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Merchandising Periodic

The document records various financial transactions of ABC Distributor from May 1 to May 30, including purchases and sales of merchandise on both cash and credit terms, payments made to suppliers, collection from customers, payment of operating expenses like salaries, rent, utilities, and inventory value as of May 30.

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Glaiza Flores
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61 views1 page

Merchandising Periodic

The document records various financial transactions of ABC Distributor from May 1 to May 30, including purchases and sales of merchandise on both cash and credit terms, payments made to suppliers, collection from customers, payment of operating expenses like salaries, rent, utilities, and inventory value as of May 30.

Uploaded by

Glaiza Flores
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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May 01 The business ABC Distributor was registered as single proprietorship with the department of

Trade and industry, Juan Dela Cruz invested 49,000 Php.

May 02 Bought equipment for 20,000 Php

May 02 Boght Merchandise on account from UPTOWN Supply Co. 25,900, Terms 2/10, n/30

May 03 Bought office supplies on cash for 1,700 Php

May 04 Sold Merchandise on account 25,200 FOB Destination, terms 2/10, n/30

May 05 Paid 300 php on May 04 sale

May 06 Received credit memo UPTOWN Supply Co. for merchandise return 500 php

May 11 Paid UPTOWN

May 13 Collected from May 04 cuustomer

May 14 Bought Merchandise on Cash 24,400 Php

May 15 Salaries Paid 2,500 Php

May 16 Borrowed money from Metro Bank, Signed a promisory note for 22,000 php

May 17 received refund from a supplier on cash purchase of May 14 600 php

May 18 bought merchandise from DESDA, 24,200 FOB shipping point terms 2/10, n30

May 20 Paid freight on May 18 purchase 800 php

May 23 Sold Merchandise for 26,400

May 26 Bought merchandise cash 23, 300

May 27 Paid DESDA on May 18 purchase 7,000, no discount allowed on partial payment

May 28 J.. Delacruz get cash from the business 5,008

May 29 made refund to cash customer for defective merchandise, 800

May 30 Sold merchandise on account 13,000 2/30

May 30 Paid the following: Advertising 1,000, Utilities 400, rent 3,500, Salaries 1,500

May 30 Inventory May 30 35,000.

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