WAGWAG

TRIA
As of

Unadjusted TB
Account Debit Credit Debit Credit Debit
Cash 110,650.00 887,090.00 845,241.00 152,499.00
Petty Cash 1,500.00 320.00 1,180.00
Accounts Receivable 43,600.00 868,300.00 547,150.00 364,750.00
Allowance for Bad Debts -
Merchandise Inventory 406,000.00 406,000.00
Store Supplies 1,400.00 1,500.00 2,900.00
Office Supplies 950.00 1,790.00 2,740.00
Advertising Supplies 1,250.00 1,150.00 2,400.00
Prepaid Insurance 4,650.00 3,100.00 7,750.00
Furniture 60,000.00 60,000.00
Accum. Depreciation- Furniture 30,000.00 -
Accounts Payable 56,300.00 301,000.00 425,500.00
Juan Wagwag, Capital 543,700.00
Juan Wagwag, Drawing 37,500.00 37,500.00
Income Summary
Sales 1,260,100.00
Sales Return & Allowances 27,800.00 27,800.00
Sales Discount 10,437.00 10,437.00
Purchases 686,000.00 686,000.00
Freight In 1,200.00 1,200.00
Purchase Return & Allowances 3,077.00
Purchase Discount 3,849.00
Salaries 210,000.00 210,000.00
Advertising Expense 5,860.00 5,860.00
Advertising Supplies Used -
Store Supplies Used 200.00 200.00
Rent Expense 25,000.00 25,000.00
Depreciation Expense -
Bad Debts Expense -
Miscellaneous Selling Expense 7,650.00 7,650.00
Office Supplies Used -
Insurance Expense -
Miscellaneous General Expense 9,660.00 9,660.00
Total 630,000.00 630,000.00 3,085,237.00 3,085,237.00 2,021,526.00
 WAGWAG ENTERPRISES
TRIAL BALANCE
As of Sep 30, 200x

Unadjusted TB Adjusting entries Adjusted Trial Balance Closing Entries

Credit Debit Credit Debit Credit
152,499.00
1,180.00
364,750.00
18,237.50 18,237.50
406,000.00 216,000.00
1,400.00 1,500.00
2,290.00 450.00
1,500.00 900.00
6,200.00 1,550.00
60,000.00
30,000.00 6,000.00 36,000.00
180,800.00 180,800.00
543,700.00 543,700.00
37,500.00
216,000.00 1,561,023.50
1,260,100.00 1,260,100.00 1,985,537.00
27,800.00 27,800.00
10,437.00 10,437.00
686,000.00 686,000.00
1,200.00 1,200.00
3,077.00 3,077.00 3,077.00
3,849.00 3,849.00 3,849.00
210,000.00 210,000.00
- 5,860.00 5,860.00
1,500.00 1,500.00 1,500.00
1,400.00 1,600.00 1,600.00
25,000.00 25,000.00
6,000.00 6,000.00 6,000.00
18,237.50 18,237.50 18,237.50
7,650.00 7,650.00
2,290.00 2,290.00 2,290.00
6,200.00 6,200.00 6,200.00
9,660.00 9,660.00
2,021,526.00 35,627.50 35,627.50 2,045,763.50 2,045,763.50 2,502,460.50 2,502,460.50
-
 POST CLOSING TB
Debit Credit
152,499.00
1,180.00
364,750.00
- 18,237.50
190,000.00
1,500.00
450.00
900.00
1,550.00
60,000.00
- 36,000.00
- 180,800.00
- 575,291.50
37,500.00

810,329.00 810,329.00
-
 WAGWAG ENTERPRISES
BALANCE SHEET
As of Sep 30, 200x

ASSETS
Cash 152,499.00
Petty Cash 1,180.00
Accounts Receivable, net 346,512.50
Merchandise Inventory 190,000.00
Store Supplies 1,500.00
Office Supplies 450.00
Advertising Supplies 900.00
Prepaid Insurance 1,550.00
Furniture, net 24,000.00
TOTAL ASSETS 718,591.50

LIABILITIES AND OWNER'S CAPITAL

Accounts Payable 180,800.00

Owner's Capital
Beg., Juan Wagwag, Capital 543,700.00
Less: Drawing (37,500.00)
Add: Net Income 31,591.50
TOTAL LIABILITIES AND OWNER'S CAPITAL 718,591.50
 WAGWAG ENTERPRISES
INCOME STATEMENT
As of Sep 30, 200x

Adjusted Trial Balance

Account Debit Credit
Sales 1,260,100.00
Less: Sales Return & Allowances 27,800.00
Sales Discount 10,437.00 (38,237.00)
1,221,863.00
Less: Cost of Goods Sold:
Beg. Inventory 406,000.00
Net Purchases 680,274.00
Cost of Goods Available for Sale 1,086,274.00
Less: ending Inventory (190,000.00) 896,274.00
Gross Income 325,589.00

