CHART OF ACCOUNTS

ASSETS
CURRENT ASSETS
110 Cash On Hand
111 Cash In Bank - Philippine Bank
112 Petty Cash Fund
113 Notes Receivable
114 Accounts Receivable
114.1 Allowance For Doubtful Accounts
115 Subscription Receivable
116 Interest Receivable
117 Merchandise Inventory
118 Supplies Inventory
119 Prepaid Insurance
120 Excess Input Tax

PLANT, PROPERTY, & EQUIPMENT

121 Land
122 Building
122.1 Accumulated Depreciation - Building
123 Delivery Equipment
123.1 Accumulated Depreciation - Delivery Equipment
124 Furniture & Equipment
124.1 Accumulated Depreciation - Furniture & Equipment

LIABILITIES
CURRENT LIABILITIES
211 Vouchers Payable
212 Utilities Payable
213 Interest Payable
214 SS, Medicare, EC, HDMF Premiums Payable
215 Withholding Taxes Payable
216 Taxes Payable
217 Loans Payable
218 VAT Payable
219 Input Tax
220 Output Tax

LONG-TERM LIABILITIES
 230 Notes Payable

STOCKHOLDER'S
311 Capital Stock
312 Subscribed Capital Stock
313 Premium On Capital Stock
314 Retained Earnings

REVENUES
411 Sales
412 Sales Return and Allowances
413 Sales Discount

COST OF MERCHANDISE

511 Purchases
512 Purchase Return and Allowances
513 Purchase Discounts
514 Freight In

OPERATING EXPPEMSES
611 SELLING EXPENSES
611.1 Advertising & Promotion
611.2 Delivery Expense
611.3 Depreciation - Building
611.4 Depreciation - Furniture and Equipment
611.5 Depreciation - Delivery Equipment
611.6 Gas & Oil
611.7 Repairs and Maintenance
611.8 Supplies
611.9 Salaries
611.1 SS, Medicare, EC, HDMF
611.11 Utilites
611.12 Miscellaneous
711 GENERAL EXPENSE
71.1 Amortization Expense
711.2 Bad Debts
711.3 Depreciation - Building
711.4 Depreciation - Furniture and Equipment
711.5 Insurance
711.6 Repairs and Maintenance
711.7 Salaries
711.8 Supplies
711.9 SS, Medicare, EC, HDMF
711.1 Taxes & Licenses
711.11 Utilites
711.12 Organization Cost
 711.13 Miscellaneous

OTHER INCOME
811 Interest Income

OTHER EXPENSES
911 Bank Service Charge
912 Interest Expense

1000 Revenue & Expense Summary

 DATE PARTICULARS
GJ 1/2/2008 Authorized to issue 5,000 common shares with a par value of 1,000 per share
To record authorization

1/2/2008 Cash In Bank - Philippine Bank

Petty Cash Fund
Accounts Receivable
Merchandise Inventory
Supplies Inventory
Prepaid Insurance
Land
Building
Delivery Equipment
Furniture & Equipment
Allowance For Doubtful Accounts
Vouchers Payable
Utilities Payable
SS, Medicare, EC, HDMF Premiums Payable
Withholding Taxes Payable
Taxes Payable
Loans Payable
VAT Payable
Notes Payable
Capital Stock

CRJ Cash In Bank

Capital Stock
To record the net assets transferred to corporation
and issuance of 600 shares with a par value of 1,000 pesos to incorporators

GJ 1/2/2008 Subscription Receivable

Subscribed Capital Stock
To record the subscriptions of the incorporators

CRJ Cash In Bank

Subscription Receivable
To record the collection of 162 and a half subscribed shares

VR 02/02//2008 Deferred Organization Cost

Vouchers Payable
To record the payable for incorporate fees
CHECK REGISTER Vouchers Payable
Cash In Bank
To record the payment for incorporate fees

STCKJ 3/2/2008 Deferred Organization Cost

Capital Stock
To issue 50 shares in exchange of legal services

CRJ 4/2/2008 Cash In Bank

Accounts Receivable- Guagua National Store
To record the collection of account of Guagua

Withholding Taxes Payable

VAT Payable
Taxes Payable
Vouchers Payable
Vouchers Payable
Cash In Bank
To record the payment for taxes due to BIR

Cash In Bank
Sales Disount
Output Tax
Accounts Receivable - Lyceum Appliance Center
To record the collection of account of Lyceum

6/2/2008 Utilities Payable

Vouchers Payable
To record reclassify utilities to vouchers

Vouchers Payable
Cash In Bank
To record the payment for utilties payable

6/2/2008 Advertising & Promotion

Vouchers Payable

Vouchers Payable
Cash In Bank
To record the payment for promotions

6/2/2008 SS, Medicare, EC, HDMF Premiums Payable

Vouchers Payable

Vouchers Payable
Cash In Bank
 To record the payment for payroll liabilities

6/2/2008 Purchases
VOUCHER Input Tax
PAYABLE Vouchers Payable - ELECTROWORLD
SUBSIDIARY To record the purchase term: n/30

6/2/2008 Cash In Bank

Accounts Receivable - Joey & Sons

9/2/2008 Cash On Hand

Sales
Output Tax
To record the sale

9/2/2008 Cash In Bank

Cash On Hand

10/2/2008 Vouchers Payable - Escolta Appliance

Cash In Bank

12/2/2008 Accounts Receivable - Lyceum

Sales
Output Tax
To record the sale

Cash In Bank
Accounts Receivable - Lyceum
To record 50% down payment

02/15/2008 Salaries Expense

Withholding Taxes Payable
Vouchers Payable
To record payroll of which sales salaries amounted to 5,400
less withholding tax of 399

Vouchers Payable
Cash In Bank
To record the payment for payroll

02/17/2008 Cash On Hand

Sales
Output Tax
To record cash sales

02/18/2008 Freight In
 Petty Cash Fund
To record delivery

02/18/2008 Cash In Bank

Cash On Hand
To record the deposit of Cash On Hand

02/19/2008 Accounts Receivable - Joey & Sons

Sales
Output Tax
To record sales on account

02/20/2008 Cash On Hand

Sales
Ouput Tax
To record cash sales

02/22/2008 Cash In Bank

Sales Discount
Output Tax
Accounts Receivable - Joey & Sons
To record collection of account

02/22/2008 Purchases
Input Tax
Vouchers Payable
To record purchase to West Mart

02/24/2008 Accounts Receivable - Lucas & Co.

Sales
Output Tax
To record sales on account

02/25/2008 Notes Payable

Interest Expense
Voucher Payable

Vouchers Payable
Cash In Bank
To record the payment for loan to BPI including the interest

02/27/2008 Cash On Hand

Sales
Output Tax
To record cash sales from St Benilde College
02/28/2008 Salaries Expense
SSS Premims Payable
Medicare Premiums Payable
HDMF Premiums Payable
Withholding Taxes Payable
Voucher Payable

Voucher Payable
Cash In Bank
To record the payment of payroll

02/28/2008 Cash In Bank

Subscription Receivable
To record collection from subscription receivable

Subscribed Capital Stock

Capital Stock
To issue stock certificates for Maribel Cruz and Elvira Elvina

Cash In Bank
Cash On Hand
To record the deposit of Cash On Hand
 DEBIT CREDIT
s with a par value of 1,000 per share

₱ 101,349.09
₱ 1,000.00
₱ 31,810.00
₱ 75,500.00
₱ 4,887.00
₱ 676.67
₱ 50,000.00
₱ 143,500.00
₱ 71,222.22
₱ 14,407.95
₱ 954.30 ₱ 494,352.93
₱ 22,140.00 ₱ 155,838.29
₱ 890.00 ₱ 338,514.64
iums Payable ₱ 1,834.00
₱ 798.00
₱ 4,948.06
₱ 916.66
₱ 3,357.27
₱ 120,000.00
₱ 338,514.64

