,526,844.50

    Prepaid Insurance Insurance Expense


    Debit Credit Debit Credit
    6,000.00 6,000.00 6,000.00
    - 6,000.00

    Unused Store Supplies Utilities Payable


    Debit Credit Debit Credit
    8,000.00 8,000.00 121.00 121.00
    - -
    Purchases Returns and Allowances Sales Returns and Allowances
    Debit Credit Debit Credit
    2,000.00 5,000.00
    5,000.00 5,000.00
    7,000.00

    Pag-ibig Premium Expense Philhealth Premium Expense


    Debit Credit Debit Credit
    300.00 337.50
    300.00 337.50

    Pag-ibig Premium Payable Philhealth Premium Payable


    Debit Credit Debit Credit
    600.00 675.00
    300.00 337.50
    900.00 1,012.50
    VAT Output Tax
    Debit Credit
    600.00 125,712.00
    162,852.00 37,740.00
    163,452.00 163,452.00
    -

    VAT Input Tax


    Debit Credit
    100,560.00 240.00
    19,011.00 600.00
    118,731.00
    119,571.00 119,571.00
    -

    iscounts Purchases Discounts


    Debit Credit
    1,575.00
    1,575.00

    Store Supplies Expense


    Debit Credit
    8,000.00
    8,000.00

    Utilities Expense
    Debit Credit
    121.00
    121.00
    Allowances SSS Premium Expense
    Debit Credit
    2,019.00
    2,019.00

    Expense SSS Premium Payable


    Debit Credit
    3,000.00
    2,019.00
    5,019.00

    Payable VAT Payable


    Debit Credit
    32,920.00
    44,121.00
    77,041.00
    ASSETS
    Cash Petty Cash Fund
    Debit Credit Debit Credit
    Beg. Bal 952,450.00 297,245.50 Beg. Bal 1,000.00
    871,640.00

    1,824,090.00 297,245.50 1,000.00


    1,526,844.50

    Allowance for D.A. Advances to Employees


    Debit Credit Debit Credit
    2,072.00 Beg. Bal Beg. Bal 7,000.00 2,500.00

    2,072.00 4,500.00

    Prepaid Insurance Unused Store Supplies


    Debit Credit Debit Credit
    Beg. Bal 6,000.00 6,000.00 Beg. Bal 8,000.00 8,000.00

    - -

    Accumulated Dep. VAT Input Tax


    Debit Credit Debit Credit
    85,000.00 Beg. Bal 100,560.00 240.00
    19,011.00 600.00
    118,731.00

    85,000.00 119,571.00 119,571.00


    -
    Accounts Receivable DEBIT CREDIT
    Debit Credit
    Beg. Bal 564,200.00 519,400.00
    1,173,312.00 5,600.00

    1,737,512.00 525,000.00
    1,212,512.00

    Merchandise Inventory
    Debit Credit
    Beg. Bal 950,600.00

    950,600.00

    Store F&E
    Debit Credit
    Beg. Bal 425,000.00

    425,000.00

    Account Title
    Debit Credit
    LIABILITIES
    Accounts Payable Utilities Payable
    Debit Credit Debit Credit
    58,800.00 250,320.00 121.00 121.00
    2,240.00 938,560.00
    5,600.00

    66,640.00 1,188,880.00 -
    1,122,240.00

    Pag-ibig Premium Payable Philhealth Premium Payable


    Debit Credit Debit Credit
    600.00 600.00 675.00 675.00
    300.00 337.50
    300.00 337.50

    600.00 1,200.00 675.00 1,350.00


    600.00 675.00

    VAT Payable VAT Output Tax


    Debit Credit Debit Credit
    32,920.00 32,920.00 600.00 125,712.00
    44,121.00 162,852.00 37,740.00

    32,920.00 77,041.00 163,452.00 163,452.00


    44,121.00 -

    Account Title Account Title


    Debit Credit Debit Credit
    SSS Premium Payable
    Debit Credit
    3,000.00 3,000.00
    981.00
    2,019.00

    3,000.00 6,000.00
    3,000.00

    Withholding Tax Payable


    Debit Credit
    1,179.77 1,179.77
    1,179.77

    1,179.77 2,359.54
    1,179.77

    Account Title
    Debit Credit

    Account Title
    Debit Credit
    EQUITY
    Canzana, Capital Account Title Account Title
    Debit Credit Debit Credit Debit Credit
    2,538,362.23

    2,538,362.23
    count Title
    INCOME

    Sales Sales Ret. & All. Sales Discount


    Debit Credit Debit Credit Debit Credit
    1,047,600.00 5,000.00 16,500.00
    331,000.00

    1,378,600.00 5,000.00 16,500.00

    Account Title Account Title Account Title


    Debit Credit Debit Credit Debit Credit

    Account Title Account Title Account Title


    Debit Credit Debit Credit Debit Credit
    COSTS

    Purchases Purchase Ret. & All. Purchase Discount


    Debit Credit Debit Credit Debit Credit
    838,000.00 2,000.00 1,575.00
    160,000.00 5,000.00

    998,000.00 7,000.00 1,575.00

    Freight-in Account Title Account Title


    Debit Credit Debit Credit Debit Credit
    195.00

    Account Title Account Title Account Title


    Debit Credit Debit Credit Debit Credit
    EXPENSES

    Transportation Freight-out
    Debit Credit Debit Credit
    192.00 425.00

    192.00 425.00

    Store Supp. Exp Utilities Exp sss


    Debit Credit Debit Credit Debit Credit
    8,000.00 121.00 121.00 2,019.00

    8,000.00 - 2,019.00

    Account Title Account Title Account Title


    Debit Credit Debit Credit Debit Credit
    Salaries Exp Insurance Exp Account Title
    Debit Credit Debit Credit Debit Credit
    27,000.00 6,000.00

    27,000.00 6,000.00

    pag-ibig philhealth
    Debit Credit Debit Credit
    300.00 337.50

    300.00 337.50

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