B&O EQUIPMENT CO.

DATE TRANSACTIONS JOURNALS

Sept. 1 Invested cash P800,000 as initial capital and Merchandise invetory P150,000 CRJ/GJ
1 Bought Service vehicle P300000 from TOYOTA on accounts GJ
2 Paid rent in advance for P 30,000 covering 3 months CPJ
3 Bought furnitures P40,000 on cash CPJ
3 Bought office supplies P20,000 on cash CPJ
4 Bought equipment worth P50,000 on cash CPJ
5 Purchased goods worth P150,000 from DOCo. Term : 2/10, n/45 PJ
6 Sold goods on cash P 70,000 to Mr. Armin CRJ
6 Paid for representation P2000 CPJ
7 Paid telephone bill P1500 CPJ
7 Sold goods worth P140,000 to Ms. Zaya Term: 5/10, n/30 SJ
8 Paid advertisement P2,000 and Insurance P3,500 CPJ
8 Paid for the licenses & permit P 3,500 CPJ
9 Purchased goods worth P150,000 from CPR Term: 2/15, n/30 PJ
10 Sold goods to Mr. Yuri worth P50,000 Term: 5/10, n/30 SJ
10 Returned goods to CPR P10,000 GJ
11 Paid CPR 70,000 CPJ
11 Sold goods to Ms. Sara worth P40,000 Term: 2/10, n/30 SJ
12 Collected full payment from Ms. Zaya CRJ
12 Received returns from Mr. Yuri worth P5,000 GJ
13 Paid CPR in full CPJ
14 Receive P25,000 from Mr. Yuri CRJ
14 Receive returns from Ms. Sara worth P1,000 GJ
15 Paid Utilities P7,000 CPJ
16 Paid DOCo. P50,000 CPJ
Purchased goods from MedCo P200,000, Term: 3/15, n/60 -FOB Shipping point
16 Freight Prepaid amounting to P2,000 PJ/GJ
17 Received full payments from Mr. Yuri CRJ
17 Sold goods to Mr. Ben worth P55,000 Term: 2/5, 5/10, n/15 SJ
18 Returned goods to MedCo P15,000 GJ
19 Sold goods to Ms. Risa P180,000 on cash CRJ
19 Withdrew cash for personal use worth P3,000 CPJ
20 Received returns from Ms. Risa worth P5,000 CPJ
21 Collected Ms. Sara in full CRJ
21 Collected P 30,000 from Mr. Ben CRJ
22 Paid repair & maintenance bill P2,500 CPJ
22 Paid for taxes P3,300 CPJ
23 Paid miscellaneous expense P3,000 CPJ
23 Purchased goods P120,000 from RDTech Term: 5/10,n/30 PJ
24 Sold goods P 90,000 to Mr. Kevin Term: 2/10, n/30 SJ
25 Bought additional office supplies worth P5,000 CPJ

Purchased goods from LAB P30,000, Term: 3/15, n/30 -FOB Shipping point Freight
25 prepaid amounting to P2,000 PJ/GJ
26 Sold goods 20,000 to Ms. Bella on cash CRJ
26 Received returns worth P 10,000 from Mr. Kevin GJ
27 Sold goods P80,000 to Mr. Cani on cash CRJ
27 Withdrew cash P 5,000 for personal use CPJ
28 Receive returns from Mr. Cani worth P5,000 CPJ
29 Collected Mr.Kevin P50,000 CRJ
29 Paid employees salaries P30000 CPJ
30 Paid MedCo in full. CPJ
30 Paid LAB P16,001 CPJ
30 Paid TOYOTA P50,000 CPJ