COMPUTER BEST STORE

General Journal
Date Account title/Explanation PR Dr. Cr.

Dec. 7 Accounts Payable 211 200.00

Purchase Discounts 531 200.00
To record price adjustment of processors

15 Sales returns and allowances 432 250.00

Accounts Receivable 121 250.00
To record the return of various accessories

22 Sales Discounts 431 200.00

Accounts Receivable 121 200.00
To record the rebate due to scratch on the delivered monitor
 COMPUTER BEST STORE
Cash Receipts Journal
DEBIT CREDIT
DATE RECEIVED FROM EXPLANATION O.R. CASH SALES ACCOUNTS CASH SERVICE General
NO. IN BANK DISCOUNTS ✔ RECEIVABLE SALES INCOME ACCOUNT TITLE PR AMOUNT
Dec. 1 Pio Contruction Co. Full Settlement 289 12,500.00 12,500.00 Cash in Bank 182,658.86
2 Lourdes Molina CSI 2344 - 1,500.00 1,500.00 Sales Discount 1,744.44
Bernardo Law Offices Full Settlement 290 15,239.00 311.00 15,550.00 Accounts Receivable 140,669.00
Reuben Hatchery Full Settlement 291 25,492.50 257.50 25,750.00 Cash Sales 28,698.75
5 Michael B. Francisco Additional Investment 292 10,000.00 Michael B. Francisco, Capital 311 10,000.00 Service Income 1,550.00
Violeta Sangalang CSI 2345 - 4,250.00 4,250.00 Michael B. Francisco, Capital 10,000.00
Cash Sales CSI 2346-47 - 875.00 875.00 Interest Income 84.80
8 Wilson Industries, Inc. Full Settlement 293 35,061.46 715.54 35,777.00 Purchase returns and allowances 825.75
9 Rolando Querubin Services rendered 294 750.00 750.00 Commission Income 2,575.00
Safety Security Agency CSI 2348 - 4,500.00 4,500.00 TOTAL 184,403.30 184,403.30
Cash Sales CSI 2349-50 - 1,343.75 1,343.75
12 Elizabeth's Boutique Full Settlement 295 8,952.00 8,952.00
Benedicto Gan CSI 2351 - 2,950.00 2,950.00
Makati Cuisine CSI 2352 - 440.00 440.00
Enterprise Capital Bank Interest earned on bank deposit - 84.80 Interest Income 451 84.80
15 Greenhills Computer Accessories Returned various accessories 296 450.75 Purchase returns and allowances 450.75
Famorca Clinic Payment 297 10,000.00 10,000.00
16 Cash Sales CSI 2353-56 - 2,575.00 2,575.00
Cash Sales CSI 2357-60 - 1,265.00 1,265.00
20 E-Com Electronic Supplies Returned various accessories 298 375.00 Purchase returns and allowances 451 375.00
Francis Trading Company Services rendered 299 800.00 800.00
23 Wilson Industries, Inc. Full Settlement 300 10,530.10 214.90 10,745.00
Antipolo Gardens CSI 2361 - 3,000.00 3,000.00
Makati Cuisine CSI 2362 - 1,120.00 1,120.00
Lourdes Molina CSI 2363 - 1,245.00 1,245.00
Cash Sales CSI 2364-70 - 1,250.00 1,250.00
Pio Contruction Co. CSI 2371 - 1,500.00 1,500.00
26 Bernardo Law Offices Full Settlement 301 9,510.00 110.00 9,620.00
27 Macro Computer Store Various commision income 302 2,575.00 Commission Income 461 2,575.00
28 Famorca Clinic Payment 303 5,000.00 5,000.00
29 Reuben Hatchery Full Settlement 304 6,639.50 135.50 6,775.00
Cash Sales CSI 2372 - 885.00 885.00
TOTAL 182,658.86 1,744.44 140,669.00 28,698.75 1,550.00 13,485.55
 COMPUTER BEST STORE
Cash Payments Journal
CREDIT DEBIT Cash in Bank 168,492.38
DATE PAID TO EXPLANATION V.O. NO. CHECK NO. CASH IN BANK PURCHASES ACCOUNTS OPERATING CASH PURCHASES GENERAL Merchandise Inventory 110.00
✔ DISCOUNT ✔ PAYABLE ✔ EXPENSE ACCOUNT TITLE PR AMOUNT Accounts Payable 64,965
Dec. 1 Fame Furniture Factory Display counter for equipment sale 875 E121205 8,500.00 Furniture and Fixtures 151 8,500.00 Operating Expense 4,760.25
1 Three R Hardware Store Purchase Cost of Christmas Decor, including installation 876 121206 1,500.00 Miscellaneous Expenses 691 1,500.00 Cash Purchases 10,085
