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    Format Special Journal

    Uploaded by

    Samira Alhashimi
    This document contains sample journal entries for various transactions for two companies, Gomes Company and R. Santiago Co. For Gomes, it shows the sales journal to record sales on account and cost of goods sold, and a purchase journal to record inventory purchases on account. For R. Santiago, it shows a cash receipt journal to record cash received from customers, sales discounts, and inventory sold, and a cash payment journal to record payments to suppliers and purchases of inventory.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Format Special Journal

    Uploaded by

    Samira Alhashimi
    135 views2 pages
    This document contains sample journal entries for various transactions for two companies, Gomes Company and R. Santiago Co. For Gomes, it shows the sales journal to record sales on account and cost of goods sold, and a purchase journal to record inventory purchases on account. For R. Santiago, it shows a cash receipt journal to record cash received from customers, sales discounts, and inventory sold, and a cash payment journal to record payments to suppliers and purchases of inventory.

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    This document contains sample journal entries for various transactions for two companies, Gomes Company and R. Santiago Co. For Gomes, it shows the sales journal to record sales on account and cost of goods sold, and a purchase journal to record inventory purchases on account. For R. Santiago, it shows a cash receipt journal to record cash received from customers, sales discounts, and inventory sold, and a cash payment journal to record payments to suppliers and purchases of inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    135 views2 pages

    Format Special Journal

    Uploaded by

    Samira Alhashimi
    This document contains sample journal entries for various transactions for two companies, Gomes Company and R. Santiago Co. For Gomes, it shows the sales journal to record sales on account and cost of goods sold, and a purchase journal to record inventory purchases on account. For R. Santiago, it shows a cash receipt journal to record cash received from customers, sales discounts, and inventory sold, and a cash payment journal to record payments to suppliers and purchases of inventory.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    QUESTION E7-6

    GOMES COMPANY
    SALES JOURNAL
    Date Accounts Debited Invoice No. Accounts Receivable (Dr) Costs of goods sold (Dr)
    Sales Revenue (Cr) Inventory (Cr)

    GOMES COMPANY
    PURCHASE JOURNAL
    Inventory (Dr)
    Date Accounts Credited Terms
    Accounts payable (Cr)

    1
    QUESTION E7-7

    R. SANTIAGO Co.
    CASH RECEIPT JOURNAL
    Date Accounts Cash Sales Accounts Sales Other Costs of goods
    Credited (Dr) Discount Receivable Revenue accounts sold (Dr)
    (Dr) (Cr) (Cr) (Cr) Inventory (Cr)

    R. SANTIAGO Co.
    CASH PAYMENT JOURNAL
    Date Check Accounts Debited Other Accounts Accounts payable Inventory Cash
    No. (Dr) (Dr) (Cr) (Cr)

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