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ACCOUNTING INORMATION SYSTEM PREPARE JOURNAL ENTRIES routwear located InMarinitia. 12/0 VAT Is Included Inall sales, CfcuIt CEIL IS 2/ 10, I1 30 March 1 Sold

ACCOUNTING INORMATION SYSTEM

PREPARE JOURNAL ENTRIES

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routwear located InMarinitia. 12/0 VAT Is Included Inall sales, CfcuIt CEIL IS 2/ 10, I1 30 March 1 Sold goods on account to Fiona Plaza of Davao for P33,600, Invoice No. 71369. 2 P2,688 freight prepaid for Fiona Plaza shipment under the terms FOB Shipping Point. Official Receipt No. 3984. 5 Sold goods to Dragon Footwear. P17,360. Terms: cash. Official Receipt No. 54027. 8 Sold goods on account to Donkey, P58,800. FOB Destination. Invoice No. 71370. 9 Paid freight on the Donkey shipment to Cebu P1,400. Official Receipt No. 2641. 13 Fiona Plaza paid P15.000. Official Receipt No. 54028. 15 Sold goods to Puss in Boots Shoe Shop, on account, worth P14,000. Terms: cash. Invoice No. 71371. 18 Issued a credit memo to Donkey, P2,464. Credit Memo No. 1122 24 Puss in Boots Shoe Shop paid in full. Official Receipt No. 54029 28 Fiona Plaza paid its account in full. Official Receipt No. 54030 30 Donkey paid P15,000 and issued a 20-day, 12% note for the balance. Note: For your answers, insert a table with 4 columns - Column 1 for the date, Column for account title, Column 3 for debits, and Column 4 for credits. Adjust column sizes accordingly. Include a short explanation for each journal entry

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