Professional Documents
Culture Documents
chap 5
chap 5
Total 7
Date
May 3 Merchandise inventory
5 Account Receivable-Baker
Merchandise inventory
Merchandise inventory
20000
Cash 20000
21000
Sales 21000
15000
Merchandise inventory 15000
2800
Account Receivable 2800
2000
cost of good sold 2000
600
Account Receivable 600
120
account receivable 120
560
Account Receivable 560
400
Cost of good sold 400
July Date Debit Credit
1 Merchandise inventory 6000
Account Payable-Boden 6000
2 Account Receivable 900
Sales 900
Cost of goods sold 900
Merchandise inventory 900
3 Merchandise inventory 125
Cash 125
8 Cash 1700
Sales 1700
Cost of goods sold 1300
Merchandise inventory 1300
9 Merchandise inventory 2200
Account Payable-Leight 2200
11 Account Payable-Leight 200
Merchandise inventory 200
12 Cash 882
Sale Discounts 18
Account Receivable 900
16 Account Payable-Boden 6000
Cash 5940
Merchandise inventory 60
19 Account Receivable-Art Co 1200
Sales 1200
Cost of goods sold 800
Merchandise inventory 800
21 Sale return and allowance 200
Account Receivable-Art Co 200
24 Account Payable- Light 2000
Cash 1960
Merchandise inventory 40
30 Cash 980
Sale Discounts 20
Accounts Receivable-Art Co 1000
31 Account Payable-Creek 7000
Sales 7000
Cost of goods sold 4800
Merchandise inventory 4800
Date
July 1 Merchandise inventory
Account Payable-Boden
2 Account Receivable
Sales
Cost of good sold
Merchandise inventory
3 Merchandise inventory
Cash
8 Cash
Sales
Cost of good sold
Merchandise inventory
9 Merchandise inventory
Account Payable-Leight
11 Account Payable-Leight
Merchandise inventory
12 Cash
Sales discount
Account Receivable
16 Account Payable-Boden
Cash
Merchandise inventory
19 Account Receivable-art
sales
Cost of good sold
Merchandise inventory
21 Sales of return and allowance
Account Receivable-art
24 Account Payable-Leight
Cash
Merchandise inventory
30 Cash
sale discount
Account Receivable-art
31
6000
6000
900
900
500
500
125
125
1700
1700
1300
1300
2200
2200
200
200
882
18
900
6000
5940
60
1200
1200
800
800
200
200
2200
2156
44
1176
24
1200