₱ 600,000.00
₱ 600,000.00

lue of 1,000 pesos to incorporators

₱ 650,000.00
₱ 650,000.00

₱ 162,500.00
₱ 162,500.00
lf subscribed shares

₱ 1,250.00
₱ 1,250.00
 ₱ 1,250.00
₱ 1,250.00

₱ 50,000.00
₱ 50,000.00

₱ 8,105.00
National Store ₱ 8,105.00

₱ 798.00
₱ 3,357.27
₱ 4,948.06
₱ 9,103.33
₱ 9,103.33
₱ 9,103.33

₱ 9,702.00
₱ 176.79
₱ 21.21
Appliance Center ₱ 9,900.00

₱ 890.00
₱ 890.00

₱ 890.00
₱ 890.00

₱ 1,500.00
₱ 1,500.00

₱ 1,500.00
₱ 1,500.00

₱ 1,834.00
₱ 1,834.00

₱ 1,834.00
₱ 1,834.00
 ₱ 14,732.14
₱ 1,767.86
₱ 16,500.00

₱ 5,060.00
₱ 5,060.00

₱ 1,650.00
₱ 1,473.21
₱ 176.79

₱ 1,650.00
₱ 1,650.00

₱ 4,840.00
₱ 4,840.00

₱ 8,800.00
₱ 7,857.14
₱ 942.86

₱ 4,400.00
₱ 4,400.00

₱ 13,250.00 SELLING
₱ 930.00 GENERAL
₱ 12,320.00
s amounted to 5,400

₱ 12,320.00
₱ 12,320.00

₱ 8,950.00
₱ 7,991.07
₱ 958.93

₱ 400.00
 ₱ 400.00

₱ 8,950.00
₱ 8,950.00

₱ 1,500.00
₱ 1,339.29
₱ 160.71

₱ 3,729.00
₱ 3,329.46
₱ 399.54

₱ 1,470.00
₱ 26.79
₱ 3.21
₱ 1,500.00

₱ 4,419.64
₱ 530.36
₱ 4,950.00

₱ 10,726.00
₱ 9,576.79
₱ 1,149.21

₱ 4,916.67
₱ 750.00
₱ 5,666.67

₱ 5,666.67
₱ 5,666.67
ncluding the interest

₱ 3,058.00
₱ 2,730.36
₱ 327.64
 ₱ 13,250.00
₱ 883.50 SELLING
₱ 177.50 GENERAL
₱ 120.00
₱ 930.00
₱ 11,139.00

₱ 11,139.00
₱ 11,139.00

₱ 421,875.00
₱ 421,875.00

₱ 475,000.00
₱ 475,000.00
ruz and Elvira Elvina

₱ 6,787.00
₱ 6,787.00

₱ 3,055,629.93 ₱ 3,055,629.93
GROSS WITH
5,400.00 399.00 5,001.00
7,850.00 531.00 7,319.00
13,250.00 930.00 12,320.00
5400
SSS MDC HDMF WTH 7850
333.40 75.00 120.00 399.00 927.40 4,472.60
550.10 102.50 531.00 1,183.60 6,666.40
883.50 177.50 120.00 930.00 2,111.00
13,250.00 11,139.00
ACCOUNT CASH ON HAND

DATE PARTICULARS F DEBIT

02/01//2018 BALANCE
9/2/2008 ₱ 1,650.00
02/17/2008 ₱ 8,950.00
02/20/2008 ₱ 3,729.00
02/27/2008 ₱ 3,058.00

₱ 17,387.00

₱ -

ACCOUNT CASH IN BANK

DATE PARTICULARS F DEBIT

02/01//2018 BALANCE ₱ 101,349.09
1/2/2008 investment ₱ 600,000.00
1/2/2008 ₱ 162,500.00
4/2/2008 COLLECTION FROM GUAGUA ₱ 8,105.00
4/2/2008 ₱ 9,702.00
6/2/2008 ₱ 5,060.00
9/2/2008 ₱ 1,650.00
12/2/2008 ₱ 4,400.00

02/18/2008 ₱ 8,950.00
02/22/2008 ₱ 1,470.00
02/28/2008 ₱ 421,875.00
02/28/2008 ₱ 6,787.00

₱ 1,331,848.09
₱ 1,283,305.09

₱ 1,283,280.09

ACCOUNT PETTY CASH FUND

DATE PARTICULARS F DEBIT

02/01//2018 BALANCE ₱ 1,000.00

₱ 600.00

ACCOUNT CAPITAL STOCK

 DATE PARTICULARS F DEBIT

ACCOUNT DEFERRED ORGANIZATION COST

DATE PARTICULARS F DEBIT

02/02//2008 ₱ 1,250.00
3/2/2008 ₱ 50,000.00
\
₱ 51,250.00
 NO. ACCOUNT

DATE PARTICULARS F CREDIT DATE

9/2/2008 ₱ 1,650.00
02/18/2008 ₱ 8,950.00
02/28/2008 ₱ 6,787.00

₱ 17,387.00

NO. ACCOUNT

DATE PARTICULARS F CREDIT DATE

2/2/2008 incorporate fees ₱ 1,250.00 02/01//2018
4/2/2008 ₱ 9,103.33 12/2/2008

6/2/2008 ₱ 890.00 02/19/2008

6/2/2008 ₱ 1,500.00 02/24/2008
6/2/2008 ₱ 1,834.00
10/2/2008 ₱ 4,840.00
02/15/2008 ₱ 12,320.00
02/25/2008 ₱ 5,666.67
02/28/2008 ₱ 11,139.00
 ₱ 48,543.00
02/28/2008 ₱ 25.00

NO. ACCOUNT

DATE PARTICULARS F CREDIT DATE

02/18/2008 ₱ 400.00

NO. ACCOUNT
 DATE PARTICULARS F CREDIT DATE
MICHELLLE ₱ 535,886.00
1/2/2018 MARCY ₱ 402,629.00 02/28/2008
3/2/2008 ATTY. CERES SANTIAGO ₱ 50,000.00
02/28/2008 Maribel Cruz ₱ 300,000.00
Elvira Elvina ₱ 175,000.00

₱ 1,463,515

NO. ACCOUNT

DATE PARTICULARS F CREDIT DATE

02/28/2008 ₱ 3,750.00 4/2/2008
02/28/2008 ₱ 791.67 02/22/2008
ACCOUNT

DATE
NOTES RECEIVABLE

PARTICULARS F DEBIT DATE

ACCOUNTS RECEIVABLE

PARTICULARS F DEBIT DATE

BALANCE ₱ 31,810.00 4/2/2008
₱ 8,800.00 4/2/2008

₱ 1,500.00 6/2/2008
₱ 10,726.00 12/2/2008
02/22/2008

₱ 52,836.00

₱ 23,871.00
ALLOWANCE FOR DOUBTFUL ACCOUNTS

PARTICULARS F DEBIT DATE

02/01//2018
02/28/2008

Subscribed Capital Stock

 PARTICULARS F DEBIT DATE

₱ 475,000.00 1/2/2008

Sales Discount

PARTICULARS F DEBIT DATE

₱ 176.79
₱ 26.79

₱ 203.58 02/28/08

₱ -
PARTICULARS F DEBIT DATE
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

1/2/2008

NO. ACCOUNT

PARTICULARS F CREDIT DATE

GUAGUA ₱ 8,105.00
lyceum ₱ 9,900.00

₱ 5,060.00
₱ 4,400.00
₱ 1,500.00

₱ 28,965.00
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

BALANCE ₱ 954.30 02/01//2018
ADJUSTING ₱ 239.25 02/28/2008
₱ 1,193.55

NO. ACCOUNT
PARTICULARS F CREDIT DATE

₱ 650,000.00

₱ 175,000.00

NO. ACCOUNT

PARTICULARS F CREDIT DATE

6/2/2008
02/22/2008

₱ 203.58
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

SUBSCRIPTION RECEUVABLE

PARTICULARS F DEBIT DATE

₱ 650,000.00 1/2/2008
02/28/2008

₱ 650,000.00

₱ 65,625.00

INTEREST RECEIVABLE

PARTICULARS F DEBIT DATE

MERCHANDISE INVENTORY

PARTICULARS F DEBIT DATE

BALANCE ₱ 75,500.00 02/28/08
ending ₱ 80,400.00

₱ 155,900.00
₱ 80,400.00

Premium On Capital Stock

 PARTICULARS F DEBIT DATE

Purchases

PARTICULARS F DEBIT DATE

₱ 14,732.14
₱ 4,419.64

₱ 19,151.78 02/28/08
₱ -
PARTICULARS F DEBIT DATE
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

