SALES JOURNAL

Accounts Output Tax

Invoice Post. Receivable (12%) Sales
Date No. Account Debited Ref. Debit Credit Credit
May 8 150 Rustan / 11,760.00 1,260.00 10,500.00
16 151 Robinson's / 8,960.00 960.00 8,000.00
20,720.00 2,220.00 18,500.00
(103) (208) (401)

20,720.00 20,720.00

PURCHASES JOURNAL

Input Tax Accounts

Post. Purchases (12%) Payable
Date Inv. No. Account Credited Ref. Debit Debit Credit
May 3 422 Subic / 12,000.00 1,440.00 13,440.00
14 801 Evergreen / 25,000.00 3,000.00 28,000.00
37,000.00 4,440.00 41,440.00
(501) (207) (201)

41,440.00 41,440.00
 CASH DISBURSEMENTS JOURNAL
Credits Debits
Other Accounts/Sundry Accoun
Voucher
Date No. Description Cash Input Tax Purchases Discount Post. Ref. Accounts Payable Input Tax Purchases Account Title
May 2 101 Robinson's Landholdings 18,000.00 1,928.57 Prepaid Rent
102 BIR 1,200.00 Taxes and Licenses
12 103 Subic 13,171.20 28.80 240.00 / 13,440.00
15 104 Goodwill Bookstore 1,774.08 1.92 1,792.00 Store Supplies
20 105 Freight Forwarders 6,496.00 696.00 Freight In
28 106 Evergreen 28,000.00 / 28,000.00
30 107 Kathy Concepcion 5,000.00 Concepcion, Drawings
108 Employees 10,620.00 Office Salaries Expense
Store Salaries Expense
Withholding Taxes Payable
SS and Philhealth Payable
Pag-Ibig Premiums Payable
31 109 BIR 1,821.55 VAT Payable
86,082.83 30.72 240.00 43,232.00 2,624.57 -
(101) (207) (503) (201) (207)

87,749.55 87,749.55

CASH RECEIPTS JOURNAL

Debits Credits
Other Accounts/Sundry Accoun
O.R.
Date No. Description Cash Output Tax Sales Discount Post. Ref. Accounts Receivable Output Tax Sales Account Title
May 1 Investment 250,000.00 Concepcion, Capital
15 CRT Cash customers 35,840.00 3,840.00 32,000.00
18 001 Rustan 11,642.40 12.60 105.00 / 11,760.00
25 CM Citibank 100,000.00 Notes Payable
29 CRT Cash customers 28,000.00 3,000.00 25,000.00
425,482.40 12.60 105.00 11,760.00 6,840.00 57,000.00
(101) (208) (402) (103) (208) (401)

425,600.00 425,600.00
Accounts/Sundry Accounts
Post
Ref Debit Credit
106 16,071.43
620 1,200.00

105 16.00
502 5,800.00

302 5,000.00
614 6,000.00
615 6,000.00
204 600.00
205 540.00
206 240.00
203 1,821.55
41,892.98 1,396.00
(/) (/)

Accounts/Sundry Accounts
Post
Ref Debit Credit
301 250,000.00

202 100,000.00

- 350,000.00
(/)
 GENERAL JOURNAL page 1

Post
Date Particulars Ref Debit Credit
May 1 Merchandise Inventory 104 50,000.00
Concepcion, Capital 301 50,000.00

5 Store Supplies 105 1,600.00

Input Tax 207 192.00
Accounts Payable - Goodwill Bookstor 201/ 1,792.00

31 Output Tax 208 9,047.40

Input Tax 207 7,225.85
VAT Payable 203 1,821.55
SUPPLIERS' CARDS CUSTOMERS' CARDS

NAME: _ SUBIC NAME: _ Rustan

Post Post
Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit
May 3 Inv#422; 2/10, n/30 PJ1 13,440.00 13,440.00 May 8 Inv#150; 1/10,n/30 SJ1 11,760.00
12 Payment CDJ1 13,440.00 - 18 OR001 CRJ1 11,760.00

NAME: _ Goodwill Bookstore NAME: _ Robinson's

Post Post
Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit
May 5 Inv#510; 1/10, n/30 GJ1 1,792.00 1,792.00 May 16 SI#151; n/30 SJ1 8,960.00

NAME: _ Evergreen NAME: ___________________________

Post Post
Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit
May 14 Inv#801; 1/10, n/30 PJ1 28,000.00 28,000.00
28 Voucher #106 CDJ1 28,000.00 -

NAME: ___________________________ NAME: ___________________________

Post Post
Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit

NAME: ___________________________ NAME: ___________________________

Post Post
Date Explanation Ref Debit Credit Balance Date Explanation Ref Debit Credit
Balance
11,760.00
-

Balance
8,960.00

Balance

Balance

Balance