Accounting 1 Special Journals Record the following selected business transactions in the appropriate books of original entries, i.e. GJ, SJ, PJ, CRJ and CDJ. Add 12% VAT to all sales, purchases and freight invoices. 2015 July 1 Received from Henry Sy cash investment of P250,000 and merchandise worth P60,000. 2 Sales invoice # 827 for sales on account to Dada Store, P17,800 3 Cash sales total, P28,500. 4 Granted allowance on the Sales Invoice No. 827 due to error in delivery, P780. 5 Received telephone bill, P550. 10 Received bank loan proceeds, principal amount, P50,000; interest deducted in advance, P500, and issued 30-day interest bearing note. 11 Paid telephone bill with check No. 10387. 13 Purchased tables and chairs from prime Furniture House, P35,000. Terms: 10% down payment with check no. 10388, 2/10, n/30. 14 Purchased merchandise from General Merchandisers, P60,000. Terms: 20% down payment with check no. 10389 15 Paid salaries, P20,000, issued check no. 10390 less 10% withholding tax. 16 Purchased merchandise from Ever Company, P7,500. Terms: COD, issued check no. 10391. 18 Purchased merchandise on account from Dale Manufacturers, P75,000. Terms: 1/15, n/30. 19 Received cash refund from Ever Company for merchandise returned due to defects, P900, (without VAT) 19 Paid amount due General Merchandisers, with check no. 10393. 20 Received allowance from Dale Manufacturers due to defects on merchandise received, P1,000, without VAT. 21 Sold merchandise for cash with a list price of P30,000 and a trade discount of 10% 22 Sales invoice no. 828 for sales on account to Yssa Store, P25,000. Terms: P5,000 down, 2/5, n/30. 23 Paid amount due Prime Furniture House, with check no. 10394. 23 Paid amount due Dale Manufacturers, with check no. 10395. 25 Collected amount due for sales invoice no. 827. 25 Purchased merchandise from Dale Manufacturers, P10,800. Terms: 1/5, n/30. 26 Sales invoice no. 829 for sales on account to Colette Store, P8,700. Terms: P 1.740 down, balance n/eom. 27 Purchased office supplies on account from Crown Supplies, P3,000. Terms: n/eom. 27 Sales Invoice no. 830 for sales on account to Allison Store, P5,000. Terms: 2/5, n/30. 31 Paid amount due Crown Supplies, with check no. 10396. 31 Collected amount due for sales invoice no. 829. 31 Paid salaries, P20,000 less 10% withholding tax, 3% SSS, 1.5% Philhealth and 2% Pag- IBIG 31 Close input tax against output tax. Accounting 1 Special Journals Record the following selected business transactions in the appropriate books of original entries, i.e. GJ, SJ, PJ, CRJ and CDJ. Add 12% VAT to all sales, purchases and freight invoices. 2015 July 1 Received from Henry Sy cash investment of P250,000 and merchandise worth P60,000. 2 Sales invoice # 827 for sales on account to Dada Store, P17,800 3 Cash sales total, P28,500. 4 Granted allowance on the Sales Invoice No. 827 due to error in delivery, P780. 5 Received telephone bill, P550. 10 Received bank loan proceeds, principal amount, P50,000; interest deducted in advance, P500, and issued 30-day interest bearing note. 11 Paid telephone bill with check No. 10387. 13 Purchased tables and chairs from prime Furniture House, P35,000. Terms: 10% down payment with check no. 10388, 2/10, n/30. 14 Purchased merchandise from General Merchandisers, P60,000. Terms: 20% down payment with check no. 10389 15 Paid salaries, P20,000, issued check no. 10390 less 10% withholding tax. 16 Purchased merchandise from Ever Company, P7,500. Terms: COD, issued check no. 10391. 18 Purchased merchandise on account from Dale Manufacturers, P75,000. Terms: 1/15, n/30. 19 Received cash refund from Ever Company for merchandise returned due to defects, P900, (without VAT) 19 Paid amount due General Merchandisers, with check no. 10393. 20 Received allowance from Dale Manufacturers due to defects on merchandise received, P1,000, without VAT. 21 Sold merchandise for cash with a list price of P30,000 and a trade discount of 10% 22 Sales invoice no. 828 for sales on account to Yssa Store, P25,000. Terms: P5,000 down, 2/5, n/30. 23 Paid amount due Prime Furniture House, with check no. 10394. 23 Paid amount due Dale Manufacturers, with check no. 10395. 25 Collected amount due for sales invoice no. 827. 25 Purchased merchandise from Dale Manufacturers, P10,800. Terms: 1/5, n/30. 26 Sales invoice no. 829 for sales on account to Colette Store, P8,700. Terms: P 1.740 down, balance n/eom. 27 Purchased office supplies on account from Crown Supplies, P3,000. Terms: n/eom. 27 Sales Invoice no. 830 for sales on account to Allison Store, P5,000. Terms: 2/5, n/30. 31 Paid amount due Crown Supplies, with check no. 10396. 31 Collected amount due for sales invoice no. 829. 31 Paid salaries, P20,000 less 10% withholding tax, 3% SSS, 1.5% Philhealth and 2% Pag- IBIG 31 Close input tax against output tax