grace corp book

Chart of Accounts

GRACE CORPORATION

ASSETSCash in Bank 101Petty Cas 102Marketable Securities 103Accounts Receivable 104Allowance for Bad Debts 104-ANotes Receivable 105Merchandise Inventory 106Accrued Interest Receivable 107Prepaid Advertising 108Prepaid Insurance 109Unused Supplies 110Input Tax 111Land 201Building 202Accumulated Depreciation - Building 202-AFurniture and Fixture 203Accumulated Depreciation - Furniture and Fixture 203-ATransportation Equipment 204Accumulated Depreciation - Transportation Equipment 204-AOffice Equipment 205Accumulated Depreciation - Office Equipment 205-AOrganization Cost 301

LIABILITIESAccounts Payable 1001Notes Payable 1002Notes Payable - Officer 1003SSS Medicare Premium Payable 1004Withholding Taxes Payable 1005HDMF Premiums Payable 1006Accrued Interest Payable 1007Output Tax 1008

STOCKHOLDERS' EQUITYCapital Stock Issued 2001Subscribed Capital Stock 2002Subscription Receivable 2003Premium on Capital Stock 2004Retained Earnings 2005

INCOMESales 3001Sales Discount 3002Sales Returns and Allowances 3003Interest Income 3004Purchase Discount 3005

EXPENSESCost of Sales 4001Salaries Expense 4002Supplies Expense 4003Taxes and Licenses 4004SSS Premium Expense 4005HDMF Premium Expense 4006Gasoline Expense 4007Light, Water and Telephone 4008Depreciation Expense - Building 4009Depreciation Expense - Furniture and Fixture 4010Depreciation Expense - Transportation Equipment 4011Depreciation Expense - Office Equipment 4012Amortization of Organization Cost 4013Bad Debts Expense 4014Representation Expense 4015Advertising Expense 4016Insurance Expense 4017Miscellaneous Expense 4018Interest Expense 4019

ACCOUNT Cash in Bank

DATE ITEM F DEBIT DATE

2004Nov. 30 Balance P 1,000,000.00 Dec. 30 CR 12 10,018,100.00 Dec. 31

Balance ###

ACCOUNT Petty Cash


2004Nov. 30 Balance P 10,000.00 Dec. 31

Balance 1,700.00

ACCOUNT Marketable Securities


2004Nov. 30 Balance P 9,500,000.00

ACCOUNT Accounts Receivable


2004Nov. 30 Balance P 15,316,000.00 Dec. 5Dec. 31 SJ 12 2,786,445.00 8

3113

Balance 10,318,635.00

ACCOUNT Allowance for Bad Debts


2004Dec. 31

ACCOUNT Notes Receivable


2004

F8

Correct

F15

correct

F33

correct

Nov. 30 Balance P 2,500,000.00 Dec. 8 GJ 11 470,000.00

Balance 2,970,000.00

ACCOUNT Merchandise Inventory


2004 2004Nov. 30 Balance P 799,971.00 Dec. 30

Dec. 8 PB 1 5,464,203.00 Balance 4,402,787.00

ACCOUNT Accrued Interest Receivable


2004Dec. 31 Balance P 38,853.00

Balance 38,853.00

ACCOUNT Prepaid Advertising


2004 2004Nov. 30 Balance P 600,000.00 Dec. 31

Balance 50,000.00

ACCOUNT Prepaid Insurance


2004 2004Nov. 30 Balance P 600,000.00 Dec. 31

Balance 50,000.00

ACCOUNT Unused Supplies


2004Nov. 30 Balance P 300,000.00

ACCOUNT Input Tax


2004Nov. 30 Balance P 1,010,000.00

Dec. 31 PJ 12 546,422.00 Balance 1,556,422.00

ACCOUNT Land


2004Nov. 30 Balance P 16,500,000.00

ACCOUNT Building


2004Nov. 30 Balance P 53,000,000.00

ACCOUNT Accumulated Depreciation - Building


2004Dec. 31

ACCOUNT Furniture and Fixture


2004Nov. 30 Balance P 3,550,000.00

ACCOUNT Accumulated Depreciation - Furniture and Fixture


2004Dec. 31

ACCOUNT Transportation Equipment


2004Nov. 30 Balance P 6,000,000.00

ACCOUNT Accumulated Depreciation - Transportation Equipment


2004Dec. 31

ACCOUNT Office Equipment


2004Nov. 30 Balance P 2,130,000.00

ACCOUNT Accumulated Depreciation - Office Equipment


2004Dec. 31

ACCOUNT Organization Cost


2004 2004Nov. 30 Balance P 1,000,000.00 Dec. 31

Balance 800,000.00

ACCOUNT NO. 101

ITEM F CREDIT

GJ 12 P 6,308,870.00 4,709,230.00

ACCOUNT NO. 102

ITEM F CREDIT

GJ 12 P 8,300.00 1,700.00

ACCOUNT NO. 103

ITEM F CREDIT

ACCOUNT NO. 104

ITEM F CREDIT

GJ 11 P 20,000.00 GJ 11 470,000.00 CR 12 7,272,335.00 GJ 11 21,475.00

ACCOUNT NO. 104-A

ITEM F CREDIT

GJ 11 P 497,811.00

ACCOUNT NO. 105

ITEM F CREDIT

ACCOUNT NO. 106

ITEM F CREDIT

GJ 13 P 1,861,387.00

ACCOUNT NO. 107

ITEM F CREDIT

ACCOUNT NO. 108

ITEM F CREDIT

GJ 12 550,000.00

ACCOUNT NO. 109

ITEM F CREDIT

GJ 12 550,000.00

ACCOUNT NO. 110

ITEM F CREDIT

ACCOUNT NO. 111

ITEM F CREDIT

ACCOUNT NO. 201

ITEM F CREDIT

ACCOUNT NO. 202

ITEM F CREDIT

ACCOUNT NO. 202-A

ITEM F CREDIT

GJ 14 P 650,000.00

ACCOUNT NO. 203

ITEM F CREDIT

ACCOUNT NO. 203-A

ITEM F CREDIT

GJ 14 P 355,000.00 Balance 355,000.00

ACCOUNT NO. 204

ITEM F CREDIT

ACCOUNT NO. 204-A

ITEM F CREDIT

GJ 12 P 1,200,000.00

ACCOUNT NO. 205

ITEM F CREDIT

ACCOUNT NO. 205-A

ITEM F CREDIT

GJ 12 P 426,000.00

ACCOUNT NO. 301

ITEM F CREDIT

GJ 12 P 200,000.00

ACCOUNT Accounts Payable


2004 2004Dec. 1 GJ 11 P 1,906,500.00 Nov. 30

6 GJ 11 1,600,000.00 Dec. 3131 GJ 11 4,123,275.00

ACCOUNT Notes Payable


2004Dec. 1

6

ACCOUNT Notes Payable - Officer


2004Nov. 30

ACCOUNT SSS, Medicare Premiums Payable


2004 2004Dec. 31 CD 12 P 87,500.00 Nov. 30

Dec. 31

ACCOUNT Withholding Taxes Payable


2004 2004Dec. 31 CD 12 P 34,200.00 Nov. 30

Dec. 3131

ACCOUNT HDMF Premiums Payable


2004Nov. 30Dec. 31

31

ACCOUNT Accrued Interest Payable


2004Dec. 31

ACCOUNT Output Tax


2004Nov. 30Dec. 31

ACCOUNT NO. 1001

ITEM F CREDIT

Balance P 6,743,240.00 PJ 12 6,010,625.00

Balance 5,124,090.00

ACCOUNT NO. 1002

ITEM F CREDIT

GJ 11 P 1,906,500.00 GJ 11 1,600,000.00

Balance 3,506,500.00

ACCOUNT NO. 1003

ITEM F CREDIT

Balance P 1,700,000.00

ACCOUNT NO. 1004

ITEM F CREDIT

Balance P 87,500.00 CD 12 72,360.00 CD 12 72,360.00

Balance 144,720.00

ACCOUNT NO. 1005

ITEM F CREDIT

Balance P 34,200.00 CD 12 64,800.00 CD 12 64,800.00

Balance 129,600.00

ACCOUNT NO. 1006

ITEM F CREDIT

Balance P 20,000.00 CD 12 21,600.00 CD 12 216,600.00

Balance 63,200.00

ACCOUNT NO. 1007

ITEM F CREDIT

GJ 12 P 66,565.00

ACCOUNT NO. 1008

ITEM F CREDIT

Balance P 2,200,000.00 SJ 12 270,332.00

Balance 2,470,332.00

ACCOUNT Capital Stock Issued


2004Nov. 30

ACCOUNT Subscribed Capital Stock


2004Dec. 26

ACCOUNT Subscription Receivable


2004 2004Dec. 26 GJ 5,350,000.00 Dec. 31

Balance 2,625,000.00

ACCOUNT Premium on Capital Stock


2004Nov. 30Dec. 26

ACCOUNT Retained Earnings


2004Nov. 30

ACCOUNT NO. 2001

ITEM F CREDIT

Balance P 70,000,000.00

ACCOUNT NO. 2002

ITEM F CREDIT

GJ 11 P 5,000,000.00

ACCOUNT NO. 2003

ITEM F CREDIT

Balance CR 12 P 2,625,000.00

ACCOUNT NO. 2004

ITEM F CREDIT

Balance P 5,000,000.00 GJ 11 250,000.00

Balance 5,250,000.00

ACCOUNT NO. 2005

ITEM F CREDIT

Balance P 4,481,456.00

ACCOUNT Sales


2004Nov. 30Dec. 31

ACCOUNT Sales Discount


2004Nov. 30 Balance P 800,000.00 Dec. 31 CR 12 66,435.00

Balance 866,435.00

ACCOUNT Sales Returns and Allowances


2004Nov. 30 Balance P 1,000,000.00

Dec. 5 GJ 11 20,000.00 13 GJ 11 21,475.00

Balance 1,041,475.00

ACCOUNT Interest Income


2004Nov. 30Dec. 26

ACCOUNT Purchase Discount


2004Dec. 31

ACCOUNT Cost of Sales


2004Nov. 30 Balance P 54,785,500.00 Dec. 31 SJ 12 1,861,387.00

Balance 56,646,887.00

ACCOUNT Salaries Expense


2004Nov. 30 Balance P 21,682,480.00 Dec. 31 CD 12 1,238,760.00

CD 12 1,101,600.00 Balance 24,022,840.00

ACCOUNT Supplies Expense


2004Nov. 30 Balance P 1,406,862.00 Dec. 31 CD 12 5,000.00

Balance 1,411,862.00

ACCOUNT Taxes and Licenses


2004Nov. 30 Balance P 910,000.00

ACCOUNT SSS, Medicare Premiums Expense


2004Nov. 30 Balance P 1,270,500.00

ACCOUNT HDMF Premiums Expense


2004Nov. 30 Balance P 1,100,000.00

ACCOUNT Gasoline Expense


2004Nov. 30 Balance P 1,127,400.00 Dec. 31 GJ 12 4,600.00

CD 12 14,000.00 Balance 1,146,000.00

ACCOUNT Light, Water and Telephone


2004Nov. 30 Balance P 1,208,450.00 Dec. 31 GJ 12 1,300.00

CD 12 13,250.00 Balance 1,223,000.00

ACCOUNT Depreciation Expense - Building


2004Dec. 31 Balance GJ 14 P 650,000.00

ACCOUNT Depreciation Expense - Furniture and Fixture


2004Dec. 31 Balance GJ 14 P 355,000.00

ACCOUNT Depreciation Expense - Transportation Equipment


2004Dec. 31 Balance GJ 12 P 1,200,000.00

ACCOUNT Depreciation Expense - Office Equipment


2004Dec. 31 Balance GJ 12 P 426,000.00

ACCOUNT Amortization of Organization Cost


2004Dec. 31 Balance GJ 12 P 200,000.00

ACCOUNT Bad Debts Expense


2004Dec. 31 Balance GJ 12 P 497,811.00

ACCOUNT Representation Expense


2004Nov. 30 Balance P 118,000.00 Dec. 31 GJ 12 2,000.00

Balance 120,000.00

ACCOUNT Advertising Expense



CD 12 13,325.00 Balance 820,520.00

ACCOUNT Insurance Expense


2004Dec. 31 GJ 12 P 550,000.00

ACCOUNT Miscellaneous Expense


2004Nov. 30 Balance P 397,538.00 Dec. 31 GJ 12 400.00

Balance 397,938.00

ACCOUNT Interest Expense



Balance 112,065.00

ACCOUNT NO. 3001

ITEM F CREDIT

Balance P ###SJ 12 2,703,313.00

Balance ###

ACCOUNT NO. 3002

ITEM F CREDIT

ACCOUNT NO. 3003

ITEM F CREDIT

ACCOUNT NO. 3004

ITEM F CREDIT

Balance P 210,000.00 GJ 11 38,853.00

Balance 248,853.00

ACCOUNT NO. 3005

ITEM F CREDIT

CD 12 P 4,520.00 Balance 4,520.00

ACCOUNT NO. 4001

ITEM F CREDIT

ACCOUNT NO. 4002

ITEM F CREDIT

ACCOUNT NO. 4003

ITEM F CREDIT

ACCOUNT NO. 4004

ITEM F CREDIT

ACCOUNT NO. 4005

ITEM F CREDIT

ACCOUNT NO. 4006

ITEM F CREDIT

ACCOUNT NO. 4007

ITEM F CREDIT

ACCOUNT NO. 4008

ITEM F CREDIT

ACCOUNT NO. 4009

ITEM F CREDIT

ACCOUNT NO. 4010

ITEM F CREDIT

ACCOUNT NO. 4011

ITEM F CREDIT

ACCOUNT NO. 4012

ITEM F CREDIT

ACCOUNT NO. 4013

ITEM F CREDIT

ACCOUNT NO. 4014

ITEM F CREDIT

ACCOUNT NO. 4015

ITEM F CREDIT

ACCOUNT NO. 4016

ITEM F CREDIT

ACCOUNT NO. 4017

ITEM F CREDIT

ACCOUNT NO. 4018

ITEM F CREDIT

ACCOUNT NO. 4019

ITEM F CREDIT

GRACE CORPORATIONPreliminary Trial Balance

December 31, 2004

Cash in Bank P 4,709,230.00 Petty Cash 1,700.00 Marketable Securities 9,500,000.00 Accounts Receivable ###Allowance for Bad Debts PNotes Receivable 2,970,000.00 Merchandise Inventory 4,402,787.00 Accrued Interest Receivable 38,853.00 Prepaid Advertising 50,000.00 Prepaid Insurance 50,000.00 Unused Supplies 300,000.00 Input Tax 1,556,422.00 Land ###Building ###Accumulated Depreciation - BuildingFurniture and Fixture 3,550,000.00 Accumulated Depreciation - Furniture and FixtureTransportation Equipment 6,000,000.00 Accumulated Depreciation - Transportation EquipmentOffice Equipment 2,130,000.00 Accumulated Depreciation - Office EquipmentOrganization Cost 800,000.00 Accounts PayableNotes PayableNotes Payable - OfficerSSS, Medicare Premiums PayableWithholding Taxes PayableHDMF Premiums PayableAccrued Interest PayableOutput TaxCapital Stock IssuedSubscribed Capital StockSubscription Receivable 2,625,000.00 Premium on Capital StockRetained EarningsSalesSales Discount 866,435.00 Sales Returns and Allowances 1,041,475.00 Interest IncomePurchase DiscountCost of Sales ###Salaries Expense ###Supplies Expense 1,411,862.00 Taxes and Licenses 910,000.00 SSS, Medicare Premiums Expense 1,270,500.00 HDMF Premiums Expense 1,100,000.00 Gasoline Expense 1,146,000.00 Light, Water and Telephone 1,223,000.00

Depreciation Expense - Building 650,000.00 Depreciation Expense - Furniture and Fixture 355,000.00 Depreciation Expense - Transportation Equipment 1,200,000.00 Depreciation Expense - Office Equipment 426,000.00 Amortization of Organization Cost 200,000.00 Bad Debts Expense 497,811.00 Representation Expense 120,000.00 Advertising Expense 820,520.00 Insurance Expense 550,000.00 Miscellaneous Expense 397,938.00 Interest Expense 112,065.00

###

GRACE CORPORATIONPreliminary Trial Balance

December 31, 2004

497,811.00

650,000.00

355,000.00

1,200,000.00

426,000.00

5,124,090.00 3,506,500.00 1,700,000.00 144,720.00 129,600.00 63,200.00 66,565.00 2,470,332.00

### 5,000,000.00

5,250,000.00 4,481,456.00

###

248,853.00 4,520.00

GRACE CORPORATIONTrial Balance

December 31, 2003 December 31, 2002Cash in Bank P 1,000,000.00 PPetty Cash 100,000.00 Marketable Securities 1,150,000.00 Accounts Receivable 5,850,000.00 Accounts Receivable - Others 6,400,000.00 Notes Receivable 1,500,000.00 Merchandise Inventory 900,000.00 Prepaid Advertising 120,000.00 Prepaid Insurance 80,000.00 Unused Supplies 300,000.00 Input Tax 600,000.00 Land ###Building ###Furniture and Fixture 3,550,000.00 Transportation Equipment 6,000,000.00 Office Equipment 2,130,000.00 Organization Cost 1,000,000.00 Accounts Payable P 906,500.00 Notes Payable - Non Trade ###SSS, Medicare Premiums Payable 62,000.00 Withholding Taxes Payable 52,500.00 HDMF Premiums Payable 29,500.00 Output Tax 1,000,000.00 Capital Stock Issued ###Premium on Capital Stock 3,500,000.00 Sales ###Sales Discount 300,000.00 Sales Returns and Allowances 800,000.00 Interest Income 110,000.00 Cost of Sales ###Salaries Expense 7,000,000.00 Supplies Expense 108,000.00 Taxes and Licenses 900,000.00 SSS, Medicare Premiums Expense 270,500.00 HDMF Premiums Expense 100,000.00 Gasoline Expense 100,000.00 Light, Water and Telephone 210,000.00 Interest Expense 445,500.00 Bad Debts Expense 280,000.00 Representation Expense 132,000.00 Advertising Expense 318,000.00 Insurance Expense 200,000.00 Miscellaneous Expense 70,000.00

P ### P ### P

### ###

GRACE CORPORATIONTrial Balance

December 31, 2002 150,000.00 10,000.00 1,010,000.00 4,650,000.00 4,200,000.00 600,000.00 700,000.00 50,000.00 60,000.00 200,000.00 450,000.00

######

3,550,000.00 6,000,000.00 2,130,000.00 1,000,000.00

P 900,000.00 ###

52,000.00 40,500.00 21,500.00 600,000.00

### 3,500,000.00

### 200,000.00 650,000.00

80,000.00 ###

6,253,000.00 67,000.00 750,000.00 210,000.00 70,000.00 86,500.00 184,000.00 364,500.00 230,000.00 113,000.00 207,000.00 170,000.00 60,000.00

### P ###

### ###

GENERAL JOURNAL

Date Particulars F Debit

2004Dec. 1 Accounts Payable 1001 ###

Notes Payable 1002Issuance of 90-day 24% note to Genius Paper Products.

