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Two accounting journals: a sales journal and a purchases journal. The sales journal records transactions related to sales made during march, including the invoice number, account debited (accounts receivable), and the amount of sales and cash received. The purchases journal records transactions related to purchases made during april, including the account payable, inventory account debited, and the amount paid. The documents also include information on discounts, cash sales, and notes payable.
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Sales Journal Date PR Mar. 2 B. Fager 5703 $450.00 $300. Mar. 7 J. Dryer 5704 $1,150.00 $800. Mar. 12 R. Land 5705 $320.00 $200. Mar. 25 Malone, Inc. 5706 $550.00 $350. Mar. 31 Totals $2,470.00 $1,650. (acct/acct) (acct/acct) Account Debited Invoice Number Accounts Receivable Dr. Sales CR. Cost of Goods Sold Dr. Inventory Cr.
Cash Receipts Journal Date Explanation PR Cash Dr. Nov. 9 Notes Payable Note to bank $2,750.00 $2,750. Nov. 13 J. Emling, Capital Cash contribution $4,000.00 $4,000. Nov. 18 Sales Cash Sale $230.00 $230.00 $130. Nov. 27 J. York Invoice 11/7 $882.00 $18.00 $900. Nov. 27 Totals $7,862.00 $18.00 $900.00 $230.00 $6,750.00 $130. Account Credited Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr.
Cash Disbursements Journal Date Payee Account Debited PR Apr. 9 210 Kidman Corp. Kidman Corp. $450.00 $450. Apr. 17 211 City Bank Note payable $1,500.00 $1,500. Apr. 29 212 LeBron LeBron $3,430.00 $70.00 $3,500. Apr. 30 213 B. Decker Salaries Expense $1,700.00 $1,700. Apr. 31 214 Scott, Inc. Scott, Inc. $2,750.00 $2,750. Apr. 31 Totals $9,830.00 $70.00 $3,650.00 $6,250. Ck. No. Cash Cr. Inventory Cr. Other Accounts Dr. Accounts Payable Dr.
