Below are the business transactions of ABC Trading Company. Help them to write these transactions on the correct speacial journal.
Below are the business transactions of ABC Trading Company. Help them to write these transactions on the correct speacial journal.
March 1 - received P1600 cash from Beauty Supply Corp
March 3 - Sold merchandise on account to Joshua Lin P5000 invoice No. 110
March 4 - Received P3500 from Micah Hernadez in full settlement of her account.
March 7 - Purchased merchandise for cash P2890
March 10 - Sold merchandise on account to MV&Co. P21,120, INVOICE nO. 210
March 13 - Purchased merchandise on account from SS & Co, invoice no. 310
March 16 - Cash sales for the first half of the month P10,750
March 23 - Purchased merchandise on account from Jack Trading for P3460, invoice no. 410
March 25 - Paid employees' salaries P11,550
March 27 - Paid rent for the month P10, 000
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Designed for recording specific types of transactions of a similar nature
JOURNAL
ABBREVIATIONS
SPECIFIC TRANSACTIONS
RECORDED
Sales Journal
SJ
Sales of merchandise on account
Service Journal
SJ
Services rendered to customer/
Cash Receipts Journal
CRJ
Receipts of Cash
Purchase Journal
PJ
Credit purchases of merchandise
MD
Cash Disbursement
CDJ
Payments of cash
TYON
Journal
ABARZ
Account Name:
Account No:
Date
Particulars
Ref
Debit
Credit
Balance
ODUSSAST"
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