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The document outlines a chart of accounts for a corporation, detailing various account categories such as assets, liabilities, equity, revenues, and expenses. It includes a post-closing trial balance as of August 31, 2020, showing debits and credits for different accounts. Additionally, it contains templates for sales, cash receipts, purchase journals, and general ledgers for recording financial transactions.

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HazEljane GDL
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33 views71 pages

FORMAT

The document outlines a chart of accounts for a corporation, detailing various account categories such as assets, liabilities, equity, revenues, and expenses. It includes a post-closing trial balance as of August 31, 2020, showing debits and credits for different accounts. Additionally, it contains templates for sales, cash receipts, purchase journals, and general ledgers for recording financial transactions.

Uploaded by

HazEljane GDL
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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CHARTS OF ACCOUNTS

111 CASH
113 ACCOUNTS RECEIVABLE
115 MERCHANDISE INVENTORY
118 INPUT VAT
121 STORE EQUIPMENT
121A ACCUMULATED DEPRECIATION-STORE EQUIPMENT
122 OFFICE EQUIPMENT
122A ACCUMULATED DEPRECIATION-OFFICE EQUIPMENT
211 ACCOUNTS PAYABLE
212 WITHHOLDING TAX PAYABLE
213 EXPANDED WITHHOLDING TAX PAYABLE
214 SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTION PAYABLE
215 UTILITIES PAYABLE
218 OUTPUT VAT
219 CASH DIVIDENDS PAYABLE
311 ORDINARY SHARES CAPITAL, P100 PAR
312 RETAINED EARNINGS
313 INCOME SUMMARY
411 SALES
412 SALES RETURNS AND ALLOWNACES
413 SALES DISCOUNTS
511 PURCHASES
512 PURCHASE RETURNS AND ALLOWANCES
513 PURCHASE DISCOUNTS
522 SALARIES EXPENSE
523 SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTION
531 RENT EXPENSE
532 UTILITIES EXPENSE
533 SUPPLIES EXPENSE
534 TRANSPORTATION EXPENSE
541 DEPRECIATION EXPENSE-STORE EQUIPMENT
542 DEPRECIATION EXPENSE-OFFICE EQUIPMENT
551 MISCELLANEOUS EXPENSES
561 INCOME TAX EXPENSES
POST-CLOSING TRIAL BALANCE AS OF AUGUST 31, 2020

PARTICULARS DEBIT
Cash ₱ 200,000.00
Accounts Receivable 25,000.00
Merchandise Inventory 100,000.00
Input VAT 12,000.00
Store Equipment 120,000.00
Accumulated Depreciation-Store Equipment
Office Equipment 81,000.00
Accumulated Depreciation-Office Equipment
Accounts Payable
Withholding Tax Payable
Expanded Withholding Tax Payable
SSS, Philhealth and PAG-IBIG Contribution Payable
Utilities Payable
Ordinary Shares Capital, P100 par
Retained Earnings
CREDIT

₱ 8,000.00

5,400.00
30,000.00
800.00
500.00
5,550.00
3,800.00
300,000.00
183,950.00
NAME COPORATION
SALES JOURNAL

DATE
YEAR INVOICE NO. ACCOUNTS DEBITED PR
MONTH DAY

TOTAL
ACCOUNTS
SALES OUTPUT VAT
RECEIVABLE
credit credit debit

₱ - ₱ - ₱ -
(XXX) (XXX) (XXX)
NAME COPORATION
CASH RECEIPTS JOURNAL

DATE
YEAR OR NO. INVOICE NO. ACCOUNTS CREDITED
MONTH DAY

TOTAL
ACCOUNTS
SALES OUTPUT VAT SALES DISCOUNT
PR RECEIVABLE
credit credit credit debit

₱ - ₱ - ₱ - ₱ -
(XXX) (XXX) (XXX) (XXX)
CASH

debit

₱ -
(XXX)
NAME COPORATION
PURCHASE JOURNAL

DATE
YEAR INVOICE NO. ACCOUNTS DEBITED PR
MONTH DAY

TOTAL
ACCOUNTS
PURCHASE INPUT VAT
PAYABLE
debit debit credit

₱ - ₱ - ₱ -
(XXX) (XXX) (XXX)
NAME COPORATION
SALES JOURNAL

DATE
CHECK VOUCHER
YEAR CHECK NO. ACCOUNTS DEBITED
NO.
MONTH DAY

TOTAL
SSS, PH and PAG- WITHHOLDING TAX
SUNDRY SALARIES EXPENSE
PR IBIG PAYABLE PAYABLE
debiT debit debit (credit) debit (credit)

