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The document contains the general ledgers and journals for V. Ayuban Company, Korondal Commercial Center, and M'lang Commercial, detailing transactions for March and July. It includes entries for cash, purchases, sales, accounts payable, and various expenses, with totals for each company. The overall total for V. Ayuban Company is 1,068,540, for Korondal Commercial Center is 619,000, and for M'lang Commercial is 2,028,250.

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18 views

10-2

The document contains the general ledgers and journals for V. Ayuban Company, Korondal Commercial Center, and M'lang Commercial, detailing transactions for March and July. It includes entries for cash, purchases, sales, accounts payable, and various expenses, with totals for each company. The overall total for V. Ayuban Company is 1,068,540, for Korondal Commercial Center is 619,000, and for M'lang Commercial is 2,028,250.

Uploaded by

janasnsai
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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V.

Ayuban Company
General Ledger
Date Particulars F Debit Credit
March 1 Cash in Bank 300,000
Furniture and Fixtures 150,000
V. Ayuban Capital 300,000
Cash in Bank 150,000

2 Taxes and Licenses 2,400


Cash in Bank 2,400

4 Office Equiptment 250,000


Accounts Payable 250,000

5 Store Supplies Inventory 15,000


Accounts Payable 15,000

8 Purchases 75,000
Cash in Bank 75,000

10 Cash in Bank 10,000


Sales 10,000

11 Purchases 25,000
Accounts Payable 25,000

15 Accounts Recievable 15,000


Sales 15,000

17 Purchaces 60,000
Freight-In 1,000
Cash in Bank 61,000

19 Cash in Bank 20,000


Freight-Out 1,500
Sales 21,500

20 Accounts Payable 25,000


Cash in Bank (25,000 x 98%) 24,500
Purchase Discount (25,000 x 2%) 500

23 Rent Expense 10,000


Cash in Bank 10,000

24 Cash in Bank (15,000 x 97%) 14,550


Sales Discounts (15,000 x 3%) 450
Accounts Recievable 15,000

26 Purchases 15,000
Freight-In 800
Accounts Payable 15,000
Cash 800

27 Purchases 19,000
Cash in Bank 19,000

28 Cash in Bank 7,840


Sales 7,840

29 Advertising Expense 2,500


Cash in Bank 2,500

30 Accounts Payable 28,500


Sales 28,500

31 Salaries Expense 20,000


Cash in Bank 20,000
TOTAL 1,068,540 1,068,540
Korondal Commercial Center
General Journal
Date Particular F Debit Credit
July 1 Purchases 50,000
Cash in Bank 50,000

3 Cash in Bank 6,000


Purchase Return and Allowance 6,000

4 Purchase 20,000
Accounts Payable 20,000

6 Cash in Bank 2,000


Purchase Return and Allowance 2,000

7 Accounts Payable 20,000


Cash in Bank (20,000 x 98%) 19,600
Purchase Discount (20,000 x 2%) 400

8 Cash in Bank 35,000


Sales 35,000

9 Sales Returns and Allowance 2,000


Cash in Bank 2,000

10 Accounts Recievable 20,000


Sales 20,000

11 Sales Returns and Allowance 3,000


Cash in Bank 3,000

12 Cash in Bank 20,000


Accounts Recieveable (20,000 x 97%) 19,400
Purchase Discount (20,000 x 3%) 600

13 Purchases 30,000
Cash in Bank 30,000

14 Cash in Bank 1,000


Purchase Returns and Allowance 1,000

15 Purchases 20,000
Accounts Payable 20,000

16 Cash in Bank 2,500


Purchase Return and Allowance 2,500

17 Accounts Payable 17,500


Cash in Bank (17,500 x 90%) 15,750
Purchase Discount (17,500 x 10%) 1,750

18 Cash in Bank 300,000


M. Capistrano Capital 300,000

19 Drawing 50,000
Cash in Bank 50,000

20 Salaries Expense 20,000


Cash in Bank 20,000
Total 619,000 619,000
M'lang Commercial
General Journal
Date Particulars F Debit Credit
January 1 Cash in Bank 950,000
Accounts Receivable 120,000
Merchandise Inventory 150,000
Accounts Payable 130,000
G. Halangdon Capital 1,090,000

1 Purchases 80,000
Accounts Payable 80,000

2 Accounts Payable 2,000


Purchase Returns and Allowance 2,000

3 Cash in Bank 117,600


Sales Discounts (120,000 x 2%) 2400
Accounts Receivable (120,000 x 98%) 120,000

4 Accounts Receivable 35,000


Freight-Out 200
Cash in Bank 35,200

5 Accounts Payable 130,000


Cash in Bank (130,000 x 98%) 127,400
Purchase Discount (130,000 x 2%) 2,600

6 Cash in Bank 800


Purchase Returns and Allowance 800

7 Purchases 80,000
Accounts Payable 80,000

8 Purchases 38,800
Frieght-In 350
Cash in Bank 39,150
100,000
10 Accounts Receivable 100,000
Sales

17 Accounts Payable 80,000


Cash in Bank (80,000 x 97%) 77,600
Purchase Discount (80,000 x 3%) 2,400

19 Accounts Payable 78,000


Cash in Bank (78,000 x 98%) 76,440
Purchase Discount (78,000 x 2%) 1,560

20 Purchases 60,450
Cash in Bank 60,450

21 Cash in Bank 2,500


Freight-In 150
Purchase Returns and Allowance 2,500
Cash in Bank 150
Total 2,028,250 2,028,250

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