BOOKKEEPING (BKP)

TASK SHEET 2.1-2

Trainer: Miss Sweetzel A. Precinio

Name:______________________________________________ Date:___________________________
Course:_____________________________________________ Score:________________/ 20 pts.

INSTRUCTION: Based on the given information’s and transactions below, prepare the JOURNAL ENTRIES.

A. ACCOUNTING FOR PURCHASES

Maricel Enterprise buys and sells RTW Dresses. The following purchases were made during November 2007.
Nov. 3 Purchased merchandise for P10,000 from Divisoria Market, terms: 2/10, n/30.

4 Bought goods to Escolta Store for P8,000. 5%,EOM.

7 Purchased merchandise from Cinderella for P15,000.

10 Received credit memo from returned goods to Escolta Store worth P2,000.

13 Paid Divisoria Market in full.

15 Purchased goods from Marikina Store for P9,000. Terms: 30% down payment balance
2/15, n/30.

18 Paid transportation cost from Nov. 15 transactions. P250.

20 Paid Escolta Store in full.

25 Bought tables and chairs. P1,500.

28 Paid Marikina Store in full.

B. ACCOUNTING FOR SALES

The following are selected transactions of Jargon Merchandising for the month of December.

Dec. 1 Sold merchandise to Kerr Co. for P6,000, terms: 2/10, n/30.

3 Sold an old typewriter to Darios Santos for P2,000 cash.

5 Paid transportation cost for Kerr Co. transactions P250.

8 Sold merchandise for customer P3,000.

10 Collection from Kerr Co. in full.

15 Received return merchandise from customer on Dec. 8, P500.

19 Sold merchandise to A. Amir for P8,500. 5/10, 2/15, n/30.

22 Gave credit to A.Amir for merchandise return worth P650.

25 Received payment from A.Amir in full.

29 Paid water bill P500 and electric bill P800.

 Name: _____________________________________________ Course/Section: ____________________________

DATE ACCOUNT TITLES AND EXPLANATION Pr DEBIT CREDIT

ANSWER SHEET: ACCOUNTING FOR PURCHASES

Name: _____________________________________________ Course/Section: ____________________________

DATE ACCOUNT TITLES AND EXPLANATION Pr DEBIT CREDIT

ANSWER SHEET: ACCOUNTING FOR SALES