₱ 162,500.00 02/01//2018
₱ 421,875.00

₱ 584,375.00

NO. ACCOUNT

PARTICULARS F CREDIT DATE

02/01//2018
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

₱ 75,500.00

₱ 75,500.00

NO. ACCOUNT
PARTICULARS F CREDIT DATE
02/28/08

NO. ACCOUNT

PARTICULARS F CREDIT DATE

₱ 19,151.78
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

SUPPLIES INVENTORY

PARTICULARS F DEBIT DATE

BALANCE ₱ 4,887.00 02/28/2008

₱ 4,887.00
₱ 4,217.00

PREPAID INSURANCE

PARTICULARS F DEBIT DATE

BALANCE ₱ 676.67 02/28/2008
₱ 338.34
EXCESS INPUT TAX

PARTICULARS F DEBIT DATE

Retained Earnings
 PARTICULARS F DEBIT DATE
₱ 19,947.34

Purchase Return and Allowances

PARTICULARS F DEBIT DATE

PARTICULARS F DEBIT DATE
 NO.
ACCOUNT
PARTICULARS F CREDIT
₱ 670.00 DATE
02/01//2018

NO.
ACCOUNT
PARTICULARS F CREDIT
₱ 338.34 DATE
02/01//2018
 NO.
ACCOUNT
PARTICULARS F CREDIT
DATE

NO. ACCOUNT
PARTICULARS F CREDIT DATE

02/28/08

NO. ACCOUNT

PARTICULARS F CREDIT DATE

 NO. ACCOUNT

PARTICULARS F CREDIT DATE

LAND

PARTICULARS F DEBIT DATE

BALANCE ₱ 50,000.00

BUILDING

PARTICULARS F DEBIT DATE

BALANCE ₱ 143,500.00
ACCUMULATED DEPRECIATION - BUILDING

PARTICULARS F DEBIT DATE

02/28/2008

Sales
 PARTICULARS F DEBIT DATE

9/2/2008
12/2/2008
02/17/2008
02/19/2008
02/20/2008
02/24/2008
02/27/2008

CLOSING ₱ 34,297.32
₱ -

Purchase Discounts

PARTICULARS F DEBIT DATE

PARTICULARS F DEBIT DATE
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

02/01//2018

NO. ACCOUNT

PARTICULARS F CREDIT DATE

 NO. ACCOUNT

PARTICULARS F CREDIT DATE

ADJUSTING ₱ 956.67 02/01//2018

NO. ACCOUNT
PARTICULARS F CREDIT DATE

₱ 1,473.21
₱ 7,857.14
₱ 7,991.07
₱ 1,339.29
₱ 3,329.46
₱ 9,576.79
₱ 2,730.36

₱ 34,297.32

NO. ACCOUNT

PARTICULARS F CREDIT DATE

02/18/2008
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

Delivery Equipment

PARTICULARS F DEBIT DATE

BALANCE ₱ 71,222.22

Accumulated Depreciation - Delivery Equipment

PARTICULARS F DEBIT DATE

02/28/2008
Furniture & Equipment

PARTICULARS F DEBIT DATE

BALANCE ₱ 14,407.95

Sales Return and Allowances

 PARTICULARS F DEBIT DATE

Freight In

PARTICULARS F DEBIT DATE

₱ 400.00 02/28/08
₱ -
PARTICULARS F DEBIT DATE
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

NO. ACCOUNT

PARTICULARS F CREDIT DATE

₱ 730.25 2/2/2008

4/2/2008
6/2/2008
6/2/2008
6/2/2008
10/2/2008

02/15/2008
02/25/2008
02/28/2008
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

6/2/2008

NO. ACCOUNT
PARTICULARS F CREDIT DATE

6/2/2008
02/22/2008

NO. ACCOUNT

PARTICULARS F CREDIT DATE

₱ 400.00 4/2/2008
02/22/2008

02/28/2008
 NO. ACCOUNT

PARTICULARS F CREDIT DATE

02/25/2008
Accumulated Depreciation - Furniture & Equipment

PARTICULARS F DEBIT DATE PARTICULARS

02/28/2008

Vouchers Payable

PARTICULARS F DEBIT DATE PARTICULARS

CHECK # 34044 ₱ 1,250.00 02/01//2018 BALANCE

₱ 9,103.33 2/2/2018 VOUCHER #121

₱ 890.00 4/2/2008
₱ 1,500.00 6/2/2008
₱ 1,834.00 6/2/2008
₱ 4,840.00 6/2/2008

₱ 12,320.00 6/2/2008
₱ 5,666.67 02/15/2008
₱ 11,139.00 02/22/2008
 02/25/2008
02/28/2008

₱ 48,543.00

Utilities Payable

PARTICULARS F DEBIT DATE PARTICULARS

₱ 890.00 02/01//2018 BALANCE

Input Tax
 PARTICULARS F DEBIT DATE PARTICULARS

₱ 1,767.86
₱ 530.36

₱ 2,298.22 02/28/2008
₱ -

Output Tax

PARTICULARS F DEBIT DATE PARTICULARS

₱ 21.21 9/2/2008
₱ 3.21 12/2/2008
02/17/2008
02/19/2008
02/20/2008
02/24/2008
02/27/2008
\
₱ 24.42
₱ 4,091.26
Notes Payable

PARTICULARS F DEBIT DATE PARTICULARS

₱ 4,916.67 02/01//2018 BALANCE
NO. ACCOUNT Interest Payable

F CREDIT DATE PARTICULARS F

₱ 240.13

NO. ACCOUNT SS, Medicare, EC, HDMF Premiums Payable

F CREDIT DATE PARTICULARS F

₱ 22,140.00 6/2/2008

₱ 1,250.00
₱ 9,103.33
₱ 890.00
₱ 1,500.00
₱ 1,834.00

₱ 16,500.00
₱ 12,320.00
₱ 4,950.00
 ₱ 5,666.67
₱ 11,139.00

₱ 87,293.00
₱ 38,750.00

NO. ACCOUNT Withholding Taxes Payable

F CREDIT DATE PARTICULARS F

₱ 890.00 4/2/2008

₱ -

NO. ACCOUNT Taxes Payable

 F CREDIT DATE PARTICULARS F

4/2/2008

₱ 2,298.22

NO. ACCOUNT Loans Payable

F CREDIT DATE PARTICULARS F

₱ 176.79
₱ 942.86
₱ 958.93
₱ 160.71
₱ 399.54
₱ 1,149.21
₱ 327.64

₱ 4,115.68
₱ 4,091.26
₱ -
NO. ACCOUNT VAT Payable

F CREDIT DATE PARTICULARS F

₱ 120,000.00 4/2/2008

₱ 115,083.33
 NO.

DEBIT DATE PARTICULARS F CREDIT

miums Payable NO.

DEBIT DATE PARTICULARS F CREDIT

₱ 1,834.00 02/01//2018 BALANCE ₱ 1,834.00

02/28/2008 ₱ 1,181.00

₱ 1,834.00 ₱ 3,015.00
₱ 1,181.00
02/28/2008 ₱ 2,008.00
₱ 3,189.00
 NO.

DEBIT DATE PARTICULARS F CREDIT

₱ 798.00 02/01//2018 BALANCE ₱ 798.00
02/15/2008 ₱ 930.00
02/28/2008 ₱ 930.00

₱ 798.00 ₱ 2,658.00
₱ 1,860.00

NO.
 DEBIT DATE PARTICULARS F CREDIT

₱ 4,948.06 02/01//2018 BALANCE ₱ 4,948.06

₱ -

NO.

DEBIT DATE PARTICULARS F CREDIT

02/01//2018 BALANCE ₱ 916.66
 NO.

DEBIT DATE PARTICULARS F CREDIT

₱ 3,357.27 02/01//2018 BALANCE ₱ 3,357.27
₱ -
ACCOUNT Interest Income

DATE PARTICULARS F DEBIT

ACCOUNT Bank Service Charge

DATE PARTICULARS F DEBIT

02/28/2008 ₱ 25.00
₱ -
ACCOUNT Interest Expense

DATE PARTICULARS F DEBIT

02/25/2008 ₱ 750.00
₱ -
ACCOUNT REVENUE AND EXPENSE SUMMARY

DATE PARTICULARS F DEBIT

02/28/08 ₱ 19,947.34

₱ -
ACCOUNT

DATE PARTICULARS F DEBIT

 NO.

DATE PARTICULARS F CREDIT

NO.

DATE PARTICULARS F CREDIT

02/28/08 ₱ 25.00
 NO.

DATE PARTICULARS F CREDIT

02/28/08 ₱ 750.00
 NO.

DATE PARTICULARS F CREDIT

02/28/2008 ₱ 19,947.34
 NO.

DATE PARTICULARS F CREDIT

 DATE POST REF AMOUNT

6/2/2008 ₱ 1,500.00
02/15/2008 ₱ 5,400.00
02/28/2008 ₱ 5,400.00
02/28/2008 ₱ 3,048.25

02/28/2008 -₱ 15,348.25

₱ -

DATE POST REF AMOUNT

₱ -
₱ -
02/15/2008 ₱ 7,850.00
02/28/2008 ₱ 7,850.00
02/28/2008 ₱ 7,566.05
02/28/2008 -₱ 23,266.05

₱ -
 SELL

Depreciation - Furniture
Advertising & Promotion Delivery Expense Depreciation - Building
and Equipment

₱ 1,500.00

₱ 478.33 ₱ 120.07

-₱ 1,500.00 -₱ 478.33 -₱ 120.07

Depreciation - Furniture
Amortization Expense Bad Debts Depreciation - Building
and Equipment

₱ 791.67 ₱ 239.25 ₱ 478.33 ₱ 120.07

-₱ 791.67 -₱ 239.25 -₱ 478.33 -₱ 120.07
 SELLING EXPENSE

Depreciation - Delivery
Gas & Oil Repairs and Maintenance Supplies
Equipment

₱ 730.25 ₱ 565.00

-₱ 730.25 -₱ 565.00

GENERAL EXPENSE
Insurance Repairs and Maintenance Salaries Supplies

₱ 7,850.00
₱ 7,850.00
₱ 338.34 ₱ 105.00
-₱ 338.34 -₱ 15,700.00 -₱ 105.00
 SS, Medicare, EC,
Salaries Utilites Miscellaneous
HDMF

