ACCOUNT TITLE: CASH ACCOUNT NUMBER: 1001

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE

NO.
September 1 GJ-1 The owner invested in his business 39,000 39,000
September 2 GJ-1 Bought computer equipment, cash basis 10,000 29,000
September 3 GJ-1 Bought office supplies, cash basis 700 28,300
September 5 GJ-1 Paid freight on September 4 sale 200 28,100
September 11 GJ-2 Paid Lowtown Supply Co. 15,288 12,812
September 13 GJ-2 Received payment from September 4 14,896 27,708
sale
September 14 GJ-2 Bought Merchandise, cash basis 14,400 13,308
September 15 GJ-2 Paid employee salaries 1,500 11,808
September 16 GJ-2 Borrowed money from bank 12,000 23,808
September 17 GJ-2 Received refund from supplier 500 24,308
September 20 GJ-2 Freight cost on Sept. 18 purchase 700 23,608
September 23 GJ-2 Sold Merchandise, cash basis 16,400 40,008
September 26 GJ-3 Bought Merchandise, cash basis 12,300 27,708
September 27 GJ-3 Paid partial payment on Sept. 18 9,000 18,708
purchase
September 28 GJ-3 Cash withdrawal of owner for personal 2,008 16,700
use
September 29 GJ-3 Made cash refunds to customers 900 15,800
September 30 GJ-3 Paid the following expenses, cash basis 6,400 9,400
P 9,400

ACCOUNT TITLE: ACCOUNTS RECEIVABLES ACCOUNT NUMBER: 1202

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 4 GJ-1 Sold Merchandise on account 15,200 15,200
September 13 GJ-2 Received payment from September 4 15,200 0
sale
September 30 GJ-3 Sold Merchandise on account 13,700 13,700
P 13,700

ACCOUNT TITLE: SUPPLIES ACCOUNT NUMBER: 1400

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 3 GJ-1 Bought office supplies, cash basis 700 700
P 700

ACCOUNT TITLE: EQUIPMENT ACCOUNT NUMBER: 1500

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 2 GJ-1 Bought computer equipment, cash basis 10,000 10,000
P 10,000

ACCOUNT TITLE: ACCOUNTS PAYABLE ACCOUNT NUMBER: 2000

 DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 2 GJ-1 Bought merchandise on account 15,900 15,900
September 6 GJ-1 Received Credit from Lowtown Supply 300 15,600
Co.
September 11 GJ-1 Paid Lowtown Supply Co. 15,600 0
September 18 GJ-2 Bought Merchandise, on account basis 14,200
September 27 GJ-3 Paid partial payment on Sept. 18 9,000 5,200
purchase
P 5,200

ACCOUNT TITLE: NOTES PAYABLE ACCOUNT NUMBER: 2100

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 16 GJ-2 Borrowed money from bank, notes 12,000 12,000
payable
P 12,000

ACCOUNT TITLE: H. LOPEZ, CAPITAL ACCOUNT NUMBER: 3000

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 1 GJ-1 The owner invested in his business 39,000 39,000
P 39,000

ACCOUNT TITLE: H. LOPEZ, DRAWINGS ACCOUNT NUMBER: 3100

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 28 GJ-3 Cash withdrawal of owner for personal 2,008 2,008
use
P 2,008

ACCOUNT TITLE: SALES ACCOUNT NUMBER: 4100

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 4 GJ-1 Sold Merchandise on account 15,200 15,200
September 23 GJ-2 Sold Merchandise, cash basis 16,400 31,600
September 30 GJ-3 Sold Merchandise on account 13,700 45,300
P 45,300

ACCOUNT TITLE: SALES RETURN AND ALLOWANCES ACCOUNT NUMBER: 4101

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 29 GJ-3 Made cash refunds to customers 900 900
P 900

ACCOUNT TITLE: SALES DISCOUNT ACCOUNT NUMBER: 4102

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
 NO.
September 13 1 Received payment from September 4 304 304
sale
P 304

ACCOUNT TITLE: PURCHASES ACCOUNT NUMBER: 5100

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 2 GJ-1 Bought merchandise on account 15,900 15,900
September 14 GJ-2 Bought Merchandise, cash basis 14,400 30,300
September 18 GJ-2 Bought Merchandise, on account 14,200 44,500
September 26 GJ-3 Bought Merchandise, cash basis 12,300 56,800
P 56,800

ACCOUNT TITLE: PURCHASE RETURN AND ALLOWANCES ACCOUNT NUMBER: 5101

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 6 GJ-1 Received Credit from Lowtown Supply 300 300
Co.
September 17 GJ-2 Received refund from supplier 500 800
P 800

ACCOUNT TITLE: PURCHASE DISCOUNTS ACCOUNT NUMBER: 5102

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 11 GJ-1 Paid Lowtown Supply Co. 312 312
P 312

ACCOUNT TITLE: FREIGHT – IN ACCOUNT NUMBER: 5005

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 20 GJ-2 Freight cost on Sept. 18 purchase 700 700
P 700

ACCOUNT TITLE: FREIGHT – OUT ACCOUNT NUMBER: 5006

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 5 GJ-1 Paid freight on September 4 sale 200 200
P 200

ACCOUNT TITLE: SALARIES EXPENSE ACCOUNT NUMBER: 6100

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 15 GJ-2 Paid employee salaries 1,500 1,500
September 30 GJ-3 Paid various expenses 1,500 3,000
P 3,000

ACCOUNT TITLE: UTILITIES EXPENSE ACCOUNT NUMBER: 6200

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 30 GJ-3 Paid various expenses 400 400
P 400

ACCOUNT TITLE: RENT EXPENSE ACCOUNT NUMBER: 6300

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 30 GJ-3 Paid various expenses 3,500 3,500
P 3,500

ACCOUNT TITLE: ADVERTISING EXPENSE ACCOUNT NUMBER: 6400

DATE ITEM EXPLANATION DEBIT CREDIT BALANCE
NO.
September 30 GJ-3 Paid various expenses 1,000 1,000
P 1,000

Henry Lopez Merchandising

Unadjusted Trial Balance
For the Month Ended September, 2020.
ACCOUNT NO. ACCOUNT TITLE DEBIT CREDIT
1001 Cash 9,400
1202 Accounts Receivables 13,700
1400 Supplies 700
1500 Equipment 10,000
2000 Accounts Payable 5,200
2100 Notes Payable 12,000
3000 H. Lopez, Capital 39,000
3100 H. Lopez, Drawings 2,008
4100 Sales 45,300
4101 Sales Return and Allowances 900
4102 Sales Discount 304
5100 Purchases 56,800
5101 Purchase Return and Allowances 800
5102 Purchase Discount 312
5005 Freight-In 700
5006 Freight-Out 200
6100 Salaries Expense 3,000
6200 Utilities Expense 400
6300 Rent Expense 3,500
6400 Advertising Expense 1,000

P 102,612 P 102,612