₱ - ₱ - ₱ - ₱ -
(XXX) (XXX) (XXX) (XXX)
ACCOUNTS PURCHASE
INPUT VAT CASH
PAYABLE DISCOUNT
debit debit credit credit

₱ - ₱ - ₱ - ₱ -
(XXX) (XXX) (XXX) (XXX)
NAME COPORATION
GENERAL JOURNAL

DATE
YEAR PARTICULARS PR
MONTH DAY
SUMMARY:
DEBIT CREDIT
NAME COPORATION
GENERAL JOURNAL

DATE
YEAR PARTICULARS PR
MONTH DAY
DEBIT CREDIT
Account: CASH 111
Date Item PR Debit Credit Balance

Account: ACCOUNTS RECEIVABLE 113


Date Item PR Debit Credit Balance

Account: MERCHANDISE INVENTORY 115


Date Item PR Debit Credit Balance

Account: INPUT VAT 118


Date Item PR Debit Credit Balance

Account: STORE EQUIPMENT 121


Date Item PR Debit Credit Balance
Account: ACCUMULATED DEPRECIATION - STORE EQUIPMENT 121A
Date Item PR Debit Credit Balance
ABC Trading Corporation
GENERAL LEDGER

Account: OFFICE EQUIPMENT 122


Date Item PR Debit Credit Balance

Account: ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 122A


Date Item PR Debit Credit Balance

Account: ACCOUNTS PAYABLE 211


Date Item PR Debit Credit Balance

Account: WITHHOLDING TAX PAYABLE 212


Date Item PR Debit Credit Balance

Account: EXPANDED WITHHOLDING TAX PAYABLE 213


Date Item PR Debit Credit Balance
Account: SSS, PHILHEALTH, AND PAG-IBIG CONTRIBUTION PAYABLE 214
Date Item PR Debit Credit Balance
Account: UTILITIES PAYABLE 215 Account: SALES
Date Item PR Debit Credit Balance Date

Account: OUTPUT VAT 218 Account: SALES RETURN


Date Item PR Debit Credit Balance Date

Account: CASH DIVIDENDS PAYABLE 219 Account: SALES DISCOU


Date Item PR Debit Credit Balance Date

Account: ORDINARY SHARES CAPITAL, P100 PAR 311 Account: PURCHASES


Date Item PR Debit Credit Balance Date

Account: RETAINED EARNINGS 312 Account: PURCHASE RE


Date Item PR Debit Credit Balance Date
Account: INCOME SUMMARY 313 Account: PURCHASE DI
Date Item PR Debit Credit Balance Date
Account: SALES 411 Account: SALARIES EXPENSE
Item PR Debit Credit Balance Date

Account: SALES RETURNS AND ALLOWANCES 412 Account: SSS, PHILHEALTH AN


Item PR Debit Credit Balance Date

Account: SALES DISCOUNTS 413 Account: RENT EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASES 511 Account: UTILITIES EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASE RETURNS AND ALLOWANCES 512 Account: SUPPLIES EXPENSE


Item PR Debit Credit Balance Date
Account: PURCHASE DISCOUNTS 513 Account: TRANSPORTATION E
Item PR Debit Credit Balance Date
Account: SALARIES EXPENSE 522
Item PR Debit Credit Balance

Account: SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS 523


Item PR Debit Credit Balance

Account: RENT EXPENSE 531


Item PR Debit Credit Balance

Account: UTILITIES EXPENSE 532


Item PR Debit Credit Balance

Account: SUPPLIES EXPENSE 533


Item PR Debit Credit Balance
Account: TRANSPORTATION EXPENSES 534
Item PR Debit Credit Balance
Account: DEPRECIATION EXPENSE - STORE EQUIPMENT 541
Date Item PR Debit Credit Balance

