Toy O.

Company
Date Account Titles PR Debit
1 September 1 Purchases Account 100 2
2 Accounts Payable 200
3 Purchase Merchandise from Toy World on account
4
5 2 Accounts Receivable 101 2
6 Sales 400
7 To recognize sales from Play Place on credit
8
9 3 Cash 102 5
10 Toy O., Capital 300
11 Additional Investment of the Owner
12
13 4 Prepaid Rent 103 1
14 Cash 102
15 Rental payments for five months
16
17 5 Accounts Receivable 101
18 Returns and Allowances Account 401
19 Defective Merchandise returned to Toy World
20
21 8 Purchases Account 100 4
22 Accounts Payable 200
23 Purchased Merchandise from Toy Kingdom on account
24
25 9 Accounts Receivable 5
26 Sales 101
27 To recognize sales from Play Ground on credit 400
28
29 10 Cash 102 1
30 Sales 400
31 Collectionof cash sales
32
33 10 Cash 102
34 Accounts Receivable 100
35 To record collection from Toy World
36
37 12 Merchandise Inventory 104 1
38 Cost of Goods Sold 500
39 Returned Goods received from Play Ground
40
41 15 Purchases Account 100 6
42 Accounts Payable 200
43 Purchased Merchandise from Toy Land on account
44
45 16 Accounts Receivable 7
46 Sales
47 To recognize sales from Fun World on credit
48
49 17 Cash 102 5
50 Accounts Receivable 101 7
51 Sales 400
52 Receive partial payment and on account for sales revenue
53
54 18 Utilities Expense 501 1
55 Cash 102
56 To record payment of Meralco,Maynilad, and PLDT monthly bills
57
58 19 Office Equipment 105 2
59 Toy O., Capital 300
60 Additional Investment of the owner from equipment
61
62 23 Purchases Account 100 2
63 Accounts Payable 200
64 Purchased Merchandise from Joy Toys on account
65
66 25 Accounts Receivable 101 3
67 Sales 400
68 To recognize sales from Play Thing on credit
69
70 26 Salaries Expense 502 4
71 Cash 102
72 Payment of Salaries
73
74 29 Cash 102 7
75 Accounts Receivable 101
76 To record collection from Play Ground and Fun World
77
78 30 Office Equipment 105 3
79 Accounts Payable 200
80 Purchase of Office Equipment on account
Debit Credit
0 0 0 0
2 0 0 0 0

5 0 0 0
2 5 0 0 0

0 0 0 0
5 0 0 0 0

5 0 0 0
1 5 0 0 0

2 0 0 0
2 0 0 0

0 0 0 0
4 0 0 0 0

0 0 0 0 0
5 0 0 0 0

5 0 0 0
1 5 0 0 0

2 0 0 0
2 0 0 0

0 0 0 0
1 0 0 0 0
0 0 0 0
6 0 0 0 0

5 0 0 0
7 5 0 0 0

0 0 0 0
5 0 0 0
1 2 5 0 0 0

0 0 0 0
1 0 0 0 0

5 0 0 0
2 5 0 0 0

0 0 0 0
2 0 0 0 0

0 0 0 0
3 0 0 0 0

0 0 0 0
4 0 0 0 0

5 0 0 0
7 5 0 0 0

0 0 0 0
3 0 0 0 0
Toy O. Company
Account Name Purchase Account
Date Explanation REF Debi
September 1 Purchase Merchandise from Toy World on account PJ
8 Purchased Merchandise from Toy Kingdom on account PJ
15 Purchased Merchandise from Toy Land on account PJ
23 Purchased Merchandise from Joy Toys on account PJ

Account Name Accounts Receivable

Date Explanation REF Debi
September 2 To recognize sales from Play Place on credit SJ
5 Defective Merchandise returned to Toy World CRJ
9 To recognize sales from Play Ground on credit SJ
10 To record collection from Toy World CRJ
16 To recognize sales from Fun World on credit SJ
17 Receive partial payment and on account for sales revenue CRJ
25 To recognize sales from Play Thing on credit SJ
29 To record collection from Play Ground and Fun World CRJ

Account Name Cash

Date Explanation REF Debi
September 3 Additional Investment of the Owner GJ
4 Rental payments for five months CDJ
10 Collectionof cash sales CRJ
10 To record collection from Toy World CRJ
17 Receive partial payment and on account for sales revenue CDJ
18 To record payment of Meralco,Maynilad, and PLDT monthly bills CDJ
26 Payment of Salaries CDJ
29 To record collection from Play Ground and Fun World CRJ

Account Name Prepaid Rent

Date Explanation REF Debi
September 4 Rental payments for five months CDJ

Account Name Merchandise Inventory

Date Explanation REF Debi
September 12 Returned Goods received from Play Ground CDJ

Account Name Office Equipment

Date Explanation REF Debi
September 19 Additional Investment of the owner from equipment GJ
30 Purchase of Office Equipment on account PJ

Account Name Accounts Payable

Date Explanation REF Debi
1 Purchase Merchandise from Toy World on account PJ
8 Purchased Merchandise from Toy Kingdom on account PJ
15 Purchased Merchandise from Toy Land on account PJ
23 Purchased Merchandise from Joy Toys on account PJ
30 Purchase of Office Equipment on account PJ

