Mariano Lerin Bookstore

Chart of Acconts
For the Year Ended December 31, 2019

Mariano Account Code

Lerin
Bookstore Asset 110
Chart 120
of 130
Acconts 140
150
160
170
175
December 180
3 185
1 210
2 220
0 230
1 310
9 320
330
Post 410
Closing 420
Trial 430
Balance 510
520
General 530
Journal 540
Cash 610
Receipts 620
Sale 630
Disbursement 640
Purchase 650
General 660
Ledger 670
680
Work 690
Sheet
Income
Statement
Statement of
Changes in
Equity
Comprehensive Income
 Mariano Lerin Bookstore
Chart of Acconts
For the Year Ended December 31, 2019

Account Name Accounts Type Financial Statement

Cash Asset Balance Sheet

Accounts Receivable Asset Balance Sheet
Merchandise Inventory Asset Balance Sheet
Supplies Asset Balance Sheet
Prepaid Insurance Asset Balance Sheet
Land Asset Balance Sheet
Building Asset Balance Sheet
Accumulated Depreciation - Building Asset Balance Sheet
Equipment Asset Balance Sheet
Accumulated Depreciation - Equipment Asset Balance Sheet
Accounts Payable Liability Balance Sheet
Salaries Payable Liability Balance Sheet
Mortgage Payable Liability Balance Sheet
Lerin, Capital Equity Balance Sheet
Lerin, Withdrawals Equity Balance Sheet
Income Summary Income Statement
Sales Income Statement
Sales Return and Allowances Income Statement
Sales Discount Income Statement
Puchases Income Statement
Purchases Returns and Allowances Income Statement
Purchase Discounts Income Statement
Transportation In Income Statement
Salaries Expense Income Statement
Supplies Expense Income Statement
Insurance Expense Income Statement
Depreciation Expense - Building Income Statement
Depreciation Expense - Equipment Income Statement
Transportation Out Income Statement
Advertising Expense Income Statement
Interest Expense Income Statement
Miscellaneous Expense Income Statement
 Mariano Lerin Bookstore
General Journal
For the Year Ended December 31,
Posting
Date invoice Account
Sunday, February 10, 2019 ref
no. code 420
120

Tuesday, February 26, 2019 420

120

Thursday, February 28, 2019 210

520

Tuesday, December 31, 2019 610

220

Tuesday, December 31, 2019 630

150

Tuesday, December 31, 2019 640

650
175
185

Tuesday, December 31, 2019 620

140
 Mariano Lerin Bookstore
General Journal
For the Year Ended December 31, 2019
Account Name Amount
Debit Credit Debit
Sales Return and Allowances 70000
Accounts Receivable

Sales Return and Allowances 71000

Accounts Receivable

Accounts Payable 25000

Purchases Returns and Allowances

Salaries Expense 51000

Salaries Payable

Insurance Expense 2000

Prepaid Insurance Prepaid Insurance

Depreciation Expense - Building 9000

Depreciation Expense - Equipment 12000
Accumulated Depreciation - Building
Accumulated Depreciation - Equipment

Supplies Expense 58000

Supplies
Amount
Credit

70000

71000

25000

51000 h

2000

9000
12000

58000
 Mariano Lerin Book
Cash Receipts Jour
For the Year Ended December 31 2019
Debit
Posting Invoice Number
Date Cash
Reference Or Number
110
Friday, February 01, 2019 Allan's Bookstore 113000
Thursday, February 07, 2019 Walked-In 250000
Tuesday, February 12, 2019 Detoya Book Shop 196000
Saturday, February 23, 2019 Recolectos 384,160

TOTAL 943160
 Mariano Lerin Bookstore
Cash Receipts Journal
ded December 31 2019
Debit Credit
Accounts Receivable
Sales Discount Sales Other Account

430 120 410

113000
250000
4000 200,000
7840 392000

11840 955000
 DEBIT
Accounts Payable
210
Saturday, February 02, 2019 Chiasmus Bookstore 64000
Thursday, February 07, 2019 Advertising Expense
Friday, February 08, 2019 Montecarlos Publisher 170000
Saturday, February 09, 2019 Pewee Express
Thursday, February 14, 2019 Interest Expense
Friday, February 15, 2019 Employee
Monday, February 18, 2019 Pewee Express
Tuesday, February 19, 2019 Blitz Enterprise
Friday, February 22, 2019 Miscellaneous Expense
Sunday, February 24, 2019 Pewee Express
Thursday, February 28, 2019 Lerin, Withdrawal
TOTAL 234000
 Mariano Lerin Bookstore
For the Year Ended December 31 2019
Cash Disbursement Journal
DEBIT
Advertising Expense Miscellaneous Expense Interest Expense Salaries Expense Supplies
670 690 680 610 140