5 Sales Returns and Allowances 3003 20,000.00 Accounts Receivable 104

Issued credit memo to Solomon Enterprisesfor defective merchandise.

6 Accounts Payable 1001 ###Notes Payable 1002

Issuance of 150-day 27% note to Genius Paper Products.

8 Notes Receivable 106 470,000.00 Accounts Receivable 104

Received 60-day 24% note fromJohann Morales.

13 Sales Returns and Allowances 3003 21,475.00 Accounts Receivable 104

Issued credit memo to BenitezMerchandising for defective merchandise.

26 Subscription Receivable 2003 ###Subscribed Capital Stock 2002

Subscription for 50,000 shs by M. Paredes.

31 Depreciation Expense - Trabsportation Equipm 4001 ###Accum. Depr. - Transportation Equipment 204-A

To record depreciation for the year.

GENERAL JOURNAL

Date Particulars F Debit2004Dec. 31 Depreciation Expense - Office Equipment 4012 426,000.00

Accum. Depr. - Office Equipment 205-ATo record depreciation for the year.

Amortization of Organization Cost 4013 200,000.00 Organization Cost 301

To amortize organization cost.

Advertising Expense 4016 550,000.00 Prepaid Advertising 108

To charge used portion.

Insurance Expense 4017 550,000.00 Prepaid Insurance 109

To charge expired portion.

Bad Debts Expense 4014 497,811.00 Allowance for Bad Debts 104-A

To take up bad debts.

Representation Expense 4015 2,000.00 Gasoline Expense 4007 4,600.00 Light, Water and Telephone 4008 1,300.00 Miscellaneous Expense 4018 400.00

Petty Cash 102To record expenses paid from petty cash.

Accrued Interest Receivable 107 38,853.00 Interest Income 3004

To take up unrecorded interest income.

Interest Expense 4019 66,565.00 Accrued Interest Payable 1007

To take up unrecorded interest expense.

Cost of Sales 4001 ###Merchandise Inventory 106

To record cost of sales for December,details follow.

Date Sold To Invoice # Amount

2004Dec. 1 Eagle Contractors 1251 154,545.00

3 Dynasty Construction 1252 2,714.00 7 Sampolio Company 1253 36,364.00

10 Benitez Merchandising 12541255 639,427.00

15 Ida Coronel 1256 86,659.00 17 Luli Samson 1257 54,409.00 22 Susan de Leon 1258 127,955.00 23 Building Blocks, Inc. 1259

1260 117,041.00 27 Cora Tayag 1261

1262 181,205.00 29 Conteno, Antonio & Tantoco 1263 461,068.00

1,861,387.00

GENERAL JOURNAL

Date Particulars F Debit2004Dec. 31 Depreciation Expense - Building 4009 650,000.00

Accum. Depr. - Building 202-ATo record depreciation for the year.

Depreciation Expense - Furniture and Fixture 4010 355,000.00 Accum. Depr. - Furniture and Fixture 203-A

To record depreciation for the year.

GENERAL JOURNAL

Credit

###

20,000.00

###

470,000.00

21,475.00

### 250,000.00

###

Page 2

GENERAL JOURNAL

Credit

426,000.00

200,000.00

550,000.00

550,000.00

497,811.00

8,300.00

38,853.00

66,565.00

###

Page 3

Amount

154,545.00 2,714.00 36,364.00

639,427.00 86,659.00 54,409.00 127,955.00

117,041.00

181,205.00 461,068.00

1,861,387.00

GENERAL JOURNAL

Credit

650,000.00

355,000.00

PAYROLLFor the period from December 16 to December 31, 2004

Name of EmployeeDeductions

SSS Medicare

Eric Gaston 40,000.00 2,736.00 600.00

Joan Gaston 21,000.00 1,000.00 300.00

Amy Josef 25,000.00 1,000.00 300.00

Sarah Tuason 24,160.00 1,000.00 300.00

Other Employees* 991,440.00 51,624.00 13,500.00

1,101,600.00 57,360.00 15,000.00

* in separate listing not presented here.

________________________DATE OF PAYMENT

WE HEREBY ACKNOWLEDGE to have received from GRACE CORPORATION the sum specified opposite our respective names as full compensation for our services rendered.

Total Regular Wage

PAYROLL

Deductions

Tax Withheld Pag-Ibig

4,128.00 660.00 31,876.00

834.00 500.00 18,366.00

834.00 500.00 22,366.00

684.00 500.00 21,676.00

58,320.00 19,440.00 848,556.00

64,800.00 21,600.00 942,840.00

________________________ ________________________DATE OF PAYMENT PAYMASTER

WE HEREBY ACKNOWLEDGE to have received from GRACE CORPORATION the sum specified opposite our respective names as full

Net Amount Paid

Signature of Employee

CASH RECEIPTS BOOK

DATE RECEIVED FROM EXPLANATION OR#BANK

DR.

2004

Dec. 1 Legarda SI 1121 101 P 224,500.00

Susan de Leon SI 1125 102 1,038,800.00

5 Benitez Merch. SI 1135 103 362,600.00

8 Johann Morales SI 1133 104 500,000.00

Solomon Ent. SI 1149 105 490,000.00

11 Eagle Contractors SI 1251 106 241,888.00

12 Ida Coronel SI 1152 107 528,000.00

15 Luli Samson SI 1231 108 845,000.00

Velera Company SI 1070 109 410,000.00

17 Sampollo Company SI 1253 110 56,874.00

Cora Tayag SI 1100 111 757,500.00

18 Susan de Leon SI 1242 112 681,000.00

20 Benitez Merch. SI 1254-1255 113 980,000.00

23 Building Blocks, Inc. SI 1259 & 1260 114 187,200.00

Dynasty Construction SI 1252 115 4,625.00

26 M. Paredes subs. For 50,000 shares 116 2,625,000.00

27 Luli Samson SI 1257 117 85,113.00

P 10,018,100.00

(101)

ü

CASH RECEIPTS BOOK

SALES DISCOUNT CASH SALES SUNDRY (CR.)

DR. ü AMOUNT CR. ACCT. NAME F AMOUNT

ü P 224,500.00

P 21,200.00 ü 1,060,000.00

7,400.00 ü 370,000.00

ü 500,000.00

10,000.00 ü 500,000.00

4,937.00 ü 246,825.00

ü 528,000.00

ü 845,000.00

ü 410,000.00

1,161.00 ü 58,035.00

ü 757,500.00

ü 681,000.00

20,000.00 ü 1,000,000.00

ü P 187,200.00

ü 4,625.00

ü Subs. Rec'ble 2003 P 2,625,000.00

1,737.00 ü 86,850.00

P 66,435.00 P 7,272,335.00 P 187,200.00 P 2,625,000.00

(3002) (104) ü

ü ü

ACCOUNTS RECEIVABLE (CR.)

CASH DISBURSEMENTS BOOK

DATE PAID TO EXPLANATION CV# CHECK NO.BANK

CR.

2004

Dec. 2 Genius Paper Products Downpayment, 2/10, n/45 300 12345 P 300,000.00

5 Sapphire Corp. Partial payment 301 12346 972,750.00

7 Bureau of Internal Revenue Remittance for November 302 12347 34,200.00

9 Social Security System Remittance for November 303 12348 87,500.00

10 Arboleda Co., Inc. Partial payment 304 12349 175,000.00

Sapphire Corp. Partial payment 305 12350 114,900.00

Arboleda Co., Inc. Full payment 306 12351 1,554,500.00

12 Caltex Gas 25 liters gasoline 307 12352 14,000.00

14 Paymaster Salaries 12.01-12.15 308 12353 1,080,000.00

15 Genius Paper Products Partial payment 309 12354 625,000.00

MERALCO Light bill 310 12355 13,250.00

20 Arboleda Co., Inc. Full payment 311 12356 83,300.00

21 Archer Supplies plastic bags 312 12357 5,000.00

26 Genius Paper Products Partial payment 313 12358 32,500.00

Genius Paper Products Full payment 314 12359 125,315.00

Genius Paper Products Downpayment 315 12360 25,000.00

Arboleda Co., Inc. Full payment 316 12361 25,490.00

27 XYZ Ads 100 pcs. Brochures 317 12362 13,325.00

28 Sapphire Corp. Full payment 318 12363 85,000.00

30 Paymaster Salaries 12.15-12.31 319 12364 942,840.00

P 6,308,870.00

(101)ü

CASH DISBURSEMENTS BOOK

PURCH. DISC. SUNDRY DR. (CR.)

CR. ü AMOUNT ACCOUNT NAME F AMOUNT

ü P 300,000.00

ü 972,750.00

Withholding Taxes Payable 1005 P 34,200.00

SSS Premiums Payable 1004 87,500.00

ü 175,000.00

ü 114,900.00

ü 1,554,500.00

Gasoline Expense 4007 14,000.00

Salaries Expense 4002 1,238,760.00

Withholding Taxes Payable 1005 (64,800.00)

SSS Premiums Payable 1004 (72,360.00)

HDMF Premiums Payable 1006 (21,600.00)

ü 625,000.00

Light, Water and Telephone 4008 13,250.00

P 1,700.00 ü 85,000.00

Supplies Expense 4003 5,000.00

ü 32,500.00

2,560.00 ü 127,875.00

ü 25,000.00

260.00 ü 25,750.00

Advertising Expense 4016 13,325.00

ü 85,000.00

Salaries Expense 4002 1,101,600.00

SSS Premiums Payable 1004 (72,360.00)

Withholding Taxes Payable 1005 (64,800.00)

HDMF Premiums Payable 1006 (21,600.00)

P 4,520.00 P 4,123,275.00 P 2,190,115.00

(3005) (1001)ü ü

ACCOUNTS PAYABLE (DR.)

SALES BOOK

DATE SOLD TO TERMS INV. NO. FDEBIT

2004

Dec. 1 Eagle Contractors 2/10. n/30 1251 246,825.00

3 Dynasty Construction 2/10. n/30 1252 4,625.00

7 Sampollo Company 2/10. n/30 1253 58,035.00

10 Benitez Merchandising 2/10. n/30 1254 711,950.00

1255 309,525.00

15 Ida Coronel 2/10. n/30 1256 138,285.00

17 Luli Samson 2/10. n/30 1257 86,850.00

22 Susan de Leon 2/10. n/30 1258 204,475.00

23 Building Blocks, Inc. Cash 1259

Building Blocks, Inc. 1260

27 Cora Tayag 2/10. n/30 1261 208,600.00

1262 81,275.00

29 Centeno, Antonio & Tantoco 2/10. n/30 1263 736,000.00

2,786,445.00

(104)

ACCOUNTS RECEIVABLE

SALES BOOK

DEBITCREDIT SALES

CASH SALES

224,386.00 22,439.00

4,205.00 420.00

52,759.00 5,276.00

647,227.00 64,723.00

281,386.00 28,139.00

125,714.00 12,571.00

78,955.00 7,895.00

185,886.00 18,589.00

75,805.00 68,914.00 6,891.00

111,395.00 101,268.00 10,127.00

189,636.00 18,964.00

73,886.00 7,389.00

669,091.00 66,909.00

187,200.00 2,703,313.00 270,332.00

(3001) (1008)

CREDIT OUTPUT TAX

PURCHASE BOOK

DATE PURCHASED FROM TERMS INV. NO. F CR.

2004

Dec. 1 Arboleda Co., Inc. 2/10, n/30 101 413,750.00

2 Genius Paper Products P 300,000 down.

bal. 2/10, n/45 111 1,425,000.00

3 Sapphire Corporation 2/10, n/30 1082 459,600.00

6 Genius Paper Products 27% - 150 day note 127 1,600,000.00

7 Arboleda Co., Inc. n/30 107 34,200.00

9 Arboleda Co., Inc. n/30 112 87,500.00

10 Genius Paper Products 2/10, n/45 130 1,250,000.00

12 Sapphire Corporation n/30 1090 14,000.00

15 Genius Paper Products n/30 135 13,250.00

16 Arboleda Co., Inc. 2/10, n/45 117 85,000.00


20 Genius Paper Products 2/10, n/45 140 127,875.00

21 Arboleda Co., Inc. n/30 120 5,000.00



24 Arboleda Co., Inc. 1/10, n/20 127 25,750.00

26 Genius Paper Products P 2,500 down, bal. n/15 147 45,000.00



29 Arboleda Co., Inc. 1/10, n/15 130 19,125.00

6,010,625.00

(1001)

ACCOUNTS PAYABLE

PURCHASE BOOK

DR. INPUT TAX DR.

376,136.00 37,614.00 0.0909 37,614

- - 0.0909 -

1,295,455.00 129,545.00 0.0909 129,545

417,818.00 41,782.00 0.0909 41,782

1,454,545.00 145,455.00 0.0909 145,455

31,091.00 3,109.00 0.0909 3,109

79,545.00 7,955.00 0.0909 7,955

1,136,364.00 113,636.00 0.0909 113,636

12,727.00 1,273.00 0.0909 1,273

12,045.00 1,205.00 0.0909 1,205

77,273.00 7,727.00 0.0909 7,727

77,273.00 7,727.00 0.0909 7,727

116,250.00 11,625.00 0.0909 11,625

4,545.00 455.00 0.0909 455

118,182.00 11,818.00 0.0909 11,818

11,136.00 1,114.00 0.0909 1,114

23,409.00 2,341.00 0.0909 2,341

40,909.00 4,091.00 0.0909 4,091

12,114.00 1,211.00 0.0909 1,211

150,000.00 15,000.00 0.0909 15,000

17,386.00 1,739.00 0.0909 1,739

5,464,203.00 546,422.00 0.0909 546,420

(106) (111)

MERCHANDISE INVENTORY

PETTY CASH BOOK

DATE PAYEE EXPLANATION

PETTY CASH FUND DISTRIBUTION OF PAYMENTS

PCV.

RECEIPTS PAYMENTS

REPRESEN-

NO. TATION

2004

Dec. 1 Balance 10,000.00

8 Luigi's Deli Refreshment 0800 2,000.00 2,000.00

10 Mobilshel Gasoline

Station Gasoline 0801 2,050.00

15 PLDT Telephone Bill 0802 800.00

18 Co. Messenger Taxi Fare 0803 250.00

20 MWSS Water Bill 0804 500.00

21 Bureau of Posts Stamps 0805 150.00

29 Mobilshel Gasoline

Station Gasoline 0806 2,550.00

10,000.00 8,300.00 2,000.00

PETTY CASH BOOK

DISTRIBUTION OF PAYMENTS

LIGHT, WATER GASOLINE SUNDRIES

& TELEPHONE ACCOUNTS AMOUNT

2,050.00

800.00

Transpostation Expense 250.00

800.00

Supplies - Office 150.00

2,550.00 5,000.00

1,600.00 4,600.00 5,400.00

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGERS

NAME: Rex EnterprisesADDRESS: 33 Teresa St., Metro Manila

DATE PARTICULARS DEBIT

2004Sept. 15 1,700,000.00

NAME: Louie TanADDRESS: 40 Bambang St., Metro Manila


2004Nov. 30 1,284,000.00

NAME: Eagle ContractorsADDRESS: 11 Forbes St., Makati


2004Nov. 20 300,000.00 Dec. 1 SI 1251 246,825.00 11 OR 106

NAME: Valera CompanyADDRESS: 705 Aurora Bldg., Cubao, Quezon City


2004

Nov. 18 SI 1070 410,000.00 Dec. 15 OR 109

NAME: Ida CoronelADDRESS: 63 Manotoc St., Quezon City


2004Nov. 30 SI 1152 528,000.00Dec. 15 SI 1256 138,285.00 12 OR 107

NAME: Alberto & Associates, CPAsADDRESS: 128 Pebble Road, Mandaluyong, MM


2004Sept. 15 150,000.00

NAME: Legarda CompanyADDRESS: 23 Hidalgo, Binondo, Manila


2004Nov. 19 SI 1121 224,500.00Dec. 1 OR 101

NAME: Cora TayagADDRESS: 1642 Reyes Avenue, Manila


2004Nov. 27 SI 1100 757,500.00Dec. 17 OR 111 27 SI 1161-1162 289,875.00

NAME: Dynasty ConstructionADDRESS: 36 Rizal Avenue, Sta. Cruz, Manila


2004Nov. 8 50,000.00Dec. 3 SI 1252 4,625.00 23 OR 115

NAME: Anna Reyes - employeeADDRESS: 16 Legarda St., Manila


2004Nov. 20 300,000.00Dec. 1 SI 1251 246,825.00 11 OR 106

NAME: Gwendo ReyesADDRESS: 85 Cantada St., Diliman, Quezon City


2004Oct. 30 300,000.00Nov. 5 OR 86

NAME: Benitez MerchandisingADDRESS: 582 Kamagong St., Makati City


2004Nov. 28 SI 1135 370,000.00Dec. 5 OR 103 10 SI 1254 - 1255 1,021,775.00 13 Sales returns & allowances

OR 113

NAME: Lighthouse CommercialADDRESS: 785 Ayala Avenue, Makati City


2004Mar. 21 100,000.00Apr. 19 86,500.00

NAME: Building Blocks, Inc.ADDRESS: 220 Ortigas St., Mandaluyong


2004Nov. 19 575,000.00Dec. 23 SI 1259 75,805.00

SI 1260 111,395.00 23 OR 114

NAME: Solomon Enterprises

ADDRESS: 326 Quirino Avenue, Baclaran


2004Nov. 30 SI 1149 520,000.00Dec. 5 Sales returns & allowances 8 OR 105

NAME: Carlo SantosADDRESS: 25 Lumot St., Tondo, Manila


2004June 3 264,000.00

NAME: Chad AcostaADDRESS: 85 Laong-Laan St., Metro Manila


2004Nov. 25 SI 1242 681,000.00Dec. 18 OR 112

NAME: J. R. AlanoADDRESS: 162 Laong-Laan St., Metro Manila


2004Oct. 5 1,600,000.00

NAME: Susan de LeonADDRESS: 482 Rizal Avenue, Metro Manila


2004Nov. 27 SI 1125 1,060,000.00Dec. 1 OR 102 22 SI 1258 204,475.00

NAME: Roces Adriano & Salas, CPAsADDRESS: Rm. 307 ABC Bldg., Ayala Avenue, Makati City


