M & M Appliance Center

Cash Receipts Combination Journal

January 31, 2006
Cash in bank Sales discount notes receivable interest income
Date Received from Explanation OR # CI # F Debit Debit debit
2-Jan Marcy Banzon investment 125 100,000.00
3-Jan HOLY ANGEL bookstore cash sales 54 6,600.00
5-Jan university of assumption collection of a/r 126 5,036.50
7-Jan araullo shopping center collection of a/r 127 2,285.40
10-Jan rang-ay partial collection 128 3,000.00
14-Jan perry magno collection of n/r and interse 129 1,024.00 (1,000.00) (24.00)
19-Jan lucas and company partial collection 130 205 10,000.00
19-Jan mira tan cash sales 0 2,200.00
20-Jan helen benitez cash sales 13,200.00
25-Jan joey and sons collection 131 5,000.00
28-Jan pag-asa collection 132 17,280.00 285.71

165,625.90 285.71 (1,000.00) (24.00)

 PAGE 3

Accounts receivable Sales Output tax Cash on hand Sundry accounts

(Credit) (Credit) Debit (Credit) (Credit) Account title F (Credit)
(100,000.00) 0
(5,892.86) (707.14) 0.00
(5,036.50) 0.00
(2,285.40) 0.00
(3,000.00) 0.00
0.00 0.00
(10,000.00) 0.00 0.00 0.00
(1,964.29) (235.71) 0.00
(11,785.71) (1,414.29) 0.00
(5,000.00) 0.00
(17,600.00) 34.29 (0.00)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(42,921.90) (19,642.86) (2,322.85) 0.00 (100,000.00)
M & M Appliance Center
Cash Disbursement Combination Journal
January 31, 2006
Cash in bank Purchase Discount Accounts payable Purchases
Date Payee Explanation CV # CHK # F (Credit) (Credit) Debit Debit
2-Jan abenson payment of accounts payable 101 3601 (7,771.25) (70.09) 7,849.75
4-Jan westmart payment of accounts payable 98 3602 (15,861.80) 15,861.80
5-Jan Payment of ss. Other contribution (5,071.10)
8-Jan pldt payment of utilities (838.00)
9-Jan aloha marketing downpayment (4,400.00) 4,400.00
11-Jan escolta payment of a/p 99 3603 (10,356.75) 10,356.75
12-Jan drawing (5,000.00)
15-Jan payroll payment (5,301.00)
20-Jan abenson a/p payment (8,000.00) 8,000.00
20-Jan aloha marketing PAYMENT OF BALANCE (4,312.00) (78.57) 4,400.00
30-Jan bpi loan payment (5,666.67)
30-Jan filinvest note payment (4,300.00)
30-Jan replenishment of pcf replenishment of pcf (639.04)
30-Jan payroll payment (4,817.30)
(82,334.91) (148.66) 50,868.30 0.00
Freight in Input tax Cash on hand Petty cash fund Utilities payable Interest payable Vat payable Withholding tax payable
Debit Debit (Credit) Debit Debit Debit Debit Debit Debit (Credit)
(8.41)

1,100.00

(399.00)

(9.43)

(399.00)
0.00 (17.84) 0.00 0.00 0.00 0.00 0.00 302.00
SS & EC prem. Payable Taxes payable Note payable - current Loan payable Note payable - NC Marquez, personal Banzon, personal
Debit (Credit) Debit (Credit) Debit (credit) Debit (credit) Debit Debit Debit

3,971.10

2,500.00 2,500.00

4,916.67
2,500.00
4.04
(483.70)
3,487.40 0.00 0.00 4,916.67 0.00 2,500.00 2,500.00
Advertising SS, Medicare & EC - Selling Gas & oil Delivery expense Salaries - selling Supplies - selling Taxes & Licenses Supplies - admin
Debit Debit Debit Debit Debit Debit Debit Debit

3,000.00

300.00 230.00
2,700.00
0.00 0.00 0.00 0.00 5,700.00 0.00 0.00 0.00
Insurance - admin Repairs & maint. Selling SS, Medicare & EC - Admin Utilities - Selling Organization Cost Admin Repairs & maint. Admin
Debit Debit Debit Debit Debit Debit

