ACC407 FUNDAMENTAL FINANCIALACCOUNTING & REPORTING

Journal Entries:

Based on above Journal Entries, prepare

1. Specialized journals (Cash Receipt Journal, Cash Payment Journal, Sales Journal, Purchase Journal, Return outward Journal, Return Inward Journal)

\begin{tabular}{|l|l|l|l|} \hline Jan 18 & Drawing & 200 & \\ \hline & Purchases & & 200 \\ \hline Jan 19 & Drawings & 200 & \\ \hline & Cash & & 200 \\ \hline Jan 21 & Account Payable - Ali & 12,200 & \\ \hline & Cash & & 12,200 \\ \hline Jan 23 & Account Payable - Rita & 10,000 & \\ \hline & Cash & & 10,000 \\ \hline Jan 24 & Cash & 5,000 & \\ \hline & Account Receivables - Noraliza Trading & & 5,000 \\ \hline Jan 25 & Cash & 2,000 & \\ \hline & Account Receivables - Afeeqa & & 2,000 \\ \hline Jan 26 & Rent Expenses & 1,600 & \\ \hline & Cash & & 1,600 \\ \hline Jan 28 & Cash & 600 & \\ \hline & Commission Received & & 600 \\ \hline \end{tabular}