"Dalagan Merchandising Business"

Description of the Business: Merchandising Business.

Transactions:

Dec 1. A. Dalagan invested P1,000,000 for start of the business.

Dec 1. Issued check No. 0001 to the city governement of business permits and licenses, 14,000. This is
covered by Voucher No. 01.

Dec. 2.. Bought Store Equipment of 400,000 on account and issued sales invoice No. 0021.

Dec 3. Bought merchandise on account from T. Cutin Trading costing P50,000. Issued sales invoice 0022.
Term 5/15, N/31

Dec 4. Returned P10,000 cost of merchandise to T. Cutin Trading bought on account on Dec. 3 for not
conforming with the orders. No replacement was made.

Dec 5.. Bought merchandise in cash of P50,000 covered by Check Voucher No. 02 from C. Almedilla
Enterprises.

Dec 6. Returned P10, 000 cost of merchandise to C. Almedilla Enterprises for not conforming with the
orders and receive cash refund

Dec 7. Sold merchandise in cash to J. Gentiliz Company amounting 20,000. Issued Official receipt No.
0046

Dec 9. Sold merchandise on account to M. Morales, P30,000. Term: 2/10, N/31. Issued sales invoice No.
0038
Dec 10. Sold merchandise in cash to E. Suma-oy, P10,000. Issued official receipt No. 0047

Dec 11. Bought merchandise on account from A. Cañares Enterprises, P50,000 Term: 3/10, N/31. Paid
100 for the freight. Issued Sales invoice No. 0023

Dec 13. Paid the account with T. Cutin Trading as per charge sales invoice No. 0022 and availed the 5%
discount. Issued check No. 02, covered by Check Voucher No. 03.

Dec 15. Collected the account of Dec. 9 with 2% discount. Issued official receipt No. 0048.

Dec 17. Sold merchandise in cash to G. Argawanon Enterprises amounting P20,000. Issued official receipt
No. 0049

Dec 19. Paid insurance premium for 2 years coverage in the amount of P10,000.

Dec 22. Sold merchandise for cash, 50,000. Gave 2% trade discount and paid P1,000 for the freight. Issue
official receipt No. 0050

Dec 24. Sold merchandise on account to C. Sabidor, 50,000. Term: 2/10, N/30. Issued sales invoice 0039.

Dec 25. A. Dalagan withdrew 30,000 from his business for personal use.

Dec. 26. Partial payment of Store Equipment in the amount of P200,000 as per sales invoice 0021. Issued
check No. 03, covered by Check voucher No. 04

Dec. 27. Payment of Rental for the month, P15,000

Dec. 31. Paid salaries and wages to store employees , P40,000.