ForRicardo Pangan

theGeneral
month of Company
Journal
January 2021
Date
Jan. 2 Accounts Accounts
Receivable
Sales Receivable Debit
240,000 Credit
Jan.
Jan. 3
4 Purchases Accounts
Cash Discounts Payable 90,000 240,000
205,800 90,000
Jan. Sales Accounts Receivable 4,200 210,000
Jan. 5
7 Cash Sales
Accounts Payable
Cash
Purchase Discounts
430,000
130,000 430,000
126,100
3,900
Jan.
Jan. 8 Accounts Receivable
Sales 310,000
10,000 310,000
Jan. 9
10 Accounts
Sales
Payable
Cash Purchase
DiscountsReturn and Allowances
Accounts Receivable 235,200
4,800 10,000
240,000
Jan. 11 Purchases Accounts
Accounts Payable Payable 120,000
80,000 120,000
Jan. 12 Purchases Cash
Purchase Discounts 70,000 77,600
2,400
Jan. 13 Accounts Cash
Receivable
Sales 130,000 70,000
130,000
Jan.
Jan. 14
15 Interest
Salaries Expense
Cash
Expense 10,000
80,000 10,000
Jan. 17 Purchases Cash
Accounts Payable 190,000 80,000
190,000
Jan.
Jan. 18
19 Accounts
Pangan, Receivable
Sales
Withdrawals 460,000
100,000 460,000
Jan. Cash 100,000
Jan. 21
22 Office Supplies
Cash
Transportation
Cash
Expense
CashIn
40,000
20,000
127,400
40,000
20,000
Jan. 23 Sales Discounts
Accounts Accounts
Receivable Receivable 2,600
110,000 130,000
Jan. Sales 110,000
Jan. 24
25 Sales
Cash Return
Purchases
and Allowances
Accounts
Accounts Receivable
Receivable
30,000
280,000
340,000
30,000
280,000
Jan. 26 Accounts Accounts
Payable
Cash Payable 90,000 340,000
90,000
Jan.
Jan. 27
28 Cash
Purchases Notes Payable 170,000
270,000 170,000
Jan. Accounts Payable 270,000
Jan. 29
30 Accounts
Purchases
Cash
Receivable
Sales
Accounts Payable
170,000 170,000
360,000 360,000
1,310,000
Sales 1,310,000
 CASH 110 ACCCOUNTS RECEIVA GENERAL
120LEDGER
1/3101-Jan 240,000
CR35 2,384,700
2,758,400
2,998,400 613,700
613,700 CD43 1/31 1/3101-Jan
S16 210, 000
1,420,000
1,630,000
740,000 860,000
30,000 CR35
890,000 1/31
GJ13 1/24
OFFICE EQUIPMENT
01-Jan 1,000,000
1,000,000 160 ACCUMULATED DEPREGJ1301-Jan
250,000
10,000 165
1/31
260,000
1/31 G13 PANGAN,2,714,700
100,000 CAPITAL GJ1301-Jan
1,650,000 310 1/19 CD43 PANGAN, WITHDR
100,000 320
100,000 1,064,700
2,614,700 1/31 0 100,000 GJ13 1/31
1/31 CR35 SALES DICOUNTS
11,600 430
11,600 GJ13 1/31 P25 PURCHASES
1/31 CD43 1,370,000
70,000
1,440,000 510
1,440,000 GJ13 1/31
0 0 1,440,000
1/31 CD43 SALARIES
1/15 GJ13 80,000EXPENSE
0 170,000
90,000
170,000 610
170,000 GJ13 1/31 1/31 GJ13 RENT EXPENSE30,000
30,000
0
620
Jan-31
01-Jan
Jan-18 R. LOYOLA
210,000
460,00
670,000 210,000
210,000 CR32 1/4 1/2
1/23S16
S16 B. BANDONELL
240,000
110,000
350,000
460,000 110,000
1/7 CD43 E. SAMONTE
130,000 COMPANY
130,000 T. ARENAS COMPA
1/26 CD43 90,000
220,000 320,000 P 2501-Jan
190,000
100,000 1/17 1/9 GJ13
1/11 CD43 10,000
80,000
90,000
 GJ13 MERCHANDISE
