THUNDERBIRD TRUCKING SERVICES

GENERAL JOURNAL
DATE PARTICULARS PR DEBIT
Dec 31 Depreciation Expense - Building 1,250.00
Accumulated depreciation - Building

31 Depreciation Expense - Trucks 10,625.00

Accumulated Depreciation - Trucks

31 Depreciation Expense - Furniture & Fixtures 387.50

Accumulated Depreciation - Furniture & Fixtures

31 Depreciation Expense - Office Equipment 1,075.00

Accumulated Depreciation - Office Equipment

31 Office Supplies Expense 4,820.00

Office Supplies

31 Insurance Expense 1,140.00

Prepaid Insurance

31 Fuel & Lubricants 1,500.00

Accounts Payable

31 Utilities Expense 4,895.00

Utilities Payable

31 Salaries Expense 5,850.00

Salaries Payable

31 Interest Expense 6,550.00

Interest Payable

31 SSS, PhilHealth & Pag-IBIG Fund Contribution 6,500.00

SSS, PhilHealth & Pag-IBIG Fund Payable

31 Service Revenue 154,966.86

Salaries Expense
Repair & Maintenance Expense
Fuel & Lubricants
Utilities Expense
Office supplies Expense
Miscellaneous Expense
Depreciation Expense - Building
Depreciation Expense - Trucks
 Depreciation Expense - Office Equipment
Depreciation Expense - Furniture & Fixtures
Insurance Expense
Interest Expense
SSS, PhilHealth & Pag-IBIG Fund Contribution
Income Summary

31 Income Summary 17,485.16

Anton Agoncillo, Capital
Bobby Bernardo, Capital
Carlos Campos, Capital

31 Anton Agoncillo, Capital 5,000.00

Bobby Bernardo, Capital 5,000.00
Carlos Campos, Capital 5,000.00
Anton Agoncillo, Drawing
Bobby Bernardo, Drawing
Carlos Campos, Drawing

31 Carlos Campos, Capital 280,630.03

Anton Agoncillo, Capital
Bobby Bernardo, Capital
 DEBIT CREDIT
1,250.00
1,250.00

10,625.00
10,625.00

387.50
387.50

1,075.00
1,075.00

4,820.00
4,820.00

1,140.00
1,140.00

1,500.00
1,500.00

4,895.00
4,895.00

5,850.00
5,850.00

6,550.00
6,550.00

6,500.00
6,500.00

154,966.86
86,500.00
1,960.00
9,500.00
5,550.20
5,548.00
896.00
1,250.00
10,625.00
 1,075.00
387.50
1,140.00
6,550.00
6,500.00
17,485.16

17,485.16
5,828.39
5,828.39
5,828.38

5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00

280,630.03
140,315.02
140,315.01
 THUNDERBIRD TRUCKING SERVICES
SERVICE REVENUE JOURNAL
Service Revenue
Date Invoice No. Accounts Debited PR
Credit
Dec 2 1050 Sweet Tooth Bakeshop 5,500.00
2 1051 Soulmate Marketing 6,000.00
2 1052 Ace Supplies 5,000.00
5 1053 Bestfriends Bakery 5,000.00
12 1054 Bestfriends Bakery 5,000.00
19 1055 Bestfriends Bakery 5,000.00
24 1056 Sweet Tooth Bakeshop 6,500.00
24 1057 Soulmate Marketing 6,500.00
24 1058 Ace Supplies 5,500.00
26 1059 Bestfriends Bakery 5,000.00
55,000.00
CES

