MA LEE VOGUE CORPORATION

CASH DISBURSEMENT JOURNAL

DATE CHECK SUNDRY

CHECK
VOUCHER ACCOUNTS DEBITED PR DEBIT /
2025 NO.
NO.
(CREDIT)

FEB 3 123001 801201 Supplies ✔️ ₱ 2,000.00

Input VAT ✔️ 240.00
5 123002 801202 Office Equipment ✔️ 10,000.00
Input VAT ✔️ 1,200.00
123003 801203 Rent Expense ✔️ 10,000.00
Expanded Withholding Tax ✔️ (500.00)
10 123004 801204 BIR
123005 801205 SSS, PHILHEALTH, PAG-IBIG
123006 801206 Utilities Payable ✔️ 600.00
123007 801207 Utilities Payable ✔️ 5,000.00
15 123008 801208 Payroll
16 123009 801209 Paw Patrol ✔️
20 123010 801210 Dino Trux ✔️
25 123011 801211 Purchases ✔️ 20,000.00
Input VAT ✔️ 1,200.00
28 123012 801212 Storability Company ✔️
123013 801213 Payroll
TOTAL ₱ 49,740.00
GUE CORPORATION
BURSEMENT JOURNAL PAGE 1

MANDATORY
SALARIES PREMIUM WITHHOLDING ACCOUNTS PURCHASE
EXPENSE CONTRIBUTIONS TAX PAYABLE PAYABLE DISCOUNT CASH CREDIT
DEBIT PAYABLE DEBIT / DEBIT / (CREDIT) DEBIT CREDIT
(CREDIT)

₱ 2,240.00

11,200.00

9,500.00
1,500.00 1,500.00
5,500.00 5,500.00
600.00
5,000.00
35,000.00 (2,500.00) 32,500.00
25,000.00 25,000.00
250,000.00 2,500.00 247,500.00

21,200.00
145,600.00 22,960.00 122,640.00
35,000.00 (1,200.00) (700.00) 33,100.00
₱ 70,000.00 ₱ 1,800.00 ₱ 800.00 ₱ 420,600.00 ₱ 25,460.00 ₱ 517,480.00
(510) (204) (202) (201) (503) (101)
 MA LEE VOGUE CORPORATION
CASH RECEIPTS JOURNAL

DATE OFFICIAL INVOICE

ACCOUNTS
2025 RECEIPT NO. NO.
ACCOUNTS CREDITED PR RECEIVABLE
CREDIT
FEB 8 3001 COD PRINCE TRADING
11 3002 2001 GRA BEE TEH CORPORATION ✔️ ₱ 131,500.00
20 3003 2002 TAH LINO COMPANY ✔️ 112,000.00
22 3004 5001 KONOHA COMPANY ✔️ 30,000.00

TOTAL ₱ 273,500.00
(102)
RATION
L PAGE 1

SALES OUTPUT VAT SALES CASH

DISCOUNT
CREDIT CREDIT DEBIT DEBIT
₱ 120,000.00 ₱ 14,400.00 ₱ 134,400.00
₱ 3,360.00 128,140.00
2,000.00 110,000.00
30,000.00

₱ 120,000.00 ₱ 14,400.00 ₱ 5,360.00 ₱ 402,540.00

(401) (206) (403) (101)
 MA LEE VOGUE CORPORATION
PURCHASES JOURNAL

DATE PURCHASES
INVOICE NO. ACCOUNTS CREDITED PR
2025 DEBIT
FEB 1 526 STORABILITY COMPANY ✔️ ₱ 130,000.00
5 1256 DINO TRUX ✔️ 223,214.00
8 125 123 CORPORATION ✔️ 75,000.00

TOTAL ₱ 428,214.00
(501)
PORATION
NAL PAGE 1

INPUT VAT ACCOUNTS PAYABLE

DEBIT CREDIT
₱ 15,600.00 ₱ 145,600.00
26,786.00 250,000.00
9,000.00 84,000.00

₱ 51,386.00 ₱ 479,600.00
(104) (201)
 MA LEE VOGUE CORPORATION
SALES JOURNAL

DATE SALES
INVOICE NO. ACCOUNTS DEBITED PR
2025 CREDIT
FEB 3 2001 GRA BEE TEH CORPORATION ✔️ ₱ 180,000.00
10 2002 TAH LINO COMPANY ✔️ 100,000.00
15 2003 BAHAGHARI ENTERPRISES ✔️ 180,000.00

