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  • Book1balance Te

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    Daireen Coronacion
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    The document lists a series of adjusted entries made between May 5-31 including purchases of furniture, freight charges, sales, returns, discounts and payments to and from accounts. On May 5, furniture was purchased on account for 134,400 and freight was paid. Throughout May, payments were made to and from accounts payable and receivable, sales and returns were recorded, and discounts and freight charges applied. By May 31, the total debits and credits equaled 638,120.

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    The document lists a series of adjusted entries made between May 5-31 including purchases of furniture, freight charges, sales, returns, discounts and payments to and from accounts. On May 5, furniture was purchased on account for 134,400 and freight was paid. Throughout May, payments were made to and from accounts payable and receivable, sales and returns were recorded, and discounts and freight charges applied. By May 31, the total debits and credits equaled 638,120.

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    2 views2 pages

    Book1balance Te

    Uploaded by

    Daireen Coronacion
    The document lists a series of adjusted entries made between May 5-31 including purchases of furniture, freight charges, sales, returns, discounts and payments to and from accounts. On May 5, furniture was purchased on account for 134,400 and freight was paid. Throughout May, payments were made to and from accounts payable and receivable, sales and returns were recorded, and discounts and freight charges applied. By May 31, the total debits and credits equaled 638,120.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    ADJUSTED ENTRY

    xxxx Particulators F Debit


    5-May Purchased Furniture ₱ 134,400.00
    Accounts Payable
    Freight-In ₱ 6,160.00
    Cash On Hand
    10-May Accounts Payable ₱ 67,200.00
    Cash On Hand
    14-May Accounts Receivable ₱ 69,440.00
    Sales
    15-May Accounts Payable ₱ 67,200.00
    PurchasedDiscount
    Cash On Hand
    16-May Freight-Out ₱ 1,680.00
    Cash On Hand
    17-May Sales Return & Allowances ₱ 2,632.00
    Account Receivable
    24-May Cash on hand ₱ 65,471.84
    Sales Discount ₱ 1,336.16
    Account Receivable
    25-May Purchase Furniture ₱ 101,360.00
    Freight-In ₱ 5,600.00
    Cash
    Account Payable
    29-May Account Receivable ₱ 39,400.00
    Cash on hand ₱ 25,000.00
    Sales
    Freight-Out ₱ 560.00
    Cash On Hand
    31-May Account Payable ₱ 50,680.00
    Cash On Hand
    Purchase Discount

    Total ₱ 638,120.00
    Credit

    ₱ 134,400.00

    ₱ 6,160.00

    ₱ 67,200.00

    ₱ 69,440.00

    ₱ 2,688.00
    ₱ 64,512.00

    ₱ 1,680.00

    ₱ 2,632.00

    ₱ 66,808.00

    ₱ 56,280.00
    ₱ 50,680.00

    ₱ 64,400.00

    ₱ 560.00

    ₱ 49,666.40
    ₱ 1,013.60

    ₱ 638,120.00

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