419.00

0.00 0.00 0.00 419.00 0.00 0.00

 PAGE 3

Bank charges Utilities - admin Salaries - admin Miscellaneous - Selling Miscellaneous - Admin Sundry accounts
Debit Debit Debit Debit Debit Account title F Debit
###
###
###
419.00 ###
###
###
0.00 ###
2,700.00 ###
###
###
interest expense 750.00 0.00
interest expense 1,800.00 0.00
105.00 0.00
3,000.00 0.00
0.00 419.00 5,700.00 0.00 0.00 750.00 0.00
0.00
0.00
0.00
0.00
0.00

###
 A
M & M Appliance Center
Sales Journal
January 31, 2006
Cash in bank Accounts receivable
Date Invoice # Account Debited Explanation/Terms F Debit Debit
8-Jan 205 accounts receivable 2/10,n/30 16,500.00
15-Jan 206 accounts receivable 2/10,n/30 10,560.00
22-Jan 207 accounts receivable 2/10,n/30 17,600.00
25-Jan 208 accounts receivable 2/10, n/30 9,900.00
28-Jan credit memo (500.00)

0.00 54,060.00

B
M & M Appliance Center
Purchases Journal
January 31, 2006
Customer Purchases Input tax
Date Invoice # Account Credited Explanation/Terms F Debit Debit
9-Jan 10235 accounts payable 2/15,n/30 7,857.14 942.86
16-Jan 4301 accounts payable n/30 22,589.29 2,710.71
22-Jan 234750 accounts payable 2% eom. n/30 4,321.43 518.57
34,767.86 4,172.14
 PAGE 3

sales return Sales Output tax

(Credit) (Credit)
(14,732.14) (1,767.86) 0
(9,428.57) (1,131.43)
(15,714.29) (1,885.71)
(8,839.29) (1,060.71)
446.43 53.57

446.43 (48,714.29) (5,792.14)

PAGE 3

Accounts payable
(Credit)
(8,800.00) 0
(25,300.00) 0
(4,840.00)
(38,940.00)
 M & M Appliance Center
Petty Cash Journal
January 31, 2006
Petty cash fund Credits
Date Explanation Payee PCV # Debit (Credit) Gas & oil
1-Jan Beginning balance 1,000.00
2-Jan drawing-michelle marquez (4.04)
5-Jan gas and oil (300.00) 300.00
22-Jan freight out (50.00)
25-Jan freight out (180.00)
30-Jan misc (105.00)
639.04 0.00

1,000.00 (0.00) 300.00

Balance 1,000.00
 Center
rnal
006
Credits Sundry
Delivery Repairs & maintenance Account title F (Credit)

drawing-michelle marque 4.04

frieght out 50.00

frieght out 180.00
misc. 105.00

0.00 0.00 339.04

 M & M Appliance Center
General Journal
January 31, 2006
Journal voucher
Date Number Explanation Account debited
1-Jan reversing entry for supplies inventor supplies expense-admin

reversing entry for prepaid insuranc insurance expense-admin

reversing entry for interest receivab interest income

reversing entry for utilities payable utilities payable

31-Jan adjustment for supplies supplies expense-selling

supplies inventory

depreciation expenses depreciation-building-selling

depreciation-building-admin

depreciation expenses depreciation-furniture-selling

depreciation-furniture-admin

depreciation expenses depreciation-truck-selling

depreciation-truck-admin

employer's contribution sss, mcr, ec-selling

sss, mcr, ec-admin

accrued utilities expense utilities expense-selling

utilities expense-admin

insurance expense prepaid insurance

recognition of vat payable output tax

M & M Appliance Center
General Journal
January 31, 2006

Account credited F Debit Credit

5,337.00
supplies inventory 5,337.00
1,015.00
prepaid insurance 1,015.00
12.00
interest receivable 12.00
838.00
utilities expense-admin 419.00
utilities expense-selling 419.00
150.00
4,887.00
supplies expense-admin 5,037.00
250.00
250.00
accum.dep-building 500.00
66.71
66.71
accum.dep-furniture 134.41
194.44
194.44
accum.dep-truck 388.89
348.7
374
sss-mcr payable 722.70
445.00
445.00
utilities payable 890.00
947.33
insurance expense 947.33
8,114.99
input tax 4,154.30
vat payable 3,360.69

