wagwag enterprises.xlsx

7/27/2019 Wagwag Enterprises.xlsx

1/69

WAGWAG ENTERPRISES

PRACTICE SET

-CCM


2/69

200x

Sept. 1 FAX # 781 ^ 4,500.00 4,500.00

Esteban # 782 ^ 6,300.00 6,300.00

YANG's # 783 ^ 6,000.00 6,000.00

Sept. 6 Capital Goods # 784 ^ 16,000.00 16,000.00

LEE # 785 ^ 9,000.00 9,000.00

New City # 786 ^ 6,000.00 6,000.00

Sept. 7 Various Creditors CPJ 45,000.00 45,000.00


Sept. 11 New City # 787 ^ 45,000.00 45,000.00

Esteban # 788 ^ 17,000.00 17,000.00


Sept. 16 Andy & Son # 789 ^ 35,000.00 35,000.00

HANZ # 790 ^ 28,000.00 28,000.00

YANG's # 791 ^ 34,000.00 34,000.00Sept. 20 Various Creditors CPJ 67,000.00 67,000.00

Sept. 21 Capital Goods # 792 ^ 34,000.00 34,000.00

HANZ # 793 ^ 42,000.00 42,000.00

Roberto # 794 ^ 50,000.00 50,000.00



Sept. 30 Cute # 797 ^ 9,700.00 9,700.00

FAX # 798 ^ 14,000.00 14,000.00

LEE # 799 ^ 46,000.00 46,000.00

Roberto # 800 ^ 20,000.00 20,000.00

Esteban # 801 ^ 3,000.00 3,000.00

686,000.00 686,000.00

(510) (310)

Accounts Payable

(credit)

PURCHASE JOURNAL

Date Customer P.O. # PR Purchases (debit)


3/69

checking

-

-

-

-

-

-

-

-

-

-

-

-

-

--

-

-

-

note: missing P.O. # 7 -

-

-

-

-

-

-

-


4/69

1

Name: Terms: 2/10, n/30

Address:

Date Explanation Ref. Debit Credit Balance200x

Sept. 16 P.O. # 789 PJ 35,000.00 35,000.00

Sept. 21 Paid in full CPJ 35,000.00 -

2


Address:

Date Explanation Ref. Debit Credit Balance

200x

Sept. 6 P.O. 784 PJ 16,000.00 16,000.00


Sept. 21 P.O. 792 PJ 34,000.00 34,000.00

Sept. 23 Paid in full 34,000.00 -

3


Address:


200x

Sept. 30 P.O. 797 PJ 9,700.00 9,700.00

4


Address:


CUTE

ACCOUNTS PAYABLE LEDGERS

ANDY & SON

42 Otek, Baguio City

CAPITAL GOODS

5 Happy Homes, Baguio City

50 Woodville, La Trinidad, Benguet

ESTEBAN

43 Bakakeng, Baguio City


5/69

200x

Sept. 1 P.O. # 782 PJ 6,300.00 6,300.00


Sept. 11 P.O. # 788 PJ 17,000.00 17,000.00

Sept. 30 P.O. # 801 PJ 3,000.00 20,000.00

5


Address:


200x

31-Aug Beg. Balance SAP 16,700.00 16,700.00

P.O. # 781 PJ 4,500.00 21,200.00

Sept. 3 Paid in Full CPJ 4,500.00 16,700.00

Sept. 4 Paid the balance CPJ 16,700.00 -

Sept. 30 P.O. # 798 PJ 14,000.00 14,000.00

6


Address:


200x

Sept. 16 P.O. # 790 PJ 28,000.00 28,000.00Sept. 20 CM CPJ 1,200.00 26,800.00

Sept. 21 P.O. # 793 PJ 42,000.00 68,800.00

Sept. 21 Paid in full CPJ 26,800.00 42,000.00


7

Name: Terms: n/30

Address:


200x


Sept. 6 P.O. # 785 PJ 9,000.00 24,600.00


Sept. 30 P.O. # 799 PJ 46,000.00 61,600.00

100 Everlasting Q.M., Baguio City

LEE

15 Campo Sioco, Baguio City

FAX

16 Badihoy Rd., Baguio City

HANZ


6/69

8


Address:


200xSept. 6 P.O. # 786 PJ 6,000.00 6,000.00

Sept. 11 P.O. # 787 PJ 45,000.00 51,000.00


9


Address:


