2020
Transactions/Explanations/Particulars
A Purchases
Cash
To record cash purchases
B Freight In
Cartage In
Cash
To record the payment of transportation cost
of merchandise bought
Dr
Php 1 0 0 0 0 -
Php 1 0 0 0 0 -
1 2 02 51 4 5-
C Purchases
Accounts Payable to ESM
To record purchase on account to ESM
8 0 0 0-
D Accounts Payable
Purchase Returns
To record return of merchandise to ESM
2 0 0 0-
E Accounts Payable
Purchases Allowance
To record allowance of merchandise to ESM
F Accounts Payable
Purchase Discount
Cash
To record payment of account on ESM
G Cash
Sales
To record sales
H Accounts Receivable (Mr. L. Rivera)
Sales
To record sales on account to Mr. L. Rivera
I
Freight Out / Delivery Expense
Cr
8 0 0 0-
2 0 0 0-
1 2 01 2 0-
5 8 8 01 1 7 60
5 7 6 2 40
1 0 8 0 01 0 8 0 0-
6 7 5 06 7 5 0-
2 0 2 0 -
Cash
To record paymentof delivery of merchandise sold to
Mr. L. Rivera
J
Sales Returns
1 0 0 0 1 0 0 0 -
Accounts Receivable
To record the return of merchandise from Mr. L. Rivera
K
Sales Allowance
Accounts Receivable
To record sales allowance granted to Mr. L. Rivera
5 0 5 0 -
L
Cash
Sales Discount
Accounts Receivable
To record payment for the account of Mr. L. Rivera and
granted discount
5 5 8 6 1 1 4 5 7 0 0 -