Service Revenue
Output Tax Credit A/R Debit
Credit
5,500.00 660.00 6,160.00
6,000.00 720.00 6,720.00
5,000.00 600.00 5,600.00
5,000.00 600.00 5,600.00
5,000.00 600.00 5,600.00
5,000.00 600.00 5,600.00
6,500.00 780.00 7,280.00
6,500.00 780.00 7,280.00
5,500.00 660.00 6,160.00
5,000.00 600.00 5,600.00
55,000.00 13200.00 61,600.00
 THUNDERBIRD TRUCKING SERVICES
PETTY CASH BOOK
Date PCV # Accounts Debited Amount
Dec 9 101 Repairs & Maintenance Expense 1,750.00
15 102 Miscellaneous Expense 800.00
18 103 Office Supplies Expense 650.00
22 104 Utilities Expense - Maynilad 585.00
3,785.00
Output Tax Total
210.00 1,960.00
96.00 896.00
78.00 728.00
70.20 655.20
454.20 4,239.20
 THUNDERBIRD TRUCKING SERVICES
CASH RECEIPTS JOURNAL
Date OR No. Invoice No. Accounts Credited
Dec 3 1101 COD New Wholesale Store
3 1102 COD Arman's Clothing Textile, Inc.
3 1103 COD Shoeland Store
3 1104 1049 Bestfriends Bakery
4 1105 1047 Soulmate Marketing
4 1106 1046 Sweet Tooth Bakeshop
4 1107 1048 Ace Supplies
8 1108 COD Frederick Feng
9 1109 COD Eduardo Santos
10 1110 1053 Bestfriends Bakery
11 1111 1050 Sweet Tooth Bakeshop
11 1112 1052 Ace Supplies
11 1113 1051 Soulmate Marketing
15 1114 COD Rosario Mendez
16 1115 COD Mercy Flower Shop
16 1116 COD UK RTW
17 1117 1054 Bestfriends Bakery
17 1118 COD Frederick Feng
22 1119 COD Ramon Lecumberri
23 1120 COD Corono Supplies, Inc.
23 1121 COD Automatic Marketing Center
24 1122 1055 Bestfriends Bakery
29 1123 COD Frederick Feng
30 1124 COD Mercy Flower Shop
30 1125 COD UK RTW
30 1126 COD Shoeland Store
31 1127 COD Frederick Feng
RBIRD TRUCKING SERVICES
H RECEIPTS JOURNAL
Service Revenue
PR A/R Credit Output Tax Credit Cash Debit
Credit
5,000.00 600.00 5,600.00
4,000.00 480.00 4,480.00
4,500.00 540.00 5,040.00
3,360.00 3,360.00
6,720.00 6,720.00
6,160.00 6,160.00
5,600.00 5,600.00
6,000.00 720.00 6,720.00
4,466.86 536.02 5,002.88
5,600.00 5,600.00
6,160.00 6,160.00
5,600.00 5,600.00
6,720.00 6,720.00
6,500.00 780.00 7,280.00
5,000.00 600.00 5,600.00
6,500.00 780.00 7,280.00
5,600.00 5,600.00
7,500.00 900.00 8,400.00
8,500.00 1,020.00 9,520.00
5,500.00 660.00 6,160.00
6,000.00 720.00 6,720.00
5,600.00 5,600.00
8,000.00 960.00 8,960.00
5,500.00 660.00 6,160.00
4,500.00 540.00 5,040.00
5,500.00 660.00 6,160.00
7,000.00 840.00 7,840.00
57,120.00 99,966.86 11,996.02 169,082.88
 THUNDERBIR
CASH DISB
Date CV No. Check No. Accounts Debited PR
Dec 1 501 433101 Trucks
2 502 433102 Accounts Payable - PETROIL
2 503 433103 Petty Cash fund
5 504 433104 Office Supplies
5 505 433105 Payroll
5 506 433106 Social Security System
5 507 433107 PhilHealth
5 508 433108 HDMF / Pag-IBIG
8 509 433109 Utilities Payable - Meralco
10 510 433110 BIR
12 511 433111 Payroll
15 512 433112 Payroll
15 513 433113 Utilities Payable - PLDT
16 514 433114 PETROIL
16 515 433115 Office Equipment
18 516 433116 Anton Agoncillo, Drawing
18 517 433117 Bobby Betnardo, Drawing
18 518 433118 Carlos Campos, Drawing
19 519 433119 Payroll
26 520 433120 Payroll
29 521 433121 PETROIL
30 522 433122 Payroll
Repairs & Maintenance Expense
Miscellaneous Expense
31 523 433123
Office Supplies Expense
Utilities Expense - Maynilad
THUNDERBIRD TRUCKING SERVICES
CASH DISBURSEMENT JOURNAL
Sundry Debit Fuel & Lubricant Salaries Expense SSS, PH, Pag-IBIG
Input Tax Debit
(Credit) Debit Debit Credit
270,000.00 32,400.00
2,000.00
2,000.00
3,500.00 420.00
9,750.00 487.50
(5,280.00)
(2,560.00)
(1,310.00)
3,200.00

9,750.00 487.50
20,825.00 1,554.15
2,114.25
480.00 4,000.00
45,000.00 5,400.00
5,000.00
5,000.00
5,000.00
9,750.00 487.50
9,750.00 487.50
480.00 4,000.00
20,825.00 1,554.15
1,960.00
896.00
728.00
655.20
347,053.45 39,180.00 8,000.00 80,650.00 -4,091.70
Withholding Tax Notes Payable
Cash Credit
Payable Credit Credit
220,000.00 82,400.00
2,000.00
2,000.00
3,920.00
1,950.00 7,312.50
5,280.00
2,560.00
1,310.00
3,200.00
(9,365.75) 9,365.75
1,950.00 7,312.50
1,682.78 17,588.07
2,114.25
4,480.00
35,000.00 15,400.00
5,000.00
5,000.00
5,000.00
1,950.00 7,312.50
1,950.00 7,312.50
4,480.00
1,682.78 17,588.07