Less: Operating Expenses

Salaries 210,000.00
Advertising Expense 5,860.00
Advertising Supplies Used 1,500.00
Store Supplies Used 1,600.00
Rent Expense 25,000.00
Depreciation Expense 6,000.00
Bad Debts Expense 18,237.50
Miscellaneous Selling Expense 7,650.00
Office Supplies Used 2,290.00
Insurance Expense 6,200.00
Miscellaneous General Expense 9,660.00 293,997.50

Net Income 31,591.50

 DATE DESCRIPTION POST. REF DEBIT CREDIT

1 SEPTEMBER 1 Rent expense 25,000

Cash 25,000
To record issuance of check for rent for the month of September

2 Office Supplies 650

Store Supplies 1,500
Cash 2,150
To record issuance of check for the purchase of store and office supplies

3 Purchases 16,800
Accounts Payable 16,800
To record purchase on account

4 2 Accounts Receivable 21,900

Sales 21,900
To record sales on account

5 3 Advertising 900
Cash 900
To record issuance of check for purchase of advertising space

6 Accounts Payable 10,500

Cash 10,410
Purchase Discount 90
To record issuance of check for payment of purchase on account and purchase discount availed

7 Cash 22,540
Sales discount 460
Accounts Receivable 23,000
To record receipt of payment from customers and sales discount taken

8 4 Salaries 70,000
Cash 70,000
To record issuance of check for payroll

9 Cash 79,000
Sales 79,000
To record cash sales

10 Accounts Payable 29,700

Cash 29,700
To record issuance of check for payment of purchase on account
11 6 Purchases 31,000
Accounts Payable 31,000
To record purchase on account

12 Office Supplies 720

Cash 720
To record issuance of check for payment of purchase of office supplies

13 Accounts Receivable 17,100

Sales 17,100
To record sales on account

14 7 Accounts Payable 16,000

Cash 16,000
To record issuance of check for payment of purchase on account

15 Cash 4,900
Sales discount 100
Accounts Receivable 5,000
To record receipt of payment from customers and sales discount taken

16 Sales Return and Allowances 150

Accounts Receivable 150
To record receipt of defective merchandise returned by customer

17 Purchases 45,000
Cash 45,000
To record purchase of merchandise for cash

18 8 Accounts Receivable 134,000

Sales 134,000
To record sales on account

19 Freight In 700
Cash 700
To record issuance of check for payment of freight charges

20 Miscellaneous General Expense 2,800

Cash 2,800
To record issuance of check for payment of telephone bill

21 Petty Cash 160

Cash 160
To record petty cash replenishment
22 Advertising 60
Store Supplies 100
Petty Cash 160
To record expenses from petty cash

23 9 Accounts Payable 500

Purchase Returns & Allowance 500
To record receipt of credit memorandum from supplier for defective merchandise bought

24 Accounts Payable 15,300

Cash 15,237
Purchase Discount 63
To record issuance of check for payment of purchase on account and purchase discount availed

25 10 Juan Wagwag, Drawing 10,000

Cash 10,000
To record cash withdrawal by owner

26 Freight In 500
Cash 500
To record issuance of check for payment of freight charges

27 Purchases 18,000
Cash 18,000
To record issuance of check for merchandise purchased

28 Cash 21,315
Sales discount 435
Accounts Receivable 21,750
To record receipt of payment from customers and sales discount taken

29 Petty Cash 1,240

Cash 1,240
To record petty cash replenishment

Office Supplies 300

Miscellaneous General Expense 940
Petty Cash 1,240
To record expenses from petty cash

30 11 Salaries 70,000
Cash 70,000
To record issuance of check for payroll

31 Purchases 62,000
 Accounts Payable 62,000
To record purchase on account

32 Cash 68,000
Sales 68,000
To record cash sales

33 13 Accounts Receivable 185,000

Sales 185,000
To record sales on account

34 14 Cash 168,658
Sales discount 3,442
Accounts Receivable 172,100
To record receipt of payment from customers and sales discount taken

35 Purchases 90,000
Cash 90,000
To record issuance of check for purchase of merchandise

36 Advertising 900
Cash 900
To record issuance of check for purchase of advertising space

37 Sales Return & Allowances 25,000

Accounts Receivable 25,000
To record receipt of merchandise returned by customer

38 15 Miscellaneous General Expense 3,000

Cash 3,000
To record issuance of check for payment of heat, light and power bill

39 Prepaid Insurance 3,100

Cash 3,100
To record issuance of check for advance payment of insurance for equipment

40 16 Purchases 97,000
Accounts Payable 97,000
To record purchase on account

41 Juan Wagwag, Drawing 4,500

Merchandise Inventory 4,500
To record withdrawal of merchandise by owner

42 18 Accounts Receivable 102,000

 Sales 102,000
To record sales on account

43 Miscellaneous General Expense 1,500

Cash 1,500
To record issuance of check for miscellaneous general expenses incurred

