Академический Документы
Профессиональный Документы
Культура Документы
Vitter Sugar Wholesale and Retail has just opened it s new accounting period.
The transactions for the year 2014 are as follows:
January
February
March
5
7
7
8
1
0
1
2
1
4
2
2
3
1
3
1
6
9
1
4
1
8
2
1
2
5
2
6
3
1
1
1
2
1
5
1
6
2
6
Purchased 120 sacks of sugar for P 216,000 from Suga Sweet Corp.
Paid salaries to store employees, P 5,720.
April
May
2
8
3
0
3
1
2
4
9
1
1
1
4
1
5
1
8
2
0
2
4
2
5
2
8
2
9
3
1
1
6
7
1
1
1
2
1
4
1
5
1
7
2
2
2
Purchased truck for P 200,000, paying P 15,000 cash as down payment and the ba
Purchased 100 sacks of sugar on account from Suga Sweet Corp. P 180,000, terms
Paid gas and oil on truck for the month, P 1,500.
Paid rent for the month, P 8,000.
Sold 90 sacks of sugar on account P 194,400 terms, 2/10, n/30.
Paid Suga Sweet Corp. in full, less discount.
Paid store rent for the month, P 8,000.
5
2
7
2
8
2
9
3
1
June
July
Collected 50% from customers billed on May 17, P 95,256, net of discount, P 1,944
Paid monthly instalment for truck, P 46,250.
Paid utilities expense for the month, P 3,000.
Purchased 100 sacks of sugar from Suga Sweet Corp. P 180,000.
3
7
1
2
1
4
1
5
1
7
1
9
2
5
2
7
2
8
2
9
3
0
3
0
2
3
9
1
0
1
2
1
3
1
7
1
Paid Suga Sweet Corp. In full, less 1% discount, P 213,840, net of discount, P 2,160
Purchased on account 90 sacks of sugar, P 162,000, terms 2/10, n/30.
Paid P 6,000 for rent on storage space.
Sold 85 sacks of sugar for cash, P 183,600.
Purchased on account 120 sacks of sugar from Suga Sweet Corp. P 216,000, terms
Sold 70 sacks of sugar for cash, P 151,200.
Sold 60 sacks of sugar on account P 129,600, terms 2/10, 1/15, n/30.
Paid monthly instalment for truck, P 46,250.
Paid salaries to store employees, P 5,720.
Paid utilities expense for the month, P 2,000.
Paid gas and oil on truck for the month, P 2,000.
8
2
3
2
5
2
8
2
9
3
1
August
Septemb
er
4
5
8
1
0
1
1
1
4
1
6
1
9
2
8
3
0
3
1
4
5
7
9
1
0
1
2
1
4
2
0
2
3
2
9
3
1
3
1
October
Novembe
r
Decembe
r
2
7
8
1
1
1
4
2
0
2
4
2
9
3
1
Purchased on account 100 sacks of sugar from Suga Sweet Corp., P 180,000 terms
6
9
1
0
1
2
1
5
2
8
2
9
4
8
9
1
4
1
Purchased on account 100 sacks of sugar from Suga Sweet Corp., P 180,000 terms
Sold 150 sacks of sugar for cash, P 324,000.
Paid P 6,000 for rent on storage space.
Paid Suga Sweet Corp. In full, less discount.
5
1
8
2
0
2
3
2
9
3
0
3
4
7
9
1
2
1
5
1
7
2
0
2
3
2
7
2
8
3
0
3
0
February
9
1
3
March
April
1
6
1
8
2
0
2
4
2
7
2
8
2
8
2
6
9
1
5
1
7
1
8
2
0
2
9
3
0
3
1
4
7
9
1
0
1
2
1
4
1
6
2
2
2
9
2
9
3
0
May
2
5
8
1
0
1
4
1
5
1
6
2
2
2
9
3
0
3
1
June
July
3
6
7
9
1
3
1
5
1
9
2
8
2
9
3
0
3
9
1
4
1
5
1
9
2
1
2
3
3
0
3
1
3
1
August
4
7
9
1
2
1
4
1
5
1
9
2
2
2
9
3
0
3
1
Septemb
er
2
8
1
0
1
1
1
2
1
3
1
6
2
1
2
8
2
9
3
0
October
Novembe
r
1
6
1
1
1
2
1
3
1
5
1
9
2
2
2
5
2
8
2
9
3
1
1
0
1
4
1
6
1
8
2
3
Decembe
r
2
9
3
0
3
0
9
1
5
1
7
2
0
2
9
3
0
3
1
3
1