AIS Ex

Lion Toyland
Trial Balance
November 30, 2016
Account Title Debit
Cash 100000
Petty Cash Fund 10000
Accounts Receivable - Customers 150000
Merchandise Inventory, Jan 1 100000
Prepaid Advertising 24000
Supplies on Hand 5000
Store Equipment 200000
Office Furnitures 50000
Accounts Payable
Notes Payable
De Leon, Capital
De Leon, Drawing 140000
Sales
Sales Returns and Allowances 2000
Sales Discounts 4000
Purchases 1800000
Purchase Returns and Allowances
Purchase Discounts
Freight In 30000
Rent Expense 70000
Salaries Expense 500000
Insurance Expense 40000
Total 3225000
Credit
40000
500000
350000
2300000
15000
20000
3225000
CHECKS
Account No. Account Name Check No.

0529-0089-27 Lion Toyland 12340
Pay to the Order of Happy Toys Inc.

Pesos Twenty thousand
Banco De Oro
Tanay Branch
Tanay Town Center, Tanay, Rizal
"12340"03002""1127.0529008927

0529-0089-27 Lion Toyland 12341
Pay to the Order of Erlinda De Jesus

Pesos Five thousand
Banco De Oro
Tanay Branch
"12341"03002""1127.0529008927
0529-0089-27 Lion Toyland 12342
Pay to the Order of Precision Games

Pesos Five thousand
Banco De Oro
Tanay Branch
"12342"03002""1127.0529008927

0529-0089-27 Lion Toyland 12343
Pay to the Order of Allied Brokerage

Pesos Two thousand two hundred forty
Banco De Oro
Tanay Branch
"12343"03002""1127.0529008927

0529-0089-27 Lion Toyland 12344
Pay to the Order of Meralco
Pesos Five thousand
Banco De Oro
Tanay Branch
"12344"03002""1127.0529008927

0529-0089-27 Lion Toyland 12345
Pay to the Order of

Pesos Six thousand six hundred forty-three
Banco De Oro
Tanay Branch
"12345"03002""1127.0529008927

0529-0089-27 Lion Toyland 12346
Pay to the Order of South Border

Pesos One thousand two hundred
Banco De Oro
Tanay Branch
"12346"03002""1127.0529008927

0529-0089-27 Lion Toyland 12347
Pay to the Order of Durable Toys Co.

Pesos Fourteen thousand seven hundred
Banco De Oro
Tanay Branch
"12347"03002""1127.0529008927

0529-0089-27 Lion Toyland 12348
Pay to the Order of

Pesos Twenty-three thousand five hundred
Banco De Oro
Tanay Branch
"12348"03002""1127.0529008927

0529-0089-27 Lion Toyland 12349
Pay to the Order of Franco De Leon

Pesos Twenty thousand
Banco De Oro
Tanay Branch
"12349"03002""1127.0529008927

0529-0089-27 Lion Toyland 12350
Pay to the Order of Happy Toys

Pesos One hundred twelve thousand
Banco De Oro
Tanay Branch
"12350"03002""1127.0529008927
0529-0089-27 Lion Toyland 12351
Pay to the Order of Durable Toys Co.

Pesos Forty thousand four hundred fifty-six and seventy centavos
Banco De Oro
Tanay Branch
"12351"03002""1127.0529008927

0529-0089-27 Lion Toyland 12352
Pay to the Order of

Pesos Twenty-five thousand
Banco De Oro
Tanay Branch
"12352"03002""1127.0529008927

0529-0089-27 Lion Toyland 12353
Pay to the Order of
Pesos Fifty thousand
Banco De Oro
Tanay Branch
"12353"03002""1127.0529008927

0529-0089-27 Lion Toyland 12354
Pay to the Order of Alpha Supplies Co.

Pesos Four thousand four hundred sixty-four and twenty-nine centavos
Banco De Oro
Tanay Branch
"12354"03002""1127.0529008927

0529-0089-27 Lion Toyland 12355
Pay to the Order of

Pesos Seven thousand six hundred fifty
Banco De Oro
Tanay Branch
"12355"03002""1127.0529008927

