Scribd
Upload
29 views6 pages

December 2016 Merchandising Entries

The document contains the journal entries for Bravo Merchandising for the month of December 2016. It records various transactions including initial capital investment, purchases and payments for supplies, equipment, merchandise and other expenses. Sales are also recorded along with the corresponding cost of goods sold. At the end of the month, operating expenses are paid and the owner makes a withdrawal.

Uploaded by

G09 CARGANILLA, Angelika M.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
29 views6 pages

December 2016 Merchandising Entries

The document contains the journal entries for Bravo Merchandising for the month of December 2016. It records various transactions including initial capital investment, purchases and payments for supplies, equipment, merchandise and other expenses. Sales are also recorded along with the corresponding cost of goods sold. At the end of the month, operating expenses are paid and the owner makes a withdrawal.

Uploaded by

G09 CARGANILLA, Angelika M.
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

BRAVO MERCHANDISING

JOURNAL ENTRIES
For the Month ending December 31, 2016

Date Account Titles & Explanation Ref

1-Dec Cash 101


D. Natuwa, Capital 301
Initial Investment

2-Dec Supplies 104


Cash 101
Bought Office Supplies

2-Dec Merchandise Inventory 103


Cash 101
Bought Merchandise from Cagandahan Store

3-Dec Cash 101


Notes Payable 202
Borrowed Money from BDO Bank

4-Dec Equipment 105


Cash 101
Bought store equipment from All Star Marketing

5-Dec Merchandise Inventory 103


Account Payable 201
Bought Merchandise from Andy Lim Store

6-Dec Merchadise Inventory 201


Cash 101
Paid Freight on December 5

8-Dec Merchandise Inventory 103


Account Payable 201
Bought Merchandise from Masikap Store

10-Dec Account Receivable 102


Sales/Revenue 401
Sold merchandise on account

Cost of Goods Sold 501


Merchandise Inventory 103
Cost of Goods sold

11-Dec Freight Out 503


Cash 101
Paid freight on Decemeber 10

14-Dec Account Payable 201


Merchandise Inventory 103
Received credit from Masikap Store

15-Dec Salaries Expense 505


Cash 101
Paid Salaries

16-Dec Merchandise Inventory 103


Cash 101
Bought Mercahandise from Trinity Store

18-Dec Account Payable 201


Merchandise Inventory 103
Cash 101
Paid Masikap Store

19-Dec Cash 101


Merchandise Inventory 103
Received refund from supplier

20-Dec Cash 101


Sales Discount 403
Account Receivable 102
Collected full amount from December 10

21-Dec Account Payable 201


Cash 101
Paid Andy Lim

22-Dec Cash 101


Sales/Revenue 401
Sold merchandise on cash

Cost of Goods Sold 501


Merchandise Inventory 103
Cost of Goods sold

23-Dec Sales Return & Allowances 402


Cash 101

29-Dec Salaries Expense 505


Advertisng Expense 502
Rent Expense 504
Utilities Expense 506
Cash 101
Paid Operating Expense

30-Dec Account Receivable 102


Sales/Revenue 401
Sold merchandise on account

Cost of Goods Sold 501


Merchandise Inventory 103
Cost of Goods sold

31-Dec D. Natuwa, Withdrawals 302


Cash 101
Withdrew for personal use
O MERCHANDISING
URNAL ENTRIES
th ending December 31, 2016

Debit Credit

₱ 100,000.00
₱ 100,000.00

₱ 2,500.00
₱ 2,500.00

₱ 15,000.00
₱ 15,000.00

₱ 20,000.00
₱ 20,000.00

₱ 8,000.00
₱ 8,000.00

₱ 15,000.00
₱ 15,000.00

₱ 500.00
₱ 500.00

₱ 12,000.00
₱ 12,000.00

₱ 15,000.00
₱ 15,000.00
₱ 12,000.00
₱ 12,000.00

₱ 500.00
₱ 500.00

₱ 500.00
₱ 500.00

₱ 5,000.00
₱ 5,000.00

₱ 5,000.00
₱ 5,000.00

₱ 11,500.00
₱ 230.00
₱ 11,270.00

₱ 1,000.00
₱ 1,000.00

₱ 14,700.00
₱ 300.00
₱ 15,000.00

₱ 8,000.00
₱ 8,000.00

₱ 15,000.00
₱ 15,000.00
₱ 12,000.00
₱ 12,000.00

₱ 2,000.00
₱ 2,000.00

₱ 5,000.00
₱ 1,000.00
₱ 3,000.00
₱ 2,000.00
₱ 11,000.00

₱ 27,000.00
₱ 27,000.00

₱ 9,000.00
₱ 9,000.00

₱ 5,000.00
₱ 5,000.00

You might also like