Practice Set- basic accounting

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Date 2-Jan 3-Jan 4-Jan

ACCOUNT TITLE Accounts receivable purchases cash Sales Discount

Ref 120 510 110 430

Debit 240,000.00 90,000.00 205,800.00 4,200.00

5-Jan 7-Jan

Cash Accounts Payable

110 220

430,000.00 130,000.00

8-Jan

Account receivable

9-Jan

Accounts Payable

10-Jan

Cash Sales Discounts

235,200.00 4,800.00

11-Jan

Purchases

120,000.00

11-Jan

Accounts Payable

80,000.00

12-Jan

Purchases

70,000.00

13-Jan

Accounts Receivable

14-Jan

Interest Expense

10,000.00

15-Jan

Salaries Expense

80,000.00

17-Jan

Purchases

190,000.00

18-Jan

Accounts Receivable

460,000.00

19-Jan

Advances of Officers

100,000.00

20-Jan

Treasury Stock

19,000.00

21-Jan

Office Supplies

40,000.00

22-Jan

Transportation in

20,000.00

22-Jan

Cash

310,000.00 10,000.00

130,000.00

127,400.00

Sales Discount

2,600.00

23-Jan

Accounts Receivable

110,000.00

24-Jan

Sales returns and allowances

25-Jan

Cash

280,000.00

25-Jan

Purchases

340,000.00

26-Jan

Accounts Payable

27-Jan

Cash

170,000.00

28-Jan

Purchases

270,000.00

29-Jan

Accounts Receivable

170,000.00

30-Jan

Purchases

360,000.00

30-Jan

Cash

1,310,000.00

31-Jan

Cash

15,750.00

31-Jan

Rent Expense

15,000.00

30,000.00

90,000.00

Date 2-Jan 3-Jan 4-Jan

ACCOUNT TITLE Sales Accounts payable Accounts Receivable

Ref 410 220 120

Credit 240,000.00 90,000.00 210,000.00

5-Jan 7-Jan

sales Cash Purchase Discounts

410

430,000.00 126,100.00 3,900.00

8-Jan

Sales

9-Jan

Purchase Returns and Allowances

10-Jan

Accounts Receivable

240,000.00

11-Jan

Accounts Payable

120,000.00

11-Jan

Cash Purchase Discounts

77,600.00 2,400.00

12-Jan

Cash

70,000.00

13-Jan

sales

130,000.00

Cash

10,000.00

SSS/PHIC Payable Withholding Tax payable cash

5,000.00 1,500.00 73,500.00

310,000.00 10,000.00

Accounts Payable

190,000.00

Sales

460,000.00

Cash

100,000.00

Cash

19,000.00

Cash

40,000.00

Cash

20,000.00

Accounts Receivable

130,000.00

Sales

110,000.00

Accounts Receivable

30,000.00

Accounts Receivable

280,000.00

Accounts Pyable

340,000.00

Cash

90,000.00

Notes Payable

170,000.00

Accounts Payable

270,000.00

Sales

170,000.00

Accounts Payable

360,000.00

Sales

1,310,000.00

Treasury Stock Share Premium- treasury Stock

14,250.00 1,500.00

Withholding Tax payable Cash

750.00 14,250.00

Date

OR. NO. 4-Jan

Particulars 3005 Collection of Cielo Bonita's credit

CASH

DEBITS SALES DISCOUNTS PR 205,800.00 4,200.00

CREDITS

CREDITS ACCOUNTS RECEIVABLE ACCOUNT TITLES 210,000.00

SUNDRIES PR DR

CR

DATE

INV. NO.

12/28/2012 jan 2, 2013

316 5-Jan

317

PARTICULARS

Sold Merchandise on credit to April Anne Sold Merchandise invoice no. 317

TERMS

2/10, n/30

DEBITS PR

CASH

430,000.00

ACCOUNTS RECEIVABLE 210,000.00 240,000.00

CREDITS SALES 240,000.00 430,000.00

DATE

CV NO.

PARTICULARS

CREDITS CASH

PURCH DISC

PR

DEBITS ACCOUNTS PAYABLE

SALARIES

OFFICE SUPPLIES

SUND TRANSPORTATION IN

ADVANCE OF OFFICERS

ACCOUNT TITLES

SUNDRIES PR

DR

CR

DATE December 29, 2012

RR NO. 1001

PARTICULARS Purch. Of Merchandise on account from Tony Company

TERMS 3/10,n/10

CREDITS ACCOUNTS PAYABLE 130,000.00

DEBITS PURCHASES 130,000.00

SUND ACCOUNT TITLES

SUNDRIES PR

DR

CR

DATE

JV NO.

PARTICULARS

PR

DEBITS

CREDITS

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