Below are the business transactions of ABC Trading Company. Help them to write these transactions on the correct speacial journal.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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

Special Journal
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
Transcribed Image Text:Special Journal 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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