Account: DEPRECIATION EXPENSE - OFFICE EQUIPMENT 542


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: MISCELLANEOUS EXPENSE 551


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: INCOME TAX EXPENSE 561


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -
Account: CASH 111
Date Item PR Debit Credit Balance

Account: ACCOUNTS RECEIVABLE 113


Date Item PR Debit Credit Balance

Account: MERCHANDISE INVENTORY 115


Date Item PR Debit Credit Balance

Account: INPUT VAT 118


Date Item PR Debit Credit Balance

Account: STORE EQUIPMENT 121


Date Item PR Debit Credit Balance
Account: ACCUMULATED DEPRECIATION - STORE EQUIPMENT 121A
Date Item PR Debit Credit Balance
NAME COPORATION
GENERAL LEDGER

Account: OFFICE EQUIPMENT 122


Date Item PR Debit Credit Balance

Account: ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 122A


Date Item PR Debit Credit Balance

Account: ACCOUNTS PAYABLE 211


Date Item PR Debit Credit Balance

Account: WITHHOLDING TAX PAYABLE 212


Date Item PR Debit Credit Balance

Account: EXPANDED WITHHOLDING TAX PAYABLE 213


Date Item PR Debit Credit Balance
Account: SSS, PHILHEALTH, AND PAG-IBIG CONTRIBUTION PAYABLE 214
Date Item PR Debit Credit Balance
Account: UTILITIES PAYABLE 215 Account: SALES
Date Item PR Debit Credit Balance Date

Account: OUTPUT VAT 218 Account: SALES RETURN


Date Item PR Debit Credit Balance Date

Account: CASH DIVIDENDS PAYABLE 219 Account: SALES DISCOU


Date Item PR Debit Credit Balance Date

Account: ORDINARY SHARES CAPITAL, P100 PAR 311 Account: PURCHASES


Date Item PR Debit Credit Balance Date

Account: RETAINED EARNINGS 312 Account: PURCHASE RE


Date Item PR Debit Credit Balance Date
Account: INCOME SUMMARY 313 Account: PURCHASE DI
Date Item PR Debit Credit Balance Date
Account: SALES 411 Account: SALARIES EXPENSE
Item PR Debit Credit Balance Date

Account: SALES RETURNS AND ALLOWANCES 412 Account: SSS, PHILHEALTH AN


Item PR Debit Credit Balance Date

Account: SALES DISCOUNTS 413 Account: RENT EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASES 511 Account: UTILITIES EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASE RETURNS AND ALLOWANCES 512 Account: SUPPLIES EXPENSE


Item PR Debit Credit Balance Date
Account: PURCHASE DISCOUNTS 513 Account: TRANSPORTATION E
Item PR Debit Credit Balance Date
Account: SALARIES EXPENSE 522
Item PR Debit Credit Balance

Account: SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS 523


Item PR Debit Credit Balance

Account: RENT EXPENSE 531


Item PR Debit Credit Balance

Account: UTILITIES EXPENSE 532


Item PR Debit Credit Balance

Account: SUPPLIES EXPENSE 533


Item PR Debit Credit Balance
Account: TRANSPORTATION EXPENSES 534
Item PR Debit Credit Balance
Account: DEPRECIATION EXPENSE - STORE EQUIPMENT 541
Date Item PR Debit Credit Balance

Account: DEPRECIATION EXPENSE - OFFICE EQUIPMENT 542


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: MISCELLANEOUS EXPENSE 551


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: INCOME TAX EXPENSE 561


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -
Account: CASH 111
Date Item PR Debit Credit Balance

Account: ACCOUNTS RECEIVABLE 113


Date Item PR Debit Credit Balance

Account: MERCHANDISE INVENTORY 115


Date Item PR Debit Credit Balance

Account: INPUT VAT 118


Date Item PR Debit Credit Balance

Account: STORE EQUIPMENT 121


Date Item PR Debit Credit Balance
Account: ACCUMULATED DEPRECIATION - STORE EQUIPMENT 121A
Date Item PR Debit Credit Balance
NAME COPORATION
GENERAL LEDGER