0529-0089-27 Lion Toyland 12356
Pay to the Order of

Pesos Five thousand
Banco De Oro
Tanay Branch
"12356"03002""1127.0529008927

0529-0089-27 Lion Toyland 12357
Pay to the Order of

Pesos One thousand
Banco De Oro
Tanay Branch
"12357"03002""1127.0529008927

0529-0089-27 Lion Toyland 12358
Pay to the Order of

Pesos One thousand two hundred
Banco De Oro
Tanay Branch
"12358"03002""1127.0529008927
R/T No.
3004
112-7
December 4, 2016
P 20,000
R/T No.
3004
112-7
December 4, 2016
P 4,464.29
R/T No.
3004
112-7
December 4, 2016
P 5,000
R/T No.
3004
112-7
December 5, 2016
P 2,000.00
R/T No.
3004
112-7
December 8, 2016
P 4,464.29
R/T No.
3004
112-7
December 8, 2016
P 6,000.00
R/T No.
3004
112-7
December 11, 2016
P 1,071.43
R/T No.
3004
112-7
13-Dec-16
P 14,700.00
R/T No.
3004
112-7
15-Dec-16
P 23,500.00
R/T No.
3004
112-7
15-Dec-16
P 20000
R/T No.
3004
112-7
24-Dec-16
P 112,000.00
R/T No.
3004
112-7
24-Dec-16
P 40,456.70
R/T No.
3004
112-7
30-Dec-16
P 25,000
R/T No.
3004
112-7
30-Dec-16
P 50,000
R/T No.
3004
112-7
30-Dec-16
P 4,464.29
R/T No.
3004
112-7
30-Dec-16
P 7650.00
R/T No.
3004
112-7
30-Dec-16
P 5000.00
R/T No.
3004
112-7
30-Dec-16
P 1000.00
R/T No.
3004
112-7
30-Dec-16
P 1200.00
OFFICIAL RECEIPTS
LION TOYLAND
Franco De Leon - Proprietor
Suite 207 AB Queen Tower
953 FT Catapusan St. Tanay, Rizal
TIN 015-000-198-283 VAT
Official Receipt
Date
Received from North Gaming of
the sum of Forty thousand Pesos
in full/partial payment of
By:
Authorized
LION TOYLAND
TIN 015-000-198-283 VAT
Official Receipt
Date
Received from Pointer Amusement of
the sum of Twenty thousand Pesos
By:
Authorized
LION TOYLAND
TIN 015-000-198-283 VAT
Official Receipt
Date
Received from East Toys of
the sum of Fifteen thousand Pesos

By:
Authorized
LION TOYLAND
TIN 015-000-198-283 VAT
Official Receipt
Date
Received from South Border of
the sum of Thirty-five thousand pesos
By:
Authorized
TS
No. 201
Date December 4, 2016
(P 39,200 )
Authorized Signature
l
No. 202
(P 20,000 )
No. 203
(P 15,000 )
No. 204
(P 35,000 )
CHARGE SALES INVOICE
LION TOYLAND
TIN 015-000-198-283 VAT
Charge Sales Invoice
Sold To North Gaming Co.
Address
Qty. Unit Description
40 pcs Toys
Subt
V
T
Received the above go
Customer's
LION TOYLAND
TIN 015-000-198-283 VAT
Sold To South Border
Address
30 pcs Toys
Subt
V
T
Customer's
LION TOYLAND
TIN 015-000-198-283 VAT
Sold To East Toys Co.
Address
20 pcs Toys
Subt
V
T
Customer's
LION TOYLAND
TIN 015-000-198-283 VAT
Sold To Pointer Amusement
Address
30 pcs Toys
Subt
V
T

Customer's
LION TOYLAND
TIN 015-000-198-283 VAT
Sold To
Address
Subt
V
T
Customer's
LES INVOICE
OYLAND
n - Proprietor
Queen Tower
n St. Tanay, Rizal
198-283 VAT
No. 0501
es Invoice
Terms 2/15, n/30
n Unit Price Amount
3080 123,200.00
Subtotal 110000
VAT 13200
Total 123200
Received the above goods in good condition.
Customer's Signature
OYLAND
n - Proprietor
Queen Tower
n St. Tanay, Rizal
198-283 VAT
No. 0502
es Invoice
Date 11-Dec-16
Terms 2/15, n/30
n Unit Price Amount
3500 105,000.00
Subtotal 93750
VAT 11250
Total 105000
OYLAND
n - Proprietor
Queen Tower
n St. Tanay, Rizal
198-283 VAT
No. 0503
es Invoice
Date 28-Dec-16
Terms 2/15, n/30

n Unit Price Amount
2800 56,000.00
Subtotal 50000
VAT 6,000.00
Total 56,000.00
OYLAND
n - Proprietor
Queen Tower
n St. Tanay, Rizal
198-283 VAT
No. 0504
es Invoice
Date 28-Dec-16
Terms n/30
n Unit Price Amount
2800 84,000.00
Subtotal 75000
VAT 9000
Total 84000

OYLAND
n - Proprietor
Queen Tower
n St. Tanay, Rizal
198-283 VAT
No. 0505
es Invoice
Date
Terms
n Unit Price Amount
Subtotal
VAT
Total
CHARGE SALES INVOICE
LION TOYLAND
TIN 015-000-198-283 VAT
Cash Sales Invoice
Sold To
Address
20 pcs Assorted Color Toys
Received the above
Custom
LION TOYLAND
TIN 015-000-198-283 VAT
Sales Invoice
Sold To
Address
30 pcs Toys
Received the above
Custom
LION TOYLAND
TIN 015-000-198-283 VAT
Sales Invoice
Sold To
Address
20 pcs Toys
Received the above
Custom
ES INVOICE
YLAND
Proprietor
een Tower
St. Tanay, Rizal
8-283 VAT
No. 0150
Invoice
Date 5-Dec-16
Unit Price Amount
r Toys 3360 67200
Subtotal 60000
VAT 7200
Total 67200
YLAND
Proprietor
een Tower
St. Tanay, Rizal
8-283 VAT
No. 0151
oice
Date 19-Dec-16
Unit Price Amount
3360 100800
Subtotal 90000
VAT 10800
Total 100800
YLAND
Proprietor
een Tower
St. Tanay, Rizal
8-283 VAT
No. 0152
oice
Date 28-Dec-16
Unit Price Amount
2800 56000
Subtotal 50000
VAT 6000
Total 56000
PETTY CASH VOUCHERS
LION TOYLAND
Voucher No. 0001
Petty Cash Voucher Date 23-Dec-16
Particulars Amount
Repair of office equipment 2000
Total 2000
Prepared By: Approved By: Received By:
LION TOYLAND
Voucher No. 0002
Particulars Amount
Sales supplies 500
Total 500
LION TOYLAND
Voucher No. 0003
Particulars Amount
Testimonial party expense 3000
Total 3000
LION TOYLAND
Voucher No. 0004
Petty Cash Voucher Date

