Trixie Mae Perez

JD Grocery Shop Journal July - October, 2020 DATE TRANSACTION TYPE 07/01/2020 Journal Entry NO. NAME MEMO/DESCRIPTION ACCOUNT 1 Cash on hand and in bank DEBIT CREDIT PHP1,000,000.00 JD CAPITAL PHP1,000,000.00 PHP1,000,000.00 PHP1,000,000.00 07/05/2020 Check Expense 001 Gedco Realty Development Corp Cash on hand and in bank 1 MONTH ADVANCE Prepaid expenses INPUT VAT Payable PHP10,000.00 PHP8,928.57 PHP1,071.43 PHP10,000.00 07/05/2020 Journal Entry 13 Security Deposits PHP20,000.00 Cash on hand and in bank PHP20,000.00 PHP20,000.00 07/10/2020 Check Expense 002 PRIME CARPENTRY SERVICES Cash on hand and in bank 50% DOWNPAYMENT Accounts Payable 2 PHP50,000.00 Accounts Payable 003 OFFICE WAREHAUS Leasehold Improvement PHP89,285.71 INPUT VAT Payable PHP10,714.29 Cash on hand and in bank Tools and Equipment PHP65,178.57 SI- 10024 Furnitures and Fixtures PHP24,107.14 PHP10,714.29 PHP100,000.00 08/01/2020 Check Expense 004 ABINSON Cash on hand and in bank SI-00134 005 PRIME CARPENTRY SERVICES Tools and Equipment PHP49,107.14 INPUT VAT Payable PHP5,892.86 Cash on hand and in bank Accounts Payable 4 PHP50,000.00 ADVANCES FROM JD Office Supplies INPUT VAT Payable 14 Taxes and Licenses PHP3,000.00 PHP321.43 PHP9,000.00 PHP964.29 PHP9,000.00 09/15/2020 Check Expense 006 CHO WA Cash on hand and in bank Inventory INPUT VAT Payable CSI-0001 The King Kitchen Accounts Receivable (A/R) PHP300,000.00 PHP32,142.86 PHP22,321.43 OUTPUT VAT Payable PHP2,678.57 PHP25,000.00 OR#0001 Customer Cash on hand and in bank PHP300,000.00 PHP25,000.00 Sales 10/01/2020 Sales Receipt PHP9,000.00 PHP267,857.14 PHP300,000.00 10/01/2020 Invoice PHP3,000.00 PHP8,035.71 ADVANCES FROM JD INPUT VAT Payable PHP50,000.00 PHP2,678.57 PHP3,000.00 09/02/2020 Journal Entry PHP55,000.00 PHP50,000.00 PHP50,-/02/2020 Journal Entry PHP100,000.00 PHP55,000.00 PHP55,-/20/2020 Check Expense PHP100,000.00 PHP100,000.00 SI- 10024 INPUT VAT Payable PHP50,000.00 PHP100,000.00 PHP100,-/01/2020 Check Expense PHP20,000.00 PHP50,000.00 PHP50,-/10/2020 Journal Entry PHP10,000.00 PHP25,000.00 PHP100,000.00 Sales PHP89,285.71 OUTPUT VAT Payable PHP10,714.29 PHP100,000.00 Wednesday, 1 December 2021 06:28 PM GMT+08:00 PHP100,000.00 1/3 JD Grocery Shop Journal July - October, 2020 DATE TRANSACTION TYPE 10/01/2020 Sales Receipt NO. NAME MEMO/DESCRIPTION ACCOUNT OR#0002 Customer Cash on hand and in bank DEBIT PHP81,760.00 Sales PHP73,000.00 OUTPUT VAT Payable PHP8,760.00 PHP81,760.00 10/01/2020 Journal Entry 6 Cost of sales PHP75,000.00 PHP75,000.00 CSI-0002 Nancy Drew Accounts Receivable (A/R) PHP1,785.71 OUTPUT VAT Payable PHP214.29 PHP2,000.00 7 Cost of sales PHP45,000.00 PHP45,000.00 OR#0003 Customer Cash on hand and in bank PHP47,321.43 OUTPUT VAT Payable PHP5,678.57 PHP53,000.00 