PURCHASES JOURNAL

Date Invoice No. Accounts Debited P.R. Purchases debit Input VAT Accounts Payable
Debit credit
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




TOTAL

SALES JOURNAL
Date Invoice Accounts Debited P.R. Sales Output VAT Accounts Receivable
No. credit credit debit
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TOTAL
 CASH RECEIPT JOURNAL
Date O.R INVOICE Accounts Debited P.R. Accounts Sales Output Sales Cash
No. No. Receivable VAT Discount
credit credit credit debit debit
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TOTAL
 CASH DISBURSEMENT JOURNAL
Date Check Check Accounts Debited P.R Sundry Salaries SSS, PH, Withholding Accounts Purchase Cash
Vouch No. Expense Pagibig Tax Payable Payable Discounts
er No. Debit/ Debit Payable Debit
(credit) Debit Credit debit credit credit
(Credit)

TOTAL

 GENERAL JOURNAL
Page 1
Date PARTICULARS P.R Debit Credit
 General Journal Adjusting Entries Page 2
Date PARTICULARS P.R Debit Credit
 GENERAL JOURNAL
Page 3
Date PARTICULARS P.R Debit Credit
 GENERAL LEDGER
101 Cash 150 Store Equipment
Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
 

120 Accounts Receivable 155 Accumulated Depreciation-Store Equipment

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
 

130 Merchandise Inventory 160 Office Equipment

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
 

140 Input VAT 165 Accumulated Depreciation-Office Equipment

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
 
210 Accounts Payable 250 Utilities Payable
Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
 

220 Withholding Tax Payable 260 Output VAT

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance


230 Expanded Withholding Tax Payable 270 Cash Dividends Payable

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance


240 SSS, PH, and Pagibig Payable

Date Description P.R Debit Credit Balance 310 Ordinary Share Capital ₱ 100,000
 Date Description P.R Debit Credit Balance
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320 Retained Earnings 430 Sales Discount
Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance


330 Income Summary 510 Purchases

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance

410 Sales 520 Purchases Returns and Allowances

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance

420 Sales Returns and Allowances 530 Purchase Discount

Date Description P.R Debit Credit Balance Date Description P.R Debit Credit Balance
610 Salaries Expenses
Date Description P.R Debit Credit Balance
650 Supplies Expense
Date Description P.R Debit Credit Balance

620 SSS, PhilHealth and Pag-Ibig Contributions
Date Description P.R Debit Credit Balance

660 Transportation Expense

Date Description P.R Debit Credit Balance
630 Rent Expenses
Date Description P.R Debit Credit Balance

670 Depreciation Expense – Store Equipment

640 Utilities Expenses Date Description P.R Debit Credit Balance
Date Description P.R Debit Credit Balance
680 Depreciation Expense – Office Equipment
Date Description P.R Debit Credit Balance

Accounts Receivable –
Date Description P.R Debit Credit Balance
690 Miscellaneous Expense
Date Description P.R Debit Credit Balance

Accounts Receivable –
Date Description P.R Debit Credit Balance
SUBSIDIARY LEDGER
Accounts Receivable –
Date Description P.R Debit Credit Balance

Accounts Receivable –
Date Description P.R Debit Credit Balance
Accounts Receivable –
Date Description P.R Debit Credit Balance
Accounts Receivable –
Date Description P.R Debit Credit Balance

Accounts Payable –
Date Description P.R Debit Credit Balance

Accounts Payable –
Date Description P.R Debit Credit Balance

Accounts Payable –
Date Description P.R Debit Credit Balance

Accounts Payable –
Date Description P.R Debit Credit Balance

Accounts Payable –
Date Description P.R Debit Credit Balance
Accounts Payable –
Date Description P.R Debit Credit Balance
 Worksheet
For the Month Ended,
Account Account Title Trial Balance Adjustment Income Statement Balance Sheet
No. Debit Credit Debit Credit Debit Credit Debit Credit

Net Income (Net Loss)

TOTAL
 Statement of Comprehensive Income
For the month ended Statement of Changes in Stockholder’s Equity
For the Month Ended
Sales
Less: Sales Returns and Allowances Ordinary Share Capital ₱100,000 par ₱
Less: Sales Discount Retaining Earnings, ₱
Net Sales Add/Less: Net income (Net Loss)
Less: Cash Dividends
Purchases Retained Earnings,
Less: Purchases Returns and Allowances TOTAL STOCKHOLFER’S EQUITY
Less: Purchase Discount
Net Purchases
Add: Merchandise Inventory-Beginning
Less: Merchandise Inventory –End
Cost of Goods Sold
Gross Profit

Operating Expenses
Salaries Expense
SSS, PhilHealth and Pag-ibig Contributions
Rent Expense
Utilities Expense
Supplies Expense
Depreciation Expense-Store Equipment
Depreciation Expense-Office Equipment
Total Expenses

NET INCOME (LOSS) ₱

 Statement of Financial Position

ASSETS
Current Assets
Cash ₱
Accounts Receivable
Merchandise Inventory
Input VAT
Total Current Asset ₱
Non-Current Assets
Store Equipment ₱
Accumulated Depreciation-Store Equipment ₱
Office Equipment ₱
Accumulated Depreciation- Office Equipment
Total Non-current Asset
TOTAL ASSETS ₱
LIABILITIES
Accounts Payable ₱
Withholding Tax Payable
SSS, PH and Pagibig Contributions Payable
Utilities Payable
Output VAT
Cash Dividends Payable
Total Liabilities ₱
STOCKHOLDER’S EQUITY
Ordinary Share Capital ₱ 100 par ₱
Retained Earnings,
Total Stockholder’s Equity
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY ₱
 Statement of Cash Flows
For the Month Ended,

CASH-IN ACTIVITIES:
Cash Sales ₱
Collections from Accounts Receivable
Refund from returned merchandise
Total Cash-In ₱
CASH-OUT ACTIVITIES:
Purchased Merchandise ₱
Payment of Accounts
Purchased Store Supplies
Refund to Customer
SSS, Philhealth and Pagibig Contributions
Payment for Utilities
Payment for BIR
Payment for Payroll
Payment for Rental
Payment for Payroll
____________________________ _____________
____________________________ _____________
____________________________ _____________
Total Cash-Out

Net Increase (decrease) in cash ₱

Add: Cash Balance,
CASH BALANCE, ₱
 Post-Closing Trial Balance

Account Titles Debit Credit

₱ ₱