6000

26000
51000

21000
7000

6000 7000 26000 51000 21000

 CREDIT
Lerin, Withdrawals Transportation Out Transportation In Purchase Discounts Cash
320 660 540 530 110
1920 62080
6000
5100 164900
4000 4000
26,000.00
51000
4000 4000
21000
7000
9000 9000
400000 400000
400000 4000 13000 7020 754980
 Mariano Lerin Bookstore
For the Year Ended December 31 2019
Sale Journal

Date Account Debited Invoice Number Terms

Tuesday, February 05, 2019 Detoya Books Shop 2/10,n/30

Thursday, February 07, 2019 Juanito Alfonso 3/10, n/30
Saturday, February 16, 2019 Ronzales Bookstore 1/10,n/30
Monday, February 25, 2019 Ronzales Bookstore 1/10, n/30
Thursday, February 28, 2019 Katrina Bookstore 2/10, n/30
Thursday, February 28, 2019 Fina Fidel 3/10,n/30
TOTAL
er 31 2019

DEBIT CREDIT
Accounts Receivable Sales

120 410
270000 270000
250000 250000
392000 392000
420000 420000
100000 100000
50000 50000
1482000 1482000
 Mariano Lerin Bookstore
For the Year Ended December 31 2
Purchase Journal

Date Supplier's Account Credited Invoice Date Payment Term

Monday, February 04, 2019 Diagao Publisher 2/10,n/30

Wednesday, February 20, 2019 Made Easy Bookstore 2/10, n/30
Sunday, February 24, 2019 Agustin Publisher 2/10,30/n
TOTAL
 Mariano Lerin Bookstore
r the Year Ended December 31 2019
Purchase Journal
DEBIT CREDIT
Supplies Puchases Accounts Payable Transportation In

140 510 210 540

170000 170000
125000 125000
373000 373000
668000 668000
 Mariano Lerin Bookstore
For the Year Ended December 31 2019
General Ledger
Cash
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 33000
Tuesday, December 31, 2019 Cash Receipts Balance 943160
TOTAL 976160
221,180

Accounts Receivable
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 192000
Tuesday, December 31, 2019 Sale Journal Balance 1482000
TOTAL 1674000
578000

Merchandise Inventory
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 413000
413000

Supplies
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 51000
Tuesday, December 31, 2019 Cash Disbursement Balance 21000
72000
72,000.00

Prepaid Insurance
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 48000
48000

Land
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 460000
460000

Building
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 1750000
1750000
 Accumulated Depreciation - Building
Date Particulars Amount Debited

Equipment Equipment
Date Particulars Amount Debited
Tuesday, January 01, 2019 Beg.Balance 2310000
2310000

Accumulated Depreciation - Equipment

Date Particulars Amount Debited

Accounts Payable
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 234,000.00
Tuesday, December 31, 2019 General Journal 25000
259,000.00

Salaries Payable
Date Particulars Amount Debited

Mortgage Payable
Date Particulars Amount Debited

Lerin, Capital
Date Particulars Amount Debited

Lerin, Withdrawals
Date Particulars Amount Debited
Thursday, February 28, 2019 Lerin, Withdrawals 400000
400000
 Income Summary
Date Particulars Amount Debited
0.00

Sales
Date Particulars Amount Debited

Sales Return and Allowances

Date Particulars Amount Debited
Tuesday, December 31, 2019 General Journal 141,000.00
141000

Sales Discount
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Receipts Balance 11,840.00
11,840.00

Puchases
Date Particulars Amount Debited
Tuesday, December 31, 2019 Purchase Journal 668,000.00
668,000.00

Purchases Returns and Allowances

Date Particulars Amount Debited

Purchase Discounts
Date Particulars Amount Debited

Transportation In
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 13,000.00
13,000.00

Salaries Expense
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 51000
 51000

Supplies Expense
Date Particulars Amount Debited
0

Insurance Expense
Date Particulars Amount Debited
0

Depreciation Expense - Building

Date Particulars Amount Debited
0

Depreciation Expense - Equipment

Date Particulars Amount Debited
0

Transportation Out
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 4,000.00
4,000.00

Advertising Expense
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 6,000.00
6,000.00

Interest Expense
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 26,000.00
26,000.00

Miscellaneous Expense
Date Particulars Amount Debited
Tuesday, December 31, 2019 Cash Disbursement Balance 7,000.00
7,000.00
Date Particulars Amount Credited
Tuesday, December 31, 2019 Cash Disbursement Balance 754980

754980

Date Particulars Amount Credited

Tuesday, December 31, 2019 Cash Receipts Balance 955000
Tuesday, December 31, 2019 General Journal 141000
1096000