TOTAL ₱ 460,000.00
(401)
PORATION
L PAGE 1

OUTPUT VAT ACCOUNTS RECEIVABLE

CREDIT DEBIT
₱ 21,600.00 ₱ 201,600.00
12,000.00 112,000.00
21,600.00 201,600.00

₱ 55,200.00 ₱ 515,200.00
(206) (102)
 MA LEE VOGUE CORPORATION
GENERAL JOURNAL

DATE
PARTICULARS PR
2025
FEB 7 Sales Return and Allowances 402
Output VAT 206
Accounts Receivable 102
To record RR 32100

10 Accounts Payable 201

Purchase Return and Allowances 502
Input VAT 104
To record RR 10001 for return.
Adjustments
28 Utilities Expense 513
Utilities Payable 205
To record February electricity.

Utilities Expense 513

Utilities Payable 205
To record February water consumption.

Mandatory Premium Contribution 511

Mandatory Premium Contribution Payable 204
To record payroll deduction.

Retained Earnings 302

Cash Dividends Payable 207
To record declaration of cash dividends.

Depreciation Expense - Furnitures and Fixtures 516

Depreciation Expense - Office Equipment 517
Accumulated Depreciation - Furnitures and Fixtures 105-A
Accumulated Depreciation - Office Equipment 106-A
TION
PAGE 1

DATE
DEBIT CREDIT
2025
₱ 25,500.00
3,000.00 Feb 28
₱ 28,500.00

22,960.00
20,500.00
2,460.00

28
1,500.00
1,500.00

1,000.00
1,000.00

3,500.00
3,500.00

50,000.00
50,000.00
28

1,666.67
500.00
1,666.67
500.00
 MA LEE VOGUE CORPORATION
GENERAL JOURNAL

PARTICULARS PR DEBIT

Closing Entries
Merchandise Inventory, end 103 100,000.00
Sales 401 580,000.00
Purchase Return and Allowances 502 20,500.00
Purchse Discount 503 25,460.00
Income Summary 303
To establish inventory end and close nominal
accounts with credit balances

Income Summary 303 649,240.67

Merchandise Inventory, beg 103
Sales Return and Allowances 402
Sales Discount 403
Purchases 501
Salaries Expense 510
Rent Expense 512
Supplies 514
Mandatory Premiums Contribution 511
Utilities Expense 513
Depreciation Expense - Furnitures and Fixtures 516
Depreciation Expense - Office Equipment 517
To close inventory beginning and nominal accouts
debit balances

Income Summary 303 76,719.33

Retained Earnings 302
 PAGE 2

CREDIT

725,960.00

80,000.00
25,500.00
5,360.00
448,214.00
70,000.00
10,000.00
2,000.00
3,500.00
2,500.00
1,666.67
500.00

76,719.33
CASH
101
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
28-Feb CRJ-1 402,540.00
28-Feb CDJ-1 517,480.00

MERCHANDISE INVENTORY
103
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
28-Feb Closing Entry GJ-2 100,000.00
28-Feb Closing Entry GJ-2 80,000.00

FURNITURE AND FIXTURE

105
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance

OFFICE EQUIPMENT
106
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
5-Feb CDJ-1 10,000.00
ACCOUNTS PAYABLE
201
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
10-Feb GJ-1 22,960.00
28-Feb PJ-1 479,600.00
28-Feb CDJ-1 420,600.00

EXPANDED WITHHOLDING TAXES PAYABLE

203
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
5-Feb CDJ-1 500.00

UTILITIES PAYABLE
205
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
10-Feb CDJ-1 600.00
10-Feb CDJ-1 5,000.00
28-Feb Adjusting Entry GJ-1 1,500.00
Adjusting Entry GJ-1 1,000.00

CASH DIVIDENDS PAYABLE

207
DATE ITEM PR DEBIT CREDIT
28-Feb Adjusting Entry GJ-1 50,000.00
RETAINED EARNINGS
302
DATE ITEM PR DEBIT CREDIT
1-Feb-25 Beginning balance
28-Feb Adjusting Entry GJ-1 50,000.00
28-Feb Closing Entry GJ-2 76,719.33