44 Miscellaneous Selling Expense 7,500

Cash 7,500
To record issuance of check for miscellaneous selling expense

45 Salaries 70,000
Cash 70,000
To record issuance of check for payroll

46 Cash 109,800
Sales 109,800
To record cash sales

47 20 Advertising 4,000
Cash 4,000
To record issuance of check for payment of printing services

48 Purchases 67,000
Cash 67,000
To record issuance of check for merchandise purchased

49 Accounts Payable 1,200

Purchase Return & Allowances 1,200
To record receipt of credit memorandum from supplier for defective merchandise bought

50 Juan Wagwag, Drawing 15,000

Cash 10,000
Merchandise Inventory 5,000
To record cash and merchandise withdrawal by owner

51 Advertising 1,000
Cash 1,000
To record issuance of check for advertising supplies purchased

52 Petty Cash 150

Cash 150
To record petty cash replenishment

Miscellaneous Selling Expense 150

 Petty Cash 150
To record expenses from petty cash

53 21 Purchases 126,000
Accounts Payable 126,000
To record purchase on account

54 Accounts Payable 61,800

Cash 60,564
Purchase Discount 1,236
To record issuance of check for payment of purchase on account and purchase discount availed

55 22 Accounts Receivable 119,000

Sales 119,000
To record sales on account

56 23 Accounts Payable 90,000

Cash 88,820
Purchase Discount 1,180
To record issuance of check for payment of purchase on account and purchase discount availed

57 Purchases 34,500
Cash 34,500
To record issuance of check for merchandise purchased

58 Sales Return & Allowances 2,500

Cash 2,500
To record payment for return of defective merchandise from customer

59 24 Accounts Receivable 83,300

Sales 83,300
To record sales on account

60 Accounts Payable 42,000

Cash 41,160
Purchase Discount 840
To record issuance of check for payment of purchase on account and purchase discount availed

61 Cash 116,620
Sales discount 2,380
Accounts Receivable 119,000
To record receipt of payment from customers and sales discount taken

62 Cash 74,000
Sales 74,000
 To record cash sales

63 Petty Cash 1,350

Cash 1,350
To record petty cash replenishment

Miscellaneous General Expense 1,200

Advertising 150
Petty Cash 1,350
To record expenses from petty cash

64 27 Miscellaneous General Expense 120

Cash 120
To record issuance of check for advertisement

65 Cash 440
Purchase Return & Allowances 440
To record receipt of cash from supplier for return of defective merchandise bought

66 28 Cash 177,380
Sales discount 3,620
Accounts Receivable 181,000
To record receipt of payment from customers and sales discount taken

67 Accounts Payable 34,000

Cash 34,000
To record issuance of check for payment of purchase on account

68 29 Accounts Receivable 206,000

Sales 206,000
To record sales on account

69 Juan Wagwag, Drawing 8,000

Merchandise Inventory 8,000
To record withdrawal of merchandise by owner

70 Purchases 6,000
Cash 6,000
To record purchase of merchandise for cash

71 Sales Return & Allowances 150

Accounts Receivable 150
To record issuance of credit memorandum for return of defective merchandise from customer

72 30 Purchases 92,700
 Accounts Payable 92,700
To record purchase on account

73 Cash 43,500
Sales 43,500
To record cash sales

74 Cash 937
Purchase Return & Allowances 937
To record cash receipt from supplier for defective merchandise bought

3,087,817 3,087,817
discount availed
discount availed
discount availed

discount availed

discount availed
from customer
 WAGWAG ENTERPRISES
CASH RECEIPTS JOURNAL

ACCOUNT
DATE POST. REF
CREDITED DEBIT
3-Sep sales discount 460.00
Accounts Receivable
4-Sep Sales
7-Sep sales discount 100.00
7-Sep Accounts Receivable
10-Sep sales discount 435.00
10-Sep Accounts Receivable
11-Sep Sales
14-Sep sales discount 3,442.00
14-Sep Accounts Receivable
18-Sep Sales
24-Sep sales discount 2,380.00
24-Sep Accounts Receivable
Sales
27-Sep Purchase Returns & Allowances
28-Sep sales discount 3,620.00
28-Sep Accounts Receivable
30-Sep Sales
Purchase Returns & Allowances

10,437
L

CASH
CREDIT DEBIT
22,540
23,000.00
79,000.00 79,000
4,900
5,000.00
21,315
21,750.00
68,000.00 68,000
168,658
172,100.00
109,800.00 109,800
116,620
119,000.00
74,000.00 74,000
440.00 440
177,380
181,000.00
43,500.00 43,500
937.00 937