Particulars Amount
Total
LION TOYLAND
Voucher No. 0005
Particulars Amount
Total
LION TOYLAND
Voucher No. 0006
Particulars Amount
Total

S
Voucher No. 0001
23-Dec-16
Amount
2000
2000
Received By:
Voucher No. 0002
23-Dec-16
Amount
500
500
Received By:
Voucher No. 0003
23-Dec-16
Amount
3000
3000
Received By:
Voucher No. 0004

Amount
Received By:
Voucher No. 0005
Amount
Received By:
Voucher No. 0006
Amount
Received By:
LION TOYLAND
CHART OF ACCOUNTS
Account Number
ASSETS
100
101
102
103
104
105
106
107
110
111
112
113
114
LIABILITIES
200
201
202
203
204
205
206
206-1
206-2
OWNER'S EQUITY
300
301
600
601
602
604
700
701
702
703
704
705
706
800
801
802
803
804
805
806
807
808
809
810
811
LION TOYLAND
CHART OF ACCOUNTS
Account Title
ASSETS
Cash
Petty Cash Fund
Accounts Receivable
Allowance for Bad Debts
Merchandise Inventory
Prepaid Rent
Prepaid Advertising
Supplies on Hand
Store Equipment
Accumulated Depreciation - Store Equipment
Security Equipment
Office Furniture
Accumulated Depreciation - Office Furniture
LIABILITIES
Accounts Payable
Notes Payable
Withholding Tax Payable
Pag-ibig Premium Payable
SSS Premium Payable
Philhealth Premium Payable
VAT Payable
Input Tax Payable
Output Tax Payable
OWNER'S EQUITY
De Leon, Capital
De Leon, Drawing
Sales
Sales Returns and Allowances
Sales Discounts
Freight-Out
Purchases
Purchase Returns & Allowance
Purchase Discounts
Income & Expense Summary
SSS Premium Expense
Pag-ibig Premium Expense
Philhealth Premium Expense
Salaries Expense
Rent Expense
Insurance Expense
Utilities Expense
13th Month Pay
Repairs & Maintenance
Sales supplies Expense
Office Supplies Expense
Miscellaneous Expense
Depreciation Expense
Freight-In
Janitorial Supplies Expense
Date OR No.
200x
4-Dec 201
4-Dec 202
5-Dec
13-Dec 203
17-Dec 204
19-Dec
28-Dec
Total
LION TOYLAND
CASH RECEIPTS JOURNAL

Debits
Particulars PR
Cash
Cash collection 39,200

Cash sale 67,200
Cash sale 100,800
Cash sale 56,000
333,200
ON TOYLAND
IPTS JOURNAL
Debits Credits
Output Tax Sales Discount Sales Output Tax
86 714
60,000 7,200
90,000 10,800
50,000 6,000
86 714 200,000 24,000
ts
Accounts
Receivable
40,000
20,000
15,000
35,000
110,000 0.00
CAS
Date Check No.
200x
4-Dec 12340
4-Dec 12341
4-Dec 12342
5-Dec 12343
8-Dec 12344
8-Dec 12345
11-Dec 12346
13-Dec 12347
15-Dec 12348
15-Dec
24-Dec 12350
24-Dec 12351
30-Dec 12352
30-Dec 12353
30-Dec 12354
30-Dec 12356
30-Dec 12357
30-Dec 12358
Total
LION TOYLAND
CASH PAYMENTS JOURNAL

Debit Credits
Particulars PR Accounts
Cash
Payable
Payment 20,000 20,000

Rent Payment 4,464
Payment 5,000 5,000
Freight out 2,000
Electricity 4,464
Sales return 6,000
Freight out 1,071
Payment 15,000 14,700
15-day salaries 23,500
Freight In 1,500
Payment 112,000 112,000
Payment 42,586 40,457
15-day salaries 25,000
13th month pay 50,000
Office supplies purchase 4,464
SSS 5,000
Pag-ibig 1,000
Philhealth 1,200
194,586 321,821
ND
NAL
Credits
Purchase
Input Tax Sundry (Debit)
Discount
536 5,000
240 2,240
536 5,000
643 6,643
129 1,200
32 268
23,500
1,500
228 1,901
25,000
50,000
536 5,000
5,000
1,000
1,200
2,879 2,169 132,283
0.00
LION
PU
Date Customer
200x
4-Dec Happy Toys Inc.
15-Dec Durable Toys Co.
30-Dec Reliable Security Equipment
Total
LION TOYLAND
PURCHASES JOURNAL
Debits
Invoice No. PR
Purchases Input Tax
123 100,000 12,000

