ANSWER SHEET

Name: __________________________________ Course, year & section: _______________________

Date: _____________________ Set: ____________ Instructor: Mr. Mark Anthony N. Polinar, MBA, CB

1. JOURNAL ENTRIES

PAGE 1
DATE PARTICULARTS F DEBIT CREDIT
2. POSTING TO THE LEDGER
GENERAL LEDGER
CASH ACCOUNT NO. 100
DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

ACCOUNTS RECEIVABLE ACCOUNT NO. 110

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

MERCHANDISING INVENTORY ACCOUNT NO. 120

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

NOTES RECEIVABLE ACCOUNT NO. 130

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

OFFICE EQUIPMENT ACCOUNT NO. 140

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

OFFICE SUPPLIES ACCOUNT NO. 150

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

FURNITURE AND FIXTURE ACCOUNT NO. 160

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

ACCOUNTS PAYABLE ACCOUNT NO. 200

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE
 NOTES PAYABLE ACCOUNT NO. 210
DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

LOAN PAYABLE ACCOUNT NO. 220

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

SALARIES PAYABLE ACCOUNT NO. 230

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

TAMPIHOT, CAPITAL ACCOUNT NO. 300

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

TAMPIHOT, DRAWING ACCOUNT NO. 310

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

SALES ACCOUNT NO. 400

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

SALES DISCOUNT ACCOUNT NO. 410

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

SALES RETURN AND ALLOWANCES ACCOUNT NO. 420

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

PURCHASES ACCOUNT NO. 500

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

FREIGHT-IN ACCOUNT NO. 520

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

PURCHASE DISCOUNT ACCOUNT NO. 530

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE
 PURCHASE RETURN AND ALLOWANCES ACCOUNT NO 540
DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

FREIGHT OUT ACCOUNT NO 600

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

SALARIES EXPENSE ACCOUNT NO 610

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

UTILITIES EXPENSE ACCOUNT NO 620

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

ADVERTISING EXPENSE ACCOUNT NO 630

DATE PARTICULARS F DEBIT CREDIT DEBIT BALANCE CREDIT BALANCE

3. TRIAL BALANCE
TAMPIHOT ENTERPRISES
TRIAL BALANCE
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ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT

4. FINANCIAL STATEMENTS
TAMPIHOT ENTERPRISES
STATEMENT OF COST OF GOODS SOLD
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TAMPIHOT ENTERPRISES
INCOME STATEMENT
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 TAMPIHOT ENTERPRISES
STATEMENT OF OWNER’S EQUITY
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TAMPIHOT ENTERPRISES
STATEMENT OF CASH FLOW
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