Special Journals
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JOURNAL
S P C D R G
TRANSACTIONS RECORDED
ales journal
sale of merchandise on account
urchase journal
credit purchases of merchadise and other items
PA
SJ PJ
ash isbursements journal
payments of cash
eceipts journal
receipts of cash
eneral journal
entries that do not fit in the other journals
CDJ CRJ GJ
SALES JOURNAL DATE 2019 June
INVOICE NO.
1 3 13 16 30
377 378 379 380 381
ACCOUNT DEBITED
PR
R.Bituin A.Perdales B.Ceballus A.Ramel P.Maritimo
SCHEDULE OF ACCOUNTS RECEIVABLE Olson Sala Company Schedule of Accounts Receivable June 30, 2019 A. Ramel P. Maritimo Total
11,000 34,000 45,000
URNAL ACCOUNTS RECEIVABLE (DR) / SALES (CR)
32,000 54,000 62,000 17,000 34,000 199,000 (120)/(410)
CASH RECEIPTS JOURNAL DEBITS DATE 2019 June 1 4 7 9 15 21 29
OR NO.
File 001 002 003 CM 004 005
DESCRIPTION
Investment by owner Cash sales R. Bituin A.Perdales Monte de Santa Cruz Bank B.Ceballus A.Ramel
CASH
52,000 46,000 31,040 52,380 30,000 49,470 6,000 266,890 110
June
GENERAL JOURNAL 15 Sales returns and allowances AR-B.Ceballus
3% SALES DISCOUNTS
960 1,620 1,530 4,110 430
11000 11000
CASH RECEIPTS JOURNAL CREDITS ACCOUNTS RECEIVABLE
SALES
ACCOUNT TITLE
OTHER ACCOUNTS POSTING REFERENCE
AMOUNT
Sala, Capital
310
52,000
Notes payable
210
30,000
46,000 32,000 54,000 51,000 6,000 143,000
46,000
120
410
82,000
PURCHASE JOURNAL Date 2018 October 1 6 17 19 25
Invoice No.
Account credited
PR
Purchases (Dr) / AP (Cr) Accounts Payable
001 002 003 004 005
E. Dulay Supply L. Campos Company E. Cernias Company D. Palsado Company L. Sedanto Compay
54,000 92,000 39,000 41,000 58,000 284,000 (210)
SCHEDULE OF ACCOUNTS PAYABLE Cresencio Laurente Company Schedule of Accounts Payable October 31, 2018 E. Cernias D. Palsado L. Sedanto Total
39,000 30,000 50,000 119,000
L Purchases 54,000 92,000 39,000 41,000 58,000 284,000 (510)
Debits Other accounts Account title PR Amount
-
CASH DISBURSEMENTS JOURNAL Date 2018 October 4 7 10 15 16 21 24 30
Ck. No.
2% Credits
Description Cash
79 80 81 82 83 84 85 86
E. Dulay Supply Freight charges - L. Campos L. Campos Company Paid salaries Purchased merchandise Paid insurance Withdrawals D. Palsado
52,920 3,000 85,260 12,000 19,000 2,000 15,000 11,000 200,180 (110)
Oct
GENERAL JOURNAL 9 Accounts payable - L. Campos PRA 31 Accounts payable - L. Sedanto PRA
Purchase discounts 1,080 1,740
2,820 (530)
5,000 5,000 8,000 8,000
SEMENTS JOURNAL Debits Accounts payable
Purchases
Other accounts Account title PR
Amount
54,000 Transportation in
540
3,000
Salaries expense
610
12,000
Insurance expense Laurente, withdrawals
620 320
2,000 15,000
87,000 19,000
11,000 152,000 (510)
19,000 (510)
32,000
CASH RECEIPTS JOURNAL DEBITS DATE 2019 Jan 4 5 10 22 25 27 30
OR NO.
