Date $($May$)$

Particulars

$1$

The landlord was paid $$1500$ as rent.

$3$

The inventory was purchased on credit from Ron Co$.$ for $$1500$ with a $2\%$ discount, with invoice number $001.$

$4$

Customers paid $$1000$ in cash.

$6$

A cash loan of $$6000$ in cash was received from Aid Bank.

$8$

An advance payment of $$500$ was made for insurance.

$10$

Machinery was purchased on credit from Dream Equip Co$.$ for $$2500$ with a $5\%$ discount, with invoice number $280.$

$13$

Goods were sold on credit to Sam for $$1500$ with a $4\%$ discount, with invoice number $101.$

$15$

Goods were sold on credit to Lucky for $$1000$ with a $3\%$ discount, with invoice number $140.$

$16$

Damaged merchandise amounting to $$500$ was returned to Ron.

$16$

$$200$ in interest was received from a bank deposit.

$17$

Salaries totaling $$3000$ were paid to employees.

$18$

Advertising expenses amounting to $$1200$ were paid.

$19$

Office furniture was purchased on credit from Looking Good Pvt Ltd$.$ for $$1400$ on $10\%$ discount with invoice number $275.$

$19$

The employees' business travel expense of $$250$ was reimbursed.

$20$

Office supplies were purchased on credit from Rise Co & Sons. for $$600$ at a discount of $2\%,$ with invoice number $289$

$20$

Depreciation of machinery for the month was recorded as $$420.$

$21$

Goods were sold on credit for $$1100$ with a $7\%$ discount.

$22$

Payment of $$890$ with invoice number $146$ was made to Jane for the goods purchased.

$25$

A cash rental payment of $$400$ was received for a delivery van.

$26$

$$170$ was written off as bad debts from collectible accounts receivable.

$27$

A sale of $$1700$ was made on credit with invoice number $406.$

$28$

The stationery was purchased on credit from Fancy Stationery for $$220$ and received a discount of $5\%$ with invoice number $295.$

$30$

An accrued interest expense of $$70$ for a loan was adjusted and recorded.

$30$

A cash dividend of $$350$ was received from a stock investment.

$31$

An advance payment of $$500$ was made for property tax.

Submission Instructions

$1.$ Your submission should follow the template provided to prepare:

Purchase Journal

Sales Journal

Cash receipt Journal

Cash Journal

General Journal

$2.$ Explain the uses of special journal for accounting personnel. The length of your explanation should be between $150-250$ words. use the template below Purchase Journal of Happy Wish. Co for the Month of May Sales Journal of Happy Wish. Co for the Month of May

Date $($May$)$ Particular Purchase order # LF Amount $($$$)$ Date $($May$)$ Particular Invoice # LF Amount

Merchandise Inventory $($Dr$)$ Accounts payable $($Cr$)$ Accounts Receivable $($Dr$)$ Merchandise Inventory $($Cr$)$

Cash Receipt Journal of Happy Wish. Co for the Month of May Cash Disbursement Journal of Happy Wish. Co for the Month of May

Date $($May$)$ Particular Check # Ref LF Amount Date $($May$)$ Particular Check # Ref LF Amount

Debit $($$$)$ Credit $($$$)$

General Journal of Happy Wish. Co for the Month of May

Date $($May$)$ Particular Check # Ref LF Amount

Details $($$$)$