JANET MATUGUINAS TRADING COMPANY

GENERAL JOURNAL

DATE ACCOUNT TITLE AND EXPLANATION

October 7 Accounts Receivable

Sales
Sold merchandise on account, terms n/30, FOB shipping point

October 8 Purchases
Accounts Payable
Purchased on account, terms n/30, FOB shipping point

October 9 Freight in
Cash
Purchased mercahndise on account terms n/30, FOB shipping point

October 10 Purchases
Freight in
Accounts Payable
Purchases merchandise on account, terms n/30, FOB shipping point

October 13 Office Supplies

Accounts Payable
To record purchase of office supplies, terms n10

October 14 Accounts Receivable

Sales
Sold merchandise on account, terms n/30, FOB shipping point

October 14 Accounts Payable

Purchase returns and allowances
Return damaged of merchandise purchased on October 8

October 17 Cash
Accounts Receivable
Receive check payment for purchased on October 7

October 18 Accounts Payable

Office Supplies
Return portion of the office supplies on October 13

October 19 Cash
Sales
To record sale mercahndise for cash
October 20 Accounts Payable
Cash
Paid purchase on October 10

October 21 Accounts Payable

Cash
Paid balance from transaction on October 8 and 14

October 24 Sales return and allowances

Accounts Receivable
Return of merchandise

TOTAL
MPANY

DEBIT CREDIT

30,000
30,000

60,000
60,000

2,540
2,540

90,000
6,000
96,000

24,000
24,000

24,000
24,000

6,000
6,000

30,000
30,000

4,000
4,000

18,000
18,000
 96,000
96,000

54,000
54,000

2,000
2,000

446,540 446,540