Account: OFFICE EQUIPMENT 122


Date Item PR Debit Credit Balance

Account: ACCUMULATED DEPRECIATION - OFFICE EQUIPMENT 122A


Date Item PR Debit Credit Balance

Account: ACCOUNTS PAYABLE 211


Date Item PR Debit Credit Balance

Account: WITHHOLDING TAX PAYABLE 212


Date Item PR Debit Credit Balance

Account: EXPANDED WITHHOLDING TAX PAYABLE 213


Date Item PR Debit Credit Balance
Account: SSS, PHILHEALTH, AND PAG-IBIG CONTRIBUTION PAYABLE 214
Date Item PR Debit Credit Balance
Account: UTILITIES PAYABLE 215 Account: SALES
Date Item PR Debit Credit Balance Date

Account: OUTPUT VAT 218 Account: SALES RETURN


Date Item PR Debit Credit Balance Date

Account: CASH DIVIDENDS PAYABLE 219 Account: SALES DISCOU


Date Item PR Debit Credit Balance Date

Account: ORDINARY SHARES CAPITAL, P100 PAR 311 Account: PURCHASES


Date Item PR Debit Credit Balance Date

Account: RETAINED EARNINGS 312 Account: PURCHASE RE


Date Item PR Debit Credit Balance Date
Account: INCOME SUMMARY 313 Account: PURCHASE DI
Date Item PR Debit Credit Balance Date
Account: SALES 411 Account: SALARIES EXPENSE
Item PR Debit Credit Balance Date

Account: SALES RETURNS AND ALLOWANCES 412 Account: SSS, PHILHEALTH AN


Item PR Debit Credit Balance Date

Account: SALES DISCOUNTS 413 Account: RENT EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASES 511 Account: UTILITIES EXPENSE


Item PR Debit Credit Balance Date

Account: PURCHASE RETURNS AND ALLOWANCES 512 Account: SUPPLIES EXPENSE


Item PR Debit Credit Balance Date
Account: PURCHASE DISCOUNTS 513 Account: TRANSPORTATION E
Item PR Debit Credit Balance Date
Account: SALARIES EXPENSE 522
Item PR Debit Credit Balance

Account: SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS 523


Item PR Debit Credit Balance

Account: RENT EXPENSE 531


Item PR Debit Credit Balance

Account: UTILITIES EXPENSE 532


Item PR Debit Credit Balance

Account: SUPPLIES EXPENSE 533


Item PR Debit Credit Balance
Account: TRANSPORTATION EXPENSES 534
Item PR Debit Credit Balance
Account: DEPRECIATION EXPENSE - STORE EQUIPMENT 541
Date Item PR Debit Credit Balance

Account: DEPRECIATION EXPENSE - OFFICE EQUIPMENT 542


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: MISCELLANEOUS EXPENSE 551


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -

Account: INCOME TAX EXPENSE 561


Date Item PR Debit Credit Balance
SEPT. 01 BEG. BALANCE / ₱ -
₱ -
NAME COPORATION
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Account: Account:
Date Item PR Debit Credit Balance Date Item

Account: Account:
Date Item PR Debit Credit Balance Date Item
PR Debit Credit Balance

PR Debit Credit Balance


NAME COPORATION
ACCOUNTS PAYABLE SUBSIDIARY LEDGER

Account: Account:
Date Item PR Debit Credit Balance Date Item

Account: Account:
Date Item PR Debit Credit Balance Date Item
PR Debit Credit Balance

PR Debit Credit Balance


NAME COPOR

FOR THE MONT

TRIAL BALANCE
ACCOUNTS TITLES

DEBIT CREDIT
CASH
ACCOUNTS RECEIVABLE
MERCHANDISE INVENTORY
INPUT VAT
STORE EQUIPMENT
ACCUMULATED DEPRECIATION -STORE EQUIPMENT
OFFICE EQUIPMENT
ACCUMULATED DEPRECIATION -OFFICE EQUIPMENT
ACCOUNTS PAYABLE
WITHHOLDING TAX PAYABLE
EXPANDED WITHHOLDING TAX PAYABLE
SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS PAYABLE
OUTPUT VAT
ORDINARY SHARE CAPITAL, P100 PAR
RETAINED EARNINGS
SALES
SALE RETURNS AND ALLOWANCES
SALE DISCOUNT
PURCHASES
PURCHASE RETURNS AND ALLOWANCES
PURCHASE DISCOUNT
SALARIES EXPNSE
RENT EXPENSE
SUPPLIES EXPENSE
TOTALS ₱ - ₱ -

