JK Phone Store

General Journal Page 1

Date Description P.R Debit Credit
2018
March 2 Purchases 501 ₱100,000.00
Accounts Payable 201 ₱100,000.00
To record purchased merchandise

2 Accounts Payable 201 ₱5,000.00

Purchase Returns & Allowances 502 ₱5,000.00
To record returned merchandise

4 Freight In 504 ₱2,000.00

Cash 101 ₱2,000.00
Freight payment

9 Accounts Payable 201 ₱100,000.00

Cash 101 ₱98,000.00
Purchase Discounts 503 ₱2,000.00
Paid balances to Phone Axis, inc.

April 3 Accounts Payable 201 ₱100,000.00

Cash 101 ₱100,000.00
Paid balances to Phone Axis, inc.