AMV BOOKSTORE & EDUCATIONAL SUPPLY

Cash
General Ledger – 101
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning Balance ₱ 250,000 Jan 07, 2018 Partial payment to ₱ 29,000
Publishing House B
Jan 31, 2018 Collection from Mr. Feb 20 Partial payment to 65,000
Co 80,000 Publishing House B
Feb 14 Cash sales 200,000 28 Withdrawal for 10,000
Personal use
Mar 04 Collection from Mr. 75,000 Mar 15 Payments to Mrs. 62,000
Tabag Beticon
19 Cash sales 50,000 May 03 Partial payment to 24,500
Bookstore B
Apr 09 Collection from Mr. 30,000 June 30 Partial payment to 10,000
Volfango Bookstore C
14 Cash sales 70,000 July 19 Partial payment to 12,000
Publishing House A
May 17 Collection from Ms. 19,800 Sep 19 Partial payment to 20,000
Madrid Bookstore A
July 30 Additional investment 40,000 20 Partial payment to
Bookstore A 5,000
Aug 20 Collection from Ms. 10,000 Oct 07 Payment for delivery
Sta. Maria 4,000
21 Collection from Mr. 60,000 31 Withdrawal for 15,000
Hizon personal use
Dec 09 Collection from Mrs. 77,000 Nov 19 Payment of salaries 33,000
Hinayon
17 Cash sales 400,000 30 Partial payment to 28,000
Bookstore B
30 Payment for Utilities 30,000

Dec 02 Payment for salaries 50,000

15 Payment for 15,000

mortgage
17 Payment for interest
4,000
Total 1,361,800 Total 416,500

Balance as of Dec 31, ₱ 945,300

2018
 AMV BOOKSTORE & EDUCATIONAL SUPPLY

Accounts Receivable
General Ledger – 102
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning balance ₱ 100,000 Jan 31, 2018 Collections from Mr. ₱ 80,000
Co
Mar 02, 2018 Credit sales to Mr. Mar 04 Collections from Mr. 75,000
Tabag 100,000 Tabag
Apr 07 Credit sales to Ms. Apr 09 Collections from Mr. 30,000
Madrid 20,000 Volfango
07 Credit sales to Mr. May 17 Collections from Ms. 20,000
Volfango 30,000 Madrid
June 27 Credit sales to Ms. Aug 20 Collections from Ms. 10,000
Sta. Maria 10,000 Sta. Maria
July 09 Credit sales to Mrs. 21 Collections from Mr. 60,00
Hinayon 95,000 Hizon
21 Credit sales to Mr. Dec 09 Collections from 77,00
Hizon 85,000 Mrs. Hinayon
Dec 12 Credit sales to Mr. 14 Returned goods from 1,000
Hizon 25,000 Mr. Hizon
Total 465,000 Total 353,000

Balance as of Dec 31, ₱ 112,000

2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Allowance for Doubtful Accounts

General Ledger – 103
Date Particulars F Debit Date Particulars F Credit
Dec 31, Beginning balance ₱ 4,000
2017

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Inventory
General Ledger – 104
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning balance ₱ 50,000
 AMV BOOKSTORE & EDUCATIONAL SUPPLY

Supplies
General Ledger – 105
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning balance ₱ 4,000

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Prepaid Insurance
General Ledger – 106
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning balance ₱ 22,000

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Land
General Ledger – 201

Date Particulars F Debit Date Particulars F Credit

Dec 31, 2017 Beginning balance ₱ 300,000

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Building
General Ledger – 202
Date Particulars F Debit Date Particulars F Credit
Dec 31, 2017 Beginning balance ₱ 450,000

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Accounts Payable
General Ledger – 301
Date Particulars F Debit Date Particulars F Credit
Jan 07, 2018 Partial payment to ₱ 29,000 Dec 31, Beginning balance ₱ 62,000
Publishing House B 2017
Feb 20 Partial payment to 65,000 Jan 05, Purchases on account 286,000
Publishing House B 2018 to Publishing House
B
Mar 15 Payment to Mrs. 62,000 Feb 13 Purchases on account 90,000
Beticon to Publishing House
B
May 03 Partial payment to 25,000 Apr 30 Purchases on account 75,000
Bookstore B to Bookstore B
June 30 Partial payment to 10,000 June 07 Purchases on account 35,000
Bookstore C to Bookstore C
July 19 Partial payment to 12,000 July 14 Purchases on account 95,000
Publishing House A to Publishing House
A
Sept 19 Partial payment to 20,000 Sept 11 Purchases on account 370,000
Bookstore A to Bookstore A
20 Partial payment to 5,000 Nov 17 Purchases on account 150,000
Bookstore A to Book Store B
Nov 18 Returned defective 5,000
good to Bookstore B
30 Partial payment to 28,000
Bookstore B
Total 260,000 Total 1,163,000