001 002 003 004 005 006 007
DESCRIPTION
R. Loyola Sold merchandise for cash B. Bandonell M. Cerda G. Sevidal First Morayta Bank Sold merchandise for cash
CASH
2% SALES DISCOUNTS
205,800 430,000 235,200 127,400 280,000 170,000 1,310,000 2,758,400
4,200
11,600
2,770,000
2,770,000
4,800 2,600
RECEIPTS JOURNAL CREDITS ACCOUNTS RECEIVABLE
SALES
OTHER ACCOUNTS ACCOUNT TITLE PR AMOUNT
210,000 430,000 240,000 130,000 280,000 Note payable 860,000
1,310,000 1,740,000
170,000 170,000
CASH DISBURSEMENTS JOURNAL Date 2019
Ck. No.
Description
Jan 7 11 12 14 15 19 21 22 26
83 84 85 86 87 88 89 90 91
E. Samonte T. Arenas Purchased merchandise for cash Paid interest Paid salaries Owner withdrew cash Acquired supplies for cash Paid freight charges - E. Samonte Paid E. Samonte - partial
Credits 3% Cash Purchase discounts 126,100.00 3,900.00 77,600.00 2,400.00 70,000.00 10,000.00 80,000.00 100,000.00 40,000.00 20,000.00 90,000.00 613,700.00
6,300.00
620,000
620,000
Accounts payable 130,000.00 80,000.00
90,000.00 300,000.00
S JOURNAL Debits Other accounts Purchases
Account title
PR
Amount
70,000.00 Interest expense Salaries expense Pangan, withdrawals Office supplies Tranportation in
70,000.00
10,000.00 80,000.00 100,000.00 40,000.00 20,000.00
250,000.00
SALES JOURNAL DATE 2019 Jan 2 8 13 18 23 29
INVOICE NO.
316 317 318 319 320 321
ACCOUNT DEBITED
PR
B. Bandonell G. Sevidal M. Cerda R. Loyola B. Bandonell M. Cerda
Ricardo Pangan Schedule of Accounts Receivable January 31, 2019 R. Loyola B. Bandonell M. Cerda Total
460,000 110,000 170,000 740,000
URNAL ACCOUNTS RECEIVABLE (DR) / SALES (CR)
240,000 collected 310,000 collected 130,000 collected 460,000 110,000 170,000 1,420,000
PURCHASE JOURNAL Date 2019 Jan
R.R. No.
3 11 17 25 28 30
001 002 003 004 005 006
Account credited
T. Arenas L. Viray E. Samonte A. Braganza L. Viray T. Arenas
Ricardo Pangan Schedule of Accounts Payable January 31, 2019 L. Viray E. Samonte A. Braganza T. Arenas Total
390,000 100,000 340,000 360,000 1,190,000
PR
RCHASE JOURNAL PURCHASES (DR) / ACCOUNTS PAYABLE (CR)
90,000 paid 120,000 190,000 paid P90,000 340,000 270,000 360,000 1,370,000
January
January
GENERAL JOURNAL 9 Accounts payable - Arenas PRA 24 SRA Accounts receivable - Sevidal 31 Rent expense Prepaid rent Office supplies expense Office supplies Depreciation expense Accumulated depreciation Salaries expense Salaries payable
10,000 10,000 30,000 30,000 30,000 30,000 130,000 130,000 10,000 10,000 90,000 260,000
PROFIT
1,064,700
90,000 260,000
DATE
GENERAL JOURNAL ACCOUNT TITLE PR
DEBITS
CREDITS
Cash
Accounts receivable
240,000 2,758,400
2,998,400 2,384,700
210,000 613,700
1,420,000
613,700
1,630,000 740,000
Notes payable
-
570,000 570,000
Purchases
300,000 10,000 310,000
Prepaid rent
90,000
860,000 30,000
890,000
730,000 730,000
-
Salaries payable
90,000 90,000
Pangan, capital
130,000 1,370,000
1,500,000 1,190,000
Purchase returns & allowances
1,370,000 70,000 1,440,000
730,000
Accounts payable
400,000 170,000
Merchandise inventory
-
-
Purchase discounts
10,000
-
Transportation in
6,300 20,000
-
-
10,000
-
6,300
20,000
Prepaid rent
Office supplies
Office equipment
160,000 40,000
-
Pangan, capital
200,000 200,000
Accumulated depreciation - oe
1,000,000
-
Pangan, withdrawals
1,000,000 1,000,000
250,000
-
Income summary
-
250,000 250,000
Sales
1,650,000 100,000
1,650,000 1,650,000 Transportation in
100,000 100,000
1,420,000 1,740,000 -
Salaries expense
-
-
Rent expense
-
3,160,000 3,160,000
Office supplies exp
80,000
-
80,000
-
-
-
-
-
Balances here are for the unadjusted Trial Balance. You should update this (posting AJEs and closing entries) to get the same balances as reflected in the IS and BS columns of the worksheet.