8 Cost of sales PHP65,000.00 PHP65,000.00 OR#0004 Customer Cash on hand and in bank PHP4,500.00 OUTPUT VAT Payable PHP540.00 PHP5,040.00 12 Rent or lease payments PHP8,928.57 PHP8,928.57 OR#0005 Customer Cash on hand and in bank PHP19,607.14 OUTPUT VAT Payable PHP2,352.86 PHP21,960.00 CSI-0003 FIGAROO CAFE & BAR Accounts Receivable (A/R) PHP17,857.14 OUTPUT VAT Payable PHP2,142.86 PHP20,000.00 CSI-0004 The King Kitchen Accounts Receivable (A/R) PHP44,642.86 OUTPUT VAT Payable PHP5,357.14 PHP50,000.00 CSI-0005 JD Accounts Receivable (A/R) PHP6,250.00 OUTPUT VAT Payable PHP750.00 PHP7,000.00 007 Cash on hand and in bank Salaries and Wages 5 Salaries and Wages PHP16,500.00 PHP16,500.00 PHP16,500.00 Accrued Salaries PHP16,500.00 PHP16,500.00 Wednesday, 1 December 2021 06:28 PM GMT+08:00 PHP7,000.00 PHP16,500.00 PHP16,-/15/2020 Journal Entry PHP50,000.00 PHP7,000.00 Sales 10/15/2020 Check Expense PHP20,000.00 PHP50,000.00 Sales 10/15/2020 Invoice PHP21,960.00 PHP20,000.00 Sales 10/15/2020 Invoice PHP8,928.57 PHP21,960.00 Sales 10/14/2020 Invoice PHP5,040.00 PHP8,928.57 Prepaid expenses 10/10/2020 Sales Receipt PHP65,000.00 PHP5,040.00 Sales 10/05/2020 Journal Entry PHP53,000.00 PHP65,000.00 Inventory 10/05/2020 Sales Receipt PHP45,000.00 PHP53,000.00 Sales 10/03/2020 Journal Entry PHP2,000.00 PHP45,000.00 Inventory 10/03/2020 Sales Receipt PHP75,000.00 PHP2,000.00 Sales 10/02/2020 Journal Entry PHP81,760.00 PHP75,000.00 Inventory 10/02/2020 Invoice CREDIT PHP16,500.00 2/3 JD Grocery Shop Journal July - October, 2020 DATE TRANSACTION TYPE 10/15/2020 Journal Entry NO. NAME MEMO/DESCRIPTION ACCOUNT 9 Cost of sales DEBIT PHP39,200.00 Inventory PHP39,200.00 PHP39,200.00 10/20/2020 Payment OR#0006 The King Kitchen Cash on hand and in bank PHP25,000.00 PHP25,000.00 10 Amortization expense PHP1,488.10 PHP1,488.10 11 Depreciation Expense PHP401.79 Accumulated Depreciation-Tools and Equipment PHP1,904.76 PHP2,306.55 008 MANILA ELECTRIC COMPANY Cash on hand and in bank electricity bill Lights and Water Expense INPUT VAT Payable 009 PLDT INC PHP1,730.34 PHP207.64 Cash on hand and in bank telephone bill Communication Expenses INPUT VAT Payable 010 JOHN DREW PHP1,330.35 PHP159.64 Cash on hand and in bank ADVANCES FROM JD PHP1,489.99 PHP12,000.00 PHP12,000.00 PHP12,000.00 TOTAL PHP1,937.98 PHP1,489.99 PHP1,-/30/2020 Check Expense PHP2,306.55 PHP1,937.98 PHP1,-/27/2020 Check Expense PHP1,488.10 PHP2,306.55 Accumulated Depreciation-Furniture and Fixture 10/27/2020 Check Expense PHP25,000.00 PHP1,488.10 Accumulated Amortization-Leasehold Improvement 10/20/2020 Journal Entry PHP39,200.00 PHP25,000.00 Accounts Receivable (A/R) 10/20/2020 Journal Entry CREDIT PHP12,000.00 PHP2,373,111.19 PHP2,373,111.19 Wednesday, 1 December 2021 06:28 PM GMT+08:00 3/3