456 40,000 4,800
quipment 1,200
140,000 18,000
bits Credit
Accounts
Sundry
Payable
112,000
44,800
10,000 11,200
10,000 168,000 0.00
LION
SALE
Date Customer
200x
5-Dec North Gaming Co.
11-Dec South Border
28-Dec East Toys Co.
28-Dec Pointer Amusement
Total
LION TOYLAND
SALES JOURNAL
Debit Credits
Post.
Invoice No. Accounts
Ref. Output Tax
Receivable
501 123,200 13,200

502 105,000 11,250
503 56,000 6,000
504 84,000 9,000
368,200 39,450
Credits
Sales
110,000
93,750
50,000
75,000
328,750 0.00
LION TOYLAND
GENERAL JOURNAL
Date Particulars
200x
11-Dec Accounts Receivable - South Border
Freight Out
15-Dec Salaries Expense

Pag-IBIG Premium Payable
SSS Premium Payable
Salaries Payable
15-Dec De Leon, Drawing

Cash
15-Dec Sales Returns and Allowances

Output VAT
Accounts Receivable - South Border
19-Dec Accounts Payable - Durable Toys Co.

Purchases Return and Allowances
Input VAT
30-Dec Salaries Expense

SSS Premium Payable
Salaries Payable
30-Dec SSS Premium Expense

Pag-IBIG Premium Expense
SSS Premium Payable
30-Dec Repair & Maintenance

Sales Supplies Expense
Cash
31-Dec Income Summary

Merchandise Inventory, beg
Merchandise Inventory, end

Income Summary

Supplies on Hand
Advertising Expense
Prepaid Advertising
Bad Debts Expense

Utilities Expense
Accounts Payable
Prepaid Rent
Rent Expense
31-Dec Merchandise Inventory, End

Sales
Purchases Returns and Allowances
Purchase Discounts
Income Summary

Merchandise Inventory, Beg.
Sales Discounts
Purchases
Freight In
Freight Out
SSS Premium Expense
Pag-IBIG Premium Expense
Salaries Expense
Rent Expense
Insurance Expense
Utilities Expense
13th Month Pay
Repairs and Maintenance
Advertising Expense
Bad Debts Expense

De Leon, Capital
31-Dec De Leon, Capital

De Leon, Drawing
TOYLAND
ERAL JOURNAL
F Debit Credit
1,200
1,200
26,500
2,000
500
500
23,500
20,000
20,000
4,018
482
4,500
2,214
2,000
214
28,700
2,500
600
600
25,000
5,000
1,000
1,200
5,000
1,000
1,200
2,000
500
3,500
150
1,500
7,650
100,000
100,000
367,000
367,000
8,000
8,000
16,000
16,000
20,245
20,245
16,250
Store Equipment 16,250
2,000
2,000
5,000
5,000
367,000
2,828,750
17,000
22,169
3,234,919
2,888,660
100,000
12,661
4,714
1,940,000
31,500
2,240
5,000
1,000
1,200
555,200
70,000
40,000
7,000
50,000
2,000
500
8,150
3,500
1,500
16,000
20,245
16,250
346,259
346,259
160,000
160,000
LION TOYLAN
Petty Cash Record

Date
200x
30-Nov
23-Dec
23-Dec
23-Dec
30-Dec
30-Dec
30-Dec
30-Dec
LION TOYLAND
Petty Cash Record

Particulars Deposited Withdrawn Balance
10000.00
Repair of office equipement 2000 8000.00
Sales supplies 500 7500.00
Testimonial party expense 3000 4500.00
Office supplies 150 4350.00
Janitorial supplies expense 1,500.00 2850.00
Recognition certificate 500 2350.00
Replenishment 7650.00 10000.00
ACCOUNTS RECEIVABLE
Name: North Gaming Co.

Address: R. Palma St., Morong, Rizal
Date Explanation
200x
30-Nov
4-Dec
5-Dec
Name: South Border Inc.

Address: Tupas St., Morong, Rizal
Date Explanation
200x
30-Nov
11-Dec Sale
11-Dec Freight prepaid
15-Dec Sales Return
17-Dec Collection
Name: East Toys Co.