1/3101-Jan 730,000 INVENGJ13 1/31
470,000 730,000
1,200,000
470,000 730,000 130 01-Jan PREPAID RENT 30,000 GJ13 1/31
90,000
60,000
140
NOTES PAYABLE400,000 210
170,000 CR3501-Jan
1/27 1/9 GJ13 ACCOUNTS
Jan-31 CD43 300,0 PAYABLE
10,000
310,000 220
130,000 P25 01-Jan
1,370,000
1,500,000 1/31
570,000 1,190,000
1/31 GJ13 INCOME SUMMAR
260,000 330
3,118,400 GJ13 1/31 SALES 3,160,000
1/31 GJ13 3,160,000
3,160,000 1,420,0000 CR35 410
S16 1/31
1/31 GJ13 1,443,700
1/31 GJ13 350,000
1,064,700
3,118,400 3,118,4000
1,740,000 1/31
PURCHASES
1/31 GJ13 RETURNS
10,000 AND ALL GJ13 520
10,000 1/31 GJ13 PURCHASES
6,300 DISCOUN 530
6,300 CD43 /31
0 0
1/31 GJ13 OFFICE SUPPLIES
130,000 EXP
0 130,000 GJ13 1/31
630 1/31 GJ13 DEPRECIATION
10,000
0
EXPENGJ13 1/31
10,000 640
B. BANDONELL
240,000 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
G. SEVIDAL M. CERDA
240,000 CR35 1/10 1/8 S16 310,000
310,000 30,000 GJ13
280,000
0 310,000 CR35 1/24
1/25 1/13
1/29 S16 130,000
170,000
300,000
170,000
T. ARENAS ACCOUNTS PAYABLE SUBSIDIARY LEDGER
COMPANY L.VIRAY270,000
COMPANY A. BRAGANZA COM
90,000
360,000 P25 1/1 120,000 P25 1/28
1/11
360,000 P25 1/30
450,000 390,000 P25
 1/2101-Jan
CD43 OFFICE SUPPLIES
160,000
40,000
200,000 130,000
130,000
70,000
SALARIES PAYABLE
90,000
90,000
SALES RETURN30,000
1/24 GJ13 AND ALLOWANCES
30,000
0
1/22 CD43 TRANSPORTATION
20,000 IN
20,000
0
1/14 CD43 INTEREST
10,000
0
EXPENSE
10,000
M. CERDA
130,000
130,000 CR35 1/22
A. BRAGANZA COMPANY
340,000 P25 1/25
 DATE INVOICE ACCOUNT
NO.B. SALES
DEBITED
POST JOURNAL
ACCOUNTS
REF. PG. 16CR.
REC.DR/SALES
2021
Jan-02
8
13 316
317
318 G.
M. BANDONELL
SEVIDAL
CERDA 240,000
310,000
130,000
18
23
29 319
320
321 R.LOYOLA
B. BANDONELL
M. CERDA 460,000
110,000
170,000
1,420,000
120/ 410
Accounts GENERAL LEDGER
1/30 S16 Receivable
120
1,420,000 Sales 410 1,420,000
1/30 S16
B. Accounts Receivable
Subsidiary Ledger
1/2Bandonell
1/23 S16 240,000
110,000 M.
1/13
1/29
R.
Cerda
S16 170,000
Loyola 130,000
G. Sevidal
1/8 S16 310,000 1/18 S16 460,000
CASH RECEIPTS JOURNAL
Description DEBITS CREDITS Other Accounts
R.
M.
G. Merchandise for Cash
Loyola
Sold
B. Bandonell
Cerda
Sevidal
205,800
430,000
235,200
127,400
280,000
Sale Discounts
4,200
4,800
2,600
Accounts
210,000
240,000
130,000
280,000
Receivable Sales
430,000 Account title
Morayta
Sold Bank
Merchandise 170,000
for 2,758,400
1,310,000
1,018,400 1,310,000 Notes Payable
110 11,600
430 860,000
120 1,740,000
GENERAL
Cash LEDGER
R. Loyola Accounts Receivable
Subsidiary ledger
1/18 S16 210,000 CR 35 1/4
B.
1/2Bandonell
1/23 S16 240,000
110,000 CR 35 1/10
M.
1/13
1/29Cerda
S16 130,000
170,000 CR35 1/22
G. Sevidal
1/8 S16 280,000 CR35 1/25
 PURCHASESCREDITS
JOURNAL DEBIT
Date03-Jan
2021
11 R.R. No. Account
T.
