August Account Titles Account Titles GJ #

1 Cash
Ms. Brew Capital
To record Ms. Brew's Investment. 1

2 Delivery Truck
Cash
Notes Payable
To record purchase of delivery truck. 2

2 Purchases
Accounts Payable 3
To record purchase of merchandise on account.

3 Cash
Accounts Receivable
Sales
To record sale of merchandise on cash and on account. 4

5 Supplies
Cash
To record purchase of supplies. 5

6 Cash
Loans Payable
To record availment of Bank Loan. 6

12 Cash
Accounts Receivable
Sales
To record sale of merchandise 2/3 on cash basis and 1/3 on account. 7

24 Purchases
Cash
Accounts Payable
To record purchase of merchandise 1/2 on cash basis and 1/2 on account. 8

26 Accounts Payable
Purchase Returns
To record return of merchandise purchased. 9

28 Salaries Expense
Rent Expense
Cash
To record payment of salaries and rental expense 10

Utilities Expense
Cash
 To record payment of utilities expense. 11

29 Advertising Expense
Cash
To record advertising expense paid. 12

30 Cash
Accounts Receivable
To record collection of August 5 accounts receivable. 13

Depreciation Expense
Accumulated Depreciation
To record deprciation expense for the month 14

Ms. Brew Withdrawals

Cash
To record Ms. Brew Withdrawals. 15

checking:
Acct. No. Debit Credit Theories
100 600,000 1 D
300 600,000 2 D
3 D
4 C
150 1,000,000 5 D
100 200,000 6 C
210 800,000 7 C
8 B
9 B
510 500,000 10 A
200 500,000 11 D
12 C
13 A
100 250,000 14 D
110 150,000 15 A
400 400,000 16 B
17 B
18 C
130 50,000 19 D
100 50,000 20 B
21 B
22 C
100 180,000 23 C
220 180,000 24 A
25 C

100 100,000
110 50,000
400 150,000

510 120,000
100 60,000
200 60,000

200 3,000
515 3,000

520 10,000
515 8,000
100 18,000

530 5,000
100 5,000
535 2,500
100 2,500

100 150,000
110 150,000

540 50,000
155 50,000

310 5,000
100 5,000

3,233,500 3,233,500
Account Name: Cash
Transactions
Date Particulars P.R.
Dr.
1 Ms. Brew Investment GJ 1 600,000
2 Downpayment for the Delivery Truck Purchased GJ 1
3 Sold Merchandise GJ 1 250,000
5 Purchased Supplies GJ 1
6 Proceeds of Bank Loan GJ 1 180,000
12 Sold Merchandise GJ 1 100,000
24 Purchase of Merchandise GJ 1
28 Payment of Salaries and Rental Expensse GJ 1
28 Payment of Utilities Expense GJ 1
29 Payment of Advertising Expense GJ 1
30 Collection of Accounts Receivable GJ 1 150,000
30 Ms. Brew Withdrawals GJ 1

Accountt Name: Accounts Receivable

Transactions
Date Particulars P.R.
Dr.
1 Sale of merchandise on account GJ 1 150,000
12 Sale of merchandise on account GJ 1 50,000
29 Collection of Accounts Receivable GJ 1

Accountt Name: Inventory

Transactions
Date Particulars P.R.
Dr.
31 Inventory Balance Ending 175,000

Accountt Name: Supplies

Transactions
Date Particulars P.R.
Dr.
5 Purchase of Supplies GJ 1 50,000

Accountt Name: Delivery Truck

Transactions
Date Particulars P.R.
Dr.
2 Purchase of Delivery Truck GJ 1 1,000,000
Accountt Name: Accumulated Depreciation
Transactions
Date Particulars P.R.
Dr.
30 Accumulated Depreciation for the period GJ 1
 Account No. 100
Transactions Balance
Cr. Dr. Cr.
600,000
200,000 400,000
650,000
50,000 600,000
780,000
880,000
60,000 820,000
18,000 802,000
5,000 797,000
2,500 794,500
944,500
5,000 939,500

Account No. 110

Transactions Balance
Cr. Dr. Cr.
150,000
200,000
150,000 50,000

Account No. 120

Transactions Balance
Cr. Dr. Cr.
175,000

Account No. 130

Transactions Balance
Cr. Dr. Cr.
50,000

Account No. 150

Transactions Balance
Cr. Dr. Cr.
1,000,000
 Account No. 100
Transactions Balance
Cr. Dr. Cr.
50,000 50,000
Accountt Name: Accounts Payable
Transactions
Date Particulars P.R.
Dr.
2 Purchase of merchandise on account GJ 1
24 Purchase of merchandise on account GJ 1
26 Returned Merchandise GJ 1 3,000

Accountt Name: Notes Payable

Transactions
Date Particulars P.R.
Dr.
2 Purchase of Delivery Truck GJ 1

Accountt Name: Loans Payable

Transactions
Date Particulars P.R.
Dr.
6 Proceeds of Bank Loan GJ 1

Accountt Name: Ms. Brew Capital

Transactions
Date Particulars P.R.
Dr.
1 Investment of Ms. Brew to the Business GJ 1

