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    Journal Entries: Name: Johnmer G. Avelino

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    Johnmer Avelino
    This document contains journal entries for Johnmer G. Avelino from July 1-30. It records Pauline Capital's initial contribution of $100,000, the purchase of $7,000 of furniture with cash, the purchase of $2,000 of goods from Yoe retail store on credit, the sale of goods to DME Brothers for $12,000 cash, a $2,000 drawing by Pauline, payment of $500 to Yoe retail store, receipt of $10,000 payment from DME Brothers, and payment of $2,000 in salaries expense.

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    Journal Entries: Name: Johnmer G. Avelino

    Uploaded by

    Johnmer Avelino
    13 views2 pages
    This document contains journal entries for Johnmer G. Avelino from July 1-30. It records Pauline Capital's initial contribution of $100,000, the purchase of $7,000 of furniture with cash, the purchase of $2,000 of goods from Yoe retail store on credit, the sale of goods to DME Brothers for $12,000 cash, a $2,000 drawing by Pauline, payment of $500 to Yoe retail store, receipt of $10,000 payment from DME Brothers, and payment of $2,000 in salaries expense.

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    This document contains journal entries for Johnmer G. Avelino from July 1-30. It records Pauline Capital's initial contribution of $100,000, the purchase of $7,000 of furniture with cash, the purchase of $2,000 of goods from Yoe retail store on credit, the sale of goods to DME Brothers for $12,000 cash, a $2,000 drawing by Pauline, payment of $500 to Yoe retail store, receipt of $10,000 payment from DME Brothers, and payment of $2,000 in salaries expense.

    Copyright:

    © All Rights Reserved
    13 views2 pages

    Journal Entries: Name: Johnmer G. Avelino

    Uploaded by

    Johnmer Avelino
    This document contains journal entries for Johnmer G. Avelino from July 1-30. It records Pauline Capital's initial contribution of $100,000, the purchase of $7,000 of furniture with cash, the purchase of $2,000 of goods from Yoe retail store on credit, the sale of goods to DME Brothers for $12,000 cash, a $2,000 drawing by Pauline, payment of $500 to Yoe retail store, receipt of $10,000 payment from DME Brothers, and payment of $2,000 in salaries expense.

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    © All Rights Reserved
    of 2

    NAME: JOHNMER G.

    AVELINO

    JOURNAL ENTRIES
    Date Description PR Debit
    Jul-01 Cash 100000
    Pauline Capital
    To record Pauline initial Capital

    Jul-02 Furniture 7000


    Cash
    To record purchased furniture on cash

    Jul-08 Purchases 2000


    Cash
    To Record purchased goods from Yoe retail store

    Jul-14 Cash 12000


    Sales
    to record sold goods to DME Brothers

    Jul-18 Pauline Drawing 2000


    Cash
    To record Pauline Drawing

    Jul-22 Accounts Payable 500


    Cash
    To record payment for Yoe retail store

    Jul-26 Cash 10000


    Accounts Receivable
    To Record payment from DME Brothers

    Jul-30 Salaries Expense 2000


    Cash
    To Record Payment of Salaries
    Credit

    100000

    7000

    2000

    12000

    2000

    500

    10000

    2000

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