2004Nov. 20 1,700,000.00

NAME: R.V. Castro & Co.ADDRESS: 1856 Ayala Avenue, Makati City


2004Sept. 20 1,000,000.00Nov. 30 224,500.00

NAME: Johann MoralesADDRESS: 2000 C.M. Recto Avenue, Manila


2004Nov. 29 SI 1133 970,000.00Dec. 8 OR

converted to 60-day 12% note

NAME: Centeno, Antonio & Tantoco, CPAADDRESS: 296 Frisco St., Novaliches


2004Dec 29 SI 1263 736,000.00

NAME: Luli SamsonADDRESS: 852 Buendia Avenue, Makati City


2004Nov. 29 SI 1231 845,000.00Dec. 15 OR 108 20 SI 1257 868,500.00 27 OR 117

NAME: J. R. Alano TradingADDRESS: 555 Ilocos St., Metro Manila


2004Nov. 8 150,000.00Dec. 7 SI 1253 580,350.00

OR 110

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGERS

ACCOUNT NO.: 10133 Teresa St., Metro Manila

CREDIT BALANCE

1,700,000.00

ACCOUNT NO.: 10240 Bambang St., Metro Manila

CREDIT BALANCE

1,284,000.00

ACCOUNT NO.: 103

CREDIT BALANCE

300,000.00 546,825.00

246,825.00 300,000.00

ACCOUNT NO.: 104705 Aurora Bldg., Cubao, Quezon City

CREDIT BALANCE

410,000.00 410,000.00

ACCOUNT NO.: 10563 Manotoc St., Quezon City

CREDIT BALANCE

528,000.00666,285.00

528,000.00 138,285.00

ACCOUNT NO.: 106128 Pebble Road, Mandaluyong, MM

CREDIT BALANCE

150,000.00

ACCOUNT NO.: 10723 Hidalgo, Binondo, Manila

CREDIT BALANCE

224,500.00224,500.00

ACCOUNT NO.: 1081642 Reyes Avenue, Manila

CREDIT BALANCE

757,500.00757,500.00

289,875.00

ACCOUNT NO.: 10936 Rizal Avenue, Sta. Cruz, Manila

CREDIT BALANCE

50,000.0054,625.00

4,625.00 50,000.00

ACCOUNT NO.: 11116 Legarda St., Manila

CREDIT BALANCE

300,000.00546,825.00

246,825.00 300,000.00

ACCOUNT NO.: 11285 Cantada St., Diliman, Quezon City

CREDIT BALANCE

300,000.00350,000.00

(50,000.00)

ACCOUNT NO.: 113582 Kamagong St., Makati City

CREDIT BALANCE

370,000.00370,000.00

1,021,475.0021,475.00 1,000,000.00

1,000,000.00 - -

ACCOUNT NO.: 114785 Ayala Avenue, Makati City

CREDIT BALANCE

100,000.00186,500.00

ACCOUNT NO.: 115220 Ortigas St., Mandaluyong

CREDIT BALANCE

675,000.00650,805.00762,200.00

187,200.00 575,000.00

ACCOUNT NO.: 117

326 Quirino Avenue, Baclaran

CREDIT BALANCE

520,000.0020,000.00 500,000.00

500,000.00 - -

ACCOUNT NO.: 11825 Lumot St., Tondo, Manila

CREDIT BALANCE

264,000.00

ACCOUNT NO.: 11985 Laong-Laan St., Metro Manila

CREDIT BALANCE

681,000.00681,000.00

ACCOUNT NO.: 120162 Laong-Laan St., Metro Manila

CREDIT BALANCE

1,600,000.00

ACCOUNT NO.: 121482 Rizal Avenue, Metro Manila

CREDIT BALANCE

1,060,000.001,060,000.00

204,475.00

ACCOUNT NO.: 123Rm. 307 ABC Bldg., Ayala Avenue, Makati City

CREDIT BALANCE

1,700,000.00

ACCOUNT NO.: 1241856 Ayala Avenue, Makati City

CREDIT BALANCE

1,000,000.001,224,500.00

ACCOUNT NO.: 1252000 C.M. Recto Avenue, Manila

CREDIT BALANCE

970,000.00500,000.00 470,000.00470,000.00 - -

ACCOUNT NO.: 126296 Frisco St., Novaliches

CREDIT BALANCE

736,000.00

ACCOUNT NO.: 127852 Buendia Avenue, Makati City

CREDIT BALANCE

845,000.00845,000.00

868,500.00868,500.00

ACCOUNT NO.: 128555 Ilocos St., Metro Manila

CREDIT BALANCE

150,000.00208,350.00

580,350.00 150,000.00

ACCOUNTS PAYABLE SUBSIDIARY LEDGERS

NAME: Arboleda Co., Inc.ADDRESS: 456 Quezon Boulevard Extension, Quezon City


2004Nov. 30 Balance

Dec. 1 PI 101CV 304 175,000.00CV 306 155,450.00PI 117CV 311 85,000.00PI 127CV 316 25,750.00PI 130

NAME: Sapphire CorporationADDRESS:


2004Nov. 30 Balance

Dec. 3 PI 10825 CV 301 972,750.00

10 CV 305 114,900.0018 PI 109523 PI 109928 CV 318 85,000.00

NAME: Genius Paper ProductsADDRESS: 951 Del Sol Avenue, Pasay City


2004Nov. 30 Balance

Dec. 1 converted to 90-day 24% note 1,906,500.002 PI 1112 CV 300 300,000.006 PI 1276 converted to 27% 150-day note 1,600,000.00

10 PI 13015 CV 309 625,000.0020 PI 140

85 Quarry Avenue, Parañaque City

22 PI 14526 PI 14726 CV 313 32,500.0026 CV 314 127,875.0026 CV 315 25,000.0028 PI 151

ACCOUNTS PAYABLE SUBSIDIARY LEDGERS

ACCOUNT NO.: 1001456 Quezon Boulevard Extension, Quezon City

CREDIT BALANCE

1,554,500.00413,750.00 1,968,250.00

1,793,250.001,637,800.00

85,000.00 1,722,800.001,637,800.00

25,750.00 1,663,550.001,637,800.00

19,125.00 1,656,925.00

ACCOUNT NO.: 1002

CREDIT BALANCE

2,100,470.00459,600.00 2,560,070.00

1,587,320.001,472,420.00

85,000.00 1,557,420.0012,250.00 1,569,670.00

1,484,670.00

ACCOUNT NO.: 1003951 Del Sol Avenue, Pasay City

CREDIT BALANCE

1,906,500.00- -

1,425,000.00 1,425,000.001,125,000.00

1,600,000.00 2,725,000.001,125,000.00

1,200,000.00 2,325,000.001,700,000.00

127,870.00 1,827,870.00

130,000.00 1,957,870.0045,000.00 2,002,870.00

1,970,370.001,842,495.001,817,495.00

165,000.00 1,982,495.00

STOCK CARDITEM PencilDESCRIPTION Mongol Plain

DATEREFERENCE

RECEIVEDPURCHASE INV. SALES INV.

2004Nov. 30 BalanceDec. 1 PI 101 5,000.00

4 SI 125112 SI 125426 SI 125930 SI 126131 SI 1265

STOCK CARDITEM PencilDESCRIPTION Steadler charcoal

DATEREFERENCE


2004Nov. 30Dec. 3 PI 1082 5,000.00

4 SI 125112 SI 125426 SI 125930 SI 126131 SI 1265

STOCK CARDITEM BallpenDESCRIPTION BIC-Red

DATEREFERENCE



4 SI 125112 SI 125426 SI 1259

30 SI 126231 SI 1263

STOCK CARDITEM BallpenDESCRIPTION BIC-Blue

DATEREFERENCE


2004Nov. 30 BalanceDec. 4 SI 1251

12 SI 125516 PI 117 10,000.00 26 SI 125930 SI 126231 SI 1263

STOCK CARDITEM BallpenDESCRIPTION BIC-Black

DATEREFERENCE



12 SI 125418 PI 1095 10,000.00 26 SI 125930 SI 126231 SI 1263

STOCK CARDITEM Fountain PenDESCRIPTION Pilot

DATEREFERENCE



17 SI 125624 PI 127 250.00 26 SI 1259

STOCK CARDITEM WorksheetDESCRIPTION Vernal - 16 columns

DATEREFERENCE



12 SI 125417 SI 125630 SI 126131 SI 1263


DATEREFERENCE



12 SI 125417 SI 125630 SI 126131 SI 1263


DATEREFERENCE



10 SI 125312 SI 125417 SI 125630 SI 126131 SI 1263


DATEREFERENCE



10 SI 125312 SI 125417 SI 125630 SI 126131 SI 1263

STOCK CARDITEM Pad PaperDESCRIPTION Old Mill - intermediate

DATEREFERENCE



12 SI 125519 SI 125723 SI 125830 SI 1261

STOCK CARDITEM Pad PaperDESCRIPTION Old Mill - yellow

DATEREFERENCE



12 SI 125419 SI 125723 SI 125830 SI 126131 SI 1263

STOCK CARDITEM Bond PaperDESCRIPTION Whitey

DATEREFERENCE



10 PI 130 4,250.00 SI 1253

12 SI 125417 SI 125726 SI 126031 SI 1263

STOCK CARDITEM Onion SkinDESCRIPTION Milky

DATEREFERENCE



8 SI 125310 PI 130 3,000.00 12 SI 125419 SI 125726 SI 1260

STOCK CARDITEM CartolinaDESCRIPTION

DATEREFERENCE



17 SI 125620 PI 130 2,250.00 23 SI 125830 SI 1261

STOCK CARDITEM Plastic CoverDESCRIPTION

DATEREFERENCE


2004Nov. 30 BalanceDec. 9 PI 112 5000

12 SI 125423 SI 1258

STOCK CARDITEM Art PaperDESCRIPTION

DATEREFERENCE



20 PI 140 750.00 23 SI 1258

STOCK CARDITEM InkDESCRIPTION Quink

DATEREFERENCE


2004Nov. 30 BalanceDec. 7 PI 107 600.00

10 SI 125312 SI 125526 SI 1260

STOCK CARDITEM FolderDESCRIPTION Regular

DATEREFERENCE



12 SI 125415 PI 135 2,500.00 23 SI 125826 SI 1259

STOCK CARDITEM FolderDESCRIPTION Long

DATEREFERENCE



15 PI 135 2,000.00

23 SI 125826 SI 1259

STOCK CARDITEM Paper ClipsDESCRIPTION Silver

DATEREFERENCE



12 SI 125517 SI 125623 PI 1099 250.00 26 SI 125930 SI 1261

STOCK CARDITEM Thumb TacksDESCRIPTION Golden

DATEREFERENCE



12 SI 125517 SI 125623 PI 1099 250.00 26 SI 125930 SI 1261

STOCK CARDITEM GlueDESCRIPTION Elmer's

DATEREFERENCE


2004

Nov. 30 BalanceDec. 7 SI 1252

12 SI 125523 SI 125826 SI 126029 PI 130 850.00 30 SI 1261

STOCK CARDITEM Carbon paperDESCRIPTION Blackie

DATEREFERENCE



8 SI 125312 SI 125526 PI 147 450.00 26 SI 125930 SI 1263

STOCK CARDITEM Typewritter RibbonDESCRIPTION Rollo-O

DATEREFERENCE



12 SI 125526 SI 125927 PI 1100 650.00 31 SI 1263

STOCK CARDITEM ScissorsDESCRIPTION

DATEREFERENCE


2004Nov. 30 BalanceDec. 3 PI 1082 800.00

12 SI 125117 SI 125319 SI 125523 SI 1259

STOCK CARDITEM NotebookDESCRIPTION Leaf Thick

DATEREFERENCE



19 SI 125722 PI 145 4,000.00 23 SI 125831 SI 1262

STOCK CARDITEM NotebookDESCRIPTION Bind Thin

DATEREFERENCE



19 SI 125723 SI 125828 PI 151 6,000.00 30 SI 1262

STOCK CARD

ITEM FastenerDESCRIPTION

DATEREFERENCE



19 SI 125522 PI 120 5,000.00 23 SI 125831 SI 1260

STOCK NO. 1001UNIT box

ISSUED BALANCE

200.00 5,200.00

1,250.00 3,950.00 800.00 3,150.00 240.00 2,910.00 50.00 2,860.00 500.00 2,360.00


ISSUED BALANCE

100.00 5,100.00

250.00 4,850.00 700.00 4,150.00 120.00 4,030.00 100.00 3,930.00 500.00 3,680.00

STOCK NO. 1003UNIT piece

ISSUED BALANCE

500.00 8,000.00

400.00 7,600.00 2,500.00 5,100.00 240.00 4,860.00

150.00 4,720.00 750.00 3,680.00


ISSUED BALANCE

4,000.00 750.00 3,250.00 2,500.00 750.00

10,750.00 250.00 10,500.00 750.00 9,750.00 1,250.00 8,500.00


ISSUED BALANCE

5,000.00 750.00 4,250.00 2,500.00 1,750.00

11,750.00 250.00 11,500.00 750.00 10,750.00 1,250.00 9,500.00


ISSUED BALANCE

200.00 70.00 130.00

50.00 80.00 330.00

80.00 250.00

STOCK NO. 1007UNIT pads

ISSUED BALANCE

100.00 15,100.00

500.00 14,600.00 300.00 14,300.00 500.00 13,800.00 1,250.00 12,550.00


ISSUED BALANCE

200.00 13,700.00

500.00 13,200.00 500.00 12,700.00 500.00 12,200.00 2,000.00 10,200.00


ISSUED BALANCE

100.00 17,100.00

50.00 17,050.00 500.00 16,550.00 400.00 16,150.00 200.00 15,950.00 1,250.00 14,700.00


ISSUED BALANCE

200.00 15,200.00

50.00 15,150.00 500.00 14,650.00 500.00 14,100.00 500.00 13,600.00 1,500.00 12,100.00


ISSUED BALANCE

100.00 7,600.00

1,500.00 6,100.00 250.00 5,850.00 1,500.00 4,350.00 500.00 3,850.00


ISSUED BALANCE

200.00 8,700.00

1,500.00 7,200.00 450.00 6,750.00 1,250.00 5,500.00 500.00 5,000.00 1,200.00 3,800.00

STOCK NO. 1013UNIT reams

ISSUED BALANCE

200.00 150.00 50.00

4,300.00 100.00 4,200.00 500.00 3,700.00 100.00 3,600.00 200.00 3,400.00 600.00 2,800.00


ISSUED BALANCE

300.00 200.00 100.00 80.00 20.00

3,020.00 700.00 2,320.00 100.00 2,220.00 360.00 1,860.00

STOCK NO. 1015UNIT rolls

ISSUED BALANCE

500.00 300.00 200.00 150.00 50.00

2,300.00 450.00 1,850.00 250.00 1,600.00

STOCK NO. 1016UNIT meters

ISSUED BALANCE

1005100

2500 26001300 1300


ISSUED BALANCE

300.00 250.00 50.00

800.00 200.00 600.00

STOCK NO. 1018UNIT bottle

ISSUED BALANCE

100.00 700.00

70.00 630.00 150.00 480.00 150.00 330.00


ISSUED BALANCE

1,000.00 350.00 650.00 500.00 150.00

2,650.00 250.00 2,400.00 600.00 1,800.00


ISSUED BALANCE

600.00 500.00 100.00

2,100.00

250.00 1,850.00 600.00 1,250.00


ISSUED BALANCE

150.00 10.00 140.00 100.00 40.00 20.00 20.00

270.00 30.00 240.00 50.00 190.00


ISSUED BALANCE

200.00 10.00 190.00 100.00 90.00 20.00 70.00

320.00 30.00 290.00 50.00 240.00


ISSUED BALANCE

600.00 60.00 540.00 300.00 240.00 150.00 90.00 60.00 30.00

880.00 120.00 760.00


ISSUED BALANCE

200.00 20.00 180.00 20.00 160.00 150.00 10.00

460.00 40.00 420.00 60.00 360.00


ISSUED BALANCE

600.00 20.00 580.00 240.00 340.00 60.00 280.00

930.00 100.00 830.00

STOCK NO. 1026UNIT pair

ISSUED BALANCE

50.00 850.00

300.00 550.00 200.00 350.00 50.00 300.00 150.00 200.00


ISSUED BALANCE

2,000.00 1,500.00 500.00 300.00 200.00

4,200.00 300.00 3,900.00 450.00 3,450.00


ISSUED BALANCE

7,000.00 4,000.00 3,000.00 1,200.00 1,800.00 1,200.00 600.00

6,600.00 3,200.00 3,400.00


ISSUED BALANCE

1,500.00 350.00 1,150.00 1,000.00 150.00

5,150.00 500.00 4,650.00 1,200.00 3,450.00

CASH

Cash account conducted before the start of business on January 5, 2005 at 8:00 AM yielded thefollowing

COINS CURENCYDenominations Qty. Denominations Qty. P 10.00 9 P 500.00 1 5.00 20 200.00 1 1.00 50 100.00 2 0.50 20 50.00 3 0.10 40 20.00 5

CHECKS

Date Number OR Drawer Amount

12.28.2004 PCIB Check #2255 118 Louie Tan 484,000.00

12.30.2004 FEBTC Check #408 119 Eagle Contractor 165,560.00

12.30.2004 PNB Check #1122 120 Dynasty Construction 186,250.00

12.31.2004 PCIB Check #4425 121 Benitez Merchandising 93,750.00

12.31.2004 FEBTC Check #775 122 Susan de Leon 204,475.00

01.03.2005 123 Luli Samson 29,725.00

UNUSED STAMPS

11 pieces @ P 5.50

Vouchers for unreplenished expenses and advances were available on this date and found in order.

PNB Check #203 (dated Jan. 15, 2005)

GRACE CORPORATIONBank ReconcilliationNovember 30, 2004

Balance per BankAdd Undeposited Collection

Less Outstanding Checks

Date Check # Amount11/28/2004 12340 P 100,000.00 11/29/2004 12342 123,500.00

11/25/2004 12344 143,000.00

Balance per Ledger

GRACE CORPORATIONBank ReconcilliationNovember 30, 2004

P 1,396,000.00 170,500.00

566,500.00

P 1,000,000.00

Re: Grace Corporation

1.

of the abovementioned client:

AMOUNT DESCRIPTIONINTEREST

RATE (P.A.) PAID UP TO

14,267,272 Regular Checking Acct. 775

Regular Checking Acct.

Savings Acct. 1 year%

6,500,000 Time Deposits 18% maturity

2. Direct liabilities, assets and related balances of said clients as at the 5. Other accounts with the bank on that date were:

date above mentioned date were as follows: (attached details by LC) (details attached)*

ACCOUNTAMOUNT a) Securities held for safekeeping

FOREIGN CURRENCY PESO b) Items held for collectionAcceptance c) Trust accountsDrafts d) Others (specify)Trust Receipts

Marginal Deposits

Special Time Deposits

Import Letters of Credit

Domestic Letters of Credit

3. We further report that the acove-mentioned client was directly liable to us by way of overdrafts, loans, etc. at the close of business on that date as follows:

AMOUNT DESCRIPTION OF LIABILITY DUE DATEINTEREST

RATE (P.A.)

