Accounting System
Accounting System
Members
FS Frequency Yearly Ilao, Mae Angela M.
Store Hours 8am-5pm Magnaye, Rona G.
Payroll Paid every 15th & 30th Sarcino, Dianne Angelee
Previous Period December 31, 2018 Villamonte, Deosa U.
Period ending December 31, 2019 BSA 5102
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
Blue Font Data Validated Cells
PPG AND CO.
Journal Entrie
As Of
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
Blue Font Data Validated Cells
PPG AND CO.
Journal Entries
December 2019
Details Dr (Cr)
Payment of annual rental of commercial space 180,000.00
Payment of annual rental of commercial space - 180,000.00
Payment of annual auto insurance for two delivery van 42,000.00
Payment of annual auto insurance for two delivery van - 42,000.00
Purchase of Supplies to be used for the month of February - - Detergent 5,000.00
Purchase of Supplies to be used for the month of February - - Detergent - 5,000.00
Purchase of Supplies to be used for the month of February - - Fabric Conditioner 3,000.00
Purchase of Supplies to be used for the month of February - - Fabric Conditioner - 3,000.00
Payment for January 16-31,2019 Payroll 52,090.80
Payment for January 16-31,2019 Payroll - 52,090.80
Acquisition of additional washing machine 50,000.00
Acquisition of additional washing machine - 50,000.00
Billed Mapua University for the laundry services of varsity players' uniforms 30,000.00
Billed Mapua University for the laundry services of varsity players' uniforms - 30,000.00
Billed Bayleaf Hotel for the laundry services of comforters and pillow cases 150,000.00
Billed Bayleaf Hotel for the laundry services of comforters and pillow cases - 150,000.00
Government Statutory Remittance for January 2019 13,670.82
Government Statutory Remittance for December 2019 1,256.38
Government Statutory Remittance for December 2019 - 14,927.20
Government Statutory Remittance for December 2019 - Correcting Entry 220.00
Government Statutory Remittance for January 2019 - Correcting Entry - 220.00
Payment for December 1-31,2019 Payroll 52,924.00
Payment for December 1-31,2019 Payroll 8,638.02
Payment for December 1-31,2019 Payroll - 423.18
Payment for December 1-31,2019 Payroll - 13,818.04
Payment for December 1-31,2019 Payroll - 47,320.80
Paid BWC Bill for December 20,000.00
Paid BWC Bill for December - 20,000.00
Paid Meralco Bill for December 14,000.00
Paid Meralco Bill for December - 14,000.00
Replenishment of Petty Cash Fund in time for next month 8,000.00
Replenishment of Petty Cash Fund in time for next month - 8,000.00
Adjustment on government stat for December 72.80
Adjustment on government stat for December - 72.80
Balance Checking
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
13670.82
-13670.82
-13670.82
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
GL Account Code Account Type GL Account Name
1000 Asset Cash in Bank
1001 Asset Petty Cash
1002 Asset Accounts Receivable
1003 Asset Prepaid Rent
1004 Asset Prepaid Auto Insurance
1005 Asset Fixed Asset
2000 Liability Accounts Payable
2001 Liability Utilities Payable
2002 Liability Compensation Tax Payable
2003 Liability Income Tax Payable
2005 Liability Salaries Payable
2006 Liability SSS, PHIC & HDMF Payable
3000 Owner's Equity Bubbles Centro, Capital
3001 Owner's Equity Bubbles Centro, Drawing
3002 Owner's Equity Income Summary
4000 Income Sales
4001 Income Bank Interest Income
5000 Expense Bank Charges
5001 Expense Utilities Expense
5002 Expense Salaries & Wages
5003 Expense Income Tax
5004 Expense SSS, PHIC & HDMF Employer Expense
5005 Expense Supplies Expense
Totals
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
PPG AND Co.
Accounting Worksheet
December 31, 2019
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
Pink Fill Dates with financial transactions
Blue Font Data Validated Cells
PPG AND CO.