23,936.32 23,337.32
 CURRENT ASSETS
Account: Cash on hand Account No. 110 Account: Cash in bank
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Beginning balance 0.00 1-Jan Beginning balance
31-Jan Total from CDJ 0.00 0.00 31-Jan Total from CRJ
31-Jan Total from CRJ 0.00 0.00 31-Jan Total from CDJ
0.00 31-Jan Total from SJ
0.00
0.00
0.00

Account: Petty cash fund Account No. 112 Account: Accounts receivable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 1,000.00 1,000.00 1-Jan Beginning balance
31-Jan Total from CDJ 0.00 1,000.00 31-Jan Total from CRJ
1,000.00 31-Jan Total from SJ
1,000.00
1,000.00
1,000.00
1,000.00

Account: Allowance for bad debts Account No. 114.1 Account: Notes receivable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
Beginning balance 1,033.60 1,033.60 Beginning balance
1,033.60 14-Jan
1,033.60
1,033.60
1,033.60
1,033.60

Account: Subscription receivable Account No. 115 Account: Input tax

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
Beginning balance 0.00 1-Jan Beginning balance
 0.00 31-Jan Total from CDJ
0.00 31-Jan Total from PJ
0.00
0.00
0.00

Account: Interest receivable Account No. 116 Account: Merchandise inventory

`
Date Particulars F Debit Credit Debit Credit Date Particulars F
Beginning balance 12.00 12.00 0.00 1-Jan Beginning balance
0.00 0.00
0.00
0.00
0.00
0.00

Account: Prepaid insurance Account No. 119 Account: Supplies inventory

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 1,015.00 1,015.00 0.00 1-Jun Beginning balance
947.33 947.33
947.33
947.33
947.33
947.33

NON CURRENT ASSETS

Account: Land Account No. 121
Balance
Date Particulars F Debit Credit Debit Credit
1-Jun Beginning balance 50,000.00 50,000.00
50,000.00
50,000.00
50,000.00
50,000.00
50,000.00

Account: Furniture & equipment Account No. 124 Account: Accumulated depreciation - furniture & equipment
 Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 16,008.80 16,008.80 1-Jan Beginning balance
16,008.80
16,008.80
16,008.80
16,008.80
16,008.80

Account: Delivery equipment Account No. 123 Account: Accumulated depreciation - delivery equipment
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 75,500.00 75,500.00 1-Jan Beginning balance
75,500.00
75,500.00
75,500.00
75,500.00
75,500.00

Account: Building Account No. 122 Account: Accumulated depreciation - building

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jun Beginning balance 150,000.00 150,000.00 1-Jun Beginning balance
150,000.00
150,000.00
150,000.00
150,000.00
150,000.00

CURRENT LIABILITIES
Account: Accounts payable Account No. 221 Account: Utilities payable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 34,068.30 34,068.30 1-Jan Beginning balance
31-Jan Total from CDJ 50,868.30 (16,800.00) 31-Jan Total from CDJ
31-Jan Total from PJ 38,940.00 22,140.00
22,140.00
22,140.00
22,140.00
Account: Interest payable Account No. 213 Account: SS, Medicare and EC premiums payable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 0.00 0.00 1-Jan Beginning balance
0.00 31-Jan Total from CDJ
0.00
0.00
0.00
0.00

Account: Withholding taxes payable Account No. 215 Account: Taxes payable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 1,100.00 1,100.00
31-Jan Total from CDJ 302.00 798.00 31-Jan Total from CDJ
798.00
798.00
798.00
798.00

Account: Note payable current Account No. 217 Account: Loan payable
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 24,000.00 24,000.00 1-Jan Beginning balance
31-Jan Total from CDJ 2,500.00 21,500.00 31-Jan Total from CDJ
21,500.00
21,500.00
21,500.00
21,500.00

Account: VAT payable Account No. 218 Account: Output tax

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 0.00 31-Jan Total from CRJ
31-Jan Total from CDJ 0.00 3,360.69 3,360.69 31-Jan Total from SJ
3,360.69
3,360.69
3,360.69
 3,360.69

