Professional Documents
Culture Documents
Cash Accounts
Date Supplier Terms Invoice No. Purchases Purchases Payable
DR CR F
Apr 1 Monching Furnitures 5/10, n/30 24857 /
1 San Pedro Sounds COD 43210 12000 12000
1 Laguna Corporation 5/20, n/30 45678 31500 /
1 Sony Corporation 5/5, n/30 77777 30610.03 /
1 LG Corporation n/60 98765 7200 /
1 Margas Philippines 5/10, n/60 12555 18540 /
2 Ronron Appliances n/10 131313 2880 /
2 San Pedro Sounds n/20 45668 24900 /
2 Philips Electrical n/60 23345 24200 /
2 Mars Industries 30 day, 16% note 123453 27000
2 Upsilon Appliances COD 23569 28200 28200
3 MNS Marketing COD 33662 7200 7200
8 Patrick Industries 10 day, 14% note 223344 26440 6440
10 Sanyo Philippines 5/20, n/30 654321 7110 /
20 San Pedro Sounds 5/20, n/60 4788 10260 /
22 Laguna Corporation n/45 56784 14060 /
23 Toshiba Radiola 60 day note 88888 12330
24 Philips Electrical n/60 33344 10600 /
26 Sony Corporation n/60 99999 7760 /
26 Margas Philippines n/60 14789 19250 /
322040.03 53840
(500) (/)
338540.03
DR
1
SE JOURNAL
Accounts Notes
Payable Payable SUNDRIES
CR CR Account Name F DR CR
16500 Furnitures and Fixtures 120 16500
31500
30610.03
7200
18540
2880
24900
24200
27000
20000
7110
10260
14060
12330
10600
7760
19250
225370.03 59330 16500
(200) (201)
338540.03
CR
CAS
1
Cash
Purchases SUNDRIES
DR Account Name F DR CR
Prepaid Rent 107 4500
Prepaid Taxes and Licences 110 295
Petty Cash 101 1000
12000
28200
Prepaid Advertising 111 500
Supplies Expense 507 2200
7200
1
Accounts Notes
Receivable Receivable
DR. DR
14480
9950
17000
19143
20000
12700
10000
7500
4069
6682
94892 26632
(102) (104)
CASH RECEIPTS JOURNAL
Sales Accounts
Date Payor Explanation OR Cash Discounts Receivable
No. DR DR F
Apr 1 Riccel Tropicales Initial Investment 001 300000
2 Sto. Nino Store Payment for SI001 002 42000
3 Laguna Appliances Downpayment for SI002 003 3620
4 Monaliza Servantes Downpayment for SI003 004 2500
12 Wilfredo Verzosa Payment for SI006 005 8529.3
15 Dela Paz Trading Downpayment for SI007 006 6027
18 Tropicales Marketing Downpayment for SI009 007 12165
20 Bernie Reyes In full of SI010 008 13247.1
24 Monaliza Servantes Payment for SI003 009 10016.33
1
OURNAL
Accounts
Receivable Cash Sales SUNDRIES
CR CR Account Name F DR CR
Riccel, Capital 300 300000
42000
3620
2500
8529.3
6027
12165
13247.1
Interest Income 403 66.33
Notes Receivable 104 9950
4972.5
7500
7500 93060.9 310016.33
(201) /
410577.23
CR
PETTY CASH VOUCHER
Office
Date Payee PCV Receipts Payments Supplies Advances
No.
April 1 Establishment of Fund 1000
1 Binan Municipality 001 20
3 Nawasa 002 250
7 Luningning Store 003 360
15 National Bookstore 004 76.4 76.4
26 Mang Cosme 005 200
26 Maria Sari Sari Store 006 274.4
TOTAL 1000 1180.8 76.4
-180.8
1000 1000
Balance -180.8
Replenish Chk #1018 630
Replenish Chk #1025 550.8
Balance 1000
Misc.
