DATE ACCOUNT TITLE P/R DEBIT CREDIT

MAY
1 Cash 101 39 000 1
Santurini, Capital 301 39 000 2
7
2 Equipment 105 10 000 13
Supplies 104 700 14
Cash 101 10 700 14
15
3 Merchandise Inventory 110 15 900 16
Accounts Payable 201 15 900 17
20
4 Accounts Receivable 102 15 200 23
Sales 601 15 200 26
27
4 Cost of Sales 407 12 200 28
Merchandise Inventory 110 12 200 29
30
6 Accounts payable 201 300
Merchandise Inventory 110 300
4
7 Freight - Out 604 200 14
Cash 101 200 30

13 Accounts payable 201 15 600

Merchandise Inventory 110 312 2
Cash 101 15 288

14 Cash 101 14 896 2

Sales Discount 603 304
Accounts Receivable 102 15200
3
14 Merchandise Inventory 110 14 400 4
Cash 101 14 400 6
13
15 Salary Expense 402 1 500 14
Cash 101 1 500 18
23
16 Cash 101 12 000 26
Notes Payable 202 12 000 30

17 Cash 101 500

Sales Return and Allowances 602 500 3
6
18 Merchandise Inventory 110 14 200 13
 Accounts payable 201 14 200 18
27
20 Freight - In 504 700
Cash 101 700
16
23 Cash 101 16 400
Sales 601 16 400
1
23 Cost of Sales 407 10 500
Merchandise Inventory 110 10 500
28
26 Merchandise Inventory 110 12 300
Cash 101 12 300
30
27 Accounts Payable 201 9 000
Cash 101 9 000
15
28 S. Withdrawal 302 2 008 30
Cash 101 2 008

29 Sales Return and Allowances 602 900 30

Cash 101 900

30 Accounts Receivable 102 13 700 30

Sales 601 13 700

30 Cost of Sales 407 11 000 4

Merchandise Inventory 110 11 000 23
30
30 Salary Expense 402 1 500
Utilities Expense 404 400
Rent Expense 401 3 500 20
Advertising Expense 403 1 000
Cash 6 400
4
23
30

17
29

14
7
 DEBIT CREDIT DEBIT CREDIT
101 CASH
Santurini, Capital 39 000 39 000
Equipment/Supplies 10 700 28 300
Freight - In 200 28100
Accounts payable 15 288 12812
Sales Discount/Accounts Receivable 14 896 27708
Merchandise Inventory 14 400 13308
Salary Expense 1 500 11808
Notes Payable 12 000 23808
Sales Return and Allowances 500 24308
Freight - In 700 23608
Sales 16 400 40008
Merchandise Inventory 12 300 27708
Accounts Payable 9 000 18708
S. Withdrawal 2 008 16700
Sales Return and Allowances 900 15800
EXPENSES 6 400 9400

102 ACCOUNTS RECEIVABLE

Sales 15 200 15 200
Sales Discount/Cash 15200 0
Sales 13 700 13 700

104 SUPPLIES
Cash 700 700

105 EQUIPMENT
cash 10 000 10 000

110 MERCHANDISE INVENTORY

Accounts Payable 15 900 15900
Cost of Sales 12 200 3700
Accounts Payable 300 3400
Accounts Payable 312 3088
Cash 14 400 17488
Accounts Payable 14 200 31688
Cost of Sales 10 500 21188
Cash 12 300 33488
Cost of Sales 11 000 22488

201 ACCOUNTS PAYABLE

Merchandise Inventory 15 900 15 900
Merchandise Inventory 300 15600
Merchandise Inventory/Cash 15 600 0
Merchandise Inventory 14 200 14200
Cash 9 000 5200

202 NOTES PAYABLE

Cash 12 000 12 000

301 S., CAPITAL

Cash 39 000 39 000

302 S. Withdrawal
Cash 2 008 2 008

401 Rent Expense

Cash 3 500 3 500

402 Salary Expense

Cash 1 500 1 500
Cash 1 500 3 000

403 Advertising Expense

Cash 1 000 1 000

404 Utilities Expense

Cash 400 400

407 Cost of Sales

Merchandise Inventory 12 200 12 200
Merchandise Inventory 10 500 22700
Merchandise Inventory 11 000 33700

504 Freight - In
Cash 700 700

601 SALES
Accounts Receivable 15 200 15 200
Cash 16 400 31600
Accounts Receivable 13 700 45300

602 Sales Return and Allowances

Cash 500 500
Cash 900 400

603 Sales Discount

Accounts Receivable 304 304
604 Freight - Out
Cash 200 200

101500 101500