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    Mariano Lerin Bookstore JE and Is

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    ZPads

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    © All Rights Reserved
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    Mariano Lerin Bookstore JE and Is

    Uploaded by

    ZPads
    20 views5 pages

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    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    20 views5 pages

    Mariano Lerin Bookstore JE and Is

    Uploaded by

    ZPads

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 5

    Date Particulars dr cr

    March 2020
    2 Purchases ₱ 74,000.00
    Accounts payable ₱ 74,000.00

    3 Accounts receivable 10,000.00


    Sales 10,000.00

    5 Cash 70,000.00
    Sales 70,000.00

    6 Purchases 42,000.00
    Accounts payable 42,000.00 13
    17
    7 Freight in 570.00 27
    Accounts payable 570.00 BE

    8 Rent expense 7,000.00


    Cash 7,000.00 22
    BE
    9 Accounts receivable 38,000.00
    Sales 38,000.00

    10 Purchases 26,500.00 2
    Accounts payable 26,500.00 6
    10
    BE
    11 Delivery expense 291.00
    Accounts receivable 291.00

    12 Accounts payable 74,000.00


    Cash 72,520.00
    Purchase Discount 1,480.00

    13 Cash 9,900.00
    Sales discount 100.00
    Accounts receivable 10,000.00

    14 Accounts payable 21,000.00


    Cash 20,580.00
    Purchase discount 420.00
    7
    15 Accounts payable 3,000.00 BE
    Purchase returns and allowances 3,000.00

    16 Office Supplies 4,780.00


    Accounts payable 4,780.00 9
    BE
    17 Cash 18,810.00
    Sales Discount 190.00
    Accounts receivable 19,000.00
    31
    18 Accounts payable 23,500.00 BE
    Cash 23,040.00
    Purchase discount 460.00
    11
    19 Accounts receivable 7,800.00 BE
    Sales 7,800.00

    20 Accounts payable 1,280.00


    Office supplies 1,280.00 21
    BE
    21 Utilities Expense 4,500.00
    Accounts payable 4,500.00

    22 Sales returns and allowance 1,800.00


    Accounts Receivabe 1,800.00

    25 Accounts payable 3,500.00


    Cash 3,500.00

    26 Accounts payable 861.00


    Cash 861.00

    27 Cash 5,880.00
    Sales discount 120.00
    Accounts receivable 6,000.00

    28 Accounts payable 21,000.00


    Cash 21,000.00

    30 Cash 65,000.00
    Sales 65,000.00

    31 Salaries and wages expense 12,000.00


    Cash 12,000.00
    Mariano Lerin Bookstore
    Income Statement
    Sales For the period ended March 31, 2020
    ₱ 10,000.00 3
    70,000.00 5 Sales
    38,000.00 9 Less: Sales discounts
    7,800.00 19 Sales returns and allowances
    65,000.00 30 Net sales
    ₱ 190,800.00 BE Less: Cost of goods sold
    Merchandise inventory Beginning balance
    Add: Purchases
    Add: Freight-in
    Sales discounts Gross Purchases
    ₱ 100.00 Less: Purchase discounts
    190.00 Purchase returns and allowances
    120.00 Total goods available for sale
    ₱ 410.00 Less: Merchandise inventory Ending balance
    Gross profit
    Sales returns and allowances Less: Operating expenses
    ₱ 1,800.00 Utilities expense
    ₱ 1,800.00 Rent expense
    Salaries and wages expense
    Delivery expense
    Purchases Operating income
    ₱ 74,000.00 Net income
    42,000.00
    26,500.00
    ₱ 142,500.00

    Purchase discount
    ₱ 1,480.00 12
    420.00 14
    460.00 18
    ₱ 2,360.00 BE

    Purchase returns and allowances


    ₱ 3,000.00 15
    ₱ 3,000.00 BE

    Freight-in
    ₱ 570.00
    ₱ 570.00
    Rent expense
    ₱ 7,000.00
    ₱ 7,000.00

    Salaries and wages expense


    ₱ 12,000.00
    ₱ 12,000.00

    Delivery expense
    ₱ 291.00
    ₱ 291.00

    Utilities Expense
    ₱ 4,500.00
    ₱ 4,500.00
    Mariano Lerin Bookstore
    Income Statement
    the period ended March 31, 2020

    ₱ 190,800.00
    ₱ 410.00
    1,800.00 2,210.00
    188,590.00

    23,000.00
    ₱ 142,500.00
    570.00
    143,070.00
    ₱ 2,360.00
    3,000.00 5,360.00 137,710.00
    160,710.00
    28,000.00 132,710.00
    55,880.00

    4,500.00
    7,000.00
    12,000.00
    291.00 23,791.00
    32,089.00
    ₱ 32,089.00

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