Академический Документы
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Journal Entries
Direct Materials:
Raw Materials, beg.
Purchases
Raw Materials, end
Direct Materials used in production
Direct Labor:
Manufacturing Overhead:
Indirect Materials
Indirect Labor
Factory Benefits
Indirect factory overhead
Factor overhead depreciation
Total Manufacturing cost
₱ 62,000.00
terials ₱ 10,000.00
bor ₱ 20,000.00
nefits ₱ 8,900.00
tory overhead ₱ 42,000.00
head depreciation ₱ 2,000.00
ufacturing cost ₱ 82,900.00
Selling Expenses:
Sales Salaries ₱ 30,000.00
Selling SSS/EC Contributions ₱ 2,300.00
Selling PHIC Contributions ₱ 500.00
Selling HDMF Contributions ₱ 700.00
Selling Other Cost ₱ 30,000.00
Selling Depreciation ₱ 1,000.00
Administrative Expenses
Administrative Salaries ₱ 16,000.00
Administrative SSS/EC Contributions ₱ 1,300.00
Administrative PHIC Contributions ₱ 300.00
Administrative HDMF Contributions ₱ 400.00
Administrative Other Cost ₱ 10,000.00
Administrative Depreciation ₱ 1,000.00 ₱ 29,000.00
Other Expense:
Provision for income tax -₱ 6,000.00
ASSETS
Current Assets
Cash
Raw Materials inventory
Work in process inventory
Finished goods inventory
Accounts Receivables
TOTAL ASSETS
Peter Sene Corporation
Balance Sheet
For the month ended October 31,2019
₱ 429,800.00 Equity:
Share Capital ₱ 500,000.00
Retained Earnings ₱ 227,500.00
₱ 480,000.00
-₱ 40,000.00 Total Equity ₱ 727,500.00
₱ 440,000.00