1 Macro Computer Store Statement of Account dated November 2, 20-8 877 121207 5,340.00 5,340.00 Other Accounts 88,792.13
1 Greenhills Computer Accesories Full Settlement 878 121208 9,435.00 110.00 9,545.00 TOTAL 168,602.38 168,602.38
2 E-Com Electronics Supplies Cost of Computer Accessories 879 121209 1,750.00 1,750.00
5 Cash and Carry Grocery Christmas gifts - baskets of grocery (Repre/Ent) 880 121210 5,450.00 Miscellaneous Expenses 691 5,450.00
6 Enterprise Finance Corporation Partial Payment of Principal 881 121211 24,500.00 Loan Payable 271 20,000.00
Interest on Loan until December 7 Interest Expense 751 4,500.00
7 Printers Art Christmas gifts- calendars (Repre/Ent) 882 121212 2,750.00 Miscellaneous Expenses 691 2,750.00
8 Greenhills Computer Accessories Cash Purchases of Various Accessories 883 121213 2,505.00 2,505.00
9 PLDT Telephone Bill from November 24 to December 23 884 121214 1,025.88 Utility Expense 631 1,025.88
Ronald Meneses Petty Cash Fund Replenishment 885 121215 4,143.95 Supplies Expense 611 1,012.75
Gas and Oil Expense 641 925.75
Repairs and Maintenance 645 200.00
Transportation Expense 646 445.45
Entertainment Expense 647 1,125.00
Miscellaneous Expenses 691 435.00
9 Cagayan Trucking Company Cost of Freight to Golden Gate Goods 886 121216 875.50 Freight Out 642 875.50
9 Meralco Consumption from November 8 to December 7 887 121217 3,045.45 Utility Expense 631 3,045.45
12 E-Com Electronics Supply Various Accessories 888 121218 1,755.00 1,755.00
14 Express Delivery Company Freight-in charges for November, 20-8 889 121219 1,675.00 Miscellaneous Expense 535 1,675.00
14 Payroll First half of December plus 13th Month Pay 890 121220 15,000.00 Salaries and Wages 605 15,000.00
15 Macro Computer System Statement of Account dated November 15, 20-8 891 121221 32,410.00 32,410.00
16 Manila Waters Consumption from November 1 to 30 892 121222 225.50 Utility Expense 631 225.50
19 Ronald Meneses Petty Cash Fund Replenishment 893 121223 3,674.10 Supplies Expense 611 875.90
Gas and Oil Expense 641 1,002.50
Repairs and Maintenance 645 550.00
Transportation Expense 646 245.00
Entertainment Expense 647 875.50
Miscellaneous Expenses 691 125.20
19 Greenhills Computer Accessories Various Accessories 894 121224 2,650.00 2,650.00
20 E-com Electronic Supplies Various Accessories 895 121225 1,425.00 1,425.00
20 SSS/Philhealth Remmitance of November Premiums 896 121226 248.75 SSS/PhilHealth Premiums Payable 221 248.75
22 Macro Computer Store Statement of Account dated November 22, 20-8 897 121227 17,670.00 17,670.25
26 Michael B. Francisco Reimbursement of Advances 898 121228 2,769.25 Gas and Oil Expense 641 1,275.25
Representation Expense 647 1,368.50
Miscellaneous Expenses 691 125.50
27 Lourdes Molina Refund for goods returned 899 121229 200.00 Purchase returns and Allowances 532 200.00
28 Michael B. Francisco Withdrawal for personal use 900 121230 10,000.00 Michael B. Francisco, Drawings 312 10,000.00
29 Payroll Second half of December, net of taxes and employee contributions 901 121231 5,000.00 4,760.25
Withholding Tax Payable 231 77.65
SSS/PhilHealth Premiums 221 124.35
Pag-Ibig Premiums 222 37.75
29 Ronald Meneses Petty Cash Replenishment 902 121232 2,969.00 Supplies Expense 611 454.50
Gas and Oil Expense 641 879.50
Transportation Expense 646 125.00
Entertainment Expense 647 1,355.00
Miscellaneous Expenses 691 155.00

