CORPO SET 1
MKM CORPORATION
CASH DISBURSEMENT JOURNAL
DATE Check Check Accounts Debited PR Sundry Salaries SSS PH Withholdin Accounts Purchase Cash
Voucher No Expense Pagibig g Tax Payable Discount
No Dr Dr Payable Payable Dr Cr Cr
Dr Dr
(Cr) (Cr)
Total
1
Page
MKM CORPORATION
GENERAL LEDGER
Account : Cash Account : Account Receivable
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
Account : Merchandise Inventory Account : Input Vat
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
Account : Store Equipment
Date Item PR Dr Cr Balance
2
Page
Account : Acc. Depreciation – Store Equipment Account : Office Equipment
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
Account : Acc. Depreciation – Office Equipment Account : Accounts Payable
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
Account : Withholding taxes payable Account : Expanded Withholding taxes payable
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
3
Page
Account : SSS, PH and PAG IBIG Payable Date Item PR Dr Cr Balance
Date Item PR Dr Cr Balance
Account : Output VAT
Date Item PR Dr Cr Balance Account : Cash Dividends Payable
Date Item PR Dr Cr Balance
Account : Utilities Payable
4
Page
Account : Ordinary Share Capital, P100 par
Date Item PR Dr Cr Balance
Account : Retained Earnings
Date Item PR Dr Cr Balance
Account : Income Summary
Date Item PR Dr Cr Balance
Account : Sales
Date Item PR Dr Cr Balance
Account : Sales Returns and Allowances
Date Item PR Dr Cr Balance
Account : Sales Discounts
Date Item PR Dr Cr Balance
5
Page
Account : Purchases
Date Item PR Dr Cr Balance Account : Purchase Returns and Allowances
Date Item PR Dr Cr Balance
Account : Purchase Discount
Date Item PR Dr Cr Balance Account : Salaries expense
Date Item PR Dr Cr Balance
Account : SSS, PH and PAG IBIG CONTRIBUTIONS
Date Item PR Dr Cr Balance Account : Rent expense
Date Item PR Dr Cr Balance
6
Page
Account : Utilities Expense
Date Item PR Dr Cr Balance Account : Supplies Expense
Date Item PR Dr Cr Balance
Account : Transportation expense
Date Item PR Dr Cr Balance Account : Depreciation Expense-Store equipment
Date Item PR Dr Cr Balance
Account : Depreciation expense-Office equipment
Date Item PR Dr Cr Balance
Account : Income Tax Expense
Date Item PR Dr Cr Balance
7
Page
Account : DOMS CORP Account : SMB CORP
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
MKM
CORPORATION
ACCOUNT RECEIVABLE SUBSIDIARY LEDGER
Account : FPJ CORP
Date Item PR Dr Cr Balance
Account : XELA MERCHANDISE
Account : LUI CO
Date Item PR Dr Cr Balance
Date Item PR Dr Cr Balance
8
Page
Account : SUNSHINE CORP
Date Item PR Dr Cr Balance
Account : LTC CORP
Date Item PR Dr Cr Balance
Account : DOMS CORP Account : BEG BAL
SHS CORP 25 000 25,000
Date Item PR Dr Cr Balance Date Item PR Dr Cr Balance
Account : RECTO CORP
Date Item PR Dr Cr Balance
MKM CORPORATION
ACCOUNT PAYABLE SUBSIDIARY LEDGER
Account : BLUEROSE CORP
Date Item PR Dr Cr Balance
9
Account : RECTO CO
Page
Date Item PR Dr Cr Balance Account : PARDILLA CORP
Date Item PR Dr Cr Balance
Account : AGR MERCHANDISE
Date Item PR Dr Cr Balance
Account : LTC CORP
Date Item PR Dr Cr Balance
Account : CORP
Date Item PR Dr Cr Balance
Account : AGR MERCHANDISE
Date Item PR Dr Cr Balance
MKM CORPORATION
Account : FER CO
Date Item PR Dr Cr Balance WORKSHEET
11 01 BEG BAL 30000 30000
10
For the month ended November 30, 2021
Page
Account Titles Trial Balance Adjustments Statement of Statement of financial
Comprehensive Income Position
Dr Cr Dr Cr Dr Cr Dr Cr
MKM CORPORATION
Statement of Comprehensive Income
11
For the month of November 30 2021
Page
Sales PHP
Sales Return and Allowances
Sales Discount
Net Sales PHP
Purchases PHP
Purchase Return and
Allowances
Purchase Discount
Net Purchases PHP
Merchandise Inventory, beg.
Merchandise Inventory, end.
Cost of Goods Sold PHP
Gross Profit PHP
Salaries Expense PHP
SSS Philhealth and Pag Ibig
Contributions
Rent Expense
Utilities Expense
Supplies Expense
Transportation Expense
Depreciation Expense – Store
Eqpt.
Depreciation Expense – Office
Eqpt.
Miscellaneous Expense
Total Expense (PHP )
Net Income(LOSS) PHP
12
MKM CORPORATION
Page
Statement of Financial Position
November 30 2021
ASSET
Cash PHP ____________
Account Receivables ____________
Merchandise Inventory ____________
Total Current Asset PHP ________________
Store Equipment ____________
Accumulated depreciation Store Equip (___________) ___________
Office Equipment ____________
Accumulated depreciation Office Equip (___________) ___________
Total Non Current Asset PHP ________________
TOTAL ASSETS PHP ______________
LIABILITIES
Accounts payable PHP ______________
Witholding Taxes Payable ______________
Expanded With Tax Payable ______________
SSS PH Pag IBIG Contri Payable ______________
Utilities Payable ______________
Output VAT ______________
Cash Dividends Payable ______________
TOTAL LIABILITIES PHP ________________
SHAREHOLDERS’ EQUITY
Ordinary Share Capital, P100 par PHP ________________
Retained Earnings + Net Profit ________________
TOTAL SHAREHOLDERS’ EQUITY ________________
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY PHP ________________
MKM CORPORATION
13
Statement of Cash Flow
Page
For the month of November 30 2021
CASH IN ACTIVITIES
Cash sales ____________
Collections from accounts receivable
_____________________ ____________
_____________________ ____________
_____________________ ____________
Total Cash In PHP ____________
CASH OUT ACTIVITIES
_________________________ PHP ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
_________________________ ____________
Total Cash Out PHP ____________
Net Increase (decrease) PHP ____________
Add Beginning Nov 1 PHP ____________
Cash Balance Nov 30 2021 PHP ____________
14
MKM CORPORATION
POST CLOSING TRIAL BALANCE
Page
November 30 2021
Account Titles DR CR
Totals
15
Page
