Teresita Buenafor Shoes

Journal
Feb. Account Title Debit Credit
1 Cash 113,000
Accounts Receivable 1 1 3 ,0 0 0
Collectons from cusomers on accoun 
 Accounts Receivable ! " ,0 0 0
#urchases Discounts 1 ,$  0
Cash !  ,0 % 0
Paid accouns due less discouns of 3%
" #urchases 1&0,000
Accounts #a'able 1 & 0 ,0 0 0
Purchased merchandise on accoun, FOB shipping poin; 3/10, n/30
( Accounts
Accounts Receivable
Receivable
Sales
old merchandise on accoun o !on"ales #nc$, FOB shippining poin; /10, n/30
& Adver)sin* +-ense ! ,0 0 0
Cash ! ,0 0 0
Paid for ad&ertsing for he monh of Fe'ruar( 
& Cash (0,000
Sales  ( 0 ,0 0 0
old merchandise for cash
% Accounts #a'able 1&0,000
#urchases Discounts ( ,1 0 0
Cash 1 ! " ,$ 0 0
Paid he amoun due from Fe'$ ) ransacton
$ Trans-orta)on n " ,0 0 0
Cash " ,0 0 0
Paid #loilo Freigh for deli&ering merchandise las Fe'$ )
10 Sales Return and Allo/ances & 0 ,0 0 0
Accounts Receivable & 0 ,0 0 0
*ecei&ed reurns from he !on"ales #nc$
1 Sales Discounts " ,0 0 0
Cash 1$!,000
Accounts Receivable  0 0 ,0 0 0
*ecei&ed pa(men from he !on"ales #nc$ less reurns and discouns
1" nterest +-ense  ! ,0 0 0
Cash  ! ,0 0 0
Pa(men of ineres on he morgage pa(a'le
1( Salaries +-ense ( 1 ,0 0 0
Cash ( 1 ,0 0 0
Paid salaries
1! Accounts Receivable 3$,000
Sales 3 $  ,0 0 0
old merchandise on accoun o *on"ales Corp$, FOB destnaton; /10, n/30
1% Trans-orta)on ut " ,0 0 0
Cash " ,0 0 0
Paid freigh charges on he sale of Fe'$ 1+
1$ Su--lies  1 ,0 0 0
Cash  1 ,0 0 0
 c-uired supplies for cash
cash
0 #urchases 1(,000
Accounts #a'able 1  ( ,0 0 0
Purchased merchandise from .o"ada #mpors on accoun, FOB destnaton; 3/10, n/30
 iscellaneous +-ense & ,0 0 0
Cash & ,0 0 0
Paid miscellaneous epense
3 Sales Discounts & ,% " 0
Cash 3%",1!0
Accounts Receivable 3 $  ,0 0 0
*ecei&ed pa(men from he *on"ales Corp$, less % discoun 
" #urchases 3&3,000
Accounts #a'able 3 & 3 ,0 0 0
Purchased merchandise on accoun from gustn nerprises, FOB shipping poin; 3/10, n/30
" Trans-orta)on n $ ,0 0 0
Cash $ ,0 0 0
Paid .a Pa" press for deli&ering merchandise ac-uired from gustn
( Accounts Receivable "0,000
Sales "  0 ,0 0 0
old merchandise o *on"ales Corp$ on accoun, FOB shipping poin; /10, n/30
! Sales Return and Allo/ances & 1 ,0 0 0
Accounts Receivable & 1 ,0 0 0
*ecei&ed reurns from he *on"ales Corp$
% Buenafor, 2ithdra/als "00,000
Cash " 0 0 ,0 0 0
Buenaor 2ihdre2 cash from he 'usiness
% Accounts #a'able  ( ,0 0 0
#urchases Returns and Allo/ances  ( ,0 0 0
*eurned merchandise purchased from gustn on Fe'$ )
 Teresita Buenafor Shoes
ed*er
Acct. No. Account Title/Descripon
110 Cash
0401 Be*innin* balance
0401 Collec)on 5ro6 custo6ers on account
040 #aid accounts due less discounts o5 37
040& #aid 5or adver)sin* 5or the 6onth o5 Februar'
040& Sold 6erchandise 5or cash
040% #aid the a6ount due 5ro6 the Feb. " transac)on
040$ #aid loilo Frei*ht 5or deliverin* 6erchandise last Feb. "
041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts
041" #a'6ent o5 interest on the 6ort*a*e -a'able
041( #aid salaries
041% #aid 5rei*ht char*es on the sale o5 Feb. 1!
041$ Ac:uired su--lies 5or cash
04 #aid 6iscellaneous e-ense
043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount
04" #aid a #a9 +-ress 5or deliverin* 6erchandise ac:uired 5ro6 A*us)n
04% Buenafor /ithdre/ cash 5ro6 the business

