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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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 | |||
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
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