*Note: For every A/R and A/P transaction, don't forget to update the

subsidiary ledger as a reference to get the updated balance of each

customer/ supplier whenever you collect/ pay.

SALES JOURNAL 8pts

Accounts
Invoice Accounts Receivable
Date Terms F (Dr) Sales
No. Debited
(Cr)
Apr 5 0001 Lucky Bird 2/10, n/30 16,500
15 0002 Cobra 2/10, n/30 30,000
20 0003 Dona Aurora 2/10, n/30 25,000
21 0004 Lucky Bird 2/10, n/30 15,000
21 0005 Daisy 1/15, n/30 35,000
22 0006 Cobra 2/10, n/30 9,500
23 0007 Daisy 2/10, n/30 8,900
31 0008 Daisy n/30 7,000
31 0009 Dona Aurora n/30 27,000
173,900
(12) (51)
 CASH RECEIPTS JOURNAL

Sundry Accounts Sales

Accounts F Sales Cash 15 pts
Date OR # Account Receivabl Discount
Credited e
(Cr) (Cr) (Cr) Dr Dr
Apr 1 JR, Capital 0001 41 500,000 500,000
8 Sales 0002 a 25,000 25,000
16 Lucky Bird 0003 a 15,000 15,000
20 Cobra 0004 a 30,000 600 29,400
22 Sales 0005 a 14,000 14,000
31 Daisy 0006 a 35,000 350 34,650
31 Sales 0007 a 13,000 13,000
500,000 80,000 52,000 950 631,050
a (12) (51) (52) (11)
 PURCHASES JOURNAL

Accounts
Accounts Payable Purchases
Date Terms F
Credited
(Cr) (Dr)
Apr 2 Marsh Co. 2/10, n/30 a 30,000 30,000
6 Apple Co. n/30 a 50,000
12 Marsh Co. 2/10, n/30 a 24,000 24,000
14 Fonz Co. 2/10, n/30 a 25,000 25,000
17 Morz Co. 2/10, n/30 a 40,000 40,000
169,000 119,000
(31) (61)
 CASH PAYMENTS JOURNAL
Account Purchas
Check Sundry s Purchase e
Date Accounts Debited F Account Payable s Discount Cash
No.
(Dr) (Dr) (Dr) (Cr) (Cr)
Apr 1 25001 Store Equipment 21 71,000 71,000
3 25002 Prepaid Insurance 17 12,000 12,000
9 25003 Purchases a 30,000 30,000
10 25004 Marsh Co. a 28,000 560 27,440
11 25005 Rent Expense 73 8,000 8,000
13 25006 Taxes and Licenses 71 5,000 5,000
17 25007 Office Supplies 15 12,500 12,500
31 25008 Salaries Expense 71 30,000 30,000
138,500 28,000 30,000 560 195,940
a (31) (61) (63) (11)
7 pts
 GENERAL JOURNAL
Date Description F Debit Credit
Apr 4 Accounts Payable - Marsh Co. 21 2,000 *Note: For every A/R and A/P transaction, don'
Purchase Returns and Allow 62 2,000 to get the updated balance of each customer/ s
To record return of damaged merchandise to Marsh Co.

7 Sales Returns and Allow 52 1,500

Accounts Receivable - Luck 12 1,500
To record return of merchandise from Lucky Bird
R and A/P transaction, don't forget to update the subsidiary ledger as a reference
balance of each customer/ supplier whenever you collect/ pay.
Accounts Receivable - Subsidiary Ledger
Lucky Bird
Date Folio Debit Credit Balance
Apr 5 SJ 16,500 16,500
7 GJ 1,500 15,000
16 CRJ 15,000 -
21 SJ 15,000 15,000
Cobra
Date Folio Debit Credit Balance
Apr 15 SJ 30,000 30,000
20 CRJ 30,000 -
22 SJ 9,500 9,500

Dona Aurora
Date Folio Debit Credit Balance
Apr 20 SJ 25,000 25,000
31 SJ 27,000 52,000

Daisy
Date Folio Debit Credit Balance
Apr 21 SJ 35,000 35,000
23 SJ 8,900 43,900
31 CRJ 35,000 8,900
31 SJ 7,000 15,900
 GENERAL LEDGER

Cash No. 11 Sales No. 51

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 31 CRJ 631,050 631,050 Apr 31 SJ 173,900 173,900
31 CPJ 195,940 435,110 31 CRJ 52,000 225,900

Accounts Receivable No.12 Sales Returns & Allowances No,52

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 31 SJ 173,900 173,900 Apr 7 GJ 1,500 1,500
31 CRJ 80,000 93,900
7 GJ 1,500 92,400

Office Supplies No. 15 Sales Discounts No. 53

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 31 CPJ 12,500 12,500 Apr 7 CRJ 950 950

Store Supplies No. 16 Purchases No.61

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 7 PJ 119,000 119,000
31 CPJ 30,000 149,000

Prepaid Insurance NO. 17 Purchase Returns & Allowances No. 62

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 7 CPJ 12,000 12,000
### Apr 4 GJ 2,000 2,000

Store Furniture No. 20 Purchase Discounts No. 63

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 31 CPJ 560 560

Store Equipt No. 21 Salaries Expense No. 71

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 7 CPJ 71,000 71,000 Apr 31 CPJ 30,000 30,000

Office Equipt No.22 Taxes and Licenses No. 72

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 7 PJ 50,000 50,000 Apr 31 CPJ 5,000 5,000

Accounts Payable No.31 Rent Expense No. 73

Date Items Folio Debit Credit Balance Date Items Folio Debit Credit Balance
Apr 31 PJ 169,000 169,000 Apr 31 CPJ 8,000 8,000
4 GJ 2,000 167,000
31 CPJ 28,000 139,000