Month Date Particulars Ref Debit

January 2 Accounts Receivable 240,000

Sales

3 Purchases 90,000
Accounts Payable

4 Cash 205,800
Sales Discount 4,200
Accounts Receivable

5 Cash 430,000
Sales

7 Accounts Payable 130,000

Cash
Purchase Discount

8 Accounts Receivable 310,000

Sales

15 Salaries Expense 80,000

Cash

17 Purchases 190,000
Accounts Payable

18 Accounts Receivable 460,000

Sales

19 Withdrawal, Pangan 100,000

Cash

21 Office Supplies 40,000

Cash

22 Cash 127,400
Sales Discount 2,600
Accounts Receivable

9 Accounts Payable 10,000

Purchases Return & Allowances

10 Cash 235,000
 Sales Discount 48,000
Accounts Receivable

11 Purchases 120,000
Accounts Payable

11 Accounts Payable 80,000

Cash
Purchase Discount

12 Purchases 70,000
Cash

13 Accounts Receivable 130,000

Sales

14 Interest Expense 10,000

Cash

22 Freight In 20,000
Cash

23 Accouts Receivable 110,000

Sales

24 Accounts Receivable 30,000

Sales Return & allowances

25 Purchases 340,000
Accounts Payable

25 Cash 280,000
Accounts Receivable

26 Accounts Payable 90,000

Cash

27 Cash 170,000
Notes Payable

28 Purchases 270,000
Accounts Payable

29 Accounts Receivable 170,000

Sales
30 Purchases 360,000
Accounts Payable

30 Cash 1,310,000
Sales
Credit

240,000

90,000

210,000

430,000

126,100
3,900

310,000

80,000

190,000

460,000

100,000

40,000

130,000

10,000
240,000

120,000

77,600
2,400

70,000

130,000

10,000

20,000

110,000

30,000

340,000

280,000

90,000

170,000

270,000

170,000
 360,000

1,310,000
Date Suppliers Charge Invoice No. Terms
Accounts Payable Purchases VAT Input Tax
 Accounts
Charge Receivable
Date Customers Invoice No. Terms Dr.
 VAT Output
Sales Cr. Tax Cr.
 O.R /
Sales Accounts
Invoice Cash In Receivabl Installatio
Date Customers No. Bank e Sales n Income
Dr. Cr. Cr. Cr.
 VAT
Output
Tax Pangan Company
Cr. Accounts Amount
Titles Dr. Cr.
 Check VAT
Explanati Check Voucher Cash In Accounts Purchase Output
Date Payee on No. No. Bank Payable s Tax
Cr. Dr. Dr. Dr.
Purchase
s
Discount Pangan Company
Amount
Accounts Dr. Cr.
 Account Title and Discription Trial Balance
Date Dr
2018 Cash 2,384,700
Accounts Receivable 740,000
Merchandise Inventory Beg. 730,000
Merchandise Inventory End
Prepaid Rent 90,000
Office Supplies 200,000
Office equipment 1,000,000
Accumulated Depreciation
Notes Payable
Accounts Payable
Salaries Payable
Pangan, Capital
Pangan, Withdrawal 100,000
Sales
Sales Returns and Allowances 30,000
Sales Discount 11,600
Purchases 1,440,000
Purchase Returns and Allowances
Purchase Discount
Transportation In 20,000
Salaries Expense 80,000
Rent Expense
Office Supplies Expense
Depreciation Expense
Interest Expense 10,000
6,836,300
 Ricardo Pangan Company
Worksheet
For the month of January 2018
Trial Balance Adjusting Entries Adjusted Trial Balance Income Statement Balance Sheet
Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr.
2,384,700 2,384,700
740,000 740,000
730,000 730,000
470,000 470,000
30,000 60,000 60,000
70,000 270,000 270,000
1,000,000 1,000,000
250,000 10,000 260,000
570,000 570,000
1,190,000 1,190,000
90,000 90,000
1,650,000 1,650,000
100,000 100,000
3,160,000 3,160,000 3,160,000
30,000 30,000
11,600 11,600
1,440,000 1,440,000
10,000 10,000 10,000
6,300 6,300 6,300
20,000 20,000
90,000 170,000 170,000
30,000 30,000 30,000
70,000 70,000 70,000
10,000 10,000 10,000
10,000 10,000
6,836,300 200,000 200,000 7,006,300 7,006,300 2,451,600 3,716,300 5,024,700
1,264,700
3,716,300
Balance Sheet
Cr.

260,000
570,000
1,190,000
90,000
1,650,000

3,760,000
1,264,700
5,024,700
 Ricardo Pangan Company
Statement of Comprehensive Income
For the month ended January 2018

Sales 3160000
Sales return & Allownaces 30000
Sales Discount 11600
Net Sales

Cost of Good Sold:

Pangan Beginning Inventory
Add: Net Purchases
Purchases
Add: Transportation In
Total
Less: Purchase Discount
Purchases Return & Allowances
Total Goods Available for Sale
Less:Pangan Ending Inventory
Gross Profit
Salaries Expense
Rent Expense
Office Supplies Expense
Depreciation Expense
Interest Expense
Net Income