Date
Account Title
Dr.
Cr.
Cash
Nov. 1 Paid rent for November using cash of ₱22,000
11-1 Rent Expense
22,000
Cash
22,000
Accounts Receivable
Beg. Balance
25,500.00
22,000.00 Nov.1
Nov. 3
50,000.00
8,750.00 Nov.7
Nov. 14
1,500.00
6,600.00 Nov.12
1,500.00
3,000.00 Nov.16
70,000.00
Nov. 22
Nov. 3 Collected ₱50,000 from Accounts Receivable.
11-3 Cash
50,000
Accounts Receivable
50,000
70,000.00
1,890.00 Nov.20
90,000.00
94,905.00
1,350.00
Nov. 26
125,000.00
Dec. 19
40,000.00
42,300.00
80,000
320.00
Nov. 28
1,000.00
Nov. 30
40,000.00
22,000.00
Dec. 2
2,500.00
8,750.00
Dec. 8
20,000.00
Dec. 9
8,750.00
Dec. 13
6,600.00
Dec. 17
Nov. 7 Paid salaries for the first week of November - ₱8,750.
11-7 Salaries Expense
8,750
Cash
3,000 Dec.21
8,750
5,000
159,995.00
30,000
Accounts Payable
VARIANCE
Dec. 30
VARIANCE
0.00
85,410.00
30,000
Nov. 9 Paid utility bill for October using cash - ₱6,600.
11-12 Utilities Expense
223,300.00
2,900 Dec.23
Nov. 9 Purchased merchandise inventory worth ₱30,000 on account.
11-9 Purchases
50,000.00
80,000.00
Dec. 4
80,000
Sales
50,000.00
Dec. 15
Nov. 5 Sold merchandise on account worth ₱80,000
11-5 Accounts Receivable
Beg
Allowance For Bad Debts
6,600
Cash
Merchandise Inventory
1,200.00 Beg.
Beg.
10,500.00
6,600
Nov. 14 Received rent income for November in cash - ₱1,500
11-14 Cash
1,500
Rent Income
Unused Supplies
1,500
Beg.
Furnitures and Fixtures
5,000.00
27,000.00
Nov. 16 Paid advertising expense for November using cash - ₱3,000.
11-16 Advertising Expense
3,000
Cash
3,000
Acc. Dep - FF
Office Equipment
2,700.00
15,000.00
Nov. 18 Returned defective merchandise purchased earlier worth ₱475.
11-18 Accounts Payable
475
Purchase Returns & allowances
475
Land
11-20 Freight in
1,890
Cash
11-22 Cash
Accounts Receivable
1,900.00
1,890
85,410
Sales
11-24 Sales Discount
Acc. Dep - OE
1,000,000.00
85,410
1,500
Accounts Payable
475.00
2,400.00
20,000.00
30,000.00
1,500
50,000.00
61,925.00
Notes Payable
20,000.00
Dec. 11
20,000.00
11-26 Withholding tax payable
1,350
Cash
1,350
Withholding Tax Payable
1,350.00
11-28 SSS & Medicare premiums payable
SSS & Medicare Premiums Payable
1,350.00
320.00
Cash
320
0.00
11-30 Karson, drawing
0.00
1,000
Cash
1,000
Karson, Capital
Karson, Drawings
1,182,680.00
Date
320.00
320
Account Title
12-2 Rent Expense
Dr.
1,000.00
22,000
Cash
12-4 Cash
1,000.00
Cr.
5,000.00
22,000
1,182,680.00
70,000
Accounts Receivable
7,000.00
Sales
Sales Returns
70,000
61,830.00
2,500.00
80,000.00
12-6 Accounts Receivable
90,000
Sales
12-8 Salaries Expense
90,000
90,000.00
8,750
Cash
94,905.00
Sales Discount
125,000.00
1,500.00
8,750
42,300.00
494,035.00
12-15 Cash
94,905
Sales
12-16 Accounts receivable
125,000
Purchases
125,000
6,600
Cash
12-18 Accounts receivable
0.00
94,905
Sales
12-17 Utilities Expense
464,885.00
Variance
1,890.00
30,000.00
1,890.00
50,000.00
6,600
42,300
Sales
Freight in
100,270.00
180,270.00
Purchase Returns & Allo.
