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    Kevin Fernanda
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    The general journal entries record various cash transactions and inventory adjustments over the period of June 1-30. On June 1, petty cash was credited for $1 million. On June 12, cash was debited for $9.5 million in sales and credited for $66,000 in cash shortages. Finally, on June 30 various expense and inventory accounts were debited and cash was credited for $13.35 million in total sales for the period.

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    The general journal entries record various cash transactions and inventory adjustments over the period of June 1-30. On June 1, petty cash was credited for $1 million. On June 12, cash was debited for $9.5 million in sales and credited for $66,000 in cash shortages. Finally, on June 30 various expense and inventory accounts were debited and cash was credited for $13.35 million in total sales for the period.

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    89 views1 page

    PR 8-2B

    Uploaded by

    Kevin Fernanda
    The general journal entries record various cash transactions and inventory adjustments over the period of June 1-30. On June 1, petty cash was credited for $1 million. On June 12, cash was debited for $9.5 million in sales and credited for $66,000 in cash shortages. Finally, on June 30 various expense and inventory accounts were debited and cash was credited for $13.35 million in total sales for the period.

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    of 1

    GENERAL JOURNAL J-01

    Name Account Ref Debit Credit


    1-Jun Petty Cash 1,000,000
    Cash 1,000,000

    12-Jun-16 Cash 9,506,000


    Cash Short and Over 66,000
    Sales 9,440,000

    30-Jun-16 Store Supplies 375,000


    Merchandise Inventory 215,000
    Office Supplies 208,000
    Miscellaneous Administrative Expense 134,000
    Cash Short and Over 22,000
    Cash 954,000

    30-Jun-16 Cash 13,350,000


    Cash Short and Over 40,000
    Sales 13,390,000

    30-Jun-16 Petty Cash 200,000


    Cash 200,000

    25,050,000 25,050,000

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