₱ 5,400.00
₱ 5,400.00
₱ 709.60 ₱ 445.00

-₱ 10,800.00 -₱ 709.60 -₱ 445.00

SS, Medicare, EC,

Taxes & Licenses Utilites Organization Cost
HDMF

₱ 1,298.40 ₱ 445.00 ₱ 3,750.00

-₱ 1,298.40 -₱ 445.00 -₱ 3,750.00
Miscellaneous
 CERTIFICATE CANCELLED
DATE Certificate
By whom surrendered Ledger Folio
Number

1/2/2018
1/2/2018
3/2/2018
02/28/2018
02/28/2018

Name: Michelle Marquez

Address: 1233 West Greenhills , San Juan
CERTIFICATE CANCELLED
Number Number Of
DATE Journal Folio
Certificate Shares
Name: Marcy Banzon
Address: 1450 West Greenhills , San Juan
CERTIFICATE CANCELLED
Number Number Of
DATE Journal Folio
Certificate Shares

Name: Maribel Cruz

Address: 433 San Lorenzo Village
CERTIFICATE CANCELLED
Number Number Of
DATE Journal Folio
Certificate Shares

Name: Elvira Elvina

Address: 1050 Mabini, Malarie, Manila
CERTIFICATE CANCELLED
Number Number Of
DATE Journal Folio
Certificate Shares
 STOCKHOLDERS' JOURNAL
E CANCELLED CERTIFICATE ISSUED

No. Of Shares Left By In whose name Ledger Folio Certificate Number

Michelle Marquez 1
Marcy Banzon 2
Atty. Ceres Santiago 3
Maribel Cruz 4
Elvira Elvina 5

STOCKHOLDERS' LEDGER

CERTIFICATE ISSUED
Number Of
DATE Journal Folio Number Certificate
Shares
1/2/2018 1 001 536
 CERTIFICATE ISSUED
Number Of
DATE Journal Folio Number Certificate
Shares
1/2/2018 1 002 403

CERTIFICATE ISSUED
Number Of
DATE Journal Folio Number Certificate
Shares
02/28/2018 004 300

CERTIFICATE ISSUED
Number Of
DATE Journal Folio Number Certificate
Shares
02/28/2018 005 175
D
Total No. Of Signanture Subject to
No. Of Shares Shares By-Laws Of Corp.

535.89 536
402.63 939
50 989
300 1289
175 1464

Name: Atty. Ceres Santiago

Address: Greenhills, San Juan
CERTIFICATE CANCELLED CERTIF
DATE Journal Folio Number Of Shares DATE
Number Certificate
3/2/2018
Name:
Address:
CERTIFICATE CANCELLED CERTIF
DATE Journal Folio Number Of Shares DATE
Number Certificate

Name:
Address:
CERTIFICATE CANCELLED CERTIF
DATE Journal Folio Number Of Shares DATE
Number Certificate

Name:
Address:
CERTIFICATE CANCELLED CERTIF
DATE Journal Folio Number Of Shares DATE
Number Certificate
 CERTIFICATE ISSUED
Number Number Of
Journal Folio
Certificate Shares
003 50
 CERTIFICATE ISSUED
Number Number Of
Journal Folio
Certificate Shares

CERTIFICATE ISSUED
Number Number Of
Journal Folio
Certificate Shares

CERTIFICATE ISSUED
Number Number Of
Journal Folio
Certificate Shares
Name: Jocelyn Banzon
Address: 2950 Sta. Ana, Manila
STOCK SUBSCRIBED
Number Of
DATE No. Of Shares Value
Installment
1/2/2018 175 ₱ 175,000.00
Name: Maribel Cruz
Address: 433 San Lorenzo Village
STOCK SUBSCRIBED
Number Of
DATE No. Of Shares Value
Installment
1/2/2018 300 ₱ 300,000.00

Name: Elvira Elvina

Address: 1050 Mabini, Malarie, Manila
STOCK SUBSCRIBED
Number Of
DATE No. Of Shares Value
Installment
1/2/2018 175 ₱ 175,000.00

Name:
Address:
STOCK SUBSCRIBED
Number Of
DATE No. Of Shares Value
Installment
 STOCK PAYMENT
DATE No Of Shares What Installment Amount Paid
1/2/2018 43 and 3/4 1 ₱ 43,750.00
02/28/2008 65 and 5/8 2 ₱ 65,625.00
 STOCK PAYMENT
DATE No Of Shares What Installment Amount Paid
1/2/2018 75 1 ₱ 75,000.00
02/28/2008 225 2 ₱ 225,000.00

STOCK PAYMENT
DATE No Of Shares What Installment Amount Paid
1/2/2018 43 and 3/4 1 ₱ 43,750.00
02/28/2018 131 and 1/2 2 ₱ 131,250.00

STOCK PAYMENT
DATE No Of Shares What Installment Amount Paid
Name:
Address:
STOCK SUBSCRIBED STOCK
Number Of
DATE No. Of Shares Value DATE
Installment
Name:
Address:
STOCK SUBSCRIBED STOCK
Number Of
DATE No. Of Shares Value DATE
Installment

Name:
Address:
STOCK SUBSCRIBED STOCK
Number Of
DATE No. Of Shares Value DATE
Installment

Name:
Address:
STOCK SUBSCRIBED STOCK
Number Of
DATE No. Of Shares Value DATE
Installment
 Name:
Address:
STOCK PAYMENT S
What
No Of Shares Amount Paid DATE
Installment
 Name:
Address:
STOCK PAYMENT S
What
No Of Shares Amount Paid DATE
Installment

Name:
Address:
STOCK PAYMENT S
What
No Of Shares Amount Paid DATE
Installment

Name:
Address:
STOCK PAYMENT S
What
No Of Shares Amount Paid DATE
Installment
 SUBSCRIBERS' LEDGER

STOCK SUBSCRIBED STOCK PAYMENT

Number Of
No. Of Shares Value DATE No Of Shares
Installment
 STOCK SUBSCRIBED STOCK PAYMENT
Number Of
No. Of Shares Value DATE No Of Shares
Installment

STOCK SUBSCRIBED STOCK PAYMENT

Number Of
No. Of Shares Value DATE No Of Shares
Installment

STOCK SUBSCRIBED STOCK PAYMENT

Number Of
No. Of Shares Value DATE No Of Shares
Installment
STOCK PAYMENT
What Installment Amount Paid
STOCK PAYMENT
What Installment Amount Paid

STOCK PAYMENT
What Installment Amount Paid

STOCK PAYMENT
What Installment Amount Paid
 SALES JOURNAL
ACCOUNTS RECEIVABLE
DATE INV. NO POST. REF.
CUSTOMER Dr.
12/2/2008 Lyceum Appliance Center ₱ 8,800
02/19/2008 Joey & Sons ₱ 1,500
02/24/2008 Lucas & Co ₱ 10,726

₱ 21,026

CASH R

Cash In Bank SALES DISCOUNT

DATE OR/CSI NO.
Received From Debit Debit
1/2/2018 Additional cash investment of 600,000 from issuance of 600 shares with par value of P1,000
1/2/2008 Michelle Maquez ₱ 300,000.00
1/2/2008 Marcy Banzon ₱ 300,000.00
1/2/2008 Jocelyn Banzon ₱ 43,750.00
1/2/2008 Maribel Cruz ₱ 75,000.00
1/2/2008 Elvira Elvina ₱ 43,750.00
4/2/2008 Guagua National Store ₱ 8,105.00
4/2/2008 Lyceum Appliance Center ₱ 9,702.00 ₱ 176
6/2/2008 Joey & Sons ₱ 5,060.00
9/2/2008 Emy Mendiola ₱ 1,650.00
12/2/2008 Lyceum Appliance Center ₱ 4,400.00
02/17/2008 University Of Batangas ₱ 8,950.00
02/20/2008 Jojo Calina of J Roces ₱ 3,729.00
02/22/2008 Joey & Sons ₱ 1,470.00 ₱ 26
02/27/2008 St. Benilde College ₱ 3,058.00
02/28/2008 Jocelyn Banzon ₱ 65,625.00
02/28/2008 Maribel Cruz ₱ 225,000.00
02/28/2008 Elvira Elvina ₱ 131,250.00

₱ 1,230,499.00 ₱ 203
JOURNAL
ACCOUNTS RECEIVABLE SALES OUTPUT TAX
Dr. Cr. Cr.
₱ 8,800.00 ₱ 7,857.14 ₱ 942.86
₱ 1,500.00 ₱ 1,339.29 ₱ 160.71
₱ 10,726.00 ₱ 9,576.79 ₱ 1,149.21

₱ 21,026.00 ₱ 18,773.21 ₱ 2,252.79

CASH RECEIPTS JOURNAL

SALES DISCOUNT ACCOUNTS RECEIVABLE SALES SUNDRY

Debit POST. REF. CREDIT Credit Account

Subscription Receivable
Subscription Receivable
Subscription Receivable
Subscription Receivable
Subscription Receivable
₱ 8,105.00
₱ 176.79 ₱ 9,900.00 Output Tax
₱ 5,060.00
₱ 1,473.21 Output Tax
₱ 4,400.00
₱ 7,991.07 Output Tax
₱ 3,329.46 Output Tax
₱ 26.79 ₱ 1,500.00 Output Tax
₱ 2,730.36 Output Tax
Subscription Receivable
Subscription Receivable
Subscription Receivable

