SALES JOURNAL

For the Period _________________________

Output
DATE Invoice No. Accounts Debited PR Sales VAT
Credit Credit

Sales on account
Source Documents – invoice

TOTAL - -
( ) ( )
Accounts Receivable
Debit

-
( )
 PURCHASE JOURNAL
For the Period _________________________

DATE Invoice No. Account Credited PR Purchases Input VAT

Debit Debit

Purchase on account
(mga Utang)

TOTAL - -
( ) ( )
___

Accounts Payable
Credit

-
( )
 GENERAL JOURNAL
Page no. 1

DATE DESCRIPTION PR DEBIT

March 31, 2024 Sales Returns & Allowances 412 5,000.00
Output VAT 218 600.00
Accounts Receivables - Apple Store 113
To record sales returns

July 31 Accounts Payable - Prime trading 211 13,440.00

Purchase Returns & Allowances 512
Input VAT 118
To record Purchase Returns

Source documents – Receiving report

Purchase returns - From supplier

- Customer ay si Fatty
- ikaw/Fatty ang nag balik ng merchandise
Sales returns - binalik ni customer kay Fatty ang merchandise
CREDIT

5,600.00

12,000.00
1,440.00
 CASH RECEIPTS JOURNAL
for the period__________________________

Account
SALES Output VAT Sales Discount CASH
DATE OR No. Invoice No. Account Credited PR Receivables
Credit Debit

Source Documents – OR
Cash In/receive, Collections of sales on accounts

TOTAL - - - - -
( ) ( ) ( ) ( ) ( )
 CHECK DISBURSEMENT JOURNAL
for the period__________________________
SSS, Ph,
Sundry Pag. Withtax Purchase
Check
Salary Expense Payable Payable Accounts Payable Discount
DATE Voucher Check No. Account Debited PR
No. Debit Debit Debit
Debit Debit ( Credit)
(Credit) (Credit) (Credit)
July 3 24-0204 1770001 Supplies Expense 533 5,000.00
Input VAT 118 600.00

Source Documents – OR (Issued by the supplier to business/Fatty)

– Check (From business/Fatty to supplier)
– Vouchers (From business/Fatty to supplier)

Cash out
- All cash payments

TOTAL 5,600.00 - - - - -
( ) ( ) ( ) ( ) ( )
 CASH

Credit

5,600.00

5,600.00
( )
 WORKSHEET
For the month ended
STATEMENT OF STATEMENT OF
Account Titles TRIAL BALANCE ADJUSTMENTS COMPREHENSIVE INCOME FINANCIAL POSITIO
Debit Credit Debit Credit Debit Credit Debit
Cash
Accounts Receivable Beg End
Merchandise Inventory 100,000.00 150,000.00
Input VAT
Store Equipment
Acc. Depreciation - SE
Office Equipment
Acc. Depreciation - OE
Accounts payable
Withholding Tax Payable
Expanded W/ Tax Payable
SSS,PH, Pag ibig Payable
Output VAT
Ordinary Share Capital
Retained Earnings
Sales
Sales Return & Allowances
Sales Discount
Purchases
Purchase Discount
Purchase Return and Allowances
Salaries Expense
Rent Expense
Supplies Expense
TOTAL - -
Utilities Expense
Utilities Payable
SSS, PH, Pag ibig Cont.
Cash Dividends Payable
Depreciation Expense - SE
Depreciation Expense - OE
TOTAL - - -
INCOME -
 - -

-
TEMENT OF
CIAL POSITION
Credit

10,000.00

4,033.33

-
-
 GENERAL JOURNAL
Page no. 2

DATE DESCRIPTION PR DEBIT CREDIT

ADJUSTING ENTRIES

Source Documents – OR,Check , Vouchers (dated for the next month)

PAYABLES ito dahil hindi pa ito nababayaran para sa month na ginagawan ang financial
report.
Reference: Ito ay resibo or voucher na ang date ay para sa susunod na month. For example ang ginagaw

