Teresita Buenaflor Shoes

Teresita Buenafor Shoes Journal Feb.

Account Title 1 Cash

Debit

Credit

113,000

Accounts Receivable

1 1 3 ,0 0 0

Collectons from cusomers on accoun   Accounts Receivable

! " ,0 0 0

#urchases Discounts

1 ,$  0

Cash

!  ,0 % 0

Paid accouns due less discouns of 3% " #urchases

1&0,000

Accounts #a'able

1 & 0 ,0 0 0

Purchased merchandise on accoun, FOB shipping poin; 3/10, n/30 ( Accounts Accounts Receivable Receivable Sales old merchandise on accoun o !on"ales #nc$, FOB shippining poin; /10, n/30 & Adver)sin* +-ense

! ,0 0 0

Cash

! ,0 0 0

Paid for ad&ertsing for he monh of Fe'ruar(  & Cash

(0,000

Sales

 ( 0 ,0 0 0

old merchandise for cash % Accounts #a'able

1&0,000

#urchases Discounts

( ,1 0 0

Cash

1 ! " ,$ 0 0

Paid he amoun due from Fe'$ ) ransacton $ Trans-orta)on n

" ,0 0 0

Cash

" ,0 0 0

Paid #loilo Freigh for deli&ering merchandise las Fe'$ ) 10 Sales Return and Allo/ances

& 0 ,0 0 0

Accounts Receivable

& 0 ,0 0 0

*ecei&ed reurns from he !on"ales #nc$ 1 Sales Discounts Cash Accounts Receivable

" ,0 0 0 1$!,000  0 0 ,0 0 0

*ecei&ed pa(men from he !on"ales #nc$ less reurns and discouns 1" nterest +-ense

 ! ,0 0 0

Cash

 ! ,0 0 0

Pa(men of ineres on he morgage pa(a'le 1( Salaries +-ense

( 1 ,0 0 0

Cash

( 1 ,0 0 0

Paid salaries 1! Accounts Receivable

3$,000

Sales old merchandise on accoun o *on"ales Corp$, FOB destnaton; /10, n/30

3 $  ,0 0 0

1% Trans-orta)on ut

" ,0 0 0

Cash

" ,0 0 0

Paid freigh charges on he sale of Fe'$ 1+ 1$ Su--lies

 1 ,0 0 0

Cash

 1 ,0 0 0

 c-uired supplies for cash cash 0 #urchases

1(,000

Accounts #a'able

1  ( ,0 0 0

Purchased merchandise from .o"ada #mpors on accoun, FOB destnaton; 3/10, n/30  iscellaneous +-ense

& ,0 0 0

Cash

& ,0 0 0

Paid miscellaneous epense 3 Sales Discounts Cash

& ,% " 0 3%",1!0

Accounts Receivable

3 $  ,0 0 0

*ecei&ed pa(men from he *on"ales Corp$, less % discoun  " #urchases

3&3,000

Accounts #a'able

3 & 3 ,0 0 0

Purchased merchandise on accoun from gustn nerprises, FOB shipping poin; 3/10, n/30 " Trans-orta)on n

$ ,0 0 0

Cash

$ ,0 0 0

Paid .a Pa" press for deli&ering merchandise ac-uired from gustn ( Accounts Receivable

"0,000

Sales

"  0 ,0 0 0

old merchandise o *on"ales Corp$ on accoun, FOB shipping poin; /10, n/30 ! Sales Return and Allo/ances

& 1 ,0 0 0

Accounts Receivable

& 1 ,0 0 0

*ecei&ed reurns from he *on"ales Corp$ % Buenafor, 2ithdra/als

"00,000

Cash

" 0 0 ,0 0 0

Buenaor 2ihdre2 cash from he 'usiness % Accounts #a'able #urchases Returns and Allo/ances *eurned merchandise purchased from gustn on Fe'$ )