897,527 887,090
 WAGWAG ENTERPRISES
GENERAL LEDGER LEDGER

CASH
DATE REF DEBIT CREDIT BALANCE
110,650 110,650
1-Sep 25,000 85,650
GJ-2 650 85,000
GJ-2 1,500 83,500
3-Sep GJ-5 900 82,600
GJ-6 10,290 72,310
GJ-7 22,540 94,850
4-Sep GJ-8 70,000 24,850
GJ-9 79,000 103,850
GJ-10 29,700 74,150
6-Sep GJ-12 720 73,430
7-Sep GJ-14 15,680 57,750
GJ-15 4,900 62,650
GJ-17 45,000 17,650
8-Sep GJ-19 700 16,950
GJ-20 2,800 14,150
GJ-21 160 13,990
9-Sep GJ-23 15,237 (1,247)
10-Sep GJ-25 10,000 (11,247)
GJ-26 500 (11,747)
GJ-27 18,000 (29,747)
GJ-28 21,315 (8,432)
GJ-29 1,240 (9,672)
11-Sep GJ-30 70,000 (79,672)
GJ-32 68,000 (11,672)
14-Sep GJ-34 168,658 156,986
GJ-35 90,000 66,986
GJ-36 900 66,086
15-Sep GJ-38 3,000 63,086
GJ-39 3,100 59,986
18-Sep GJ-43 1,500 58,486
GJ-44 7,500 50,986
GJ-45 70,000 (19,014)
GJ-46 109,800 90,786
20-Sep GJ-47 4,000 86,786
GJ-48 67,000 19,786
GJ-50 10,000 9,786
GJ-51 1,000 8,786
GJ-52 150 8,636
21-Sep GJ-54 60,564 (51,928)
 23-Sep GJ-56 88,820 (140,748)
GJ-57 34,500 (175,248)
GJ-58 2,500 (177,748)
24-Sep GJ-60 41,160 (218,908)
GJ-61 116,620 (102,288)
GJ-62 74,000 (28,288)
GJ-63 1,350 (29,638)
27-Sep GJ-64 120 (29,758)
GJ-65 440 (29,318)
28-Sep GJ-66 177,380 148,062
GJ-67 34,000 114,062
29-Sep GJ-70 6,000 108,062
30-Sep GJ-73 43,500 151,562
GJ-74 937 152,499

Total 997,740 845,241 152,499 -

PETTY CASH
DATE REF DEBIT CREDIT BALANCE
1,500 1,500
2-Sep PCR 60 1,440
7-Sep PCR 100 1,340
8-Sep GJ-21 160 1,500
9-Sep PCR 300 1,200
PCR 940 260
10-Sep PCR 1,240 1,500
18-Sep PCR 150 1,350
20-Sep PCR 150 1,500
22-Sep 1,200 300
150 150
24-Sep 1,350 1,500
27-Sep 320 1,180

Total 4,400 3,220 1,180

ACCOUNTS RECEIVABLE
DATE REF DEBIT CREDIT BALANCE
43,600 43,600
2-Sep GJ-4 21,900 65,500
3-Sep GJ-7 23,000 42,500
6-Sep GJ-13 17,100 59,600
7-Sep GJ-15 5,000 54,600
GJ-16 150 54,450
8-Sep GJ-18 134,000 188,450
10-Sep GJ-28 21,750 166,700
 13-Sep GJ-33 185,000 351,700
14-Sep GJ-34 172,100 179,600
GJ-37 25,000 154,600
18-Sep GJ-42 102,000 256,600
22-Sep GJ-55 119,000 375,600
24-Sep GJ-59 83,300 458,900
GJ-61 119,000 339,900
28-Sep GJ-66 181,000 158,900
29-Sep GJ-68 206,000 364,900
GJ-70 150 364,750
18,238 346,513

Total 911,900 565,388 346,513

ALLOWANCE FOR BAD DEBTS

DATE REF DEBIT CREDIT BALANCE
18,238 18,238

MERCHANDISE INVENTORY
DATE REF DEBIT CREDIT BALANCE
406,000 406,000
16-Sep 4,500 401,500
20-Sep 5,000 396,500
29-Sep 8,000 388,500

Total 406,000 17,500 388,500

STORE SUPPLIES
DATE REF DEBIT CREDIT BALANCE
1,400 1,400
1-Sep 1,500 2,900
8-Sep 100 3,000
1,500 1,500
Total 3,000 1,500 1,500

OFFICE SUPPLIES
DATE REF DEBIT CREDIT BALANCE
950 950
 1-Sep 650 1,600
6-Sep 720 2,320
10-Sep 300 2,620
2,170 450
Total 2,620 2,170 450

