NEOFOX GENERAL MERCHANDISING Business Transactions for the month of February, 2020 A. SALES TRANSACTIONS Date Inv. No Sold To Credit Terms Amount Feb. 1 CS-007 Marzman Trading, Inc. 3/5, n/30 125,500 CS-008 Pedro Gomez 2/10, n/45 10,885 2 SI 0206-0210 Various Cash Customers Cash 53,163 5 `S-009 Mario Villafuerte 2/15, n/45 85,125 CS-010 Lopez General Merchandising n/30 10,367 10 C5-011 Traders Joe 1.5/10, n/30 22,500 12 SI 0211-0220 Various Cash Customers Cash 138,741 15 CS-012 Efren Reyes 1/10, n/30 50,214 17 CS-013 Rolando Mercado 2/10, n/30 75,892 0 SI 0221-0230 |Various Cash Customers Cash 38,960 25 CS-014 Tanya Dy 2/10, n/30 15,722 28 CS-015 All Around Buying & Selling Co. n/30 10,500 SI 0231-0240 | Various Cash Customers Cash 101,505 B. PURCHASES TRANSACTIONS Credit Date Reference Purchased From Terms Nature Amount Feb. 1 Inv#8595 Norman Wholesales, Inc. 1/10, n/20 Merchandise 150,000 Inv#7546 Standard Packaging Supply, Co. 3/15, n/45 Store Supplies 45,600 6 Inv#562 Landry Company 2/10, n/30 Merchandise 175,810 12 Inv#54812 Manila Wholesale Enterprises 5/10, n/45 Merchandise 250,000 18 Inv#1256 Rapoo Electronics & Gadgets n/15 Laptop Computer 38,000 24 Inv#0650 White Paper Incorporated 1/10, n/30 Office Supplies 8,350 27 Inv#7854 olod Plastic Products, Co. 2/20, n/45 | Merchandise 130,000 C. CASH RECEIPTS TRANSACTIONS Date OR NO. Received From Explanation Amount Feb. 3 002 Pedro Gomez Full payment of CSI#00 6,750 5 003 Marzman Trading Full payment of CSI#007 less discount 121,735 8 004 Pedro Gomez Full payment of CSI#003 3,110 10 005 Pedro Gomez Full payment of CSI#008 less discount 10,667 13 006 Rolando Mercado Full payment of CSI#00 36,215 15 007 Efren Reyes Partial payment of CSI#005 10,000 17 008 Mario Villafuerte Full payment of CSI#006 120,353 20 009 Trader Joe Full payment of CSI#011 less discount 22,163 25 010 Efren Reyes Full payment of CSI#012 less discount 49,712 27 011 Rolando Mercado Full payment of CSI#013 less discount 74,374D. CASH DISBURSEMENTS TRANSACTIONS Date Check No. Pay To Explanation Amount Feb. 1 75061 Payroll Master Salaries of Adm. Employees Jan 16-31 12,250 75062 Standard Insurance Co | Fire insurance premiums for 12 mos 24,000 3 75063 Landry Company Full payment of Inv# 155 6 75064 Landry Company Full payment of inv#305 less discount 117,600 7 75065 Payroll Master Weekly salaries of Sales Employees 8,560 10 75066 Norman Wholesales Full payment of inv#8595 less disc. 75067 Various Expenses Transportation 1,520 Representation 5,000 Miscellaneous 255 11 75068 ABC Enterprises Purchase of Merchandise for sale net 10,500 of trade discount 13 75069 Cargo, Inc. Freight of Merchandise received from 2,300 Manila Wholesale Enterprises 75070 Payroll Master Weekly salaries of Sales Employees 8,300 15 75071 Payroll Master Salaries of ADM. Employees Feb 1-15 15,540 16 75072 Landry Company Full payment of Inv#562 less discount 20 75073 Various Expenses Electricity 3,216 Water 1,825 Communication 2.500 Miscellaneous 800 22 75074 Manila Wholesale Ent. | Full payment of inv#54812 less disc ? 24 75075 Payroll Master Weekly Salaries of Sales Employees 8,450 25 75076 SJ Services Security & Janitorial Services 2,500 28 75077 Wil Realty, Inc. Office and store space rental for the 30,000 first quarter of 2020 75078 Payroll Master Salaries of Admin and Sales Emple: Admin 15,230 23,580 Sales 8,350 75079 Newton FOX Personal Withdrawal 30,000 ADDITIONAL INFORMATION (to be recorded in the General Journal): 1. On February 28, NeoFox returned damaged merchandise worth P10,000 purchased from Bacolod Plastic Products Co. 2. Fixed assets other than what was originally invested by Mr. Newton Fox, is estimated to be useful in 3 years with a 10%% salvage value after 3 years based on the acquisition cost 3. Store supplies and office supplies used until February 28 amounted to P5,600 and P2,150 respectively. 4. Mr. Newton Fox signed a one year advertising contract for P12,000 covering period Jan 1 to Dec. 31, 2020. These was paid in cash coming from sales collection last January 5, 2020. No accounting entry was made in January. 5. Merchandise inventory physically count on February 28, 2020 amounted to P377,873