uithorn
Sep 7, 2008, 08:25 PM
Hi,
Please could you help me journalize this "I will tell you what i did and correct me if I am wrong".
*Check#80 in the amount of $342 was issued to people CO. for payment of April invoice
(keys were purchased in April for resale)
A/P - People CO 342 Dr
Cash 342 Cr
Payment on account
*Check#81 is issued in the amount of $31 to paper frame for office supplies, bought while at the store
A/P - Paper frame 31Dr
Office supplies 31Cr
Bought supplies
*Weekly cash register summary received showing
Total sales for week: $4853
Sales Tax: $147
Cash received: $5000
Cash 5000Dr
Sales 4853Cr
Sales Tax Payable 147
*Check#83 in the amount of $85 was issued to paper frame. For payment of April invoice
(in April, the office supplies were bought on account)
A/P - Paper frame 85Dr
Cash 85Cr
Payment on Invoice
*The owner purchased $420 worth of keys from people Co. on account the keys will be resold. Invoice #421 was issued to the owner by people Co.
Purchase 420Dr
A/P - People Co 420Cr
Resale items
*Check #84 in the amount of $2000 was issued to payroll account to cover the bimonthly salaries.
Salary expenses 2000Dr
Cash 2000Cr
Payroll account
*Check #85 was issued to the owner $125 as a personal Draw on the drawing account.
Owner drawing 125Dr
Cash 125Cr
Cash Drawing
*Owner purchased $1000 worth of locks for resale from smith locks and put amount on his account. Invoice 384 was issued to owner.
Purchase 1000Dr
A/P - smith locks 1000Cr
Resale items
Please could you help me journalize this "I will tell you what i did and correct me if I am wrong".
*Check#80 in the amount of $342 was issued to people CO. for payment of April invoice
(keys were purchased in April for resale)
A/P - People CO 342 Dr
Cash 342 Cr
Payment on account
*Check#81 is issued in the amount of $31 to paper frame for office supplies, bought while at the store
A/P - Paper frame 31Dr
Office supplies 31Cr
Bought supplies
*Weekly cash register summary received showing
Total sales for week: $4853
Sales Tax: $147
Cash received: $5000
Cash 5000Dr
Sales 4853Cr
Sales Tax Payable 147
*Check#83 in the amount of $85 was issued to paper frame. For payment of April invoice
(in April, the office supplies were bought on account)
A/P - Paper frame 85Dr
Cash 85Cr
Payment on Invoice
*The owner purchased $420 worth of keys from people Co. on account the keys will be resold. Invoice #421 was issued to the owner by people Co.
Purchase 420Dr
A/P - People Co 420Cr
Resale items
*Check #84 in the amount of $2000 was issued to payroll account to cover the bimonthly salaries.
Salary expenses 2000Dr
Cash 2000Cr
Payroll account
*Check #85 was issued to the owner $125 as a personal Draw on the drawing account.
Owner drawing 125Dr
Cash 125Cr
Cash Drawing
*Owner purchased $1000 worth of locks for resale from smith locks and put amount on his account. Invoice 384 was issued to owner.
Purchase 1000Dr
A/P - smith locks 1000Cr
Resale items