Address: Plaza Aldea, Tanay, Rizal
Date Explanation
200x
30-Nov
13-Dec Collection
28-Dec Charge sale
Name: West Side Co.
Address: Wawa, Pililla, Rizal
Date Explanation
200x
30-Nov
Name: Pointer Amusement

Address:
Date Explanation
200x
30-Nov
4-Dec
28-Dec Charge Sale
RECEIVABLE SUBSIDIARY LEDGERS
Terms: 2/15, n/30

orong, Rizal
Ref. Debit Credit Balance
40000.00
40000.00 0.00
123200.00 123200.00
Terms: 2/15, n/30

ng, Rizal
35000.00
105000.00 140000.00
CPJ07 1200.00 141200.00
4500.00 136700.00
35000.00 101700.00
Terms: 2/15, n/30

nay, Rizal
30000.00
15000.00 15000.00
56000.00 71000.00
Terms: 2/15, n/30
25000.00
Terms: 2/15, n/30
20000.00
20000.00 0.00
SJ04 84000.00 84000.00
LION TOYLAND
Schedule of Accounts Receivable
December 31, 200x
North Gaming Co. 123200.00

South Border Inc. 101700.00
East Toys Co. 71000.00
West Side Co. 25000.00
Pointer Amusement 84000.00
Total 404900.00
CHECKING:
404900.00
-404900.00
0.00
ACCOUNTS PAYABLE S
Name: Happy Toys Inc.

Address: Binondo, Manila
Date Explanation
200x
30-Nov
4-Dec
4-Dec
24-Dec
Name: Durable Toys Co.

Address: Divisoria, Manila
Date Explanation
200x
30-Nov
13-Dec
15-Dec
19-Dec
24-Dec
Name: Precision Games

Address:
Date Explanation
200x
30-Nov
4-Dec
Name: Reliable Security Equipment
Address:
Date Explanation
200x
30-Dec
TS PAYABLE SUBSIDIARY LEDGERS
Terms: 2/10, n/30

, Manila
20000.00
112000.00 132000.00
20000.00 112000.00
112000.00 0.00
Toys Co. Terms: 2/10/2016

a, Manila
15000.00
CPJ08 15000.00 0.00
44800.00 44800.00
DM310 2214.00 42586.00
42586.00 0.00
n Games Terms: 2/10/2016
5000.00
5000.00 0.00
Security Equipment Terms: n/30
11200.00 11200.00
LION TOYLAND
Schedule of Accounts Payable
December 31, 200x
Reliable Security Equipment 11200.00
Total 11200.00
CHECKING:
11200.00
-11200.00
0.00
GENERA
Cash
Date
200x
30-Nov
31-Dec
31-Dec
Petty Cash Fund

Date
200x
30-Nov
Accounts Receivable
Date
200x
30-Nov
Date
200x
31-Dec
Date
200x
1-Jan
31-Dec
31-Dec
Prepaid Rent
Date
200x
31-Dec
Prepaid Advertising
Date
200x
30-Nov
31-Dec
Supplies on Hand
Date
200x
30-Nov
31-Dec
Store Equipment
Date
200x
30-Nov
Accumulated Depreciation - Store Eq

Date
200x
31-Dec
Security Equipment
Date
200x
30-Dec
Office Furniture
Date
200x
30-Nov
Accumulated Depreciation - Office Fu

Date
200x
Accounts Payable
Date
200x
30-Nov
19-Dec
31-Dec
31-Dec
31-Dec
Notes Payable
Date
200x
30-Nov
Salaries Payable
Date
200x
15-Dec
15-Dec
30-Dec
30-Dec

Date
200x
15-Dec
30-Dec

Date
200x
15-Dec
30-Dec
30-Dec
30-Dec
SSS Premium Payable
Date
200x
15-Dec
30-Dec
30-Dec
30-Dec

Date
200x
30-Dec
30-Dec
VAT Payable
Date
200x
31-Dec
Input Tax Payable

Date
200x
19-Dec
31-Dec
31-Dec
Output Tax Payable
Date
200x
4-Dec
15-Dec
31-Dec
31-Dec
De Leon, Capital
Date
200x
30-Nov
De Leon, Drawing
Date
200x
30-Nov
15-Dec
Sales
Date
200x
30-Nov
31-Dec
31-Dec
Date
200x
30-Nov
8-Dec
30-Dec
Sales Discounts
Date
200x
30-Nov
31-Dec
Freight-Out
Date
200x
5-Dec
11-Dec
11-Dec
Purchases
Date
200x
30-Nov
31-Dec
Purchase Returns & Allowances

Date
200x
30-Nov
19-Dec
Purchase Discounts
Date
200x
30-Nov
31-Dec

Date
200x
31-Dec
31-Dec
SSS Premium Expense

Date
200x
30-Dec

Date
200x
30-Dec

Date
200x
30-Dec
Salaries Expense
Date
200x
30-Nov
15-Dec
30-Dec
Rent Expense
Date
200x
30-Nov
4-Dec
31-Dec
Insurance Expense
Date
200x
30-Nov
Utilities Expense
Date
200x
8-Dec
31-Dec
13th Month Pay

Date
200x
30-Dec

Date
200x
30-Dec

Date
200x
30-Dec

Date
200x
30-Dec
31-Dec
Date
200x
30-Dec
Date
200x
31-Dec
Freight-In
Date
200x
30-Nov
15-Dec

