Working Paper -

-
Beginning Balances Sales Journal
Debit Credit Debit
111 Petty Cash 10,000
112 Cash in Bank 157,760
113 Accounts Receivables 284,800 1,235,300
114 Merchandise Inventory 78,000
115 Office Supplies 3,485
116 Prepaid Rent 100,000
121 Office Equipments 180,000
131 Accumulated Depreciation - Office Equipments 120,000
122 Delivery Equipment 840,000
132 Accumulated Depreciation - Delivery Equipments 336,000
201 Accounts Payable 160,000
209 Salaries Payable
212 SSS, Philhealth and HDMF Payables 10,000
213 Withholding Taxes Payble 2,500
214 Interest Payable
221 Notes Payable 400,000
311 Hagoromo, Capital 625,545
312 Hagoromo, Drawing
321 Income Summary
411 Sales
421 Sales Returns and Allowances
422 Sales Discounts
511 Purchases
520 Freight In
521 Purchase Returns and Allowances
522 Purchase Discounts
610 Freight out
611 Salaries Expense
612 Office Supplies Expense
614 Rent Expense
615 Utilities Expenses
616 SSS, Philhealth, and HDMF Expenses
617 Miscellaneous Expenses
620 Interest Expense - - -
Total 1,654,045 1,654,045 1,235,300
Net income
 - - - -

Sales Journal Cash Receipt Journal Purchase Journal Cash Disbursement

Credit Debit Credit Debit Credit Debit Credit

450,680 208,840
450,730

10,500

451,400 7,700

- -
- -

1,235,300 -

50
451,400

150

39,950

76,400

74,440
- - - - - - -
1,235,300 450,730 450,730 451,400 451,400 208,990 208,990
 - - -

General Journal Unadjusted TB Adjustments Adjusted TB

Debit Credit Debit Credit Debit Credit Debit
10,000 10,000
350,000 3,270 746,330 746,330
750,000 79,650 1,739,720 1,739,720
2,500 75,500 75,500
13,985 11,485 2,500
100,000 9,000 91,000
180,000 180,000
120,000 -
840,000 840,000
336,000 -
41,250 13,810 576,260 -
-
10,000 6,850 - 6,850
2,500 -
- -
400,000 -
1,100,000 1,725,545 -
- -
- -
1,235,300 -
79,650 79,650 79,650
50 50
451,400 451,400
6,110 6,110 6,110
38,750 38,750 -
150 -
10,970 10,970 10,970
39,950 39,950
- 11,485 11,485
- 9,000 9,000
76,400 76,400
- 6,850 6,850
74,440 74,440
- - - - - - -
1,237,980 1,237,980 4,444,505 4,444,505 27,335 27,335 4,444,505

- - 6,850
 10,000

21,000
6,850

21,000
10,000

6,850

- -
 6,850 542,604 - 542,604 - 563,702

Adjusted TB Income Statement Balance sheet Closing Entries Post-Closing TB

Credit Debit Credit Debit Credit Debit Credit Debit
10,000 10,000
746,330 746,330
1,739,720 1,739,720
75,500 110,209 110,209 110,209 75,500 110,209
2,500 2,500
91,000 91,000
180,000 180,000
120,000 120,000
- 840,000 840,000
336,000 336,000
576,260 576,260
-
16,850 16,850
2,500 2,500
-
400,000 400,000
1,725,545 1,725,545 21,098
-
- 1,308,909 1,308,909
1,235,300 1,235,300 1,235,300
- 79,650 79,650
- 50 50
- 451,400 451,400
- 6,110 6,110
38,750 38,750 38,750
150 150 150
10,970 10,970
39,950 39,950
11,485 11,485
9,000 9,000
76,400 76,400
6,850 6,850
74,440 74,440
- - - - - - - -
4,451,355 841,805 1,384,409 3,719,759 3,177,155 2,714,416 2,150,714 3,719,759
- 542,604 542,604 -
841,805 841,805 3,177,155 3,177,155 563,702 2,268,149
 - 2,268,149

Post-Closing TB
Credit

120,000

336,000
576,260

16,850
2,500

400,000
1,704,447

-
1,451,610
BSAIS 4J -
Sales Journal
January 2009
Accounts
Date Sold to SI # Terms Receivable Sales
(debit) (credit)
june 1 ABC RED 004357 5,000 5,000
june 9 LAHAM management 004358 510,000 510,000
june 10 Chuzon Inc 004359 720,300 720,300

Total 1,235,300 1,235,300

BSAIS 4J -
Cash Receipts Journal
January, 2009

Cash in Sales
Date SI # OR # Received from Particular Bank Discount
(debit) (debit)
4-Jun JKL Pink Full payment 1,500.00
8-Jun ABC RED Full payment 4,950.00 50.00
15-Jun Sampaguita Inc. Full payment 8,400.00
18-Jun Chuzon Inc. Partial payment 432,180.00
22-Jun Wilma's company Full payment 3,650.00