Account Name Toy O., Capital

Date Explanation REF Debi
September 3 Additional Investment of the Owner GJ
19 Additional Investment of the owner from equipment GJ

Account Name Sales

Date Explanation REF Debi
September 2 To recognize sales from Play Place on credit SJ
9 To recognize sales from Play Ground on credit SJ
10 Collectionof cash sales CRJ
16 To recognize sales from Fun World on credit SJ
17 Receive partial payment and on account for sales revenue CRJ
25 To recognize sales from Play Thing on credit SJ

Account Name Return and Allowance Account

Date Explanation REF Debi
September 5 Defective Merchandise returned to Toy World CRJ

Account Name Cost of Goods Sold

Date Explanation REF Debi
September 12 Returned Goods received from Play Ground CDJ

Account Name Utilities Expense

Date Explanation REF Debi
September 18 To record payment of Meralco,Maynilad, and PLDT monthly bills CDJ

Account Name Salaries Expense

Date Explanation REF Debi
September 26 Payment of Salaries CDJ
 Account Code -PR 100
Debit Credit Balances
2 0 0 0 0 2 0 0 0 0
4 0 0 0 0 6 0 0 0 0
6 0 0 0 0 1 2 0 0 0 0
2 0 0 0 0 1 4 0 0 0 0

Account Code -PR 101

Debit Credit Balances
2 5 0 0 0 2 5 0 0 0
2 0 0 0 2 7 0 0 0
5 0 0 0 0 7 7 0 0 0
2 0 0 0 7 5 0 0 0
7 5 0 0 0 1 5 0 0 0 0
7 5 0 0 0 2 2 5 0 0 0
3 0 0 0 0 2 5 5 0 0 0
7 5 0 0 0 1 8 0 0 0 0

Account Code -PR 102

Debit Credit Balances
5 0 0 0 0 5 0 0 0 0
1 5 0 0 0 3 5 0 0 0
1 5 0 0 0 5 0 0 0 0
2 0 0 0 5 2 0 0 0
5 0 0 0 0 1 0 2 0 0 0
1 0 0 0 0 9 2 0 0 0
4 0 0 0 8 8 0 0 0
7 5 0 0 0 1 6 3 0 0 0

Account Code -PR 103

Debit Credit Balances
1 5 0 0 0 1 5 0 0 0

Account Code -PR 104

Debit Credit Balances
1 0 0 0 0 1 0 0 0 0

Account Code -PR 105

Debit Credit Balances
2 5 0 0 0 2 5 0 0 0
3 0 0 0 0 5 5 0 0 0

Account Code -PR 200

Debit Credit Balances
2 0 0 0 0 2 0 0 0 0
4 0 0 0 0 6 0 0 0 0
6 0 0 0 0 1 2 0 0 0 0
2 0 0 0 0 1 4 0 0 0 0
3 0 0 0 0 1 7 0 0 0 0

Account Code -PR 300

Debit Credit Balances
5 0 0 0 0 5 0 0 0 0
2 5 0 0 0 7 5 0 0 0

Account Code -PR 400

Debit Credit Balances
2 5 0 0 0 2 5 0 0 0
5 0 0 0 0 7 5 0 0 0
1 5 0 0 0 9 0 0 0 0
7 5 0 0 0 1 6 5 0 0 0
1 2 5 0 0 0 2 9 0 0 0 0
3 0 0 0 0 3 2 0 0 0 0

Account Code -PR 401

Debit Credit Balances
2 0 0 0 2 0 0 0

Account Code -PR 500

Debit Credit Balances
1 0 0 0 0 1 0 0 0 0

Account Code -PR 501

Debit Credit Balances
1 0 0 0 0 1 0 0 0 0

Account Code -PR 502

Debit Credit Balances
4 0 0 0 0 4 0 0 0 0
Toy O. Company - CASH RECEIPTS JOU
Date Received from OR No. Cash
September DR
3 Toy O., Capital 5 0 0 0 0
5 Customer A
10 Customer B 1 5 0 0 0
10 Customer C 2 0 0 0
17 Customer D 5 0 0 0 0
19 Toy O., Capital
29 Customer E 7 5 0 0 0
TOTAL 1 9 2 0 0 0
IPTS JOURNAL
sh Sales Discount Accounts Receivables S
R DR DR CR

2 0 0 0

2 0 0 0
7 5 0 0 0

7 5 0 0 0
7 7 0 0 0 7 7 0 0 0
 Sales Output Tax Sundry Accounts F
CR CR

2 0 0 0
1 5 0 0 0

1 2 5 0 0 0

1 4 2 0 0 0
F Debit Credit

5 0 0 0 0

2 5 0 0 0 2 5 0 0 0

2 5 0 0 0 7 5 0 0 0
Toy O. Company - CASH DISBURSEME
Date Paid to Check no. Cash
September CR
1 4 Rental Agency 1 5 0
2 12 Play Ground
3 18 Meralco,Maynilad, PLDT 1 0 0
4 26 Toy O. Company 4 0 0
5 TOTAL 6 5 0
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
URSEMENTS JOURNAL
Cash Purchase Discount Accounting Payable
CR CR DR CR
0 0