ADVERTISING SUPPLIES
DATE REF DEBIT CREDIT BALANCE
1,250 1,250
350 900
Total 1,250 350 900

PREPAID INSURANCE
DATE REF DEBIT CREDIT BALANCE
4,650 4,650
15-Sep 3,100 7,750
6,200 1,550
Total 7,750 6,200 1,550

FURNITURE
DATE REF DEBIT CREDIT BALANCE
60,000 60,000

Total 60,000 - 60,000

ACCUM. DEP'N- FURNITURE

DATE REF DEBIT CREDIT BALANCE
30,000 30,000
6,000
Total - 36,000 36,000

ACCOUNTS PAYABLE
DATE REF DEBIT CREDIT BALANCE
56,300 56,300
1-Sep GJ-3 16,800 73,100
3-Sep GJ-6 10,500 62,600
4-Sep GJ-10 29,700 32,900
 6-Sep GJ-11 31,000 63,900
7-Sep GJ-14 16,000 47,900
9-Sep GJ-23 500 47,400
GJ-24 15,300 32,100
11-Sep GJ-31 62,000 94,100
16-Sep GJ-40 97,000 191,100
20-Sep GJ-49 1,200 189,900
21-Sep GJ-53 126,000 315,900
GJ-54 61,800 254,100
23-Sep GJ-56 90,000 164,100
24-Sep GJ-60 42,000 122,100
28-Sep GJ-67 34,000 88,100
30-Sep GJ-72 92,700 180,800

Total 301,000 481,800 180,800

JUAN WAGWAG, CAPITAL

DATE REF DEBIT CREDIT BALANCE
543,700 543,700

Total - 543,700 543,700

JUAN WAGWAG, DRAWING

DATE REF DEBIT CREDIT BALANCE
10-Sep 10,000 10,000
16-Sep 4,500 14,500
20-Sep 15,000 29,500
29-Sep 8,000 37,500

Total 37,500 - 37,500

INCOME SUMMARY
DATE REF DEBIT CREDIT BALANCE

SALES
DATE REF DEBIT CREDIT BALANCE
2-Sep GJ-4 21,900 21,900
 4-Sep GJ-9 79,000 100,900
6-Sep GJ-13 17,100 118,000
8-Sep GJ-18 134,000 252,000
11-Sep GJ-32 68,000 320,000
13-Sep GJ-33 185,000 505,000
18-Sep GJ-42 102,000 607,000
GJ-46 109,800 716,800
22-Sep GJ-55 119,000 835,800
24-Sep GJ-59 83,300 919,100
GJ-62 74,000 993,100
29-Sep GJ-68 206,000 1,199,100
30-Sep GJ-73 43,500 1,242,600

Total - 1,242,600 1,242,600

SALES RETURN & ALLOWANCES

DATE REF DEBIT CREDIT BALANCE
7-Sep 150 150
14-Sep 25,000 25,150
23-Sep 2,500 27,650
29-Sep 150 27,800

Total 27,800 - 27,800

SALES DISCOUNT
DATE REF DEBIT CREDIT BALANCE
1-Sep GJ - 7 460

Total 460 - 460

PURCHASES
DATE REF DEBIT CREDIT BALANCE
1-Sep GJ-3 16,800 16,800
6-Sep GJ-11 31,000 47,800
7-Sep GJ-17 45,000 92,800
10-Sep GJ-27 18,000 110,800
11-Sep GJ-31 62,000 172,800
14-Sep GJ-35 90,000 262,800
16-Sep GJ-40 97,000 359,800
20-Sep GJ-48 67,000 426,800
21-Sep GJ-53 126,000 552,800
23-Sep GJ-57 34,500 587,300
 29-Sep GJ-70 6,000 593,300
30-Sep GJ-72 92,700 686,000

Total 686,000 - 686,000

FREIGHT IN
DATE REF DEBIT CREDIT BALANCE
8-Sep 700 700
10-Sep 500 1,200

Total 1,200 - 1,200

PURCHASE RETURN & ALLOWANCES

DATE REF DEBIT CREDIT BALANCE
9-Sep GJ-23 500 500
20-Sep GJ-49 1,200 1,700
27-Sep GJ-65 440 2,140
30-Sep GJ-74 937 3,077

Total - 3,077 3,077

PURCHASE DISCOUNT
DATE REF DEBIT CREDIT BALANCE
3-Sep GJ-6 210 210
9-Sep GJ-23 63 273
21-Sep GJ-54 1,236 1,509
23-Sep GJ-56 1,180 2,689
24-Sep GJ-60 840 3,529

Total - 3,529 3,529

SALARIES
DATE REF DEBIT CREDIT BALANCE
4-Sep 70,000 70,000
11-Sep 70,000 140,000
18-Sep 70,000 210,000

Total 210,000 - 210,000

ADVERTISING
DATE REF DEBIT CREDIT BALANCE
3-Sep GJ-5 900 900
8-Sep GJ-22 60 960
 14-Sep GJ-36 900 1,860
20-Sep GJ-47 4,000 5,860
GJ-51 1,000 6,860
24-Sep GJ-63 150 7,010

