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  • Cp7-1 Principal Eccounting

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    Mutia Wardani
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    The document summarizes sales, cash receipts, purchases, cash payments, and general journal entries for a company in January 2017. Key transactions include: 1) Sales totaling $22,500 with $13,500 in cost of goods sold for the month. 2) Cash receipts of $83,780 reducing accounts receivable by $120 and recognizing $56,900 in sales revenue. 3) Purchases totaling $47,640 increasing inventory and accounts payable. 4) Cash payments of $64,000 reducing accounts payable and inventory.

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    The document summarizes sales, cash receipts, purchases, cash payments, and general journal entries for a company in January 2017. Key transactions include: 1) Sales totaling $22,500 with $13,500 in cost of goods sold for the month. 2) Cash receipts of $83,780 reducing accounts receivable by $120 and recognizing $56,900 in sales revenue. 3) Purchases totaling $47,640 increasing inventory and accounts payable. 4) Cash payments of $64,000 reducing accounts payable and inventory.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    56 views6 pages

    Cp7-1 Principal Eccounting

    Uploaded by

    Mutia Wardani
    The document summarizes sales, cash receipts, purchases, cash payments, and general journal entries for a company in January 2017. Key transactions include: 1) Sales totaling $22,500 with $13,500 in cost of goods sold for the month. 2) Cash receipts of $83,780 reducing accounts receivable by $120 and recognizing $56,900 in sales revenue. 3) Purchases totaling $47,640 increasing inventory and accounts payable. 4) Cash payments of $64,000 reducing accounts payable and inventory.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 6

    Sales Journal

    invoice accts. Receivable dr. cost of goods sold dr.


    date account debited ref.
    no. Sales revenue cr. Inventory cr.
    2017
    Jan-03 B. Corpas 510 3600 2160
    J. Revere 511 1800 1080
    Jan-11 r. Beltre 512 1600 960
    s. Mahay 513 900 540
    Jan-22 B. Corpas 514 2700 1620
    r. Beltre 515 2300 1380
    Jan-25 b. Santos 516 3500 2100
    J. Revere 517 6100 3660
    22500 13500
    35500
    cash receipt journal
    sales discounts accounts sales
    date account credited ref cash dr.
    dr receivable cr. revenue cr.
    2017
    Jan-07 s. Mahay 4000 4000
    b. Santos 2000 2000
    Jan-10 daily cash sales 15500 15500
    Jan-13 b. Corpas 3528 72 3600
    j. Revere 1470 30 1500
    Jan-20 daily cash sales 20100 20100
    Jan-21 notes payable 15000
    Jan-21 s. Mahay 882 18 900
    Jan-31 daily cash sales 21300 21300
    83780 120 12000 56900
    119530 79400

    31360
    purchases journal
    other hpp dr. inventory dr. Accts
    date acct credited terms ref.
    accounts cr. Inventory cr. payable cr.
    2017
    Jan-05 s. Gamel n/30 5000
    d. Posey n/30 2200
    9300 Jan-16 d. Saito 1 per 10, n/30 15000
    s. Meek 2 per 10, n/30 14200
    s. gamel n/30 1500
    12060 Jan-27 d. Saito 1 per 10, n/30 14500
    15000 d. Posey n/30 3200
    s. Gamel n/30 5400
    12780 61000
    15000 34140
    47640
    cash payments journal
    ck
    date acct debited ref. other accts dr. accts pay dr. inventory cr.
    no.
    2017
    Jan-08 inventory 235
    Jan-09 s. Meek 9000 180
    d. Saito 11000 110
    Jan-12 rent expense 1000
    Jan-15 owner's drawing 800
    Jan-17 supplies 400
    Jan-21 r. Moses 15000
    Jan-23 d. Saito 15000 150
    s. Meek 14000 280
    Jan-28 supplies 200
    Jan-31 sales salaries ex 4300
    office sal. Ex 3800
    10735 64000 720

    30855
    general journal

    cash cr. date acct titles ref. d c

    2017
    235 Jan-09 sales return and allowance 300
    8820 acct receiv-J.Revere 300
    10890 inventory 180
    1000 cogs 180
    800 Jan-18 acct pay-s.meek 200
    400 inventory 200
    15000 680 680
    14850
    13720
    200
    4300
    3800
    74015
    45515
    Jan-03 acct receiv.

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