₱ 203.57 ₱ 28,965.00 ₱ 15,524.11

SUNDRY
Post Ref Credit

₱ 300,000.00
₱ 300,000.00
₱ 43,750.00
₱ 75,000.00
₱ 43,750.00

-₱ 21.21

₱ 176.79

₱ 958.93
₱ 399.54
-₱ 3.21
₱ 327.64
₱ 65,625.00
₱ 225,000.00
₱ 131,250.00
 DATE CHK. NO.
2/2/2018 34044
4/2/2008 34045
6/2/2008 34046
6/2/2008 34047
6/2/2008 34048
6/2/2008 34049
6/2/2008 34050
6/2/2008 34051
10/2/2008 34052
02/15/2008 34053
02/25/2008 34054
02/28/2008 34055
 ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS ONE THOUSAND TWO HUNDRED AND FIFTY

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
 0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS
 PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
 CHECK REGISTER

Vouchers Payable Purchase Discount

PAID TO VO. NO. POST REF. Dr. Cr.
GOVERNMENT AGENCIES 121 ₱ 1,250.00
BUREAU OF INTERNAL REVENUE 122 ₱ 9,103.33
PLDT 123 ₱ 500.00
MERALCO 124 ₱ 390.00
Philippine Daily Inquirer 125 ₱ 1,500.00
SSS 126 ₱ 1,006.00
Medicare 127 ₱ 200.00
HDMF 128 ₱ 628.00
Escolta Appliance Center 116 ₱ 4,840.00
EMPLOYEES 130 ₱ 12,320.00
BPI 132 ₱ 5,666.67
EMPLOYEES 133 ₱ 11,139.00

₱ 48,543.00
 ACCOUNT NAME CHECK. NO.
HI-TECH APPLIANCE WORLD 36044

GOVERNMENT AGENCIES
D AND FIFTY

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO.

 360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO.

360
PHILIPPINE BANK
Input Tax Philippine Bank
Cr. Cr.
₱ 1,250.00
₱ 9,103.33
₱ 500.00
₱ 390.00
₱ 1,500.00
₱ 1,006.00
₱ 200.00
₱ 628.00
₱ 4,840.00
₱ 12,320.00
₱ 5,666.67
₱ 11,139.00

₱ 48,543.00
 R/T NO.

Feb-02 2008

P ₱ 1,250.00

R/T NO.

2008

R/T NO.
 2008

R/T NO.

2008

R/T NO.

2008

P
 ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS

PHI

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS

PHI

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
 0113 061692

PAY TO THE ORDER OF

PESOS

PHI

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS

PHI

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER
0113 061692

PAY TO THE ORDER OF

PESOS
 PHI

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
ACCOUNT NAME CHECK. NO. R/T NO.
360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

 360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

P
PHILIPPINE BANK
R/T NO. ACCOUNT NUMBER ACCOUNT NAME
0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

 0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS
 PHILIPPINE

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
ACCOUNT NAME CHECK. NO. R/T NO.
360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

 360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

PHILIPPINE BANK

ACCOUNT NAME CHECK. NO. R/T NO.

360

P
PHILIPPINE BANK
R/T NO. ACCOUNT NUMBER ACCOUNT NAME
0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

 0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

R/T NO. ACCOUNT NUMBER ACCOUNT NAME

0113 061692

2008

PAY TO THE ORDER OF

PESOS
 PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
CCOUNT NAME CHECK. NO. R/T NO.
360

2008

PHILIPPINE BANK

CCOUNT NAME CHECK. NO. R/T NO.

360

2008

PHILIPPINE BANK

CCOUNT NAME CHECK. NO. R/T NO.

 360

2008

PHILIPPINE BANK

CCOUNT NAME CHECK. NO. R/T NO.

360

2008

PHILIPPINE BANK

CCOUNT NAME CHECK. NO. R/T NO.

360

2008

P
PHILIPPINE BANK
 ACCOUNT NUMBER ACCOUNT NAME
0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

 0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS
 PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
 CHECK. NO. R/T NO.
360

2008

LIPPINE BANK

CHECK. NO. R/T NO.

360

2008

LIPPINE BANK

CHECK. NO. R/T NO.

 360

2008

LIPPINE BANK

CHECK. NO. R/T NO.

360

2008

LIPPINE BANK

CHECK. NO. R/T NO.

360

2008

P
LIPPINE BANK
 ACCOUNT NUMBER ACCOUNT NAME
0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

 0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS

PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M

ACCOUNT NUMBER ACCOUNT NAME

0113 061692

PAY TO THE ORDER OF

PESOS
 PHILIPPINE BANK

BUENDIA BRANCH
1560 BUENDIA AVE., MAKATI, M.M
 CHECK. NO. R/T NO.
360

2008

BANK

CHECK. NO. R/T NO.

360

2008

BANK

CHECK. NO. R/T NO.

 360

2008

BANK

CHECK. NO. R/T NO.

360

2008

BANK

CHECK. NO. R/T NO.

360

2008

P
BANK
 PAYMENT
DATE VO. NO. PAYEE TERMS
DATE

01/20/2018 115 Abenson Inc. n/30

01/22/2018 116 ESCOLTA APPLIANCE CENTER 2% eom 10/2/2008
2/2/2008 121 GOVERNMENT AGENCIES 2/2/2018
4/2/2008 122 BUREAU OF INTERNAL REVENUE 4/2/2008

6/2/2008 123 PLDT 6/2/2008

6/2/2008 124 MERALCO 6/2/2008
6/2/2008 125 Philippine Daily Inquirer 6/2/2008
6/2/2008 126 SSS 6/2/2008
127 Medicare 6/2/2008
128 HDMF 6/2/2008
6/2/2008 129 ELECTROWORLD
02/15/2008 130 EMPLOYEES 02/15/2008
02/22/2008 131 WEST MART
02/25/2008 132 BPI 02/25/2008

02/28/2008 133 EMPLOYEES 02/28/2008

HI-TECH APPLIANCE WORLD
680 Buendia Ave., Makati, M.M

PAYEE
GOVERNMENT AGENCIES

PARTICULARS

payment for incorporate fees

ACCOUNT TITLE DEBIT CREDIT

Deferred Organization Cost ₱ 1,250.00
Vouchers Payable ₱ 1,250.00

PREPARED BY: CERTIFIED BY:

HI-TECH APPLIANCE WORLD

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
 ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

 VOUCHER REGISTER

PAYMENT VOUCHERS PAYABLE PURCHASES SELLING EXPENSE GENERAL EXPENSE SUNDRY

CHK# Cr. Dr. Dr. Dr. ACCOUN

₱ 17,300.00 ₱ 15,446.43 InputTax

34052 ₱ 4,840.00 ₱ 4,321.43 InputTax
34044 ₱ 1,250.00 Deferred Organization Cost
34045 ₱ 9,103.33 Withholding Tax Payable
VAT Payable
Taxes Payable
34046 ₱ 500.00 Utilities Payable
34047 ₱ 390.00
34048 ₱ 1,500.00 ₱ 1,500.00
34049 ₱ 1,006.00 SS, Medicare, EC, HDMF P
34050 ₱ 200.00
34051 ₱ 628.00
₱ 16,500.00 ₱ 14,732.14 Input Tax
34053 ₱ 12,320.00 ₱ 5,400.00 ₱ 7,850.00 Withholding Tax Payable
₱ 4,950.00 ₱ 4,419.64 Input Tax
34054 ₱ 5,666.67 Notes Payable
Interest Expense
34055 ₱ 11,139.00 ₱ 5,400.00 ₱ 7,850.00 SSS Premims Payable
Medicare Premiums Payable
HDMF Premiums Payable
Withholding Taxes Payable

₱ 87,293.00 ₱ 19,151.78 ₱ 28,000.00

 NO. 121
DATE: 2/2/2008

AMOUNT

₱ 1,250.00

PESOS ONE THOUSAND TWO HUNDRED AND FIFTY

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT

PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:
 SUNDRY AMOUNT
ACCOUNT TITLE F Dr. Cr.

