ACCOUNTING FOR MERCHANDISING PROBLEM EXERCISE
Kristopher De lima company Pinky Trillanes company
1 1
purchases ₱179,200.00 a/r
freight-in ₱4,000.00 sales
a/p ₱179,200.00
cash ₱4,000.00
sales returns and allowance
a/r
a/p ₱20,000.00
purchase returns and allowances ₱20,000.00 cash
sales discount
a/p ₱159,200.00 a/r
purchase discounts ₱3,184.00
cash ₱156,016.00 2
a/r
2freigh out
purchases ₱107,100.00 sales
a/p ₱107,100.00 cash
a/p ₱107,100.00 cash
purchase discounts ₱1,071.00 sales discounts
cash ₱106,029.00 a/r
3 3
purchases ₱81,000.00 a/r
freight in ₱2,000.00 sales
a/p ₱81,000.00
cash ₱2,000.00 sales returns
a/r
a/p ₱7,000.00
purchase returns ₱7,000.00 cash
sales discounts
a/p ₱74,000.00 a/r
purchase discounts ₱1,480.00
cash ₱72,520.00 4
a/r
4 sales
purchases ₱41,000.00
freight in ₱1,000.00 sales returns
a/p ₱41,000.00 a/r
cash ₱1,000.00
cash
a/p ₱5,000.00 a/r
purchase returns ₱5,000.00
5