Expenses SUNDRIES
Account Name Amount
0 0
GENERAL JOURNAL
Date Particulars F DR CR
Apr 1 Accounts Payable 927
Purchase Returns and Allowances 927
Merchandise Returns
Supplier Amount
San Pedro Sounds 35160
Laguna Corporation 14060
Sony Corporation 7760
LG Corporation 7200
Margas Philippines 19250
Philips Electrical 34800
TOTALS 118230
RICCEL TRADING CENTER
SCHEDULE OF ACCOUNTS RECEIVABLE
As of April 30, 2004
CUSTOMER AMOUNT
Laguna Appliances 14480
Richard Mance 17000
Filinvest Appliances 19143
Dela Paz Trading 20000
San Pedro College 12700
Wilfredo Verzosa 4069
TOTALS 87392
RICCEL TRADING CENTER
TRIAL BALANCE
AS OF APRIL 30, 2013
280.6
1326.1
291.75
300000
214584.9
66.33
927
5166.65
680203.33
ADJUSTING ENTRIES GJ1
DATE PARTICULARS DR
1 Merchandise Inventory - 04/30/2004 106 184043.35
Income Summary 600
2 Taxes and Licenses 505 100
Prepaid Taxes and Licenses 110
3 Supplies Unused 108 2188.5
Supplies Expense 507
4 Interest Receivable 105 216.97
Interest Income 403
5 Interest Expense 518 360
Interest Payable 202
6 Depreciation Expense - Furnitures and Fixtures 513 247.5
Accumulated Depreciation - Furnitures and Fixtures 121
Depreciation Expense - Office Equipment 514 26.67
Accumulated Depreciation - Office Equipment 123
Depreciation Expense - Transportation Equipment 515 291.67
Accumulated Depreciation - Transportation Equipment 125
7 Doubtful Accounts Expense 512 873.92
Allowance for Doubtful Accounts 103
8 SSS Medicare Premiums Expense 516 465.2
SSS Medicare Payable 205
ECC Pag-ibig Expense 517 440
ECC Pag-ibig Payable 203
9 Insurance Expense 508 42.33
Prepaid Insurance 109
10 Delivery Expense 511 650
Accrued Delivery Expense 207
11 Utilities Expense 510 1000
Utilities Payable 206
12 Professional Fee Expense 519 1500
Professional Fee Payable 208
13 Miscellaneous Expense 520 150
Cash 100
14 Rent Expense 504 1500
Prepaid Rent 107
15 Advertising Expense 506 100
Prepaid Advertising 111
194196.11
1
CR
184043.35
100
2188.5
216.97
360
247.5
26.67
291.67
873.92
465.2
440
42.33
650
1000
1500
150
1500
100
194196.11
ASSETS
GENERAL LEDGER
CASH ACCOUNT NUMBER: 100
Date Explanation F DR Date Explanation F CR
4 30 CRJ1 410202.23 4 30 CPJ1 244424.51
165777.72
410202.23 410202.23
BALANCE 165777.72 30 Adjustments 150
165627.72
165777.72 165777.72
BALANCE 165627.72
GENERAL LEDGER
ACCOUNTS PAYABLE ACCOUNT NUMBER: 200
Date Explanation F DR Date Explanation
4 1 Returns GJ1 927 4 30
30 CPJ1 106213.03
107140.03
118230
225370.03
30 BALANCE
GENERAL LEDGER
ACCOUNT NUMBER: 200 RICCEL, CAPITAL
F CR Date Explanation F DR Date
PJ1 225370.03 4 30 GJ2 500 4
500
350972.8
225370.03 351472.8
118230
59330
39330
351472.8
BALANCE 350972.8
SALES DISCOUNTS
Date Explanation
4 30
INTEREST INCOME
Date Explanation
4 30
5 1 Reversing
REVENUES
GENERAL LEDGER
ACCOUNT NUMBER: 400 PURCHASES
F DR Date Explanation F CR Date
GJ2 214584.9 4 30 SJ1 214584.9 4 30
RENT EXPENSE
Date
4 30
SUPPLIES EXPENSE
Date
4 3
30
INSURANCE EXPENSE
Date
4 30
SALARIES EXPENSE
Date
4 16
30
UTILITIES EXPENSES
Date
4 17
30
DELIVERY EXPENSES
Date
4 22
30
DEPRECIATION EXPENSE -
Date
4 30
DEPRECIATION EXPENSE -
Date
4 30
SSS MEDICARE PREMIUMS
Date
4 30
INTEREST EXPENSE
Date
4 19
30
PROFESSIONAL FEE EXPEN
Date
4 30
MISCELLANEOUS EXPENSE
Date
4 17
30
30
GENERAL LEDGER
URCHASES ACCOUNT NUMBER: 500
Explanation F DR Date Explanation F CR
PJ1 322040.03 4 30 Closing Entries GJ2 322040.03