InputTax ₱ 1,853.57
InputTax ₱ 518.57
Deferred Organization Cost ₱ 1,250.00
Withholding Tax Payable ₱ 798.00
VAT Payable ₱ 3,357.27
Taxes Payable ₱ 4,948.06
Utilities Payable ₱ 890.00

SS, Medicare, EC, HDMF Premiums Payable ₱ 1,834.00

Input Tax ₱ 1,767.86

Withholding Tax Payable ₱ 930.00
Input Tax ₱ 530.36
Notes Payable ₱ 4,916.67
Interest Expense ₱ 750.00
SSS Premims Payable ₱ 883.50
Medicare Premiums Payable ₱ 177.50
HDMF Premiums Payable ₱ 120.00
Withholding Taxes Payable ₱ 930.00
MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
NO ACCOUNT TITLE

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

DEBIT

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
ACCOUNT TITLE DEBIT

PREPARED BY:
 SELLING GENERAL
SSS 333.4 550.1
MDCR 75 102.5
HDMF 120
528.4 652.6 ₱ 1,181.00
 NO.
DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

PARTICULARS AMOUNT
OT R
DEBIT CREDIT

CERTIFIED BY:
PESOS

CHECK NO.
PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

PARTICULARS AMOUNT
DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

 MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL

ACCOUNT TITLE

DATE:

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL
REQ
DATE:
ACCOUNT TITLE

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL

ACCOUNT TITLE

DATE:

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL
 ACCOUNT TITLE

DATE:

PREPARED BY:
PLIANCE CENTER NO.
ati, M.M DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

PLIANCE CENTER NO.

ati, M.M DATE:

PARTICULARS AMOUNT
QUIR DEBIT

PLIANCE CENTER
CREDIT

CERTIFIED BY:
PESOS

CHECK NO.
PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

ati, M.M DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

PLIANCE CENTER NO.

ati, M.M DATE:

PARTICULARS AMOUNT
DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

 MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS
IRED ACCOUNT TITLE

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

DEBIT

CERTIFIED BY:

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS
ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

 NO.
DATE:

ARTICULARS AMOUNT

CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

ARTICULARS AMOUNT
ED CREDIT

CERTIFIED BY:
PESOS

CHECK NO.
PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

DATE:

ARTICULARS AMOUNT

CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

ARTICULARS AMOUNT
 CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
 ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

 NO.
DATE:

AMOUNT

PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT

PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:
MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
 ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

 NO. MAHARLIKA APPLIANCE
DATE: 680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT

ACCOUNT TITLE

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY: PREPARED BY:

NO. MAHARLIKA APPLIANCE

DATE: 680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT
 ACCOUNT TITLE

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY: PREPARED BY:

NO. MAHARLIKA APPLIANCE

DATE: 680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT

ACCOUNT TITLE

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY: PREPARED BY:

NO. MAHARLIKA APPLIANCE

DATE: 680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT
 ACCOUNT TITLE

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY: PREPARED BY:

MAHARLIKA APPLIANCE CENTER NO.
680 Buendia Ave., Makati, M.M DATE:

PARTICULARS AMOUNT

ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER NO.

680 Buendia Ave., Makati, M.M DATE:

PARTICULARS AMOUNT
 ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER NO.

680 Buendia Ave., Makati, M.M DATE:

PARTICULARS AMOUNT

ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER NO.

680 Buendia Ave., Makati, M.M DATE:

PARTICULARS AMOUNT
ACCOUNT TITLE DEBIT CREDIT PESOS

CHECK NO.
PAYMENT RECEIVED BY:

PREPARED BY: CERTIFIED BY: APPROVED BY:

 MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL

ACCOUNT TITLE

DATE:

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL
 ACCOUNT TITLE

DATE:

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL

ACCOUNT TITLE

DATE:

PREPARED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

AMOUNT PARTICUL
 ACCOUNT TITLE

DATE:

PREPARED BY:
PLIANCE CENTER NO.
ati, M.M DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

PLIANCE CENTER NO.

ati, M.M DATE:

PARTICULARS AMOUNT
 DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

PLIANCE CENTER NO.

ati, M.M DATE:

PARTICULARS AMOUNT

DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

PLIANCE CENTER NO.

ati, M.M DATE:

PARTICULARS AMOUNT
DEBIT CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

 MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS
 ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS

ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

T PARTICULARS
ACCOUNT TITLE DEBIT

PREPARED BY: CERTIFIED BY:

 NO.
DATE:

ARTICULARS AMOUNT

CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

ARTICULARS AMOUNT
 CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

ARTICULARS AMOUNT

CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

NO.
DATE:

ARTICULARS AMOUNT
 CREDIT PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

CERTIFIED BY: APPROVED BY:

MAHARLIKA APPLIANCE CENTER
680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
 ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS

ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

MAHARLIKA APPLIANCE CENTER

680 Buendia Ave., Makati, M.M

PAYEE

PARTICULARS
ACCOUNT TITLE DEBIT CREDIT

PREPARED BY: CERTIFIED BY:

 NO.
DATE:

AMOUNT

PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT

PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:

NO.
DATE:

AMOUNT
PESOS

CHECK NO. DATE:

PAYMENT RECEIVED BY:

APPROVED BY:
ACCOUNTS RECEIVABLE SCHEDULE
Invoice Date Invoice Number Debtors Name
12/15/2007 201 Rang-ay Rural Bank
12/27/2007 203 Guagua National Bookstore
8/1/2008 205 Lucas & Co.
01/15/2008 206 Joey & Sons
01/25/2008 208 Lyceum Appliance Center
12/2/2008 Lyceum Appliance Center
02/19/2008 Joey & Sons
02/24/2008 Lucas & Co

VOUCHERS SCHEDULE
Invoice Date Voucher Number Creditors Name

01/20/2008 114-115 Abenson, Inc.

01/22/2008 116 Escolta Appliance Center
2/2/2008 121 GOVERNMENT AGENCIES
4/2/2008 122 BUREAU OF INTERNAL REVENU
6/2/2008 123 PLDT
6/2/2008 124 MERALCO
6/2/2008 125 Philippine Daily Inquirer
6/2/2008 126 SSS
12/30/1899 127 Medicare
12/30/1899 128 HDMF
6/2/2008 129 ELECTROWORLD
02/15/2008 130 EMPLOYEES
02/22/2008 131 WEST MART
02/25/2008 132 BPI
02/28/2008 133 EMPLOYEES
As Of February 2008
Amount Terms Due Date Payment Date Payment 2nd Payment Date
₱ 2,245.00 01/14/2008
₱ 8,105.00 01/26/2008 4/2/2008 ₱ 8,105.00
₱ 6,500.00 7/2/2008
₱ 5,060.00 02/14/2008 6/2/2008 ₱ 5,060.00
₱ 9,900.00 02/24/2008 4/2/2008 ₱ 9,900.00
₱ 8,800.00 11/3/2008 12/2/2008 ₱ 4,400.00
₱ 1,500.00 03/18/2008 02/22/2008 ₱ 1,500.00
₱ 10,726.00 03/23/2008

As Of February 2008
Total Amounts Terms Due Date Payment Date Payment 2nd Payment Date

₱ 17,300.00 n/30
₱ 4,840.00 2% e.o.m 10/2/2008 ₱ 4,840.00
₱ 1,250.00 2/2/2018 ₱ 1,250.00
₱ 9,103.33 4/2/2008 ₱ 9,103.33
₱ 500.00 6/2/2008 ₱ 500.00
₱ 390.00 6/2/2008 ₱ 390.00
₱ 1,500.00 6/2/2008 ₱ 1,500.00
₱ 1,006.00 6/2/2008 ₱ 1,006.00
₱ 200.00 6/2/2008 ₱ 200.00
₱ 628.00 6/2/2008 ₱ 628.00
₱ 16,500.00
₱ 12,320.00 02/15/2008 ₱ 12,320.00
₱ 4,950.00 02/25/2008
₱ 5,666.67 02/28/2008 ₱ 5,666.67
₱ 11,139.00 02/28/2008 ₱ 11,139.00
Payment Oustanding
₱ 2,245.00
₱ -
₱ 6,500.00
₱ -
₱ -
₱ 4,400.00
₱ -
₱ 10,726.00
₱ 23,871.00

Payment Total Amounts

₱ -
₱ 17,300.00
₱ -
₱ -
₱ -
₱ -
₱ -
₱ -
₱ -
₱ -
₱ -
₱ 16,500.00
₱ -
₱ 4,950.00
₱ -
₱ -

₱ 38,750.00
SUBSCRIPTION RECEIVABLE SCHEDULE
DATE INCORPORATORS SUBSCRIPTION DOWN PAYMENT
1/2/2008 Jocelyn Banzon ₱ 175,000.00 ₱ 43,750.00
1/2/2008 Maribel Cruz ₱ 300,000.00 ₱ 75,000.00
1/2/2008 Elvira Elvina ₱ 175,000.00 ₱ 43,750.00
 PAYMENTS
BALANCES DATE IN FULL DATE 50% DATE 50%
₱ 131,250.00 02/28/2008 ₱ 65,625.00
₱ 225,000.00 02/28/2008 ₱ 225,000.00
₱ 131,250.00 02/28/2008 ₱ 131,250.00