4,239.20

1,799.81 255,000.00 222,175.34

 THUNDERBIRD

Account CASH 101

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 CRJ 169,082.88
31 CDJ 222,175.34

Account ACCOUNTS RECEIVABLE 103

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 SRJ 61,600.00
31 CRJ 57,120.00

Account INPUT TAX 103.1

Date Item PR Debit Credit
Dec 31 CDJ

Account LAND 106

Date Item PR Debit Credit
Dec 1 Beg. Bal.

Account BUILDING 107

Date Item PR Debit Credit
Dec 1 Beg. Bal.

Account TRUCKS 109

Date Item PR Debit Credit
Dec 1 Beg. Bal.
 1 CDJ 270,000.00

Account OFFICE EQUIPMENT 111

Date Item PR Debit Credit
Dec 1 Beg. Bal.
16 CDJ 45,000.00

Account FURNITURE & FIXTURES 113

Date Item PR Debit Credit
Dec 1 Beg. Bal.

Account ACCOUNTS PAYABLE 201

Date Item PR Debit Credit
Dec 1 Beg. Bal.
1 CDJ 2,000.00

Account SSS, PhilHealth & Pag-IBIG FUND PAYABLE 203

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 CDJ 4,091.70

Account UTILITIES PAYABLE 205

Date Item PR Debit Credit
Dec 1 Beg. Bal.
8 CDJ 3,200.00
15 CDJ 2,114.25
 Account INTEREST PAYABLE 207
Date Item PR Debit Credit

Account OUTPUT TAX 208.1

Date Item PR Debit Credit
Dec 31 CRJ
31 SRJ 6,600.00

Account ANTON AGONCILLO, CAPITAL 301

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 GJ 5,828.39
31 GJ 5,000.00

Account BOBBY BERNARDO, CAPITAL 303

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 GJ 5,828.39
31 GJ 5,000.00

Account CARLOS CAMPOS, CAPITAL 305

Date Item PR Debit Credit
Dec 1 Beg. Bal.
31 GJ 5,828.38
31 GJ 5,000.00

Account INCOME SUMMARY 307

Date Item PR Debit Credit
Dec 31 GJ
31 GJ 137,481.70
 Account SALARIES EXPENSE 501
Date Item PR Debit Credit
Dec 31 CDJ

Account SSS, PhilHealth & Pag-IBIG FUND CONTRIBUTION 503

Date Item PR Debit Credit

Account FUEL & LUBRICANTS 505

Date Item PR Debit Credit
Dec 31 CDJ

Account UTILITIES EXPENSE 507

Date Item PR Debit Credit
Dec 22 PCB

Account DEPRECIATION EXPENSE - TRUCKS 509

Date Item PR Debit Credit

Account DEPRECIATION EXPENSE - FURNITURE & FIXTURE 511

Date Item PR Debit Credit
 Account INTEREST EXPENSE 513
Date Item PR Debit Credit

Account MISCELLANEOUS EXPENSE 520

Date Item PR Debit Credit
Dec 15 PCB
 THUNDERBIRD TRUCKING SERVICES
GENERAL LEDGER
101 Account PETTY CASH
Balance Date Item PR Debit
116,871.20 Dec 1 Beg. Bal.
285,954.08 2 CDJ 2,000.00
63,778.74

103 Account OFFICE SUPPLIES

Balance Date Item PR Debit
21,840.00 Dec 1 Beg. Bal.
83,440.00 5 CDJ 3,500.00
26,320.00

103.1 Account PREPAID INSURANCE

Balance Date Item PR Debit
39,180.00 Dec 1 Beg. Bal.

106 Account
Balance Date Item PR Debit
800,000.00

107 Account ACCUMULATED DEPRECIATION - BUILDING

Balance Date Item PR Debit
300,000.00 Dec 1 Beg. Bal.

109 Account ACCUMULATED DEPRECIATION - TRUCKS

Balance Date Item PR Debit
750,000.00 Dec 1 Beg. Bal.
 1,020,000.00

111 Account ACCUMULATED DEPRECIATION - OFFICE EQUIP

Balance Date Item PR Debit
84,000.00 Dec 1 Beg. Bal.
129,000.00

113 Account ACCUMULATED DEPRECIATION - FURNITURE &

Balance Date Item PR Debit
46,500.00 Dec 1 Beg. Bal.

