Journal Entry Date Descripti Sept 3 Accounts Payle (Being equipment purchas No Entry Supplies Cash (Bring supplies purchased on credit) Inventory Accounts Payble (Being inventory purchased on credit No Feary Accounts Payble Retim Outward (Being damaged goods red) Accounts Receivable Sales Reven (Being goods sold on credit) Cost of Goods Sold Inventory (Being cost of goods sold and 10 Freight Outward Cab (Bring freight charges paid in cash) 17 Cal Accounts Receivable (Being cash received from the de 20 Accounts Payble Cash Disco Received (Being cash paid to creditors and received discount 21 Inventury Cast (Being cash paid for purchase of inventory) Debit Crede 3600 3600 67900 67900 5300 5200 21300 21300 14400 14400 380 21300 21300 67900 67221 6500 6500 22 Accounts Receivable 29600 Sales Revere (Being sales made on credi Cost of Goods Sold 21700 Inventory 21700 (Being cost of goods sold a 23 Freight Outward Cash 600 600 28 (Being cash paid for freight outward) Retum Seward Accounts Receivable (Being goods returned by customer) Inventory Cost of Goods Sold (Being cost of good old died a 830