L. Arenas
VIray credited
Company
Company PR Accounts
90,000Payable
120,000 Purchases
90,000 Office suppStore supplies
120,000
17
25
28
30 E.
A. Samonte
Braganza
L. Viray
T. Arenas Company
Company
Company
Company 190,000
340,000
270,000
360,000 190,000
340,000
270,000
360,000
1,370,000
220 1,370,000
510
GENERAL
Accounts Payable 220LEDGER T. Arenas Company Accounts Payable
Subsidiary Ledger
E.
Purchases 1,370,000
1/30 P25 1,370,000510
P25 1/30
L. Viray
90,000
360,000
Company
P25 1/3
1/30
120,000 P25 1/11
270,000 1/28 A. Samonte Company
Braganza190,000
Company
340,000
P25 1/17
P25 1/25

PG. 35
PR Amount Date07-Jan Ck No. 84 CREDITS Purchase Discount
DescriptionCash
2021
11
12 83
85 126,100
77,600
70,000 3,900
2,400
170,000 14
15
19
21 86
87
88
89 10,000
80,000
100,000
40,000
170,000 22
26 90
91 20,000
90,000
613,700 6,300
110 530
GENERAL
Cash
1/30 LEDGER 110
CR35 1,018,400
Sales
1/30 Discount
CR35 430
11,600
Accounts
1/30 S16 Receivable
860,000120
CR35 1/30
Notes Payable
170,000210
CR35 1/27
 OTHER ACCOUNTS PG. 25
Store supplies Account title PR Amount

190,000 P25 1/17

340,000 P25 1/25

CASH PAYMENT JOURNAL PG. 43

Purchase Discount DEBITS
Accounts Payable Purchases Other
AccountAccounts
title PR Amount
130,000
80,000
10,000 70,000 Salaries
Office expense
Withdrawal,
suppliesPangan 80,000
100,000
40,000
90,000
300,000 70,000 Freight In 20,000
240,000
220 510 610/320/150/540
Accounts Receivable
S16 Subsidiary
R. Loyola
1/18 210,000 CRledger
35 1/4
B. Bandonell
1/2
1/23 S16 110,000
240,000 CR 35 1/10
M. Cerda
1/13
1/29 S16 130,000
170,000 CR35 1/22
G.
1/8Sevidal
S16 280,000 CR35 1/25
DATE
Jan.9 Accounts Accounts
Payable
Purchases - T.Title
Return and- and
Arenas Explanation
Company
Allowances 220
520 P.R DEBIT
10,000 CREDIT
10,000
Jan.
Jan. 24
31 Sales
Rent Return
Accounts
Expense and Allowances
Receivable G. Sevidal 420
120
620 30,000
30,000 30,000
Prepaid
Office
Office Expense
Supplies Expense
Supplies 140
630
150 130,000 30,000
130,000
Depreciation
Salaries Expense
Accumulated
Expense Depreciation 640
165
610 10,000
90,000 10,000
IncomeSalaries
Merchandise
SummaryPayable
Inventory, Ending 230
130
330 90,000
470,000 730,000
260,000
IncomeMerchandise
Summary
Merchandise Inventory,
Inventory, Beginning
Beginning 130
330
130 2,581,600 730,000
Sales Return
Discounts
Purchases
Transportation andInAllowances 420
430
510
540 30,000
11,600
1,440,000
20,000
Salaries
Rent
Office Expense
Expense
Supplies
Depreciation Expense 610
620
630
640 170,000
30,000
130,000
10,000
Sales Interest
Merchandise Expense
Inventory, End 650
130
410 470,000
3,160,000
Purchase
IncomeReturn
Discountsand Allowances
Summary 520
530
330 10,000
6,300 3,646,300
Income
Pangan,Summary
Pangan,
Capital Capital 330
310
310 1,064,700 1,064,700
100,000 100,000
Pangan, Withdrawals 320
 Ricardo
ForIncome
The Pangan
Statement
month ended January
Net Sales Gross
Less: Sales
Sales
SalesReturn and Allowances
Discounts 30,000 3,160,000
11,600 41,600
Net
Cost of Sales Sales
Merchandise Inventory 730,000 3,118,400
Purchases
Less:
Net Purchase
Purchase
Purchases Return and
Discounts Allowances 10,000
6,300 1,440,000
16,300
1,423,700
Transportation
Net
Less:Cost
Goods Available
MerchandiseIn
of Purchases
forInventory
Sale 20,000 1,443,700