NON CURRENT LIABILITIES

Account: Note payable long-term Account No. 230
Balance
Date Particulars F Debit Credit Debit Credit
1-Jan Beginning balance 96,000.00 96,000.00
31-Jan Total from CDJ 0.00 96,000.00
96,000.00
96,000.00
96,000.00
96,000.00

EQUITIES
Account: Marquez, Capital Account No. 311 Account: Marquez, Personal
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 233,004.04 233,004.04 31-Jan Total from CDJ
233,004.04
233,004.04
233,004.04
233,004.04
233,004.04

Account: Banzon, Capital Account No. 313 Account: Banzon, Personal

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 100,000.00 100,000.00 31-Jan Total from CDJ
31-Jan Total from CRJ 100,000.00
100,000.00
100,000.00
100,000.00
100,000.00

Account: Income & expense summary Account No. 503

Balance
Date Particulars F Debit Credit Debit Credit
0.00
 0.00
0.00
0.00
0.00
0.00

REVENUES
Account: Sales Account No. 411 Account: Sales discount
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CRJ 19,642.86 19,642.86 31-Jan Total from CRJ
31-Jan Total from SJ 48,714.29 68,357.15
68,357.15
68,357.15
68,357.15
68,357.15

Account: Sales returns & allowances Account No. 412 Account: Interest income
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
28-Jan 446.43 446.43
446.43 14-Jan
446.43
446.43
446.43
446.43

EXPENSES
Account: Purchases Account No. 511 Account: Freight in
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from PJ 34,767.86 34,767.86 31-Jan Total from CDJ
31-Jan Total from CDJ 0.00 34,767.86
34,767.86
34,767.86
34,767.86
34,767.86
Account: Purchase discount Account No. 513 Account: Purchase returns & allowances
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 148.66 148.66
148.66
148.66
148.66
148.66
148.66

Account: Advertising Account No. 611.1 Account: Bad debts

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 0.00 0.00
0.00
0.00
0.00
0.00
0.00

Account: Depreciation - furniture & equipment - selling Account No. 611.4 Account: Depreciation - delivery equipment
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
66.71 66.71
66.71
66.71
66.71
66.71
66.71

Account: Gas & oil Account No. 611.6 Account: SS, Medicare and EC - selling
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 300.00 300.00 31-Jan Total from CDJ
300.00
300.00
300.00
300.00
300.00
Account: Depreciation - building - selling Account No. 611.3 Account: Delivery expense
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
1-Jan Beginning balance 250.00 250.00 31-Jan Total from CDJ
250.00
250.00
250.00
250.00
250.00

Account: Salaries selling Account No. 611.9 Account: Salaries administrative

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 5,700.00 5,700.00 31-Jan Total from CDJ
0.00 5,700.00
5,700.00
5,700.00
5,700.00
5,700.00

Account: Supplies selling expense Account No. 611.8 Account: Taxes & licenses admin expense
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 0.00 0.00 31-Jan Total from CDJ
150.00 150.00
150.00
150.00
150.00
150.00

Account: Utilities expense - selling Account No. 611.11 Account: Repairs & maintenance admin expense
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 419.00 419.00 0.00 31-Jan Total from CDJ
445.00 445.00
445.00
445.00
445.00
 445.00

Account: Interest expense Account No. 912 Account: Bank charges

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
30-Jan 750.00 750.00 31-Jan Total from CDJ
30-Jan 1,800.00 2,550.00
2,550.00
2,550.00
2,550.00
2,550.00

Account: Supplies admin expense Account No. 711.8 Account: Amortization expense - admin
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 5,337.00 5,337.00
5,037.00 300.00
300.00
300.00
300.00
300.00

Account: Depreciation building admin Account No. 711.3 Account: Depreciation furniture & equipment admin
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan 250.00 250.00 31-Jan
250.00
250.00
250.00
250.00
250.00

Account: Insurance expense Account No. 711.5 Account: Repairs and maintenance selling
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 1,015.00 1,015.00 31-Jan Total from CDJ
947.33 67.67
67.67
67.67
 67.67
67.67

