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    Basic Accounting - Ballada Problem 11, 12

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    kogigi2205
    The document contains accounting journal entries recording transactions between June 16-24 for accounts receivable, sales, cash, accounts payable, purchases, and discounts. It shows a company collecting cash from sales, paying cash for purchases, and adjusting balances from discounts.

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    © All Rights Reserved
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    Basic Accounting - Ballada Problem 11, 12

    Uploaded by

    kogigi2205
    85 views2 pages
    The document contains accounting journal entries recording transactions between June 16-24 for accounts receivable, sales, cash, accounts payable, purchases, and discounts. It shows a company collecting cash from sales, paying cash for purchases, and adjusting balances from discounts.

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    basic accounting - ballada problem 11, 12

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    The document contains accounting journal entries recording transactions between June 16-24 for accounts receivable, sales, cash, accounts payable, purchases, and discounts. It shows a company collecting cash from sales, paying cash for purchases, and adjusting balances from discounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    85 views2 pages

    Basic Accounting - Ballada Problem 11, 12

    Uploaded by

    kogigi2205
    The document contains accounting journal entries recording transactions between June 16-24 for accounts receivable, sales, cash, accounts payable, purchases, and discounts. It shows a company collecting cash from sales, paying cash for purchases, and adjusting balances from discounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    c.

    1 Jun-16 Accounts Receivable 6,600


    Sales 6,000
    Cash 600

    Jun-24 Cash 6,480


    Sales Discount 120
    Accounts Receivable 6,600

    2 Jun-16 Purchases 6,000


    Transportation In 600
    Accounts Payable 6,600

    Jun-24 Accounts Payable 6,600


    Purchases Discount 120
    Cash 6,480
    d.
    1 Jun-16 Accounts Receivable 5,400
    Transportation Out 600
    Sales 6,000

    Jun-24 Cash 5,280


    Sales Discount 120
    Accounts Receivable 5,400

    2 Jun-17 Purchases 6,000


    Accounts Payable 5,400
    Cash 600

    Jun-24 Accounts Payable 5,400


    Purchases Discount 120
    Cash 5,280
    Date Particulars Debit Credit
    Jun-05 Purchases 360,000
    Accounts Payable 360,000

    Jun-06 Transportation In 5,000


    Cash 5,000

    Jun-07 Accounts Payable (June 2) 90,000


    Purchases Returns and Allowances 90,000

    Jun-11 Accounts Payable 510,000


    Purchases Discount 5,100
    Cash 504,900

    Jun-13 Accounts Receivable 630,000


    Sales 630,000

    Jun-22 Cash 623,700


    Sales Discount 6,300
    Accounts Receivable 630,000

    Jun-30 Accounts Payable (June 5) 360,000


    Purchases Discount 7,200
    Cash 352,800

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