Matching Type

1. A. Special Journals
2. C. General Journal
3. G. General Ledger
4. B. Accounts Receivable Ledger
5. F. Controlling Account
6. L. Subsidiary Ledger
7. K. Sales Journal
8. E. Cash Receipts Journal
9. J. Purchases Journal
10. D. Cash Payments Journal

Matching Type
Special Purpose Journals

1. Cash Receipts Journal

2. Sales Journal
3. General Journal
4. Cash Receipts Journal
5. Cash Payments Journal
6. Purchases Journal
7. Cash Payments Journal
8. Pruchases Journal
9. Cash Payment Journal
10. Sales Journal
Problem #1
Recording and Posting Sales Transactions Using Special Journals

Olson Sala Company completed the following sales transactions during the month of June 2021.
All credit sales have terms of 3/10, n/30 and all invoices are dated as at the transaction date.

Jun-01 Olson Sala invested P52,000 of his funds in the business.

1 Sold merchandise on account to R. Bituin, P32,000. Invoice no. 377.
3 Sold merchandise on account to A. Perdales, P54,000. Invoice no. 378.
4 Sold P46,000 of merchandise for cash.
7 Received payment from R. Bituin less discounts.
9 Received payment from A. Perdales less discounts.
13 Sold merchandise to B. Ceballus on account, P62,000. Invoice no. 379.
15 Borrowed P30,000 from the Monte de Santa Cruz Bank by issuing a 10% note payable due in 3 months.
15 B. Ceballus returned P11,000 of merchandise from the June 13 sale.
16 Sold merchandise to A. Ramel on account, P17,000. Invoice no. 380.
21 Collected amount due from B. Ceballus less returns and discounts.
29 Received P6,000 from A. Ramel.
30 Sold goods on account to P. Maritimo, P34,000. Invoice no. 381.
 GENERAL JOURNAL
Date Particulars Pr
Jun-15 Sales Returns and Allowances 420
Accounts Receivable- B. Ceballus 120

GENERAL LEDGER

Sales returns and Allowances

6/30 GJ1 11,000

Accounts Receivable
due in 3 months. 6/30 GJ1 11

ACCOUNTS RECEIVABLE
SUBSIDIARY LEDGER

B. Ceballues
6/15 GJ1 11
AL JOURNAL Sales Journal
Debit Credit Date Invoice No. Account Debited Post. Ref.
11,000 Jun-01 377 R. Bituin /
11,000 3 378 A. Perdales /
13 379 B. Ceballus /
16 380 A. Ramel /
AL LEDGER 30 381 P. Maritimo /

s and Allowances

GENERAL LEDGER

Accounts Receivable (120)

s Receivable 6/30 S1 199,000
6/30 GJ1 11,000

ACCOUNTS RECEIVABLE
TS RECEIVABLE SUBSIDIARY LEDGER
ARY LEDGER
R. Bituin
eballues 6/1 S1 32,000
6/15 GJ1 11,000

B. Ceballus
6/13 S1 62,000

P. Maritimo
6/30 S1 34,000
ales Journal
Accounts Receivable Sales
32,000 32,000
54,000 54,000 Date O.R. No. Description
62,000 62,000 Jun-01 Investment
17,000 17,000 Jun-04 Sold Merchadise
34,000 34,000 Jun-07 R. Butuin
199,000 199,000 Jun-09 A. Perdales
(120) (410) Jun-15 Monte de Sta. Cruz Bank
Jun-21 B. Ceballus
NERAL LEDGER Jun-29 A. Ramel

Sales (410)
6/30 S1 199,000

Cash (110)
6/30 CR1 266,890
UNTS RECEIVABLE
IDIARY LEDGER

A. Pajares Sales Discounts (430)

6/3 S1 54,000 6/30 CR1 4,110

A. Ramel
6/16 S1 17,000
 Cash Receipts Journal
Debits Credits
Other Accou
Cash Sales Discount Accounts receivable Sales Accounts title
52,000 Sala, Capital
46,000 46,000
31,040 960 32,000
52,380 1,620 54,000
30,000 Notes Payable
49,470 1,530 51,000
6,000 6,000
266,890 4,110 143000 46,000
(110) (430) (120) (410)

GENERAL LEDGER
Cash (110) Accounts receivable (120)
6/30 CR1 143,000

ales Discounts (430) Sales (410)

6/30 CR1 46,000

ACCOUNTS RECEIVABLE
SUBSIDIARY LEDGER

R. Bituin A. Pajares
6/1 S1 32,000 6/7 CR1 32,000 6/3 CR1 54,000

B. Ceballus A. Ramel
6/13 S1 62,000 6/15 GJ1 11,000 6/16 S1 17,000
6/21 CR1 51,000

P. Maritimo
6/30 S1 34,000
 Olson Sala Company
edits Schedule of Accounts Receivable
Other Accounts June 30, 2021
PR Amount
310 52,000 A. Ramel 11,000
P. Mariano 34,000
Total 45,000

210 30,000

82,000
(310/210)

Notes Payable (210)

6/30 CR1 30,000

Sala, Capital (310)

6/30 CR1 52,000

A. Pajares
6/9 S1 54,000

A. Ramel
6/29 CR1 6,000