200x


Sept. 4 Paid the balance CPJ 13,000.00 -

Sept. 21 P.O. # 794 PJ 50,000.00 50,000.00

Sept. 23 Paid in full CRJ 50,000.00 -

Sept. 30 P.O. # 800 PJ 20,000.00 20,000.00

10


Address:


200x


P.O. # 783 PJ 6,000.00 17,000.00


Sept. 9 CM CPJ 500.00 10,500.00

Sept. 16 P.O. # 791 PJ 34,000.00 44,500.00


830 Leonard Wood, Baguio City

YANG'S

2 Rizal Park, Baguio City

NEW CITY

60 Tacay Rd., Baguio City

ROBERTO


7/69

Cute 9,700.00

Esteban 20,000.00

FAX 14,000.00

LEE 61,600.00

New City 45,000.00

Roberto 20,000.00

YANG's 10,500.00

Total 180,800.00

WAGWAG ENTERPRISES

Schedule of Accounts Payable

September 30, 200x


8/69


9/69


10/69

Checking:

56,300.00

686,000.00

(561,500.00)

180,800.00


11/69

200x

Sept. 1 Rent Expense 650

Office Supplies 170Store Supplies 160

Sept. 2 Advertising 620

FAX ^ 4,500.00

YANG's ^ 6,000.00

Sept. 4 Salaries 610

FAX ^ 16,700.00

Roberto ^ 13,000.00

Sept. 6 Office Supplies 170

Sept. 7 Capital Goods ^ 16,000.00

Various Creditors PJ 45,000.00

Sept. 8 Freight In 520

Misc. General Expense 710

Advertising 620

Store Supplies 160

Sept. 9 YANG's CM ^ 500.00

LEE ^ 9,000.00

Esteban ^ 6,300.00

Sept. 10 Juan Wagwag, Drawing 330

Freight In 520


Office Supplies 170Misc. General Expense 710

Sept. 11 Salaries 610

Sept. 14 Various Creditors PJ 90,000.00

Advertising 620

Sept. 15 Misc. General Expense 710

Prepaid Insurance 190

Sept. 18 Misc. General Expense 710

Misc. Selling Expense 680

Salaries 610

Sept. 20 Advertising 620


HANZ CM ^ 1,200.00

Juan Wagwag, Drawing 330

Advertising Supplies 630

Misc. Selling Expense 680

Sept. 21 Andy & Son ^ 35,000.00

HANZ ^ 26,800.00

Sept. 23 Capital Goods ^ 34,000.00

PRParticularsCheck No.DateAccount

Code

CASH PAY

Accounts Payable

(debit)


12/69

New City ^ 6,000.00

Roberto ^ 50,000.00


Sales R & A CM

Sept. 24 HANZ ^ 42,000.00

Misc. General Expense 710

Advertising Supplies 630Sept. 27 Misc. General Expense 710

Sept. 28 YANG's ^ 34,000.00

Sept. 29 Various Creditors PJ 6,000.00

561,500.00

(310)


13/69

checking

25,000.00 25,000.00 -

650.00 650.00 -1,500.00 1,500.00 -

900.00 900.00 -

4,410.00 90.00 -

5,880.00 120.00 -

70,000.00 70,000.00 -

16,700.00 -

13,000.00 -

720.00 720.00 -

15,680.00 320.00 -

45,000.00 -

700.00 700.00 -

2,800.00 2,800.00 -

60.00 60.00 -

100.00 100.00 -

500.00 -

9,000.00 -

6,237.00 63.00 -

10,000.00 10,000.00 -

500.00 500.00 -

18,000.00 -

300.00 300.00 -940.00 940.00 -

70,000.00 70,000.00 -

90,000.00 -

900.00 900.00 -

3,000.00 3,000.00 -

3,100.00 3,100.00 -

1,500.00 1,500.00 -

7,500.00 7,500.00 -

70,000.00 70,000.00 -

4,000.00 4,000.00 -

67,000.00 -

1,200.00 -

10,000.00 10,000.00 -

1,000.00 1,000.00 -

150.00 150.00 -

34,300.00 700.00 -

26,264.00 536.00 -

33,320.00 680.00 -

Sundry (debit)

ENT JOURNAL

Cash (credit)Purchase Discount

(credit)

Purchase R & A

(credit)


14/69

6,000.00 -

49,500.00 500.00 -

34,500.00 -

2,500.00 2,500.00 -

41,160.00 840.00 -

1,200.00 1,200.00 -

150.00 150.00 -120.00 120.00 -

34,000.00 -

6,000.00 -

845,241.00 3,849.00 1,700.00 289,290.00 -

(110) (540) (530) (^)