₱ 356,250.00 ₱ 65,625.00
 Trial Balance
Account Title
Debit
Cash On Hand ₱ -
Cash In Bank - Philippine Bank ₱ 1,283,305.09
Petty Cash Fund ₱ 600.00
Notes Receivable ₱ -
Accounts Receivable ₱ 23,871.00
Allowance For Doubtful Accounts
Subscription Receivable ₱ 65,625.00
Interest Receivable ₱ -
Merchandise Inventory ₱ 75,500.00
Supplies Inventory ₱ 4,887.00
Prepaid Insurance ₱ 676.67
Excess Input Tax ₱ -
Deferred Organization Cost ₱ 51,250.00
Land ₱ 50,000.00
Building ₱ 143,500.00
Accumulated Depreciation - Building
Delivery Equipment ₱ 71,222.22
Accumulated Depreciation - Delivery Equipment
Furniture & Equipment ₱ 14,407.95
Accumulated Depreciation - Furniture & Equipment
Vouchers Payable
Utilities Payable
Interest Payable
SS, Medicare, EC, HDMF Premiums Payable
Withholding Taxes Payable
Taxes Payable
Loans Payable
VAT Payable
Input Tax ₱ 2,298.22
Output Tax
Notes Payable
Capital Stock
Subscribed Capital Stock
Premium On Capital Stock
Retained Earnings
Sales
Sales Return and Allowances
Sales Discount ₱ 203.58
Purchases ₱ 19,151.78
Purchase Return and Allowances
Purchase Discounts
Freight In ₱ 400.00
Advertising & Promotion ₱ 1,500.00
Delivery Expense
Depreciation - Building
Depreciation - Furniture and Equipment
Depreciation - Delivery Equipment
Gas & Oil
Repairs and Maintenance
Supplies
Salaries ₱ 10,800.00
SS, Medicare, EC, HDMF
Utilites
Miscellaneous
Amortization Expense
Bad Debts
Depreciation - Building
Depreciation - Furniture and Equipment
Insurance
Repairs and Maintenance
Salaries ₱ 15,700.00
Supplies
SS, Medicare, EC, HDMF
Taxes & Licenses
Utilites
Organization Cost
Miscellaneous
Interest Income
Bank Service Charge
Interest Expense ₱ 750.00
Revenue & Expense Summary

₱ 1,835,648.51
Trial Balance Adjustments Income Statement
Credit Debit Credit Debit

₱ 25.00

₱ 954.30 ₱ 239.25

₱ 80,400.00 ₱ 75,500.00
₱ 670.00
₱ 338.34

₱ 4,541.67

₱ 956.67

₱ 730.25

₱ 240.13
₱ 38,750.00
₱ - ₱ 890.00
₱ -
₱ 1,181.00 ₱ 2,008.00
₱ 1,860.00
₱ -
₱ 916.66
₱ - ₱ 1,793.04
₱ 2,298.22
₱ 4,091.26 ₱ 4,091.26
₱ 115,083.33
₱ 1,463,515
₱ 175,000.00

₱ 34,297.32

₱ 203.58
₱ 19,151.78
 ₱ 400.00
₱ 1,500.00
₱ -
₱ 478.33 ₱ 478.33
₱ 120.07 ₱ 120.07
₱ 730.25 ₱ 730.25
₱ -
₱ -
₱ 565.00 ₱ 565.00
₱ 10,800.00
₱ 709.60 ₱ 709.60
₱ 445.00 ₱ 445.00
₱ -
₱ 791.67 ₱ 791.67
₱ 239.25 ₱ 239.25
₱ 478.33 ₱ 478.33
₱ 120.07 ₱ 120.07
₱ 338.34 ₱ 338.34
₱ -
₱ 15,700.00
₱ 105.00 ₱ 105.00
₱ 1,298.40 ₱ 1,298.40
₱ -
₱ 445.00 ₱ 445.00
₱ 3,750.00 ₱ 3,750.00

₱ 25.00 ₱ 25.00
₱ 750.00
₱ 80,400.00

₱ 1,835,648.51 ₱ 95,130.56 ₱ 95,130.56 ₱ 134,644.66

₱ - ₱ -
₱ 134,644.66
Income Statement Balance Sheet a.)
Credit Debit Credit

₱ 1,283,280.09
₱ 600.00 b.)
₱ -
₱ 23,871.00
₱ 1,193.55
₱ 65,625.00 c.)
₱ -
₱ 80,400.00
₱ 4,217.00
₱ 338.34
₱ -
₱ 46,708.33
₱ 50,000.00
₱ 143,500.00
₱ 956.67
₱ 71,222.22
₱ 730.25 d.)
₱ 14,407.95
₱ 240.13
₱ 38,750.00
₱ 890.00 e.)
₱ -
₱ 3,189.00
₱ 1,860.00
₱ - f.)
₱ 916.66
₱ 1,793.04
₱ -
₱ - g.)
₱ 115,083.33
₱ 1,463,515
₱ 175,000.00 h.)
₱ -
₱ -
₱ 34,297.32
 i.)

j.)

k.)

l.)

₱ 80,400.00

₱ 114,697.32 ₱ 1,784,169.93 ₱ 1,804,117.26

₱ 19,947.34 ₱ 19,947.34
₱ 134,644.66 ₱ 1,804,117.26 ₱ 1,804,117.26
 ADJUSTING ENTRIES:
DATE PARTICULARS DEBIT

02/28/2008 Bad Debts ₱ 239.25

Allowance For Doubtful Accounts
To record the bad debts provision

02/28/2008 Supplies Expense ₱ 670.00

Supplies Inventory
To record used supplies

02/28/2008 Depreciation - Building ₱ 956.67

Accumulated Depreciation - Building

Depreciation - Furniture and Equipment ₱ 240.13

Accumulated Depreciation - Furniture & Equipment

Depreciation - Delivery Equipment ₱ 730.25

Accumulated Depreciation - Delivery Equipment
To record accumulated depreciation of plant assets

02/28/2008 SS, Medicare, EC, HDMF ₱ 2,008.00

SS, Medicare, EC, HDMF Premiums Payable
To record the employer's premiums contribution

02/28/2008 Utilities ₱ 890.00

Utilities Payable
To record accrued utilities

02/28/2008 Merchandise Inventory ₱ 80,400.00

Revenue & Expense Summary
To record ending inventory

02/28/2008 Bank Service Charge ₱ 25.00

Cash In Bank

02/28/2008 Organization Cost ₱ 3,750.00

Deferred Organization Cost
To expense the orgnization cost in excess of 50,000

Amortization Expense ₱ 791.67

Deferred Organization Cost
To amortize deferred organization cost
02/28/2008 Insurance Expense ₱ 338.34
Prepaid Insurance

02/28/2008
no entry
To record accrue unreplenish petty expense

02/28/2008 Output Tax ₱ 4,091.26

Input Tax
VAT Payable
To close output and input tax

02/28/2008 NO ENTRY SINCE THE OPERATION IS LOSS

₱ 95,130.56
 CREDIT Required Allowance
Per Book
Increase in allowance
₱ 239.25
STORE 565
OFFICE 105
TOTAL 670
₱ 670.00

BUILDING
USEFUL LIFE
₱ 956.67 ₱ 478.33 DEPRECIABLE AMOUNT

₱ 240.13
F&E

USEFUL LIFE
₱ 730.25 DEPRECIABLE AMOUNT

₱ 2,008.00 EMPLOYER'S SHARE

SSS EC
SELLING ₱ 506.60 ₱ 20.00
GENERAL ₱ 1,035.90 ₱ 40.00
₱ 890.00 TOTAL ₱ 1,542.50 ₱ 60.00

UTILITIES:
PLDT ₱ 540.00
₱ 80,400.00 MERALCO ₱ 350.00
₱ 890.00

₱ 25.00 AMORTIZATION OF ORGANIZATION COST

provision of 5,000
organization cost
₱ 3,750.00 exceed of
Excess
Expensed

₱ 791.67 Amortized ₱ 51,250.00

Expensed ₱ 3,750.00
 Remaining ₱ 47,500.00
years of amortization 5
Amortize Amount ₱ 9,500.00
Amortization Expense ₱ 791.67 0.08
₱ 338.34 https://www.journalofaccountancy.com/issues/2015/nov/startup-costs-book-vs-ta

P.I ₱ 676.67
1/2
₱ 338.335
₱ 2,298.22
₱ 1,793.04

₱ 95,130.56
₱ 1,193.55
₱ 954.30
₱ 239.25

₱ 143,500.00
25
₱ 5,740.00
1/6 1/12. D.E ₱ 71,222.22
₱ 956.67 SCRAPVALUE 5500
NET COST ₱ 65,722.22
₱ 14,407.95 USEFUL LIFE 15

10 DEPRECIABLE AMOUNT ₱ 4,381.48

₱ 1,440.79 1/6 1/12.
1/6 1/12. 730.25
240.13

MDCR HDMF TOTAL

₱ 75.00 ₱ 108.00 ₱ 709.60
₱ 102.50 ₱ 120.00 ₱ 1,298.40
₱ 177.50 ₱ 228.00 ₱ 2,008.00

₱ 5,000.00
₱ 51,250.00
₱ 50,000.00
₱ 1,250.00
₱ 3,750.00
 1/12 'yang 0.08
/startup-costs-book-vs-tax-treatment.html
 HI-TECH APPLIANCE CENTER
Statement Of Financial Position
As Of February 28, 2008

