CASH PAYMENTS JOURNAL Account Debited Purchase Discount(Cr) RM Date Cash (Cr) RM Bank (Cr) RM 2020 January 12 Account Payable - 29,400 600 JING TRADING 17 Utilities Expense 500 18 Salaries Expense 5,500 20 Account Payable – 19,600 400 POP TRADING 31 Total 500 54,500 1,000 GENERAL JOURNAL Accounts Titles and Explanation Debit RM Credit RM Date 2020 January 2 Vehicle 75,000 Notes payable (Bought a vehicle from TOYOTA ) 14 Furniture Саpital ( Brought in furniture into business) 16 Sales returns and allowances Account Receivable - ABDUL (Customer returned goods ) 75,000 7,500 7,500 500 500 25 Account Payable - Lili Trading Purchase returns and allowances 900 900 Returned goods to seller ) QUESTION : 1) Post all journal entries into general ledger (in columnar form).
CASH PAYMENTS JOURNAL Account Debited Purchase Discount(Cr) RM Date Cash (Cr) RM Bank (Cr) RM 2020 January 12 Account Payable - 29,400 600 JING TRADING 17 Utilities Expense 500 18 Salaries Expense 5,500 20 Account Payable – 19,600 400 POP TRADING 31 Total 500 54,500 1,000 GENERAL JOURNAL Accounts Titles and Explanation Debit RM Credit RM Date 2020 January 2 Vehicle 75,000 Notes payable (Bought a vehicle from TOYOTA ) 14 Furniture Саpital ( Brought in furniture into business) 16 Sales returns and allowances Account Receivable - ABDUL (Customer returned goods ) 75,000 7,500 7,500 500 500 25 Account Payable - Lili Trading Purchase returns and allowances 900 900 Returned goods to seller ) QUESTION : 1) Post all journal entries into general ledger (in columnar form).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:SALES JOURNAL
Date
Accounts Debited
Terms
Accounts
Receivable (Dr)
Sales (Cr)
RM
2020
2/10 , n/30
2/10 , n/30
2/15 , n/30
2/10 , n/30
January 5
ALI TRADING
45,000
7 LIM TRADING
13 ABDUL
19 SYAF TRADING
31
25,000
7,500
35,000
Total
112,500
PURCHASE JOURNAL
Account Credited
Purchase (Dr)
Accounts Payable
(Cr)
RM
Date
Terms
2020
January 3
2/10 , n/30
2/10 , n/30
2/10 , n/30
2/15 , n/30
JING TRADING
30,000
11 POP TRADING
20,000
23 LILI TRADING
26 LOLO TRADING
31
15,000
25,000
Total
90,000
CASH RECEIPTS JOURNAL
Date
Account Credited
Cash
Bank
Sales Discount (Dr)
(Dr)
RM
(Dr)
RM
RM
2020
January 1
Сapital
200,000
10 Account Receivable – ALI
44,100
900
TRADING
12
Account Receivable - LIM
24,500
500
TRADING
28
Account Receivable –
34,300
700
SYAF TRADING
31
Total
302,900
2,100
Transcribed Image Text:CASH PAYMENTS JOURNAL
Date
Account Debited
Cash
Bank
Purchase
(Cr)
Discount(Cr)
(Cr)
RM
RM
RM
2020
January 12 Account Payable –
29,400
600
JING TRADING
17 Utilities Expense
18 Salaries Expense
500
5,500
Account Payable –
POP TRADING
20
19,600
400
31
Total
500
54,500
1,000
GENERAL JOURNAL
Date
Accounts Titles and Explanation
Debit
Credit
RM
RM
2020
January 2 Vehicle
75,000
Notes payable
(Bought a vehicle from TOYOTA )
14 Furniture
Capital
( Brought in furniture into business )
16 Sales returns and allowances
75,000
7,500
7,500
500
Account Receivable - ABDUL
500
(Customer returned goods )
Account Payable - Lili Trading
25
900
Purchase returns and allowances
900
Returned goods to seller )
QUESTION :
1) Post all journal entries into general ledger (in columnar form).
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