2004 2005

10,000,000 Loans 12.28 12.28 21%

Other (Specify)

4. Other direct and/or contingent liabilities were:

AMOUNT DECRIPTION OF ACCOUNT NAME OF MAKER DATE OF NOTE

Except as stated above, according to our records, said client had no other account with us at the above-mentioned date.

Date filled in: Jan. 2, 2005

We hereby report that at the close of business on DECEMBER 31, 2004 our records showed the following balances to the CREDIT

ACCOUNT NUMBER

DATE GRANTED

Grace Corporation

INTEREST

PAID UP TO

1 year%

maturity Due Date: June 30, 2005

5. Other accounts with the bank on that date were:

(details attached)*

a) Securities held for safekeepingb) Items held for collectionc) Trust accountsd) Others (specify)

We further report that the acove-mentioned client was directly liable to us by way of overdrafts, loans, etc. at the close of business on that date as follows:

INTEREST

PAID UP TO

2005

12.28 Land

DATE OF NOTE DUE DATE REMARKS

Except as stated above, according to our records, said client had no other account with us at the above-mentioned date.

Yours Truly,

Bank: PCIBBy: Jbiao Comptroller

our records showed the following balances to the CREDIT

RESTRICTION ON WITHDRAWAL OF AMOUNT AND OTHER REMARKS

DESCRIPTION OF COLLATERALS, LIENS, ENDORSERS, ETC. OTHER REMARKS

PCI Bank NAME AND ADDRESS:

GRACE CORPORATION

12 Ninoy Aquino Avenue, Paranaque City

We have debited your Current Account

No. 4486-9156-80 for service charges

for December.

DEBIT MEMO ACCOUNT NO.:


GRACE CORPORATION


We have debited your Current Account No. 4486-9156-80

for return of PCIB check #4825 for P 500,000.00

drawn against insufficient funds

DEBIT MEMO ACCOUNT NO.:


GRACE CORPORATION


We have credited your Current Account

No. 4486-9156-80 for collection of notes

receivable P 500,000.00 proceeds.

CREDIT MEMO ACCOUNT NO.:


GRACE CORPORATION



No. 4486-9156-80 for redeposit of PCIB

check #4825 for P 500,000.00



GRACE CORPORATION



No. 4486-9156-80 proceeds of P 10,000,000.00

promissory note discounted at 12%


DATE:

December 29, 2004

P 2,500.00

DATE:

December 10, 2004

P 500,000.00

DATE:

December 29, 2004

CA 4486-9156-80

CA 4486-9156-80

P 490,000.00

DATE:

December 13, 2004

P 500,000.00

DATE:

December 28, 2004

P 7,900,000.00

CA 4486-9156-80

CA 4486-9156-80

CA 4486-9156-80

MARKETABLE SECURITIES

A. Securities Count, January 5, 2005

Date Issued Certificate No. Name of Company No. of Shares Par Value

05.10.2004 993 PLDT 2,000 P07.31.2004 1082 PLDT 40005.10.2004 750 San Miguel 4,00005.10.2004 820 Philex Mining 500,00005.10.2004 725 Ornico 10,000,000

B. PCIB time deposit - 1 year maturity, due date June 30, 2005 - P 6,500,000.00

1. All of the above securities and Time Deposit Certificate were in the name of Grace Corporation.2. The Custodian (Ms. Sarah B. Tuason) acknowledged the return of the securities

C. From Makati Stock Exchange Monthly Review for December, 2004

Name Opening High Low

PLDT P 400 P 400 P 300San Miguel 230 250 180Philex Mining 1.90 1.90 1.60Ornico 0.00200 0.00200 0.00150

D. The following information relate to the stock investment of the Grace Corporation

Purchases / Stock Dividend:

Date Security Name Cert. No No. of Shares

03.08.2004 PLDT 993 2,000 @ P 250.00 P05.10.2004 A Soriano Corp. 828 95,000 @ P 10.0007.15.2004 PLDT - Stock Exchange 1082 400 @ P 320.0005.10.2004 San Miguel 750 4,000 @ P 180.0005.10.2004 Philex Mining 820 500,000 @ P 3.2205.10.2004 Ornico 725 10,000,000@ P0.18

Total debited to temporary investments PBroker's Commissions (5%) debited to Miscellaneous Expenses P

Sales:Date Security Name Cert. No. No. of Shares

11.20.2004 A. Soriano Corp. 828 95,000

Total amount credited to Marketable Securities P5% Broker's Commissions - debited to Miscellaneous Expenses P

Dividends:

Declared Date received

By Date or to be received

Stock: PLDT 07.14.2004 07.31.2004 (Cert. # 1082) 400 sharesCash: San Miguel 12.15.2004 01.15.2005 P 10 / share

Par Value

200.00 / share

100.00 / share1.00 / share

.01 / share

1. All of the above securities and Time Deposit Certificate were in the name of Grace Corporation.

Closing

P 340200

1.820.00190

500,00.00 950,000.00 - 720,000.00

1,610,00.00 1,800,000.00

5,580,000.00 279,000.00

2,080,000.00 104,000.00

400 sharesP 10 / share

Supplier's Price List(Partial)

Obtained on January 15, 2005

Genius Paper Products

Yellow Pad P 30.00 / padBond paper (Whitey) 140.00 / padBic Ballpen (any color) 9.00 / padWorksheet 16 columns 50.00 / pad 12 columns 50.00 / padThumbtacks 40.00 / boxThick Notebook 30.00 / pieceCalculator fx-39 (Casio) 1,800.00 / piece

Sapphire Corporation

Bond paper (Whitey) P 130.00 / reamFountain Pen (Pilot) 100.00 / pieceOnion Skin (Milky) 105.00 / reamCarbon Paper (Blackey) 100.00 / box

Arboleda Co., Inc.

Envelope - short P 4.00 / pieceEnvelope - long 6.00 / pieceCalculator fx-39 3,840.00 / piece fx-40 3,600.00 / piece hl-807 4,000.00 / pieceStapler (Max) 150.00 / piece

GRACE CORPORATIONPhysical Inventory List

January 4, 2005

ITEM BRAND

UNIT COST

UNITS TOTAL(VAT Inclusive)

Plain Pencil Mongol P 70.00 2,360 boxes P 165,200.00

Charcoal Pencil Staedler 90.00 3,680 boxes 331,200.00

Red Ballpen Bic 8.50 3,450 pieces 29,325.00

Blue Ballpen Bic 8.50 8,500 pieces 72,250.00

Black Ballpen Bic 8.50 9,500 pieces 80,750.00

Fountain Pen Pilot 103.50 230 pieces 23,690.00

Worksheet

16 columns Vernal 50.00 12,550 pads 627,500.00




Intermediate pad Old Mill 15.00 3,850 pads 57,750.00

Yello Pad Old Mill 30.00 3,800 pads 114,000.00

Bond Paper Whitey 130.00 2,800 reams 360,000.00

Onion Skin Milky 110.00 1,960 reams 215,600.00

Cartolina 9.00 1,540 rolls 13,500.00

Plastic Cover 17.50 1,300 meters 22,750.00

Art Paper 150.00 600 reams 90,000.00

Ink Quink 57.00 350 bottles 18,240.00

Regular Folder Carona 2.50 1,900 pieces 4,750.00

Long Folder Carona 3.50 1,200 pieces 4,200.00

Paper Clips Silver 30.00 300 boxes 9,000.00

Thumbtacks Golden 40.00 350 boxes 12,800.00

Glue Elmer's 22.50 660 bottles 14,850.00

Carbon Paper Blackey 100.00 360 boxes 36,000.00

Typewriter Ribbon Roll-O 20.50 630 boxes 12,915.00

Scissors Mayon 12.00 150 pairs 1,800.00

Thick Notebook 32.50 3,450 pieces 112,125.00

Thin Notebook 27.50 10,600 pieces 227,900.00

Fastener 1.10 3,450 pieces 37,950.00

Envelope - short Carona 2.50 0 pieces

Envelope - long Carona 3.50 0 pieces

Calculator

fx-39 Casio 1,800.00 0 pieces

fx-40 Casio 2,000.00 0 pieces

hl-807 Casio 1,000.00 0 pieces

Stapler Max 152.50 5 pieces 762.50

P 4,522,787.00

INVENTORY COUNT SHEET

DATE OF COUNT: CLIENT'S NAME STICK LOCATION

JANUARY 4, 2005GRACE CORPORATION STORE BALANCE SHEET DATE:

DECEMBER 31, 2004DESCRIPTION QUANTITY

AUDITOR'S STOCK PER CLIENT'S

BRAND & STOCK UNIT COUNT PER COUNT COUNT LIST DIFFERENCE

Bic Ballpen - Reb pcs. 3,450 - Blue pcs. 8,500 - Black pcs. 9,500 Charcoal Pencil box 3,680 Plain Pencil box 2,360

Whitey Bond paper ream 2,800 Yellow pad pad 3,800 Glue Elmer's botl. 660 Roll-O Typewiter ribbon box 630 Calculator - fx-39 pcs. 0 - fx-40 pcs. 0 - hl-807 pcs. 0 Max Stapler pcs. 5 Worksheet - 16 columns pads 12,550 - 14 columns pads 10,200 - 12 columns pads 14,400 - 10 columns pads 12,150

TAKEN BY SHEET NO. _____ OF _____ SHEETS

COMPLETE CHECK

AUDITOR'S REPRESENTATIVE CLIENT'S REPRESENTATIVE ü TEST CHECK

FOR AUDITOR FOR CLIENT

INVENTORY COUNT SHEET

STICK LOCATION

STORE

REMARKS

COMPLETE CHECK

INVENTORY OF UNUSED ACCOUNTABLE FORMS

Inventory Date: Company: Location of Forms:

01.01.2005 GRACE CORPORATION Parañaque City

Name of Forms

Unused Forms Last Used Last Printing

Date No. DateFrom To

Official Receipts 50 124 150 10 01.03.2005 123 03.15.2002

151 650

Checks: PCIB 100 12368 12400 4 01.04.2005 12371 11.20.2002

12401 12800

Cash Vouchers 50 323 350 13 01.04.2005 32 06.15.2002

351 1000

Sales Invoice 50 1269 1300 14 01.03.2005 1268 06.15.2002

1300 2000

Delivery Receipts 50 322 350 14 01.03.2005 321 06.15.2002

351 1050

Taken or Prepared by: (for client) Verified by: (for CPA)

Signature Initial: Date:

Sets per pad

No. of Pads

to be tied with last count Serial Number

INVENTORY OF UNUSED ACCOUNTABLE FORMS

Custodian:

Sheila FuentesLast Printing

Reference

Serial Number

From To

001 650 Printer's Invoice/

BIR Permit

12301 12800 Debit Memo

001 1000 Printer's Invoice

001 2000 Printer's Invoice/

BIR Permit

001 1050 Printer's Invoice

Reviewed by:

Initial: Date:

GRACE CORPORATIONSchedule of Plant, Property & Equipment

December 31, 2004

Ledger Reference/Classification Description Date CostLand A parcel of land, Lot 4, Blk 2 of the consoli- CV-11-182 P 16,500,000.00

dation-subdivision plan PCS 12456 situated 11.02.2003in Sucat, Municipality of Parañaque, Provinceof Rizal containing an area of two thousand(2,000) square meters more or less

Building 2,000 sq.m. concrete building CV-11-182 33,000,000.00 11.02.2003

Additional improvements CV-1-5 20,000,000.00 01.05.2004

P 53,000,000.00

Furniture 80 showcases for the store CV-6-2 400,000.00

& Fixture @ P 5,000 06.01.2003

40 office tablets & 40 office CV-6-3 480,000.00

chairs @ P 24,000 06.02.2003

10 conference tablets with 80 CV-8-10 600,000.00

chairs 08.20.2003

30 four-drawer steel cabinets CV-7-10 240,000.00

07.10.2003

CV-7-11 280,000.00 07.11.2003

CV-8-13 320,000.00 08.15.2003

Air-conditioning System CV-3-16 1,230,000.00 08.18-2003

P 3,550,000.00

Delivery Isuzu Crewcab CV-12-20 P 6,000,000.00 Vans Model 1993, Motor #123456 12.20-2003

Chassis #821618

Office 10 Personal Computers CV-8-01 2,050,000.00 Equipment Pentium 6 08.01-2003

SN 41226 SN 4123141227 4123241228 4123341229 4123441230 41235

1 office safe fire proof Hobart

50 venetian blinds FineLine

Olympia Electric Typewriter CV-8-02 25,000.00 SN 41226 08.01-200318" Carriage. Model 142C

Olympia Electric Typewriter CV-8-03 25,000.00 SN 528376 08.01-200312" Carriage. Model 215

10 Electric Fans CV-8-03 30,000.00 SN 15381 SN 15386 08.01-2003

15382 1538715383 1538815384 1538915385 15390

P 2,130,000.00

GRACE CORPORATIONOrganizational CostDecember 31, 2004

Date Reference2002May 2 Securities and Exchange CV# 2002 5-2 registration fee for the

Commission corporation

April 3 Atty. Arthur Cruz CV# 2002 4-3 professional fee forincorporationpapers

April 15 Century Park Sheraton CV# 2002 4-6 food served for meetingson the establishment ofthe corporation

July 30 Officers and Employees CV# 2002 6-4 salaries for the 1st monthof the corporation's

existence

GRACE CORPORATIONSchedule of Plant, Property & Equipment

December 31, 2004

Estimated Life fromAcquisition Date

20 years

40 years

5 years

10 years

5 years

10 years

10 years

5 years

GRACE CORPORATIONOrganizational CostDecember 31, 2004

registration fee for the 100,000.00

200,000.00

food served for meetingson the establishment of

280,000.00

salaries for the 1st month

420,000.00

--------------------------- 1,000,000.00

GRACE CORPORATIONAdvertising

For the Year Ended December 31,2004

Date CV# Payee Particulars02.15.2003 Catchy Ads, Inc. Advertisement in Bulletin Today

Published 01.15.200406.15.2004 Catchy Ads, Inc. Retainer fee for seven months effective

July 1 , 2004

TOTAL08.20.2004 Advertisement - Times Journal

08.21.2004

12.31.2004 Brochures

GRACE CORPORATIONInsurance


Date CV# Payee Particulars01.02.2004 Cardinal Insurance Premium on insurance of delivery

Corporation vans for one year effective 01.01.2004

03.12.2004 Filipino Insurance Premium in insurance of building

Corporation and equipment and fixture for

one year effective 03.15.2004

(Pol.# 279825)

GRACE CORPORATIONCost of Sales

2004

Month

January ………………………………………………………………………………………… February ……………………………………………………………………………………… March …………………………………………………………………………………………… April ……………………………………………………………………………………………… May ………………………………………………………………………………………………

June ……………………………………………………………………………………………… July ……………………………………………………………………………………………… August …………………………………………………………………………………………… September …………………………………………………………………………………… October ………………………………………………………………………………………… November ………………………………………………………………………………………

December ………………………………………………………………………………………

GRACE CORPORATIONNet Sales

2004

Month

January P 10,062,010.00 P 41,000.00 P 35,000.00 February 9,025,015.00 80,020.00 60,000.00 March 10,011,525.00 65,025.00 25,300.00 April 15,082,845.00 122,000.00 150,000.00 May 13,075,070.00 101,000.00 130,000.00 June 12,066,685.00 214,500.00 152,000.00 July 9,035,015.00 72,000.00 52,000.00 August 7,822,085.00 52,515.00 45,000.00 September 9,015,025.00 66,025.00 51,000.00 October 8,025,015.00 85,035.00 48,000.00 November 8,062,010.00 100,880.00 51,700.00

December 2,811,223.00 41,475.00 66,435.00

P 117,060,223.00 P 1,041,475.00 P 866,435.00

GRACE CORPORATIONSalaries Expense


Name of Employee Particulars

Eric Gaston Salary for the year @ P 80,000 / month

Joan Gaston Salary for the year @ P 42,000 / month

Amy Josef Salary for the year @ P 50,000 / month

Sarah Tuason Salary for the year @ P 48,320 / month

Other Employees

GRACE CORPORATIONTaxes and Licenses


Date Payee OR#

02.14.2004 Real Estate Tax A-72925

02.15.2004 Municipal Tax S-842782

02.18.2004 Residence Certificate C & C1 F-231475

03.28.2004 Registration for Delivery Vans W-24687

GRACE CORPORATIONAdvertising


Amount

P 250,000.00

350,000.00

P 600,000.00

257,195.00

100,000.00

P 957,195.00

GRACE CORPORATIONInsurance


Amount

P 360,000.00

240,000.00

P 600,000.00

GRACE CORPORATIONCost of Sales

2004

Amount

January ………………………………………………………………………………………… P 5,342,356.00 February ……………………………………………………………………………………… 5,266,997.00 March …………………………………………………………………………………………… 4,792,627.00 April ……………………………………………………………………………………………… 6,127,495.00 May ……………………………………………………………………………………………… 6,803,923.00

June ……………………………………………………………………………………………… 4,770,269.00 July ……………………………………………………………………………………………… 4,857,439.00 August …………………………………………………………………………………………… 3,581,742.00 September …………………………………………………………………………………… 4,922,788.00 October ………………………………………………………………………………………… 4,151,050.00 November ……………………………………………………………………………………… 4,168,814.00

December ……………………………………………………………………………………… 1,861,387.00

P 56,646,887.00

GRACE CORPORATIONNet Sales

2004

Amount

P 9,986,010.00 8,884,995.00 9,921,200.00 14,810,845.00 12,844,070.00 11,666,885.00 8,911,015.00 7,724,570.00 8,898,000.00 7,891,980.00 7,909,730.00

2,703,313.00

P 112,152,313.00

GRACE CORPORATIONSalaries Expense


Amount

P 960,000.00

504,000.00

600,000.00

579,840.00

21,379,000.00

P 24,022,840.00

GRACE CORPORATIONTaxes and Licenses


Amount

P 240,000.00

500,000.00

30,000.00

140,000.00

P 910,000.00

PROMISSORY NOTE(Note Payable- Officer)

P 1,700,000.00

For value received, I / we jointly and severally promise to pay,Grace Corporation or order, the sum of One million seven hundred

thousand pesos (P 1,700,000.00 ), Philippine Currency at an annualinterest rate of none % payable at 12 Ninoy Aquino Ave., Paranaque City

If this note is placed in the hands of attorney for collection; the makes and endorsers shall, in addition, pay 25% of the amount due as attorney's fees and costs of collection (aside from the costs of litigation allowed by the Rules of Court).