Balance as of Dec 902,000

31,2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Mortgage Payable
General Ledger - 401
Date Particulars F Debit Date Particulars F Credit
Dec 15, 2018 Payment to mortgage ₱ 15,000 Dec 31, Beginning balance ₱475,000
2017
Balance as of Dec 31, ₱460,000
2018
 AMV BOOKSTORE & EDUCATIONAL SUPPLY

Velasco, Capital
General Ledger – 501
Date Particulars F Debit Date Particulars F Credit
Dec 31, Beginning balance ₱625,000
2017
July 30, Additional Investment 40,000
2018
Balance as of Dec 31, 665,000
2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Velasco, Drawing
General Ledger – 502
Date Particulars F Debit Date Particulars F Credit
Feb 28, 2018 Withdrawal for ₱ 10,000
personal use
Oct 31 Withdrawal for 15,000
personal use
Balance as of Dec 31, ₱ 25,000
2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Sales
General Ledger – 601
Date Particulars F Debit Date Particulars F Credit

Feb 14 Cash sales ₱200,000

Mar 02 Credit sales to Mr. 100,000

Tabag
19 Cash sales 50,000

Apr 07 Credit sales to Ms. 20,000

Madrid
07 Credit sales to Mr. 30,000
Volfango
 14 Cash sales 70,000

June 27 Credit sales to Ms. 10,000

Sta. Maria
July 09 Credit sales to Mrs. 95,00
Hinayon
21 Credit sales to Mr. 85,000
Hizon
Dec 12 Credit sales to Mr. 25,000
Hizon
17 Cash sales 400,00

Balance as of Dec 31, 1,805,000

2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Sales Returns & Allowances

General Ledger – 602
Date Particulars F Debit Date Particulars F Credit
Dec 14, 2018 Returned goods from ₱ 1,000
Mr. Hizon

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Sales Discounts
General Ledger – 603

Date Particulars F Debit Date Particulars F Credit

May 17, Collection from Ms. ₱ 200

2018 Madrid

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Purchases
General Ledger – 701
Date Particulars F Debit Date Particulars F Credit
 Jan 05 Purchases on account ₱286,000
to Publishing House
B
Feb 13 Purchases on account 90,000
to Publishing House
B
Apr 30 Purchases on account 7,500
to Bookstore B
June 07 Purchases on account 35,000
to Bookstore C
July 14 Purchases on account 95,000
to Publishing House
A
Sept 11 Purchases on account 370,000
to Bookstore A
Nov 17 Purchases on account 150,000
to Bookstore B
Balance as of Dec 31, ₱1,101,000
2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Purchase Returns & Allowances

General Ledger – 702

Date Particulars F Debit Date Particulars F Credit

Nov 18, Returned defective ₱ 5,000

2018 goods to Bookstore B
Balance as of Dec 31, 5,000
2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Purchase Discount

General Ledger – 703

Date Particulars F Debit Date Particulars F Credit

May 03, 2018 Partial payment to ₱ 500

Bookstore B
 AMV BOOKSTORE & EDUCATIONAL SUPPLY

Freight-in
General Ledger – 704

Date Particulars F Debit Date Particulars F Credit

Oct 07, 2018 Payment for delivery ₱ 4,000

charge

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Salaries Expense
General Ledger – 706

Date Particulars F Debit Date Particulars F Credit

Nov 19, 2018 Payment of Salaries ₱ 33,000

Dec 02 Payment of salaries 50,000

Balance as of Dec 31, 83,000

2018

AMV BOOKSTORE & EDUCATIONAL SUPPLY

Utilities Expense
General Ledger – 707

Date Particulars F Debit Date Particulars F Credit

Nov 30, 2018 Payment of utilities ₱ 30,000

Balance as of Dec 31, 30,000

2018
 AMV BOOKSTORE & EDUCATIONAL SUPPLY
Interest Expense
General Ledger – 713
Date Particulars F Debit Date Particulars F Credit
Dec 17, Payment for ₱ 4,000
2018 interest