15/69

200x

Sept. 2 J&B # 0201 ^ 6,900.00 6,900.00

Mc Cario # 0202 ^ 10,000.00 10,000.00R&S # 0203 ^ 5,000.00 5,000.00

Sept. 4 Various Customers CS Inv. 79,000.00 79,000.00

Sept. 6 Dagupan, Inc. # 0204 ^ 9,600.00 9,600.00

EverGood # 0205 ^ 2,500.00 2,500.00

ODOC # 0206 ^ 5,000.00 5,000.00

Sept. 8 B&S # 0207 31,000.00 31,000.00

Kool # 0208 65,000.00 65,000.00

TONY # 0209 14,000.00 14,000.00

WEAR # 0210 24,000.00 24,000.00


Sept. 13 Abanao Shop # 0211 ^ 86,000.00 86,000.00

B&C # 0212 ^ 74,000.00 74,000.00

ODOC # 0213 ^ 25,000.00 25,000.00

Sept. 18 EverGood # 0214 ^ 44,500.00 44,500.00

K&S # 0215 ^ 39,500.00 39,500.00

Mc Cario # 0216 ^ 18,000.00 18,000.00

Various Customers CS Inv. 109,800.00 109,800.00

Sept. 22 Abanao Shop # 0217 ^ 50,000.00 50,000.00

HC # 0218 ^ 69,000.00 69,000.00

Sept. 24 Dagupan, Inc. # 0219 ^ 19,000.00 19,000.00

Kool # 0220 ^ 60,000.00 60,000.00ODOC # 0221 ^ 4,300.00 4,300.00

Various Customers CS Inv. 74,000.00 74,000.00

Sept. 29 Dagupan, Inc. # 0222 ^ 86,000.00 86,000.00

R&S # 0223 ^ 120,000.00 120,000.00


1,242,600.00 1,242,600.00

(130) (420)

Sales (credit)

SALES JOURNAL

Date Customer Inv. No. PRAccounts Receivable

(debit)


16/69


17/69

checking

-

--

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

--

-

-

-

-

-


18/69


19/69

1

Name: Terms:

Address:

Date Explanation Ref. Debit Credit200x

Sept. 13 S.I. # 0211 SJ 86,000.00

Sept. 14 Paid in full CRJ 86,000.00

Sept. 22 S.I. # 0217 SJ 50,000.00


2

Name: Terms:

Address:

Date Explanation Ref. Debit Credit

200x

31-Aug Beg. Balance SAR 11,600.00

Sept. 13 S.I. # 0212 SJ 74,000.00


3

Name: Terms:

Address:


200x

Sept. 8 S.I. # 0207 SJ 31,000.00

4

Name: Terms:

Address:


200x

Sept. 6 S.I. # 0204 SJ 9,600.00


ABANAO SHOP

42 Abanao, Baguio City

ACCOUNTS RECEIVABLE LEDGERS

B&C

16 Harrison Rd., Baguio City

B&S

1489 Magsaysay St., Baguio City

DAGUPAN INC.

84 Lake Drive, Baguio City


20/69

Sept. 24 S.I. # 0219 SJ 19,000.00


Sept. 29 S.I. # 0222 SJ 86,000.00

5

Name: Terms:

Address:


200x



Sept. 6 S.I. # 0205 SJ 2,500.00


Sept. 18 S.I. # 0214 SJ 44,500.00


6

Name: Terms:

Address:


200x

Sept.22 S.I. # 0218 SJ 69,000.00

Sept.24 Paid in full CRJ 69,000.00

7

Name: Terms:

Address:


200x

Sept. 2 S.I. # 0201 SJ 6,900.00


8

Name: Terms:

Address:

135 Leonard Wood, Baguio City

J&B

K&S

542 Session Rd., Baguio City

HC

EVERGOOD

44 Otek St., Baguio City

3018 Bonifacio St., Baguio City


21/69


200x

Sept. 18 S.I. # 0215 SJ 39,500.00


9 Name: Terms:

Address:


200x

Sept. 8 S.I. # 0208 SJ 65,000.00

Sept. 24 S.I. # 0220 SJ 60,000.00


10 Name: Terms:

Address:


200x


S.I. # 0202 SJ 10,000.00Sept. 7 CM for Sales Returns CRJ 150.00


Sept. 18 S.I. # 0216 SJ 18,000.00


11 Name: Terms:

Address:


200x

Sept. 6 S.I. # 0206 SJ 5,000.00


Sept. 13 S.I. # 0213 SJ 25,000.00

Sept. 14 CM CRJ 25,000.00

Sept. 24 S.I. # 0221 SJ 4,300.00

Sept. 29 CM CRJ 150.00

KOOL

871 Brookside, Baguio City

ODOC

42 Badihoy Rd., Baguio City

99 Rivera St., Baguio City

MC CARIO


22/69

12

Name: Terms:

Address:


200x

Sept. 2 S.I. # 0203 SJ 5,000.00


Sept. 29 S.I. # 0223 SJ 120,000.00

13

Name: Terms:

Address:Date Explanation Ref. Debit Credit

200x



Sept. 8 S.I. 0209 SJ 14,000.00

14

Name: Terms:

Address:


200x



Sept. 8 S.I. # 0210 SJ 24,000.00

57 Ferguson Rd., Baguio City

R&S

02 Harrison Rd., Baguio City

TONY

1 Marcoville, Baguio City

WEAR


23/69

2/10, n/30

Balance

86,000.00

- B&C

50,000.00 B&S

- Dagupan

Kool

Mc Cario

ODOC

R&S

TONY

2/10, n/30 WEAR

Total

Balance

11,600.00

85,600.00

11,600.00

2/10, n/30

Balance

31,000.00

2/10, n/30

Balance

9,600.00

-

WAGWAG ENTERPRISES

Schedule of Accounts Receivab

September 30, 200x


24/69

19,000.00

-

86,000.00

2/10, n/30

Balance

10,000.00

-

2,500.00

-

44,500.00

-

2/10, n/30

Balance

69,000.00

-

2/10, n/30

Balance

6,900.00

-

2/10, n/30


25/69

Balance

39,500.00

-

2/10, n/30

Balance

65,000.00

125,000.00

65,000.00

2/10, n/30

Balance

9,000.00

19,000.00 18,850.00

9,000.00

27,000.00

9,000.00

2/10, n/30

Balance

5,000.00

-

25,000.00

-

4,300.00

4,150.00


26/69

2/10, n/30

Balance

5,000.00

-

120,000.00

2/10, n/30

Balance

8,000.00

-

14,000.00

2/10, n/30

Balance

5,000.00

-

24,000.00


27/69

11,600.00

31,000.00

86,000.00

65,000.00

9,000.00

4,150.00 Checking:

120,000.00 43,600.00

14,000.00 1,242,600.00

24,000.00 (921,450.00)

364,750.00 364,750.00

le


28/69

200x

Sept. 3 EverGood ^ 9,800.00 200.00

TONY ^ 7,840.00 160.00

WEAR ^ 4,900.00 100.00

Sept. 4 Various Customers SJ 79,000.00

Sept. 7 ODOC ^ 4,900.00 100.00

Mc Cario CM ^

Sept. 10 J&B ^ 6,762.00 138.00

Mc Cario ^ 9,653.00 197.00

R&S ^ 4,900.00 100.00


Sept. 14 Abanao Shop ^ 84,280.00 1,720.00

B&C ^ 72,520.00 1,480.00

Dagupan Inc. ^ 9,408.00 192.00

EverGood ^ 2,450.00 50.00ODOC CM ^


Sept. 24 Abanao Shop ^ 49,000.00 1,000.00

HC ^ 67,620.00 1,380.00

Various Customers SJ 74,000.00

Purchase R & A 530 440.00

Sept. 28 EverGood ^ 43,610.00 890.00

K&S ^ 38,710.00 790.00

Mc Cario ^ 17,640.00 360.00

Dagupan Inc. ^ 18,620.00 380.00

Kool ^ 58,800.00 1,200.00

Sept. 29 ODOC ^


Sept. 29 Purchase R & A 530 937.00

887,090.00 10,437.00

(110) (440)

PROR No.ParticularsDate

CASH RECEIPTS JOURNAL

Cash (debit)Sales Discount

(debit)


29/69


30/69

checking

10,000.00 -

8,000.00 -

5,000.00 -

79,000.00 -

5,000.00 -

150.00 150.00 -

6,900.00 -

9,850.00 -

5,000.00 -

68,000.00 -

86,000.00 -

74,000.00 -

9,600.00 -

2,500.00 -25,000.00 25,000.00 -

109,800.00 -

50,000.00 -

69,000.00 -

74,000.00 -

440.00 -

44,500.00 -

39,500.00 -

18,000.00 -

19,000.00 -

60,000.00 -

150.00 150.00 -

43,500.00 -

937.00 -

25,300.00 921,450.00 1,377.00 -

(430) (130) (^)