Signature Signature

Alfredo P. Cacho Sarah B. Tuason

for Grace Corporation

Name in Print Name in Print

12 Ninoy Aquino Avenue58 Rizal Avenue, Manila Paranaque City

Mailing Address Mailing Address

Res. Cert. No.: AB582485 Res. Cert. No.: AB3486789Date: January 30, 2004 Date: January 19, 2004Place of Issue: Manila Place of Issue: Paranaque City

SIGNED IN THE PRESENCE OF: SIGNED IN THE PRESENCE OF:

PROMISSORY NOTE(Note Receivable)

P 470,000.00

For value received, I / we jointly and severally promise to pay,Grace Corporation or order, the sum of Four hundred seventy thousand

thousand pesos (P 470,000.00 ), Philippine Currency at an annualinterest rate of 24 % payable at 12 Ninoy Aquino Ave., Paranaque City


Signature Signature

Sarah B. Tuason

for Grace Corporation Johann Morales


12 Ninoy Aquino Avenue 301 Frico Street

Paranaque City Novaliches, Quezon City


Res. Cert. No.: AB3486789 Res. Cert. No.: A4882283Date: January 19, 2004 Date: January 15, 2004Place of Issue: Paranaque City Place of Issue: Quezon City


PROMISSORY NOTE(Note Payable)

P 1,906,500.00

For value received, I / we jointly and severally promise to pay,Genius Paper Products or order, the sum of One million nine hundred sixthousand five hundred pesos (P 1,906,500.00 ), Philippine Currency at an annual

interest rate of 24 % payable at 565 Solana Avenue, Pasay City


Signature Signature

Felicisomo Rey Sarah B. Tuason

for Genius Paper Products for Grace Corporation


565 Solana Avenue 12 Ninoy Aquino AvenuePasay City Paranaque City


Res. Cert. No.: AB513468 Res. Cert. No.: AB3486789Date: January 30, 2004 Date: January 19, 2004Place of Issue: Pasay City Place of Issue: Paranaque City



P 2,500,000.00

For value received, I / we jointly and severally promise to pay,Grace Corporation or order, the sum of Two million five hundred

thousand pesos (P 2,500,000.00 ), Philippine Currency at an annualinterest rate of 24 % payable at 12 Ninoy Aquino Ave., Paranaque City


Signature Signature

Sarah B. Tuason Alicia M David



12 Ninoy Aquino Avenue 58 Veronica Street

Paranaque City Sta. Mesa, Manila


Res. Cert. No.: AB3486789 Res. Cert. No.: 5982283Date: January 19, 2004 Date: January 17, 2004Place of Issue: Paranaque City Place of Issue: Manila



P 1,600,000.00

For value received, I / we jointly and severally promise to pay,Genius Paper Products or order, the sum of One million six hundred

thousand pesos (P 1,600,000.00 ), Philippine Currency at an annualinterest rate of 27 % payable at 565 Solana Avenue, Pasay City


Signature Signature

Felicisomo Rey Sarah B. Tuason

for Genius Paper Products for Grace Corporation


565 Solana Avenue 12 Ninoy Aquino AvenuePasay City Paranaque City


Res. Cert. No.: AB513468 Res. Cert. No.: AB3486789Date: January 30, 2004 Date: January 19, 2004Place of Issue: Pasay City Place of Issue: Paranaque City


PROMISSORY NOTE(Note Payable- Officer)

October 1, 2004

360 days after date One million seven hundred

), Philippine Currency at an annual12 Ninoy Aquino Ave., Paranaque City .

If this note is placed in the hands of attorney for collection; the makes and endorsers shall, in addition, pay 25% of the amount due as attorney's fees and costs of collection (aside from the costs of

Signature

Sarah B. Tuason


Name in Print

12 Ninoy Aquino AvenueParanaque City

Mailing Address

Res. Cert. No.: AB3486789Date: January 19, 2004Place of Issue: Paranaque City

SIGNED IN THE PRESENCE OF:


December 8, 2004

sixty days after date Four hundred seventy thousand



Signature

Johann Morales

Name in Print

301 Frico Street

Novaliches, Quezon City

Mailing Address

Res. Cert. No.: A4882283Date: January 15, 2004Place of Issue: Quezon City



December 1, 2004

ninety days after date One million nine hundred six

), Philippine Currency at an annual 565 Solana Avenue, Pasay City .


Signature

Sarah B. Tuason


Name in Print


Mailing Address




December 5, 2004

120 days after date Two million five hundred



Signature

Alicia M David

Name in Print

58 Veronica Street

Sta. Mesa, Manila

Mailing Address

Res. Cert. No.: 5982283Date: January 17, 2004Place of Issue: Manila



December 5, 2004

150 days after date One million six hundred

), Philippine Currency at an annual 565 Solana Avenue, Pasay City .


Signature

Sarah B. Tuason


Name in Print


Mailing Address



SUBSCRIBER'S LEDGER ALICIA M. DAVIDSTOCK SUBSCRIBED STOCK PAYMENT

DATE NO. OF SHARES VALUE DATE NO. OF SHARES

2002 2002Mar. 5 50,000 5,000,000.00 Apr. 19

2004 2004Mar. 25 75,000 9,000,000.00 75,000

SUBSCRIBER'S LEDGER SARAH B. TUASONSTOCK SUBSCRIBED STOCK PAYMENT


2002 2002Apr. 26 50,000 5,000,000.00 Apr. 26

2004Jan. 10 100,000 12,000,000.00

2004Jan. 10 100,000

SUBSCRIBER'S LEDGER MARIO PAREDESSTOCK SUBSCRIBED STOCK PAYMENT


2002 2002Dec. 26 50,000 5,250,000.00 Dec. 26

SUBSCRIBER'S LEDGER ALFREDO P. CACHOSTOCK SUBSCRIBED STOCK PAYMENT


2002 2002Mar. 5 50,000 5,000,000.00 Mar. 5

Dec. 15 10,000.00 Dec. 15 100,000 10,000,000.00

SUBSCRIBER'S LEDGER JOSELITO T. PERONSTOCK SUBSCRIBED STOCK PAYMENT


2002 2002Mar. 5 50,000 5,000,000.00 Mar. 5 1,250

NO. OF INSTALLMENTS

May. 10June.15

May. 25

NO. OF INSTALLMENTS

May. 10June.15July.5

NO. OF INSTALLMENTS

NO. OF INSTALLMENTS

May. 3

NO. OF INSTALLMENTS

Apr. 6 2,5001,250

Oct. 25 100,000 10,000,000.00 Oct. 25 100,000

SUBSCRIBER'S LEDGER LUIS G. FRAGANTESTOCK SUBSCRIBED STOCK PAYMENT


2002 2002Dec. 26 50,000 5,250,000.00 Mar. 7

Apr. 7

2004Mar. 15 75,000 9,000,000.00 Mar. 15 75,000

May. 8

NO. OF INSTALLMENTS

May. 5June.7

STOCK PAYMENT

VALUE

25% 1,250,000.00 25% 1,250,000.00 50% 2,500,000.00 5,000,000.00

100% 9,000,000.00

STOCK PAYMENT

VALUE

25% 1,250,000.00 25% 1,250,000.00 25% 1,250,000.00 25% 1,250,000.00 5,000,000.00

100% 12,000,000.00

STOCK PAYMENT

VALUE

50% 2,625,000.00 2,625,000.00

STOCK PAYMENT

VALUE

25% 1,250,000.00 75% 3,750,000.00 5,000,000.00 100% 10,000,000.00

STOCK PAYMENT

VALUE

should be diff25% 125,000.00 1,250,000.00 1,125,000.00

NO. OF INSTALLMENTS

NO. OF INSTALLMENTS

NO. OF INSTALLMENTS

NO. OF INSTALLMENTS

NO. OF INSTALLMENTS

50% 250,000.00 2,500,000.00 2,250,000.00 25% 125,000.00 1,250,000.00 1,125,000.00 100% 10,000,000.00 5,000,000.00 4,500,000.00

STOCK PAYMENT

VALUE

25% 1,250,000.00 25% 1,250,000.00 25% 1,250,000.00 25% 1,250,000.00

100% 9,000,000.00

NO. OF INSTALLMENTS

STOCKHOLDER'S LEDGER ALICIA M. DAVIDCERTIFICATE CANCELLED CERTIFICATE ISSUED

DATE JOURNAL FOLIO FRACTION DATE

2002Jun. 152004Mar. 25

STOCKHOLDER'S LEDGER SARAH B. TUASONCERTIFICATE CANCELLED CERTIFICATE ISSUED


2002Jun. 5

2004Jan. 10

STOCKHOLDER'S LEDGER ALFREDO P. CACHOCERTIFICATE CANCELLED CERTIFICATE ISSUED


2002

Dec, 15

STOCKHOLDER'S LEDGER JOSELITO T. PERONCERTIFICATE CANCELLED CERTIFICATE ISSUED


2002

Oct. 25

CERTIFICATE NUMBER

NUMBER OF SHARES

CERTIFICATE NUMBER

NUMBER OF SHARES

CERTIFICATE NUMBER

NUMBER OF SHARES

May. 3

CERTIFICATE NUMBER

NUMBER OF SHARES

May. 8

STOCKHOLDER'S LEDGER LUIS G. FRAGANTECERTIFICATE CANCELLED CERTIFICATE ISSUED


2002Jun. 7

2004Mar. 15

CERTIFICATE NUMBER

NUMBER OF SHARES

ALICIA M. DAVIDCERTIFICATE ISSUED

JOURNAL FOLIO FRACTION

1-D 50,000

1-J 75,000

SARAH B. TUASONCERTIFICATE ISSUED


1-E 50,000

1-H 100,000

ALFREDO P. CACHOCERTIFICATE ISSUED


1-A 50,0001-G 100,000

JOSELITO T. PERONCERTIFICATE ISSUED


1-B 50,0001-F 100,000

CERTIFICATE NUMBER

NUMBER OF SHARES

CERTIFICATE NUMBER

NUMBER OF SHARES

CERTIFICATE NUMBER

NUMBER OF SHARES

CERTIFICATE NUMBER

NUMBER OF SHARES

LUIS G. FRAGANTECERTIFICATE ISSUED


1-C 50,000

1-I 75,000

CERTIFICATE NUMBER

NUMBER OF SHARES

SUBSCRIPTION JOURNAL

DATE BY WHOM CERTIFICATE CANCELLED

SURRENDERED

LEDGER NO. NO.

FOLIO CERTIFICATE SHARES

2002

May 3

8

June 7

15

July 5

Oct. 25

Dec. 15

2004

Jan. 10

Mar. 15

25

SUBSCRIPTION JOURNAL

LEFT IN WHOSE CERTIFICATE ISSUED SIGNATURE

NAME Subject to By-Laws of company

LEDGER NO. NO.

FOLIO CERTIFICATE SHARES

Alfredo P. Cacho 1-A 50,000 (Sgd.)

Joselito T. Peron 1-B 50,000 (Sgd.)

Luis G. Fragante 1-C 50,000 (Sgd.)

Alicia M. David 1-D 50,000 (Sgd.)

Sarah B. Tuason 1-E 50,000 (Sgd.)

Joselito T. Peron 1-F 100,000 (Sgd.)

Alfredo P. Cacho 1-G 100,000 (Sgd.)

Sarah B. Tuason 1-H 100,000 (Sgd.)

Luis G. Fragante 1-I 75,000 (Sgd.)

Alicia M. David 1-J 75,000 (Sgd.)

THE FOLLOWING BALANCE DUE FROM ME (US) IS CORRECT: THE FOLLOWING BALANCE DUE FROM ME (US) IS CORRECT:

DUE TO: AS OF: AMOUNT: DUE TO:

GRACE CORPORATION December 31, 2004 P 289,975.00 GRACE CORPORATION

Signature: Conf.No. AR-11 Signature:

Position: Position:

CORA TAYAG IDA CORONEL

1642 Reyes Avenue, Manila 63 Manotoc Street, Quezon City

Returned by Post Office Returned by Post Office



GRACE CORPORATION December 31, 2004 P 1,700,000.00 GRACE CORPORATION

Signature: REX Enterprises Conf.No. AR-8 Signature: J. R. Alano Trading

Position: Chief Accountant Position: Chief Accountant

Balance is OK but this is not yet due. OK




Signature: Roces, Adriano & Salas, CPAs Conf.No. AR-10 Signature: Susan de Leon

Position: Chief Accountant Position:

This is correct. The above amount was paid in ful on

Dec. 31, 2004 per OR # 122.





Signature: Alberto & Associates, CPAs Conf.No. AR-3 Signature: R.V. Castro & Co.


OK Balance is correct.





Signature: Louie Tan Conf.No. AR-4 Signature: Gwendo Reyes

Position: Position: Comptroller

P 484,000 has been paid per OR# 118 Balance OK.

on December 28, 2004.





Signature: Centeno, Antonio & Tantoco, CPAs Conf.No. AR-16 Signature: Building Blocks, Inc.


Balance is not correct. Balance correct.

Iy should be P 736,000.00.


THE FOLLOWING BALANCE DUE FROM ME (US) IS CORRECT:

DUE TO: AS OF: AMOUNT:

GRACE CORPORATION December 31, 2004 P 300,000.00 No Reply:

1. Eagle ContractorsSignature: Anna Reyes Conf.No. AR-19 2. Valera Company

3. Legarda Company

Position: 4. Dynasty Construction5. Benitez Merchandising6. J. R. Alano

Balance OK.

Returned by Post Office

The company and auditor agreed on 5% Bad Debts Allowance based on adjusted balance of Accounts Receivables.


AS OF: AMOUNT:

December 31, 2004 P 138,285.00

Conf.No. AR-2

IDA CORONEL

63 Manotoc Street, Quezon City



AS OF: AMOUNT:

December 31, 2004 P 1,600,000.00

J. R. Alano Trading Conf.No. AR-9

Chief Accountant

OK


AS OF: AMOUNT:

December 31, 2004 P 204,475.00

Conf.No. AR-12

The above amount was paid in ful on

Dec. 31, 2004 per OR # 122.



AS OF: AMOUNT:

December 31, 2004 P 1,224,500.00

R.V. Castro & Co. Conf.No. AR-1

Chief Accountant

Balance is correct.



AS OF: AMOUNT:

December 31, 2004 P (50,000.00)

Conf.No. AR-7

Balance OK.



AS OF: AMOUNT:

December 31, 2004 P 575,000.00

Building Blocks, Inc. Conf.No. AR-17

Chief Accountant

Balance correct.


Not included in Send Out Confirmation:

1. Lighthouse Commercial2. Solomon Enterprises3. Carlo Santos

4. Chad Acosta5. Johann Morales6. Luli Samson

The company and auditor agreed on 5% Bad Debts Allowance based on adjusted balance of Accounts Receivables.

Conf. No. AP - 1

Our records show that the balance of P 1,982,495.00 as itemizes in the attached statement

was due from GRACE CORPORATION as of December 31, 2004

Name of Supplier / Creditor : GENIUS PAPER PRODUCTS

By (in print) : Jordan Miguel Position : Chief Accountant

Signature : Date January 25, 2005

Conf. No. AP - 2



Name of Supplier / Creditor : SAPPHIRE CORPORATION

By (in print) : Samantha Reyes Position : Chief Accountant


Conf. No. AP - 3



Name of Supplier / Creditor : ARBOLEDA CO., INC.

By (in print) : Joshua Madrigal Position : Chief Accountant


Conf. No. AP - 1

as itemizes in the attached statement

GENIUS PAPER PRODUCTS

Chief Accountant

January 25, 2005

Conf. No. AP - 2


SAPPHIRE CORPORATION

Chief Accountant

January 10, 2005

Conf. No. AP - 3


ARBOLEDA CO., INC.

Chief Accountant

January 20, 2005

C O R P O R A T I O N 12 Ninoy Aquino Avenue, Paranaque City | Tel: 632 843 7689

VAT 2004-002-148 | TIN 4004-009-175 Telefax: 632 843 7690 | Website: www.gracecorporation.biz.ph

Received from: Date:

Legarda Company December 1,2004

The sum of: Invoice no.

Two hundred twenty four thousand five hundred pesos only 1121

In settlement of:

Invoice # 1121

Cash: P

Checks:

PNB 481853 P 224,500.00

Total P 224,500.00

Received by:

TOTAL




Susan de Leon December 1,2004


One million thirty eight thousand eight hundred pesos only 1125

In settlement of: less:

Invoice # 1125 discount

Cash: P

Checks:

RCBC 329864 P 1,038,800.00

OFFICIAL RECEIPT No.