Sales returns & allowances Sales discounts
11,600 30,000
30,000
-
Depn exp-oe
11,600
-
Interest expense
10,000
-
-
10,000
-
These columns are not required. I only included this to reflect that these are the balances at the start of the period. (Beg Bal) ↘
Cash Accounts receivable Merchandise inventory Prepaid rent Office supplies Office equipment Accumulated Depreciation - OE Notes payable Accounts Payable Salaries Payable Pangan, Capital Pangan, Withdrawals Sales Sales returns and allowances Sales discounts Purchases
Ricardo Pangan Worksheet For the month ended January 31, 2019 Trial balance Unadjusted Trial Balance Debit Credit Debit 240,000 2,384,700 210,000 740,000 730,000 730,000 90,000 90,000 160,000 200,000 1,000,000 1,000,000 250,000 400,000 130,000 1,650,000 100,000 30,000 11,600 1,440,000
Purchases returns and allowances Purchase discounts Transportation in Salaries expense Rent expense Office supplies expense Depreciation Expense - office equipment Interest expense
20,000 80,000
2,430,000
Profit
2,430,000
10,000 6,836,300
Ricardo Pangan Worksheet month ended January 31, 2019 nadjusted Trial Balance Adjustments Credit Debit Credit
Income statement Debit Credit
730,000
470,000
30,000 130,000 250,000 570,000 1,190,000
10,000
90,000 1,650,000 3,160,000
Balance sheet Debit Credit 2,384,700 740,000 470,000 60,000 70,000 1,000,000 260,000 570,000 1,190,000 90,000 1,650,000 100,000
Accumulate
3,160,000 30,000 11,600 1,440,000
10,000 6,300
10,000 6,300 90,000 30,000 130,000 10,000
6,836,300
260,000
260,000
20,000 170,000 30,000 130,000 10,000 10,000 2,581,600 1,064,700 3,646,300
Pangan, ca 3,646,300 3,646,300
4,824,700 4,824,700
3,760,000 1,064,700 4,824,700
-
Ricardo Pangan Post-closing trial balance For the year month January 31, 2019
Cash Accounts receivable Merchandise inventory Prepaid Insurance Office supplies Office equipment Accumulated Depreciation - OE Notes payable Accounts Payable Salaries Payable Bala, Capital
2,384,700 740,000 470,000 60,000 70,000 1,000,000
4,724,700
260,000 570,000 1,190,000 90,000 2,614,700 4,724,700
3,118,400 1,703,700 3,724,700 4,464,700 1,850,000 2,614,700 4,724,700
4,464,700 4,724,700
You can check the cell to determine the composition/ solution of each answer. In here you do not necessarily prepare the FS reports instead you make use of the worksheet. ↓
Compute the following: Net sales COGS Total current assets Total assets Total current liabs Pangan, capital 1/31/19 (SOCIE) PCTB balance
S P C D R G
TRANSACTIONS RECORDED
ales journal
sale of merchandise on account
urchase journal
credit purchases of merchadise and other items
PA
SJ PJ
ash isbursements journal
payments of cash
eceipts journal
receipts of cash
eneral journal
entries that do not fit in the other journals
CDJ CRJ GJ
SALES JOURNAL DATE 2019 June
INVOICE NO.
