General Journal- Record Inventory Sales

check for the amount due from Baboa Co. For grading purposes, use December 3t as the dafe for al transacions. General dournat linstructions JOUPWAL ACCOUNTING EQUATION PaGe 10 Instructions $31,500 for merchandise returned prior to Baboa Co, payng the onigina livoice. The coat of the merchandise returned is $10,070 check for the amount due thom Baboa Co. CHART OF ACCOUNTS shewcase Co. General Ledger Asters 110 Cash 121 Accounts Receivable-Baboa Co. 125 Noles Receivabie 130 leverdory 131 Estinated Returna imbentory nRVENuE 410 Sales 610 Rent Revenue ExpLNSE 601 Cout of Coods sold. 131 Exfimsted Retums invontory 140 Otice Supplies 141 Store Supples 142 Prepaid insurance 100 Land 192 Store Equipment 193 Accumulated Depreclationisiore Equipment 194 OFice Equipment 195 Acoumulated Depreciation-Office Equpment LABumes 210 Accounts Payable 218 Sales Tax Payobie 210 Customer Refunds Payable 220 Uneamed Ront 221 Notes Payoble EQurr 310 Common Stock 3ir Plotaned Eamings 312 Dividends Q4 Cont of Goods Sold 521 Delvery Expense 522 Advertising Expense 524 Depreciation Expenso-Store Equipment 525 Depreciation Expense-Oficen Equipment 531 Reot Expenso 533 Insurance Expense. 534 Store Supples Expense 535 Omco Supplies Expense. 536 Credir Cand Expenso 539 Miscellaneous Expense 710 Interest Exponae