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General Journal and Cash Disbursement of V. Ayuban Company, Cheat Sheet of Financial Accounting

The document provided is a detailed general journal and cash disbursement record for the v. Ayuban company, a business entity. The general journal entries cover various transactions such as initial investments, purchases of office equipment and store supplies, recording of doubtful accounts expense and depreciation, as well as the closing of income and expense accounts. The cash disbursement section outlines the various payments made by the company, including for business permits, merchandise purchases, freight, rental, utilities, salaries, and advertising. The document also includes a trial balance, working paper, income statement, and balance sheet for the company, providing a comprehensive financial overview for the month of march. This information could be useful for students studying accounting, finance, or business management to understand the recording and reporting of financial transactions in a real-world business setting.

Typology: Cheat Sheet

2021/2022

Uploaded on 06/05/2023

kimberly-procurato
kimberly-procurato 🇵🇭

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GENERAL JOURNAL
DATE PARTICULARS F
20A
March 1 Cash in Bank GL01
Furnitures & Fixtures GL-06A
V. Ayuban , Capital GL-12
To record initial investments
4 Office Equipment GL-06
Notes Payable GL-11A
Purchase of Office Equipment on account from
J. Constantino with PN
5 Store Supplies Inventory GL-05
Accounts Payable GL-09
Purchase of Store Supplies from J. Constantino
on account
March 31 Doubtful Accounts Expense
Allowance for Doubtful Accounts
To record provision for doubtful accounts
31 Depreciation Expense
Accumulated Depreciation- Office Equipment
Accumulated Depreciation- Furnitures & Fixtures
To record depreciation expense for the month.
31 Interest Expense
Accrued Interest Payable
To record interest accrued on notes payable
31 Store Supplies Used
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GENERAL JOURNAL

DATE PARTICULARS F

20A

March 1 Cash in Bank GL Furnitures & Fixtures GL-06A V. Ayuban , Capital GL- To record initial investments 4 Office Equipment GL- Notes Payable GL-11A Purchase of Office Equipment on account from J. Constantino with PN 5 Store Supplies Inventory GL- Accounts Payable GL- Purchase of Store Supplies from J. Constantino on account March 31 Doubtful Accounts Expense Allowance for Doubtful Accounts To record provision for doubtful accounts 31 Depreciation Expense Accumulated Depreciation- Office Equipment Accumulated Depreciation- Furnitures & Fixtures To record depreciation expense for the month. 31 Interest Expense Accrued Interest Payable To record interest accrued on notes payable 31 Store Supplies Used

Store Supplies Inventory To record store supplies used during the month. VAT Output Tax Prepaid Input VAT VAT Input Tax To close VAT Output tax and VAT Input Tax 31 Sales Sales Discount Income & Expense Summary To close sales and its related accounts 31 Merchandise Inventory,End Income & Expense Summary Purchase Discount Merchandise Inventory, beg. Purchases Freight -In To close cost of sales and establish the Merchandise Inventory,end 31 Income and Expense Summary Taxes and Licenses Freight Out Rental Expense Utilities Expense Salaries Expense Advertising Doubtful Expense Depreciation Expense Store Supplies Used Interest Expense To close expense accounts to Income and Expense Summary 31 V. Ayuban, Capital Income and Expense Summary To close income and expense summary to capital account. 31 V. Ayuban , Capital V. Ayuban , Drawing To close drawings to capital account

DEBIT CREDIT

SALES JOURNAL Page 1

ACCOUNTS VAT

DATE INVOICE TERM RECEIVABLE SALES OUTPUT TAX

DR. CR. CR.

March 15 P. Pedrono Co. 3/10.n/30 16,800.00 15,000.00 1,800. 30 P.Peras Co. 33,600.00 30,000.00 3,600. 50,400.00 45,000.00 5,400. GL-02 GL-15 GL-

CASH RECEIPTS JOURNAL

DATE PAYOR INVOICE # CASH IN ACCOUNTS SALES SALES

BANK RECEIVABLE DISCOUNT

DR. CR CR. DR.

March 10 11,200.00 10,000. 19 22,400.00 20,000. 24 P.Pedrono Co. 16,235.52 16,800.00 504. 28 8,960.00 8,000. 58,795.52 16,800.00 38,000.00 504. GL-01 GL-02 GL-15 GL-

PURCHASE JOURNAL

Page 1 DATE SUPPLIERS INVOICE # TERM ACCOUNTS PURCHASES PAYABLE CR. DR. March 11 R. Ybanez Trading 2/10,n/30 28,000.00 25,000. 26 C. Poyot Co. 16,800.00 15,000. 27 S. Jabalon Co. 2/10,n/30 22,400.00 20,000. 67,200.00 60,000. GL-09 GL-

VAT

INPUT TAX

DR.

GL-

CHECK# CHECK CASH IN ACCOUNTS

VOUCHER BANK PAYABLE

 - Page 
  • 300,000.
  • 150,000. - 450,000.
  • 250,000. - 250,000.
    • 15,000. - 15,000.
      • 1,596. - 1,596.
      • 3,150. - 2,050. - 1,100.
      • 4,500. - 4,500.
          1.  - 945. 
      • 9,899.
    • 13,433. - 23,332.
    • 83,000. - 504. - 82,496.
  • 153,400.
  • 142,840. - 560. - 100,000. - 195,000. - 1,800.
    • 50,591. - 2,400. - 1,500. - 10,000. - 4,000. - 20,000. - 2,500. - 1,596. - 3,150. - 945. - 4,500.
  • 110,935. - 110,935.
  • 0001 CV#0001 2,400. No. CR. DR. - 84,000. - 67,200. - 1,000. - 1,500. - 27,372.80 28,000. - 10,000. - 800. - 4,000. - 2,500. - 20,000. - 220,772.80 28,000.
    • GL-01 GL-