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    Trial Balance March 31, 2012 Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Office Supplies Store Supplies Store Equipment Accounts Payable Dawn Zalueta, Capital Sales Sales Returns and Allowances Sales Discounts Purchases Purchase Returns Allowances Purchase Discounts Advertising Expense Salaries Expense Office Supplies Expense Store Supplies Accum. Depreciation - Store Equip.

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    Trial Balance March 31, 2012 Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Office Supplies Store Supplies Store Equipment Accounts Payable Dawn Zalueta, Capital Sales Sales Returns and Allowances Sales Discounts Purchases Purchase Returns Allowances Purchase Discounts Advertising Expense Salaries Expense Office Supplies Expense Store Supplies Accum. Depreciation - Store Equip.

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    13 views25 pages

    Project No 3 Answer Sheets

    Uploaded by

    jii
    Trial Balance March 31, 2012 Cash Accounts Receivable Allowance for Bad Debts Merchandise Inventory Office Supplies Store Supplies Store Equipment Accounts Payable Dawn Zalueta, Capital Sales Sales Returns and Allowances Sales Discounts Purchases Purchase Returns Allowances Purchase Discounts Advertising Expense Salaries Expense Office Supplies Expense Store Supplies Accum. Depreciation - Store Equip.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 25

    SALES JOURNAL

    Date

    Invoice
    No.

    Customer

    PURCHASES JOURNAL

    Date

    Supplier

    Terms

    SALES JOURNAL

    Accounts Receivable - DR
    Sales - CR

    PURCHASES JOURNAL
    Purchases - DR
    Accounts Payable - CR

    CASH RECEIPTS JOURNAL


    Debit

    Date

    Received From

    Cash

    Sales
    Discounts

    Credit

    Sales

    Accounts
    Receivable

    S U N D R Y

    Other Accounts

    CASH PAYMENTS JOURNAL


    Debit
    Date

    Payee

    Check no.

    Purchases

    Accounts
    Payable

    Credit
    Cash

    Purchase Discounts

    CASH RECEIPTS JOURNAL


    S U N D R Y

    Debit

    Credit

    CASH PAYMENTS JOURNAL


    S U N D R Y
    Other Accounts

    Debit

    Credit

    GENERAL JOURNAL
    Date

    Particulars

    GJ1

    GJ1
    Debit

    Credit

    ASSETS
    Cash

    Accounts Receivable

    Merchandise Inventory

    Office Supplies

    Store Equipment

    Allowance for Bad Deb

    Store Supplies

    Accum. Depreciation - Store Equip.

    LIABILITIES
    Accounts Payable
    -

    OWNER'S EQUITY
    Dawn Zalueta, Capital

    Income Summary

    Sales

    Sales Discounts

    REVENUE

    Sales Returns and Allowan

    COST OF SALES
    Purchases

    Purchase Discounts

    Purchase Return and Allow

    EXPENSES
    Advertising Expense

    Salaries Expense

    Office Supplies Expense

    Store Supplies Expense

    Depreciation Expense-Store Equip

    Bad Debts Expense

    nce for Bad Debts

    ore Supplies

    Store Equip.

    ns and Allowances
    -

    eturn and Allowances

    xpense-Store Equip.

    Debts Expense

    Zalueta Trading
    Trial Balance
    March 31, 2012

    Cash
    Accounts Receivable
    Allowance for Bad Debts
    Merchandise Inventory
    Office Supplies
    Store Supplies
    Store Equipment
    Accounts Payable
    Dawn Zalueta, Capital
    Sales
    Sales Returns and Allowances
    Sales Discounts
    Purchases
    Purchase Returns and Allowances
    Purchase Discounts
    Advertising Expense
    Salaries Expense

    TOTAL
    -

    Account Titles

    Trial Balance
    Dr

    Cash
    Accounts Receivable
    Allowance for Bad Debts
    Merchandise Inventory
    Office Supplies
    Store Supplies
    Store Equipment
    Accounts Payable
    Dawn Zalueta, Capital
    Sales
    Sales Returns and Allowances
    Sales Discounts
    Purchases
    Purchase Returns and Allowances
    Purchase Discounts
    Advertising Expense
    Salaries Expense
    TOTAL

    Adjustments
    Cr

    Dr

    Adjusted Trial Balance


    Cr

    Dr

    Cr

    Income Stateme
    Dr

    Income Statement
    Cr

    Balance Sheet
    Dr

    Cr

    Zalueta Trading
    Income Statement
    For the month ended March 31, 2012
    Sales
    Less: Sales Returns and Allowances
    Sales Discounts
    Net Sales
    Less: Cost of Goods Sold (see note 1)
    Gross Profit
    Less: Operating Expenses
    Selling Expenses:
    Advertising
    Salaries
    Depreciation
    Store Supplies
    Administrative Expenses
    Office Supplies
    Bad Debts
    Net Income
    Note 1: Cost of Goods Sold
    Mechandise Inventory, 3/1/2012
    Add: Net Purchases
    Purchases
    Purchases Returns and Allowances
    Purchase Discounts
    Cost of Goods Available for Sale
    Less: Mechandise Inventory, 3/31/2012
    Cost of Goods Sold

    Zalueta Trading
    Statement of Owner's Equity
    For the month ended March 31, 2012
    Dawn Zalueta, Capital, 3/1/2012
    Add: Net Income
    Dawn Zalueta, Capital, 3/31/2012

    Zalueta Trading
    Statement of Financial Position
    As of March 31, 2012
    Assets
    Cash
    Accounts Receivable
    Allowance for Bad Debts
    Merchandise Inventory
    Office Supplies
    Store Supplies
    Store Equipment
    Accumulated Depreciation-Store Equipment
    Total Assets
    Liabilities & Owners Equity
    Accounts Payable
    Dawn Zalueta, Capital, 3/31/2012

    Total Liabilities and Owner's Equity

    Zalueta Trading
    Post Closing Trial Balance
    As of March 31, 2012
    Cash
    Accounts Receivable
    Allowance for Bad Debts
    Merchandise Inventory
    Office Supplies
    Store Supplies
    Store Equipment
    Accumulated Depreciation-Store Equipment
    Accounts Payable
    Dawn Zalueta, Capital
    Total

    Zalueta Trading
    Post Closing Trial Balance
    As of March 31, 2012

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