Date Account Titles PR Debit Credit

Mar-01 Cash 101 P 20 000

Purchases 501 130 000
D.Sales, Capital 301 P 150 000
to record woner's investment

2 Purchases 501 9 700

Accounts payable 201 9 700
to record purchased merch. On account

5 equipment 105 25 500

accounts payable 201 25 500
to record bought equipment on account

10 Accounts payable 201 9 700

cash 101 9 506
purchase discount 503 194
to record paid account with discount

11 accounts payable 201 500

equipment 105 500
to record received credit memo for purchased equipment

13 Accounts receivable 102 5 000

sales 601 5 000
to record sales on account

14 Purchases 501 7 750

accounts payable 201 7 750
to record purchased merchandise on account

15 cash 101 12 650

sales 601 12 650
to record cash sales

16 accounts receivable 102 8 950

sales 601 8 950
to record sales on account

17 accounts receivable 102 17 500

sales 601 17 500
to record sales on account

20 cash 101 3 950

accounts receivable 102 3 950
to record received partial payment

23 cash 101 7 500

 accounts receivable 102 7 500
to record received partial payment

26 cash 101 15 700

sales 601 15 700
to record cash sales

27 Utility expense 404 1 500

salaries expense 402 12 000
rent expense 401 10 000
cash 101 23 500
to record paid expenses