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Sales Journal: Date Customer Invoice No. F Accounts Receivable Debit Cash Sales Debit Sales Credit

This document contains sales and accounting journal entries from May 12-31. It records three cash sales totaling $73,250 to customers Mr. Bello, Bessie's Appliance Store, and Music Museum. It also includes a $220,000 cash purchase from Concepcion Industries on May 5. The general ledger shows accounts receivable of $73,250 and sales of $73,250 as of May 31. A general journal entry on May 3 records the initial investment and assets of the business.

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Marlou Danieles
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56 views2 pages

Sales Journal: Date Customer Invoice No. F Accounts Receivable Debit Cash Sales Debit Sales Credit

This document contains sales and accounting journal entries from May 12-31. It records three cash sales totaling $73,250 to customers Mr. Bello, Bessie's Appliance Store, and Music Museum. It also includes a $220,000 cash purchase from Concepcion Industries on May 5. The general ledger shows accounts receivable of $73,250 and sales of $73,250 as of May 31. A general journal entry on May 3 records the initial investment and assets of the business.

Uploaded by

Marlou Danieles
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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SALES JOURNAL

Cash Sales
Date Customer Invoice No. F Accounts Receivable Debit Sales Credit
Debit
12-May Mr. Bello 001 8,250 8,250
Bessie's
15-May Appliance 002 50,000 50,000
Stoore
Music
25-May 003 15,000 15,000
Museum
₱ 73,250.00 ₱ 73,250.00

SUBSIDIARY LEDGERS

Name : MR. BELLO


Address :
Term : 1/10, n/30
Date Explanation F Debit Credit Balance
12-May Invoice 001 SJ1 8,250.00 8,250.00

Name : BESSIE'S APPLIANCE STORE


Address :
Term : 1/15, n/30
Date Explanation F Debit Credit Balance
15-May Invoice 002 SJ2 50,000.00 50,000.00

Name : MUSIC MUSEUM


Address :
Term : 1/10, n/30
Date Explanation F Debit Credit Balance
25-May Invoice 003 SJ3 15,000.00 15,000.00

GENERAL LEDGER

Accounts Receivable Acct No. 102


Date Explanation F Debit Credit Balance
May-31 SJ10 73250 73250

Sales Acct No. 401


Date Explanation F Debit Credit Balance
May-31 SJ10 73250 73250
CASH SALES

SALES JOURNAL
Date Customer's Name Invoice No. F Amount
12-May Mr. Bello 001 8,250

15-May 002 50,000


Bessie's Appliance Store
25-May Music Museum 003 15,000
₱ 73,250.00

PURCHASES JOURNAL

Accounts
Cash Purchases
Date Purchased From Inv. Purchases Debit F Payable
Credit
Credit

Concepcion
May-05 17 220,000.00 220,000.00
industries

₱ 220,000.00 ₱ 220,000.00

GENERAL JOURNAL

Date Particulars F Debit Credit


3-May Merchandise 1,380,000
Furnitures and Fixtures 550,000
Equipment 750,000
Accounts Payable 250,000
Flores, Capital 2,430,000

To record non-cash investment and payable

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