CLEENETH COMPANY

CHART OF ACCOUNTS

ASSETS
Cash
Accounts Receivable
Allowance for doubtful Accounts
MDSE Inventory Beg.
Prepaid Advertising
Supplies
Vat Input
Office Equipment
Accumulated Depreciation- Office Equipment
Furnitures and Fixtures
Accumulated Depreciation-Furnitures
Rent deposit

LIABILITIES

Notes payable
Accounts Payable
Witholding tax payable
sss/phic/hdmf payable
Rent payable
Vat Output
EQUITY
Cleeneth, Capital
cleeneth, Drawing
REVENUES
Sales
Sales Discount
Sales Returns and Allowances

EXPENSES
Purchases
Purchase discount
Purchase Returns and Allowance
Freight In
Freight out
Salaries Expense
Rent Expense
Supplies Expense
Advertising Expense
Depreciation Expense
doubtful Accts Expense
SSS/PHIC/HDMF contribution
Interest Expense
- -
-
CLEENETH COMPANY
WORKSHEET
trial balance
Account Title Dr Cr. ref

Cash
214,000
Accounts Receivable
338,000
MDSE Inventory Beg.
426,000
office Supplies
31,000
Equipment
800,000
Accumulated Depreciation- Equipment
200,000
BUILDING
900,000
Accumulated Depreciation-building
250,000
land
370,000
prepaid insurance
48,000
Accounts Payable
172,000
mortgage payable
1,200,000
Cleeneth, Capital
1,305,000
cleeneth, Drawing

Sales

Sales Discount

Sales Returns and Allowances

Purchases

Purchase discount

Purchase Returns and Allowance

Freight In

Freight out

Salaries Expense
Supplies Expense

Advertising Expense

Depreciation Expense

Interest Expense

representation expense

accrued salaries

total 3,127,000 3,127,000

 adjustments adjusted trial balance
Dr Cr. Dr Cr.

534,450 748,450

49,000 387,000

426,000 426,000

24,000 7,000

800,000 800,000

4,500 204,500

900,000 900,000

3,000 253,000

370,000 370,000

2,000 46,000

105,000 277,000

1,200,00 1,200,00

1,127,000 1,127,000

20,000 20,000

782,000 782,000

20,850 20,850

43,000 43,000

212,000 212,000

2,300 2,300

12,000 12,000

2,000 2,000

73,000 73,000
24,000 24,000

7,500 7,500

8,000 8,000

9,000 9,000

73,000 73,000
 income statement statement of financial position
Dr Cr. Dr Cr.

748,450

387,000

426,000

7,000

800,000

204,500

900,000

253,000

370,000

46,000

277,000

1,200,00

1,127,000

20,000

782,000

20,850

43,000

212,000

2,300

12,000

2,000

73,000
24,000

7,500

8,000

9,000

73,000
8th exam competency assessment CLEENETH COMPANY
SALES JOURNAL
date customers inv. No terms

DEC.03 EDDIE SUPPLIES FOB

DEC.12 HERALD SHOPPER FOB, SHIPPING POINT, 3/10,N/30

DEC.19 IVIE SHOP FOB SHIPPING POINT, 3/10,N/30

ETH COMPANY
debit debit credit
cash a/r SALES
210,000 210,000

330,000 330,000

237,000 237,000
8th exam competency assessment
CLEENETH COMPANY
PURCHASE JOURNAL
date suppliers rr # terms debits credit sundries
purchases input tax accts. Payable accounts tittle
DEC.07 CHARMAINE PRODUCTS FOB, SHIPPING POINT,2/10 227,360.00 4,640 232,000
 sundries
f debit credit
 CLEENETH COMPANY
CASH RECEIPTS JOURNAL DEBITS
date particulars or # cash sales discount vat output

DEC.03 COLLECTED 174,600 5,400 648

DEC. 11 EDDIE, SUPPLIES 206,610 6,390 766.8

DEC.18 HERALD SHOPPER 320,100 9,900 1,188

DEC.29 IVIE SHOP 18,000

H COMPANY
CREDIT sundries
a/r f debit credit

180,000 EDDIE SUPPLIES 25,000 25,000

213,000 charmaine product (return good) 12,000 12,000

330,000

18,000
8th exam competency assessment
GENERAL JOURNAL BOTIKA DELTA
DATE JV NO. PARTICULARS F DEBIT CREDIT
Dec-03 ACCOUNTS PAYABLE 115,000

CASH 112,700

PURCHASES (DISCOUNT) 2,300

Dec-03 CASH 174,600

SALES (DISCOUNT) 5,400

ACCOUNTS RECEIVABLE 180,000

Dec-04 ACCOUNTS RECEIVABLE 207,000

TRANSPORTATION EXP. 3,000

SALES 210,000

Dec-05 SALES (RETURN) 25,000

ACCOUNTS RECEIVABLE 25,000

Dec-07 PURCHASES 232,000

FREIGHT- IN 2,000
CASH 2,000
ACCOUNTS PAYABLE 232,000

Dec-09 ACCOUNTS PAYABLE 12,000

PURCHASES (RETURN) 12,000

Dec-10 INTEREST EXPENSE 8,000

CASH 8,000

Dec-11 CASH 176,450

SALES (DISCOUNT) 5,550

ACCOUNTS RECEIVABLE 182,000

Dec-12 ACCOUNTS RECEIVABLE 330,000

SALES 330,000

Dec-18 CASH 320,100

SALES (DISCOUNT) 9,900

ACCOUNTS RECEIVABLE 330,000

Dec-19 ACCOUNTS RECEIVABLE 247,000

CASH 5,000
8th exam competency assessment
GENERAL JOURNAL BOTIKA DELTA
DATE JV NO. PARTICULARS F DEBIT CREDIT

SALES 242,000

Dec-20 REPRESENTATION EXP. 9,000

CASH 9,000

Dec-29 SALES (RETURN) 18,000

ACCOUNTS RECEIVABLE 18,000

Dec-30 DRAWING 20,000

PURCHASE 20,000
8th exam competency assessment
GENERAL JOURNAL BOTIKA DELTA
DATE JV NO. PARTICULARS F DEBIT CREDIT
Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit

Date Ref Debit Date Ref Credit
8th exam competency assessment CLEENETH COMPANY
CASH DISBURSEMENTS JOURNAL
date payee cv no. ck no. credit
cash purch. Disc.

dec.01 settled account 101,200 13,800

dec.10 mortgage payable 8,000
dec.20 representation expese 9,000
CLEENETH COMPANY

debit sundries
a/p freight in freight out representati account title f
on exp.
115,000
8,000

9,000
sundries
debit credit