Grace

Grace

Total P 1,038,800.00

Received by:

TOTAL




Benitez Merchandising December 5,2004


Three hundred sixty two thousand six hundred pesos only 1125

In settlement of: discount

Invoice # 1135

Cash: P

Checks:

SBTC 928421 P 362,600.00

Total P 362,600.00

Received by:

TOTAL




Johann Morales December 8,2004


Five hundred thousand pesos only 1133



Grace

Grace

In settlement of:

Invoice # 1133

Cash: P

Checks:

PCIBank 4825 P 500,000.00

Total P 500,000.00

Received by:

TOTAL




Solomon Enterprises December 8,2004


Four hundred ninety thousand pesos only 1149

In settlement of: less: returns

Invoice # 1149 discount

Cash: P

Checks:

CBC 123498 P 490,000.00

Total P 490,000.00

Received by:

TOTAL



Grace

Grace




Eagle Contractors December 11,2004


Two hundred forty one thousans eight hundred eighty eight pesos only 1251

In settlement of: less: discount

Invoice # 1251

Cash: P

Checks:

RCBC 728465 P 241,888.00

Total P 241,888.00

Received by:

TOTAL




Ida Coronel December 12,2004


Five hundred twenty eight thousand pesos only 1152

In settlement of:

Invoice # 1152

Cash: P

Checks:

BPI 249169 P 528,000.00

Total P 528,000.00

Received by:


Grace

Grace

TOTAL




Luli Samson December 12,2004


Eight hundred forty five thousand pesos only 1231

In settlement of:

Invoice # 1231

Cash: P

Checks:

BPI 249169 P 845,000.00

Total P 845,000.00

Received by:

TOTAL




Valera Company December 15,2004


Four hundred ten thousand pesos only 1070

In settlement of:

Invoice # 1070

Cash: P

Checks:



Grace

Grace

RCBC # 876521 P 410,000.00

Total P 410,000.00

Received by:

TOTAL




Sampollo Company December 12,2004


Fifty six thousand eight hundred seventy four pesos only 1253


Invoice # 1253

Cash: P 56, 874.00

Checks:

P

Total P 56,874.00

Received by:

TOTAL




Cora Tayag December 17,2004



Grace

Grace


Seven hundred fifty seven thousand five hundred pesos only 1100

In settlement of:

Invoice # 1100

Cash: P

Checks:

PCIBank 246810 P 757,500.00

Total P 757,500.00

Received by:

TOTAL




Susan de Leon December 1,2004


Six hundred eighty one thousand pesos only 1242

In settlement of:

Invoice # 1242

Cash: P

Checks:

RCBC 369125 P 681,000.00

Total P 681,000.00

Received by:

TOTAL

OFFICIAL RECEIPT No.Grace

Grace




Benitez Merchandising December 20,2004


Nine hundred eighty thousand pesos only 1254

In settlement of: 1255

Invoice # 1254, 1255 total

Cash: P less:

Checks: returns

PCIBank 481265 P 980,000.00 discounts

Total P 980,000.00

Received by:

TOTAL




Building Blocks, Inc. December 23,2004


One hundred eighty seven thousand two hundred pesos only 1259

In settlement of: 1260

Invoice # 1259, 1260

Cash: P

Checks:

PNB 510152 P 187,200.00

Total P 187,200.00



Grace

Grace

Received by:

TOTAL




Dynasty Construction


Four thousand six hundred twenty five pesos only 1252

In settlement of:

Invoice # 1252

Cash: P 4,625

Checks:

P

Total P 4,625.00

Received by:

TOTAL




M. Paredes December 26,2004


Two million six hundred twenty five thousand pesos only Subscription

In settlement of: Payment

Subscription Fee



Grace

Grace

Cash: P

Checks:

RCBC 481216 P 2,625,000.00

Total P 2,625,000.00

Received by:

TOTAL




Luli Samson December 26,2004


Eighty five thousand one hundred thirteen pesos only 1257


Invoice # 1257

Cash: P

Checks:

P 85,113.00

Total P 85,113.00

Received by:

TOTAL





Grace

Grace


Louie Tan December 28,2004


Four hundred eighty four thousand pesos only 1240

In settlement of:

Invoice # 1240

Cash: P

Checks:

PCIB 2255 P 484,000.00

Total P 484,000.00

Received by:

TOTAL




Eagle Contractos December 30,2004


One hundred sixty five thousand five hundred fifty pesos only 1264

In settlement of:

Invoice # 1264

Cash: P

Checks:

FEBTC 408 P 165,550.00

Total P 165,550.00

Received by:

TOTAL


Grace

Grace




Dynasty Construction December 30,2004


One hundred eighty six thousand two hundred fifty pesos only 1265

In settlement of:

Invoice # 1265

Cash: P

Checks:

PNB 1122 P 186,250.00

Total P 186,250.00

Received by:

TOTAL




Benitez Merchandising December 31, 2004


Ninety three thousand seven hundred fifty pesos only 1266

In settlement of:

Cash: P

Checks:

PCIB 4425 P 93,750.00



Grace

Grace

Total P 93,750.00

Received by:

TOTAL




Susan de Leon December 31, 2004


Two hundred four thousand four hundred seventy five pesos only 1258

In settlement of:

Cash: P

Checks:

FEBTC 775 P 204,475.00

Total P 204,475.00

Received by:

TOTAL




Luli Samson January 3,2005


Twenty nine thousand seven hundred twenty five pesos only 1268

In settlement of:



Grace

Grace

Invoice # 1268

Cash: P

Checks:

PCIB 2277 P 29,725.00

Total P 29,725.00

Received by:

TOTAL

10112 Ninoy Aquino Avenue, Paranaque City | Tel: 632 843 7689

Telefax: 632 843 7690 | Website: www.gracecorporation.biz.ph

Amount

224,500.00

224,511.00



Amount

1,600,000.00

(21,200.00)

1,578,800.00



Amount

370,000.00

(7,400.00)

362,600.00



Amount

500,000.00

500,000.00



Amount

520,000.00

(20,000.00)

(10,000.00)

490,000.00

106



Amount

246,825.00

(4,937.00)

241,888.00



Amount

528,000.00

528,000.00



Amount

845,000.00

845,000.00



Amount

410,000.00

410,000.00



Amount

58,035.00

(1,161.00)

56,874.00



Amount

757,500.00

757,500.00



Amount

681,000.00

681,000.00



Amount

711,950.00

309,525.00

1,021,475.00

(21,475.00)

(20,000.00)

2,001,475.00



Amount

75,805.00

111,395.00

187,200.00



Amount

4,625.00

4,625.00



Amount

2,625,000.00

2,625,000.00



Amount

86,850.00

(1,737.00)

85,113.00



Amount

484,000.00

484,000.00



Amount

165,550.00

165,550.00



Amount

186,250.00

186,250.00



December 31, 2004

Amount

93,750.00

93,750.00



December 31, 2004

Amount

204,475.00

204,475.00



Amount

29,725.00

29,736.00

C O R P O R A T I O NVAT 2004-002-148 | TIN 4004-009-175

12 Ninoy Aquino Avenue, Paranaque City | Tel: 632 843 7689 | Telefax: 632 843 7690

Website: www.gracecorporation.biz.phDelivery Receipt No.

Charged to: Eagle Contractors Job Order No.

Delivered to: 11 Forbes St., Makati City P. O. No.

Quantity Unit Description Unit Price

1,250 box Plain Pencil - Mongol P 101.50 250 box Charcoal Pencil - Steadler 130.50 10 box Silver Paper Clips 50.00 20 box Blackie Carbon Paper 145.00 150 ream Whitey Bond Paper 188.50 200 ream Milky Onion Skin 159.50 750 piece Bic Ballpen - Black 12.50 750 piece Bic Ballpen - Blue 12.50

400 piece Bic Ballpen - Red 12.50

TOTAL

Received by:

Customer/Receiver




INVOICE No.

Date 1 December 2004

Terms 2/10, n/30

12% interest per annum is to be charged on all overdue accounts, plus 23% on said amount for attornye's fees and cost of collection, the parties expressly submit themselves to the jurisdiction of the Courts of the City of Manila in any legal action arising out of this transaction. Without in any way attempting to divert on any other court or courts, returned goods will not be accepted without written authority from our office, the above merchandise have been carefully counted, checked and packed, packages delivered by carrier should be checked with those recorded above.

All merchandise covered by this invoice has been inspected, verified and checked.

INVOICE No.


Grace

Grace

Charged to: Dynasty Construction Job Order No.

Delivered to: 36 Rizal Ave., Sta. Crux, Manila P. O. No.


350 piece Fastener P 1.50 350 piece Folder - regular 4.00 60 bottle Elmer's Glue 35.00

20 box Roll-O Typewriter Ribbon 30.00

TOTAL

Received by:

Customer/Receiver




Charged to: Sampollo Company Job Order No.

Delivered to: 312 Arden St., Paranaque City P. O. No.


70 bottle Quink Ink P 82.50 70 piece Pilot Fountain Pen 150.00

Terms 2/10, n/30



INVOICE No.

Date 7 Dec

Terms 2/10, n/30

Grace

100 ream Whitey Bond Paper 188.50 20 box Blackie Carbon Paper 145.00 80 ream Milky Onion Skin 159.50 50 pads 10 Column Worksheet - Vernal 72.50

50 pads 12 Column Worksheet - Vernal 72.50

TOTAL

Received by:

Customer/Receiver




Charged to: Benitez Merchandising Job Order No.

Delivered to: 582 Kamagong St., Makati City P. O. No.


800 box Plain Pencil - Mongol P 101.50 700 box Chrcoal Pencil - Staedler 130.50 500 pad 16 column worksheet - vernel 72.50 500 pad 14 column worksheet - vernel 72.50 500 pad 12 column worksheet - vernel 72.50 500 pad 10 column worksheet - vernel 72.50 1,500 pad Yello paper - Old Mill 43.50 500 ream Bond Paper - Whitey 188.50 700 ream Onion Skin - Milky 159.50 300 roll Cartolina 12.50 2,500 meter Plastic Cover 25.00



INVOICE No.


Terms 2/10, n/30

Grace

250 ream Art Paper 210.00 500 piece Folder - Regular 4.00 500 piece Folder - Long 5.00

TOTAL

Received by:

Customer/Receiver




Charged to: Benitez Marchandising Job Order No.

Delivered to: 582 Kamagog St. Makati City P. O. No.


100 box Plain pencil- mongol 50.00 150 box thumbtacks - golden P 58.00 300 bottle Elemer's glue 35.00 150 box Carbon paper - blackie 145.00 240 box Typewriter Ribbon - Roll-o 30.00 300 pair scissors 17.50 1,500 piece thick notebook 47.00 1,000 piece thin notebook 40.00 2,500 piece Bic ballpen - black 12.50 2,500 piece Bic ballpen - blue 12.50 2,500 piece Bic Ballpen - red 12.50 1,000 piece Fastener 1.50 1,500 pads Intermediate Pad - old mill 22.00 150 bottle Ink - Quink 82.00

TOTAL



INVOICE No.


Terms 2/10, n/30

Grace

Received by:

Customer/Receiver




Charged to: Ida Coronel Job Order No.

Delivered to: 63 Manotoc, St., QC P. O. No.

Quantity Unit Description Unit Price 200 pair scissors 17.50 50 piece Fountain pen - pilot P 150.00 20 box thumbtacks - golden 58.50 20 box paper clips - silver 50.00 150 roll cartolina 12.50 300 pad 16 column worksheet - vernal 72.50 500 pad 17 column worksheet - vernal 72.50 400 pad 18 column worksheet - vernal 72.50 500 pad 19 column worksheet - vernal 72.50

TOTAL

Received by:

Customer/Receiver



INVOICE No.


Terms 2/10, n/30






Charged to: Luli Samson Job Order No.

Delivered to: 852 Buendia Ave., Makati City P. O. No.

Quantity Unit Description Unit Price 250 pads Intermediate pad- old mill 22.00 450 pads yelloe paper - old mill P 43.50 100 ream onion skin - milky 159.50 100 ream bond paper - whitey 188.50 50 pair scissors 17.50 300 piece thick notebook 47.00 300 piece thin notebook 40.00

TOTAL

Received by:

Customer/Receiver



Website: www.gracecorporation.biz.ph

INVOICE No.


Terms 2/10, n/30



INVOICE No.


Delivery Receipt No.

Charged to: susan de Leon Job Order No.

Delivered to: 482 Rizal Ave., MM P. O. No.

Quantity Unit Description Unit Price 1,500 pads intermediate pad - old mill 22.00 1,250 pads yellow paper - old mill P 43.50 1,300 meter plastic cover 25.00 450 roll cartolina 12.50 250 piece folder - regular 4.00 250 piece folder - long 5.00 300 piece Leaf notebook - thick 47.00 300 piece bind notebook - thin 40.00 500 piece fastener 1.50 150 pair scissors 7.50 200 ream art paper 210.00 150 bottle Elmer's glue 35.00

TOTAL

Received by:

Customer/Receiver




Charged to: Building blocks, inc Job Order No.

Delivered to: 220 Ortigas, Mandaluyong P. O. No.


Terms 2/10, n/30



INVOICE No.


Terms cash

240 box Plain Pencil - Mongol 101.50120 box Charcoal Pencil - Staedler 130.50 30 box Silver - Paper Clips 50.00 20 box Golden Thumbtacks 58.00 40 box Blackie Carbon Paper 145.00 60 box Roll-O Typewriter Ribbon 30.00

250 piece Bic Ballpen - Black 12.50 250 piece Bic Ballpen - Blue 12.50 150 piece Bic Ballpen - Red 12.50 600 piece Folder - Long 5.00 600 piece Folder - Regular 4.00 80 piece Pilot Fountain Pen 150.00

TOTAL

Received by:

Customer/Receiver




Charged to: building blocks, inc. Job Order No.

Delivered to: 220 Ortigas, Mandaluyong P. O. No.


1200 piece Fastener 1.50150 bottle Quink Ink 82.5060 bottle Elmer's Glue 35.00

200 ream Bond Paper - Whitey 188.50360 ream Onion Skin - Milky 159.50



INVOICE No.


Terms cash

TOTAL

Received by:

Customer/Receiver




Charged to: Cora Tayag Job Order No.

Delivered to: 1642 Reyes Avenue, Manila P. O. No.


50 box Plain Pencil - Mongol 101.50 100 box Charcoal Pencil - Staedler P 130.50

50 box Silver - Paper Clips 50.00

50 box Golden Thumbtacks 58.00

500 pad Intermediate Pad - Old Mill 22.00

500 pad Yellow Paper - Old Mill 43.50

250 roll Cartolina 12.50

120 bottle Elmer's Glue 35.00

500 pad 10 Column Worksheet - Vernal 72.50






INVOICE No.


Terms 2/10 n/30

TOTAL

Received by:

Customer/Receiver




Charged to: Cora Tayag Job Order No.

Delivered to: 1642 Reyes Avenue, Manila P. O. No.


750 piece Bic Ballpen - Black 12.50

750 piece Bic Ballpen - Blue 12.50

750 piece Bic Ballpen - Red 12.50

450 piece Thick Notebook 47.00

800 piece Thin Notebook 40.00



INVOICE No.


Terms 2/10 n/30

TOTAL

Received by:

Customer/Receiver




Charged to: Centeno, Antonio and Tantoo, CPAs Job Order No.

Delivered to: 296 Frisco St., Novaliches P. O. No.

Quantity Unit Description Unit Price 1,500 pad 10-Column Worksheet - Vernal P 72.50 1,250 pad 12 column worksheet - vernal 72.50 2,000 pad 14 column worksheet - vernal 72.50 1,250 pad 16 column worksheet - vernel 72.50 100 box Typewriter ribbon 30.00 500 box Plain pencil- Mongol 101.50 250 box Charcoal pencil- Staedler 130.50 1,250 piece Bic ballpen- Black 12.50 1,250 piece Bic Ballpen- Blue 12.50 750 piece Bic Ballpen- Red 12.50 1,200 pad Yellow paper - Old Mill 43.50 600 ream Bond Paper - Whitey 188.50 60 box Carbon Paper - Blackie 145.00

TOTAL

Received by:



INVOICE No.


Terms cash



Customer/Receiver




Charged to: Eagle Contractors Job Order No.

Delivered to: 11 Forbes St., Makati City P. O. No.


500 box Charcoal Pencil - Staedler P 130.50 300 ream Bond Paper- Whitey 188.50 1,500 piece Bic Ballpen - Black 12.50 1,500 piece Bic Ballpen - Blue 12.50 500 piece Bic Ballpen - Red 12.50

TOTAL

Received by:

Customer/Receiver


INVOICE No.


Terms 2/10, n/30



INVOICE No.




Charged to: Dynasty Construction Job Order No.

Delivered to: 30 Rizal Ave., Sta. Cruz, Manila P. O. No.


1,600 bottle elmer's glue P 35.00 1,200 box Typewriter Ribbon- Roll-O 30.00 500 realm Bond Paper- Whitey 188.50

TOTAL

Received by:

Customer/Receiver




Charged to: Benitez Merchandising Job Order No.



Terms cash



INVOICE No.



1,000 pad Yellow Paper- Old Mill P 43.50 1,000 ream Bond Paper - Whitey 188.50

TOTAL

Received by:

Customer/Receiver




Charged to: Benitez Marketing Job Order No.


Quantity Unit Description Unit Price 2,500 piece Bic Ballpen - black 12.50 3,000 piece Bic Ballpen - blue 12.50 2,000 piece Bic Ballpen -red 12.50

Terms 2/10, n/30



INVOICE No.

Date 3 January 2005

Terms 2/10, n/30

TOTAL

Received by:

Customer/Receiver




Charged to: Luli Samson Job Order No.

Delivered to: 852 Buendia Ave., Makati City P. O. No.

Quantity Unit Description Unit Price 250 pad yellow paper - old mill 43.50 100 ream bond paper - whitey 188.50



INVOICE No.

Date 3 January 2005

Terms 2/10, n/30

TOTAL

Received by:

Customer/Receiver



1251

304

Amount

P 126,875.00 32,625.00 500.00 2,900.00 28,275.00 31,900.00 9,375.00 9,375.00

5,000.00

P 246,825.00

Customer/Receiver

1252

305


Terms 2/10, n/30



Amount

P 525.00 1,400.00 2,100.00

600.00

P 4,625.00

Customer/Receiver

1253

306

Amount

P 5,775.00 10,500.00

Terms 2/10, n/30



Terms 2/10, n/30

18,850.00 2,900.00 12,760.00 3,625.00

3,625.00

P 58,035.00

Customer/Receiver

1254

307

Amount

P 81,200.00 91,350.00 36,250.00 36,250.00 36,250.00 36,250.00 65,250.00 94,250.00 111,650.00 3,750.00 62,500.00



Terms 2/10, n/30

52,500.00 2,000.00 2,500.00

P 711,950.00

Customer/Receiver

1255

308

Amount

5,000.00 8,700.00 10,500.00 21,750.00 7,200.00 5,250.00 70,500.00 40,000.00 31,250.00 31,250.00 31,250.00 1,500.00 33,000.00 12,300.00

P 309,450.00



Terms 2/10, n/30

Customer/Receiver

1256

309

Amount 3,500.00 7,500.00 1,170.00 1,000.00 1,875.00 21,750.00 36,250.00 29,000.00 36,250.00

P 138,295.00

Customer/Receiver



Terms 2/10, n/30


1257

310

Amount 5,500.00 19,575.00 15,950.00 18,850.00 875.00 14,100.00 12,000.00

P 86,850.00

Customer/Receiver

1258

311


Terms 2/10, n/30



311

Amount 33,000.00 54,375.00 32,500.00 5,625.00 1,000.00 1,250.00 14,100.00 12,000.00 750.00 1,125.00 42,000.00 5,250.00

P 202,975.00

Customer/Receiver

1259

312

Amount

Terms 2/10, n/30



Terms cash

24360.00

15660.00

1500.00

1160.00

5800.00

1800.00

3125.00

3125.00

1875.00

3000.00

2400.00

12000.00

P 75,805.00

Customer/Receiver

1260

313

Amount

1,800.00 12,375.00 2,100.00 37,700.00 57,420.00



Terms cash

P 111,395.00

Customer/Receiver

1261

314

Amount

5,075.00

13,050.00

2,500.00

2,900.00

11,000.00

21,750.00

3,125.00

4,200.00

36,250.00

36,250.00

36,250.00

36,250.00



Terms 2/10 n/30

P 208,600.00

Customer/Receiver

1262

315

Amount

9,375.00

9,375.00

9,375.00

21,150.00

32,000.00



Terms 2/10 n/30

P 81,275.00

Customer/Receiver

1263

316

Amount P 108,750.00 90,625.00 145,000.00 90,625.00 3,000.00 50,750.00 32,625.00 15,625.00 15,625.00 9,375.00 52,200.00 113,100.00 8,700.00

P 736,000.00



Terms cash


Customer/Receiver

1264

317

Amount

P 65,250.00 56,550.00 18,750.00 18,750.00 6,250.00

P 165,550.00

Customer/Receiver

1265


Terms 2/10, n/30


318

Amount

P 56,000.00 36,000.00 94,250.00 --------------

P 186,250.00

Customer/Receiver

1266

319


Terms cash



Amount

P 43,500.00 188,500.00 -------------

P 232,000.00

Customer/Receiver

1267

320

Amount 31,250.00 37,500.00 25,000.00

Terms 2/10, n/30


Date 3 January 2005

Terms 2/10, n/30

P 93,750.00

Customer/Receiver

1268

321

Amount 10,875.00 18,850.00


Date 3 January 2005

Terms 2/10, n/30

P 29,725.00

Customer/Receiver


GENIUS PAPER PRODUCTS951 Del Sol Avenue, Pasay City | VAT 2004-005-219 | TIN 4004-0070356

CHARGED TO: GRACE CORPORATION

ADDRESS: 12 Ninoy Aquino Avenue, Paranaque City

TERMS: bal 2/10, n/45 ORDER NO: DATE:

PARTICULARS UNIT PRICE

15,000 pads 16 column worksheet - Vernal P 50.00

13,500 pads 14 column worksheet - Vernal 50.00

VAT INCLUDED

Received the above products in good order and condition.