Date Particulars Amount Credited

Date Particulars Amount Credited

Date Particulars Amount Credited

Date Particulars Amount Credited

Date Particulars Amount Credited

ted Depreciation - Building
Date Particulars Amount Credited
Tuesday, January 01, 2019 Beg.Balance 350,000.00
350,000.00

Date Particulars Amount Credited

ted Depreciation - Equipment

Date Particulars Amount Credited
Tuesday, January 01, 2019 Beg.Balance 630,000.00
630,000.00

Date Particulars Amount Credited

Tuesday, January 01, 2019 Beg.Balance 108,000.00
Tuesday, December 31, 2019 Purchase Journal 668,000.00
776,000.00
517,000.00

Date Particulars Amount Credited

Tuesday, January 01, 2019 Beg.Balance 0.00
0.00

Date Particulars Amount Credited

Tuesday, January 01, 2019 Beg.Balance 2,600,000.00
2,600,000.00

Date Particulars Amount Credited

Tuesday, January 01, 2019 Beg.Balance 1,569,000.00
1,569,000.00

Date Particulars Amount Credited

 Date Particulars Amount Credited
0.00

Date Particulars Amount Credited

Tuesday, December 31, 2019 Sale Journal Balance 1,482,000.00
1,482,000.00

rn and Allowances
Date Particulars Amount Credited

Date Particulars Amount Credited

0.00

Date Particulars Amount Credited

0.00

Returns and Allowances

Date Particulars Amount Credited
Tuesday, December 31, 2019 General Journal 25,000.00
25,000.00

Date Particulars Amount Credited

Tuesday, December 31, 2019 Cash Disbursement Balance 7,020.00
7,020.00

Date Particulars Amount Credited

0.00

Date Particulars Amount Credited

0.00
 Date Particulars Amount Credited
0.00

Date Particulars Amount Credited

0.00

on Expense - Building
Date Particulars Amount Credited
0.00

on Expense - Equipment
Date Particulars Amount Credited
0.00

Date Particulars Amount Credited

0.00

Date Particulars Amount Credited

0.00

Date Particulars Amount Credited

0.00

eous Expense
Date Particulars Amount Credited
0.00
Accounts Receivable

NAME: Detoya Books Shop

Date Particulars Amount DebAmount CredBalance
43501 270000

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance
ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance
ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME
NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance

ACCOUNT NAME

NAME:
Date Particulars Amount DebAmount CredBalance
 Mariano Lerin Bookstore
Post Closing Trial Balance
For the Year Ended December 31, 2019

Account Code Account Name Amount

Debit Credit
110 Cash 221,180
120 Accounts Receivable 578000
130 Merchandise Inventory 413000
140 Supplies 72,000.00
150 Prepaid Insurance 48,000.00
160 Land 460000
170 Building 1750000
175 Accumulated Depreciation - Building 350,000.00
180 Equipment 2310000
185 Accumulated Depreciation - Equipment 630,000.00
210 Accounts Payable 517,000.00
220 Salaries Payable
230 Mortgage Payable 2,600,000.00
310 Lerin, Capital 1,569,000.00
320 Lerin, Withdrawals 400000
330 Income Summary
410 Sales 1,482,000.00
420 Sales Return and Allowances 141000
430 Sales Discount 11,840.00
510 Puchases 668,000.00
520 Purchases Returns and Allowances 25,000.00
530 Purchase Discounts 7,020.00
540 Transportation In 13,000.00
610 Salaries Expense 51000
620 Supplies Expense
630 Insurance Expense
640 Depreciation Expense - Building
650 Depreciation Expense - Equipment
660 Transportation Out 4,000.00
670 Advertising Expense 6,000.00
680 Interest Expense 26,000.00
690 Miscellaneous Expense 7,000.00
Total 7,180,020 7180020
 Mariano Lerin Bookstore
Work Sheet
December 31 2019
Unadjusted Trial Balance Adjustments
Account Title DEBIT CREDIT DEBIT
110 Cash 221,180
120 Accounts Receivable 578000
130 Merchandise Inventory 413000
140 Supplies 72,000.00
150 Prepaid Insurance 48,000.00
160 Land 460000
170 Building 1750000
175 Accumulated Depreciation - Building 350,000.00
180 Equipment 2310000
185 Accumulated Depreciation - Equipment 630,000.00
210 Accounts Payable 517,000.00
220 Salaries Payable
230 Mortgage Payable 2,600,000.00
310 Lerin, Capital 1,569,000.00
320 Lerin, Withdrawals 400000
330 Income Summary
410 Sales 1,482,000.00
420 Sales Return and Allowances 141000
430 Sales Discount 11,840.00
510 Puchases 668,000.00
520 Purchases Returns and Allowances 25,000.00
530 Purchase Discounts 7,020.00
540 Transportation In 13,000.00
610 Salaries Expense 51000 a
620 Supplies Expense d
630 Insurance Expense b
640 Depreciation Expense - Building c
650 Depreciation Expense - Equipment c
660 Transportation Out 4,000.00
670 Advertising Expense 6,000.00
680 Interest Expense 26,000.00
690 Miscellaneous Expense 7,000.00
TOTAL
NET INCOME
TOTAL
o Lerin Bookstore
Work Sheet
ember 31 2019
Adjustments Adjusted Trial Balance Income Statement
DEBIT CREDIT DEBIT CREDIT DEBIT CREDIT
221,180
578,000
413,000 413,000 397,000
d 58,000 14,000
b 2,000 46,000
460,000
1,750,000
c 9,000 359,000
2,310,000
c 12,000 642,000
517,000
a 51,000 51,000
2,600,000
1,569,000
400,000

