GENERAL JOURNAL

Date Account Title & Explanation

REQUIRED: 2020
A. 1 June 16 Accounts Receivable
Sales

A. 1 25 Cash
Sales Discounts
Accounts Receivable

2020
B. 1 June 16 Accounts Receivable
Transportation Out
Sales
Cash

B. 1 25 Cash
Sales Discounts
Accounts Receivable

2020
C. 1 June 16 Accounts Receivable
Sales
Cash

C. 1 25 Cash
Sales Discounts
Accounts Receivable

2020
D. 1 June 16 Accounts Receivable
Transportation Out
Sales

D. 1 25 Cash
Sales Discounts
Accounts Receivable

Pascual
 GENERAL JOURNAL
Date Account Title & Explanation
REQUIRED: 2020
A. 2 June 17 Purchases
Transportation In
Accounts Payable
Cash

A. 2 25 Accounts Payable
Purchase Discounts
Cash

B. 2 2020
June 17 Purchases
Accounts Payable

B. 2 25 Accounts Payable
Purchase Discounts
Cash

2020
C. 2 June 17 Purchases
Transportation In
Accounts Payable

C. 2 25 Accounts Payable
Purchase Discounts
Cash

2020
D. 2 June 17 Purchases
Accounts Payable
Cash

D. 2 25 Accounts Payable
Purchase Discounts
Cash
 Ilano
GENERAL JOURNAL
Account Title & Explanation Debit Credit

₱6,000
₱6,000
To record sales on account; terms 2/10, n/30

5,880
Discounts 120
nts Receivable 6,000
To record cash payment for Oct. 16, with discount

6,000
600
6,000
600
To record sales on account; terms 2/10, n/30; freight ₱600

5,880
120
nts Receivable 6,000
To record cash payment for Oct. 16, with discount

6,600
6,000
600
To record sales on account; terms 2/10, n/30 freight ₱600

6,480
120
nts Receivable 6,600
To record cash payment for Oct. 16, with discount

5,400
600
6,000
To record sales on account; terms 2/10, n/30; freight ₱600

5,280
120
nts Receivable 5,400
To record cash payment for Oct. 16, with discount
TOTAL: ₱49,200 ₱49,200

Pascual
 GENERAL JOURNAL
Account Title & Explanation Debit Credit

₱6,000
600
nts Payable ₱6,000
600
To record credit purchases; terms 2/10, n/30; freight ₱600

6,000
ase Discounts 120
5,880
To record payment of June 17 purchase, with discount

6,000
nts Payable 6,000
To record credit purchases; terms 2/10, n/30; freight ₱600

6,000
ase Discounts 120
5,880
To record payment of June 17 purchase, with discount

6,000
600
nts Payable 6,600
To record credit purchases; terms 2/10, n/30; freight ₱600

6,600
ase Discounts 120
6,480
To record payment of June 17 purchase, with discount

6,000
nts Payable 5,400
600
To record credit purchases; terms 2/10, n/30; freight ₱600

5,400
ase Discounts 120
5,280
To record payment of June 17 purchase, with discount
TOTAL: ₱49,200 ₱49,200
 Toribio Cayanan Tires
DATE ACCOUNT TITLE & EXPLANATION DEBIT
June 2 Purchases ₱600,000
Accounts Payable
To record purchase inventory ( 600 x 1,000 tires)

4 Transportation in 8,000
Cash
To record transportation in

5 Purchases 360,000
Accounts Payable
To record purchase of inventory ( 600 x 600 tires)

6 Transportation in 5,000
Cash
To record transportation in

7 Accounts Payable 90,000

Purchases Return and Allowances
To record returns of defective purchase from June2

11 Accounts Payable 510,000

Cash
Purchase Discounts
To record payment of purchase from June 2 with 1% discount

