GRACE CORPORATION

Sales
December 31, 2004

Sales per book P 112,152,313

Add/(Deduct Adjustment)
Unrecorded Sales:
Invoce No. Amount
1264 150,500
1265 169,318
1266 210,909
1254-1255 4,682
1240 440,000 975,409
P 113,127,722

Adjusting Journal Entry:

Accounts Receivable 143,400

Cash 929,550
Sales 975,409
Output tax 97541

Prepared by Reviewed by
Initial Date Initial Date
 Grace Corporation
Schedule of Sales
December 31, 2004
Debit
Accounts Credit Output
Date Sold to Terms Inv. # Receivable Cash Sales Credit Sales Tax
2004
Nov.20 Louie Tan 2/10, n/30 1240 484,000 440,000 44,000
Dec. 1 EagleDynasty
Contractors 2/10, n/30 1251 246,825 224,386 22,439
3 Construction 2/10, n/30 1252 4,625 4,205 420
7 Sampollo Company 2/10, n/30
Benitez 1253 58,035 52,759 5,276
10 Merchandising 2/10, n/30 1254 711,950 647,227 64,723
2/10, n/30 1255 314,675 286,068 28,607
2/10, n/31 1254-1255 5,150 4,682 468
15 Ida Coronel 2/10, n/30 1256 138,285 125,713 12,572
17 Luli Samson 2/10, n/30 1257 86,850 78,955 7,895
22 Susan deBlocks
Building Leon 2/10, n/30 1258 204,475 185,886 18,589
23 Inc. Cash 1259 75,805 68,914 6,891
1260 111,395 101,268 10,127
27 Cora Tayag 2/10, n/30 1261 208,600 189,636 18,964
Centeno, Antonio 1262 81,275 73,886 7,389
29 &Benitez
Tantoco Cash 1263 736,000 669,090 66,909
30 Merchandising 2/10, n/30 1266 232,000 210,909 21,091
30 EagleDynasty
contractors C.O.D. 1264 165,550 150,500 15,050
30 Construction C.O.D. 1265 186,250 169,318 16,932
December Sales 2,292,745 1,275,000 3,243,402 324,342

Prepared by Reviewed by
Initial Date Initial Date