Total 7,010 - 7,010

ADVERTISING SUPPLIES USED

DATE REF DEBIT CREDIT BALANCE
350 350

STORE SUPPLIES USED

DATE REF DEBIT CREDIT BALANCE
30-Sep 1,500 1,500

RENT EXPENSE
DATE REF DEBIT CREDIT BALANCE
1-Sep 25,000 25,000

Total 25,000 - 25,000

DEPRECIATION EXPENSE
DATE REF DEBIT CREDIT BALANCE
6,000 6,000

BAD DEBTS EXPENSE

DATE REF DEBIT CREDIT BALANCE
 MISC. SELLING EXPENSE
DATE REF DEBIT CREDIT BALANCE
18-Sep 7,500 7,500
20-Sep 150 7,650

Total 7,650 - 7,650

OFFICE SUPPLIES USED

DATE REF DEBIT CREDIT BALANCE
2,170 2,170

INSURANCE EXPENSE
DATE REF DEBIT CREDIT BALANCE
6,200 6,200

MISC. GENERAL EXPENSE

DATE REF DEBIT CREDIT BALANCE
8-Sep 2,800 2,800
10-Sep 940 3,740
15-Sep 3,000 6,740
18-Sep 1,500 8,240
24-Sep 1,200 9,440
27-Sep 120 9,560

Total 9,560 - 9,560

 WAGWAG ENTERPRISES
CASH PAYMENTS JOURNAL

ACCOUNTS
PAYABLE
DATE CHK. NO. ACCOUNT DEBITED POST REF
DEBIT CREDIT DEBIT
Sept 1 162811 Rent Expense GJ-1 25,000.00
162812 Office Supplies GJ-2 650.00
162813 Store Supplies GJ-2 1,500.00
3 162814 Advertising GJ-5 900.00
162815 Accounts Payable GJ-6 4,500
162816 Accounts Payable GJ-6 6,000
4 162817 Salaries GJ-8 70,000.00
162818 Accounts Payable GJ-10 16,700
162819 Accounts Payable GJ-10 13,000
6 162820 Office Supplies GJ-12 720
7 162821 Accounts Payable GJ-14 16,000
Purchases GJ-17 45,000
8 162822 Freight In GJ-19 700
162823 Miscellaneous Gen. Expense GJ-20 2,800
Petty Cash GJ-21 160
9 162824 Accounts Payable GJ-23 9,000
162825 Accounts Payable GJ-23 6,300
10 Juan Wagwag, Drawing GJ-25 10,000
162826 Freight In GJ-26 500
162827 Purchases GJ-27 18,000
Petty Cash GJ-29 1,240
11 162828 Salaries GJ-30 70,000
14 162829 Purchases GJ-35 90,000
162830 Advertising GJ-36 900
15 162831 Miscellaneous Gen. Expense GJ-38 3,000
162832 Prepaid Insurance GJ-39 3,100
18 162833 Miscellaneous Gen. Expense GJ-43 1,500
162834 Miscellaneous Selling Expense GJ-44 7,500
 Salaries GJ-45 70,000
20 162835 Advertising GJ-47 4,000
162836 Purchases GJ-48 67,000
Juan Wagwag, Drawing GJ-50 10,000
162837 Advertising GJ-51 1,000
Petty Cash GJ-52 150
21 162838;162839 Accounts Payable GJ-54 61,800
23 162840;162842 Accounts Payable GJ-56 90,000
162843 Purchases GJ-57 34,500
Sales Returen & Allowances GJ-58 2,500
24 162844 Accounts Payable GJ-60 42,000
Petty Cash GJ-63 1,350
27 162845 Miscellaneous Gen. Expense GJ-64 120
28 162846 Accounts Payable GJ-67 34,000
Purchases GJ-70 6,000.00

549,790 - 299,300
PURCHASE
DISCOUNT CASH
CREDIT CREDIT
25,000
650
1,500
900
90 4,410
120 5,880
70,000
16,700
13,000
720
16,000
45,000
700
2,800
160
9,000
63 6,237
10,000
500
18,000
1,240
70,000
90,000
900
3,000
3,100
1,500
7,500
 70,000
4,000
67,000
10,000
1,000
150
1,236 60,564
1,180 88,820
34,500
2,500
840 41,160
1,350
120
34,000
6,000

3,529 845,561
 WAGWAG ENTERPRISES
SALES JOURNAL
DATE CUSTOMER'S NAME POST. REF ACCTS. RECEIVABLE DEBIT

1 Sept 2J&B GJ-4 6,900

2 Mc Cario GJ-4 10,000
3 R&S GJ-4 5,000
5 6 Dagupan Inc GJ-13 9,600
6 Evergood GJ-13 2,500
7 Odoc GJ-13 5,000
8 8 B&S GJ-18 31,000
Kool GJ-18 65,000
Tony GJ-18 14,000
Wear GJ-18 24,000
13 Abanao GJ-33 86,000
B&C GJ-33 74,000
Odoc GJ-33 25,000
18 Evergood GJ-42 44,500
K&S GJ-42 39,500
Mc Cario GJ-42 18,000
22 Abanao GJ-55 50,000
HC GJ-55 69,000
24 Dagupan Inc GJ-59 19,000
Kool GJ-59 60,000
Odoc GJ-59 4,300
29 Dagupan Inc GJ-68 86,000
R&S GJ-68 120,000

