JOURNAL

DATE PARTICULARS P.R DEBIT CREDIT

2019
OCT.1 CASH P 100,000
FURNITURE&FIXTURES 30,000
STORE EQUIPMENT 20,000
PURCHASES 100,000
MERRY JOY, CAPITAL P 250,000
INITIAL INVESTMENT

2 CASH 220,000
SALES 220,000
ISSUED SALES IN CASH

3 PURCHASES 50,000
ACCOUNTS PAYABLE- 50,000
ACE TRADING
PURCHASED W/TERMS
2/10,N/30

4 STORE EQUIPMENT 32,000

ACCOUNTS PAYABLE- 32,000
GOOD EQUIPMENT
PURCHASED ADD’L
INVESTMENT W/TERMS
2/10, N/30

6 ACCOUNTS PAYABLE- 3,000

ACE TRADING
PURCHASE RETURNS & 3,000
ALLOWANCES
RETURNED PURCHASE

7 CASH 10,000
ACCOUNTS RECEIVABLE- 50,000
BEST MERCHANDISHING
SALES 60,000
SALES W/BAL. 2/10,N/30
DATE PARTICULARS P.R DEBIT CREDIT
2019
OCT
8 ACCOUNTS PAYABLE- 2,000
GOOD EQUIPMENT
STORE EQUIPMENT 2,000
PURCHASED DISCOUNT

9 PURCHASES 20,000
NOTES PAYABLE- 20,000
CROP CORPORATION
PURCHASED W/NOTES 6/20

10 CASH 100,000
MERRY JOY, CAPITAL 100,000
ADD’L INVESTMENT

11 FREIGHT IN - 1,500
CROP CORPORATION
CASH 1,500
PAIDTRANSPORTAION FOR
PURCHASED MERCH.

ACCOUNTS RECEIVABLES- 50,000

JP ENTERPRISES
SALES 50,000
SALES ON ACCOUNT
2/10,N/30

12 CASH 5,000
ACCOUNTS RECEIVABLE- 5,000
BEST MERCHANDISING
RECEIVED PARTIAL
PAYMENT

13 ACCOUNTS PAYABLE- 47,000

ACE TRADING
CASH 46,060
PURCHASE DISCOUNT 940
PAID ACCOUNT IN FULL
DATE PARTICULARS P.R DEBIT CREDIT
2019
OCT
14 ACOOUNTS PAYABLE- P 30,000
GOOD EQUIPMENT
STORE EQUIPMENT P 600
CASH 29,400
PAID ACCOUNT IN FULL

15 WAGES EXPENSE 15,000

CASH 15,000
PAID HALF MONTH SALARY

17 CASH 44,100
SALES DISCOUNT 900
ACCOUNTS RECEIVABLE- 45,000
BEST MERCHANDISING
RECEIVED FULL PAYMENT

18 ACCOUNTS RECEIVABLES- 50,000

CARGO ENTERPRISES
SALES 50,000
SALES ON ACCOUNT

19 FREIGHT OUT- 1,500

CARGO ENTERPRISES
CASH 1,500
PAID TRANSPORTATION OF
MERCHANDISE SOLD

20 NOTES RECEIVABLE- 50,000

V. MORALES
SALES 50,000
SALES ON NOTES
ACCOUNT 6%, 20 DAY.

21 UTILITIES EXPENSE 1,500

CASH 1,500
PAID TELEPHONE BILL
DATE PARTICULARS P.R DEBIT CREDIT
2019
0CT
21 CASH P49,000
SALES DISCOUNT 1,000
ACCOUNTS RECEIVABLE- P50,000
JP ENTERPRISES
COLLECTED PAYMENT IN FULL

22 STORE SUPPLIES 5,000

CASH 5,000
PURCHASED IN CASH

23 CASH 47,530
SALES DISCOUNT 970
ACCOUNTS RECEIVABLE- 48,500
CARGO ENTERPISES
RECEIVED FULL PAYMENT

25 MERRY JOY, DRAWING 10,000

CASH 10,000
WITHDRAW FORPERSONAL

27 FUELAND OIL EXPENSES 600

CASH 600
PAID FOR GAS AND OIL

29 NOTES PAYABLE- 18,500

CROP CORPORATION
CASH 18,130
PURCHASE DISCOUNT 370
PAID IN FULL ACCOUNT

30 CASH 47,000
SALES DISCOUNT 3,000
NOTES RECEIVABLE- 50,000
V.MORALES
RECEIVED FULL PAYMENT