Name: Colour/Group:

Activity - General Journal

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A + E + D = L + CS + RE + R ###

P5-4A Adam Nichols, a former disc golf star, operates Adam’s

Discorama. At the beginning of the current season on April 1, the ledger
of Adam’s Discorama showed Cash $1,800, Inventory $2,500, and
Common Stock $4,300. The following transactions were completed during
April. Journalize the April transactions using a perpetual inventory
system.
Apr 05 Purchased golf discs, bags, and other inventory on account from
Rayford Co. $1,200, FOB shipping point, terms 2/10, n/60. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 05 ###
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Apr 07 Paid freight on the Rayford purchase $50.

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Date Account Titles and Explanation Ref. Debit Credit ###
Apr 07 ###
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Apr 09 Received credit from Rayford Co. for merchandise returned $100.
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Date Account Titles and Explanation Ref. Debit Credit ###
Apr 09 ###
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Apr 10 Sold merchandise on account for $900, terms n/30. The
merchandise sold had a cost of $540. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 10 ###
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Date Account Titles and Explanation Ref. Debit Credit ###
Apr 10 ###
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Apr 12 Purchased disc golf shirts and other accessories on account from
Galaxy Sportswear $670, terms 1/10, n/30. ###
Date Account Titles and Explanation Ref. Debit Credit ###
 Apr 12 ###
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Apr 14 Paid Rayford Co. in full, less discount. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 14 ###
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Apr 17 Received credit from Galaxy Sportswear for merchandise
returned $70. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 17 ###
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Apr 20 Made sales on account for $610, terms n/30. The cost of the
merchandise sold was $370. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 20 ###
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Date Account Titles and Explanation Ref. Debit Credit ###
Apr 20 ###
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Apr 21 Paid Galaxy Sportswear in full, less discount. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 21 ###
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Apr 27 Granted an allowance to customers for clothing that was flawed
$20. ###
Date Account Titles and Explanation Ref. Debit Credit ###
Apr 27 ###
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Apr 30 Received payments on account from customers $900.

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Date Account Titles and Explanation Ref. Debit Credit ###
Apr 31 ###
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END OF TEST ###