General Ledger
December 2019
Beginning Balance 02/01/2019 02/02/2019 02/03/2019 02/04/2019 02/05/2019
500,000.00 - 222,000.00 - - - - 102,090.80
25,000.00 - 8,000.00 - - - -
84,000.00 - - - - -
180,000.00 180,000.00 - - - -
42,000.00 42,000.00 - - - -
450,000.00 - - - - 50,000.00
- 23,000.00 - - - - -
- 34,000.00 - - - - -
- 1,256.38 - - - - -
- 5,000.00 - - - - -
- 52,090.80 - - - - 52,090.80
- 13,670.82 - - - - -
- 1,181,495.81 - - - - -
- - - - - -
- - - - - -
- 120,000.00 - - - - -
- 125.00 - - - - -
300.00 - - - - -
26,000.00 - - - - -
105,848.00 - - - - -
- - - - - -
8,490.81 - - - - -
9,000.00 8,000.00 - - - -
- 0.00 - - - - -
02/06/2019 02/07/2019 02/08/2019 02/09/2019 02/10/2019 02/11/2019 02/12/2019
- - - - - - -
- - - - - - -
- - - - - - 30,000.00
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - - 30,000.00
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
02/13/2019 02/14/2019 02/15/2019 02/16/2019 02/17/2019 02/18/2019 02/19/2019
- - - - - - -
- - - - - - -
- - - - 150,000.00 - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - 13,670.82 - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - 150,000.00 - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - 13,670.82 - - - -
02/20/2019 02/21/2019 02/22/2019 02/23/2019 02/24/2019 02/25/2019 02/26/2019
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
02/27/2019 02/28/2019 Ending Balance
- - 175,909.20
- - 17,000.00
- - 264,000.00
- - 360,000.00
- - 84,000.00
- - 500,000.00
- - - 23,000.00
- - - 34,000.00
- - - 1,256.38
- - - 5,000.00
- - -
- - -
- - - 1,181,495.81
- - -
- - -
- - - 300,000.00
- - - 125.00
- - 300.00
- - 26,000.00
- - 105,848.00
- - -
- - 8,490.81
- - 17,000.00
- - 13,670.82
PPG AND CO.
Trial Balance
For the period ending
GL Account Code Account Type GL Account Name
1000 Asset Cash in Bank
1001 Asset Petty Cash
1002 Asset Accounts Receivable
1003 Asset Prepaid Rent
1004 Asset Prepaid Auto Insurance
1005 Asset Fixed Asset
2000 Liability Accounts Payable
2001 Liability Utilities Payable
2002 Liability Compensation Tax Payable
2003 Liability Income Tax Payable
2005 Liability Salaries Payable
2006 Liability SSS, PHIC & HDMF Payable
3000 Owner's Equity Bubbles Centro, Capital
3001 Owner's Equity Bubbles Centro, Drawing
3002 Owner's Equity Income Summary
4000 Income Sales
4001 Income Bank Interest Income
5000 Expense Bank Charges
5001 Expense Utilities Expense
5002 Expense Salaries & Wages
5003 Expense Income Tax
5004 Expense SSS, PHIC & HDMF Employer Expense
5005 Expense Supplies Expense
Checking
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
PPG AND CO.
Trial Balance
December 31, 2019
Debit Credit Ending Balance
71,661.20 - 71,661.20
24,780.00 - 24,780.00
264,000.00 - 264,000.00
360,000.00 - 360,000.00
84,000.00 - 84,000.00
500,000.00 - 500,000.00
- - 23,000.00 - 23,000.00
- - -
- - 423.18 - 423.18
- - 5,000.00 - 5,000.00
72.80 - 72.80
- - 13,890.84 - 13,890.84
- - 1,181,495.81 - 1,181,495.81
- - -
- - -
- - 300,000.00 - 300,000.00
- - 125.00 - 125.00
300.00 - 300.00
26,000.00 - 26,000.00
158,772.00 - 158,772.00
- - -
17,348.83 - 17,348.83
17,000.00 - 17,000.00
1,523,934.83 - 1,523,934.83 - 0.00
PPG AND Co.
Statement of Financial Performance
For the month endedDecember 31, 2019
Legends:
Red Font Formulated Cells
Black Font Hardcoded Cells
Blue Font Data Validated Cells
PPG AND Co.
Statement of Financial Position
December 31, 2019
ASSETS
Current Asset/s
1000 Cash in Bank 71,661.20
1001 Petty Cash 24,780.00
1002 Accounts Receivable 264,000.00
1003 Prepaid Rent 360,000.00
1004 Prepaid Auto Insurance 84,000.00
804,441.20
Non Current Asset/s
1005 Fixed Asset 500,000.00
TOTAL ASSETS 500,000.00 1,304,441.20
Equity
3000 Bubbles Centro, Capital 1,181,495.81
3001 Bubbles Centro, Drawing -
3002 Income Summary -
TOTAL EQUITY 1,181,495.81
TOTAL EQUITY & LIAIBLITIES 1,223,882.63