1 3 13 16 30
377 378 379 380 381
ACCOUNT DEBITED
PR
R.Bituin A.Perdales B.Ceballus A.Ramel P.Maritimo
SCHEDULE OF ACCOUNTS RECEIVABLE Olson Sala Company Schedule of Accounts Receivable June 30, 2019 A. Ramel P. Maritimo Total
11,000 34,000 45,000
URNAL ACCOUNTS RECEIVABLE (DR) / SALES (CR)
32,000 54,000 62,000 17,000 34,000 199,000 (120)/(410)
CASH RECEIPTS JOURNAL DEBITS DATE 2019 June 1 4 7 9 15 21 29
OR NO.
File 001 002 003 CM 004 005
DESCRIPTION
Investment by owner Cash sales R. Bituin A.Perdales Monte de Santa Cruz Bank B.Ceballus A.Ramel
CASH
52,000 46,000 31,040 52,380 30,000 49,470 6,000 266,890 110
June
GENERAL JOURNAL 15 Sales returns and allowances AR-B.Ceballus
3% SALES DISCOUNTS
960 1,620 1,530 4,110 430
11000 11000
CASH RECEIPTS JOURNAL CREDITS ACCOUNTS RECEIVABLE
SALES
ACCOUNT TITLE
OTHER ACCOUNTS POSTING REFERENCE
AMOUNT
Sala, Capital
310
52,000
Notes payable
210
30,000
46,000 32,000 54,000 51,000 6,000 143,000
46,000
120
410
82,000
PURCHASE JOURNAL Date 2018 October 1 6 17 19 25
Invoice No.
Account credited
PR
Purchases (Dr) / AP (Cr) Accounts Payable
001 002 003 004 005
E. Dulay Supply L. Campos Company E. Cernias Company D. Palsado Company L. Sedanto Compay
54,000 92,000 39,000 41,000 58,000 284,000 (210)
SCHEDULE OF ACCOUNTS PAYABLE Cresencio Laurente Company Schedule of Accounts Payable October 31, 2018 E. Cernias D. Palsado L. Sedanto Total
39,000 30,000 50,000 119,000
L Purchases 54,000 92,000 39,000 41,000 58,000 284,000 (510)
Debits Other accounts Account title PR Amount
-
CASH DISBURSEMENTS JOURNAL Date 2018 October 4 7 10 15 16 21 24 30
Ck. No.
2% Credits
Description Cash
79 80 81 82 83 84 85 86
E. Dulay Supply Freight charges - L. Campos L. Campos Company Paid salaries Purchased merchandise Paid insurance Withdrawals D. Palsado
52,920 3,000 85,260 12,000 19,000 2,000 15,000 11,000 200,180 (110)
Oct
GENERAL JOURNAL 9 Accounts payable - L. Campos PRA 31 Accounts payable - L. Sedanto PRA
Purchase discounts 1,080 1,740
2,820 (530)
5,000 5,000 8,000 8,000
SEMENTS JOURNAL Debits Accounts payable
Purchases
Other accounts Account title PR
Amount
54,000 Transportation in
540
3,000
Salaries expense
610
12,000
Insurance expense Laurente, withdrawals
620 320
2,000 15,000
87,000 19,000
11,000 152,000 (510)
19,000 (510)
32,000
CASH RECEIPTS JOURNAL DEBITS DATE 2019 Jan 4 5 10 22 25 27 30
OR NO.