Account: SS, Medicare and EC - admin Account No. 711.9 Account: Utilities expense - admin
Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 374.00 374.00 31-Jan Total from CDJ
374.00
374.00
374.00
374.00
374.00

Account: Organization cost Account No. 711.12 Account: Miscellaneous - selling

Balance
Date Particulars F Debit Credit Debit Credit Date Particulars F
31-Jan Total from CDJ 0.00 0.00 31-Jan Total from CDJ
0.00
0.00
0.00
0.00
0.00

Account: Miscellaneous - admin Account No. 711.13

Balance
Date Particulars F Debit Credit Debit Credit
31-Jan Total from CDJ 105.00 105.00
105.00
105.00
105.00
105.00
105.00
 Account No. 111
Balance
Debit Credit Debit Credit
17,887.50 17,887.50
165,625.90 183,513.40
82,334.91 101,178.49
0.00 101,178.49
101,178.49
101,178.49
101,178.49

Account No. 114

Balance
Debit Credit Debit Credit
20,671.90 20,671.90
42,921.90 (22,250.00)
54,060.00 31,810.00
31,810.00
31,810.00
31,810.00
31,810.00

Account No. 113

Balance
Debit Credit Debit Credit
1,000.00 1,000.00
1,000.00 0.00
0.00
0.00
0.00
0.00

Account No. 120

Balance
Debit Credit Debit Credit
600.00 600.00
 (17.84) 582.16
4,172.14 4,754.30
4,754.30 0.00
0.00
0.00

Account No. 117

Balance
Debit Credit Debit Credit
74,672.50 74,672.50
74,672.50 0.00
75,500.00 75,500.00
75,500.00
75,500.00
75,500.00

Account No. 118

Balance
Debit Credit Debit Credit
5,337.00 5,337.00 0.00
4,887.00 4,887.00
4,887.00
4,887.00
4,887.00
4,887.00

on - furniture & equipment Account No. 124.1

 Balance
Debit Credit Debit Credit
1,467.44 1,467.44
133.41 1,600.85
1,600.85
1,600.85
1,600.85
1,600.85

on - delivery equipment Account No. 123.1

Balance
Debit Credit Debit Credit
3,888.89 3,888.89
388.89 4,277.78
4,277.78
4,277.78
4,277.78
4,277.78

Account No. 122.1

Balance
Debit Credit Debit Credit
6,000.00 6,000.00
500.00 6,500.00
6,500.00
6,500.00
6,500.00
6,500.00

Account No. 212

Balance
Debit Credit Debit Credit
838.00 838.00 0.00
0.00 0.00
890.00 890.00
890.00
890.00
890.00
miums payable Account No. 214
Balance
Debit Credit Debit Credit
3,971.10 3,971.10
3,487.40 483.70
722.70 1,206.40
1,206.40
1,206.40
1,206.40

Account No. 216

Balance
Debit Credit Debit Credit
0.00
0.00 0.00
0.00
0.00
0.00
0.00

Account No. 217.1

Balance
Debit Credit Debit Credit
8,333.33 8,333.33
4,916.67 3,416.66
3,416.66
3,416.66
3,416.66
3,416.66

Account No. 220

Balance
Debit Credit Debit Credit
2,322.85 2,322.85
5,792.14 8,114.99
8,114.99 0.00
0.00
0.00
 0.00

Account No. 312

Balance
Debit Credit Debit Credit
4.04 4.04
2,500.00 2,504.04
2,504.04
2,504.04
2,504.04
2,504.04

Account No. 314

Balance
Debit Credit Debit Credit
(2,500.00) (2,500.00)
(2,500.00)
(2,500.00)
(2,500.00)
(2,500.00)
(2,500.00)
 Account No. 413
Balance
Debit Credit Debit Credit
285.71 285.71
285.71
285.71
285.71
285.71
285.71

Account No. 811

Balance
Debit Credit Debit Credit
12.00 (12.00)
24.00 12.00
12.00
12.00
12.00
12.00

Account No. 514

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
0.00
0.00
 Account No. 512
Balance
Debit Credit Debit Credit
0.00
0.00
0.00
0.00
0.00
0.00