ASSETS

CURRENT ASSETS
Cash In Bank - Philippine Bank
Petty Cash Fund
Accounts Receivable
Allowance For Doubtful Accounts
Subscription Receivable
Merchandise Inventory
Supplies Inventory
Prepaid Insurance
Total Current Assets

NON-CURRENT ASSETS
Deferred Organization Cost
Land
Building
Accumulated Depreciation - Building
Delivery Equipment
Accumulated Depreciation - Delivery Equipment
Furniture & Equipment
Accumulated Depreciation - Furniture & Equipment
Total Non-Current Assets
Total Assets

LIABILITIES & EQUITY

CURRENT LIABILITIES
Vouchers Payable
Utilities Payable
SS, Medicare, EC, HDMF Premiums Payable
Withholding Taxes Payable
Loans Payable
VAT Payable
Total Current Liabilities

NON-CURRENT LIABILITIES
Notes Payable
TOTAL LIABILITIES

OWNERS' EQUITY
Authorized to issue 5,000 common shares with a par value of 1,000 per share
Capital Stock
Subscribed Capital Stock
Total Paid In Capital
Retained Earnings
Revenue & Expense Summary
TOTAL SHAREHOLDERS' EQUITY
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

HI-TECH APPLIANCE CENTER

Statement Of Cash Flow
For the month ended February 28, 2008

Cash flow from operating activities

Cash received from customers ₱ 46,124.00
Cash payment to suppliers ₱ 4,840.00
Cash payment to employees ₱ 23,459.00
Cash payment for payroll ₱ 1,834.00
Cash payment for taxes ₱ 9,103.33
Cash payment for utilities ₱ 890.00
Cash payment for promotion ₱ 1,500.00
Payment for organization cost ₱ 1,250.00
Cash payment for bank service charge ₱ 25.00
Net Cash flow from operating activities ₱ 3,222.67

Cash flow from investing activities

₱ -
Net Cash flow from investing activities ₱ -

Cash flow from financing activities

Cash investment by the owner ₱ 600,000.00
Cash received from subscribers ₱ 584,375.00
Cash payment for loans ₱ 5,666.67
Net cash flow from financing activities ₱ 1,178,708.33
Net cash flow
Cash Balance, February 1, 2008 ₱ 101,349.09
Cash Balance, January 31, 2008 ₱ 1,283,280.09
 Sales
Sales Discount
Net Sales
Less Cost Of Goods Sold
₱ 1,283,280.09 Merchandise Inventory, Beginning
₱ 600.00 Add Net Cost Of Purchases
₱ 23,871.00 Purchases
-₱ 1,193.55 Freight In
₱ 65,625.00 Cost Of Delivered Goods
₱ 80,400.00 Less Purchase Discount
₱ 4,217.00 Purchase Return and Allowances
₱ 338.34 Total Goods Available For Sale
₱ 1,457,137.87 Less Merchandise Inventory, end
Gross Profit
Less Opearting Expenses
₱ 46,708.33 Selling Expense
₱ 50,000.00 Advertising & Promotion
₱ 143,500.00 Depreciation - Building
-₱ 956.67 Depreciation - Furniture and Equipment
₱ 71,222.22 Depreciation - Delivery Equipment
-₱ 730.25 Supplies
₱ 14,407.95 Salaries
-₱ 240.13 SS, Medicare, EC, HDMF
₱ 323,911.46 Utilites
₱ 1,781,049.33 General Expenses
Amortization Expense
Bad Debts
Depreciation - Building
Depreciation - Furniture and Equipment
₱ 38,750.00 Insurance
₱ 890.00 Salaries
₱ 3,189.00 Supplies
₱ 1,860.00 SS, Medicare, EC, HDMF
₱ 916.66 Utilites
₱ 1,793.04 Organization Cost
₱ 47,398.70 Operating Income
Less Other Expense
Bank Service Charge
Interest Expense
₱ 115,083.33 NET LOSS
₱ 162,482.03

₱ 1,463,515
₱ 175,000
₱ 1,638,515

-₱ 19,947.34
₱ 1,618,567
₱ 1,781,049.33

HI-TECH APPLIANCE CENTER

Statement Of Shareholders' Equity
For the month ended February 28, 2008

Authorized to issue 5,000 common shares with a par value of 1,000 per share
Capital Stock
Subscribed Capital Stock
Total Paid In Capital
Retained Earnings
Revenue & Expense Summary
TOTAL SHAREHOLDERS' EQUITY
 HI-TECH APPLIANCE CENTER
Income Statement
For the month ended February
₱ 34,297.32
₱ 203.58
₱ 34,093.74
t Of Goods Sold
dise Inventory, Beginning ₱ 75,500.00
Cost Of Purchases
₱ 19,151.78
₱ 400.00 ₱ 19,551.78
Delivered Goods ₱ 95,051.78
chase Discount 0.00
rchase Return and Allowances 0 ₱ -
ods Available For Sale ₱ 95,051.78
rchandise Inventory, end ₱ 80,400.00 ₱ 14,651.78
₱ 19,441.96
arting Expenses

ng & Promotion ₱ 1,500.00

ion - Building ₱ 478.33
ion - Furniture and Equipment ₱ 120.07
ion - Delivery Equipment ₱ 730.25
₱ 565.00
₱ 10,800.00
care, EC, HDMF ₱ 709.60
₱ 445.00 ₱ 15,348.25

tion Expense ₱ 791.67

₱ 239.25
ion - Building ₱ 478.33
ion - Furniture and Equipment ₱ 120.07
₱ 338.34
₱ 15,700.00
₱ 105.00
care, EC, HDMF ₱ 1,298.40
₱ 445.00
₱ 3,750.00 ₱ 23,266.05
-₱ 19,172.34
her Expense
vice Charge -₱ 25.00
-₱ 750.00
-₱ 19,947.34
NCE CENTER
olders' Equity
ebruary 28, 2008

₱ 1,463,515
₱ 175,000
₱ 1,638,515

-₱ 19,947
₱ 1,618,567
 DATE PARTICULARS DEBIT CREDIT

02/28/08 Sales ₱ 34,297.32

Merchandise Inventory, end ₱ 80,400.00
Revenue & Expense Summary ₱ 19,947.34
Merchandise Inventory, beginning ₱ 75,500.00
Purchases ₱ 19,151.78
Freight In ₱ 400.00
Sales Discount ₱ 203.58
Advertising & Promotion ₱ 1,500.00
Depreciation - Building ₱ 478.33
Depreciation - Furniture and Equipment ₱ 120.07
Depreciation - Delivery Equipment ₱ 730.25
Supplies ₱ 565.00
Salaries ₱ 10,800.00
SS, Medicare, EC, HDMF ₱ 709.60
Utilites ₱ 445.00
Amortization Expense ₱ 791.67
Bad Debts ₱ 239.25
Depreciation - Building ₱ 478.33
Depreciation - Furniture and Equipment ₱ 120.07
Insurance ₱ 338.34
Salaries ₱ 15,700.00
Supplies ₱ 105.00
SS, Medicare, EC, HDMF ₱ 1,298.40
Utilites ₱ 445.00
Organization Cost ₱ 3,750.00
Interest Expense ₱ 750.00
Bank Service Charge ₱ 25.00
To close temporary accounts

02/28/08 Retained Earnings ₱ 19,947.34

Revenue & Expense Summary ₱ 19,947.34
To close net loss to retained earnings
 HI-TECH APPLIANCE CENTER
Post-Closing Trial Balance
February 28, 2008

Cash In Bank - Philippine Bank

Petty Cash Fund
Accounts Receivable
Allowance For Doubtful Accounts
Subscription Receivable
Merchandise Inventory
Supplies Inventory
Prepaid Insurance
Deferred Organization Cost
Land
Building
Accumulated Depreciation - Building
Delivery Equipment
Accumulated Depreciation - Delivery Equipment
Furniture & Equipment
Accumulated Depreciation - Furniture & Equipment
Vouchers Payable
Utilities Payable
SS, Medicare, EC, HDMF Premiums Payable
Withholding Taxes Payable
Loans Payable
VAT Payable
Notes Payable
Capital Stock
Subscribed Capital Stock
Retained Earnings
TOTAL
 ECH APPLIANCE CENTER
Post-Closing Trial Balance
February 28, 2008
DEBIT CREDIT
₱ 1,283,280.09
₱ 600.00
₱ 23,871.00
₱ 1,193.55
₱ 65,625.00
₱ 80,400.00
₱ 4,217.00
₱ 338.34
₱ 46,708.33
₱ 50,000.00
₱ 143,500.00
₱ 956.67
₱ 71,222.22
₱ 730.25
₱ 14,407.95
₱ 240.13
₱ 38,750.00
₱ 890.00
₱ 3,189.00
₱ 1,860.00
₱ 916.66
₱ 1,793.04
₱ 115,083.33
₱ 1,463,515 ROUNDED OFF
₱ 175,000.00
₱ 19,947.34
₱ 1,804,711.27 ₱ 1,804,711.27