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Question: Transactions of Tagbilaran Hardware and Auto Supply for the month of July 20A follows: Journalize...​

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  Journal entries
  july 1 Purchases ( inventory) a/c dr 50,000
  To cash a/c 50,000
  to record purchase of merchandise.
  july 3 Accounts receivables - A a/c dr 6000
  To purchases return ( inventory) a/c 6000
  To record Purchases returns
  july 4 Purchases (inventory) a/c dr 20,000
  To Accounts payable - B a/c 20,000
  To record purchase of merchandise on account
  july 6 Accounts receivables - B a/c dr 2000
  To purchases return ( inventory) a/c 2000
  To record purchase returns
  July 8 Cash a/c dr 35,000
  To sales (inventory) 35,000
  To record sale of merchandise
  July 9 Sales returns (inventory) 2000
  To accounts payable - K Guimada trading 2000
  To record sales return of merchandise
  July 10 Accounts receivable - L.anana co a/c dr 20,000
  To sales (inventory) 20,000
  To record sale of merchandise on account
  July 11 Sales returns (inventory) 3000
  To accounts payable - L.Anana co 3000
  To record sales return of merchandise
  July 12 cash a/c 16,490
  Discount on sales 510
  To accounts receivable - L.Anana co 17000
  To record receipt of net sales
  july 13 Purchases (inventory) 30,000
  To cash 30,000
  To record of purchase of merchandise
  July 14 Accounts receivables - V.Orbesido Co a/c dr 2000
  To purchases return ( inventory) a/c 2000
  To record purchase returns
  July 15 Purchases (inventory) a/c Dr 35,000
  To accounts payable - D.javier enterprises a/c 35,000
  To record purchase of merchandise on account
  July 16 Accounts receivables - D.javier enterprises dr 2500
  To purchases return ( inventory) a/c 2500
  To record purchase returns
  July 17 Accounts Payable - D,Javier enterprises a/c Dr 32500
  To discount on purchases @10% 3250
  To cash a/c 29,250
  To record payment of purchases
  July 18 Cash a/c dr 3,00,000
  To owners equity(C.tabaranza) 3,00,000
  To record investment of cash by owner
  July 19 Drawings a/c dr 50,000
  To cash a/c 50,000
  To record cash wid\thdrawen by owner for personal use
  July 20 Salaries a/c Dr 20,000
  To cash a/c 20,000
  To record salaries ρáíd.
  Comment

 

[Jzaemoli]

Question: Transactions of Tagbilaran Hardware and Auto Supply for the month of July 20A follows: Journalize...​

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Show transcribed image text

Expert Answer​

• 
  View attachment 1732321
  Anonymousanswered this
  Was this answer helpful?
  
  
  
  0
  
  
  
  0
  85 answers
  Journal entries
  july 1 Purchases ( inventory) a/c dr 50,000
  To cash a/c 50,000
  to record purchase of merchandise.
  july 3 Accounts receivables - A a/c dr 6000
  To purchases return ( inventory) a/c 6000
  To record Purchases returns
  july 4 Purchases (inventory) a/c dr 20,000
  To Accounts payable - B a/c 20,000
  To record purchase of merchandise on account
  july 6 Accounts receivables - B a/c dr 2000
  To purchases return ( inventory) a/c 2000
  To record purchase returns
  July 8 Cash a/c dr 35,000
  To sales (inventory) 35,000
  To record sale of merchandise
  July 9 Sales returns (inventory) 2000
  To accounts payable - K Guimada trading 2000
  To record sales return of merchandise
  July 10 Accounts receivable - L.anana co a/c dr 20,000
  To sales (inventory) 20,000
  To record sale of merchandise on account
  July 11 Sales returns (inventory) 3000
  To accounts payable - L.Anana co 3000
  To record sales return of merchandise
  July 12 cash a/c 16,490
  Discount on sales 510
  To accounts receivable - L.Anana co 17000
  To record receipt of net sales
  july 13 Purchases (inventory) 30,000
  To cash 30,000
  To record of purchase of merchandise
  July 14 Accounts receivables - V.Orbesido Co a/c dr 2000
  To purchases return ( inventory) a/c 2000
  To record purchase returns
  July 15 Purchases (inventory) a/c Dr 35,000
  To accounts payable - D.javier enterprises a/c 35,000
  To record purchase of merchandise on account
  July 16 Accounts receivables - D.javier enterprises dr 2500
  To purchases return ( inventory) a/c 2500
  To record purchase returns
  July 17 Accounts Payable - D,Javier enterprises a/c Dr 32500
  To discount on purchases @10% 3250
  To cash a/c 29,250
  To record payment of purchases
  July 18 Cash a/c dr 3,00,000
  To owners equity(C.tabaranza) 3,00,000
  To record investment of cash by owner
  July 19 Drawings a/c dr 50,000
  To cash a/c 50,000
  To record cash wid\thdrawen by owner for personal use
  July 20 Salaries a/c Dr 20,000
  To cash a/c 20,000
  To record salaries ρáíd.
  Comment

Salamat boss