SALES
401
DATE ITEM PR DEBIT CREDIT
28-Feb-25 CRJ-1 ₱ 120,000.00
SJ-1 460,000.00
28-Feb Closing Entry GJ-2 580,000.00

SALES DISCOUNT
403
DATE ITEM PR DEBIT CREDIT
28-Feb-25 CRJ-1 ₱ 5,360.00
28-Feb Closing Entry GJ-2 5,360.00

PURCHASE RETURN AND ALLOWANCES

502
DATE ITEM PR DEBIT CREDIT
10-Feb-25 ₱ 20,500.00
28-Feb Closing Entry GJ-2 20,500.00
SALARIES EXPENSE
510
DATE ITEM PR DEBIT CREDIT
28-Feb-25 CDJ-1 ₱ 70,000.00
28-Feb Closing Entry GJ-2 ₱ 70,000.00

RENT EXPENSE
512
DATE ITEM PR DEBIT CREDIT
5-Feb-25 CDJ-1 ₱ 10,000.00
28-Feb Closing Entry GJ-2 10,000.00

SUPPLIES
514
DATE ITEM PR DEBIT CREDIT
3-Feb-25 CDJ-1 ₱ 2,000.00
28-Feb Closing Entry GJ-2 2,000.00

DEPRECIATION EXPENSE - FURNITURE AND FIXTURE

516
DATE ITEM PR DEBIT CREDIT
28-Feb Adjusting Entry GJ-1 ₱ 1,666.67
28-Feb Closing Entry GJ-2 1,666.67
INCOME TAX EXPENSE
518
DATE ITEM PR DEBIT CREDIT
 ACCOUNTS RECEIVABLE
102.
BALANCE DATE ITEM PR DEBIT
₱ 1,000,000.00 1-Feb-25 Beginning balance
1,402,540.00 28-Feb SJ-1 515,200.00
885,060.00 CRJ-1
GJ-1

INPUT VAT
101
BALANCE DATE ITEM PR DEBIT
₱ 80,000.00 1-Feb-25 Beginning balance
180,000.00 3-Feb CDJ-1 240.00
100,000.00 5-Feb CDJ-1 1,200.00
10-Feb GJ-1
25-Feb CDJ-1 1,200.00
28-Feb PJ-1 51,386.00

ACCUMULATED DEPRECIATION - FURNITURE AND FIXTURE

105-A
BALANCE DATE ITEM PR DEBIT
₱ 200,000.00 1-Feb-25 Beginning balance
28-Feb Adjusting Entry GJ-1 1666.67

ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT

106-A
BALANCE DATE ITEM PR DEBIT
₱ 50,000.00 1-Feb-25 Beginning balance
60,000.00 28-Feb Adjusting Entry GJ-1 500.00
 WITHHOLDING TAXES PAYABLE
202
BALANCE DATE ITEM PR DEBIT
₱ 25,000.00 1-Feb-25 Beginning balance
2,040.00 28-Feb CDJ-1 800.00
481,640.00
61,040.00

MANDATORY PREMIUM CONTRIBUTIONS PAYABLE

204
BALANCE DATE ITEM PR DEBIT
₱ 800.00 1-Feb-25 Beginning balance
1,300.00 28-Feb CDJ-1 1,800.00
28-Feb Adjusting Entry GJ-1 3,500.00

OUTPUT VAT
206
BALANCE DATE ITEM PR DEBIT
₱ 5,600.00 6-Feb-25 GJ-1 ₱ 3,000.00
5,000.00 28-Feb CRJ-1
- 28-Feb SJ-1
1,500.00
2,500.00

ORDINARY SHARE CAPITAL, P100 PAR

301
BALANCE DATE ITEM PR DEBIT
₱ 50,000.00 1-Feb-25 Beginning balance
 INCOME SUMMARY
303
BALANCE DATE ITEM PR DEBIT
₱ 1,115,600.00 28-Feb-25 Closing Entry GJ-2
₱ 1,065,600.00 28-Feb Closing Entry GJ-2 649,240.67
₱ 1,142,319.33 28-Feb Closing Entry GJ-2 76719.33

