Record the July 2020 entries for each transaction in the proper journal.

July 1 Paid months rent, Check no #330 $850.00

3 Sold Merchandise on account (Canon) Invoice #129 $750.00

4 Purchased merchandise on account (Vivitar) Invoice #84 $910.00

7 Invested additional cash in business $1200.00

8 Withdrew for personal use, Check no #331 $400.00

11 Paid Vivitar on account, Check no #332 $750.00

12 Sold Merchandise on account (Nikon) Invoice 130 $900.00

14 Bi-weekly cash sales $730.00

15 Paid employees salary, Check no #333 $825.00

17 Received cash from Canon (on account) $600.00

20 Purchased merchandise on account (Sun) Invoice #85 $730.00

22 Purchased merchandise on account (Vivitar) Invoice #86 $680.00

25 Withdrew for personal use, Check no #334 $900.00

27 Paid Sun on account, Check no #335 $600.00

28 Bi-weekly cash sales $850.00

29 Received cash from Nikon (on account) $550.00

30 Paid employees salary, Check no #336 $825.00

1. Total, balance, and rule all special journals.
2. Post the column totals as indicated in the headings of each special column (all journals) and then the individual entries from the cash disbursements and cash receipts journals. to the General Ledger.
3. Post individual amounts to the subsidiary ledgers.
4. Prepare a schedule of Accounts Payable and Accounts Receivable for the Owner, John Davis on July 31, 2020. (Blank schedules on Page 12)

Purchases Journal Page 4

Date		Account Credited		Invoice #	PR	Purchases Dr Acct. Pay. Cr

Sales Journal Page 2

Date		Account Debited		Invoice #	PR	Acct. Rec. Dr Sales Cr