JK Phone Store

General Journal Page 1

Date Description P.R Debit Credit
2018
March 5 Purchases 501 ₱26,000.00
Accounts Payable 201 ₱26,000.00
Purchased smartphone

5 Freight Out 505 ₱250.00

Accounts Payable 201 ₱250.00
To record shipping fee

6 Accounts Receivable 102 ₱75,000.00

Sales 401 ₱75,000.00
Sold merchandise on account

10 Purchase Returns & Allowances 502 ₱15,000.00

Cash 101 ₱15,000.00
Accepted returns of merchandise

15 Cash 101 ₱58,200.00

Sales Discounts 403 ₱1,800.00
Accounts Receivable 102 ₱60,000.00
Received full payment from Ruben Santos

April 8 Cash 101 ₱60,000.00

Accounts Receivable 102 ₱60,000.00
Received full payment from Ruben Santos