101 Cash

102 Accounts Receivable

110 Supplies
180 Delivery Equipment
201 Accounts Payable
301 E. Mercado Capital
302 E. Mercado Drawings
401 Sales
402 Sales Return and Allowances
403 Sales Discount
501 Purchases
502 Purchase Returns and Allowances
503 Purchase Discount
504 Freight in
601 Salaries Expense
602 Rent Expense
603 Taxes and Licenses Expense
604 Advertising Expense
605 Freight out
Date Account Title Acc No. Debit Credit
Jun-01 Cash 101 2,450,000
Delivery Equipment 180 450,000
E. Mercado Capital 301 2,900,000
-investment of owner

Jun-01 Rent Expense 602 10,000

Taxes and Licenses Expense 603 5,000
Advertising Expense 604 4,000
Cash 19,000

Jun-01 Purchases 501 80,000

Accounts Payable 201 80,000
-Purchased merch on Golden Merchandising, 2/20, n/30

Jun-02 Accounts Receivable 102 650,000

Sales 401 650,000
-sold merch, terms n/30

Jun-03 Freight in 504 220

Cash 101 220
-paid freight for june 1

Jun-04 Accounts Payable 201 12,000

Purchase Returns and Allowances 502 12,000
-returned purchases with credit memo

Jun-05 Cash 101 8,300

Sales 401 8,300
-sold merch on cash

Jun-07 Cash 101 650,000

Accounts Receivable 102 650,000
- paid collection forsold merch, in july 2

Jun-11 Purchases 501 33,000

Cash 101 33,000
-Purchased inventory by cash

Jun-12 Freight out 605 200

Cash 101 200
-paid freight on June 5
Jun-15 Cash 101 35,000
Sales 401 35,000
-sold merch for cash

Jun-16 Supplies 110 5,000

Cash 101 5,000
-bought supplies for cash

Jun-18 Sales Return and Allowances 402 3,000

Cash 101 3,000
-Returned defective product from cash customer

Jun-20 Cash 101 66,640

Purchase Discount 503 1,360
Accounts Payable 201 68,000
- paid account of golden merchandisng

Jun-25 Salaries Expense 601 9,000

Cash 101 9,000
-paid salaries of staff

Jun-30 Purchases 501 50,000

Cash 101 50,000
-purchase of merch in cash

Jun-30 Cash 101 75,000

Sales 401 75,000
-sold merch in cash

Jun-30 E. Mercado Drawings 302 4,700

Cash 101 4,700
-withdrawal of owner