Accountt Name: Ms. Brew withdrawal

Transactions
Date Particulars P.R.
Dr.
30 Ms. Brew withdrawal GJ 1 5,000

Accountt Name: Sales

Transactions
Date Particulars P.R.
Dr.
3 Sale of Merchandise GJ 1
12 Sale of Merchandise GJ 1
 Account No. 200
Transactions Balance
Cr. Dr. Cr.
500,000 500,000
60,000 560,000
557,000

Account No. 210

Transactions Balance
Cr. Dr. Cr.
800,000 800,000

Account No. 220

Transactions Balance
Cr. Dr. Cr.
180,000 180,000

Account No. 100

Transactions Balance
Cr. Dr. Cr.
600,000 600,000

Account No. 100

Transactions Balance
Cr. Dr. Cr.
5,000

Account No. 400

Transactions Balance
Cr. Dr. Cr.
400,000 400,000
150,000 550,000
Accountt Name: Purchases
Transactions
Date Particulars P.R.
Dr.
2 Purchase of Merchandise GJ 1 500,000
24 Purchase of Merchandise GJ 1 120,000

Accountt Name: Purchase Returns

Transactions
Date Particulars P.R.
Dr.
26 Return of Merchandise GJ 1 3,000

Accountt Name: Salaries Expense

Transactions
Date Particulars P.R.
Dr.
28 Salaries Expense for the month GJ 1 10,000

Accountt Name: Rent Expense

Transactions
Date Particulars P.R.
Dr.
28 Rent Expense for the month GJ 1 8,000

Accountt Name: Utilities Expense

Transactions
Date Particulars P.R.
Dr.
28 Utilities Expense for the month GJ 1 5,000

Accountt Name: Advertsing Expense

Transactions
Date Particulars P.R.
Dr.
29 Advertsing Expense for the month GJ 1 2,500

Accountt Name: Depreciation Expense

Transactions
Date Particulars P.R.
Dr.
30 Depreciation Expense for the month GJ 1 50,000
 Account No. 510
Transactions Balance
Cr. Dr. Cr.
500,000
620,000

Account No. 515

Transactions Balance
Cr. Dr. Cr.
3,000

Account No. 520

Transactions Balance
Cr. Dr. Cr.
10,000

Account No. 525

Transactions Balance
Cr. Dr. Cr.
8,000

Account No. 530

Transactions Balance
Cr. Dr. Cr.
5,000

Account No. 535

Transactions Balance
Cr. Dr. Cr.
2,500

Account No. 540

Transactions Balance
Cr. Dr. Cr.
50,000
 KOPS Coffee Merchandise
Trial Balance
For the period of August 31, 2018
Account No. Account Titles Debit Credit
100 Cash 939,500
110 Accounts Receivable 50,000
130 Supplies 50,000
150 Delivery Truck 1,000,000
155 Accumulated Depreciation 50,000
200 Accounts Payable 557,000
210 Notes Payable 800,000
220 Loans Payable 180,000
300 Ms. Brew Capital 600,000
310 Ms. Brew Withdrawals 5,000
400 Sales 550,000
510 Purchases 620,000
515 Purchase Returns 3,000
520 Salaries Expense 10,000
525 Rent Expense 8,000
530 Utilities Expense 5,000
535 Advertising Expense 2,500
540 Depreciation Expense 50,000
Balance 2,740,000 2,740,000
*Currency: Php
 KOPS Coffee Merchandise
Statement of Financial Performance
For the period of August 31, 2018

Sales 550,000
Less: Cost of Sales
Purchases 620,000
Purchases Returns (3,000)
Inventory (175,000) 442,000
Gross Profit 108,000
Less: Operating Expenses
Salaries Expense 10,000
Rent Expense 8,000
Utilities Expense 5,000
Advertising Expense 2,500
Depreciation Expense 50,000 75,500
Net Income 32,500

*Currency: Php

KOPS Coffee Merchandise

Statement of Changes in Owner's Equity
For the period of August 31, 2018

Beginning Capi 600,000

Add: Net Income 32,500
Less: Owner's Withdrawal 5,000
Ending Capital Balance 627,500

*Currency: Php
 KOPS Coffee Merchandise
Statement of Financial Position
For the period of August 31, 2018
Assest Liabilities and Owner's Equity
Current Assests Liabilities
Cash 939,500 Current Liability
Accounts Receivable 50,000 Accounts Payable
Inventory 175,000 Notes Payable
Supplies 50,000 Total Current Liability
Total Current Assest 1,214,500
Non-Current Liability
Non-Current Assets Loans Payable
Delivery Truck 1,000,000 Total Non-Current Liability
Accumulated Depreciation (50,000) Total Liabilities
Total Non-Current Assest 950,000
Ms. Brew Capital
Total Assets 2,164,500 Total Liabilities and Owner's Equity

*Currency: Php
 557,000
800,000
1,357,000

180,000
180,000
1,537,000

627,500
2,164,500