Date
200x
30-Dec
Advertising Expense
Date
200x
31-Dec
Bad Debts Expense

Date
200x
31-Dec
GENERAL LEDGER
Cash
Explanation F Debit
Beginning balance
Cash receipts 333200.00
Cash disbursements
Drawing
Petty Cash Fund replenishment
Petty Cash Fund

Explanation F Debit
Beginning balance
Accounts Receivable
Explanation F Debit
Beginning balance
Cash collections
Credit sales 368200.00
Freight out 1200.00
Sales Return
Explanation F Debit
Adjusting Entry
Explanation F Debit
Beginning balance
Remove beginning balance
Establish ending balance 367000.00
Prepaid Rent
Explanation F Debit
Adjusting Entry 5000.00
Prepaid Advertising
Explanation F Debit
Beginning balance
Adjusting Entry
Supplies on Hand
Explanation F Debit
Beginning balance
Supplies purchased 5000
Adjusting Entry
Store Equipment
Explanation F Debit
Beginning balance

Explanation F Debit
Adjusting Entry
Security Equipment
Explanation F Debit
Purchase 10000
Office Furniture
Explanation F Debit
Beginning balance
Accumulated Depreciation - Office Furniture

Explanation F Debit
Accounts Payable
Explanation F Debit
Beginning balance
Purchase return 2214
Cash payment 194586
Credit purchases
Adjusting entry
Notes Payable
Explanation F Debit
Beginning balance
Salaries Payable
Explanation F Debit
Payroll
15-day salaries payment 23500
Payroll
15-day salaries payment 25000

Explanation F Debit
Payroll
Payroll

Explanation F Debit
Payroll
Payroll
Employer's share
Payment 1000
SSS Premium Payable
Explanation F Debit
Payroll
Payroll
Employer's share
Payment 5000

Explanation F Debit
Employer's share
Payment 1200
VAT Payable
Explanation F Debit
14907
Input Tax Payable

Explanation F Debit
Purchase return
Cash Payment
Purchase Tax 18000
Output Tax Payable
Explanation F Debit
Sales Discount 86
Sales Return 482
Cash sale
Sales Tax
De Leon, Capital
Explanation F Debit
Beginning balance
De Leon, Drawing
Explanation F Debit
Beginning balance
Withdrew for personal use 20000
Sales
Explanation F Debit
Beginning balance
Cash sales
Credit sales
Explanation F Debit
Beginning balance
Returned defective toys 6643
Returned defective toys 4018
Sales Discounts
Explanation F Debit
Beginning balance
Credit Sale Discount 714
Freight-Out
Explanation F Debit
Sale freight, FOB Destination 2240

Sale freight, FOB Shipping point, Freight Prepaid 1200
Charged to customer's receivable
Purchases
Explanation F Debit
Beginning balance
Credit Purchases 140000

Explanation F Debit
Beginning balance
Return of defective toys
Purchase Discounts
Explanation F Debit
Beginning balance
Credit purchase discount

Explanation F Debit
Remove beg, balance of merchandise inv. 100000.00

Establish ending balance of merchandise inv.
SSS Premium Expense

Explanation F Debit
Employer's share 5000

Explanation F Debit

Explanation F Debit
Salaries Expense
Explanation F Debit
Beginning balance
Payroll 26500
Payroll 28700
Rent Expense
Explanation F Debit
Beginning balance
Store space payment 5000
Adjusting entry
Insurance Expense
Explanation F Debit
Beginning balance
Utilities Expense
Explanation F Debit
Electricity 5000
Adjusting Entry 2000
13th Month Pay

Explanation F Debit
13th Month Pay for 2016 50000

Explanation F Debit
Repair of office equipment 2000

Explanation F Debit
Sales supplies 500

Explanation F Debit
150
Explanation F Debit
Testimonial party expense & recognition certificate 3500
Explanation F Debit
Adjusting Entry 16250.00
Freight-In
Explanation F Debit
Beginning balance
Freight 1500

Explanation F Debit
1500
Advertising Expense
Explanation F Debit
Bad Debts Expense