001 002 003 004 005 006 007
DESCRIPTION
R. Loyola Sold merchandise for cash B. Bandonell M. Cerda G. Sevidal First Morayta Bank Sold merchandise for cash
CASH
2% SALES DISCOUNTS
205,800 430,000 235,200 127,400 280,000 170,000 1,310,000 2,758,400
4,200
11,600
2,770,000
2,770,000
4,800 2,600
RECEIPTS JOURNAL CREDITS ACCOUNTS RECEIVABLE
SALES
OTHER ACCOUNTS ACCOUNT TITLE PR AMOUNT
210,000 430,000 240,000 130,000 280,000 Note payable 860,000
1,310,000 1,740,000
170,000 170,000
CASH DISBURSEMENTS JOURNAL Date 2019
Ck. No.
Description
Jan 7 11 12 14 15 19 21 22 26
83 84 85 86 87 88 89 90 91
E. Samonte T. Arenas Purchased merchandise for cash Paid interest Paid salaries Owner withdrew cash Acquired supplies for cash Paid freight charges - E. Samonte Paid E. Samonte - partial
Credits 3% Cash Purchase discounts 126,100.00 3,900.00 77,600.00 2,400.00 70,000.00 10,000.00 80,000.00 100,000.00 40,000.00 20,000.00 90,000.00 613,700.00
6,300.00
620,000
620,000
Accounts payable 130,000.00 80,000.00
90,000.00 300,000.00
S JOURNAL Debits Other accounts Purchases
Account title
PR
Amount
70,000.00 Interest expense Salaries expense Pangan, withdrawals Office supplies Tranportation in
70,000.00
10,000.00 80,000.00 100,000.00 40,000.00 20,000.00
250,000.00
SALES JOURNAL DATE 2019 Jan 2 8 13 18 23 29
INVOICE NO.
316 317 318 319 320 321
ACCOUNT DEBITED
PR
B. Bandonell G. Sevidal M. Cerda R. Loyola B. Bandonell M. Cerda
Ricardo Pangan Schedule of Accounts Receivable January 31, 2019 R. Loyola B. Bandonell M. Cerda Total
460,000 110,000 170,000 740,000
URNAL ACCOUNTS RECEIVABLE (DR) / SALES (CR)
240,000 collected 310,000 collected 130,000 collected 460,000 110,000 170,000 1,420,000
PURCHASE JOURNAL Date 2019 Jan
R.R. No.
3 11 17 25 28 30
001 002 003 004 005 006
Account credited
T. Arenas L. Viray E. Samonte A. Braganza L. Viray T. Arenas
Ricardo Pangan Schedule of Accounts Payable January 31, 2019 L. Viray E. Samonte A. Braganza T. Arenas Total
390,000 100,000 340,000 360,000 1,190,000
PR
RCHASE JOURNAL PURCHASES (DR) / ACCOUNTS PAYABLE (CR)
90,000 paid 120,000 190,000 paid P90,000 340,000 270,000 360,000 1,370,000
January
January
GENERAL JOURNAL 9 Accounts payable - Arenas PRA 24 SRA Accounts receivable - Sevidal 31 Rent expense Prepaid rent Office supplies expense Office supplies Depreciation expense Accumulated depreciation Salaries expense Salaries payable
10,000 10,000 30,000 30,000 30,000 30,000 130,000 130,000 10,000 10,000 90,000 260,000
PROFIT
1,064,700
90,000 260,000
DATE
GENERAL JOURNAL ACCOUNT TITLE PR
DEBITS
CREDITS
Cash
Accounts receivable
240,000 2,758,400
2,998,400 2,384,700
210,000 613,700
1,420,000
613,700
1,630,000 740,000
Notes payable
-
570,000 570,000
Purchases
300,000 10,000 310,000
Prepaid rent
90,000
860,000 30,000
890,000
730,000 730,000
-
Salaries payable
90,000 90,000
Pangan, capital
130,000 1,370,000
1,500,000 1,190,000
Purchase returns & allowances
1,370,000 70,000 1,440,000
730,000
Accounts payable
400,000 170,000
Merchandise inventory
-
-
Purchase discounts
10,000
-
Transportation in
6,300 20,000
-
-
10,000
-
6,300
20,000
Prepaid rent
Office supplies
Office equipment
160,000 40,000
-
Pangan, capital
200,000 200,000
Accumulated depreciation - oe
1,000,000
-
Pangan, withdrawals
1,000,000 1,000,000
250,000
-
Income summary
-
250,000 250,000
Sales
1,650,000 100,000
1,650,000 1,650,000 Transportation in
100,000 100,000
1,420,000 1,740,000 -
Salaries expense
-
-
Rent expense
-
3,160,000 3,160,000
Office supplies exp
80,000
-
80,000
-
-
-
-
-
Balances here are for the unadjusted Trial Balance. You should update this (posting AJEs and closing entries) to get the same balances as reflected in the IS and BS columns of the worksheet.