Account No. 711.2

Balance
Debit Credit Debit Credit
0.00
0.00
0.00
0.00
0.00
0.00

Account No. 611.5

Balance
Debit Credit Debit Credit
388.89 388.89
388.89
388.89
388.89
388.89
388.89

Account No. 611.1

Balance
Debit Credit Debit Credit
348.70 348.70
348.70
348.70
348.70
348.70
348.70
 Account No. 611.2
Balance
Debit Credit Debit Credit
230.00 230.00
230.00
230.00
230.00
230.00
230.00

Account No. 711.7

Balance
Debit Credit Debit Credit
5,700.00 5,700.00
5,700.00
5,700.00
5,700.00
5,700.00
5,700.00

Account No. 711.10

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
0.00
0.00

admin expense Account No. 611.7

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
0.00
 0.00

Account No. 911

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
0.00
0.00

Account No. 711.1

Balance
Debit Credit Debit Credit
0.00
0.00
0.00
0.00
0.00
0.00

& equipment admin Account No. 711.4

Balance
Debit Credit Debit Credit
66.70 66.70
66.70
66.70
66.70
66.70
66.70

Account No. 711.6

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
 0.00
0.00

Account No. 711.11

Balance
Debit Credit Debit Credit
419.00 419.00 0.00
445.00 445.00
445.00
445.00
445.00
445.00

Account No. 611.12

Balance
Debit Credit Debit Credit
0.00 0.00
0.00
0.00
0.00
0.00
0.00
 ACCOUNTS RECEIVABLE S
Name: Araullo Shopping Center Address:
Balance
Date Particulars F Debit Credit Debit
27-Dec SI # 204 2,285.40 2,285.40
7-Jan OR#127 2,285.40 0.00
0.00
0.00
0.00
0.00
0.00

Name: Rang-ay Rural Bank Address:

Date Particulars F Debit Credit Debit

15-Dec SI # 201 5,245.00 5,245.00
10-Jan or# 3,000.00 2,245.00
2,245.00
2,245.00
2,245.00
2,245.00
2,245.00

Name: lucas and company Address: cavite

Balance
Date Particulars F Debit Credit Debit
8-Jan si#205 16,500.00 16,500.00
19-Jan chk#29835 10,000.00 6,500.00
6,500.00
6,500.00
6,500.00
6,500.00
6,500.00

ACCOUNTS PAYABLE SU
Name: Abenson Inc. Address:
Balance
Date Particulars F Debit Credit Debit
CI# 4258 V# 101 (2/10, 1/15, n/30) 7,849.75
2-Jan v#101 chk#3601 7,849.75
16-Jan i#4301 25,300.00
20-Jan 8,000.00
Name: West Mart, Inc. Address:
Balance
Date Particulars F Debit Credit Debit
CI# 10150 V# 98 (n/30) 15,861.80
4-Jan ci#10150V#98check#3602 15,861.80

AR SCHEDULE
Araullo Shopping Center 0.00
Vasquez Grocery 8,105.00
Rang-ay Rural Bank 2,245.00
University of Assumption 0.00
Lucas and Company 6,500.00
pagasa brodcasting 0.00
lyceum of the philippines 9,900.00
Joey and sons company 5,060.00
31,810.00

AP SCHEDULE
Abenson Inc. 17,300.00
Escolta Appliance Center 4,840.00
aloha markting 0.00
West Mart, Inc. 0.00
22,140.00
NTS RECEIVABLE SUBSIDIARY LEDGER
Name: Guagua Address:
Balance
Credit Date Particulars F Debit Credit
27-Dec SI # 203 8,105.00

Name: University of Assumption Address:

Credit Date Particulars F Debit Credit

20-Dec SI # 202 5,036.50
5-Jan OR#126 5,036.50

Name: joey and sons Address:

Balance
Credit Date Particulars F Debit Credit
15-Jan si#206 10,560.00
25-Jan 5,000.00
28-Jan credit memo 500.00

UNTS PAYABLE SUBSIDIARY LEDGER

Name: Escolta Appliance Center Address:
Balance
Credit Date Particulars F Debit Credit
7,849.75 CI# 23411 V# 92 (3% e.o.m., n/30) 10,356.75
0.00 11-Jan chk#3603 10,356.75
25,300.00 22-Jan i#234750 4,840.00
17,300.00
17,300.00
17,300.00
17,300.00
17,300.00
17,300.00
 17,300.00
17,300.00
17,300.00

