Ricardo Pangan Company
Worksheet
For the Year Ended Dec. 31, 2022
Post-Closing Trial Balance
No. Account Titles Debit Credit
110 Cash
120 Accounts Receivable
130 Merchandise Inventory
140 Prepaid Rent
150 Office Supplies
160 Office Equipment
165 Accumulated Depreciation
210 Notes Payable
220 Accounts Payable
230 Salaries Payable
310 Pangan, Capital
320 Pangan, Withdrawals
330 Income Summary
410 Sales
420 Sales Returns and Allowances
430 Sales Discounts
510 Purchases
520 Purchases Returns and Allowances
530 Purchases Discounts
540 Transportation In
610 Salaries Expense
620 Rent Expense
630 Office Supplies Expense
640 Depreciation Expense
650 Interest Expense
GENERAL LEDGER
Cash (110) Accounts Receivable (120)
1/1 ₱ 240,000 1/1 ₱ 210,000
Merchandise Inventory (130) Prepaid Rent (140)
1/1 ₱ 730,000 1/1 ₱ 90,000
Office Supplies (150) Office Equipment (160)
1/1 ₱ 160,000 1/1 ₱ 1,000,000
Accumulated Depreciation (165) Notes Payable (210)
### 130,000
Accumulated Depreciation (165) Accumulated Depreciation (165)
SALES JOURNAL
CASH RECEIPTS JOURNAL
Debits Credits
Sales Accounts Other Accounts
O.R. Discounts Receivable
Date No. Description Cash Sales Account Title PR Amount
2022
4-Jan T. Arenas Company 205,800 4,200 210,000
5-Jan Cash Sales 430,000 430,000
10-Jan B. Bandonell 235,200 4,800 240,000
ACCOUNTS RECEIVABLE
SUBSIDIARY LEDGER
R. Loyola B. Bandonell
1/1 ₱ 210,000 1/4 ₱ 210,000 1/2 ₱ 240,000 1/10 ₱ 240,000
G. Sevidal
1/8 ₱ 310,000
PURCHASES JOURNAL
Credits Debits
Accounts Purchases Office Other Accounts
R.R. Payable Supllies
Date No. Account Credited PR Account Title PR Amount
2022
2-Jan T. Arenas Company 90,000 90,000
11-Jan L. Viray Company 120,000 120,000
PURCHASES JOURNAL
Credits Debits
Voucher Date Accounts Trans. Office Trans. Other Accounts
Payable In Supllies Out
No. Date Payee Paid Ck. No. Purchases Account Title PR Debit Credit
101 1/3 T. Arenas Company Cancelled; V#102 90,000 90,000
102 1/9 T. Arenas Company 1/11 84 80,000 Accounts Payable 90,000
Purchases Returns &
10,000
Allowances
CASH RECEIPTS JOURNAL
Credits Debits
Sales Accounts Other Accounts
Ck. Discounts Payable
Date No. Description Cash Purchases Account Title PR Amount
2022
7-Jan 83 E. Samonte Company 126,100 3,900 130,000
11-Jan 84 T. Arenas Company 77,600 2,400 80,000
ACCOUNTS PAYABLE
SUBSIDIARY LEDGER
T. Arenas Company E. Samonte
1/9 ₱ 90,000 1/1 ₱ 90,000 1/1 ₱ 130,000
1/11 80,000 1/9 80,000
L. Viray Company
1/11 ₱ 120,000
