Marichu Sta, Ana Novelties

General Journal
For the month of December 2019
Date Particulars P.R.
December 7 Accounts Receivable
2019 Sales
To record sale of merchandise on credit

8 Purchases
Accounts Payable
To record purchases of merchandise on account, terms n/30
FOB shipping point

9 Transportation In
Cash
To record transportation In

10 Purchases
Transportation In
Accounts Payable
To record purchase of merchandise on account, terms n/30
freight prepaid, P600

13 Purchases
Accounts Receivable
To record purchases of office supplies on account

14 Accounts Receivable
Sales
To record sale of merchandise on credit

15 Accounts Payable
Purchases Returns and Allowances
To record return of damaged merchandise purchased on Dec. 8

17 Cash
Accounts Receivable
To record collection of payment on Dec. 7

18 Accounts Payable
Purchases Returns and Allowances
To record return of wrong items purchased on Dec. 13

19 Cash
Sale
To record sale of merchandise in cash
20 Accounts Payable
Cash
To record payment to Villanueva Importers for the purchase on Dec. 10

22 Accounts Payable
Cash
To record payment of balance to Jhucyl's Traders on Dec. 8 & 15

26 Sales Return and Allowances

Accounts Receivable
To record return on unsatisfactory merchandise
 Debit Credit
₱ 30,000.00
₱ 30,000.00

60,000.00
60,000.00

254.00
254.00

95,400.00
600.00
96,000.00

24,000.00
24,000.00

24,000.00
24,000.00

6,000.00
6,000.00

30,000.00
30,000.00

4,000.00
4,000.00

18,000.00
18,000.00
96,000.00
96,000.00

54,000.00
54,000.00

2,000.00
2,000.00