Nama : Adifa Shofiya Zulfa

NIM : 20/454777/EK/22741

Prodi : Akuntansi

E5-19

Presented below is information related to Emilie Co.

1. On April 5, purchased merchandise from De Ravin Company for $19,000, terms 2/10, net/30,
FOB shipping point.
2. On April 6, paid freight costs of $800 on merchandise purchased from De Ravin.
3. On April 7, purchased equipment on account from Claire Littleton Mfg. Co. for $23,000.
4. On April 8, returned merchandise, which cost $4,000, to De Ravin Company.
5. On April 15, paid the amount due to De Ravin Company in full.

a. Prepare the journal entries to record these transactions on the books of Emilie Co. using a
periodic inventory system.
Boozer Company
General Journal
Date Account Titles Debit Credit
Journal Entries

April 5 Purchases 19,000

Accounts Payable 19,000
6 Freight in 800
Cash 800
7 Equipment 23,000
Accounts Payable 23,000
8 Accounts Payable 4,000
Purchase Return and 4,000
Allowances
15 Accounts Payable 15,000
Cash 14,700
Purchase Discounts 300
Total 61,800 61,800
b. Assume that Emilie Co. paid the balance due to De Ravin Company on May 4 instead of
April 15. Prepare the journal entry to record this payment.
Emilie Co.
General Journal
Date Account Titles Debit Credit
Journal Entries

April 5 Purchases 19,000

Accounts Payable 19,000
6 Freight in 800
Cash 800
7 Equipment 23,000
Accounts Payable 23,000
8 Accounts Payable 4,000
Purchase Return and 4,000
Allowances
May 4 Accounts Payable 15,000
Cash 15,000
Total 61,800 61,800
P5-1A
Journalize the transactions for the month of July for O’Quinn using a perpetual inventory system.

O’Quinn Co.
General Journal
Date Account Titles Ref Debit Credit
Journal Entries

July Inventory 120 1,800

1 Accounts Payable 201 1,800
3 Accounts Receivable 112 2,000
Sales Revenue 401 2,000
Cost of Goods Sold 505 1,200
Inventory 120 1,200
9 Accounts Payable 201 1,800
Cash 101 1,764
Inventory 120 36
12 Cash 101 1,980
Sales Discount 414 20
Accounts Receivable 112 2,000
17 Accounts Receivable 112 1,800
Sales Revenue 401 1,800
Cost of Goods Sold 505 1,080
Inventory 120 1,080
18 Inventory 120 1,900
Accounts Payable 201 1,900
Inventory 120 125
Cash 101 125
20 Accounts Payable 201 300
Inventory 120 300
21 Cash 101 1,782
Sales Discount 414 18
Accounts Receivable 112 1,800
22 Accounts Receivable 112 2,250
Sales Revenue 401 2,250
Cost of Goods Sold 505 1,350
Inventory 120 1,350
30 Accounts Payable 201 1,600
Cash 101 1,600
31 Sales Returns and 412 200
Allowances
Accounts Receivable 112 200
Inventory 120 120
Cost of Goods Sold 505 120
Totals 21,325 21,325