LR COMPANY

Purchases Journal Page

Date Accounts Credited Ref Other Accounts Dr.

JULY
1 Eby Company R
2 Shaw shipping R
5 GEtz Company R
13 Dayne Company(Supply) 126/R ₱720.00
Eby Company R
15
Bosco Company R
18 Welton Advertisement(Advertising) 610/R 600
24 GEtz Company R
26 Dayne Company(Supply) 157/R 900
28 Shaw shipping R
2220
(x)

LR COMPANY
Sales journal Page
Accounts
Date Account Debited Ref. Receivable Dr
Sales Revenue Cr
July R 1,300
Fort Company R 1,300
Hefner Bros R 1,500
Aybar Company R 3,450
Hefner Bros R 1870
Fort Company R 310
Duncan Company R 2,800
Aybar Company R 5,600
18,130
(112)(401)

LR COMPANY
General Journal Entries
Date Account Title Ref. Debit
July
8 Account payable 300
Merchandise inventory
To record received credit on merchandise
returnd to Getz Company

22 Sales Return and allowance 40

Accounts receivable
To record granted Allowance to Fort Company
for Merchandise damaged

LR COMPANY
GENERAL LEDGER

Account: Account Receivable

Date Description P.R. Dr.

July
22 G1
31 S1 16,830

LR COMPANY
GENERAL LEDGER

Account: Merchandise Inventory

Date Description P.R. Dr.

July
8 G1
31 P1 25,100

LR COMPANY
GENERAL LEDGER

Account: Account Payable

Date Description P.R. Dr.

July
22 G1
31 S1 16,830

LR COMPANY
GENERAL LEDGER

Account: Supplies

Date Description P.R. Dr.

July
13 P1 720

LR COMPANY
GENERAL LEDGER

Account: Equipment

Date Description P.R. Dr.

26
900

LR COMPANY
GENERAL LEDGER

Account: Advertising Expense

Date Description P.R. Dr.

July
18 P1 600

LR COMPANY
GENERAL LEDGER
Account: Account payable

Date Description P.R. Dr.

July
8 G1 300
31 P1

LR COMPANY
GENERAL LEDGER

Account: Sales

Date Description P.R. Dr.

July
31 S1

LR COMPANY
GENERAL LEDGER

Account: Sales Return and allowance

Date Description P.R. Dr.

July
22 G1 40

LR COMPANY
GENERAL LEDGER

Account: Cost of Goods sold

Date Description P.R. Dr.

July
31 S1 11,781
 LR COMPANY
ACCOUNT RECEIVABLE SUBSIDIARY LEDGER

Fort Company
Date Description Ref Debit
July
3 S1 1,300
21 S1 310
22 G1

Hefner Bros
Date Description Ref Debit
July
3 S1 1,500
16 S1 1,870

Aybar Company
Date Description Ref Debit
July
16 S1 3,450
30 S1 5,600

Duncan Company
Date Description Ref Debit
July
21 S1 2,800

LR COMPANY
Accounts Payable Subsidiary Ledger

Eby Company
Date Description Ref Debit
July
1 P1
15 P1

Shaw Shipping
Date Description Ref Debit
July
2 P1
28 P1

GEtz Company
Date Description Ref Debit
July
5 P1
8 G1 300
24 P1

Dayne Supply
Date Description Ref Debit
July
13 P1
26 P1

Bosco Company
Date Description Ref Debit
July
15 P1

Dayne Supply
Date Description Ref Debit
July
18 P1

LR COMPANY
Proof of Agreement (Accounts Receivable)
Control Accounts Balance Subsidiary Accounts
Total Account Recievable ₱16,790 Fort Company
Hefner Bros
Aybar Company
Duncan Company
Total of Control Accounts ₱16,790 Total of Subsidiary Accounts

LR COMPANY
 Proof of Agreement (Accounts Pable)
Control Accounts Balance Subsidiary Accounts
Total Account Payable ₱24,800 Eby Company
Shaw Shipping
Getz Company
Dayne Supply
Bosco Company
Welton Advertisements
Total of Control Accounts ₱24,800 Total of Subsidiary Accounts
P1
Inventory Dr.
Account Payable Cr.

₱8,000
400
3,200
720
3,600
4,300
600
3,000
900
380
25,100
(120)(201)

S1

Cost of Goods Sold Dr

Inventory Cr

910
1,050
2,415
1,309
217
1,960
3,920
11,781
(505)(120)

Page:G1
Credit

300

40

Account Number 112

Balance
Cr.
Dr. Cr.

40 40
16,790

Account Number 120

Balance
Cr.
Dr. Cr.

300 300
24,800

Account Number 201

Balance
Cr.
Dr. Cr.
 40 40
16,790

Account Number 126

Balance
Cr.
Dr. Cr.

720

Account Number 157

Balance
Cr.
Dr. Cr.

900

Account Number 610

Balance
Cr.
Dr. Cr.

600
Account Number 201
Balance
Cr.
Dr. Cr.

300
24,800 24,500

Account Number 401

Balance
Cr.
Dr. Cr.

16,830 16,830

Account Number 412

Balance
Cr.
Dr. Cr.

40

Account Number 505

Balance
Cr.
Dr. Cr.

11,781
ER

Credit Balance

1,300
1,610
40 1,570

Credit Balance

1,500
3,370

Credit Balance

3,450
9,050

Credit Balance

2,800

Credit Balance

8,000 8,000
3,600 11,600

Credit Balance
 400 400
380 780

Credit Balance

3,200 3,200
2,900
3,000 5,900

Credit Balance

720 720
900 1,620

Credit Balance

4,300 4,300

Credit Balance

600 600

eivable)
Subsidiary Accounts Balance
Fort Company ₱1,570
Hefner Bros ₱3,370
Aybar Company ₱9,050
Duncan Company ₱2,800
Subsidiary Accounts ₱16,790
able)
Subsidiary Accounts Balance
Eby Company ₱11,600
Shaw Shipping ₱780
Getz Company ₱5,900
Dayne Supply ₱1,620
Bosco Company ₱4,300
Welton Advertisements ₱600
Subsidiary Accounts ₱24,800