 ( ,0 0 0  ( ,0 0 0

Teresita Buenafor Shoes ed*er

Acct. No. Account Title/Descripon 110 Cash 0401 Be*innin* balance 0401 Collec)on 5ro6 custo6ers on account 040 #aid accounts due less discounts o5 37 040& #aid 5or adver)sin* 5or the 6onth o5 Februar' 040& Sold 6erchandise 5or cash 040% #aid the a6ount due 5ro6 the Feb. " transac)on 040$ #aid loilo Frei*ht 5or deliverin* 6erchandise last Feb. " 041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts 041" #a'6ent o5 interest on the 6ort*a*e -a'able 041( #aid salaries 041% #aid 5rei*ht char*es on the sale o5 Feb. 1! 041$ Ac:uired su--lies 5or cash 04 #aid 6iscellaneous e-ense 043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount 04" #aid a #a9 +-ress 5or deliverin* 6erchandise ac:uired 5ro6 A*us)n 04% Buenafor /ithdre/ cash 5ro6 the business

120 Accounts Receivable 0401 Be*innin* balance 0401 Collec)on 5ro6 custo6ers on account 040( Sold 6erchandise on account to 8on9ales nc., FB shi--in* -oint; <10, n<30 0410 Received returns 5ro6 the 8on9ales nc. 041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts 041! Sold 6erchandise on account to Ron9ales Cor-., FB des)na)on; <10, n<30 043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount 04( Sold 6erchandise to Ron9ales Cor-. on account, FB shi--in* -oint; <10, n<30 04! Received returns 5ro6 the Ron9ales Cor-.

130 Merchandise nventor! 0401 Be*innin* balance

1"0 #upplies 0401 Be*innin* balance 041$ Ac:uired su--lies 5or cash

1$0 %repaid nsurance 0401 Be*innin* balance

1&0 'and 0401 Be*innin* balance

1(0 )uildin* 0401 Be*innin* balance

1($ Accu+ulated Depreciaon , )uildin* 0401 Be*innin* balance

1-0 uip+ent 0401 Be*innin* balance

1-$ Accu+ulated Depreciaon , uip+ent 0401 Be*innin* balance

210 Accounts %a!able 0401 Be*innin* balance 040 #aid accounts due less discount o5 37 040" #urchased 6erchandise, FB shi--in* -oint; 3<10, n<30 040% #aid the a6ount due 5ro6 Feb. " transac)on 040 #urchased 6erchandise 5ro6 o9ada 6-orts on account, FB des)na)on; 3<10, n<30 04" #urchased 6erchandise on account 5ro6 A*us)n +nter-rises, FB shi--in* -oint; 3<10, n<30 04% Returned 6erchandise -urchased 5ro6 A*us)n on Feb. "

220 #alaries %a!able

230 Mort*a*e %a!able 0401 Be*innin* balance

310 )uenaor Capital 0401 Be*innin* balance

320 )uenalor ithdra4als 04% Buenafor /ithdre/ cash 5ro6 the business

330 nco+e #u++ar!

"10 #ales

040( Sold 6erchandise on account to 8on9ales nc., FB shi--in* -oint; <10, n<30 040& Sold 6erchandise 5or cash 041! Sold 6erchandise on account to Ron9ales Cor-., FB des)na)on; <10, n<30 04( Sold 6erchandise to Ron9ales Cor-. on account, FB shi--in* -oint; <10, n<30

"20 #ales Returns and Allo4ances 0410 8on9ales nc. returned 6erchandise 04! Received returns 5ro6 the Ron9ales Cor-.

"30 #ales Discounts 041 Received -a'6ent 5ro6 the 8on9ales nc. less returns and discounts 043 Received -a'6ent 5ro6 the Ron9ales Cor-., less 7 discount

$10 %urchases 040" #urchased 6erchandise on account, FB shi--in* -oint; 3<10, n<30 040 #urchased 6erchandise 5ro6 o9ada 6-orts on account, FB des)na)on; 3<10, n<30 04" #urchased 6erchandise on account 5ro6 A*us)n +nter-rises, FB shi--in* -oint; 3<10, n<30

$20 %urchases Returns and Allo4ances 04% Returned 6erchandise -urchased 5ro6 A*us)n on Feb. "

$30 %urchases Discounts 040 #aid accounts due less discount o5 37 040% #aid the a6ount due 5ro6 Feb. " transac)on *ran)n* 37 discount

$"0 Transportaon n 040$ #aid loilo Frei*ht 5or deliverin* 6erchandise last Feb. " 04" #aid a #a9 +-ress 5or deliverin* 6erchandise ac:uired 5ro6 A*us)n

&10 #alaries 5pense 041( #aid salaries

&20 #upplies 5pense

&30 nsurance 5pense

&"0 Depreciaon 5pense , )uildin*

&$0 Depreciaon 5pense , uip+ent

&&0 Transportaon 6ut 041% #aid 5rei*ht char*es on the sale o5 Feb. 1!