2,173,700
470,000 1,703,700
Gross Cost
Profit
Operating Expenseof Sales 1,414,700
Salaries
Rent
Office Expense
Expense
Supplies
Depreciation Expense
Expense 170,000
30,000
130,000
10,000
Total
Profit Operating
Operating Profit
Less: Finance CostExpense 340,000
1,074,700
10,000
1,064,700
 Ricardo
Changes
ForEquity
the inPangan
month Owner's Equity
ended January
Ricardo
Add:
Total
Less: Pangan Owner's
Profit
Withdrawal 1/1/20 1,650,000
1,029,067
2,679,067
100,000
Ricardo Pangan Owner's Equity 1/1/21 2,579,067
Ricardo
Balance
For the month Pangan
Sheet
of January
Asset
Cash
Accounts
Less: Receivable
Allowance for uncollectable accounts 2,343,200
740,000
-37,000
Merchandise Inventory
Prepaid
Office
Total Rent
Supplies
Current Assets 470,000 60,000
70,000
Property
Office
Less: andand
EquipmentEquipment
Accumulated
Property Depreciation
Equipment 1,080,000
-256,800
Total Assets
Liabilities
Current Liabilities
Accounts
Notes
Salaries
Interest Payable
Payable
Payable 1,190,000
610,000
90,000
333
Total
Owner's
Pangan
Total Liabilities
Equity and
Company
Liabilities Capital
Owner's Equity
3,646,200
823,200
4,469,400
1,890,333
2,579,067
4,469,400
 For Ricardo
the Month Pangan
Worksheet
Ended Jan
Accounts
Cash
Accounts Title
Receivable Debit TrialCredit
240,000
210,000 Balance Adjustments
Debit
2,103,200
530,000 Credit
Allowance
Merchandise
Prepaid
Office forInventory
Rent
Supplies uncollectable Accounts 730,000
90,000 250,000
160,000 40,000 37,000
30,000
130,000
Notes Equipment
Accumulated
Payable
AccountsPayable Depreciation
Payable 1,000,000 400,000
130,000 80,000
4,000 1,060,000
10,800
210,000
Salaries
Interest
Pangan, Capital
Withdrawals 1,650,000 100,000 90,000
333
Income
Sales Summary
Return
Discountsand and
Allowances 30,000
11,600 3,160,000
Purchases
Purchase Return
Discounts
Transportation In Allowances 1,440,000
20,000 10,000
6,300
Uncollectable
Gain on
Salaries
Rent sales
Expense
Expense Accounts Expense 37,000
170,000
30,000 2,700
Office Supplies
Depreciation
Interest Expense
Total Expense
Expense 2,430,000 2,430,000 130,000
11,000
10,333 4,747,133
4,747,133
Profit
 Ricardo
For the Month Pangan
Worksheet
Ended January
Adjusted
Debit Trial
2,343,000
740,000 Balance
Credit Income Credit
Debit Statement Balance
Debit
2,343,000
740,000 Sheet
Credit
730,000 37,000
60,000 256,800
70,000 730,000 470,000 470,000 37,000
60,000 256,800
70,000
1,080,000 610,000
1,190,000 1,080,000 610,000
1,190,000
100,000 90,000
333
1,650,000 90,000
333
100,000 1,650,000
11,600 3,160,000
30,000
1,440,000 10,000
6,300 11,600 3,160,000
30,000
1,440,000 10,000
6,300
20,000
37,000
170,000 2,700 20,000
37,000
170,000 2,700
30,000
130,000
11,000
10,333 7,013,133 30,000
130,000
11,000
10,333
7,013,133 2,619,933
1,029,067 3,649,000
3,649,000 3,649,000 4,863,200 3,834,133
4,863,200 1,029,067
4,863,200
 For the Ricardoended
Post-Closing
month Pangan
Trial Balance
January
Debit Credit
Cash
Accounts Receivable
Merchandise
Prepaid Rent Inventory 2,343,200
740,000
470,000
60,000
Office Supplies
Equipment
Accumulated
Allowance forDepreciation
Uncollectable accounts 70,000 256,800
1,080,000 37,000
Notes Payable
Salaries Payable
AccountsCapital
Pangan, Payable 610,000
90,000
1,190,000
2,605,900
4,763,200 4,763,200