Papa Distributors

June 31, 2021

SALES JOURNAL Page 16

Date Invoice Accounts Receivable Dr./
Account Debited P.R.
2021 No. Sales Cr.

CASH RECEIPTS JOURNAL Page 35

Debits Credits
Date O.R. Other Accounts
Description Sales Accounts
2021 No. Cash Sales
Discounts Receivable Account Title P.R. Amount
June 01 V. Espiritu Bank Loan 60,000 12% Notes Payable 60,000
04 Cash sales 62,000 62,000
07 D. Sandoval Company 28,130 870 29,000
10 D. Mallari Supplies 21,340 660 22,000
18 Cash sales 33,000 33,000
20 R. Reyes Company 26,000 26,000
230,470 1,530 77,000 95,000 60,000

PURCHASES JOURNAL Page 7

Date Credits Debits
R.R.
Account Credited P.R. Accounts Office Store Other Accounts
2021 No. Purchases
Payable Supplies Supplies Account Title P.R. Amount
Jun
e

CASH DISBURSEMENTS JOURNAL Page 7

Credits Debits
Date Ck. Other Accounts
Description Purchases Accounts
2021 No. Cash Purchases
Discounts Payable Account Title P.R. Amount
June 02 071 Purchased merchandise 47,000 47,000
06 072 Y. Filamor Company 27,440 560 28,000
12 073 Paid freight charges 1,000 Transportation Out 1,000
14 074 Paid for advertising 3,000 Advertising Expense 3,000
15 075 Paid salaries 12,000 Salaries Expense 12,000
19 076 C. Gonzaga Company 28,420 580 29,000
23 077 Purchased merchandise 9,000 9,000
26 078 D. Ramos Inc. 32,000 32,000
28 079 Owner’s withdrawals 30,000 Papa, Withdrawals 30,000
 189,860 1,140 89,000 56,000 46,000

GENERAL JOURNAL Page 7

2021
June 12 Accounts Payable – Ricarte Drug Supply /210 4,620
Purchase Returns and Allowances 520 4,620
returned merchandise to Ricarte Drug Supply

15 Accounts Payable – Casas Drug Co. /210 5,370

Purchase Returns and Allowances 520 5,370
returned merchandise to Casas Drug Co.

GENERAL LEDGER
Cash 110
June 01 918,000 June 30 158,056.6
CD7
Rent Expense 610
759,943.4 June 01 50,000
02 10,000
CD7
60,000
Accounts Payable 210
June 01 621,769
June 30 122,980 30 228,182
CD7 P7 ACCOUNTS PAYABLE SUBSIDIARY LEDGERS
12 4,620
15 5,370 Seso Co.
132,970 849,951 June 4 23,420 June 01 23,420
716,981
0

Purchases 510
June 01 1,382,625
30 228,182 Ricarte Drug Supply
P7 June 12 4,620 June 02 56,240
31 27,020
CD7 16 51,620
1,637,827
Bal: 0

Purchase Returns and Allowances 520 Casas Drug Co.

June 01 31,623 June 15 5,370 June 05 36,735
12 4,620
15 5,370 31,365
41,613

Purchase Discounts 530 Balino Drug Co.

June 01 21,145 June 23 47,940 June 14 47,940
30 1,943.4
CD7
0
23,088.4
Bal.
 Abeto Pharmaceuticals
June 27 63,847

63,847

Lumen Almachar
SCHEDULE OF ACCOUNTS PAYABLE
June 30, 2021

Casas Drug Co. 31,365

Abeto Pharmaceuticals 63,847
TOTAL 95,212