&(0 Adversin* 5pense 040& #aid 5or adver)sin* 5or the 6onth o5 Februar'

&-0 nterest 5pense 041" #a'6ent o5 interest on the 6ort*a*e -a'able

&70 Miscellaneous 5pense 04 #aid 6iscellaneous e-ense

Debit

Credit

)alance

33,000

33,000

113,000

1"!,000 !,0%0

%3,$0

!,000

&&,$0

(0,000

3&,$0 1!",$00

1!3,00

",000

1($,00

1$!,000

3((,00 !,000

3$,00

(1,000

&%,00

",000

&",00

1,000

(3,00

&,000

"!,00

3%",1!0

!30,1%0 $,000

!1,1%0

"00,000

2211-0

1$,000

1$,000 113,000

&0,000

3"$,000 &0,000

&$,000

00,000

&$,000

3$,000

"&1,000 3$,000

"0,000

&$,000 "$$,000

&1,000

"13,000

&$,000

"2-000

"13000

(1,000

(1,000

1,000

(2000

"%,000

"-000

"!0,000

"&0000

1,&(0,000

1($0000

3(0,000

3$0000

,310,000

2310000

!30,000

&30000

10%,000 !",000

"",000 1&0,000

1&0,000

1",000 "",000

1(,000

1!$,000

3&3,000

(",000

$1(000

(,000

"00,000

10%,000

,!00,000

2&00000

1,(!$,000

1$&7000

"00000

&0,000

&0,000

(0,000

(0,000

3$,000

$1,000

"0,000

1332000

&0,000

&0,000

&1,000

1"1000

",000

",000

&,%"0

11-"0

1&0,000

1&0,000

1(,000

$(,000

3&3,000

&&-000

(,000

2$000

1,$0

1,$0

(,100

(020

",000

",000

$,000

13000

 

(1,000

$1000

",000

"000

!,000

&000

!,000

2&000

 

&,000

(000

Teresit Feb >nad?usted Trial Balance Account Title

D+BT

110 Cash

1,1%0

10 Accounts Receivable

"%,000

130 erchandise nventor'

