Journal Entries Remarks
Journal Entries Remarks
Journal Entries Remarks
EGA
Date Invoice No. Posting Debit Credit Total
Reference
Dec 19 12-05 Sales Journal 50,000 50,000
Xxxxxx 13-02 Sales Journal 140,000 190,000
Xxxxxx 13-02 Sales Journal 100,000 90,000
TAU
Date Invoice No. Posting Debit Credit Total
Reference
Dec 1 12-01 Sales Journal 30,000 30,000
RASA
Date Invoice No. Posting Debit Credit Total
Reference
Dec 15 12-04 Sales Journal 15,000 15,000
TOTAL 315,000
ABACA RETAILERS – BRANCH
Accounts Payable Subsidiary Ledger
December 31, 20x1
Total 200,000
Q1 Transactions ADJUSTMENTS
Beginnin Debit Credit Unadjusted Debit Credit Adjusted
g Trial Trial
balance Balance Balance
ASSETS LIABILITIES
Cash 565,000.00 Accounts Payable
200,000.00
Accounts Receivable 315,000.00 Accounts Payable
40,000.00
Inventory 30,000.00
Prepaid Insurance 4,000.00 TOTAL LIABILITIES
Property, Plant and Equipment 30,000.00
EQUITY
Common Stock
500,000.00
Retained Earnings
204,000.00