GENERAL JOURNAL

DATE PARTICULARS FOLIO

07/01/20A Purchases
Cash in Bank
Bought merchandise for cash.

07/02/20A Cash in Bank

Purchase Return & Allowances
Cost of merchandise being returned.

07/04/20A Purchases
Accounts Payable
Bought merchandise on account.

07/06/20A Accounts Payable

Purchase Return & Allowances
Cost of merchandise being returned.

07/07/20A Accounts Payable

Purchase Discounts
Cash in Bank
Paid account with discount.

07/08/20A Cash in Bank

Sales
Sold merchandise for cash.

07/09/20A Sales Return & Allowances

Cash in Bank
Cost of merchandise being returned.

07/10/20A Accounts Receivable

Sales
Sold merchandise on account.

07/11/20A Sales Return & Allowances

Accounts Receivable
Cost of merchandise being returned.

07/12/20A Cash in Bank

Sales Discount
Accounts Receivable
Collected account with discount.
07/13/20A Purchases
Cash in Bank
Bought merchandise on account.

07/14/20A Cash in Bank

Purchase Return & Allowances
Cost of merchandise being returned

07/15/20A Purchases
Accounts Payable
Bought merchandise on account.

07/16/20A Accounts Payable

Purchase Return & Allowances
Cost of merchandise being returned.

07/17/20A Accounts Payable

Purchase Discounts
Cash in Bank
Paid account.

07/18/20A Cash in Bank

C. Tabaranza , Capital
Additional Investment.

07/19/20A C. Tabaranza, Drawing

Cash in Bank
The owner withdrew a cash.

07/20/20A Salaries Expense

Cash in Bank
Paid salaries for the month.

TOTAL
DEBIT CREDIT
50,000
50,000

6,000
6,000

20,000
20,000

2,000
2,000

18,000
360
17,640

35,000
35,000

2,000
2,000

20,000
20,000

3,000
3,000

16,490
510
17,000
 2,000
2,000

1,000
1,000

35,000
35,000

2,500
2,500

32,500
3,250
29,250

300,000
300,000

50,000
50,000

20,000
20,000

616,000 616,000