no.

1
GENERAL JURNAL
READY - SET - GO, LTD.
AT THE END OF JUNE
DATE ACCOUNT TITLE DEBIT KREDIT
July 1 Merchandise Inventory 1,500
Accounts Payable 1,500
3 Accounts Receivable 2,200
Sales 2,200
Cost Of Goods Sold 1,400
Merchandise Inventory 1,400
9 Accounts Payable 1,500
Cash 1,200
Merchandise Inventory 3000
12 Cash 2,178
Sales Discount 22
Accounts Receivable 2,200
17 Accounts Receivable 1,400
Sales 1,400
Cost Of Goods Sold 1,010
Merchandise Inventory 1,010
18 Merchandise Inventory 1,900
Accounts Payable 1,900
Merchandise Inventory 125
Cash 125
20 Accounts Payable 300
Merchandise Inventory 300
21 Cash 1,386
Sales Discount 14
Accounts Receivable 1,400
22 Accounts Receivable 2,250
Sales 2,250
Cost Of Goods Sold 1,350
Merchandise Inventory 1,350
30 Accounts Payable 1,600
Cash 1,600
31 Sales returns and allowed 200
Accounts Receivable 200
Merchandise Inventory 120
Cost Of Goods Sold 120
2
General jurnal
date account titles debit credit
april , 2 merchendise inventory 6,200
account payable 6,200
4 account receivable 5,500
sales 5,500
cost of goolds sold 3,400
merchendise inventory 3,400
5 freight-out 240
cash 240
6 account payable 500
merchendise inventory 500
11 account payable 5,700
merchendise inventory 57
cash 5,643
13 cash 5,445
sales discount ($5,500 x 1%) 55
account receivable 5,500
14 merchendise inventory 3,800
cash 3,800
16 cash 500
merchendise inventory 500
18 merchendise inventory 4,500
account payable 4,500
20 merchendise inventory 160
cash 160
23 cash 7,400
sales 7,400
cost of goolds sold 4,120
merchendise inventory 4,120
26 merchendise inventory 2,300
cash 2,300
27 account payable 4,500
merchendise inventory ($4,500 x 2%) 90
cash 4,410
29 sales return and allowances 90
cash 90
merchendise inventory 30
cost of goolds sold 30
 30 account receivable 3,400
sales 3,400
cost of goolds sold 1,900
merchendise inventory 1,900
B. cash
date explanation ref debit credit balance
1 balance j1 8,000
5 j1 240 7,760
11 j1 5,643 2,117
13 j1 5,445 7,562
14 j1 3,800 3,762
16 j1 500 4,262
20 j1 160 4,102
23 j1 7,400 11,502
26 j1 2,300 9,202
27 j1 4,410 4,792
29 j1 90 4,702
account receivable
date explanation ref debit credit balance
april , 4 j1 5,500 5,500
13 j1 5,500 0
30 j1 3,400 3,400
marchendise inventory
date explanation ref debit credit balance
april,2 j1 6,200 6,200
4 j1 3,400 2,800
6 j1 500 2,300
11 j1 57 2,243
14 j1 3,800 6,043
16 j1 500 5,543
18 j1 4,500 10,043
20 j1 160 10,203
23 j1 4,120 6,083
26 j1 2,300 8,383
27 j1 90 8,293
29 j1 30 8,323
30 j1 1,900 6,423
account payable
date explanation ref debit credit balance
april , 2 j1 6,200 6,200
6 j1 500 5,700
11 j1 5,700 0
 18 j1 4,500 4,500
27 j1 4,500 0
share capital
date explanation ref debit credit balance
april , 1 balance 8,000
sales
date explanation ref debit credit balance
april , 4 j1 5,500 5,500
23 j1 7,400 12,900
30 j1 3,400 16,300
sales return and allowaces
date explanation ref debit credit balance
april , 29 j1 90 90
sales discount
date explanation ref debit credit balance
april ,13 j1 55 55
cost of goods sold
date explanation ref debit credit balance
april , 4 j1 3,400 3,400
23 j1 4,120 7,520
29 j1 30 7,490
30 j1 1,900 9,390
freight-out
date explanation ref debit credit balance
april ,5 j1 240 240
VREE DISTRIBUTING COMPANY
income statement (partial)
for the month ended april 30, 2008

sales revenues
sales 15600
less : sales return and allowed 90
sales discount 55+
145
net sales 15455
cost of goods sold 11990 -
gross profit 3465