SALES RETURN AND ALLOWANCES

402
BALANCE DATE ITEM PR DEBIT
₱ 120,000.00 7-Feb-25 GJ-1 ₱ 25,500.00
580,000.00 28-Feb Closing Entry GJ-2
-

PURCHASE
501
BALANCE DATE ITEM PR DEBIT
₱ 5,360.00 25-Feb-25 ₱ 20,000.00
- 28-Feb 428,214.00
28-Feb Closing Entry GJ-2

PURCHASE DISCOUNT
503
BALANCE DATE ITEM PR DEBIT
₱ 20,500.00 28-Feb-25 CDJ-1
- 28-Feb Closing Entry GJ-2 25,460.00
 MANDATORY PREMIUM CONTRIBUTIONS
511
BALANCE DATE ITEM PR DEBIT
₱ 70,000.00 28-Feb Adjusting Entry GJ-1 3,500.00
₱ - 28-Feb Closing Entry GJ-2

UTILITIES EXPENSE
513
BALANCE DATE ITEM PR DEBIT
₱ 10,000.00 28-Feb-25 Adjusting Entry GJ-1 ₱ 1,500.00
- Adjusting Entry GJ-1 1,000.00
28-Feb Closing Entry GJ-2

TRANSPORTATION EXPENSE
515
BALANCE DATE ITEM PR DEBIT
₱ 2,000.00
-

DEPRECIATION EXPENSE - OFFICE EQUIPMENT

517
BALANCE DATE ITEM PR DEBIT
₱ 1,666.67 28-Feb Adjusting Entry GJ-1 ₱ 500.00
- 28-Feb Closing Entry GJ-2
 MISCELLANEOUS EXPENSE
519
BALANCE DATE ITEM PR DEBIT
 CREDIT BALANCE
₱ 30,000.00
545,200.00
273,500.00 271,700.00
28,500.00 243,200.00

CREDIT BALANCE
₱ 6,000.00
6,240.00
7,440.00
2,460.00 4,980.00
6,180.00
57,566.00

CREDIT BALANCE
₱ 10,000.00
₱ 11,666.67

CREDIT BALANCE
₱ 5,000.00
5,500.00
CREDIT BALANCE
₱ 1,000.00
200.00

CREDIT BALANCE
₱ 3,000.00
1,200.00
4,700.00

CREDIT BALANCE
-₱ 3,000.00
14,400.00 11,400.00
55,200.00 66,600.00

CREDIT BALANCE
₱ 200,000.00
 CREDIT BALANCE
₱ 725,960.00 ₱ 725,960.00
76,719.33
-

CREDIT BALANCE
₱ 25,500.00
25,500.00 -

CREDIT BALANCE
₱ 20,000.00
448,214.00
448,214.00 -

CREDIT BALANCE
₱ 25,460.00 ₱ 25,460.00
-
CREDIT BALANCE
3,500.00
3,500.00 -

CREDIT BALANCE
₱ 1,500.00
2,500.00
2,500.00 -

CREDIT BALANCE

CREDIT BALANCE
₱ 500.00
500.00 -
CREDIT BALANCE
 MA LEE VOGUE CORPO
ACCOUNTS RECEIVABLE SUBS

TAH LINO COMPANY

DATE ITEM PR DEBIT CREDIT
10-Feb-25 2/10, n/30 SJ-1 ₱ 112,000.00
20-Feb CRJ-1 112,000.00

BAHAGHARI ENTERPRISES
DATE ITEM PR DEBIT CREDIT
15-Feb-25 2/10, n/30 ₱ 201,600.00

MA LEE VOGUE CORPO

ACCOUNTS PAYABLE SUBSID

STORABILITY COMPANY
DATE ITEM PR DEBIT CREDIT
1-Feb-25 2/10, n/30 PJ-1 ₱ 145,600.00
28-Feb CDJ-1 145,600

BLIPPI CORPORATION
DATE ITEM PR DEBIT CREDIT
DINO TRUX COMPANY
DATE ITEM PR DEBIT CREDIT
5-Feb-25 PJ-1 ₱ 250,000.00
20-Feb CDJ-1 250,000.00
 MA LEE VOGUE CORPORATION
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

