Scribd Logo
Upload

Welcome to Scribd!

  • 13 views

    Journal Entry

    Uploaded by

    Vincenzo Cassano

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Journal Entry

    Uploaded by

    Vincenzo Cassano
    13 views2 pages

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    13 views2 pages

    Journal Entry

    Uploaded by

    Vincenzo Cassano

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    PHINMA UNIVERSITY OF ILOILO

    College of Management
    BOOKKEEPING ENHANCEMENT

    NAME: MARTINEZ, JUVY STEPHANIE A. Course/Year/Section: 2BSA-1 Date: AUGUST 22, 2022
    1. Journalizing: (Periodic Inventory Method) GJ- 1
    Date Particulars Post Debit Credit
    Ref
    Nov 1 Cash 110 P 39,000
    Jewel Dragon, Capital 300 P 39,000
    To record investment in business.

    2 Equipment 150 P 10,000


    Cash 110 P 10,000
    To record purchased equipment.

    2 Merchandise Inventory 130 P 15,900


    Accounts Payable 210 P 15,900
    To record purchased merchandise inventory on
    account.

    3 Office Supplies 140 P 700


    Cash 110 P 700
    To record purchased office supplies.

    4 Accounts Receivable 120 P 15,200


    Sales 410 P 15,200
    To record sales on account.

    5 Freight Out 610 P 200


    Cash 110 P 200
    To record freight out paid.

    6 Accounts Payable 415 P 300


    Purchase Return and Allowances 120 P 300
    To record credit received from Cagayan Supply
    Company.

    11 Accounts Payable 210 P 15,600


    Cash 110 P 15,288
    Purchase Discount 530 P 312
    To record payment of purchases on account.

    13 Cash 110 P 14,896


    Sales Discount 420 P 304
    Accounts Receivable 120 P 15,200
    To record collection of sales on account.

    14 Merchandise Inventory 130 P 14,400


    Cash 110 P 14,400
    To record purchased merchandise inventory.

    15 Salaries Expense 650 P 1,500


    Cash 110 P 1,500
    To record salaries expense.
    GJ-2
    Date Particulars Post Ref Debit Credit
    16 Cash 110 P 12,000
    Notes Payable 220 P 12,000
    To record borrowed money, signed a promissory note.

    17 Cash 110 P 500


    Purchase Return and Allowances 520 P 500
    To record received refund from supplier.

    18 Merchandise Inventory 130 P 14,200


    Accounts Payable 210 P 14,200
    To record purchased merchandise inventory on account.

    20 Freight In 540 P 700


    Cash 110 P 700
    To record freight in paid

    23 Cash 110 P 16,400


    Sales 410 P 16,400
    To record sales on cash.

    26 Merchandise Inventory 130 P 12,300


    Cash 110 P 12,300
    To record bought merchandise inventory.

    27 Accounts Payable 210 P 9,000


    Cash 110 P 9,000
    To record payment of purchase on account.

    28 Jewel Dragon, Drawing 310 P 2,008


    Cash 110 P 2,008
    To record drawings.

    29 Sales Return and Allowances 415 P 900


    Cash 110 P 900
    To record a refund to cash customers.

    30 Accounts Receivable 120 P 13,700


    Sales 410 P 13,700
    To record sales on account.

    30 Advertising Expense 620 P 1,000


    Utilities Expense 630 P 400
    Rent Expense 640 P 3,500
    Salaries Expense 650 P 1,500
    Cash 110 P 6,400
    To record payment of expenses.

    You might also like