BY:

RES. CERTIFICATE NO.: DATE:

arboleda company, inc.456 Quezon Boulevard Extension, Quezon City | VAT 2004-013-357 | TIN 4004-099-951


ADDRESS: 12 Ninoy Aquino Avenue, Paranaque City TERMS: 2/10, n/30

DETAILS UNIT PRICE

5,000 boxes Pencil Plain - Mongol P 70.00

7,500 pieces Bic Ballpen - Red 8.50

VAT INCLUDED


BY: RES. CERTIFICATE NO.: DATE

Sapphire Corporation82 Quarry Avenue, Pananaque City | VAT 2004-053-852 | TIN 4004-064-456

CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS: 2/10, n/30


5,000 boxes Charcoal Pencil - Staedler P 90.00

800 pairs Scissors 12.00

VAT INCLUDED






TERMS: 99.150 day note ORDER NO: DATE:


17,000 pads 12 column worksheet - Vernal P 50.00

15,000 pads 10 column worksheet - Vernal 50.00

VAT INCLUDED


BY:





TERMS: 2/10, n/45 ORDER NO: DATE:


7,500 pads Intermediate Pad - Old Mill P 15.00 8,500 pads Yellow paper - Old Mill 30.00 4,250 reams Bond Paper - Whitey 130.00

3,000 reams Onion Skin - Milky 110.00

VAT INCLUDED


BY:



CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS: Cash


350 boxes Thumbtacks - Golden P 40.00

VAT INCLUDED





ADDRESS: 12 Ninoy Aquino Avenue, Paranaque City TERMS: Cash

DETAILS UNIT PRICE

600 bottles Quink Ink P 57.00

VAT INCLUDED






DETAILS UNIT PRICE

5,000 meters Plastic Cover P 17.50

VAT INCLUDED






TERMS: Cash ORDER NO: DATE:


2,500 pieces Folders - Regular P 2.50

2,000 pieces Folders - Long 3.50

VAT INCLUDED


BY:





DETAILS UNIT PRICE

10,000 pieces Bic Ballpen - Blue P 8.50

VAT INCLUDED




CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS: n/30


10,000 pieces Bic Ballpen - Black P 8.50

VAT INCLUDED








2,500 Cartolina Rolls P 8.50

2,000 Art Paper Reams 145.00

VAT INCLUDED


BY:





DETAILS UNIT PRICE

5,000 pieces Fastener P 1.00

VAT INCLUDED








4,000 pieces Thick leaved notebook P 32.50

VAT INCLUDED


BY:



CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS: n/15


350 boxes Paper Clips - Silver P 35.00

VAT INCLUDED






DETAILS UNIT PRICE

250 pieces Fountain Pen - Pilot P 103.00

VAT INCLUDED






TERMS: Cash ORDER NO: DATE:


450 boxes Carbon Paper P 100.00

VAT INCLUDED


BY:



CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS: Cash


650 boxes Typewriter Ribbon - Roll-O P 20.50

VAT INCLUDED








6,000 pieces Thin leaved notebook P 27.50

VAT INCLUDED


BY:





DETAILS UNIT PRICE

850 bottles Elmer's Glue P 22.50

VAT INCLUDED








500 boxes Charcoal Pencil P 90.00

1,300 reams bond paper - Whitey 130.00 1,500 pieces Bic ballpen - Black 8.50 1,500 pieces Bic ballpen - Blue 8.50

1,500 pieces Bic ballpen - Red 8.50

VAT INCLUDED


BY:




ADDRESS: 12 Ninoy Aquino Avenue, Paranaque City TERMS:

DETAILS UNIT PRICE

1,000 pads yellow Pad - Old Mill P 30.00

1,600 bottles Elmer's G;ue 22.50

1,200 boxes Typewriter Ribbon - Roll-O 20.50

500 reams Bond Paper - Whitey 130.00

VAT INCLUDED




CHARGED TO: GRACE CORPORATIONADDRESS: 12 Ninoy Aquino Avenue, Paranaque Ci TERMS:


250 pads Yellow Pad - Old Mill P 30.00 100 reams Bond Paper - Whitey 130.00 2,500 pcs. Bic Ballpen - Black 8.50 3,000 pcs. Bic Ballpen - Black 8.50

2,000 pcs. Bic Ballpen - Black 8.50

VAT INCLUDED



GENIUS PAPER PRODUCTSNo. 111951 Del Sol Avenue, Pasay City | VAT 2004-005-219 | TIN 4004-0070356

2 December 2004

UNIT PRICE AMOUNT

P 50.00 P 750,000.00

50.00 675,000.00

P 1,425,000.00

ISSUED AT:


DATE: 1 December 2004

ORDER NO.:

UNIT PRICE AMOUNT

P 70.00 P 350,000.00

8.50 63,750.00

P 413,750.00

No. 101

ISSUED AT:


DATE: Dec. 3, 2004ORDER NO.:

UNIT PRICE AMOUNT

P 90.00 P 450,000.00

12.00 9,600.00

P 459,600.00

ISSUED AT:


6 December 2004

UNIT PRICE AMOUNT

P 50.00 P 850,000.00

50.00 750,000.00

P 1,600,000.00

No. 1082

ISSUED AT:


10 December 2004

UNIT PRICE AMOUNT

P 15.00 P 112,500.00 30.00 255,000.00 130.00 552,500.00

110.00 330,000.00

P 1,250,000.00

ISSUED AT:



UNIT PRICE AMOUNT

P 40.00 P 14,000.00

P 14,000.00

No. 1090

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 57.00 P 34,200.00

P 34,200.00

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 17.50 P 87,500.00

No. 107

No. 112

P 87,500.00

ISSUED AT:


15 December 2004

UNIT PRICE AMOUNT

P 2.50 P 6,250.00

3.50 7,000.00

P 13,250.00

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

No. 117

P 8.50 P 85,000.00

P 85,000.00

ISSUED AT:



UNIT PRICE AMOUNT

P 8.50 P 85,000.00

P 85,000.00

ISSUED AT:


No. 1095

20 December 2004

UNIT PRICE AMOUNT

correct amount P 8.50 P 19,125.00 21,250.00 145.00 108,750.00 290,000.00

P 127,875.00 311,250.00

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 1.00 P 5,000.00

P 5,000.00

ISSUED AT:

No. 120


22 December 2004

UNIT PRICE AMOUNT

P 32.50 P 130,000.00

P 130,000.00

ISSUED AT:



UNIT PRICE AMOUNT

P 35.00 P 12,250.00

P 12,250.00

No. 1099

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 103.00 P 25,750.00

P 25,750.00

ISSUED AT:


15 December 2004

UNIT PRICE AMOUNT

P 100.00 P 45,000.00

P 45,000.00

No. 127

ISSUED AT:



UNIT PRICE AMOUNT

P 20.50 P 19,125.00

P 19,125.00

ISSUED AT:


28 December 2004

UNIT PRICE AMOUNT

P 27.50 P 165,000.00

P 165,000.00

No. 1100

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 22.50 P 19,125.00

P 19,125.00

ISSUED AT:


29 December 2004

UNIT PRICE AMOUNT

P 90.00 P 450.00

No. 130

130.00 169,000.00 8.50 127,500.00 8.50 127,500.00

8.50 4,250.00

P 165,000.00

ISSUED AT:



ORDER NO.:

UNIT PRICE AMOUNT

P 30.00 P 30,000.00

22.50 36,000.00

20.50 24,600.00

130.00 65,000.00

P 155,600.00

ISSUED AT:


DATE: Jan. 3, 2005ORDER NO.:

UNIT PRICE AMOUNT

No. 825

No. 770

P 30.00 P 7,500.00 130.00 13,000.00 8.50 21,250.00 8.50 25,500.00

8.50 17,000.00

P 84,250.00

ISSUED AT:

or correct number of pieces2250

750

correct amount 13,325.00

correct figures 45,000.00

169,000.00 12,750.00 12,750.00

12,750.00

252,250.00

Pa

ge

B71

Pag

e B

71

Pag

e B

71

Pag

e B

71PCI Bank

CURRENT ACCOUNT DEPOSIT SLIP

PCI BankFor Cash Deposits and Regular Clearing

only (On-Us and Other Bank's Checks)

4 4 8 6 9 1 5 6 8 0 4DATE28 December 2004

GRACE CORPORATION GRACE CORPORATIONTELLER'S VALIDATION: TELLER'S VALIDATION:

THIS SERVES YOUR RECEIPT WHEN VALIDATED THIS SERVES YOUR RECEIPT WHEN VALIDATED

THIS DEPOSIT IS SUBJECT TO THE TERMS AND CONDITION COVERING THE ACCOUNT THIS DEPOSIT IS SUBJECT TO THE TERMS AND CONDITION COVERING THE ACCOUNT

PLEASE ENDORSE AND LIST EACH CHECK PROPERLY NO. OF PIECES

LOCAL CLEARING CHECKS

NAME OF BANK / BRANCH CHECK NO. AMOUNT

RCBC 481216 P ###

CASH DEPOSIT

TOTAL P 2,625,000.00 LOCAL CLEARING CHECKSPLEASE ENDORSE AND LIST EACH CHECK PROPERLY

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's DRAFT/CASHIER'S CHECK

TOTAL P CHECK DEPOSIT

TOTAL DEPOSIT P 2,625,000.00 TOTAL DEPOSIT

PCI BankCURRENT ACCOUNT DEPOSIT SLIP



4 4 8 6 9 1 5 6 8 0 4DATE28 December 2004


THIS IS YOUR RECEIPT WHEN VALIDATED THIS IS YOUR RECEIPT WHEN VALIDATED

RECEIVED BY: RECEIVED BY:

MACHINE PRINT…………………………………………………………………….…………………………………….…… MACHINE PRINT…………………………………………………………………….……………………………

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

PCI BANK CHECKS AND OTHER BANKS' CHECKS

REGIONAL CLEARING AND RPTW's AND PMO's

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

THIS DEPOSIT IS SUBJECT TO THE TERMS AND CONDITIONS COVERING THE ACCOUNT


Pa

ge

B71

Pag

e B

71

Pag

e B

71

Pag

e B

71

PCI 12.28.04 P 2,625,000.00 PCI

TELLERDATE TELLER NUMBER RECEIPT NUMBER PHILIPPINE CURRENCY

TELLERDATE

Pa

ge

B72

Pa

ge

B72

P

ag

e B

72

P

age

B72




4 4 8 6 9 1 5 6 8 0 4DATE23 December 2004







PCIB 481265 P ###

CASH DEPOSIT

TOTAL P 980,000.00 LOCAL CLEARING CHECKSPLEASE ENDORSE AND LIST EACH CHECK PROPERLY

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's CHECK / DRAFT

PNB

TOTAL P - CHECK DEPOSIT

TOTAL DEPOSIT P 980,000.00 TOTAL DEPOSIT




4 4 8 6 9 1 5 6 8 0 4DATE23 December 2004

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER



ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

Pa

ge

B72

Pa

ge

B72

P

ag

e B

72

P

age

B72





PCI 12.23.04 P 980,000.00 PCI


TELLERDATE

Pa

ge

B73

Pa

ge

B73

P

ag

e B

73

P

age

B73




4 4 8 6 9 1 5 6 8 0 4DATE16 December 2004







BPI 249169 P ### RCBC 876521 ###

CASH DEPOSIT

TOTAL P 1,255,000.00 LOCAL CLEARING CHECKSPLEASE ENDORSE AND LIST EACH CHECK PROPERLY

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's CHECK / DRAFT

RCBC PCIB

TOTAL P - CHECK DEPOSIT

TOTAL DEPOSIT P ### TOTAL DEPOSIT



ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER



Pa

ge

B73

Pa

ge

B73

P

ag

e B

73

P

age

B73




4 4 8 6 9 1 5 6 8 0 4DATE16 December 2004





PCI 12.16.04 P 1,255,000.00 PCI


TELLERDATE

Pa

ge

B74

Pa

ge

B74

P

ag

e B

74

P

age

B74




4 4 8 6 9 1 5 6 8 0 4DATE 9 December 2004




PLEASE ENDORSE AND LIST EACH CHECK PROPERLY PLEASE ENDORSE AND LIST EACH CHECK PROPERLY

LOCAL CLEARING CHECKS LOCAL CLEARING CHECKS

NAME OF BANK / BRANCH CHECK NO. AMOUNT NAME OF BANK / BRANCH

PCIB 4825 P ### BPI CBC 123498 ### RCBC

TOTAL P 990,000.00 TOTAL

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER



ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER


Pa

ge

B74

Pa

ge

B74

P

ag

e B

74

P

age

B74

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's

TOTAL P - TOTAL





4 4 8 6 9 1 5 6 8 0 4DATE 9 December 2004





PCI 12.09.04 P 990,000.00 PCI


TELLERDATE

Pa

ge

B75

Pa

ge

B75

P

ag

e B

75

P

age

B75




4 4 8 6 9 1 5 6 8 0 4DATE 6 December 2004




PLEASE ENDORSE AND LIST EACH CHECK PROPERLY PLEASE ENDORSE AND LIST EACH CHECK PROPERLY

LOCAL CLEARING CHECKS LOCAL CLEARING CHECKS

NAME OF BANK / BRANCH CHECK NO. AMOUNT NAME OF BANK / BRANCH


ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER



ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

Pa

ge

B75

Pa

ge

B75

P

ag

e B

75

P

age

B75

SBTC 928421 P ### PNB RCBC

TOTAL P 362,600.00 TOTAL

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's

TOTAL P - TOTAL





4 4 8 6 9 1 5 6 8 0 4DATE 6 December 2004





PCI 12.06.04 P 362,600.00 PCI


TELLERDATE

END OF DEPOSIT SLIPS



ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER

ACCOUNT NUMBER



Pa

ge

B71

Pag

e B

71

Pag

e B

71

Pag

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71


For Cash Deposits and Regular Clearing


4 8 6 9 1 5 6 8 0DATE 5 January 2005

GRACE CORPORATIONTELLER'S VALIDATION:

THIS SERVES YOUR RECEIPT WHEN VALIDATED

THIS DEPOSIT IS SUBJECT TO THE TERMS AND CONDITION COVERING THE ACCOUNT

NO. OF PIECES DENOMINATION AMOUNT

P 1,000.00 P 500.00

200.00

100.00

50.00

20.00

CASH DEPOSIT P 85,113.00 LOCAL CLEARING CHECKS

PLEASE ENDORSE AND LIST EACH CHECK PROPERLY

DRAFT/CASHIER'S CHECK DENOMINATION AMOUNT

CHECK DEPOSIT P

TOTAL DEPOSIT P 85,113.00




4 8 6 9 1 5 6 8 0DATE 5 January 2005


THIS IS YOUR RECEIPT WHEN VALIDATED

MACHINE PRINT…………………………………………………………………….……………………………


Pa

ge

B71

Pag

e B

71

Pag

e B

71

Pag

e B

71

01.05.05 P 85,113.00

DATE TELLER NUMBER RECEIPT NUMBER PHILIPPINE CURRENCY

Pa

ge

B72

Pa

ge

B72

P

ag

e B

72

P

age

B72




4 8 6 9 1 5 6 8 0DATE23 December 2004





P 1,000.00 P 500.00

200.00

100.00

50.00

20.00



CHECK / DRAFT DENOMINATION AMOUNT

PNB 510152 P ###

CHECK DEPOSIT P 187,200.00





4 8 6 9 1 5 6 8 0DATE23 December 2004

GRACE CORPORATION

Pa

ge

B72

Pa

ge

B72

P

ag

e B

72

P

age

B72

TELLER'S VALIDATION:


MACHINE PRINT…………………………………………………………………….……………………………

12.23.04 P 191,825.00


Pa

ge

B73

Pa

ge

B73

P

ag

e B

73

P

age

B73




4 8 6 9 1 5 6 8 0DATE23 December 2004





P 1,000.00 P 500.00

200.00

100.00

50.00

20.00



CHECK / DRAFT DENOMINATION AMOUNT

RCBC 369125 P ### PCIB 246810 ###

CHECK DEPOSIT P 1,438,500.00

TOTAL DEPOSIT P ###


Pa

ge

B73

Pa

ge

B73

P

ag

e B

73

P

age

B73




4 8 6 9 1 5 6 8 0DATE23 December 2004



MACHINE PRINT…………………………………………………………………….……………………………

12.23.04 P 1,495,374.00

DATE TELLER NUMBER RECEIPT NUMBER PHILIPPINE CURRENCYP

ag

e B

74

P

ag

e B

74

Pa

ge

B74

Pag

e B

74




4 8 6 9 1 5 6 8 0DATE13 December 2004







BPI 249169 P ### RCBC 728465 ###

P 769,888.00



REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's

Pa

ge

B74

Pa

ge

B74

P

ag

e B

74

P

age

B74

P -





4 8 6 9 1 5 6 8 0DATE13 December 2004



MACHINE PRINT…………………………………………………………………….……………………………

12.13.04 P 769,888.00


Pa

ge

B75

Pa

ge

B75

P

ag

e B

75

P

age

B75




4 8 6 9 1 5 6 8 0DATE 2 December 2004









PNB 481853 P ###

Pa

ge

B75

Pa

ge

B75

P

ag

e B

75

P

age

B75

RCBC 329864 ###

P 1,263,300.00

REGIONAL & INTERNATIONAL CLEARING CHECKS - PMO's / RPTW's

P -

TOTAL DEPOSIT P ###




4 8 6 9 1 5 6 8 0DATE 2 December 2004



MACHINE PRINT…………………………………………………………………….……………………………

12.02.04 P 1,263,300.00


END OF DEPOSIT SLIPS




PETTY CASH VOUCHER

DATETO: LUIGI'S DELI

PARTICULARS AMOUNT

Representation Expense P

TOTAL P

APPROVED BY: PAID BY: RECEIVED BY:

__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: MOBILSHEL GASOLINE STATION

PARTICULARS AMOUNT

Gasoline expense for delivery of merchandiseto Benitez Merchandising P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: MR. JOSE CASTRO

PARTICULARS AMOUNT

Transportation expense taxi fare P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: MANILA WATER WORKS & SEWERAGE SYSTEM (MWSS)

PARTICULARS AMOUNT

Water Bill P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: BUREAU OF POSTS

PARTICULARS AMOUNT

Stamps P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: MOBILSHEL GASOLINE STATION

PARTICULARS AMOUNT

Gasoline expense premium gasoline P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: JON SANDOVAL

PARTICULARS AMOUNT

I.O.U. P

TOTAL P


__________________________ __________________________ __________________________

PETTY CASH VOUCHER

DATETO: MARICEL PASTOR

PARTICULARS AMOUNT

I.O.U. P

TOTAL P


__________________________ __________________________ __________________________

December 10, 2004

AMOUNT

2,000.00

2,000.00

RECEIVED BY:

__________________________

December 10, 2004

AMOUNT

2,050.00

2,050.00

RECEIVED BY:

__________________________

December 18, 2004

AMOUNT

250.00

250.00

RECEIVED BY:

NO. 0801

NO. 0802

NO. 0803

__________________________

December 20, 2004

AMOUNT

250.00

250.00

RECEIVED BY:

__________________________

December 21, 2004

AMOUNT

150.00

150.00

RECEIVED BY:

__________________________

December 29, 2004

AMOUNT

2,550.00

2,550.00

RECEIVED BY:

NO. 0804

NO. 0805

NO. 0806

__________________________

December 29, 2004

AMOUNT

250.00

250.00

RECEIVED BY:

__________________________

December 29, 2004

AMOUNT

2,550.00

2,550.00

RECEIVED BY:

__________________________

NO. 0808

NO. 0807

PCI BankACCOUNT NO.: NO. OF CHECKS

4486-9156-80 18NAME AND ADDRESS:

GRACE CORPORATION

12 Ninoy Aquino Avenue, Parañaque City

DATE

CHECKS

DEPOSITSNO. AMOUNT

2004Dec. 1

12340 P 100,000.00 P 170,500.00 12342 123,500.00

2 12338 200,000.00 1,263,300.00 6 12344 143,000.00 6 12345 300,000.00 362,600.00 9 990,000.00

10 12348 87,500.00 500,000.00 RT 769,888.00

13 12347 34,200.00 500,000.00 CM 12350 114,900.00 12346 972,750.00

1316 12351 1,554,500.00 1,255,000.00 17 12353 1,080,000.00 23 1,495,374.00

23 12355 13,250.00 23 980,000.00 23 12356 83,300.00 191,825.00

12354 625,000.00 28 12357 5,000.00 7,900,000.00 CM

12359 125,315.00 2,625,000.00 29 12358 32,500.00

12360 25,000.00

2,500.00 SC 490,000.00 CM

6,122,215.00 18,993,487.00

2005Jan. 5 12387 34,200.00 85,113.00

12349 175,000.00 929,550.00 6 12352 14,000.00

12365 85,000.00

12366 249,750.00 7 12362 13,325.00 204,475.00

12363 85,000.00 29,725.00 12367 97,000.00 12360 70,000.00

STATEMENT OF ACCOUNT

PAGE NO.:

1/1NAME AND ADDRESS:

GRACE CORPORATION

12 Ninoy Aquino Avenue, Parañaque City

BALANCE

P 1,396,000.00 1,466,500.00 1,343,000.00 2,406,300.00 2,263,300.00 2,325,900.00 3,315,900.00 3,228,400.00 3,498,288.00 3,964,088.00 3,849,188.00 2,876,438.00 2,876,438.00 2,576,938.00 1,496,938.00 2,992,312.00 2,992,312.00 2,979,062.00 3,959,062.00 4,067,587.00 3,442,587.00 11,337,587.00 13,837,272.00 13,804,772.00 13,779,772.00

14,267,272.00

PAY TO THE

ORDER OF GENIUS PAPER PRODUCTS

PESOS Three hundred thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH

C O R P O R A T I O NVAT 2004-002-148 | TIN 4004-009-175 Telefax: 632 843 7690 | Website: www.gracecorporation.biz.ph

Payee: GENIUS PAPER PRODUCTS Amount

Three hundred thousand pesos only in words: For

Downpayment fot merchandise purchased per

Invoice No. 111

Date of Check: December 2, 2004 Prepared by: Checked By: Approved by:

ACCOUNT NO. 4486-9156-80 ACCOUNT NAME GRACE CORPORATION

PAY TO THE

ORDER OF SAPPHIRE CORPORATION

PESOS Nine hundred seventy two thousand seven hundred fifty pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: SAPPHIRE CORPORATION Amount

Nine hundred seventy two thousand seven hundred fifty pesos only in words: For

Partial payment for Invoice No. 920




PAY TO THE

ORDER OF BUREAU OF INTERNAL REVENUE

PESOS Thirty four thousand two hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: BUREAU OF INTERNAL REVENUE Amount

Thirty four thousand two hundred pesos only in words: For

Remittance of Novenber 2004 taxes withheld on wages


PAY TO THE

ORDER OF SOCIAL SECURITY SYSTEM


PESOS Eighty seven thousand five hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: SOCIAL SECURITY SYSTEM Amount

Eighty seven thousand five hundred pesos only in words: For

Remittance of Medicare, SSS & ECC,

Employer's and Employee's contribution


PAY TO THE

ORDER OF ARBOLEDA CO., INC.

PESOS One hundred seventy five thousand pesos only

PCI Bank __________________________


SUCAT ROAD BRANCH


Payee: ARBOLEDA CO., INC. Amount

One hundred seventy five thousand pesos only in words: For

Partial paymenr for invoce No. 101


PAY TO THE


PESOS One hundred fourteen thousand nine hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Payee: SAPPHIRE CORPORATION Amount

One hundred fourteen thousand nine hundred pesos only in words: For

Partial paymenr for invoce No. 1082


PAY TO THE

ORDER OF ARBOLEDA CO., INC

PESOS One million five hundred fifty four thousand five hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH

C O R P O R A T I O N



Payee: ARBOLEDA CO., INC Amount

One million five hundred fifty four thousand five hundred pesos only in words: For

Full payment of account with Arboleda Co., Inc.

per Invoice no. 90


PAY TO THE

ORDER OF CALTEX GAS

PESOS Fourteen thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: CALTEX GAS Amount

Fourteen thousand pesos only


in words:Fourteen thousand pesos only

For

560 liters gasoline


PAY TO THE

ORDER OF PAYMASTER

PESOS One million eighty thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: CALTEX GAS Amount

One million eighty thousand pesos only in words: For

Salaries for December 1- 15, 2004


Total 1,238,760.00

Less: SSS, Medicare & ECC (72,360.00)

HDMF (21,600.00)

Withholding taxes (64,800.00)


PAY TO THE


PESOS Six hundred twenty five thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Six hundred twenty five thousand pesos only in words: For

Partial payment per Invoice No. 130



PAY TO THE

ORDER OF MERALCO

PESOS Thirteen thousand two hundred fifty pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: MERALCO Amount

Thirteen thousand two hundred fifty pesos only in words: For

Additional electric bill for November 2004



PAY TO THE


PESOS Eighty three thousand three hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Eighty three thousand three hundred pesos only in words: For

Full payment of Invoice No. 117

Invoice Price P 85,000.00

Less: Discount 1,700.00

Balance P 83,300.00



PAY TO THE

ORDER OF ARCHER SUPPLIES

PESOS Five thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: ARCHER SUPPLIES Amount

Five thousand pesos only in words: For

500 pieces plastic bags for store supplies



PAY TO THE


PESOS Thirty two thousand five hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Thirty two thousand five hundred pesos only in words: For

Partial payment of invoice no. 145

Invoice price 130,000.00

25% payment 32,500.00

Balance 97,500.00




PAY TO THE


PESOS One hundred twenty five thousand three hundred fifteen pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



One hundred twenty five thousand three hundred fifteen pesos only in words: For

Partial payment of invoice no. 140


Discount 2,560.00

Balance 125,315.00


PAY TO THE



PESOS Twenty five thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Twenty five thousand pesos only in words: For

Full payment of asccount with Arboleda Co., Inc

per Invoice No. 90


PAY TO THE


PESOS Twenty five thousand four hundred ninety pesos only


PCI Bank __________________________

SUCAT ROAD BRANCH



Twenty five thousand four hundred ninety pesos only in words: For

Full payment of Invoice No. 127


Discount 260.00

Balance 25,490.00


PAY TO THE

ORDER OF XYZ ADS

PESOS Thirteen thousand three hundred twenty five pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Payee: XYZ ADS Amount

Thirteen thousand three hundred twenty five pesos only in words: For

100 pieces brochures


PAY TO THE


PESOS Eighty five thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Payee: XYZ ADS Amount

Eighty five thousand pesos only in words: For

In payment for Invoice No. 1095


PAY TO THE

ORDER OF PAYMASTER

PESOS Nine hundred forty two thousand eight hundred forty pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: PAYMASTER


AmountNine hundred forty two thousand eight hundred forty pesos only

in words: For

Payroll for December 16-31 1,101,600.00

Less: SSS, Medicare & ECC (72,360.00)

Withholding Taxes (64,800.00)

HDMF (21,600.00)


PAY TO THE

ORDER OF MERALCO

PESOS Eighty five thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: MERALCO Amount

Eighty five thousand pesos only in words: For


Meralco bill for the period December 1-31 2004

Date of Check: January 3, 2005 Prepared by: Checked By: Approved by:

PAY TO THE


PESOS Two hundred forty nine thousand seven hundred fifty pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH



Two hundred forty nine thousand seven hundred fifty pesos only in words: For

In payment of purchases



PAY TO THE

ORDER OF PCI BANKARD, INC.

PESOS Ninety seven thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: PCI BANKARD, INC. Amount

Ninety seven thousand pesos only in words: For

Representation expenses of the president

incurred in December 2004

Date of Check: January 3, 2005


Prepared by: Checked By: Approved by:

PAY TO THE

ORDER OF MUNICIPALITY OF MANILA

PESOS Seventy thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: MUNICIPALITY OF MANILA Amount

Seventy thousand pesos only in words: For

Property taxes for 2004



PAY TO THE

ORDER OF PHILIPPINE LONG DISTANCE COMPANY

PESOS Fifteen thousand pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: PHILIPPINE LONG DISTANCE COMPANY Amount

Fifteen thousand pesos only in words: For

Telephone bill for December 2004



PAY TO THE

ORDER OF MWSS

PESOS Forty eight thousand five hundred pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: MWSS Amount

Forty eight thousand five hundred pesos only in words: For

Water bill for December 2004




PAY TO THE

ORDER OF ARBOLEDA CO., INC

PESOS One hundred forty three thousand four hundred fifty pesos only

PCI Bank __________________________

SUCAT ROAD BRANCH


Payee: ARBOLEDA CO., INC Amount

One hundred forty three thousand four hundred fifty pesos only in words: For

In payment of purchases


CHECK NO. 12345

DATE December 2, 2004

P 300,000.00

Three hundred thousand pesos only

__________________________ __________________________

CASH VOUCHER No.###12 Ninoy Aquino Avenue, Paranaque City | Tel: 632 843 7689


GENIUS PAPER PRODUCTS Date: December 2, 2004

Three hundred thousand pesos only

P 300,000.00

Check No.: 12345

by :

Date :

ACCOUNT NAME GRACE CORPORATION

Received above amount P

CHECK NO. 12346


P 972,750.00

Nine hundred seventy two thousand seven hundred fifty pesos only

__________________________ __________________________



SAPPHIRE CORPORATION Date: December 5, 2004

Nine hundred seventy two thousand seven hundred fifty pesos only

P 972,750.00

Check No.: 12346

by :

Date :

CHECK NO. 12347





P 34,200.00

Thirty four thousand two hundred pesos only

__________________________ __________________________



BUREAU OF INTERNAL REVENUE Date: December 7, 2004

Thirty four thousand two hundred pesos only

Remittance of Novenber 2004 taxes withheld on wages P 34,200.00

Check No.: 12347

by :

Date :

CHECK NO. 12348


P 87,500.00



Eighty seven thousand five hundred pesos only

__________________________ __________________________



SOCIAL SECURITY SYSTEM Date: December 9, 2004

Eighty seven thousand five hundred pesos only

P 87,500.00

Check No.: 12348

by :

Date :

CHECK NO. 12349


P 175,000.00

One hundred seventy five thousand pesos only

__________________________ __________________________





ARBOLEDA CO., INC. Date: December 10, 2004

One hundred seventy five thousand pesos only

P 175,000.00

Check No.: 12349

by :

Date :

CHECK NO. 12350


P 114,900.00

One hundred fourteen thousand nine hundred pesos only

__________________________ __________________________





SAPPHIRE CORPORATION Date: December 10, 2004

One hundred fourteen thousand nine hundred pesos only

P 114,900.00

Check No.: 12350

by :

Date :

CHECK NO. 12351


P 1,554,500.00

One million five hundred fifty four thousand five hundred pesos only

__________________________ __________________________





ARBOLEDA CO., INC Date: December 10, 2004

One million five hundred fifty four thousand five hundred pesos only

P 1,554,500.00

Check No.: 12351

by :

Date :

CHECK NO. 12352


P 14,000.00

__________________________ __________________________



CALTEX GAS Date: December 12, 2004





P 14,000.00

Check No.: 12352

by :

Date :

CHECK NO. 12353


P 1,080,000.00

One million eighty thousand pesos only

__________________________ __________________________



CALTEX GAS Date: December 14, 2004

One million eighty thousand pesos only



1,238,760.00

(72,360.00)

(21,600.00)

(64,800.00) P 1,080,000.00

Check No.: 12353

by :

Date :

CHECK NO. 12354


P 625,000.00

Six hundred twenty five thousand pesos only

__________________________ __________________________




Six hundred twenty five thousand pesos only

P 625,000.00



Check No.: 12354

by :

Date :

CHECK NO. 12355


P 13,250.00

Thirteen thousand two hundred fifty pesos only

__________________________ __________________________



MERALCO Date: December 15, 2004

Thirteen thousand two hundred fifty pesos only

P 13,250.00



Check No.: 12355

by :

Date :

CHECK NO. 12356


P 83,300.00

Eighty three thousand three hundred pesos only

__________________________ __________________________




Eighty three thousand three hundred pesos only

P 85,000.00

1,700.00

P 83,300.00 P 83,300.00

Check No.: 12356

by :




Date :

CHECK NO. 12357


P 5,000.00

__________________________ __________________________



ARCHER SUPPLIES Date: December 21, 2004

Five thousand pesos only

P 5,000.00

Check No.: 12357

by :

Date :



CHECK NO. 12358


P 32,500.00

Thirty two thousand five hundred pesos only

__________________________ __________________________




Thirty two thousand five hundred pesos only

P 32,500.00

Check No.: 12358

by :

Date :

CHECK NO. 12359





P 125,315.00

One hundred twenty five thousand three hundred fifteen pesos only

__________________________ __________________________




One hundred twenty five thousand three hundred fifteen pesos only

P 125,315.00

Check No.: 12359

by :

Date :

CHECK NO. 12360


P 25,000.00



Twenty five thousand pesos only

__________________________ __________________________




Twenty five thousand pesos only

P 25,000.00

Check No.: 12360

by :

Date :

CHECK NO. 12361


P 25,490.00

Twenty five thousand four hundred ninety pesos only



__________________________ __________________________




Twenty five thousand four hundred ninety pesos only

P 25,490.00

Check No.: 12361

by :

Date :

CHECK NO. 12362


P 13,325.00

Thirteen thousand three hundred twenty five pesos only

__________________________ __________________________





XYZ ADS Date: December 27, 2004

Thirteen thousand three hundred twenty five pesos only

P 13,325.00

Check No.: 12362

by :

Date :

CHECK NO. 12363


P 85,000.00

__________________________ __________________________

CASH VOUCHER No.###





XYZ ADS Date: December 28, 2004

Eighty five thousand pesos only

P 85,000.00

Check No.: 12363

by :

Date :

CHECK NO. 12364


P 942,840.00

Nine hundred forty two thousand eight hundred forty pesos only

__________________________ __________________________



PAYMASTER Date: December 28, 2004



Nine hundred forty two thousand eight hundred forty pesos only

P 942,840.00

Check No.: 12364

by :

Date :

CHECK NO. 12365

DATE January 3, 2005

P 85,000.00

__________________________ __________________________



MERALCO Date: January 3, 2005

Eighty five thousand pesos only



P 85,000.00

Check No.: 12365

by :

Date :

CHECK NO. 12366


P 249,750.00

Two hundred forty nine thousand seven hundred fifty pesos only

__________________________ __________________________



GENIUS PAPER PRODUCTS Date: January 3, 2005

Two hundred forty nine thousand seven hundred fifty pesos only

P 249,750.00



Check No.: 12366

by :

Date :

CHECK NO. 12367


P 97,000.00

Ninety seven thousand pesos only

__________________________ __________________________



PCI BANKARD, INC. Date: December 26, 2004

Ninety seven thousand pesos only

P 97,000.00

Check No.: 12367



by :

Date :

CHECK NO. 12368


P 70,000.00

__________________________ __________________________



MUNICIPALITY OF MANILA Date: January 4, 2005

Seventy thousand pesos only

P 70,000.00

Check No.: 12368

by :

Date :




CHECK NO. 12369


PHILIPPINE LONG DISTANCE COMPANY P 15,000.00

__________________________ __________________________



PHILIPPINE LONG DISTANCE COMPANY Date: January 4, 2005

Fifteen thousand pesos only

P 15,000.00

Check No.: 12369

by :

Date :



CHECK NO. 12370


P 48,500.00

Forty eight thousand five hundred pesos only

__________________________ __________________________



MWSS Date: January 4, 2005

Forty eight thousand five hundred pesos only

P 48,500.00

Check No.: 12370

by :

Date :

CHECK NO. 12371





P 143,450.00

One hundred forty three thousand four hundred fifty pesos only

__________________________ __________________________



ARBOLEDA CO., INC Date: January 4, 2005

One hundred forty three thousand four hundred fifty pesos only

P 143,450.00

Check No.: 12371

by :

Date :


grace corp book

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