GRA BEE TEH CORPORATION

BALANCE DATE ITEM PR DEBIT
₱ 112,000.00 3-Feb-25 INVOICE NO. 2001, 2/10, n/30 SJ-1 ₱ 201,600.00
₱ - 6-Feb GJ-1
11-Feb CRJ-1

KONOHA COMPANY
BALANCE DATE ITEM PR DEBIT
₱ 201,600.00 1-Feb-25 BAL . INVOICE NO. 5001
22-Feb

MA LEE VOGUE CORPORATION

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

123 CORPORATION
BALANCE DATE ITEM PR DEBIT
₱ 145,600.00 8-Feb-25 n/30 PJ-1
- 10-Feb GJ-1 22,960.00

PAW PATROL COMPANY

BALANCE DATE ITEM PR DEBIT
1-Feb-25 BALANCE INVOICE 12345
16-Feb CDJ-1 25,000.00
 BALANCE
₱ 250,000.00
-
 CREDIT BALANCE
₱ 201,600.00
28,500.00 173,100.00
131,500.00 41,600.00

CREDIT BALANCE
₱ 30,000.00
30,000.00 ₱ -

CREDIT BALANCE
₱ 84,000.00 ₱ 84,000.00
61,040.00

CREDIT BALANCE
₱ 25,000.00
-
 MA LEE VOG
W
For the month

TRIAL BALANCE
ACCOUNT TITLES
DEBIT CREDIT
Cash ₱ 885,060.00
Accounts Receivable 243,200.00
Merchandise Inventory 80,000.00
Input VAT 57,566.00
Furniture and Fixtures 200,000.00
Accumulated Depreciation - Furniture and Fixtures ₱ 10,000.00
Office Equipment 60,000.00
Accumulated Depreciation - Office Equipment 5,000.00
Accounts Payable 61,040.00
Withholding Taxes Payable 200.00
Expanded Withholding Taxes Payable 1,300.00
Mandatory Premium Contributions Payable 1,200.00
Utilities Payable
Output VAT 66,600.00
Cash Dividends Payable
Ordinary Share Capital, P100 par 200,000.00
Retained Earnings 1,115,600.00
Income Summary
Sales 580,000.00
Sales Return and Allowances 25,500.00
Sales Discount 5,360.00
Purchase 448,214.00
Purchase Return and Allowances 20,500.00
Purchase Discount 25,460.00
Salaries Expenses 70,000.00
Mandatory Premium Contributions
Rent Expense 10,000.00
Utilities Expense
Supplies 2,000.00
Transportation Expense
Depreciation Expense - Furniture and Fixtures
Depreciation Expense - Office Equipment
Income Tax Expense
Miscellaneous Expense
BALANCE ₱ 2,086,900.00 ₱ 2,086,900.00
MA LEE VOGUE CORPORATION
WORKSHEET
For the month ended February 28, 2025

ADJUSTMENTS STATEMENT OF COMP. INCOME STATEMENT OF FIN. POSITION

DEBIT CREDIT DEBIT CREDIT DEBIT
₱ 885,060.00
243,200.00
₱ 80,000.00 ₱ 100,000.00 100,000.00
57,566.00
200,000.00
₱ 1,666.67
60,000.00
500.00

3,500.00
2,500.00

50,000.00

₱ 50,000.00

580,000.00
25,500.00
5,360.00
448,214.00
20,500.00
25,460.00
70,000.00
3,500.00 3,500.00
10,000.00
2,500.00 2,500.00
2,000.00

1,666.67 1,666.67
500.00 500.00
₱ 58,166.67 ₱ 58,166.67 ₱ 649,240.67 ₱ 725,960.00 ₱ 1,545,826.00
76,719.33
EMENT OF FIN. POSITION
CREDIT

₱ 11,666.67

5,500.00
61,040.00
200.00
1,300.00
4,700.00
2,500.00
66,600.00
50,000.00
200,000.00
1,065,600.00
₱ 1,469,106.67
76,719.33
 MA LEE VOGUE CORPORATION
STATEMENT OF COMPREHENSIVE INCOME
For the month ended February 28, 2025

