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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).

FINANCIAL ACCOUNTING
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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Post all journal entries into general ledger ( in columnar form )

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: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
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).
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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