375 375
216.97 283.3 283.3
322040.03 322040.03
927 927
5166.65 5166.65
ASSETS
CURRENT ASSETS
Cash
Petty Cash
Accounts Receivable 87392
Allowance for Doubtful Accounts 873.92
Notes Receivable
Interest Receivable
Merchandise Inventory
Prepaid Rent
Supplies Unused
Prepaid Insurance
Prepaid Taxes and License
Prepaid Advertising
CAPITAL
Riccel, Capital
Net Income 51472.7999999999
Riccel, Drawing 500
TOTAL LIABILITIES AND CAPITAL
0, 2004
165627.72
1000
86518.08
16682
216.97
184043.35
3000
2188.5
465.67
215
400 460357.29
NET BOOK
VALUE
16252.5
3528.33
34708.33 54489.16
514846.45
118230
39330
360
720.6
1326.1
756.95
1000
650
1500 163873.65
300000
50972.8 350972.8
514846.45
1
RICCEL TRADING CENTER
INCOME STATEMENT
FOR THE MONTH ENDED APRIL 30, 2004
Sales
Less: Sales Discounts
Net Sales
Less: Cost of Goods Sold
Merchandise Inventory
Add: Net Cost of Purchases
Purchases
Less: Purchase Returns and Allowances 927
Purchase Discounts 5166.65
Total Goods Available for Sale
Less: Merchandise Inventory - April 30, 2004
Gross Profit
Less: Operating Expenses
Rent Expense
Taxes and Licenses
Advertising Expense
Supplies Expense
Insurance Expense
Salaries Expense
Utilities Expense
Delivery Expense
Doubtful Accounts Expense
Depreciation Expense - Furnitures and Fixtures
Depreciation Expense - Office Equipment
Depreciation Expense - Transportation Equipment
SSS Medicare Premiums Expense
ECC, Pag-ibig Expense
Professional Fee Expense
Miscellaneous Expense
Operating Profit
Other Income (Expenses)
Interest Income
Interest Expense
Net Income
NTER
NT
PRIL 30, 2004
214584.9
375
214209.9
322040.03
6093.65 315946.38
315946.38
184043.35 131903.03
82306.87
1500
100
100
87.9
42.33
21870
1250
900
873.92
247.5
26.67
291.67
465.2
440
1500
984.4 30679.59
51627.28
283.3
437.78 -154.48
51472.8
RICCEL TRADING CENTER
POST CLOSING TRIAL BALANCE
FOR THE MONTH ENDED APRIL 30, 2004
Cash
Petty Cash
Accounts Receivable
Allowance for Doubtful Accounts
Notes Receivable
Interest Receivable
Merchandise Inventory
Prepaid Rent
Supplies Unused
Prepaid Insurance
Prepaid Taxes and License
Prepaid Advertising
Furnitures and Fixtures
Accumulation Depreciation - Furnitures and Fixtures
Office Equipment
Accumulation Depreciation - Office Equipment
Delivery Equipment
Accumulated Depreciation - Delivery Equipment
Accounts Payable
Notes Payable
Interest Payable
ECC, Pag-ibig Payable
Withholding Tax Payable
SSS and Medicare Payable
Utilities Payable
Accrued Delivery Expense
Professional Fee Payable
Riccel, Capital
TOTALS
E
2004
DR CR
165627.72
1000
87392
873.92
16682
216.97
184043.35
3000
2188.5
465.67
215
400
16500
247.5
3555
26.67
35000
291.67
118230
39330
360
720.6
1326.1
756.95
1000
650
1500
350972.8
516286.21 516286.21
1
CLOSING ENTRIES GJ2
184043.35
927
5166.65
131903.03
322040.03
31117.37
1500
100
100
87.9
42.33
21870
1250
900
873.92
565.84
465.2
440
1500
984.4
437.78
51472.8
51472.8
500
500
REVERSING ENTRIES GJ 3
DR
May 1 Accrued Delivery Expense 207 650
Delivery Expense 511
1 Utilities Payable 206 1000
Utilities Expense 510
1 Professional Fee Expense 208 1500
Professional Fee Payable 519
1 Interest Income 403 216.67
Interest Receivable 105
1 ECC, Pag-ibig Payable 203 440
ECC, Pag-ibig Expense 517
1 SSS and Medicare Payable 205 465.2
SSS and Medicare Premiums Expense 216
1 Interest Payable 202 360
Interest Expense 518
GJ 3
CR
650
1000
1500
216.67
440
465.2
360