Sales ₱ 580,000.00
Sales Return and Allowances 25,500.00
Sales Discount 5,360.00
Net Sales
Purchases ₱ 448,214.00
Purchases Return and Allowances 20,500.00
Purchase Discount 25,460.00
Net Purchase ₱ 402,254.00
Merchandise Inventory, beg 80,000.00
Merchandise Inventory, end (100,000.00)
Cost of Goods Sold
Gross Profit
Salaries Expense
Mandatory Premiums Contributions
Rent Expense
Utilities Expense
Supplies
Transportation Expense
Depreciation Expense - Furnitute and Fixture
Depreciation Expense - Office Equipment
Total Expenses
NET INCOME/(LOSS)
ION
VE INCOME
, 2025

₱ 549,140.00

382,254.00
₱ 166,886.00
70,000.00
3,500.00
10,000.00
2,500.00
2,000.00

1,666.67
500.00
₱ 90,166.67
₱ 76,719.33
 MA LEE VOGUE CORPORATION
STATEMENT OF FINANCIAL POSITION
For the month ended February 28, 2025

ASSETS
Cash ₱ 885,060.00
Accounts Receivable 243,200.00
Merchandise Inventory
100,000.00
Input VAT 57,566.00
Total Current Asset
Furniture and Fixture 200,000.00
Accumulated Depreciation - Furniture and Fixtures 11,666.67 188,333.33
Office Equipment 60,000.00
Accumulated Depreciation - Office Equipment 5,500.00 54,500.00
Total NON-Current Asset
TOTAL ASSETS
LIABILITIES
Accounts Payable 61,040.00
Withholding Taxes Payable 200.00
Expanded Withholding Taxes Payable 1,300.00
Mandatory Premium Contributions Payable
4,700.00
Output VAT 66,600.00
Utilities Payable 2,500.00
Cash Dividends Payable 50,000.00
TOTAL LIABILITIES
SHAREHOLDER'S EQUITY
Ordinary Share Capital, P100 par 200,000.00
Retained Earnings 1,142,319.33
TOTAL SHAREHOLDER'S EQUITY

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY

ON

₱ 1,285,826.00

₱ 242,833.33
₱ 1,528,659.33

₱ 186,340.00

₱ 1,342,319.33

₱ 1,528,659.33
 MA LEE VOGUE CORPORATION
STATEMENT OF CASH FLOWS
For the month ended February 28, 2025

CASH-IN ACTIVITIES
Cash Sales ₱ 134,400.00
Collection of Accounts Receivable 268,140.00
TOTAL CASH-IN ₱ 402,540.00

CASH-OUT ACTIVITIES
Purchase of Supplies ₱ 2,240.00
Purchase of Office Equipment 11,200.00
Payment of Rent 9,500.00
Remittance of Tax 1,500.00
Remittance of SSS, PH and PAGIBIG 5,500.00
Payment of accrued utilities 5,600.00
Payroll February 1-15 32,500.00
Payment of Accounts Payable 395,140.00
Cash Purchases 21,200.00
Payroll February 16-30 33,100.00
TOTAL CASH-OUT ₱ 517,480.00
Net Increase/(Decrease)
Add: Cash Balance, February 1 1,000,000.00
CASH BALANCE, February 28 ₱ 885,060.00
 MA LEE VOGUE CORPORATION
POST-CLOSING TRIAL BALANCE
February 28, 2025
Account Titles Debit Credit
Cash ₱ 885,060.00
Account Receivable 243,200.00
Merchandise Inventory 100,000.00
Input VAT 57,566.00
Furniture and Fixture 200,000.00
Accumulated Depreciation - Furniture and Fixtures ₱ 11,666.67
Office Equipment 60,000.00
Accumulated Depreciation - Office Equipment 5,500.00
Accounts Payable 61,040.00
Withholding Taxes Payable 200.00
Expanded Withholding Taxes Payable 1,300.00
Mandatory Premium Contributions Payable 4,700.00
Utilities Payable 2,500.00
Output VAT 66,600.00
Cash Dividends Payable 50,000.00
Ordinary Share Capital, P100 par 200,000.00
Retained Earnings 1,142,319.33
₱ 1,545,826.00 ₱ 1,545,826.00