ADJUSTMENTS:
UTILITIES PAYABLE
UTILITIES EXPENSE
SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTION
CASH DIVIDENDS PAYABLE
DEPRECIATION EXPENSE-STORE EQUIPMENT
DEPRECIATION EXPENSE-OFFICE EQUIPMENT
TOTALS
NET INCOME (LOSS)
TOTALS
NAME COPORATION
WORKSHEET
FOR THE MONTH ENDED

STATEMENT OF COMPREHENSIVE
ADJUSTMENTS STATEMENT OF FINANCIAL POSITION
INCOME

DEBIT CREDIT DEBIT CREDIT DEBIT

₱ - ₱ - ₱ - ₱ - ₱ -
MENT OF FINANCIAL POSITION

CREDIT

₱ -
NAME COPORATION
STATEMENT OF FINANCIAL POSITION
AS OF

ASSETS
CASH
ACCOUNTS RECEIVABLE
MERCHANDISE INVENTORY
TOTAL CURRENT ASSETS

STORE EQUIPMENT
ACCUMULATED DEPRECIATION -STORE ₱ -
OFFICICE EQUIPMENT
ACCUMULATED DEPRECIATION -OFFICE ₱ -
TOTAL NON-CURRENT ASSETS

TOTAL ASSETS

LIABILITIES
ACCOUNTS PAYABLE
WITHHOLDING TAX PAYABLE
EXPANDED WITHHOLDING TAX PAYABLE
SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS PAYABLE
OUTPUT VAT
UTILITIES PAYABLE
CASH DIVIDENDS PAYABLE
TOTAL LIABILITIES

SHAREHOLDERS' EQUITY
ORDINARY SHARE CAPITAL, P100 PAR
RETAINED EARNINGS
TOTAL SHAREHOLDR' EQUITY

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY


OPORATION
FINANCIAL POSITION

₱ -

₱ -

₱ -

₱ -

DERS' EQUITY

₱ -

₱ -
NAME COPORATION
STATEMENT OF COMPREHENSIVE INCOME
FOR THE MONTH ENDED

SALES
SALES RETURNS AND ALLOWANCES
SALES DISCOUNT
NET SALES
COST OF GOODS SOLD:
MERCHANDISE INVENTORY, BEG.
PURCHASES
PURCHASE RETURNS AND ALLOWANCES
PURCHASE DISCOUNT
NET PURCHASES ₱ -
COST OF GOODS AVAILABLE FOR SALE
MERCHANDISE INVENTORY, END
GROSS PROFIT
EXPENSES:
SALARIES EXPENSES
SSS, PHILHEALTH AND PAG-IBIG CONTRIBUTIONS
RENT EXPENSES
UTILITIES EXPENSES
SUPPLIES EXPENSES
TRANSPORTATION EXPENSES
DEPRECIATION -STORE EQUIPMENT
DEPRECIATION -OFFICE EQUIPMENT
NET INCOME (LOSS)
₱ -

₱ -
₱ -

₱ -
₱ -
NAME COPORATION
STATEMENT OF CASH FLOWS
FOR THE MONTH ENDED
CASH -IN ACTIVITIES
CASH SALES
CASH COLLECTION

TOTAL CASH-IN ₱ -

CASH-OUT ACTIVITIES
PURCHASE OF SUPPLIES
PURCHASE OF OFFICE EQUIPMENT
RENT PAYMENT
WITHHOLDING TAXES PAYABLE
SSS, PHILHEALTH AND PAG-IBIG REMITTANCE
PAYMENT OF UTILITIES PAYABLE
PAYROLL FOR 1ST HALF (
PAYMENT OF ACCOUNTS
CASH PURCHASES
PAYROLL FOR 2ND HALF (

TOTAL CASH-OUT ₱ -

NET INCREASE (DECREASE)


CASH BALANCE, BEG.
CASH BALANCE, END ₱ -
NAME COPORATION
POST-CLOSING TRIAL BALANCE
FOR THE MONTH ENDED

PARTICULARS DEBIT CREDIT

TOTALS ₱ - ₱ -

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