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I have to do this Date (May) Particulars 1 The landlord was paid $1500 as rent. 3 The inventory was purchased on credit from Ron
I have to do this
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
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