John Carlos B.

Santos BSA101

Date Particulars PR Debit Credit

July 1 Accounts Receivable 63,000
Sales 63,000
To record merchandise sold on credit

2 Purchases 190,000
Accounts Payable 190,000
To record purchased merchandise on credit

2 Freight In 14,500
Cash 14,500
To record freight charges on merchandise
received

9 Purchases 170,000
Freight In 10,000
Accounts Payable 180,000
To record purchased merchandise including
freight cost

11 Sales Return and Allowances 15,000

Accounts Receivable 15,000
To record the received merchandise returned

14 Accounts Payable 30,000

Purchase Return and Allowances 30,000
To record returned of goods purchased

16 Cash 50,000
Sales 50,000
To record merchandise sold on cash

22 Accounts Payable 160,000

Cash 160,000
To record payment for merchandise purchased
John Carlos B. Santos BSA101

23 Cash 90,000
Accounts Receivable 90,000
To record payment received for merchandise
sold