868,300
SALES CREDIT

6,900
10,000
5,000
9,600
2,500
5,000
31,000
65,000
14,000
24,000
86,000
74,000
25,000
44,500
39,500
18,000
50,000
69,000
19,000
60,000
4,300
86,000
120,000

868,300
 WAGWAG ENTERPRISES
PURCHASES JOURNAL
DATE SUPPLIER'S NAME INV. NO. INV. DATE TERMS

1 Sept 1 Fax 781 1-Sep 2/10; n/30

2 Esteban 782 1-Sep 1/10; n/30
3 Yang's 783 1-Sep 2/10; n/30
4 6 Capital Goods 784 6-Sep 2/10; n/30
5 Lee 785 3-Sep n/30
6 New City 786 6-Sep 2/10; n/30
9 11 New City 787 10-Sep 2/10; n/30
10 Esteban 788 10-Sep 1/10; n/30
16 Andy & Son 789 15-Sep 2/10; n/30
Hanz 790 15-Sep 2/10; n/30
Yang's 791 13-Sep 2/10; n/30
21 Capital Goods 792 15-Sep 2/10; n/30
Hanz 793 16-Sep 2/10; n/30
Roberto 794 21-Sep 1/15; n/30
30 Cute 797 29-Sep 2/10; n/30
Fax 798 30-Sep 2/10; n/30
Lee 799 28-Sep n/30
Roberto 800 29-Sep 1/15; n/30
Esteban 801 30-Sep 1/10; n/30
POST REFACCTS. PAYABLE CREDIT
PURCHASES DEBIT

GJ-3 4,500 4,500

GJ-3 6,300 6,300
GJ-3 6,000 6,000
GJ-11 16,000 16,000
GJ-11 9,000 9,000
GJ-11 6,000 6,000
GJ-31 45,000 45,000
GJ-31 17,000 17,000
GJ-40 35,000 35,000
GJ-40 28,000 28,000
GJ-40 34,000 34,000
GJ-53 34,000 34,000
GJ-53 42,000 42,000
GJ-53 50,000 50,000
GJ-72 9,700 9,700
GJ-72 14,000 14,000
GJ-72 46,000 46,000
GJ-72 20,000 20,000
GJ-72 3,000 3,000

425,500 425,500
 WAGWAG ENTERPRISES
PETTY CASH RECORD
DATE PAID TO / REC'D FROM PURPOSE AMOUNT BALANCE
1500
2-Sep Advertising 60 1440
7-Sep Store Supplies 100 1340
8-Sep Petty Cash Custodian Replenishment 160 1500
9-Sep Office Supplies 300 1200
9-Sep Misc Gen. Exp 940 260
10-Sep Petty Cash Custodian Replenishment 1240 1500
18-Sep Misc Selling Exp 150 1350
20-Sep Petty Cash Custodian Replenishment 150 1500
22-Sep Misc Gen. Exp 1200 300
Advertising 150 150
24-Sep Petty Cash Custodian Replenishment 1350 1500
27-Sep Misc Gen. Exp 100 1400
Office Supplies 120 1280
Store Supplies 100 1180

1180
 WAGWAG ENTERPRISES
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

ABANAO SHOP
DATE REF DEBIT CREDIT BALANCE
13-Sep 86,000 86,000
14-Sep 86,000 -
22-Sep 50,000 50,000
24-Sep 50,000 -
Total 136,000 136,000 -

B&C
DATE REF DEBIT CREDIT BALANCE
11,600 11,600
13-Sep 74,000 85,600
14-Sep 74,000 11,600

Total 85,600 74,000 11,600

B&S
DATE REF DEBIT CREDIT BALANCE
8-Sep 31,000 31,000

Total 31,000 - 31,000

DAGUPAN INC.
DATE REF DEBIT CREDIT BALANCE
6-Sep 9,600 9,600
14-Sep 9,600 -
24-Sep 19,000 19,000
28-Sep 19,000 -
29-Sep 86,000 86,000

Total 114,600 28,600 86,000

EVERGOOD
DATE REF DEBIT CREDIT BALANCE
10,000 10,000
3-Sep 10,000 -
6-Sep 2,500 2,500
14-Sep 2,500 -
18-Sep 44,500 44,500
 28-Sep 44,500 -

