Date Description PR Debit Credit

Apr-01 Cash / 39,000 Date

2020 Lopez, Capital/ 39,000 2020
To record initial investment Apr-01
2
2 Equipment/ 10,000 3
Cash / 10,000 5
To record purchase equipment 11
13
2 Purchases/ 15,900 14
Accounts Payable/ 15,900 15
To record purchases on account 16
17
3 Supplies/ 700 20
Cash / 700 23
To record purchased office supplies 26
27
4 Accounts Receivable/ 15,200 28
Sales/ 15,200 29
To record sold goods on account 30

5 Freight Out/ 200

Cash/ 200
To record freight on sales 2020
Apr-04
6 Accounts Payable/ 300 13
Purchase Return and Allowances/ 300 30
To record returned goods

11 Accounts Payable/ 15600 Apr-03

Purchase Discount/ 312
Cash/ 15288
To record payment on account Apr-02

13 Cash/ 14896
Sales Discount/ 304 Apr-02
Accounts Receivable/ 15200 6
To record collection from customers 11
18
14 Purchases/ 14,400 27
Cash/ 14,400
To record purchases in cash
Apr-16
15 Salaries/ 1,500
Cash/ 1,500
To record payment in salary Apr-01

16 Cash/ 12,000
 Notes Payable/ 12,000 Apr-28
To record borrowed money

17 Cash/ 500 Apr-04

Purchase Returns and Allowances/ 500 23
To record refund from supplier 30

18 Purchases/ 14,200
Accounts Payable/ 14,200 Apr-29
To record purchases on account

20 Freight In/ 700 Apr-13

Cash/ 700
To record transportation cost
Apr-02
23 Cash/ 16,400 14
Sales/ 16,400 18
To record sold goods 26

26 Purchases/ 12,300
Cash/ 12,300 6
To record purchases in cash 17

27 Accounts Payable/ 9,000

Cash/ 9,000 11
To record partial payment

28 Lopez, Drawings/ 2,008 20

Cash/ 2,008
To record withdrawal of owner
30
29 Sales Returns and Allowances/ 900
Cash/ 900
To record refund to customer 5

30 Accounts Receivable/ 13,700

Sales/ 13,700 30
To record sold goods on account

30 Advertising/ 1,000 15
Utilities 400 30
Rent Expense 3,500
Salaries 1,500
Cash/ 216,108 6,400 30
To record payment in advertising, 216108
utilities, rent and salary
Account title: CASH
Description pr Debit Credit Debit Credit

Initial Investment 39,000 39,000

Purchase Equipment 10,000 29,000
Purchase Supplies 700 28,300
Freight on sales 200 28,100
Payment on account 15288 12,812
Collection from customer 14896 27,708
Purchase merchandise 14,400 13,308
Payment of salary 1,500 11,808
Borrowed money 12,000 23,808
Refund from supplier 500 24,308
Transportation cost 700 23,608
Sold goods 16,400 40,008
Purchase of merchandise 12,300 27,708
Partial Payment 9000 18,708
Withdrawal of owner 2,008 16,700
Refund to customer 900 15,800
Payment in advertising, 6,400 9,400
utilities, rent and salary

ACCOUNT TITLE: ACCS. RECEIVABLE

Sold goods on account 15,200 15,200

Collection from customer 15,200 0
Sold goods on account 13,700 13,700

ACCOUNT TITLE: SUPPLIES

Purchase supplies 700 700

ACCOUNT TITLE: EQUIPMENT

Purchase equipment 10,000 10,000

ACCOUNT TITLE: ACCS. PAYABLE

Purchases on account 15,900 15,900
Returned goods 300 15,600
Payment on account 15,600 0
Purchases on account 14,200 14,200
Partial payment 9,000 5,200

ACCOUNT TITLE: NOTES PAYABLE

Borrowed money 12,000 12,000

ACCOUNT TITLE: LOPEZ, CAPITAL

Initial Investments 39,000 39,000

ACCOUNT TITLE: LOPEZ, DRAWINGS

Withdrawal of owner 2,008 2,008

ACCOUNT TITLE: SALES

Sold goods on account 15,200 15,200
Sold goods on account 16,400 31,600
Sold goods on account 13700 45,300

ACCOUNT TITLE: SALES RETURN

Refund to customer 900 900

ACCOUNT TITLE: SALES DISCOUNT

Collection from customer 304 304

ACCOUNT TITLE: PURCHASES

Purchases on account 15,900 15,900
Purchase in cash 14,400 30,300
Purchases on account 14,200 44,500
Purchases in cash 12,300 56,800

ACCOUNT TITLE: PURCHASE RETURN

Returned goods 300 300
Refund from supplier 500 800

ACCOUNT TITLE: PURCHASE DISC.

Payment on account 312 312

ACCOUNT TITLE: FREIGHT IN

Transportation cost 700 700

ACCOUNT TITLE: ADVERTISING

Payment in advertising 1000 1000

ACCOUNT TITLE: FREIGHT OUT

Freight on sales 200 200

ACCOUNT TITLE: RENT EXP.

Payment in rent expense 3500 3,500

ACCOUNT TITLE: SALARIES

Payment in salary 1,500 1,500
Payment in salary 1,500 3000

ACCOUNT TITLE: UTILITIES

Payment in utilities 400 400