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    Mohammad Mostafa Mostafa
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    The general journal document records transactions for an accounting period. It shows debits and credits to various accounts including Inventory, Accounts Payable, Accounts Receivable, Sales Revenue, Cost of Goods Sold, and Cash. Transactions include purchases and sales of inventory, payments to and from customers and vendors, and adjustments and closing entries at the end of the period.

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    The general journal document records transactions for an accounting period. It shows debits and credits to various accounts including Inventory, Accounts Payable, Accounts Receivable, Sales Revenue, Cost of Goods Sold, and Cash. Transactions include purchases and sales of inventory, payments to and from customers and vendors, and adjustments and closing entries at the end of the period.

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    © All Rights Reserved
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    26 views16 pages

    Chapter 5

    Uploaded by

    Mohammad Mostafa Mostafa
    The general journal document records transactions for an accounting period. It shows debits and credits to various accounts including Inventory, Accounts Payable, Accounts Receivable, Sales Revenue, Cost of Goods Sold, and Cash. Transactions include purchases and sales of inventory, payments to and from customers and vendors, and adjustments and closing entries at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    of 16

    General Journal

    Date Account Titles and Explanation Debit


    Inventory 1800
    1
    Accounts Payable
    Accounts Receivable 2000
    3
    Sales Revenue
    Cost of Goods Sold 1200
    3
    Inventory
    Accounts Payable 1800
    9 Inventory
    Cash
    Cash 1980
    Sales Discount 20
    12 Account Receivable

    Accounts Receivable 1800


    17
    Sales Revenue
    Cost of Goods Sold 1080
    17
    Inventory
    Inventory 1900
    18
    Accounts Payable
    inventory 125
    18
    cash
    account payable 300
    20
    inventory
    cash 1782
    21 discount 18
    Account Receivable
    Account Rec 2250
    22
    Sales Revenue

    Cost of Goods Sold 1350


    22
    Inventory

    Accounts Payable 1600


    30
    Cash

    Sales Returns and Allowances 200


    31
    Account Receivable

    Inventory 120
    31
    Cost of Goods Sold
    Date Account Titles and Explanation Debit
    General Journal (J2)
    Makke’s Cleaning Service
    Adjusting Entries
    Date Account Titles and Explanation Debit
    General Journal (J3)
    Makke’s Cleaning Service
    Closing Entries
    Date Account Titles and Explanation Debit
    Credit

    1800

    2000

    1200

    36
    1764

    2000

    1800

    1080

    1900

    125

    300

    1800
    2250

    1350

    1600

    200

    120
    Credit
    Credit
    Credit

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