Name: aloha marketing Address:

Balance
Credit Date Particulars F Debit Credit
15,861.80 9-Jan 8,800.00
0.00 14-Jan 0 4,400.00
0.00 4,400.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
 Name: pagasa broad Address:
Balance Balance
Debit Credit Date Particulars F Debit Credit Debit Credit
8,105.00 21-Jan si#207 17,600.00 17,600.00
8,105.00 28-Jan 17,600.00 0.00
8,105.00 0.00
8,105.00 0.00
8,105.00 0.00
8,105.00 0.00
8,105.00 0.00

Name: lyceum pf the philippines Address:

Balance Balance
Debit Credit Date Particulars F Debit Credit Debit Credit
5,036.50 25-Jan si#208 9,900.00 9,900.00
0.00 9,900.00
0.00 9,900.00
0.00 9,900.00
0.00 9,900.00
0.00 9,900.00
0.00 9,900.00

binan
Balance
Debit Credit
10,560.00
5,560.00
5,060.00
5,060.00
5,060.00
5,060.00
5,060.00

Balance
Debit Credit
10,356.75
0.00
4,840.00
4,840.00
4,840.00
4,840.00
4,840.00
4,840.00
4,840.00
 4,840.00
4,840.00
4,840.00

makati
Balance
Debit Credit
8,800.00
0.00 4,400.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
 M & M Appliance Center
Worksheet
January 31, 2006
Adjusted Trial balance Income statement Balance sheet
Debit Credit Debit Credit Debit Credit
Cash on hand 0.00 0.00
Cash in bank 101,178.49 101,178.49
Petty cash fund 1,000.00 1,000.00
Accounts receivable 31,810.00 31,810.00
Allowance for bad debts 1,033.60 1,033.60
Notes receivable 0.00 0.00
Interest receivable 0.00 0.00
Subscription receivable 0.00 0.00
Merchandise inventory 75,500.00 75,500.00
Prepaid insurance 947.33 947.33
Supplies inventory 4,887.00 4,887.00
Input tax 0.00 0.00
Land 50,000.00 50,000.00
Furniture & equipment 16,008.80 16,008.80
Accumulated depreciation - furniture & equipment 1,600.85 1,600.85
Delivery equipment 75,500.00 75,500.00
Accumulated depreciation - delivery equipment 4,277.78 4,277.78
Building 150,000.00 150,000.00
Accumulated depreciation - building 6,500.00 6,500.00
Accounts payable 22,140.00 22,140.00
Note payable current 21,500.00 21,500.00
SS, Medicare and EC premium payable 1,206.40 1,206.40
Withholding taxes payable 798.00 798.00
Taxes payable 0.00 0.00
Interest payable 0.00 0.00
Loan payable 3,416.66 3,416.66
Utilities payable 890.00 890.00
VAT payable 3,360.69 3,360.69
Output tax 0.00 0.00
Note payable long-term 96,000.00 96,000.00
Marquez, Capital 233,004.04 233,004.04
Marquez, Personal 2,504.04 2,504.04
Banzon, Capital 100,000.00 100,000.00
Banzon, Personal (2,500.00) (2,500.00)
Sales 68,357.15 68,357.15
Sales discount 285.71 285.71
Sales returns & allowances 446.43 446.43
Interest income 12.00 12.00
Purchases 34,767.86 34,767.86
Freight in 0.00 0.00
Purchase discount 148.66 148.66
Purchase returns & allowances 0.00 0.00
Advertising 0.00 0.00
Bad debts 0.00 0.00
Depreciation furniture & equipment - selling 66.71 66.71
Depreciation - delivery equipment 388.89 388.89
Depreciation building - selling 250.00 250.00
Gas & oil 300.00 300.00
SS, Medicare and EC expense - selling 348.70 348.70
Salaries - selling 5,700.00 0.00
Salaries - admin 5,700.00 5,700.00
Supplies expense - selling 150.00 150.00
Taxes & licenses - admin 0.00 0.00
Utilities expense - selling 445.00 445.00
Repairs & maintenance expense - admin 0.00 0.00
Supplies expense - admin 300.00 300.00
Delivery expense - selling 230.00 230.00
Amortization esxpense - admin 0.00 0.00
Depreciation building - admin 250.00 250.00
Depreciation furniture & equipment - admin 66.70 66.70
Insurance expense 67.67 67.67
Repairs & maintenance expense - selling 0.00 0.00
SS, Medicare and EC expense - admin 374.00 374.00
Utilities expense - admin 445.00 445.00
Organization cost - admin 0.00 0.00
Miscellaneous - selling 0.00 0.00
Miscellaneous - admin 105.00 105.00
Interest expense 2,550.00 2,550.00
Bank charges 0.00 0.00
Net profit (Dr.) Net loss (Cr.)