120 Accounts Receivable

0401 Be*innin* balance
0401 Collec)on 5ro6 custo6ers on account
040( Sold 6erchandise on account to 8on9ales nc., FB shi--in* -oint; <10, n<30
0410 Received returns 5ro6 the 8on9ales nc.
041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts
041! Sold 6erchandise on account to Ron9ales Cor-., FB des)na)on; <10, n<30
043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount
04( Sold 6erchandise to Ron9ales Cor-. on account, FB shi--in* -oint; <10, n<30
04! Received returns 5ro6 the Ron9ales Cor-.

130 Merchandise nventor!

0401 Be*innin* balance
 1"0 #upplies
0401 Be*innin* balance
041$ Ac:uired su--lies 5or cash

1$0 %repaid nsurance

0401 Be*innin* balance

1&0 'and
0401 Be*innin* balance

1(0 )uildin*
0401 Be*innin* balance

1($ Accu+ulated Depreciaon , )uildin*

0401 Be*innin* balance

1-0 uip+ent
0401 Be*innin* balance

1-$ Accu+ulated Depreciaon , uip+ent

0401 Be*innin* balance
 210 Accounts %a!able
0401 Be*innin* balance
040 #aid accounts due less discount o5 37
040" #urchased 6erchandise, FB shi--in* -oint; 3<10, n<30
040% #aid the a6ount due 5ro6 Feb. " transac)on
040 #urchased 6erchandise 5ro6 o9ada 6-orts on account, FB des)na)on; 3<10, n<30
04" #urchased 6erchandise on account 5ro6 A*us)n +nter-rises, FB shi--in* -oint; 3<10, n<30
04% Returned 6erchandise -urchased 5ro6 A*us)n on Feb. "

220 #alaries %a!able

230 Mort*a*e %a!able

0401 Be*innin* balance

310 )uenaor Capital

0401 Be*innin* balance

320 )uenalor ithdra4als

04% Buenafor /ithdre/ cash 5ro6 the business

330 nco+e #u++ar!

"10 #ales
040( Sold 6erchandise on account to 8on9ales nc., FB shi--in* -oint; <10, n<30
040& Sold 6erchandise 5or cash
041! Sold 6erchandise on account to Ron9ales Cor-., FB des)na)on; <10, n<30
04( Sold 6erchandise to Ron9ales Cor-. on account, FB shi--in* -oint; <10, n<30

"20 #ales Returns and Allo4ances

0410 8on9ales nc. returned 6erchandise
04! Received returns 5ro6 the Ron9ales Cor-.

"30 #ales Discounts

041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts
043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount

$10 %urchases
040" #urchased 6erchandise on account, FB shi--in* -oint; 3<10, n<30
040 #urchased 6erchandise 5ro6 o9ada 6-orts on account, FB des)na)on; 3<10, n<30
04" #urchased 6erchandise on account 5ro6 A*us)n +nter-rises, FB shi--in* -oint; 3<10, n<30

$20 %urchases Returns and Allo4ances

04% Returned 6erchandise -urchased 5ro6 A*us)n on Feb. "

$30 %urchases Discounts

040 #aid accounts due less discount o5 37
040% #aid the a6ount due 5ro6 Feb. " transac)on *ran)n* 37 discount

$"0 Transportaon n
040$ #aid loilo Frei*ht 5or deliverin* 6erchandise last Feb. "
04" #aid a #a9 +-ress 5or deliverin* 6erchandise ac:uired 5ro6 A*us)n
 &10 #alaries 5pense
041( #aid salaries

&20 #upplies 5pense

&30 nsurance 5pense

&"0 Depreciaon 5pense , )uildin*

&$0 Depreciaon 5pense , uip+ent

&&0 Transportaon 6ut

041% #aid 5rei*ht char*es on the sale o5 Feb. 1!

