Ashlee L.
Baguio FABM - Let It Stay 12- Malachi
Ang Tindahan Co. is a wholesaler of office and school supplies. The following are the
transactions of Ang Tindahan Co. for the first month of its operations. All cash disbursements are made by bank
perpetual inventory method is used.
Business/ Bank
Date Transactions Amount Forms to be filled up
7/1/2022
Rachel Dy made initial
contribution to the business
P200,000 Deposit Slip
by depositing money in the
company's bank account.
Purchased laptop from
Check
Computershop Inc. for
45,000 Check Voucher
office use. Payment term:
Purchase Order
COD (Cash on Delivery)
7/1/2022
Paid advance rental for Check
30,000
6 months Check Voucher
7/2/2022
Received 200 reams of
bond papers (inventory) Purchase Invoice
25,000
ordered from Jude Corp. Receiving Report
Payment terms: 2/10, n/30.
7/4/2022
Delivered 150 reams of
bond papers to Aurora
Company.
Delivery Receipt
Payment terms: 2/10, n/20. 41, 250
Sales Invoice
Cost of merchandise was
P18,750.
7/7/2022
Check
Paid the July 4 purchases 24,500 Check Voucher
7/8/2022
Check
Paid salary of employee 7,000 Check Voucher
7/15/2022
Received payment from
40,425 Offical Receipt
the July 7 sales
7/16/2022
Sold 20 reams of bond papers
to Audrey Company. Audrey
picked up the merchandise
from the store. 5,500 Sales Invoice
Payment term: 15 days.
Cost of merchandise was
P2,500.
7/18/2022
Check
Received 10 boxes of ballpoint
Check Voucher
pens from Mickey Inc. 25,000
Receiving Report
Payment terms: COD
7/19/2022
Over the counter sale of 4
boxes of ballpoint pens to
22,000 Offical Receipt
Happy Company: Cost of
merchandise was P 10,000
7/22/2022
Received 10 calculators from
Receiving Report
Plusminus Corporation. 3,000
Purchase Invoice
Payment terms: 30 days.
7/23/2022
Sold 6 calculators to Joel
Company. Joel picked up the
merchandise from the store
Payment Term: 15 days.
Cost of merchandise was 3,960 Sales Invoice
P 1,800
7/24/2022
Check
Paid electricity bill 7,400 Check Voucher
7/25/2022
Received 2 defective
Check
calculators from Joel 1,320 Check Voucher
Company. Cost of defective
calculators is P 600.
7/26/2022
Over the counter cash
withdrawal by the owner, 10,000 Withdrawal Slip
Rachel Dy, for her personal
7/31/2022 expenses.
merchandise was P2,500.
ay 12- Malachi
ool supplies. The following are the
ll cash disbursements are made by bank check. Assume
d is used.
Journal Journal Entry
Dr. Cash 200,00
Cash Receipts
Cr. Dy, Capital 200,000
Dr. Equipment 45,000
Cash Disbursement
Cr. Cash 45,000
Dr. Prepaid
Cash Disbursement Rent Expense 30,000
Cr. Cash 30,000
Dr. Inventory 25,000
Purchase Cr. Accounts
payable 25,000
Dr. Accounts
Receivable 41,250
Cr. Sales 41,250
Sales
Dr. Cost of Sales 18,750
Cr. Inventory 18,750
Dr. Accounts Payable
25,000
Cash Disbursement
Cr. Purchase Discount 500
Cr. Cash 24,500
Dr. Salaries Expense 7000
Cash Disbursement
Cr. Cash 7000
Dr. Cash 40,425
Dr. Sales Discount 825
Cash Receipts
Cr. Accounts Receivable
41,425
Dr. Accounts Recceivable
5,500
Cr. Sales 5,500
Sales
Dr. Cost of Sales 2,500
Cr. Inventory 2,500
Dr. Inventory 25,000
Cash Disbursement
Cr. Cash 25,000
Dr. Cash 22,000
Cr. Sales 22,000
Cash Receipts
Dr. Cost of Sales 10,000
Cr. Inventory 10,000
Dr. Inventory 3,000
Purchase
Cr. Accounts Payable 3,000
Dr. Accounts Receivable
3,960
Cr. Sales 3,960
Sales
Dr. Cost of Soles 1,800
Cr. Inventory 1,800
Dr. Utilities Expense 7,400
Cash Disbursement
Cr. Cash 7,400
Dr. Sales Return 1,320
Cr. Cash 1,320
Sales
Dr. Inventory 600
Cr. Cost of Sales 600
Dr. Dy, Drawing 10,000
Cash Disbursement
Cr. Cash 10,000
AngTindahan Company
Office Address:
Vat Registered Tin Number 547-987-234-000
OFFICIAL RECEIPT
Date:
Received from: _______________________with TIN______________________and
address at__________________________________engaged in the business style of
pesos (P______________) in partial/full payment for__________________________
By:________________________________
Cashier/ Authorized Representative
THIS DELIVERY RECEIPT SHALL BE VALID FOR FIVE YEARS FROM DATE OF ATP
AngTindahan Company
Office Address:
Vat Registered Tin Number 547-987-234-000
DELIVERY RECEIPT
