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Esterlina Gevera Company Financials

The document contains voucher registers and check registers for Ferdinand Romero Company and Balita Stores. It shows payments made to suppliers and expenses incurred, with credits to accounts payable and debits to purchases, expenses and other accounts. Key details include payments of ₱7,250 rent to Reyes Rentals, ₱9,500 payment to Gloria, and ₱15,000 expense for store equipment from Ligeralde Business Machines. Balances are provided to show total debits and credits.

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268 views8 pages

Esterlina Gevera Company Financials

The document contains voucher registers and check registers for Ferdinand Romero Company and Balita Stores. It shows payments made to suppliers and expenses incurred, with credits to accounts payable and debits to purchases, expenses and other accounts. Key details include payments of ₱7,250 rent to Reyes Rentals, ₱9,500 payment to Gloria, and ₱15,000 expense for store equipment from Ligeralde Business Machines. Balances are provided to show total debits and credits.

Uploaded by

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

VOUCHER REGISTER

Voucher Date Credits Debit Other Accounts


No. Date Payee Paid Ck no. Accounts Payable Purchases [Link] Office Supplies Trans. Out Account Title PR Debit Credit
701 1-Jul Gloria 10-Jul 804 ₱ 9,500 ₱ 9,500 /
702 2-Jul Reyes Rentals 3-Jul 803 7, 250 Rent Expense 540 ₱ 7,250
703 9-Jul Tanupan Express 11-Jul 805 520 ₱ 520 /
704 15-Jul Pechon Company 8,000 8,000 /
706 24-Jul Jerusalem Company 12,500 12,500 /
₱ 37,770 ₱ 30,000 ₱ 520 ₱ 7,250

Check Register
Check Debits Credits
No. Date Payee Voucher no. Cash in Bank
803 3-Jul Reyes Rentals 702 ₱ 7,250 ₱ 7,250
804 10-Jul Gloria 701 9,500 ₱ 190 9,310
805 11-Jul Tanupan Express 703 520 520
₱ 17,270 ₱ 190 ₱ 17, 080

Voucher Register
Voucher Date Credits Debits OtherAccounts
No. Date Payee Paid Ck. No. Accounts Payable Purchaes Account title PR Debit Credit
704 15-Jul Pechon Company ₱ 8,000 ₱ 8,000

705 20-Jul Pechon Company 6,000 Account Payable ₱ 8,000


Purchases R. A ₱ 2,000
Ferdinand Romero Company
Voucher Date Credits Debit Other Accounts
No. Date Payee Paid Ck no. Accounts Payable Purchases [Link] Office Supplies Trans. Out Account Title PR Debit Credit
701 1-Jul Gloria 10-Jul 804 ₱ 9,500 ₱ 9,500 /
702 2-Jul Reyes Rentals 3-Jul 803 7, 250 Rent Expense 540 ₱ 7,250
703 9-Jul Tanupan Express 11-Jul 805 520 ₱ 520 /
704 15-Jul Pechon Company Cancelled 8,000 8,000 /
705 20-Jul Pechon Company 6,000 Accounts Payable 8,000
Purchase R. A
706 24-Jul Jerusalem Company 12,500 12,500 ₱ 520 /
43,770 30,000 ₱ 520 ₱ 15,250 ₱ 2,000
45,770 45,770
Debit Credit

Ferdinand Romero Company


Check Register
Check Debits Credits
No. Date Payee Voucher no. Cash in Bank
803 3-Jul Reyes Rentals 702 ₱ 7,250 ₱ 7,250
804 10-Jul Gloria 701 9,500 ₱ 190 9,310
805 11-Jul Tanupan Express 703 520 520
₱ 17,270 ₱ 190 ₱ 17, 080
₱ 17,270 ₱ 17,270
Debit Credit
BALITA STORES
VOUCHER REGISTER
Voucher Date Credits Debit Other Accounts
No. Date Payee Paid Ck no. Accounts Payable Purchases [Link] Office Supplies Trans. Out Account Title PR Debit Credit
601 1-Jan Cruz Realty 3-Jan 702 ₱ 9,250 Rent Expense 610 ₱ 9,250
602 2-Jan Dorega Supplier 10-Jan 793 8,000 ₱8,000 /
603 5-Jan Espiritu Bookstore 12-Jan 704 6,000 6,000 /
604 7-Jan Giron Freight Company 18-Jan 705 700 700 /
605 15-Jan Ligeralde Business Machines 28-Jan 707 15,000 Store equipment 180 15,000
606 22-Jan Macapagal Traders Cancelled 8,500 8,500 /
607 26-Jan Matias Powers 26-Jan 706 2,560 Utilities Expense 620 2,560
608 28-Jan Macapagal Traders 7,000 Voucher Payable 210 8,500
Purchase Return& Al 520 ₱ 1,500
609 31-Jan Burgon Whole Salers 7,350 7,350 /
₱ 64,360 ₱ 23,850 ₱ 700 ₱ 6,000 ₱ 35,310 ₱ 1,500
210 510 540 170
₱ 65,860 ₱ 65,860

