P5-1B

Jeremy's Book Warehouse General Journal

Date Account title Ref Debit Credit
1-Jun Inventory 120 1600
Account payable 201 1600
1-Jun Inventory 120 50
Cash 101 50
3-Jun Account receivable 112 2500
Sales revenue 401 2500
3-Jun Cost of goods sold 505 1440
Inventory 120 1440
6-Jun Account payable 201 100
Inventory 120 100
9-Jun Account payable 201 1500
Inventory 120 30
Cash 101 1470
15-Jun Cash 101 2500
Account receivable 112 2500
17-Jun Account receivable 112 1800
Sales revenue 401 1800
17-Jun Cost of goods sold 505 1080
Inventory 120 1080
20-Jun Inventory 120 1500
Account payable 201 1500
20-Jun Inventory 120 50
Cash 101 50
24-Jun Account receivable 112 1800
Cash 101 1800
26-Jun Account payable 201 1500
Inventory 120 30
Cash 101 1470
28-Jun Account receivable 112 1400
Sales revenue 401 1400
28-Jun Cost of goods sold 505 850
Inventory 120 850
30-Jun Sales Returns and Allowances 412 120
Account receivable 112 120
30-Jun Inventory 120 72
Cost of goods sold 505 72