0 0
0 0
0 0
Purchases Input Tax Sundry Accounts
DR DR
counts F Debit Credit

1 5 0 0 0
1 0 0 0 0 1 0 0 0 0
1 0 0 0 0
4 0 0 0 0
7 5 0 0 0 1 0 0 0 0
t
Toy O. Company - PURCHASE JOURNA
Purchase from: INV NO. Credit Term
Date
1 September
2 1 Toy World 5/ 10, n /
3 8 Toy Kingdom 5/ 10, n /
4 15 Toy Land 5/ 10, n /
5 23 Joy Toys 5/ 10, n /
6 30 Supplier A 5/ 10, n /
7 TOTAL
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
JOURNAL
edit Term AMOUNT

30 2 0 0 0 0
30 4 0 0 0 0
30 6 0 0 0 0
30 2 0 0 0 0
30 3 0 0 0 0
1 7 0 0 0 0
Toy O. Company - Sales/Revenue JOU
SOLD TO INV NO. Credit Term
Date
1 September
2 2 Customer A 3/ 10, n /
3 9 Customer B 3/ 10, n /
4 16 Customer C 3/ 10, n /
5 25 Customer D 3/ 10, n /
6 TOTAL
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
nue JOURNAL
edit Term AMOUNT

30 2 5 0 0 0
30 5 0 0 0 0
30 7 5 0 0 0
30 3 0 0 0 0
1 7 0 0 0 0
 Toy O. Comp
Balance She
As of August 1,

PR
Current Asset
Purchases Account 100 1 4 0
Accounts Receivable 101 7 7
Cash 102 1 1 2
Prepaid Rent 103 1 5
Total Current Assets
Non-current Asset
Office Equipment 105
Total Assets

LIABIL
Current Liabilities
Accounts Payable
Total Liabilities
Toy O., Capital
Total Owner's Equity
Liabilities and Owner's Equity
 Toy O. Company
Balance Sheet
As of August 1, 2020
ASSETS

0 0 0
0 0 0
0 0 0
0 0 0
1 9 0 0 0

5 5 0 0
2 4 5 0 0

LIABILITIES AND OWNERS EQUITY

1 7 0 0 0

7 5 0 0
2 4 5 0 0
0

0
0

0
0
 T-ACCOUNT
Purchases Account
Debit
2 0 0 0 0
4 0 0 0 0
6 0 0 0 0
2 0 0 0 0
1 4 0 0 0 0

Accounts Receivable
Debit

Cash
Debit
5 0 0 0 0

2 0 0 0
7 5 0 0 0
1 1 2 0 0 0

Prepaid Rent
Debit
1 5 0 0 0

Office Equipment
Debit
2 5 0 0 0
3 0 0 0 0
5 5 0 0 0

Accounts Payable
Debit

1
Toy O., Capital
Debit
UNT
Credit

Credit
7 5 0 0 0
2 0 0 0
7 7 0 0 0

Credit

1 5 0 0 0

Credit

Credit
 Credit

2 0 0 0 0
4 0 0 0 0
6 0 0 0 0
2 0 0 0 0
3 0 0 0 0
7 0 0 0 0

Credit
2 5 0 0 0
5 0 0 0 0
7 5 0 0 0
 For the

PR
Revenue
Sales 400
Returns and allowances account 401
Less: Unearned Sales Revenue 402
Gross Profit
Less: Operating Expenses
Cost of Goods Sold 500
Utilities Expense 501
Salaries Expense 502
Merchandise Inventory 104
Net Income
 Toy O. Company
Income Statement
For the month ended August 1, 2020

3 2 0
2
2 5 7
6 5

1 0 0 0 0
1 0 0 0 0
4 0 0 0 0
1 0 0 0 0 5 0
1 5
0 0 0
0 0 0
0 0 0
0 0 0

0 0 0
0 0 0
 T-ACCOU
Sales
Debit

Returns and allowances acc

Debit

Unearned Revenue
Debit
2 5 0 0 0
2 0 0 0
5 0 0 0 0
7 5 0 0 0
7 5 0 0 0
3 0 0 0 0
2 5 7 0 0 0
Merchandise Inventory
Debit
1 0 0 0 0

Cost of Goods Sold

Debit

Utilities Expense
Debit
1 0 0 0 0

Salaries Expense
Debit
4 0 0 0 0

Cash
Debit
1 5 0 0 0
5 0 0 0 0

1 5 0 0 0
CCOUNT
Sales
Credit
2 5 0 0 0
5 0 0 0 0

1 5 0 0 0
7 5 0 0 0
1 2 5 0 0 0
3 0 0 0 0
3 2 0 0 0 0
urns and allowances account
Credit
2 0 0 0

Unearned Revenue
Credit

Merchandise Inventory
Credit

Cost of Goods Sold

Credit
1 0 0 0 0

Utilities Expense
Credit
Salaries Expense
Credit

Cash
Credit

1 0 0 0 0
4 0 0 0 0