GENERAL JOURNAL Page 1         Date Explanation F Debit Credit   2015           JULY 1 CASH           250,000         MERCHANDISE INVENTORY             60,000         HENRY SY CAPITAL             310,000                 2 DADA STORE             19,936         SALES                17,800       VAT PAYABLE                  2,136                 3 CASH              31,920         SALES                28,500       VAT PAYABLE                  3,420                 4 SALES RETURN AND ALLOWANCES 780         ACCOUNTS RECEIVABLE   780                 5 TELEPHONE EXPENSE 550         UTILITIES PAYABLE   550                 10 BANK 49500         INTEREST EXPENSE 500         BANK LOAN   50000                 11 TELEPHONE EXPENSE 550         BANK   550                 13 TABLES AND CHAIRS A/C 35000         VAT PAID 4200         BANK   3920       PRIME FURNITURE HOUSE A/C   35280                 14 MERCHANDISE (GOODS) 60000         VAT PAID 7200         BANK   13440       GENERAL MERCHANDISERS A/C   53760                 15 SALARIES EXPENSE 20000         BANK   18000       WITHHOLDING TAX PAYABLE   2000                 16 MERCHANDISE (GOODS) 7500         VAT PAID 900         BANK   8400                 18 MERCHANDISE 75000         VAT PAID 9000         DALE MANUFACTURERS A/C   84000                 19 CASH 900         VAT REFUND RECEIVABLE 108         MERCHANDISE   1008                 19 GENERAL MERCHANDISERS 53760         BANK   53760                 20 CASH (ALLOWANCE) 1000         VAT REFUND RECEIVABLE 120         DALE MANUFACTURERS A/C   1120                 21 CASH 30240         MERCHANDISE   27000       VAT PAYABLE   3240                 22 YSSA STORE A/C 22,400         CASH 5,600         SALES   25000       VAT PAYABLE   3000                 23 PRIME FURNITURE HOUSE 35280         CASH/BANK   35280                 23 DALE MANUFACTURERS 85120         CASH/BANK   84280       DISCOUNT RECEIVED   840                 25 CASH/BANK 19156         DADA STORE A/C   19156                 25 MERCHANDISE(GOODS) 10800         VAT PAID 1296         DALE MANUFACTURERS   12096                 26 COLETTE STORE A/C 7795         CASH/BANK 1949         SALES   8700       VAT PAYABLE   1044                 27 OFFICE SUPPLIES 3000         VAT PAID 360         CROWN SUPPLIES A/C   3360                 27 ALLISON STORE 5600         SALES   5000       VAT PAYABLE   600                 31 CROWN SUPPLIES 3360         BANK   3360                 31 BANK/CASH 7795         COLETTE STORE A/C   7795                 31 SALARIES 20000         10% TAX PAYABLE   2000       3%SSS PAYABLE   600       1.5% PHILHEALTH PAYABLE   300       2% PAG-IBIG    400       BANK/CASH   16700                 31 VAT PAYABLE 13440         VAT RECEIVABLE 9744         VAT PAID   23184                             HELP ME ON ENTERING THE SALES JOURNAL AND PURCHASE JOURNAL

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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GENERAL JOURNAL Page 1        
Date Explanation F Debit Credit  
2015          
JULY 1 CASH           250,000    
    MERCHANDISE INVENTORY             60,000    
    HENRY SY CAPITAL             310,000  
           
  2 DADA STORE             19,936    
    SALES                17,800  
    VAT PAYABLE                  2,136  
           
  3 CASH              31,920    
    SALES                28,500  
    VAT PAYABLE                  3,420  
           
  4 SALES RETURN AND ALLOWANCES 780    
    ACCOUNTS RECEIVABLE   780  
           
  5 TELEPHONE EXPENSE 550    
    UTILITIES PAYABLE   550  
           
  10 BANK 49500    
    INTEREST EXPENSE 500    
    BANK LOAN   50000  
           
  11 TELEPHONE EXPENSE 550    
    BANK   550  
           
  13 TABLES AND CHAIRS A/C 35000    
    VAT PAID 4200    
    BANK   3920  
    PRIME FURNITURE HOUSE A/C   35280  
           
  14 MERCHANDISE (GOODS) 60000    
    VAT PAID 7200    
    BANK   13440  
    GENERAL MERCHANDISERS A/C   53760  
           
  15 SALARIES EXPENSE 20000    
    BANK   18000  
    WITHHOLDING TAX PAYABLE   2000  
           
  16 MERCHANDISE (GOODS) 7500    
    VAT PAID 900    
    BANK   8400  
           
  18 MERCHANDISE 75000    
    VAT PAID 9000    
    DALE MANUFACTURERS A/C   84000  
           
  19 CASH 900    
    VAT REFUND RECEIVABLE 108    
    MERCHANDISE   1008  
           
  19 GENERAL MERCHANDISERS 53760    
    BANK   53760  
           
  20 CASH (ALLOWANCE) 1000    
    VAT REFUND RECEIVABLE 120    
    DALE MANUFACTURERS A/C   1120  
           
  21 CASH 30240    
    MERCHANDISE   27000  
    VAT PAYABLE   3240  
           
  22 YSSA STORE A/C 22,400    
    CASH 5,600    
    SALES   25000  
    VAT PAYABLE   3000  
           
  23 PRIME FURNITURE HOUSE 35280    
    CASH/BANK   35280  
           
  23 DALE MANUFACTURERS 85120    
    CASH/BANK   84280  
    DISCOUNT RECEIVED   840  
           
  25 CASH/BANK 19156    
    DADA STORE A/C   19156  
           
  25 MERCHANDISE(GOODS) 10800    
    VAT PAID 1296    
    DALE MANUFACTURERS   12096  
           
  26 COLETTE STORE A/C 7795    
    CASH/BANK 1949    
    SALES   8700  
    VAT PAYABLE   1044  
           
  27 OFFICE SUPPLIES 3000    
    VAT PAID 360    
    CROWN SUPPLIES A/C   3360  
           
  27 ALLISON STORE 5600    
    SALES   5000  
    VAT PAYABLE   600  
           
  31 CROWN SUPPLIES 3360    
    BANK   3360  
           
  31 BANK/CASH 7795    
    COLETTE STORE A/C   7795  
           
  31 SALARIES 20000    
    10% TAX PAYABLE   2000  
    3%SSS PAYABLE   600  
    1.5% PHILHEALTH PAYABLE   300  
    2% PAG-IBIG    400  
    BANK/CASH   16700  
           
  31 VAT PAYABLE 13440    
    VAT RECEIVABLE 9744    
    VAT PAID   23184  
           
           
 
HELP ME ON ENTERING THE SALES JOURNAL AND PURCHASE JOURNAL
 
SALES JOURNAL
DEBITS
CREDIT
Inv.
Асcounts
Output
Date
Sold To
Terms
No.
F
Receivable
Sales
Таx
PURCHASES JOURNAL
CREDITS
Аccounts
DEBITS
INV
Input
Date
Bought From
Terms
NO.
F
Purchases
Таx
Payable
Transcribed Image Text:SALES JOURNAL DEBITS CREDIT Inv. Асcounts Output Date Sold To Terms No. F Receivable Sales Таx PURCHASES JOURNAL CREDITS Аccounts DEBITS INV Input Date Bought From Terms NO. F Purchases Таx Payable
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