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    Merchandising Practice Sets

    Uploaded by

    au4seventeen
    accounting

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    Merchandising Practice Sets

    Uploaded by

    au4seventeen
    9 views6 pages
    accounting

    Original Title

    MERCHANDISING PRACTICE SETS

    Copyright

    © © All Rights Reserved

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    XLSX, PDF, TXT or read online from Scribd

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    accounting

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    9 views6 pages

    Merchandising Practice Sets

    Uploaded by

    au4seventeen
    accounting

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 6

    Toribio Cayanan Tires

    DATE PARTICULARS PR DEBIT


    June
    2 Purchases 600,000.00
    Accounts Payable

    4 Freight In 8,000.00
    Cash

    5 Purchases 360,000.00
    Accounts Payable

    6 Freight In 5,000.00
    Cash

    7 Accounts Payable 90,000.00


    Purchase Returns and Allowances

    11 Accounts Payable 510,000.00


    Purchase Discount
    Cash

    13 Accounts Receivable 630,000.00


    Sales

    22 Cash 623,700.00
    Sales Discount 6,300.00
    Accounts Receivable

    30 Accounts Payable 360,000.00


    Cash
    CREDIT

    600,000.00

    8,000.00

    360,000.00

    5,000.00

    90,000.00

    5,100.00
    504,900.00

    630,000.00

    630,000.00

    360,000.00
    Christine Sousa Bags

    Unadjusted Trial Balance Adjustments


    Debit Credit Debit
    Cash 72,000.00
    Accounts Receivable 136,000.00
    Merchandise Inventory 598,000.00 723,000.00
    Office Supplies 42,000.00
    Prepaid Advertising 75,000.00
    Land 400,000.00
    Office Building 1,600,000.00
    Office Equipment 570,000.00
    Accu. Depreciation-Off. Bldg. 100,000.00
    Accu. Depreciation-Off. Equipt 150,000.00
    Accounts Payable 74,000.00
    Notes Payable due in 2 yrs. 200,000.00
    Mortgage Payable 1,100,000.00
    Sousa, Capital 1,510,000.00
    Sousa, Withdrawals 200,000.00
    Sales 4,600,000.00
    Sales Discounts 161,000.00
    Sales Returns and Allowances 187,000.00
    Purchases 2,643,000.00
    Transportation In 72,000.00
    Purchase Discounts 172,000.00
    Purchase Returns and Allowances 133,000.00
    Salaries Expense 862,000.00 21,000.00
    Travel Expense 188,000.00
    Interest Expense 208,000.00
    Insurance Expense 25,000.00
    Office Supplies Expense 17,000.00
    Advertising Expense 25,000.00
    Salaries Payable
    Depreciation Expense-Off. Bldg. 15,000.00
    Depreciation Expense-Off. Equipt 20,000.00
    Income Summary 598,000.00
    8,039,000.00 8,093,000.00 1,419,000.00
    Adjustments Adjusted Trial Balance Income Statement Balance Sheet
    Credit Debit Credit Debit Credit Debit
    72,000.00 72,000.00
    136,000.00 136,000.00
    598,000.00 723,000.00 723,000.00
    17,000.00 25,000.00 25,000.00
    25,000.00 50,000.00 50,000.00
    400,000.00 400,000.00
    1,600,000.00 1,600,000.00
    570,000.00 570,000.00
    15,000.00 115,000.00
    20,000.00 170,000.00
    74,000.00
    200,000.00
    1,100,000.00
    1,510,000.00
    200,000.00 200,000.00
    4,600,000.00 4,600,000.00
    161,000.00 161,000.00
    187,000.00 187,000.00
    2,643,000.00 2,643,000.00
    72,000.00 72,000.00
    172,000.00 172,000.00
    133,000.00 133,000.00
    883,000.00 883,000.00
    188,000.00 188,000.00
    208,000.00 208,000.00
    25,000.00 25,000.00
    17,000.00 17,000.00
    25,000.00 25,000.00
    21,000.00 21,000.00
    15,000.00 15,000.00
    20,000.00 20,000.00
    723,000.00 598,000.00 723,000.00 598,000.00 723,000.00
    1,419,000.00 8,818,000.00 8,818,000.00 5,042,000.00 5,628,000.00 3,776,000.00
    586,000.00
    5,628,000.00 5,628,000.00 3,776,000.00
    Balance Sheet
    Credit

    115,000.00
    170,000.00
    74,000.00
    200,000.00
    1,100,000.00
    1,510,000.00

    21,000.00

    3,190,000.00
    586,000.00
    3,776,000.00

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