Explanation F Debit

DGER
No. 100
Credit Balance
100000.00
433200.00
321820.99 111379.01
20000.00 91379.01
7650.00 83729.01
No. 101
Credit Balance
10000.00
No. 102
Credit Balance
150000.00
110000.00 40000.00
408200.00
409400.00
4500.00 404900.00
No. 103
Credit Balance
20,245 20245.00
No. 104
Credit Balance
100000.00
100000.00 0.00
367000.00
No. 105
Credit Balance
5000.00
No. 106
Credit Balance
24000.00
16000.00 5000.00
No. 107
Credit Balance
5000
10000
8000 2000
No. 110
Credit Balance
200000
nt No. 111
Credit Balance
16250.00 16250.00
No. 112
Credit Balance
10000
No. 113
Credit Balance
50000
No. 114
Credit Balance
No. 200
Credit Balance
40000
37786
-156800
168000 11200
2000 13200
No. 201
Credit Balance
500000
No. 202
Credit Balance
23500 23500
0
25000 25000
0
No. 203
Credit Balance
2000 2000
2500 4500
No. 204
Credit Balance
500 500
600 1100
1000 2100
1100
No. 205
Credit Balance
500 500
600 1100
5000 6100
1100
No. 206
Credit Balance
1200 1200
0
No. 207
Credit Balance
62882 47975
No. 207-1
Credit Balance
214 -214
2879 -3093
14907
No. 207-2
Credit Balance
-86
-568
24000 23432
39450 62882
No. 300
Credit Balance
350000
No. 301
Credit Balance
140000
160000
No. 600
Credit Balance
2300000
200000 2500000
328750 2828750
No. 601
Credit Balance
2000
8643
12661
No. 602
Credit Balance
4000
4714
No. 604
Credit Balance
2240
3440
1200 2240
No. 700
Credit Balance
1800000
1940000
No. 701
Credit Balance
15000
2000 17000
No. 702
Credit Balance
20000
2169 22169
No. 703
Credit Balance
-100000.00
367000.00 267000.00
0.00
No. 704
Credit Balance
5000
No. 705
Credit Balance
1000
No. 706
Credit Balance
1200
No. 800
Credit Balance
500000
526500
555200
No. 801
Credit Balance
70000
75000
5000.00 70000
No. 802
Credit Balance
40000
No. 803
Credit Balance
5000
7000
No. 804
Credit Balance
50000
No. 805
Credit Balance
2000
No. 806
Credit Balance
500
No. 807
Credit Balance
150
8150
No. 808
Credit Balance
3500
No. 809
Credit Balance
16250.00
No. 810
Credit Balance
30000
31500
No. 811
Credit Balance
1500
No. 812
Credit Balance
16000
No. 813
Credit Balance
20245
Checking:
Debit Credit Should be
3783794.30 3783794.30
Discrepancy
0.00
Trial Balance
ACCOUNT NAME
Debit
Cash 83729
Petty Cash Fund 10000
Accounts Receivable 404900
Merchandise Inventory 100000
Prepaid Advertising 24000
Supplies on Hand 10000
Store Equipment 200000
Security Equipment 10000
Office Furniture 50000
Accounts Payable
Notes Payable
SSS Premium Payable
VAT Payable
De Leon, Capital
De Leon, Drawing 160000
Sales
Sales Returns and Allowances 12661
Sales Discounts 4714
s Freight-Out 2240
Purchases 1940000
Purchase Discounts
a SSS Premium Expense 5000
a Pag-ibig Premium Expense 1000
a Philhealth Premium Expense 1200
a Salaries Expense 555200
a Rent Expense 75000
a Insurance Expense 40000
a Utilities Expense 5000
a 13th Month Pay 50000
a Repairs & Maintenance 2000
s Sales Supplies Expense 500
s Office Supplies Expense 150
s Miscellaneous Expense 3500
Freight-In 31500
a Janitorial Supplies Expense 1500
s Advertising Expense
a Bad Debts Expense
a Depreciation Expense - Store Equipment
Prepaid Rent
3783794
Profit
0.00
LION TOYLAND
Worksheet
For the month ended
Trial Balance Adjustments Adjusted Trial Balance

Credit Debit Credit Debit
83729
10000
404900
100000
16000.00 8000
8000.00 2000
200000
10000
50000
11200 2000.00
500000
4500
1100
1100
47975
350000
160000
2828750
12661
4714
2240
1940000
17000
22169
5000
1000
1200
555200
5000.00 70000
40000
2000.00 7000
50000
2000
500
8000.00 8150
3500
31500
1500
16000.00 16000
20245.00 20245
20245.00
16250.00 16250
16250.00
5000.00 5000
3783794 67495.00 67495.00 3822289

ND
ed
sted Trial Balance Income Statement Balance Sheet

Credit Debit Credit Debit
83729
10000.00
404900.00
100000.00 367000.00 367000.00
8000.00
2000.00
200000.00
10000.00
50000.00
13200
500000
4500
1100
1100
47975
350000
160000.00
2828750 2828750.00
12661.00
4714.29
2240.00
1940000.00
17000 17000.00
22169 22169.02
5000.00
1000.00
1200.00
555200.00
70000.00
40000.00
7000.00
50000.00
2000.00
500.00
8150.00
3500.00
31500.00
1500.00
16000.00
20245.00
20245
16250.00
16250
5000.00
3822289 2888660.29 3234919.02 1300629.01

346258.73
3234919.02 3234919.02 1300629.01

Balance Sheet
Credit
13200.00
500000.00
4500.00
1100.00
1100.00
47975.28
350000.00
20245.00
16250.00
954370.28
346258.73
1300629.01
LION TOYLAND
Income Statement
For the Year Ended December 31, 2016
Net Sales
Cost of Sales
Gross Profit
Selling Expenses
General & Administrative Expenses
Net Income before tax
Gross Sales
Less: Sales Returns and Allowances
Sales Discounts
Net Sales
Merchandise Inventory, 1/1/2016

Purchases
Less: Purchase Returns and Allowances
Purchase Discounts
Net Purchases
Freight In
Net Cost of Purchases
Goods Available for Sale
Less: Merchandise Inventory, 12/31/2016
Cost of Sales
OYLAND
tatement
December 31, 2016
2,811,374.71
1665330.98
1,146,043.73
30390.00
769395.00
346,258.73
2828750.00 Freight Out

