CAMELOT BOOKSTORE COMPANY

GENERAL LEDGER
FOR THE MONTH ENDED MAY 31,2016

111 Cash in Banks

Date

May 1

112- PETTY CASH FUNDS

Date Particulars Ref Debit Credit Debit Credit

May 1 Beginning balance ₱ 5,,000.00 ₱ 5,000.00

May 1 Increas Petty cash fund ₱ 1,000.00 ₱ 6,000.00

May 6 Pasid expenses ₱ 300.00 ₱ 5,700.00

May 9 Paid from petty cash funds ₱ 100.00 ₱ 5,600

211-ACCOUNTS PAYABLE
Date Particulars Ref Debit Credit Debit Credit

May 1 Beginning balance ₱ 50,000.00

May 1 Purchased books on account ₱ 57,000.00

May 2 Purchased books on account ₱ 44,000.00

May 4 Purchased books on account ₱ 22,000.00

May 5 Purchased books on account ₱ 95,000.00

May 7 Purchased books on account ₱ 152,500.00

May 12 Purchased books on account ₱ 44,000.00

May 15 Paid purchased on may 2 ₱ 95,000.00

May 17 Paid purchased on may 5 ₱ 152,500

May 19 Paid purchased on may 7 ₱ 32,000.00

May 22 Receive damaged books ₱ 4,000.00

May 23 Purchased books on account ₱ 22,000.00

CAMELOT BOOKSTORE COMPANY

INCOME STATEMENT
 FOR THE MONTH ENDED MAY 31,2016

Sales
Less: Sales Discount
Sales return and allowances
Net sales
Less: Cost of goods sold
Gross margin
Less Expenses:
Salaries expense
Rent expense
Supplies expense
Transportation expense
Postage expense
Depreciation- store fixture and equipt
Taxes sand licenses
Miscellaneous expense
Interest expense
Net Income

CAMELOT BOOKSTORE COMPANY

STATEMENT IN CHANGES IN EQUITY
FOR THE MONTH ENDED MAY 31, 2016

Jess Montes Capital Beg.

Add: Investment
Less: Jess Montes Withdrawal
Total Capital
Add Net Income
Jess Montes Capital

CAMELOT BOOKSTORE COMPANY

STATEMENT OF FINANCIAL POSITION
FOR THE MONTH ENDED MAY 31, 2016
ASSET
Current Asset
Cash in Bank
Petty cash funds
Account Receivables
Supplies inventory
Total Current Assets

Non Current Assets

Rent Deposit
Store fixture and equipment
Accumulated depreciation- store fix and equipment
Total Non Current Assets

Total ASSETS

LIABILITY
Current Liability
Accounts payable
Salaries payable
Withholding taxes payable
Total Current Liability

Non Current Liability

SSS, Philhealth, HDMF
Accrued Expenses Payable
Note Payable
Total Non-Current Liability

OWNERS EQUITY
Jess Montes Capital

CAMELOT BOOKSTORE COMPANY

STATEMENT OF CASHFLOW
FOR THE MONTH ENDED MAY 31, 2016