42,300
3,780.00
Purchase Discount
475.00
305.00
475.00
12-19 Cash
40,000
Accounts Receivable
12-21 Advertising Expense
2,900.00
6,000.00
2,900.00
8,750.00
Salaries Expense
1,200.00
2,500
8,750.00
7,000.00
Utilities Exp
2,500
5,000
305.00
Freight Out
2,900
Accounts Receivable
12-30 Karson, Drawing
3,000
2,900
Cash
12-27 Sales Returns & Allowances
950.00
3,000
Cash
12-23 Freight out
40,000
23,500.00
Advertising Exp
6,600.00
3,000.00
6,600.00
3,000.00
6,600.00
1,900.00
Cash
5,000
12-8 Accounts Payable
19,800.00
20,000
7,900.00
Rent Exense
Cash
20,000
Rent Income
22,000.00
1,500.00
22,000.00
12-11 Purcases
50,000
Accounts Payable
50,000
44,000.00
1,500.00
KARSON SALES COMPANY
10 Cloumn Worksheet
December 31, 2024
Account Title
Unadjusted Trial Balance
Dr.
Cr.
Cash
159,995.00
Accounts Receivable
223,300.00
Dr.
Adjusted Trial Balance
Cr.
Dr.
Income Statement
Cr.
Dr.
Balance Sheet
Cr.
159,995.00
Dr.
223,300.00
1,200.00
10,500.00
1,200.00
10,500.00
10,500.00
Unused Supplies
5,000.00
5,000.00
5,000.00
Furniture & Fixture
27,000.00
27,000.00
27,000.00
2,700.00
Accumulated Depreciation-Furniture & Fixture
Office Equipment
2,700.00
15,000.00
1,900.00
Accumulated Depreciation-Office Equipment
Land
2,700.00
15,000.00
15,000.00
1,900.00
1,000,000.00
Cr.
159,995.00
223,300.00
1,200.00
Allowance for Bad Debts
Merchandise Inventory
Adjustments
1,900.00
1,000,000.00
1,000,000.00
Notes Payable
20,000.00
20,000.00
20,000.00
Accounts Payable
61,925.00
61,925.00
61,925.00
Withholding Tax Payable
0.00
0.00
SSS & Medicare Premiums Payable
0.00
0.00
1,182,680.00
1,182,680.00
1,182,680.00
Karson, Capital
Karson, Drawings
7,000.00
Sales
7,000.00
494,035.00
7,000.00
494,035.00
494,035.00
Sales Returns & Allowances
2,500.00
2,500.00
Sales Discount
1,500.00
1,500.00
2,500.00
1,500.00
Purchases
180,270.00
180,270.00
180,270.00
Freight In.
3,780.00
3,780.00
3,780.00
Purchase Returns & Allowances
950.00
950.00
Purchase Discount
305.00
305.00
950.00
305.00
Freight Out.
7,000.00
7,000.00
7,000.00
Salaries Expense
23,500.00
23,500.00
23,500.00
Advertising Expense
7,900.00
7,900.00
7,900.00
Utility Expense
19,800.00
19,800.00
19,800.00
Rent Expense
44,000.00
44,000.00
44,000.00
Rent Income
Totals
1,738,045.00
1,500.00
1,767,195.00
-29,150.00
0.00
0.00
1,500.00
1,738,045.00 1,767,195.00
1,500.00
290,250.00 496,790.00
1,447,795.00
1,270,405.00
206,540.00
496,790.00 496,790.00
1,447,795.00
206,540.00
1,476,945.00
0