12661.00 Sales Supplies Expense
4714.29 Office Supplies Expense
2811374.7142857 Miscellaneous Expense
Advertising Expense
100000.00 Total Selling Expenses
1940000.00
17000.00 SSS Premium Expense
22169.02 Pag-IBIG Premium Expense
1900830.98 Philhealth Premium Expense
31500.00 Salaries Expense
1932330.98 Rent Expense
2032330.98 Insurance Expense
367000.00 Utilities Expense
1665330.98 13th Month Pay
Bad Debts Expense
Depreciation Expense - Store E
Total General and Adminsitrativ
Total Operating Expenses

2240.00
pplies Expense 500.00
pplies Expense 8150.00
neous Expense 3500.00
ng Expense 16000.00
ing Expenses 30390
mium Expense 5000.00

G Premium Expense 1000.00
h Premium Expense 1200.00
555200.00
70000.00
e Expense 40000.00
7000.00
50000.00
& Maintenance 2000.00
Supplies Expense 1500.00
ts Expense 20245.00
tion Expense - Store Equipment 16250.00
neral and Adminsitrative Expenses 769395
erating Expenses 799785

LION TOYLAND
Statement of Financial Position
December 31, 2016
Assets
Current Assets:
Cash
Petty Cash Fund
Accounts Receivable
Less: Allowance for Bad Debts
Prepaid Advertising
Prepaid Rent
Supplies on Hand
Total Current Assets
Non-Current Assets:
Store Equipment
Less: Accumulated Depreciation
Security Equipment
Office Furniture
Total Non-Current Assets
TOTAL ASSETS
LIABILITIES AND OWNER'S EQUITY
Liabilities:
Accounts Payable
Notes Payable
SSS Premium Payable
VAT Payable
Total Liabilities
Owner's Equity:
De Leon, Capital
TOTAL LIABILITY AND OWNER'S EQUITY

OYLAND
nancial Position
31, 2016
83729
10000
404900
20245
367000
8000
5000
2000
860384.01
200000.00
16250.00
10000.00
50000.00
243750.00
1104134.01
OWNER'S EQUITY
13200.00
500000.00
4500.00
1100.00
1100.00
47975.28
567875.28
536258.73
1104134.01
LION TOYLAND
Statement of Changes in Owner'
For the Year Ended December 31
De Leon, Capital, 11/30/2016

Add: Profit
Total
Less: Withdrawals
De Leon, Capital, 12/31/2016
LION TOYLAND
of Changes in Owner's Equity
r Ended December 31, 2016
350000.00
346258.73
696,258.73
160000.00
536258.73
LION TOYLAND
Post Closing Trial Balance
December 31, 2016
Accounts
Cash
Petty Cash Fund
Accounts Receivable
Prepaid Advertising
Prepaid Rent
Supplies on Hand
Store Equipment
Security Equipment
Office Furniture
Accounts Payable
Notes Payable
SSS Premium Payable
VAT Payable
De Leon, Capital
Total
TOYLAND
ng Trial Balance
ber 31, 2016
Debit Credit
83729.01
10000.00
404900.00
20245.00
367000.00
8000.00
5000.00
2000.00
200000.00
16250.00
10000.00
50000.00
13200.00
500000.00
4500.00
1100.00
1100.00
47975.28
536258.73
1140629.01 1140629.01

AIS Ex

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

AIS Ex

Uploaded by

Copyright:

Available Formats

Lion Toyland

Account Title Debit

Account No. Account Name Check No.

Pay to the Order of Happy Toys Inc.

Account No. Account Name Check No.

Pay to the Order of Erlinda De Jesus

Pay to the Order of Precision Games

Account No. Account Name Check No.

Pay to the Order of Allied Brokerage

Account No. Account Name Check No.

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Pay to the Order of South Border

Account No. Account Name Check No.

Pay to the Order of Durable Toys Co.

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Pay to the Order of Franco De Leon

Account No. Account Name Check No.

Pay to the Order of Happy Toys

Pay to the Order of Durable Toys Co.

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Account No. Account Name Check No.

Pay to the Order of Alpha Supplies Co.

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Pay to the Order of

Account No. Account Name Check No.

Pay to the Order of

December 11, 2016

Received from North Gaming of

the sum of Forty thousand Pesos

Received from Pointer Amusement of

the sum of Twenty thousand Pesos

Received from East Toys of

the sum of Fifteen thousand Pesos

Received from South Border of

the sum of Thirty-five thousand pesos

Date December 4, 2016

Date December 4, 2016

Date December 13, 2016

Date December 17, 2016

Charge Sales Invoice

Sold To North Gaming Co.

Qty. Unit Description

Received the above go

Charge Sales Invoice

Sold To South Border

Qty. Unit Description

Received the above go

Charge Sales Invoice

Sold To East Toys Co.

Received the above go

Charge Sales Invoice

Sold To Pointer Amusement

Qty. Unit Description