Total 57,000 57,000 -

HC
DATE REF DEBIT CREDIT BALANCE
22-Sep 69,000 69,000
24-Sep 69,000 -

Total 69,000 69,000 -

J&B
DATE REF DEBIT CREDIT BALANCE
2-Sep 6,900 6,900
10-Sep 6,900 -

Total 6,900 6,900 -

R&S
DATE REF DEBIT CREDIT BALANCE
2-Sep 5,000 5,000
10-Sep 5,000 -
29-Sep 120,000 120,000

Total 125,000 5,000 120,000

KOOL
DATE REF DEBIT CREDIT BALANCE
8-Sep 65,000 65,000
24-Sep 60,000 125,000
28-Sep 60,000 65,000

Total 125,000 60,000 65,000

ODOC
DATE REF DEBIT CREDIT BALANCE
6-Sep 5,000 5,000
13-Sep 25,000 30,000
14-Sep 25,000 5,000
24-Sep 4,300 9,300
29-Sep 150 9,150
Total 34,300 25,150 9,150

K&S
DATE REF DEBIT CREDIT BALANCE
18-Sep 39,500 39,500
28-Sep 39,500 -

Total 39,500 39,500 -

TONY
DATE REF DEBIT CREDIT BALANCE
8,000 8,000
3-Sep 8,000 -
8-Sep 14,000 14,000

Total 22,000 8,000 14,000

WEAR
DATE REF DEBIT CREDIT BALANCE
5,000 5,000
3-Sep 5,000 -
8-Sep 24,000 24,000

Total 29,000 5,000 24,000

MC CARIO
DATE REF DEBIT CREDIT BALANCE
9,000 9,000
2-Sep 10,000 19,000
7-Sep 150 18,850
10-Sep 9,850 9,000
18-Sep 18,000 27,000
28-Sep 18,000 9,000

Total 37,000 28,000 9,000

 WAGWAG ENTERPRISES
ACCOUNTS PAYABLE SUBSIDIARY LEDGER

ANDY & SON

DATE REF DEBIT CREDIT BALANCE
16-Sep 35,000 35,000

Total - 35,000 35,000

CAPITAL GOODS
DATE REF DEBIT CREDIT BALANCE
6-Sep 16,000 16,000
7-Sep 16,000 -
21-Sep 34,000 34,000
23-Sep 34,000 -

Total 50,000 50,000 -

CUTE
DATE REF DEBIT CREDIT BALANCE
30-Sep 9,700 9,700

Total - 9,700 9,700

FAX
DATE REF DEBIT CREDIT BALANCE
16,700 16,700
1-Sep PJ-1 4,500 21,200
3-Sep CPJ 4,500 16,700
4-Sep CPJ 16,700 -
30-Sep 14,000 14,000

Total 21,200 35,200 14,000

HANZ
DATE REF DEBIT CREDIT BALANCE
16-Sep 28,000 28,000
20-Sep 1,200 26,800
21-Sep 42,000 68,800
Total 1,200 70,000 68,800

LEE
DATE REF DEBIT CREDIT BALANCE
15,600 15,600
6-Sep 9,000 24,600
30-Sep 46,000 70,600

Total - 70,600 70,600

NEW CITY
DATE REF DEBIT CREDIT BALANCE
6-Sep 6,000 6,000
11-Sep 45,000 51,000
23-Sep 6,000 45,000

Total 6,000 51,000 45,000

ROBERTO
DATE REF DEBIT CREDIT BALANCE
13,000 13,000
4-Sep CPJ 13,000 -
21-Sep 50,000 50,000
23-Sep 50,000 -
30-Sep 20,000 20,000

Total 63,000 83,000 20,000

ESTEBAN
DATE REF DEBIT CREDIT BALANCE
1-Sep PJ-2 6,300 6,300
11-Sep PJ-10 17,000 23,300
30-Sep 3,000 26,300

Total - 26,300 26,300

YANG'S
DATE REF DEBIT CREDIT BALANCE
16,700 16,700
1-Sep PJ-3 6,000 22,700
3-Sep CPJ 6,000 16,700
9-Sep GJ-23 500 16,200
16-Sep GJ-40 34,000 50,200
28-Sep 34,000 16,200
Total 40,500 56,700 16,200
 WAGWAG ENTERPRISES
SCHEDULE OF ACCOUNTS RECEIVABLE
As of September 30, 200x

B&C 11,600
B&S 31,000
Dagupan Inc. 86,000
Kool 65,000
Mc Cario 9,000
Odoc 9,150
R&S 120,000
Tony 14,000
Wear 24,000
Total 369,750

WAGWAG ENTERPRISES
SCHEDULE OF ACCOUNTS PAYABLE
As of September 30, 200x

Andy & Son 35,000

Cute 9,700
Esteban 26,300
Fax 14,000
Hanz 68,800
Lee 70,600
New city 45,000
Roberto 20,000
Yang's 16,200
Total 305,600