FileAsia DISTRIBUTORS

CLOSING JOURNAL ENTRIES

April 30, 2016

Date Particulars Acct Code DBIT CREDIT

April 30 Sales 45,300.00
Income & Expense Summary 44,096.00
Sales Return and Allowances 900.00
Sales Discount 304.00

Income and Expense Summary 41,800.00

Cost of Goods Sold 33,700.00
Advertising 1,000.00
Freight Out 200.00
Rent 3,500.00
Salaries 3,000.00
Utilities 400.00

Income and Expense Summary 2,296.00

J.Lopez Capital 2,296.00

J.Lopez Capital 2,008.00

J. Lopez Drawing 2,008.00

DOLL DISTRIBUTORS
CLOSING JOURNAL ENTRIES
April 30, 2016

Date Particulars Acct Code DBIT CREDIT

April 30 Sales 45,300.00
Income & Expense Summary 44,096.00
Sales Return and Allowances 900.00
Sales Discount 304.00

Merchandise Inventory End 25,000.00

Purchase Return and Allowances 800.00
Purchase Discount 312.00
Income and Expense Summary 31,388.00
Purchases 56,800.00
Freight In 700.00

Income and Expense Summary 8,100.00

Advertising 1,000.00
Freight Out 200.00
Rent 3,500.00
Salaries 3,000.00
Utilities 400.00

Income and Expense Summary 4,608.00

J.Lopez Capital 4,,608.00

J.Lopez Capital 2,008.00

J. Lopez Drawing 2,008.00
117,516,00 117,516.00