Journal 1

Date Description Rf # Debit Credit

##
Jan. 2Cash 101 ########
J. Tan's Capital 301 ########
To recored Mr. Tan's
Investment

3 Purchases 501 80,000.00

Accounts Payable 201 80,000.00
To record purchases from
Baclaran Market

4 Communication Expense 502 5,000.00

Cash 101 5,000.00
To record payment of
telephone bill

5 Purchases 501 16,000.00

Accounts Payable 201 16,000.00
To record purchases
from Lawton

6 Purchases 501 20,000.00

Cash 101 20,000.00
To record purchases
from Angono in cash

7 Office Supplies 105 4,500.00

Cash 101 4,500.00
To record purchased of
supplies

8 Accounts Payable 201 3,000

Purchased Return and Allowances 502 3,000.00
To record return of purchases
to Baclaran Market

9 Accounts Payable 201 77,000.00

Cash 101 74,690.00
Purchase Discount 503 2,310.00
To record paid in full
from Baclaran Market

10 Accounts Receivable 102 35,000.00

Sales 401 35,000.00
 To record Sales

11 Cash 101 50,000.00

Sales 401 50,000.00
To record sales

15 Sales Return and Allowances 402 2,000.00

Accounts Receivable 102 2,000.00
To record sales return

16 Accounts Payable 201 16,000.00

Cash 101 15,680.00
Purchased Discount 502 320
To record payment of Purchases
from Lawton

17 Cash 101 50,000.00

Notes Payable 202 50,000.00
To record bank loan

19 Accounts Receibvable 102 25,000.00

Sales 401 25,000.00
To record Sales

20 Salaries Expense 601 3,500.00

Communication Expense 602 1,500.00
Rent Expense 603 2,100.00
Cash 101 7,100.00
To record payment of
Expenses

21 J. Tan's Drawing 302 3,500.00

Cash 102 3,500.00
To record owners withdrawal

22 Freight In 504 800.00

Cash 101 800.00
To record transportation
cost
604 1,100.00
30 Freight Out 101 1,100.00
Cash
To record Transportation
cost