Balita Stores
Check Register
Check Debits Credits
No. Date Payee Voucher no. Cash in Bank
701 1-Jan Calayag Company 600 ₱ 9,500 ₱ 190 9,310
702 3-Jan Cruz Realty 601 9,250 9,250
703 10-Jan Dorega Supplier 602 8,000 160 7,840
704 12-Jan Espiritu Bookstore 603 6,000 120 5,880
705 18-Jan Giron Freight Company 604 700 700
706 26-Jan Matias Power 607 2,560 2,560
707 28-Jan Ligeralde Business Machines 605 15,000 300 14,700
₱ 51,010 ₱ 770 ₱ 50,240
210 530 110
₱ 51, 010 ₱ 51, 010
Debit Credit

UNPAID VOUCHER
BALANCE OF VOUCHER PAYABLE
Voucher Payee Credit
No. Date Voucher Payable 210
608 28-Jan Macapagal Traders ₱ 7,000 8,500 9,000 1-Jan
609 31-Jan Burgon Wholesalers 7,350 51,010 64,360 30-Jan
₱ 14,350
₱ 14,350
Esterlina Gevera Company
Statement of Cost of Goods Manufactures
For the year ended December 31, 2022

Direct Materials Used


Raw Materials Inventory, Beginning ₱ 26,490
Add: Net Cost of Purchases:
Purchase- Raw Materials ₱ 361,920
Less: Purchase Returns and Allowances
Purchase Discounts
Net Purchases ₱ 361,920
Add: Transportation In 0
Raw Materials Available for Use ₱ 388,410
Less: Raw Materials Inventory, End 24,910 ₱ 363,500
Direct Labor ₱ 99,085
Manufacturing Overhead
Indirect Labor ₱ 126,750
Plant Supervision 42,500
Depreciation Expense- Factory Building 46,200
Depreciation Expense- Factory Equipment 62,800
Repairs and Maintenance- Factory Equipment 14,980
Factory Insurance 8,100
Factory Utilities 29,220
Manufacturing Supplies 9,460 ₱ 340,010
Total Manufacturing Costs ₱ 802,595
Add: Work in Process, Beginning 101,640
Total Cost of Goods Placed in Process ₱ 904,235
Less: Work in Process, End 100,400
COST OF GOODS MANUFACTURED ₱ 803,835
Godofredo Cadelina Corporation
Schedule of Manufacturing Overhead
For the year ended December 31,2022

Manufacturing Overhead
Indirect Labor ₱ 26,000
Amortization of Patents 16,000
Depreciation Expense- Factory Building 133,000
Depreciation Expense- Factory Equipment 78,000
Factory Insurance Expense 62,000
Factory Supervision 74,000
Factory Supplies Expense 21,000
Factory Utilities 115,000
Property Taxes- Factory Site 14,000
Repairs and Maintenance- Factory Equipment 31,000
TOTAL MANUFACTURING OVERHEAD ₱ 570,000

Manufacturing Overhead
Indirect Labor ₱ 26,000
Amortization of Patents 16,000
Depreciation Expense- Factory Building 133,000
Depreciation Expense- Factory Equipment 78,000
Factory Insurance Expense 62,000
Factory Supervision 74,000
Factory Supplies Expense 21,000
Factory Utilities 115,000
Property Taxes- Factory Site 14,000
Repairs and Maintenance- Factory Equipment 31,000
Godofredo Cadelina Corporation
Statement of Cost of Goods Manufactured
For the year ended December 31,2022

Direct Material Used:


Raw Materials Inventory, 1/1/2022 ₱ 60,000
Add: Purchases- Raw Materials 313,000
Raw Materials Available for Use ₱ 373,000
Less: Raw Materials Inventory, 12/31/22 78,000 295,000
Add: Direct Labor 250,000
Add: Manufacturing Overhead 570,000
Total Manufacturing Costs ₱ 1,115,000
Add: Work in Process Inventory, 1/1/22 8,000
Total Cost of Goods Placed in Process ₱ 1,123,000
Less: Work in Process Inventory, 12/31/22 9,000
COST OF GOODS MANUFACTURED ₱ 1,114,000
Godofredo Cadelina Corporation
Income Statement
For the year ended December 31,2022

Net Sales ₱ 1,630,000


Cost of Goods Sold
Finished Goods Inventory, 1/1/22 ₱ 15,000
Add: Cost of Goods Manufactured 1,114,000
Goods Available for Sale ₱ 1,129,000
Less: Finished Goods Inventory, 1/31/22 12,500
Cost of Goods Sold ₱ 1,116,500
Gross Profit ₱ 513,500
Operating Expenses
Advertising Expenses ₱ 85,000
Uncollectible Accounts Expense 28,000
Depreciation Expense- Office Equip. 37,000
Salaries Expense 55,000
Miscellaneous Expense 150,000
Total Operating Expense 355,000
Operating Profit ₱ 158,500
Finance Costs 25,000
Profit ₱ 133,500

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