GJ1

DATE DESCRIPTION DEBIT CREDIT

Jun-01 Cash 101 45,000
Daniel's Capital 301 45,000
To record initial investment

3 Purchases 502 29,500

Accounts Payable 201 29,500
To record purchase on account, terms 2/10, n/30

4 Office supplies 104 1,000

Cash 101 1,000
To record purchase of office supplies

6 Equipment 105 6,000

Cash 101 6,000
To record purchase of equipment

7 Accounts receivable 102 18,000

Sale 401 18,000
To record sale on account

8 Freight-out 506 1,000

Cash 101 1,000

10 Accounts payable 1,500

Purchase return and allowances 1,500
To record purchase returns

11 Cash 101 17,640

Sales discount 360
Accounts receivable 102 18,000
To record payment of sale on june-07

12 Accounts payable 201 28,000

Cash 101 27,440
Purchase discount 560
To record payment of purchase on june 03

14 Cash 101 20,000

Notes payable 202 20,000
To record borrowed money from Mr. Velasquez

16 Purchases 502 20,000

 Cash 101 20,000
To record merchandise bought

16 Salaries Expense 510 7,000

Cash 101 7,000
To record payment of salary

18 Cash 101 1,000

Purchase return and allowances 503 1,000
To record purchase return to zanzoe

22 Cash 101 24,000

Sales 401 24,000
To record sale

23 Purchases 502 10,000

Accounts payable 201 10,000
To record purchase on credit

24 Freight-in 505 100

Cash 101 100
To record freight-in

25 Accounts payable 201 5,000

Cash 101 5,000
To record purchase on account on june 23

28 Daniel's withdrawal 302 5,000

Cash 101 5,000
To record Mr. Daniel's withdrawal

29 Sales return and allowances 402 1,500

Cash 101 1,500
To record sales return to Mr. Ethan

29 Advertising expense 507 1,500

Electricity expense 509 500
Rent expense 508 5,000
Cash 7,000
To record ads, electricity and rent expense

30 Salary expense 510 7,000

Cash 101 7,000
To record salary expnse
30 Accounts receivable 102 3,600
Sale 401 3,600
Account Title: CASH Account number: 101 Account Title: ACCOUNTS
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-01 GJ1 45,000 45,000 Jun-07
Jun-04 GJ1 1,000 44,000 Jun-11
Jun-06 GJ1 6,000 38,000 Jun-30
Jun-08 GJ1 1,000 37,000
Jun-11 GJ1 17,640 54,640
Jun-12 GJ1 27,440 27,200
Jun-14 GJ1 20,000 47,200
Jun-16 GJ1 20,000 27,200
Jun-16 GJ1 7,000 20,200
Jun-18 GJ1 1,000 21,200
Jun-22 GJ1 24,000 45,200
Jun-24 GJ1 100 45,100
Jun-25 GJ1 5,000 40,100
Jun-28 GJ1 5,000 35,100
Jun-29 GJ1 1,500 33,600
Jun-29 GJ1 7,000 26,600
Jun-30 GJ1 7,000 19,600

Account Title: ACCOUNTS PAYABLE Account number: 201 Account Title: NOTES PAYA
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-03 GJ1 29,500 29,500 Jun-14
Jun-10 GJ1 1,500 28,000
Jun-12 GJ1 28,000 0
Jun-23 GJ1 10,000 10,000
Jun-25 GJ1 5,000 5,000

Account Title: MR. DANIEL'S CAPITALAccount number: 301 Account Title: MR. DANIEL
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-01 GJ1 45,000 45,000 Jun-28
Jun-30 5,000 50,000
Jun-30

Account Title: SALES Account number: 401 Account Title: SALES RETS
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-07 GJ1 18,000 18,000 Jun-29
Jun-22 GJ1 24,000 42,000 Jun-30
Jun-30 GJ1 3,600 45,600
Jun-30 45,600 0
Account Title: PURCHASES Account number: 502 Account Title: PURCH RET
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-03 GJ1 29,500 29,500 Jun-18
Jun-16 GJ1 20,000 49,500 Jun-30
Jun-23 GJ1 10,000 59,500
Jun-30 59,500 0

Account Title: ADS. EXPENSE Account number: 507 Account Title: RENT EXPEN
BALANCE
DATE ITEM PR DEBIT CREDIT DEBIT CREDIT DATE
Jun-29 GJ1 1,500 1,500 Jun-29
Jun-30 1,500 0 Jun-30
Account Title: ACCOUNTS RECEIVABLE Account number: 102 Account Title: SUPPLIES
BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT DATE ITEM PR
GJ1 18,000 18,000 Jun-04 GJ1
GJ1 18,000 0
GJ1 3,600 3,600

Account Title: NOTES PAYABLE Account number: 202

BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT
GJ1 20,000 20,000

Account Title: MR. DANIEL'S WITHDRAWALS

Account number: 302
BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT
GJ1 5,000 5,000

Account Title: SALES RETS AND ALLOW Account number: 402

BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT
GJ1 1,500 1,500
1,500 0
Account Title: PURCH RET AND ALLOW Account number: 503 Account Title: FREIGHT-IN
BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT DATE ITEM PR
GJ1 1,000 1,000 Jun-24 GJ1
1,000 0 Jun-30

Account Title: RENT EXPENSE Account number: 508 Account Title: ELECTRICITY EXPENSE
BALANCE
ITEM PR DEBIT CREDIT DEBIT CREDIT DATE ITEM PR
GJ1 5,000 5,000 Jun-29 GJ1
5,000 0 Jun-30
 Account number: 104 Account Title: EQUIPMENT Account number: 105
BALANCE
DEBIT CREDIT DEBIT CREDIT DATE ITEM PR DEBIT CREDIT
1,000 1,000 Jun-06 GJ1 6,000
 Account number: 505 Account Title: FREIGHT-OUT Account number: 506
BALANCE
DEBIT CREDIT DEBIT CREDIT DATE ITEM PR DEBIT CREDIT
100 100 Jun-08 GJ1 1,000
100 0 Jun-30 1,000

CTRICITY EXPENSE Account number: 509 Account Title: SALARIES EXPENSE Account number: 510
BALANCE
DEBIT CREDIT DEBIT CREDIT DATE ITEM PR DEBIT CREDIT
500 500 Jun-16 GJ1 7,000
500 0 Jun-30 GJ1 7,000
Jun-30 14,000
Account number: 105
BALANCE
DEBIT CREDIT
6,000
Account number: 506
BALANCE
DEBIT CREDIT
1,000
0

Account number: 510

BALANCE
DEBIT CREDIT
7,000
14,000
0