PAYABLES ito dahil hindi pa ito nababayaran para sa bwan na ginagawan ng financial report.
month. For example ang ginagawan natin ng report ay May, tapos iyong voucher or receipt ay June ang nakalagay. Ito ay mac

an ng financial report.
June ang nakalagay. Ito ay macoconsider as Adjustent for the current month.
 STATEMENT OF COMPREHENSIVE INCOME
For the Month ended_______________________

Sales
Sales Discount ( ) Sales less sale
Sales Return & Allowances ( ) sales
Net Sales -

Purchase Purchases less

Purchase Discount ( ) discounts = n
Purchase Return & Allowances ( )
Net Purchases -

Merchandise Inventory , Beg

Merchandise Inventory , End ( )
Cost of Goods Sold -
Gross Profit -
Less: Operating expenses
Salaries Expenses
Rent Expenses
Supplies Expense
Utilities Expense
SSS, PH, Pag-ibig Cont.
Depreciation Expense - SE
Depreciation Expense - OE
Total expenses -
NET PROFIT -
Sales less sales returns and discounts = net
sales

Purchases less purchase returns and

discounts = net purchases

Net purchases add Merchandise inventory, beg Nets sales

less Merchandise inventory, end = Cost of Goods less Cost of Goods sold
sold Gross Proft
less Total expenses
NET PROFIT

total all operating expenses

 STATEMENT OF RETAINED EARNINGS
For the Month ended_______________________

Ordinary Share Capital 400,000.00

Reatained Earning, Beg 246,620.00
TOTAL
Add: Net Profit
Less Cash Earnings
Retained Dividends & Ordinary (25,000.00)
Share Capital ₱ -
 Statement of Financial Position
As of ___________________

Assets

Current
Cash
Accounts Receivable
Merchandise Inventory
Input VAT
Total current Assets

Non-Current
Store Equipment
Office Equipment
Acc. Depreciation - SE ( )
Acc. Depreciation - OE ( )
Total non-current assets
Total Assets

Liabilities

Current Liabilities
Accounts Payable
Withholding Tax Payable
Expanded W/holding Tax Paya
SSS, PH, PI Cont. Payable
Utilities Payable
Output VAT
Cash Dividends Payable
Total Liabilities

Shareholders's Equity
Ordinary Share Capital, 400,000.00
Retained Earnings 273,813.33
TOTAL SHAREHOLDERS EQUITY & LIABILITIES
retained earnings add income less cash dividends
 STATEMENT OF CASHFLOWS

CASH-IN ACTIVITIES

Total Cash-in

CASH-OUT ACTIVITIES

Total Cash Out

Net Increase/Decrease
Add: Cash balance,
CASH BALANCE ENDING,
 GENERAL JOURNAL
Page no._____________________

DATE DESCRIPTION PR DEBIT

CLOSING ENTRIES
March 31, 2024 Merchandise Inventory, end
Sales
Purchase Return & Allowances
Purchase Discount
Income Summary
To close debit balances

March 31, 2024 Income Summary

Merchandise Inventory, beg
Sales Return & Allowances
Sales Discount
Purchases
Salaries Expense
Rent Expense
Supplies Expense
Utilities Expense
SSS, PH, Pag-ibig Contributions
Depreciation Expense - Store Equipment
Depreciaton Expense - Office Equipment
To close credit balances

March 31, 2024 Income Summary

Retained Earnings
To close net income to retained earnings
no._____________________

CREDIT
 POST-CLOSING TRIAL BALANCE
Last date of the month
Account Titles Debit Credit
Cash ₱ -
Accounts Receivables
Merchandise Inventory
Input VAT
Store Equipment
Acc. Depreciation - SE ₱ -
Office Equipment
Acc. Depreciation - OE
Accounts Payable
Withholding Tax Payable
Expanded Withholding Tax Payable
SSS, PH, Pag-ibig Payable
Utilities Payable
Output VAT
Cash Dividends Payable
Ordinary Share Capital
Retained Earnings
TOTAL - -