Transcribed Image Text: Natividad Silario opened another branch of her Dig and Dig Store in the next city and soon found

Excerpt
branch P2 000.00 Utilities – Second branch P2 355.00 Payroll – First branch P10 000.00 Payroll – Second branch P8 500.00 Accounts Receivable – First branch P48 575.00 Accounts Receivable – Second branch P16 592.00 1. Prepare the trial balance as of 30 June 2019.

Transcribed Image Text: Natividad Silario opened another branch of her Dig and Dig Store in the next city and soon
found the same level of warm reception from customers who flocked to her new branch.
She continued selling previously owned and previously love blankets, duvets, bedsheets, and
pillowcases from her supplier. She followed the business model of her first store, but she also diversified
her line of goods for sale. The new branch also sells baby clothes; fabric bags; and clothes for men,
women, and cldren ranging from sportswear and casual wear to some party wear and wedding attires for
the entire wedding entourage. In a short time of operating the new branch of her store, it has become the
go-to place for needed apparels for all occasions.
Natividad registered the store with the local government and obtained all the necessary
permits including the mayor’s permit and the BIR, DTI, and sanitation permits. She also plans to expand
her business in adjacent cities and municipalities. She red you as her accountant and requested you to
give her the financial status of the business.
How will you record and post the following transactions for June 2019?
Cash on Hand
P6 500.00
Cash in Bank
P65 000.00
Purchases (including P25 000.00 computer)
P225 000.00
Sales – First branch
P185 000.00
Sales – Second branch
P145 985.00
Rent – First branch
P10 000.00
Rent – Second branch
P8 000.00
Utilities – First branch
P2 000.00
Utilities – Second branch
P2 355.00
Payroll – First branch
P10 000.00
Payroll – Second branch
P8 500.00
Accounts Receivable – First branch
P48 575.00
Accounts Receivable – Second branch
P16 592.00
1. Prepare the trial balance as of 30 June 2019.

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