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Business Financial Records

The document contains journal entries for various transactions from July 1-July 31. It includes entries for sales, cash receipts, purchases, cash payments, and adjusting entries. The sales journal shows sales to various customers from July 6-July 21. The cash receipts journal records cash received from sales and deposits from July 1-July 28. The purchase journal lists items purchased on account from July 4-July 20. The cash payment journal shows expenses paid in cash from July 4-July 19. An adjusting entry on July 29 reclassifies inventory.

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Celine Alexa
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107 views4 pages

Business Financial Records

The document contains journal entries for various transactions from July 1-July 31. It includes entries for sales, cash receipts, purchases, cash payments, and adjusting entries. The sales journal shows sales to various customers from July 6-July 21. The cash receipts journal records cash received from sales and deposits from July 1-July 28. The purchase journal lists items purchased on account from July 4-July 20. The cash payment journal shows expenses paid in cash from July 4-July 19. An adjusting entry on July 29 reclassifies inventory.

Uploaded by

Celine Alexa
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

P-7-5A

Sales Journal
Date Account Debited Invoice No. Ref

6-Jul Dow Co
8-Jul S.Goebel
10-Jul W.Leiss
21-Jul H.Kenney

Cash Receipt Journa


Date Account Credited Ref Cash Dr

1-Jul Owners Capital 80,000


7-Jul Cash Sales 8,000
13-Jul S.Goebel 4,554
16-Jul W.Leiss 4,851
20-Jul Dow Co 6,200
28-Jan Inventory 420
104,025

Purchase Journal
Date Account Credited Terms Ref
4-Jul N.Alvarado
5-Jul F. Rees
11-Jul J. Gallup
13-Jul C.Werly
20-Jul M.Mangus
Cash Payment Journ
Ck.
Date Account Debited Ref
No.
4-Jul Supplies
10-Jul F.Rees
11-Jul Prepaid Rent
15-Jul N.Alvarado
19-Jul Owner Drawings
21-Jul C.Werly

General Journal
Date Account Title and Explanation Ref Debit
29-Jul Cash 420
Account Payable 420
Inventory
Account Receivable Dr. Cost of Good Sold Dr.
Sales Revenue Cr. Inventory Cr.

6200 4030 1/10 n/30


4600 2990 1/10 n/30
4900 3185 1/10 n/30
5000 3250 1/10 n/30
0
0
0
0
0

20700 13455

ceipt Journal
Cost of
Other Accounts Good
Sales Sales Revenue
Account Receivable Cr Cr Sold Dr
Discount Dr Cr Inventory
Cr

80,000
8,000 5,200
46 4,600
49 4,900
6,200
420
95 15,700 8,000 80,420 5,200

Inventory Dr
Account Payable Cr
6800
8100
5920
15300
7900
44020

h Payment Journal
Cash
Other Accounts Dr. Account Payable Dr. Inventory Cr. Cr
600 600
8100 81 8019
6000 6000
6800 6800
2500 2500
15300 153 15147

9100 30200 234 39066

Credit

420

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