Sales Journal: Sales journal is prepared to record the on account or credit sales. The journal usually has following columns to record the transaction: • Date • Invoice Number • Customer account debited • Post. Ref. • Accounts Receivable Debit and Sales Revenue Credit • Cost of Goods sold Debit Merchandise Inventory Credit To prepare: The Sales journal to record the given sales transactions

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Chapter 7, Problem S7.4SE

To determine

Concept Introduction:

Sales Journal: Sales journal is prepared to record the on account or credit sales. The journal usually has following columns to record the transaction:

• Date

• Invoice Number

• Customer account debited

• Post. Ref.

• Accounts Receivable Debit and Sales Revenue Credit

• Cost of Goods sold Debit Merchandise Inventory Credit

To prepare: The Sales journal to record the given sales transactions

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