MARICHU FORNOLLES NOVELTIES

TRANSACTIONS IN DECEMBER 2020

DATE PARTICULARS DEBIT

7-Dec Accounts Receivable n/30, FOB shipping point 30,000

Sales

8-Dec Accounts Payable 60,000

Purchase n/30, FOB

9-Dec Freight In 254

Cash

10-Dec Accounts Payable 95,400

Purchase n/30, FOB shipping point
Freight In 600
Cash

13-Dec Purchase n/10 24,000

Accounts Payable

14-Dec Accounts Receivable n/30, FOB shipping point 24,000

Sales

14-Dec Cash 6,000

Purchase Return and Allowances

17-Dec Cash 30,000

Accounts Receivable

18-Dec Cash 4,000

Purchase Return and Allowances

19-Dec Cash 18,000

Sales

20-Dec Accounts Payable 95,400

Purchase
Cash 600
Freight In

21-Dec Cash 60,000

 Purchase Return and Allowances 6,000
Accounts Payable

24-Dec Sales Return and Allowances 2,000

Cash
CREDIT

30,000

60,000

254

95,400

600

24,000

24,000

6,000

30,000

4,000

18,000

95,400

600
54,000

2,000