Date Summary of Transactions Special Journal

5-Oct Sold to Red Ford on credit. Sales Journal

6-Oct Paid shipping cost. Cash Disbursement Journal
10-Oct Sold inventory for cash. Cash Receipts Journal
12-Oct Purchased inventory on credit. Purchases Journnal
15-Oct Received payments from Red Ford. Cash Receipts Journal
16-Oct Returned damaged merchandise to supplier. General Journal
20-Oct Paid utility bill. Cash Disbursement Journal
25-Oct Paid for October 12 purchase. Cash Disbursement Journal
30-Oct Sold to Benny Blue on credit. Sales Journal
Date Account Debit
16-Oct Accounts Payable 2,500
Merchandise Inventory
Credit

2,500
Sales Journal
Debit Accounts Receivable
Date Customer Credit Sales
5-Oct Red Ford 5,000
30-Oct Benny Blue 7,000
Totals 12,000

Purchase Journal
Debit Merchandise Inventory
Date Vendor Credit Accounts Payable
12-Oct Grass Hopper 10,000
Totals 10,000

Cash Receipts Journal

Date Account Debit Cash

10-Oct Unknown 1,500
15-Oct Unknown 4,950
Totals 6,450

Cash Disbursement Journal

Date Account Debit Accounts Payable
6-Oct Merchandise Inventory
20-Oct Utilities Expense
25-Oct Grass Hopper 7,500
Totals 7,500
Debit Cost of Goods Sold
Credit Inventory
3,000
5,000
8,000

Debit Sales Discount Credit Accounts Receivable Credit Sales

1,500
50 5,000
50 5,000 1,500

Debit Others Credit Merchandise Inventory Credit Cash

200 200
300 300
150 7,350
300 150 7,650
Debit Cost of Goods Sold
Credit Inventory
1,000

1,000