&(0 Adversin* 5pense

040& #aid 5or adver)sin* 5or the 6onth o5 Februar'

&-0 nterest 5pense

041" #a'6ent o5 interest on the 6ort*a*e -a'able
 &70 Miscellaneous 5pense
04 #aid 6iscellaneous e-ense
Debit Credit )alance

33,000 33,000
113,000 1"!,000
!,0%0 %3,$0
!,000 &&,$0
(0,000 3&,$0
1!",$00 1!3,00
",000 1($,00
1$!,000 3((,00
!,000 3$,00
(1,000 &%,00
",000 &",00
1,000 (3,00
&,000 "!,00
3%",1!0 !30,1%0
$,000 !1,1%0
"00,000 2211-0

1$,000 1$,000
113,000 &$,000
&0,000 3"$,000
&0,000 &$,000
00,000 &$,000
3$,000 "&1,000
3$,000 &$,000
"0,000 "$$,000
&1,000 "2-000

"13,000 "13000
 (1,000 (1,000
1,000 (2000

"%,000 "-000

"!0,000 "&0000

1,&(0,000 1($0000

3(0,000 3$0000

,310,000 2310000

!30,000 &30000
 10%,000 10%,000
!",000 "",000
1&0,000 1",000
1&0,000 "",000
1(,000 1!$,000
3&3,000 (",000
(,000 $1(000

,!00,000 2&00000

1,(!$,000 1$&7000

"00,000 "00000
 &0,000 &0,000
(0,000 (0,000
3$,000 $1,000
"0,000 1332000

&0,000 &0,000
&1,000 1"1000

",000 ",000
&,%"0 11-"0

1&0,000 1&0,000
1(,000 $(,000
3&3,000 &&-000

(,000 2$000

1,$0 1,$0
(,100 (020

",000 ",000
$,000 13000
  (1,000 $1000

",000 "000

!,000 &000

!,000 2&000
  &,000 (000
 Teresit

Feb
>nad?usted Trial Balance Ad?ust6e
Account Title D+BT CR+DT D+BT
110 Cash 1,1%0
10 Accounts Receivable "%,000
130 erchandise nventor' "13,000
1"0 Su--lies &,000 d
1(0 #re-aid nsurance "%,000 b
1!0 and "!0,000
1&0 Buildin* 1,&(0,000
1&( Accu6ulated De-recia)on 4 Buildin* 3(0,000 c
1%0 +:ui-6ent ,310,000
1%( Accu6ulated De-recia)on 4 +:ui-6ent !30,000 c
10 Accounts #a'able (1&,000
0 Salaries #a'able a
30 ort*a*e #a'able ,!00,000
310 Buenafor, Ca-ital 1,(!$,000
30 Buenafor, 2ithdra/als "00,000
330 nco6e Su66ar'
"10 Sales 1,33,000
"0 Sales Returns and Allo/ances 1"1,000
"30 Sales Discounts 11,%"0
(10 #urchases !!%,000
(0 #urchases Returns and Allo/ances (,000
(30 #urchases Discounts &,00
("0 Trans-orta)on n 13,000
!10 Salaries +-ense (1,000 a (1,000
!0 Su--lies +-ense d (%,000
!30 nsurance +-ense b ,000
!"0 De-recia)on +-ense 4 Buildin* c $,000
!(0 De-recia)on +-ense 4 +:ui-6ent c 1,000
!!0 Trans-orta)on ut ",000
!&0 Adver)sin* +-ense !,000
!%0 nterest +-ense !,000
!$0 iscellaneous +-ense &,000
TTA &,030,00 &,030,00 13,000
@+T @C+
TTA
 Buen5alor Shoes
2or=sheet
ruar' %, 01(
nts Ad?usted Trial Balance nco6e State6ent Balanc
CR+DT D+BT CR+DT D+BT CR+DT D+BT
1,1%0 1,1%0
"%,000 "%,000
"13,000 "13,000 3$&,000 3$&,000
(%,000 1",000 1",000
,000 "!,000 "!,000
"!0,000 "!0,000
1,&(0,000 1,&(0,000
$,000 3($,000
,310,000 ,310,000
1,000 !",000
(1&,000
(1,000 (1,000
,!00,000
1,(!$,000
"00,000 "00,000