Sales returns & allowances Sales discounts
11,600 30,000
30,000
-
Depn exp-oe
11,600
-
Interest expense
10,000
-
-
10,000
-
These columns are not required. I only included this to reflect that these are the balances at the start of the period. (Beg Bal) ↘
Cash Accounts receivable Merchandise inventory Prepaid rent Office supplies Office equipment Accumulated Depreciation - OE Notes payable Accounts Payable Salaries Payable Pangan, Capital Pangan, Withdrawals Sales Sales returns and allowances Sales discounts Purchases
Ricardo Pangan Worksheet For the month ended January 31, 2019 Trial balance Unadjusted Trial Balance Debit Credit Debit 240,000 2,384,700 210,000 740,000 730,000 730,000 90,000 90,000 160,000 200,000 1,000,000 1,000,000 250,000 400,000 130,000 1,650,000 100,000 30,000 11,600 1,440,000
Purchases returns and allowances Purchase discounts Transportation in Salaries expense Rent expense Office supplies expense Depreciation Expense - office equipment Interest expense
20,000 80,000
2,430,000
Profit
2,430,000
10,000 6,836,300
Ricardo Pangan Worksheet month ended January 31, 2019 nadjusted Trial Balance Adjustments Credit Debit Credit
Income statement Debit Credit
730,000
470,000
30,000 130,000 250,000 570,000 1,190,000
10,000
90,000 1,650,000 3,160,000
Balance sheet Debit Credit 2,384,700 740,000 470,000 60,000 70,000 1,000,000 260,000 570,000 1,190,000 90,000 1,650,000 100,000
Accumulate
3,160,000 30,000 11,600 1,440,000
10,000 6,300
10,000 6,300 90,000 30,000 130,000 10,000
6,836,300
260,000
260,000
20,000 170,000 30,000 130,000 10,000 10,000 2,581,600 1,064,700 3,646,300
Pangan, ca 3,646,300 3,646,300
4,824,700 4,824,700
3,760,000 1,064,700 4,824,700
-
Ricardo Pangan Post-closing trial balance For the year month January 31, 2019
Cash Accounts receivable Merchandise inventory Prepaid Insurance Office supplies Office equipment Accumulated Depreciation - OE Notes payable Accounts Payable Salaries Payable Bala, Capital
2,384,700 740,000 470,000 60,000 70,000 1,000,000
4,724,700
260,000 570,000 1,190,000 90,000 2,614,700 4,724,700
3,118,400 1,703,700 3,724,700 4,464,700 1,850,000 2,614,700 4,724,700
4,464,700 4,724,700
You can check the cell to determine the composition/ solution of each answer. In here you do not necessarily prepare the FS reports instead you make use of the worksheet. ↓
Compute the following: Net sales COGS Total current assets Total assets Total current liabs Pangan, capital 1/31/19 (SOCIE) PCTB balance
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