NAME:

SECTION:

A. Record the following December transactions in the special journals.

Aling Pacing’s Store is on its 2nd month of operation.
Dec.1 Invested additional capital for the business, ₱50,000. (OR#101)
Dec.5 Purchased merchandise on account from Hope Trading – ₱150,000 on credit terms: 2/10, (n/30. (PO#111)
Dec.6 Purchased merchandise on account from Marc Trading – ₱80,000 on credit terms: 2/10, (n/30. (PO#112)
Dec.7 Returned merchandise to Marc Trading due to damage, ₱500.
Dec.10 Sold merchandise on account to Ella’s Store, ₱ 75,000. (SI.#121)
Dec.15 Paid Marc Trading in full. (CV#131)
Dec.20 Purchased furniture from Ben Store- ₱150,000 at 50% down payment and the balance on account. (CV#132)
Dec.29 Collected the Dec. 10 account in full. (OR#102)

CASH DISBURSEMENT JOURNAL

DATE CV # PAID TO PURCHASE DISCOUNT FURNITURE ACCOUNTS PAYABLE CASH
Cr Dr (Dr) Cr Cr

TOTA
L

CASH RECEIPTS JOURNAL

DATE OR # RECEIVED FROM CASH SALES CAPITAL
Dr Cr Cr

TOTA
L
 SALES JOURNAL
DATE SI # SOLD TO ACCOUNTS SALES
RECEIVABLE Cr
Dr

TOTA
L

PURCHASED JOURNAL
DATE SI # PURCHASED FROM PURCHASES ACCOUNTS PAYABLE
Dr Cr

TOTA
L

GENERAL JOURNAL
DATE EXPLAINATION/ PARTICULARS DEBIT CREDIT