Date Details Dr Cr

(RM) (RM)
Feb 6 Dr Inventory  6,000
Cr Account payable - Maidin Store  6,000

8 Dr Inventory  240
Cr Cash  240

14 Dr Accounts Receivable – Lava Shop  4,200

Cr Sales  4,200
Dr COGS  3,000
Cr Inventory  3,000

18 Dr Account payable - Maidin Store  400

Cr Inventory 400

20 Dr Sales Return & Allowances  700

Cr Accounts Receivable – Lava Shop  700
Dr Inventory  500
Cr COGS  500

20 Dr Account payable - Maidin Store  5,600 

Cr Inventory  168 
Cr Cash  5,432 
(6,000 – 400= 5600 x 3% =168) 

23 Dr Cash  3,430
Dr Sales Discount  70
Cr Accounts Receivable – Lava Shop  3,500
(4,200 – 700= 3500 x 2%= 70) 