560,073.33 564,245.83 47,537.67 68,517.81 506,835.66 495,728.02

 M & M Appliance Center
Balance Sheet
January 31, 2006

ASSETS
Current assets:
Cash on hand P 0.00
Cash in bank 101,178.49
Petty cash fund 1,000.00
Accounts receivable P 31,810.00
Less: Allowance for bad debts 1,033.60 30,776.40
Notes receivable 0.00
Interest receivable 0.00
Subscription receivable 0.00
Merchandise inventory 75,500.00
Prepaid insurance 947.33
Supplies inventory 4,887.00
Input tax 0.00
Total current assets 214,289.22

Non current assets:

Land 50,000.00
Building P 150,000.00
Less: Accumulated depreciation 6,500.00 143,500.00
Furniture and equipment P 16,008.80
Less: Accumulated depreciation 1,600.85 14,407.95
Delivery equipment 75,500.00
Less: Accumulated depreciation 4,277.78 71,222.22
Total noncurrent assets 279,130.17
Total assets P 493,419.39

LIABILITIES & PARTNERS' EQUITY

Current liabilities:
Accounts payable P 22,140.00
Note payable current 21,500.00
SS, Medicare and EC premium payable 1,206.40
Withholding taxes payable 798.00
Taxes payable 0.00
Interest payable 0.00
Loan payable 3,416.66
Utilities payable 890.00
VAT payable 3,360.69
Total current liabilities 53,311.75
Note payable long-term 96,000.00
Total liabilities 149,311.75
Owners' equity:
M. Mabuhay Capital, beg. P 233,004.04
Add/Less: Share in income or loss
Drawings (2,504.04) 230,500.00
M. Mabuhay Capital, beg. P 100,000.00
Add/Less: Share in income or loss 0.00
Drawings (2,500.00) 97,500.00
Total liabilities and owners' equity 477,311.75

M & M Appliance Center

Income Statement
January 31, 2006

Sales P 68,357.15
Less: Sales discount 285.71
Sales returns 446.43
Net sales P 67,625.01
Less: Cost of sales
Beginning inventory P 74,672.50
Add: Net purchases
Purchases 34,767.86
Freight in 0.00
Less: Purchase discount 148.66
Purchase return 0.00
Net purchases 34,619.20
TGAS 109,291.70
Less: Ending inventory 75,500.00 33,791.70
Gross profit P 33,833.31
Add: Interest income 12.00
P 33,845.31
Less: Oprerating expenses
Selling
Advertising P 0.00
Bad debts 0.00
Depreciation - furniture & equipment 66.71
Depreciation - delivery equipment 388.89
Depreciation - building 250.00
Gas & oil 300.00
SS, Medicare and EC premium expense 348.70
Salaries expense 5,700.00
Supplies expense 150.00
Utilities expense 445.00
Delivery expense 230.00
Repairs and maintenence 0.00
Miscellaneous 0.00 7,879.30
Administrative
Amortization 0.00
SS & EC premium expense 374.00
Insurance 67.67
Depreciation - building 250.00
Depreciation - furniture & equipment 66.70
Salaries expense 5,700.00
Supplies expense 300.00
Taxes & licenses expense 0.00
Utilities expense 445.00
Repairs & maintenance expense 0.00
Organizational cost 0.00
Interest expense 2,550.00
Bank charges 0.00
Miscellaneous 105.00 9,858.37
Net profit (loss) P 16,107.64