Date Debit Credit Account Titles and Explanation Sales Returns and Allowances Jan. 9 300 Accounts Receivable 300 (Issued credit for merchandise returned.) Inventory Jan. 9 Cost of Goods Sold (Cost of merchandise returned.) Jan. 18 Accounts Payable 300 300 Inventory (Received credit for returned goods Jan. 21 0 > 17000 17000 Notes Payable (Payment of balance due.) Sales Journal s1 Cost of Good Sold Dr. Inventory Cr. Date Account Debited Invoice No. Account Receivable Dr. Sales Revenue Cr. Ref. Jan. 3 B. Corpas 510 3900 2340 Jan. 3 J. Revere 511 2000 1200 Jan. 11 R. Beltre 512 V 1200 720 > Jan. 11 S. Mahay 513 9001 540 > Jan. 22 B. Corpas 514 V 2700 1620 Jan. 22 R. Beltre 515 2100 1260 Jan. 25 B. Santos 516 4000 2400 Jan. 25 J. Revere 517 v 6300 3780 23100 13860 Purchases Journal P1 Date Account Credited Terms Ref. Inventory Dr. Accounts Payable Cr. Jan. 5 S. Gamel n/30 5000 Jan. 5 D. Posey n/30 2100 Jan. 16 D. Saito 1/10, n/30 16000 > Jan. 16 V S. Meek 2/10, n/30 14200 Jan. 16 S. Gamel n/30 1400 17000 17000 Notes Payable (Payment of balance due.) Sales Journal s1 Cost of Good Sold Dr. Inventory Cr. Date Account Debited Invoice No. Account Receivable Dr. Sales Revenue Cr. Ref. Jan. 3 B. Corpas 510 3900 2340 Jan. 3 J. Revere 511 2000 1200 Jan. 11 R. Beltre 512 V 1200 720 > Jan. 11 S. Mahay 513 9001 540 > Jan. 22 B. Corpas 514 V 2700 1620 Jan. 22 R. Beltre 515 2100 1260 Jan. 25 B. Santos 516 4000 2400 Jan. 25 J. Revere 517 v 6300 3780 23100 13860 Purchases Journal P1 Date Account Credited Terms Ref. Inventory Dr. Accounts Payable Cr. Jan. 5 S. Gamel n/30 5000 Jan. 5 D. Posey n/30 2100 Jan. 16 D. Saito 1/10, n/30 16000 > Jan. 16 V S. Meek 2/10, n/30 14200 Jan. 16 S. Gamel n/30 1400