1,33,000 1,33,000
1"1,000 1"1,000
11,%"0 11,%"0
!!%,000 !!%,000
(,000 (,000
&,00 &,00
13,000 13,000
10,000 10,000
(%,000 (%,000
,000 ,000
$,000 $,000
1,000 1,000
",000 ",000
!,000 !,000
!,000 !,000
&,000 &,000
13,000 &,10,00 &,10,00 1,"&,%"0 1,&!1,00 !,0!,1%0
%%,1%0
1,&!1,00 1,&!1,00 !,0!,1%0
 Sheet
CR+DT

  3($,000

!",000
(1&,000
(1,000
,!00,000
1,(!$,000

(,&3%,000
%%,1%0
!,0!,1%0
 Teresita Buenafor Shoes
nco6e State6ent
For the onth +nded Februar' %, 01(

Sales
Sales Discounts 11,%"0
Sales Returns and Allo/ances 1"1,000
Total Deduc)ons 5or Sales
@et Sales
Cost o5 Sales
erchandise nventor', <1<01( "13,000
#urchases !!%,000
#urchases Discounts &,00
#urchases Returns and Allo/ances (,000
Total Deduc)ons 5or #urchases 3,00
@et #urchases !3(,$%0
Trans-orta)on n 13,000
@et Cost o5 #urchases !"%,$%0
Total 8oods Available 5or Sale 1,0!1,$%0
erchandise nventor', <%<01( 3$&,000
Cost o5 Sales
8ross #rot
-era)n* +-enses
Sellin* +-enses
Trans-orta)on ut ",000
Adver)sin* +-ense !,000
Total Sellin* +-enses 10,000
Ad6inistra)ve +-enses
Salaries +-ense 10,000
Su--lies +-ense (%,000
nsurance +-ense ,000
De-recia)on +-ense 4 Buildin* $,000
De-recia)on +-ense 4 +:ui-6ent 1,000
Total Ad6inistra)ve +-enses 1%3,000
Total -era)n* +-enses
-era)n* #rot
ther +-enses
ntrest +-enses !,000
iscellaneous +-enses &,000
Total ther +-enses
@+T @C+
  1,33,000

1(,%"0
  1,1&$,1!0

!!",$%0
  (1",1%0

1$3,000
  31,1%0

33,000
  2--1-0
 Teresita Buenafor Shoes
State6ent o5 Chan*es in /ners +:uit'
For the onth +nded Februar' %, 01(

Buenafor, /ners +:uit', <1<01(

AddE #rot
Total
essE 2ithdra/als
Buenafor, /ners +:uit', <%<01(
  1,(!$,000
%%,1%0
1,%(&,1%0
"00,000
1"$(1-0
 Teresita Buenafor Shoes
Balance Sheet
Februar' %, 01(

A##T#
Current Assets
Cash 1,1%0
Accounts Receivable "%,000
erchandise nventor' 3$&,000
Su--lies 1",000
#re-aid nsurance "!,000
Total Current Assets
@on4Current Assets
and "!0,000
Buildin* 1,&(0,000
essE Accu6ulated De-recia)on 4 Buildin* 3($,000
Buildin* 4 @et 1,3$1,000
+:ui-6ent ,310,000
essE Accu6ulated De-recia)on 4 +:ui-6ent !",000
+:ui-6ent 4 @et 1,!!%,000
Total @on4Current Assets
T6TA' A##T#

'A)'T# AND 6NR8# 9:T;

Current iabili)es
Accounts #a'able (1&,000
Salaries #a'able (1,000
Total Current iabili)es
@on4Current iabili)es
ort*a*e #a'able
Total iabili)es
/ners +:uit'
Buenafor, Ca-ital, Feb. %
T6TA' 'A)'T# AND 6NR8# 9:T;
  1,10!,1%0

3,(1$,000
"&2$1-0

(!%,000

,!00,000
3,1!%,000

1,"(&,1%0
"&2$1-0