201 Account NOTES PAYABLE

Balance Date Item PR Debit
2,000.00 Dec 31 CDJ
-

203 Account WITHHOLDING TAX PAYABLE

Balance Date Item PR Debit
9,150.00 Dec 1 Beg. Bal.
5,058.30 31 CDJ

205 Account SALARIES PAYABLE

Balance Date Item PR Debit
5,314.25
2,114.25
-
 207 Account INCOME TAX PAYABLE
Balance Date Item PR Debit

208.1 Account MORTGAGE PAYABLE

Balance Date Item PR Debit
11,996.02 Dec 1 Beg. Bal.
18,596.02

301 Account ANTON AGONCILLO, DRAWING

Balance Date Item PR Debit
387,614.65 Dec 18 CDJ
393,443.04
388,443.04

303 Account BOBBY BERNARDO, DRAWING

Balance Date Item PR Debit
434,894.90 Dec 18 CDJ
440,723.29
435,723.29

305 Account CARLOS CAMPOS, DRAWING

Balance Date Item PR Debit
279,801.65 Dec 18 CDJ
285,630.03
280,630.03

307 Account SERVICE REVENUE

Balance Date Item PR Debit
154,966.86 Dec 31 CRJ
17,485.16 31 SRJ
 501 Account REPRESENTATION EXPENSE
Balance Date Item PR Debit
80,650.00

503 Account REPAIR & MAINTENANCE EXPENSE

Balance Date Item PR Debit
Dec 9 PCB

505 Account INSURANCE EXPENSE

Balance Date Item PR Debit
8,000.00

507 Account DEPRECIATION EXPENSE - BUILDING

Balance Date Item PR Debit
655.20

509 Account DEPRECIATION EXPENSE - OFFICE EQUIPMENT

Balance Date Item PR Debit

511 Account OFFICE SUPPLIES EXPENSE

Balance Date Item PR Debit
Dec 18 PCB
513 Account INCOME TAX EXPENSE
Balance Date Item PR Debit

520 Account
Balance Date Item PR Debit
896.00
 102
Debit Credit Balance
2,000.00
2,000.00 4,000.00

104
Debit Credit Balance
5,680.00
3,500.00 9,180.00

105
Debit Credit Balance
6,500.00

Debit Credit Balance

LDING
Debit 108
Credit Balance
43,750.00

CKS
Debit 110
Credit Balance
 273,437.50

N - OFFICE EQUIP
Debit MENT 112
Credit Balance
24,500.00

N - FURNITURE &
Debit FIXTURE 114
Credit Balance
13,562.50

Debit
202
Credit Balance
255,000.00

Debit
204
Credit Balance
9,365.75
1,799.81 11,165.56

Debit
206
Credit Balance
Debit
208
Credit Balance

Debit

209
Credit Balance
650,000.00

Debit

302
Credit Balance
5,000.00

Debit

304
Credit Balance
5,000.00

Debit

Credit Balance
5,000.00

Debit

401
Credit Balance
 99,966.86
55,000.00 154,966.86

Debit

502
Credit Balance

Debit

504
Credit Balance
1,960.00

Debit

506
Credit Balance

Debit

508
Credit Balance

ICE EQUIPMENT
Debit

510
Credit Balance

Debit
 512
Credit Balance
728.00
Debit

514
Credit Balance

Debit

Credit Balance
 THUNDERBIR
W
For the month
Trial Balance
Debit Credit
Cash 63,778.74
Petty Cash 4,000.00
Accounts Receivable 26,320.00
Office Supplies 9,180.00
Input Tax 39,180.00
Prepaid Insurance 6,500.00
Land 800,000.00
Building 300,000.00
Accumulated Depreciation - Building 43,750.00
Trucks 1,020,000.00
Accumulated Depreciation - Trucks 273,437.50
O昀케ce Equipment 129,000.00
Accumulated Depreciation - Office Equipment 24,500.00
Furniture & Fixtures 46,500.00
Accumulated Depreciation - Furniture & Fixtures 13,562.50
Notes Payable 255,000.00
SSS, PhilHealth & Pag-IBIG Fund Payable 5,058.30
Withholding Tax Payable 11,165.56
Output Tax 18,596.02
Mortgage Payable 650,000.00
Anton Agoncillo, Capital 387,614.65
Anton Agoncillo, Drawing 5,000.00
Bobby Bernardo, Capital 434,894.90
Bobby Bernardo, Drawing 5,000.00
Carlos Campos, Capital 279,801.65
Carlos Campos, Drawing 5,000.00
Service Revenue 154,966.86
Salaries Expense 80,650.00
Repair & Maintenance Expense 1,960.00
Fuel & Lubricants 8,000.00
Utilities Expense 655.20
Office Supplies Expense 728.00
Miscellaneous Expense 896.00