13 Accounts Receivable 630,000

Sales
To record sales of 700 tires at 900

22 Cash 623,700
Sales Discount 6,300
Accounts Receivable
To record collection from June 13 sales with 1% discount

30 Accounts Payable 360,000

Cash
To record payment of purchase from June 5
TOTAL: ₱3,193,000
CREDIT

₱600,000

8,000

360,000

5,000

90,000

504,900
5,100

630,000

630,000

360,000

₱3,193,000
 Lenore Loqueque Homewares
DATE ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
Oct.7 Accounts Receivable ₱30,000
Sales ₱30,000
To record sold merchandise

8 Purchases 60,000
Accounts Payable 60,000
To record purchase merchandise

9 Transportation in 2,540
Cash 2,540
To record shipping charges

10 Purchases 90,000
Transportation in 6,000
Accounts Payable 96,000
To record purchase and transportation in

13 Office Supplies 24,000

Account Payable 24,000
To record office supplies

14 Accounts Receivable 24,000

Sales 24,000
To record sold merchandise

14 Accounts Payable 6,000

Return Purchases and Allowances 6,000
To record return damaged merchandise

17 Cash 30,000
Accounts Receivable 30,000
To record received check payment

18 Accounts Payable 4,000

Office supplies 4,000
To record office supplies received

19 Cash 18,000
Sales 18,000
To record sold merchandise

20 Accounts Payable 96,000

Cash 96,000
 To record paid Ortiz Co.

21 Accounts Payable 54,000

Cash 54,000
To record from balance on Oct. 8 and 14

24 Sales Return and Allowances 2,000

Accounts Receivable 2,000
To record accepted from Pabelico Co.
TOTAL: ₱446,540 ₱446,540
 Virginia Ruben Candles
DATE ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
Aug.1 Accounts Receivable ₱21,000
Sales ₱21,000
To record sold merchandise on credit

3 Purchases 38,000
Accounts Payable 38,000
To record purchase merchandise

5 Transportation In 290
Cash 290
To record paid SouthMin Freight

6 Supplies 6,360
Accounts Payable 6,360
To record purchase supplies

8 Purchases 36,000
Transportation In 200
Accounts Payable 36,200
To record purchase and freight costs

12 Accounts Payable 6,000

Purchase Return and Allowances 6,000
To record return some of merchandise

15 Accounts Receivable 12,000

Sales 12,000
To record sold merchandise on credit

16 Accounts Payable 2,000

Supplies 2,000
To record store supplies

17 Cash 10,000
Sales 10,000
To record sold merchandise

18 Sales Returns and Allowances 2,000

Accounts Receivables 2,000
To record credit a return

24 Accounts Payable 38,000

Cash 38,000
 To record paid of R. Cabellon Stores

25 Cash 19,000
Accounts Receivable 19,000
To record full payment of O. Lacierda Trading
TOTAL: ₱190,850 ₱190,850
 Marichu Fornoless Novelties
DATE ACCOUNT TITLE & EXPLANATION DEBIT CREDIT
Dec.7 Accounts Receivable ₱30,000
Sales ₱30,000
To record sold merchandise

8 Purchases 60,000
Accounts Payable 60,000
To record purchase merchandise

9 Transportation in 254
Cash 254
To record paid Dinopol Freight

10 Purchases 95,400
Transportation In 600
Accounts Payable 96,000
To record purchase and freight cost

13 Supplies 24,000
Accounts Payable 24,000
To record purchase supplies

14 Accounts Receivable 24,000

Sales 24,000
To record sold merchandise

14 Accounts Payable 6,000

Purchase Returns and Allowances 6,000
To record returned damaged

17 Cash 30,000
Accounts Receivable 30,000
To record received check

18 Accounts Payable 4,000

Supplies 4,000
To record supplies received

19 Cash 18,000
Sales 18,000
To record sold merchandise

20 Accounts Payable 96,000

Cash 96,000
 To record paid Magallanes Importers

21 Accounts Payable 54,000

Cash 54,000
To record paid Kho Traders

24 Sales Return & Allowances 2,000

Accounts Receivable 2,000
To record accepted from Zosa Gifts
TOTAL: ₱444,254 ₱444,254