Toribio Cayanan Tires

General Journal
For the month ended: June 30, 2019
Page 1
Date Account Title and Explanation P.R. Debit Credit
2019
June 2 Purchase 535,714.29
Input Tax 64,285.71
Accounts Payable 600,000.00

Purhase Price before VAT 535714.2857

VAT 64285.71429
Purchase Prie after VAT 600000

5 Purchase 321,428.57
Input Tax 38,571.43
Accounts Payable 360,000.00

Purhase Price before VAT 321428.5714

VAT 38571.42857
Purchase Price after VAT 360000

7 Accounts Payable 90,000.00

Input Tax
Purchase Returns 90,000.00

Purhase Price before VAT 80357.14286

VAT 9642.857143
Purchase Prie after VAT 90000

11 Accounts Payable 510,000.00

Input Tax 546.43
Cash 504,900.00
Purchase Discount 4,553.57

Remaining purchase amount 510000

Discount 5100
Amount Paid 504900

Discount before VAT 4553.571429

VAT 546.4285714
Discount after VAT 5100

13 Accounts Receivable 630,000.00

Output Tax 67,500.00
 Sales 562,500.00

Selling Price before VAT 562500

VAT 67500
Selling Price after VAT 630000

22 Cash 623,700.00
Output Tax 675.00
Sales Discount 5,625.00
Accounts Receivable 630,000.00

Sale amount 630000

Selling Discount before VAT 5625
VAT 675
Selling Discount after VAT 6300

30 Accounts Payable 360,000.00

Cash 360,000.00