Sundry (credit)Sales R & A

(debit)

Accounts Receivable

(credit)


31/69


32/69

Date Particulars F Debit Credit

200x

Sept. 16 Juan Wagwag, Drawings 330 4,500.00Merchandise Inventory 150 4,500.00

Sept. 20 Juan Wagwag, Drawings 330 5,000.00

Merchandise Inventory 150 5,000.00

Sept. 29 Juan Wagwag, Drawings 330 8,000.00

Merchandise Inventory 150 8,000.00

Sept. 30 Adjusting Entries:

8) Misc. General Expense 710 100.00

Office Supplies 170 120.00

Store Supplies 160 100.00

Petty Cash Fund 320.00

1) Merchandise Inventory, Sept 30 150 190,000.00

Income Summary 410 190,000.00

2) Store Supplies Used 640 1,600.00

Store Supplies 160 1,600.00

3) Office Supplies Used 690 2,290.00

Office Supplies 170 2,290.00

4) Advertising Supplies Used 630 1,500.00

Advertising Supplies 180 1,500.00

5) Insurance Expense 700 6,200.00

Prepaid Insurance 190 6,200.00

6) Bad Debts Expense 670 18,237.50

Allowance for Bad Debts 140 18,237.50

7) Depreciation Expense 660 6,000.00

Accum. Depn. - Furniture 210 6,000.00

Closing Entries:

1) Sales 420 1,242,600.00

GENERAL JOURNAL


33/69

Purchase R & A 430 3,077.00

Purchase Discount 440 3,849.00

Income Summary 410 1,249,526.00

2) Income Summary 410 1,407,934.50

Merchandise Inventory, beg. 150 388,500.00

Sales Returns and Allowances 430 27,800.00Sales Discount 440 10,437.00

Purchases 510 686,000.00

Freight In 520 1,200.00

Salaries 610 210,000.00

Advertising 620 5,860.00

Advertising Supplies Used 630 1,500.00

Store Supplies Used 640 1,600.00

Rent Expense 650 25,000.00

Depreciation Expense 660 6,000.00

Bad Debts Expense 670 18,237.50

Misc. Selling Expense 680 7,650.00

Office Supplies Used 690 2,290.00

Insurance Expense 700 6,200.00

Misc. General Expense 710 9,660.00

3) Income Summary 410 31,591.50

Juan Wagwag, Capital 320 31,591.50

4) Juan Wagwag, Capital 320 37,500.00

Juan Wagwag, Drawings 330 37,500.00


34/69

Date Explanation F Debit Date

200x

31-Aug GJ 110,650.00 Sept. 30

Sept. 30 152499.00 CRJ 887,090.00

997,740.00

Oct. 1 Opening Entry GJ 152,499.00


200x

31-Aug 1,500.00 Sept. 30

1,180.00

1,500.00

Oct. 1 Opening Entry GJ 1,180.00


200x

31-Aug GJ 43,600.00 Sept. 30

Sept. 30 364,750.00 SJ 1,242,600.00

1,286,200.00

Oct. 1 Opening Entry 364,750.00


200x

Sept. 30 Balance 18,237.50 Sept. 30

CASH

GENERAL LEDGER

PETTY CASH

ACCOUNTS RECEIVA

ALLOWANCE FOR BAD


35/69

Sept. 30


200x

31-Aug 406,000.00 Sept. 16

Sept. 30 AE1 190,000.00 Sept. 20

Sept. 29

Sept. 30

190,000.00

596,000.00



200x

31-Aug 1,400.00 Sept. 30

Sept. 1 CPJ 1,500.00

Sept. 6 CPJ 100.00

Sept. 30 1,500.00 AE8 100.00

3,100.00



200x

31-Aug 950.00 Sept. 30

Sept. 1 CPJ 650.00

Sept. 6 CPJ 720.00

Sept. 10 CPJ 300.00

Sept. 30 450.00 AE8 120.00

2,740.00

Oct. 1 Opening Entry 450.00

MERCHANDISE INVEN

STORE SUPPLIES

OFFICE SUPPLIES


36/69


200x

31-Aug 1,250.00 Sept. 30

Sept. 20 CRJ 1,000.00

Sept. 24 900.00 CRJ 150.00

2,400.00

Oct. 1 Opening Entry 900.00


200x

31-Aug GJ 4,650.00 Sept. 30

Sept. 15 1,550.00 CPJ 3,100.00

7,750.00



200x

31-Aug 60,000.00 60,000.00 Sept. 30



200x

Sept. 30 Balance 36,000.00 31-Aug

Sept. 30

ACCUM. DEPRECIATION - F

ADVERTISING SUPPL

PREPAID INSURAN

FURNITURE


37/69

36,000.00

Oct. 1


200x

Sept. 30 CPJ 561,500.00 31-Aug

Balance 180,800.00 Sept. 30

742,300.00

Oct. 1


200x

Sept. 30 CE4 37,500.00 31-Aug

Balance 537,791.50 Sept. 30

575,291.50

Oct. 1


200x

Sept. 10 CPJ 10,000.00 Sept. 30

Sept. 20 CPJ 10,000.00

Sept. 16 GJ 4,500.00

Sept. 20 GJ 5,000.00

Sept. 29 GJ 8,000.00

37,500.00

ACCOUNTS PAYAB

JUAN WAGWAG, CAP

JUAN WAGWAG, DRA

INCOME SUMMAR


38/69


200x

Sept. 30 CE2 1,407,934.50 Sept. 30

CE3 31,591.50

1,439,526.00


200x

Sept. 30 CE1 1,242,600.00 Sept. 30


200x

Sept. 23 CPJ 2,500.00 Sept. 30

Sept. 30 CRJ 25,300.0027,800.00


200x

Sept. 30 CRJ 10,437.00 Spt. 30

SALES DISCOUNT

SALES RETURNS AND ALLO

SALES


39/69


200x

Sept. 30 PJ 686,000.00 Sept. 30


200x

Sept. 8 CPJ 700.00 Sept. 30

Sept. 10 CPJ 500.00

1,200.00


200x

Sept. 30 CE1 3,077.00 Sept. 27

Sept. 30

Sept. 30

3,077.00


200x

Sept. 30 CE1 3,849.00 Sept. 30

PURCHASE DISCOU

PURCHASES

FREIGHT IN

PURCHASE RETURNS AND AL


40/69


200x

Sept. 4 CPJ 70,000.00 Sept. 30

Sept. 11 CPJ 70,000.00

Sept. 18 CPJ 70,000.00

210,000.00


200x

Sept. 2 CPJ 900.00 Sept. 30

Sept. 6 CPJ 60.00

Sept. 14 CPJ 900.00

Sept. 20 CPJ 4,000.00

5,860.00


200x

Sept. 30 AE4 1,500.00 Sept. 30

STORE SUPPLIES US

SALARIES

ADVERTISING

ADVERTISING SUPPLIES


41/69


200x

Sept. 30 AE2 1,600.00 Sept. 30


200x

Sept. 1 CPJ 25,000.00 Sept. 30


200x

Sept. 30 AE7 6,000.00 Sept. 30


200x

Sept. 30 AE6 18,237.50 Sept. 30

RENT EXPENSE

DEPRECIATION EXPE

BAD DEBTS EXPEN


42/69


200x

Sept. 18 CPJ 7,500.00 Sept. 30

Sept. 20 CPJ 150.00

7,650.00


200x

Sept. 30 AE3 2,290.00 Sept. 30


200x

Sept. 30 AE5 6,200.00 Sept. 30


200x

Sept. 8 CPJ 2,800.00 Sept. 30

Sept. 10 CPJ 940.00

MISCELLANEOUS GENERAL

MISCELLANEOUS SELLING

OFFICE SUPPLIES US

INSURANCE EXPEN


43/69

Sept. 15 CPJ 3,000.00

Sept. 18 CPJ 1,500.00

Sept. 24 CPJ 1,200.00

Sept. 27 CPJ 120.00

Sept. 30 AE8 100.00

9,660.00


44/69

No. 110 Checking:

debit

Explanation F Credit

Cash 997,740.00

CPJ 845,241.00 Totals 14,841,369.00

Balance 152,499.00

997,740.00

No. 120


AE8 320.00

Balance 1,180.00

1,500.00 -

No. 130


CRJ 921,450.00

Balance 364,750.00

1,286,200.00

No. 140


18,237.00 AE6 18,237.50

LE

EBTS


45/69

Opening Entry 18,237.50

No. 150


GJ 4,500.00

GJ 5,000.00

GJ 8,000.00

CE2 388,500.00

Balance 190,000.00

596,000.00

No. 160


AE2 1,600.00

Balance 1,500.00

3,100.00

No. 170


AE3 2,290.00

Balance 450.00

2,740.00

ORY


46/69

No. 180


AE4 1,500.00

Balance 900.00

2,400.00

No. 190


AE5 6,200.00

Balance 1,550.00

7,750.00

No. 200


Balance 60,000.00

No. 210


30,000.00

36,000.00 AE7 6,000.00

RNITURE

IES

E


47/69

36,000.00


No. 310


56,300.00

180,800.00 PJ 686,000.00

742,300.00


No. 320


543,700.00

538,000.00 CE3 31,591.50

575,291.50


No. 330


CE4 37,500.00

37,500.00

No. 410

E

ITAL

ING

Y


48/69


AE1 190,000.00

CE1 1,249,526.00

1,439,526.00

No. 420


SJ 1,242,600.00

No. 430


CE2 27,800.00

27,800.00

No. 440


CE2 10,437.00

WANCES


49/69

No. 510


CE2 686,000.00

No. 520


CE2 1,200.00

1,200.00

No. 530


CRJ 440.00

CRJ 937.00

CPJ 1,700.00

3,077.00

No. 540


CPJ 3,849.00

T

LOWANCES


50/69

No. 610


CE2 210,000.00

210,000.00

No. 620


CE2 5,860.00

5,860.00

No. 630


CE2 1,500.00

No. 640D

USED


51/69


CE2 1,600.00

No. 650


CE2 25,000.00

No. 660


CE2 6,000.00

No. 670


CE2 18,237.50

SE

E


52/69

No. 680


CE2 7,650.00

7,650.00

No. 690


CE2 2,290.00

No. 700


CE2 6,200.00

No. 710


CE2 9,660.00

EXPENSE

EXPENSE

ED

E


53/69

9,660.00


54/69

credit Should be Discrepancy

845,241.00 152,499.00 -

14,841,369.00 -


55/69

Date Expenses Amount

Sept. 2 Advertising 60.00

Sept. 7 Store Supplies 100.00Sept. 8 Replenished (160.00)

Sept. 9 Office Supplies 300.00

Sept. 9 Misc. General Expense 960.00

Sept. 10 Replenished (1,260.00)

Sept. 11 Misc. Selling Expense 150.00

Sept. 20 Replenished (150.00)

Sept. 22 Misc. General Expense 1,200.00

Advertising Supplies 150.00

Sept. 24 Replenished (1,350.00)

