EXERCISE 2

GENERAL JOURNAL

DATE PARTICULARS DEBIT

JAN. 6 Accounts Payable 4,000
Purchase Return
Returned merchandise purchased on account

PURCHASES JOURNAL
2021 SUPPLIERS TERMS CHARGE SALES
INVOICE NO.
JAN. 2 M. Solis Trading 2/10, n/30 0752
G. Goyha Enterprises 15 days 0433
Marcy Mascarinas Trading 5 days 0358
TOTAL

SALES JOURNAL
2021 CUSTOMERS TERMS CHARGE SALES
INVOICE NO.
JAN. 5 H. Lacson Trading 5 days 0851
G. Carnalna Grocery 2/10, n/30 0852
Ben Cabrera Enterprises 15 days 0853
TOTAL

CASH RECEIPTS JOURNAL

2021 CUSTOMERS/PAYOR CASH SALES CASH IN
INV./O.R. BANK
Dr.
JAN. 14 H. Lacson Trading 0057 20,000
 JAN. 26 T. Ong Corporation 00531 30,000
L. Cacho Trading 00532 50,000
JAN. 27 Ben Cabrera Enterprises 0058 15,000
TOTAL 115,000

CASH DISBURSEMENT JOURNAL

DATE CHECK VOUCHER CHECK CASH IN
PAYEE PURCHASES
2021 NO. NO. BANK
Cr. Dr.
Jan. 12 M. Solis Trading 01 36578 25,480
Jan. 20 R. Ibanez Co. 02 36579 25,000 25,000
A. Yao Trading 3 36580 30,000 30,000
TOTAL 25,480 55,000

GENERAL LEDGER

ACCOUNTS RECEIVABLE ACCOUNTS PAYABLE

5-Jan 20,000 20,000 14-Jan 6-Jan 4,000
10,000 15,000 27-Jan 12-Jan 26,000
15,000

31-Jan 10,000

SUBSIDIARY LEDGER

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

BALANCE
DATE ITEM REF DEBIT CREDIT CREDIT
2-Jan Purchase Journal PJ01 30,000 30,000
Purchase Journal PJ02 50,000 80,000
Purchase Journal PJ03 40,000 120,000
6-Jan General Journal GJ01 4,000 116,000
12-Jan Cash Disbursement Journal CDJ01 26,000 90,000

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

BALANCE
 DATE ITEM REF DEBIT CREDIT DEBIT
5-Jan Sales Journal SJ01 20,000 20,000
Sales Journal SJ02 10,000 30,000
Sales Journal SJ03 15,000 45,000
14-Jan Cash Receipts Journal CRJ01 20,000 25,000
27-Jan Cash Receipts Journal CRJ04 15,000 10,000

SCHEDULE

Company Name
Schedule of AR
31-Jan-21

H. Lacson Trading 0
G. Carnalna Grocery 10,000
Ben Cabrera Enterprises 0
10,000

Company Name
Schedule of AP
31-Jan-21

M. Solis Trading 0
G. Goyha Enterprises 50,000
Marcy Mascarinas Trading 40,000
90,000
CREDIT

4,000

ACCOUNTS PAYABLE PURCHASES

CR. DR.
30,000 30,000
50,000 50,000
40,000 40,000
120,000 120,000

ACCOUNTS RECEIVABLE SALES

DR. CR.
20,000 20,000
10,000 10,000
15,000 15,000
45,000 45,000

ACCOUNTS SALES
SALES
RECEIVABLE DISCOUNT
Cr. Cr. Dr.
20,000 -
 30,000
50,000
15,000
80,000 35,000

ACCOUNTS
PURCHASES SUNDRIES ACCOUNTS
PAYABLE
Dr. Dr. Dr. Cr.
26,000 Purchase Discount 520
25,000
30,000
55,000 26,000 520

ACCOUNTS PAYABLE
30,000 2-Jan
50,000
40,000

90,000 31-Jan