1,482,000
141,000 141,000
11,840 11,840
668,000 668,000
25,000 25,000
7,020 7,020
13,000 13,000
51,000 102,000 102,000
58,000 58,000 58,000
2,000 2,000 2,000
9,000 9,000 9,000
12,000 12,000 12,000
4,000 4,000
6,000 6,000
26,000 26,000
7,000 7,000
132,000 132,000 1,472,840 1,911,020
438,180
1,911,020 1,911,020
 Balance Sheet
DEBIT CREDIT
221,180
578,000
397,000
14,000
46,000
460,000
1,750,000
359,000
2,310,000
642,000
517,000
51,000
2,600,000
1,569,000
400,000

6,176,180 5,738,000
438,180
6,176,180 6,176,180
 Mariano Lerin Bookstore
Income Statement
For the Year Ended December 31 2019

410 Sales
Less:
420 Sales Return and Allowances
430 Sales Discount
Net Sale
Cost of Sales
130 Merchandise Inventory
510 Puchases 668,000
Less:
520 Purchases Returns and Allowances 25,000
530 Purchase Discounts 7,020 32,020
Net Purchases 635,980
540 Transportation In 13,000
Total Goods Available for Sale
130 Merchandise Inventory
Gross Profit
Operating Expenses
Selling Expenses
660 Transportation Out 4,000
670 Advertising Expense 6,000
Total Selling Expenses
Administrative Expenses
610 Salaries Expense 102,000
620 Supplies Expense 58,000
630 Insurance Expense 2,000
640 Depreciation Expense - Building 9,000
650 Depreciation Expense - Equipment 12,000
Total Administrative Expenses
Total Operating Expenses
Operating Profit
Other Expenses
680 Interest Expense
690 Miscellaneous Expense
NET INCOME
 1,482,000

141,000
11,840 152,840
1,329,160

413,000

648,980
1,061,980
397,000 664,980
664,180

10,000

183,000
193,000
471,180

26,000
7,000 33,000
438,180
 Mariano Lerin Bookstore

Cash flow from Operating Activities

Inflows
Collection
Refund
Sold Merchandise
Total Inflows
Outflows
Bought Equipment
Bought Supplies
Paid Freight (200+700)
Paid Supplier- Downtown
Bought Merchandise (14,400+12,300)
Paid Salaries
Paid Supplier-MASDA
Withdrawal
Paid Refund
Following Expenses
Total Outflows
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Loan from Bank
G-12, Capital
Cash Increase (Decrease)
 Mariano Lerin Bookstore
Statement of Changes in Equity
For the Year Ended December 31 2019

310 Lerin, Capital 1,569,000

Add:
Profit 438,180
Total: 2,007,180
Less:
320 Lerin, Withdrawals 400,000
1,607,180
 Mariano Lerin Bookstore
Balance Sheet
As of December 31 2019

Asset
Current Asset
110 Cash 221,180
120 Accounts Receivable 578,000
130 Merchandise Inventory 397,000
140 Supplies 14,000
150 Prepaid Insurance 46,000
Total Current Asset
Non Current Asset:
160 Land 460,000
170 Building 1,750,000
175 Accumulated Depreciation - Building 359,000 1,391,000
180 Equipment 2,310,000
185 Accumulated Depreciation - Equipment 642,000 1,668,000
Total Non Current Asset:
Total Asset

Liabilities and Equity

Liabilities
Current Liabilities
210 Accounts Payable 517,000
220 Salaries Payable 51,000
Total Current
Non Current
230 Mortgage Payable 2,600,000
Total Liabilities
Equity
310 Lerin, Capital
Total Liabilities and Equity
Lerin Bookstore

ember 31 2019

1,256,180

3,519,000
4,775,180

568,000

2,600,000
3,168,000

1,607,180