TOTAL 168,492.38 110.00 64,965.25 4,760.25 10,085.00 88,792.13

 COMPUTER BEST STORE
Sales Journal
SALES CREDIT DEBIT
DATE SOLD TO TERM INVOICE SALES MERCHANDISE ACCOUNTS ACCOUNTS CASH COST OF
NO. SALES ACCESSORIES ✔ INVENTORY ✔ PAYABLE ✔ RECEIVABLE SALES GOODS SOLD
Dec. 2 Lourdes Molina Cash 2344 1,500.00 1,150.00 1,500.00 1,150.00 Accounts Receivable 128,940.00
5 Violeta Sangalang Cash 2345 4,250.00 3,250.00 4,250.00 3,250.00 Cash Sales 28,698.75
Cash Sales Cash 2346-47 875.00 875.00 Cost of Goods Sold 113,585.00
7 Bernando Law Offices 2/10, n/30 4431 3,000.00 1,120.00 2,460.00 4,120.00 2,460.00 Sales 138,230.00
9 Golden Gate Goods n/30 4432 40,000.00 32,880.00 40,000.00 32,880.00 Sales－Accessories 19,408.75
9 Safe Security Agency Cash 2348 4,500.00 3,475.00 4,500.00 3,475.00 Merchandise Inventory 44,330.00
Cash Sales Cash 2349-50 1,343.75 1,343.75 Accounts Payable－Macro Computer Store 69,255.00
12 Benedicto Gan Cash 2351 2,950.00 2,400.00 2,950.00 2,400.00 TOTAL 271,223.75 271,223.75
Makati Cuisine Cash 2352 440.00 355.00 440.00 355.00
Famorca Clinic 2/10, n/30 4433 1,275.00 1,275.00
13 Wilson Industries, Inc. 2/10, n/30 4434 9,870.00 875.00 7,460.00 10,745.00 7,460.00
16 Cash Sales Cash 2353-56 2,575.00 2,575.00
Cash Sales Cash 2357-60 1,265.00 1,265.00
19 Bernando Law Offices 2/10, n/30 4435 5,500.00 4,500.00 5,500.00 4,500.00
20 Reuben Hatchery 2/10, n/30 4436 5,500.00 1,275.00 4,500.00 6,775.00 4,500.00
Safe Security Agency n/30 4437 3,100.00 2,400.00 3,100.00 2,400.00
22 Famorca Clinic 2/10, n/30 4438 875.00 875.00
23 Antipolo Gardens Cash 2361 3,000.00 2,460.00 3,000.00 2,460.00
Makati Cuisine Cash 2362 1,120.00 460.00 1,120.00 460.00
Lourdes Molina Cash 2363 1,245.00 1,245.00
Cash Sales Cash 2364-70 1,250.00 1,250.00
Pio Construction Co. Cash 2371 1,500.00 1,210.00 1,500.00 1,210.00
26 Sentosa Trading 2/10, n/30 4439 7,500.00 5,750.00 7,500.00 5,750.00
Elizabeth's Boutique 2/10, n/30 4440 3,200.00 550.00 2,500.00 3,750.00 2,500.00
28 Interlaken Industries, Inc. n/30 4441 14,000.00 11,275.00 14,000.00 11,275.00
29 Cash Sales Cash 2372 885.00 885.00
Lourdes Molina 2/10, n/30 4442 27,300.00 4,000.00 25,100.00 31,300.00 25,100.00
TOTAL 138,230.00 19,408.75 44,330.00 69,255.00 128,940.00 28,698.75 113,585.00
 COMPUTER BEST STORE
Purchases Journal
RECEIVING DEBIT CREDIT
DATE PURCHASED FROM TERM REPORT MERCHANDISE PURCHASES ACCOUNTS CASH
COST OF GOODS SOLD
NO. ✔ INVENTORY ✔ ACCESSORIES ✔ PAYABLE ✔ PURCHASES
Dec. 2 E-Com Electronics Supplies Cash 1166 1,750.00 1,750.00 Merchandise Inventory P 52,955.00
2 Electronics Import Company n/30 1167 38,400.00 38,400.00 Purchases - Accessories 17,485.00
7 Electronics Import Company n/30 1168 1,555.00 7,400.00 8,955.00 Cost of Goods Sold 69,255.00
8 Greenhills Computer Accessories Cash 1169 2,505.00 2,505.00 Accounts Payable P 129,610.00
9 Macro Computer Store n/30 - 32,880.00 32,880.00 Cash 10,085.00
12 E-Com Electronics Supplies Cash 1170 1,755.00 1,755.00 TOTAL P 139,695 P 139,695
19 Greenhills Computer Accessories Cash 1171 2,650.00 2,650.00
20 E-Com Electronics Supplies Cash 1172 1,425.00 1,425.00
28 Macro Computer Store n/30 - 11,275.00 11,275.00
28 Electronics Import Company 2/10, n/30 1173 13,000.00 13,000.00
29 Macro Computer Store n/30 - 25,100.00 25,100.00

TOTAL 52,955.00 17,485.00 69,255.00 129,610.00 10,085.00