Joseph Landscaping and Plants Store

General Journal
Date Particulars F DR
2015
Dec-01 Notes receivable 20,000.00
Sales
To record sales on account

2 Purchases 25,000.00
Frieght in 800.00
Accounts payable - Stephen Trading
Cash
To record purchases and frieght cost on account

3 Cash 15,000.00
Accounts receivable - Guadalupe's Garden 15,000.00
Service income
To record service on account

4 Cash 20,000.00
Accounts receivable - Emmanuel Merchandising 50,000.00
Freight out 1,200.00
Sales
Cash
To record sales on account

5 Accounts payable - Stephen Trading 500.00

Purchase returns and allowances
To record issued debit memorandum

6 Purchases 20,000.00
Joseph De Jesus, Capital
To record additional investment

7 Sales returns and allowances 1,000.00

Accounts receivable - Emmanuel Merchandising
To record the issued credit memorandum

8 Cash 50,000.00
Sales
To record sales
 9 Accounts payable - Stephen Trading 5,000.00
Cash
To record partial payment

10 Store and office supplies 15,000.00

Cash
Accounts payable - Gabriel Supermart
To record purchases on account

12 Accounts payable - Stephen Trading 9,500.00

Purchase discount
Cash
Paid Stephen Trading in full

15 Joseph De Jesus, Drawing 8,000.00

Purchases
To record withdrawal

17 Accounts payable - Gabriel Supermart 500.00

Store and Office Supplies
To record issued debit memorandum

19 Cash 48,510.00
Sales discount 490.00
Accounts receivable - Emmanuel Merchandising
To record collection from Emmanuel Merchandising

20 Accounts payable - Gabriel Supermart 9,500.00

Cash
Store and office supplies
Paid Gabriel Supermart in full

26 Sales returns and allowances 1,000.00

Accounts receivable
To record issued credit memorandum

28 Accounts receivable - Shalom House of Prayer 50,000.00

Service income
To record service on account

31 Cash 15,000.00
Accounts receivable - Guadalupe's Garden
To record collection of full payment
381,000.00
CR

20,000.00

15,000.00
10,800.00

30,000.00

70,000.00
1,200.00

500.00

20,000.00

1,000.00

50,000.00
 5,000.00

5,000.00
10,000.00

290.00
9,210.00

8,000.00

500.00

49,000.00

9,310.00
190.00

1,000.00

50,000.00

15,000.00
381,000.00
 Cash Sales
Date Debit Credit Date Date Debit Credit Date
Nov-30 95,000.00 10,800.00 Dec-02 776,850.00 Nov-30
Dec-03 15,000.00 5,000.00 9 20,000.00 Dec-01
4 18,800.00 5,000.00 10 70,000.00 4
8 50,000.00 9,210.00 12 50,000.00 8
19 48,510.00 9,310.00 20
31 15,000.00 916,850.00

242,310.00 39,320.00 Sales Discounts

202,990.00 Date Debit Credit Date
Nov-30 15,000.00
Accounts receviable Dec-19 490.00
Date Debit Credit Date
Nov-30 95,000.00 49,000.00 Dec-19 15,490.00
Dec-04 50,000.00 1,000.00 7
3 15,000.00 15,000.00 31 Sales returns and allowances
38 50,000.00 Date Debit Credit Date
Nov-30 12,500.00
210,000.00 65,000.00 Dec-07 1,000.00
145,000.00 26 1,000.00

Notes receivable 14,500.00

Date Debit Credit Date
Dec-01 20,000.00 Purchases
Date Debit Credit Date
20,000.00 Nov-30 325,000.00 8,000.00 Dec-15
Dec-02 25,000.00
Store and office supplies 6 20,000.00
Date Debit Credit Date
Nov-30 25,500.00 500.00 Dec-17 370,000.00 8,000.00
Dec-10 15,000.00 190.00 12 362,000.00

40,500.00 690.00 Purchase discounts

39,810.00 Date Debit Credit Date
10,000.00 Nov-30
Accounts payable 190.00 Dec-12
Date Debit Credit Date
Dec-05 500.00 37,000.00 Nov-30
9 5,000.00 15,000.00 Dec-02 10,190.00
12 9,500.00 10,000.00 10
17 500.00 1,000.00 26 Purchase returns and allowances
20 9,500.00 Date Debit Credit Date
14,700.00 Nov-30
25,000.00 63,000.00 500.00 Dec-05
38,000.00
15,200.00
Joseph De Jesus, Capital
Date Debit Credit Date Freight in
842,950.00 Nov-30 Date Debit Credit Date
20,000.00 Dec-06 Nov-30 6,850.00
Dec-02 800.00
862,950.00
7,650.00
Joseph De Jesus, Drawings
Date Debit Credit Date Freight out
Nov-30 10,000.00 Date Debit Credit Date
Dec-15 8,000.00 Nov-30 9,500.00
Dec-04 1,200.00
18,000.00
10,700.00
Service income
Date Debit Credit Date
140,000.00 Nov-30
30,000.00 Dec-03
50,000.00 28

220,000.00
 Joseph Landscaping And Plants Store
Trial Balance
December 31, 2015

Account Title Debit Credit

Cash 202,990.00
Accounts receivable 145,000.00
Notes receivable 20,000.00
Store and office supplies 39,810.00
Accounts payable 38,000.00
Joseph De Jesus, Capital 862,950.00
Joseph De Jesus, Drawing 18,000.00
Service income 220,000.00
Sales 916,850.00
Sales discounts 15,490.00
Sales returns and allowances 14,500.00
Purchases 362,000.00
Purchase discount 10,190.00
Purchase returns and allowance 15,200.00
Frieght in 7,650.00
Freight out 10,700.00

TOTAL 836,140.00 2,063,190.00

 Joseph Landscaping And Plants Store
Trial Balance
December 31, 2015

Account Title Debit Credit

Cash in bank 202,990.00
Petty cash fund 10,000.00
Investments in trading securities 100,000.00
Accounts receivable 145,000.00
Allowance for doubtful accounts 7,000.00
Notes receivable 20,000.00
Merchandise inventory, january 1 17,800.00
Store and office supplies on hand 39,810.00
Land 400,000.00
Buildings 440,000.00
Accumulated depreciation - building 57,600.00
Equipment 220,000.00
Accumulated depreciation - equipment 50,000.00
furniture and fixture 120,000.00
Accumulated depreciation - furniture and fixtures 44,000.00
Accounts payable 38,000.00
Notes payable 12,000.00
Withholding taxes payable 5,600.00
Mortgage payable 200,000.00
Joseph de Jesus, Capital 862,950.00
Joseph de Jesus, Drawing 18,000.00
Service income 220,000.00
Sales 916,850.00
Sales discounts 15,490.00
Sales returns and allowances 14,500.00
Purchases 362,000.00
Purchases Discounts 10,190.00
Purchases returns and allowances 15,200.00
Freight in 7,650.00
Freight out 10,700.00
Salaries and wages expense 194,000.00
Insurance expense 28,450.00
Utilities expense 26,000.00
Repairs and maintenance expense 16,750.00
SSS, PhilHealth, and Pag-ibig expense 11,550.00
Miscellaneous ecpense 12,400.00
Interest expense 6,400.00
TOTAL 2,439,490.00 2,439,390.00