Sept. 27 Misc. General Expense 100.00

Office Supplies 120.00

Store Supplies 100.00

Petty Cash Record


56/69

Debit Credit Debit

Cash 152,499.00

Petty Cash 1,500.00

Accounts Receivable 364,750.00

Allowance for Bad debts

Merchandise Inventory, beg. 388,500.00

Merchandise Inventory, end 190,000.00

Store Supplies 3,000.00 100.00

Office Supplies 2,620.00 120.00

Advertising Supplies 2,400.00

Prepaid Insurance 7,750.00

Furniture 60,000.00

Accum. Depn. -Furniture 30,000.00

Accounts Payable 180,800.00

Juan Wagwag, Capital 543,700.00

Juan Wagwag, Drawing 37,500.00

Income Summary

Sales 1,242,600.00

Sales Returns and Allowances 27,800.00

Sales Discount 10,437.00Purchases 686,000.00

Freight In 1,200.00

Purchase Returns & Allowances 3,077.00

Purchase Discount 3,849.00

Salaries 210,000.00

Advertising 5,860.00

Advertising Supplies Used 1,500.00

Store Supplies Used 1,600.00

Rent Expense 25,000.00

Depreciation Expense 6,000.00

Bad Debts Expense 18,237.50

Misc. Selling Expense 7,650.00

Office Supplies Used 2,290.00

Insurance Expense 6,200.00

Misc. General Expense 9,560.00 100.00

2,004,026.00 2,004,026.00 226,147.50

NET INCOME

Trial Balance Adjust


57/69


58/69

Credit Debit Credit Debit Credit Debit

152,499.00 152,499.00

320.00 1,180.00 1,180.00

364,750.00 364,750.00

18,237.50 18,237.50

388,500.00 388,500.00

190,000.00 190,000.00

1,600.00 1,500.00 1,500.00

2,290.00 450.00 450.00

1,500.00 900.00 900.00

6,200.00 1,550.00 1,550.00

60,000.00 60,000.00

6,000.00 36,000.00

180,800.00

543,700.00

37,500.00 37,500.00

190,000.00 190,000.00 190,000.00

1,242,600.00 1,242,600.00

27,800.00 27,800.00

10,437.00 10,437.00686,000.00 686,000.00

1,200.00 1,200.00

3,077.00 3,077.00

3,849.00 3,849.00

210,000.00 210,000.00

5,860.00 5,860.00

1,500.00 1,500.00

1,600.00 1,600.00

25,000.00 25,000.00

6,000.00 6,000.00

18,237.50 18,237.50

7,650.00 7,650.00

2,290.00 2,290.00

6,200.00 6,200.00

9,660.00 9,660.00

226,147.50 2,218,263.50 2,218,263.50 1,407,934.50 1,439,526.00 810,329.00

31,591.50

WAGWAG ENTERPRISES

10-Column Worksheet

For the month ended September 30, 200x

ments Adjusted Trial Balance Income Statement Balance


59/69

1,439,526.00 1,439,526.00 810,329.00


60/69

Credit

18,237.50

36,000.00

180,800.00

543,700.00

778,737.50

31,591.50

Sheet


61/69

810,329.00


62/69

(note 1) 1,204,363.00

(note 2) 878,774.00

325,589.00

(note 3) 251,610.00

(note 4) 42,387.50

31,591.50

Note 1:

1,242,600.00

27,800.00

10,437.00 38,237.00

1,204,363.00

Note 2:

388,500.00

686,000.00

1,200.00 687,200.00

1,075,700.00

3,077.00

3,849.00 6,926.00

1,068,774.00

190,000.00

878,774.00

Note 3:

210,000.00

5,860.00

1,500.00

1,600.0025,000.00

7,650.00

251,610.00

Note 4:

6,000.00

18,237.50

2,290.00

Advertising Supplies Used

Store Supplies UsedRent Expense

Misc. Selling Expense

Total Selling Expenses

Depreciation Expense

Bad Debts Expense

Office Supplies Used

Advertising

Net Sales

Merchandise Inventory, beg.

Add: Purchases

Freight In

Cost of Delivered Goods

Less: Purchase Returns and Allowances

Purchase Discount

Total Goods Available for Sale

Less: Merchandise Inventory, end

Cost of Sales

Salaries

Sales Discount

Net Sales

Cost of Sales

Gross Income

WAGWAG ENTERPRISES

Income Statement

For the Month Ended September 30, 200x

Selling Expenses

Administrative Expenses

Net Income before tax

Sales

Less: Sales Returns and Allowances


63/69

6,200.00

9,660.00

42,387.50

Insurance Expense

Misc. General Expense

Total Administrative Expenses


64/69

543,700.00

31,591.50

575,291.50

37,500.00

537,791.50

Less: Juan Wagwag, Drawing

Juan Wagwag, Capital End

WAGWAG ENTERPRISES

Statement of Changes in Owner's Equity


Juan Wagwag, Capital Beg.

Add: Net Income

Total


65/69


66/69

152,499.00

1,180.00

364,750.00

18,237.50 346,512.50

190,000.00

1,500.00

450.00

900.00

1,550.00

694,591.50

60,000.00

36,000.00 24,000.00

718,591.50

180,800.00

537,791.50

TOTAL LIABILITY AND OWNER'S EQUITY 718,591.50

Petty Cash Fund

Less: Allowance for Bad Debts

Merchandise Inventory

Juan Wagwag, Capital

Office Supplies

Advertising Supplies

Prepaid Insurance

Total

Furniture

Less: Accum. Depn. - Furniture

Non-Current Assets:

LIABILITY AND OWNER'S EQUITY

TOTAL ASSETS

Current Liabity:

Accounts Payable

Store Supplies

Owner's Equity:

WAGWAG ENTERPRISES

Statement of Financial Position

September 30, 200x

Current Assets:

ASSETS

Cash

Accounts Receivable


67/69


68/69

110,650.00

887,090.00

997,740.00

845,241.00

152,499.00

WAGWAG ENTERPRISES

Statement of Cash Flow


Cash, Beginning Balance

Add: Cash Receipts

Total

Less: Cash Payments

Cash, Ending Balance


69/69

Debit Credit

152,499.00

1,180.00

364,750.00

18,237.50

190,000.00

1,500.00

450.00

900.00

1,550.00

60,000.00

36,000.00

180,800.00

537,791.50

772,829.00 772,829.00Total

Accounts

Store Supplies

Office Supplies

Advertising Supplies

Prepaid Insurance

Furniture

Accum. Depn. -Furniture

Allowance for Bad debts

Merchandise Inventory

Cash

Petty Cash

Accounts Receivable

WAGWAG ENTERPRISES

Post Closing Trial Balance

September 30, 200x

Accounts Payable

Juan Wagwag, Capital

wagwag enterprises.xlsx

Documents