Total 450,680 50
Accounts
Receivable Sales
(credit) (credit)
1,500.00
5,000.00
8,400.00
432,180.00
3,650.00

450,730 -
BSAIS 4J -
Purchses Journal
January, 2009

Accounts
Date Purchase Form SI # Purchases Payable
(debit) (credit)
5-Jun Furniture and fixtures 003457 85,400 85,400
6-Jun DEF GREEN 003458 10,000 10,000
6-Jun Sampaguita Inc. 003459 8,000 8,000
7-Jun ABC Inc. 003460 95,000 95,000
11-Jun Wilma's company 003461 3,000 3,000
16-Jun Nosi Management 003462 250,000 250,000

Total 451,400 451,400

BSAIS 4J -
Cash Disbursement Journal
January, 2009

Accounts Office
Date Voucher Check Paid to: Particulars Cash Payable Suppies
Number Number (credit) (debit) (debit)
3-Jun .020975 0178937 Merchandise Inventory 200 200
12-Jun .020976 0178938 Utilities Expense 300
13-Jun .020977 0178939 DEF Green 7,350 7,500
19-Jun .020978 0178940 Expenses 39,950
19-Jun .020979 0178941 Expenses 76,100
19-Jun .020980 0178942 Expenses 74,440
23-Jun .020981 0178943 Office Supplies 10,500 10,500
Total 208,840 7,700 10,500
 SSS, PIC, SSS, PIC, With/Tax With/Tax Y. Avuda Purchase Salaries Gasoline UtilitiesMiscellaneous
HDMF Payable
HDMF PayablePayable Payable Drawing Discount Expense Expense Expense Expense
(debit) (credit) (debit) (credit) (debit) (credit) (debit) (debit) (debit) (debit)

300
150
39,950
76,100
74,440
- - - - - 150 39,950 - 76,400 74,440
Miscellaneous
BSAIS 4J -
General Journal

Date Particular F Debit Credit

1-Jun Accounts Payable 211 2,500.00

Merchandise Inventory 114 2,500.00

1-Jun Accounts Receivable 113 750,000.00

Hagoromo Capital 311 750,000.00

2-Jun Cash 111 350,000.00

Hagoromo capital 311 350,000.00

6-Jun Freight in 520 400.00

Accounts Payable 211 400.00

7-Jun Freight-in 520 2,550.00

Accounts payable 211 2,550.00

11-Jun Sales Return and Allowances 421 79,650.00

Accounts Receivable 211 79,650.00

12-Jun Freight-in 520 460.00

Accounts payable 211 460.00

14-Jun Accounts payable 211 38,000

Purchase Return and Allowances 521 38,000

16-Jun Freight out 610 10,400

Accounts payable 211 10,400

16-Jun Freight-in 520 250

Cash 111 250

19-Jun Accounts payable 211 750

Purchase Return and Allowances 521 750

25-Jun Freight out 610 570

Cash 111 570

Jun-31 Freight in 520 2,450

Cash 111 2,450
Merchandise Inv. End 110,209
Merchandise Inv. Beg 75,500
Income Summary 34,709

Sales 1,235,300
Purchases returns and allowances 38,750
Purchase discounts 150
Income Summary 1,274,200
to close nominal accounts

Income summary 766,305

Sales returns and allowances 79,650
Sales discounts 50
Purchases 451,400
Freight in 6,110
Freight out 10,970
Salaries expense 39,950
office supplies expense 11,485
Rent expense 9,000
Utilities expense 76,400
SSS, Philhealth and HDMF expenses 6,850
Miscellaneous expenses 74,440
to close nominal accounts

Income summary 542,604

Hagoromo, Drawings 542,604
to close income summary account

Hagoromo, Capital 21,098

Hagoromo, Drawings 210,098
to close income summary account
 debit credit

2,500.00
38,000
Accounts payable 750 merchandise inv.
41,250.00
capital
accounts receivable 750,000.00

cash 350,000.00 ap

freight in 400.00
2,550.00
460.00
250
2,450 ar
6,110.00
purchases

sales returns 79,650.00

cash
freight out 10,400
570
10,970

1,237,980

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 766,305 34,709
542,604 1,274,200

1,308,909 1,308,909

1,308,909 1,308,909

1,308,909 1,308,909
 2,500.00

750,000.00
350,000.00
1,100,000.00

400.00
2,550.00
460.00
10,400
13,810.00

79,650.00

38,000
750
38,750

250
570
2,450
3,270

1,237,980
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