Depreciation Expense - Building

Depreciation Expense - Trucks
Depreciation Expense - Office Equipment
Depreciation Expense - Furniture & Fixtures
Insurance Expense
Accounts Payable
Utilities Payable
Salaries Payable
Interest Expense
Interest Payable
SSS, PhilHealth & Pag-IBIG Fund Contribution
2,552,347.94 2,552,347.94
 THUNDERBIRD TRUCKING SERVICES
WORKSHEET
For the month ended December 31,2010
Adjustments Income Statement Balance She
Debit Credit Debit Credit Debit
63,778.74
4,000.00
26,320.00
4,820.00 4,360.00
39,180.00
1,140.00 5,360.00
800,000.00
300,000.00
1,250.00
1,020,000.00
10,625.00
129,000.00
1,075.00
46,500.00
387.50

6,500.00

5,000.00

5,000.00

5,000.00
154,966.86
5,850.00 86,500.00
1,960.00
1,500.00 9,500.00
4,895.00 5,550.20
4,820.00 5,548.00
896.00

1,250.00 1,250.00
10,625.00 10,625.00
1,075.00 1,075.00
387.50 387.50
1,140.00 1,140.00
 1,500.00
4,895.00
5,850.00
6,550.00 6,550.00
6,550.00
6,500.00 6,500.00
44,592.50 44,592.50 137,481.70 154,966.86 2,453,498.74
17,485.16
154,966.86 154,966.86 2,453,498.74
 Balance Sheet
Debit Credit
63,778.74
4,000.00
26,320.00
4,360.00
39,180.00
5,360.00
800,000.00
300,000.00
45,000.00
1,020,000.00
284,062.50
129,000.00
25,575.00
46,500.00
13,950.00
255,000.00
11,558.30
11,165.56
18,596.02
650,000.00
387,614.65
5,000.00
434,894.90
5,000.00
279,801.65
5,000.00
 1,500.00
4,895.00
5,850.00

6,550.00
2,453,498.74 2,436,013.58
17,485.16
2,453,498.74 2,453,498.74
Account Sweet Tooth Bakeshop
Date Item PR Debit Credit
Dec 1 Invoice No. 1046
2 Invoice No. 1050 SRJ 6,160.00
4 OR No. 1106 CRJ 6,160.00
11 OR No. 1111 CRJ 6,160.00
24 Invoice No. 1056 SRJ 7,280.00

Account Ace Supplies

Date Item PR Debit Credit
Dec 1 Invoice No. 1048
2 Invoice No. 1052 SRJ 5,600.00
4 OR No. 1107 CRJ 5,600.00
11 OR No. 1112 CRJ 5,600.00
24 Invoice No. 1058 SRJ 6,160.00
 THUNDERBIRD TRUCKING SERVICES
ACCOUNTS RECEIVABLE SUNSIDARY LEDGER
Account Soulmate Marketing
Balance Date Item
6,160.00 Dec 1 Invoice No. 1047
12,320.00 2 Invoice No. 1051
6,160.00 4 OR No. 1105
- 11 OR No. 1113
7,280.00 24 Invoice No. 1057

Account Bestfriends Bakery

Balance Date Item
5,600.00 Dec 1 Invoice No. 1049
11,200.00 3 OR No. 1104
5,600.00 5 Invoice No. 1053
- 10 OR No. 1110
6,160.00 12 Invoice No. 1054
17 OR No. 1117
19 Invoice No. 1055
24 OR No. 1122
26 Invoice No. 1059
PR Debit Credit Balance
6,720.00
SRJ 6,720.00 13,440.00
CRJ 6,720.00 6,720.00
CRJ 6,720.00 -
SRJ 7,280.00 7,280.00

PR Debit Credit Balance

3,360.00
CRJ 3,360.00 -
SRJ 5,600.00 5,600.00
CRJ 5,600.00 -
SRJ 5,600.00 5,600.00
CRJ 5,600.00 -
SRJ 5,600.00 5,600.00
CRJ 5,600.00 -
SRJ 5,600.00 5,600.00
 THUNDERBIRD TRUCKING SERVICES
ACCOUNTS PAYABLE SUNSIDARY LEDGER
Account Nikkon Marketing
Date Item PR Debit Credit
Dec 1 Invoice No. 96451 CDJ
 Account ITS Computer Sales Inc.
Balance Date Item PR Debit
220,000.00 Dec 16 Invoice No. 33481 CDJ
 Credit Balance
Debit 35,000.00