"13,000

Ad?ust6e

CR+DT

D+BT

1"0 Su--lies

&,000

d

1(0 #re-aid nsurance

"%,000

b

1!0 and

"!0,000

1&0 Buildin*

1,&(0,000

1&( Accu6ulated De-recia)on 4 Buildin*

3(0,000

c

1%( Accu6ulated De-recia)on 4 +:ui-6ent

!30,000

c

10 Accounts #a'able

(1&,000

1%0 +:ui-6ent

,310,000

0 Salaries #a'able

a

30 ort*a*e #a'able

,!00,000

310 Buenafor, Ca-ital

1,(!$,000

30 Buenafor, 2ithdra/als

"00,000

330 nco6e Su66ar' "10 Sales

1,33,000

"0 Sales Returns and Allo/ances

1"1,000

"30 Sales Discounts

11,%"0

(10 #urchases

!!%,000

(0 #urchases Returns and Allo/ances

(,000

(30 #urchases Discounts

&,00

("0 Trans-orta)on n

13,000

!10 Salaries +-ense

(1,000

a

(1,000

!0 Su--lies +-ense

d

(%,000

!30 nsurance +-ense

b

,000

!"0 De-recia)on +-ense 4 Buildin*

c

$,000

!(0 De-recia)on +-ense 4 +:ui-6ent

c

1,000

!!0 Trans-orta)on ut !&0 Adver)sin* +-ense

",000 !,000

!%0 nterest +-ense

!,000

!$0 iscellaneous +-ense

&,000 TTA @+T @C+ TTA

&,030,00

&,030,00

13,000

 Buen5alor Shoes 2or=sheet ruar' %, 01( nts

Ad?usted Trial Balance

CR+DT

D+BT

nco6e State6ent

CR+DT

D+BT

Balanc

CR+DT

D+BT

1,1%0

1,1%0

"%,000

"%,000

"13,000

"13,000

3$&,000

3$&,000

(%,000

1",000

1",000

,000

"!,000

"!,000

"!0,000

"!0,000

1,&(0,000

1,&(0,000

$,000

3($,000 ,310,000

1,000

,310,000 !",000 (1&,000

(1,000

(1,000 ,!00,000 1,(!$,000 "00,000

"00,000 1,33,000

13,000

1,33,000

1"1,000

1"1,000

11,%"0

11,%"0

!!%,000

!!%,000 (,000

(,000

&,00

&,00

13,000

13,000

10,000

10,000

(%,000

(%,000

,000

,000

$,000

$,000

1,000

1,000

",000 !,000

",000 !,000

!,000

!,000

&,000

&,000

&,10,00

&,10,00

1,"&,%"0

1,&!1,00

!,0!,1%0

1,&!1,00

!,0!,1%0

%%,1%0 1,&!1,00

 Sheet CR+DT

 

3($,000 !",000 (1&,000 (1,000 ,!00,000 1,(!$,000

(,&3%,000 %%,1%0 !,0!,1%0

Teresita Buenafor Shoes nco6e State6ent For the onth +nded Februar' %, 01( Sales Sales Discounts

11,%"0

Sales Returns and Allo/ances

1"1,000

Total Deduc)ons 5or Sales @et Sales Cost o5 Sales erchandise nventor', <1<01(

"13,000

#urchases #urchases Discounts #urchases Returns and Allo/ances Total Deduc)ons 5or #urchases @et #urchases Trans-orta)on n

!!%,000 &,00 (,000 3,00 !3(,$%0 13,000

@et Cost o5 #urchases

!"%,$%0

Total 8oods Available 5or Sale

1,0!1,$%0

erchandise nventor', <%<01(

3$&,000

Cost o5 Sales 8ross #rot -era)n* +-enses Sellin* +-enses Trans-orta)on ut

",000

Adver)sin* +-ense

!,000

Total Sellin* +-enses

10,000

Ad6inistra)ve +-enses Salaries +-ense

10,000

Su--lies +-ense

(%,000

nsurance +-ense

,000

De-recia)on +-ense 4 Buildin*

$,000

De-recia)on +-ense 4 +:ui-6ent Total Ad6inistra)ve +-enses Total -era)n* +-enses

1,000 1%3,000

-era)n* #rot ther +-enses ntrest +-enses iscellaneous +-enses Total ther +-enses @+T @C+

!,000 &,000

 

1,33,000

1(,%"0  

1,1&$,1!0

!!",$%0  

(1",1%0

1$3,000  

31,1%0

33,000

 

2--1-0

Teresita Buenafor Shoes State6ent o5 Chan*es in /ners +:uit' For the onth +nded Februar' %, 01( Buenafor, /ners +:uit', <1<01( AddE #rot Total essE 2ithdra/als Buenafor, /ners +:uit', <%<01(

 

1,(!$,000 %%,1%0 1,%(&,1%0 "00,000

1"$(1-0

Teresita Buenafor Shoes Balance Sheet Februar' %, 01(

A##T# Current Assets Cash

1,1%0

Accounts Receivable

"%,000

erchandise nventor'

3$&,000

Su--lies

1",000

#re-aid nsurance

"!,000

Total Current Assets @on4Current Assets and Buildin* essE Accu6ulated De-recia)on 4 Buildin*

"!0,000 1,&(0,000 3($,000

Buildin* 4 @et +:ui-6ent essE Accu6ulated De-recia)on 4 +:ui-6ent +:ui-6ent 4 @et

1,3$1,000 ,310,000 !",000 1,!!%,000

Total @on4Current Assets

T6TA' A##T# 'A)'T# AND 6NR8# 9:T; Current iabili)es Accounts #a'able Salaries #a'able Total Current iabili)es @on4Current iabili)es ort*a*e #a'able Total iabili)es /ners +:uit' Buenafor, Ca-ital, Feb. % T6TA' 'A)'T# AND 6NR8# 9:T;

(1&,000 (1,000

 

1,10!,1%0

3,(1$,000

"&2$1-0

(!%,000 ,!00,000 3,1!%,000 1,"(&,1%0

"&2$1-0