Soda Pop Company

Journal

Date Accounts Debit Credit

Inventory 4.50
Cash 4.50

Account Receivable 18.90

Sales Revenue 18.90

COGS 3.90
Inventory 3.90

Cash 18.70
Account Receivable 18.70

Bridget Krumb, Inc

Journal

Date Accounts Debit Credit

Inventory 125,000
Account Payable 125,000

Account Receivable 190,000

Sales Revenue 190,000

COGS 100,000
Inventory 100,000

Cash 47,500
Account Receivable 47,500