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C Martin-Journal

The document is a general journal for Coco Computer Store for the month of December 2015. It contains the following key information: 1) It records the initial capital investment of $600,000 on December 1. 2) It records the purchase of equipment for $90,000 and supplies for $10,000. 3) It records various sales, expenses, payments received and made throughout the month.

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Genuine Smile
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207 views2 pages

C Martin-Journal

The document is a general journal for Coco Computer Store for the month of December 2015. It contains the following key information: 1) It records the initial capital investment of $600,000 on December 1. 2) It records the purchase of equipment for $90,000 and supplies for $10,000. 3) It records various sales, expenses, payments received and made throughout the month.

Uploaded by

Genuine Smile
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Coco Computer Store

General Jornal 1
31-Dec-15

Date Account Title P/R Debit Credit


01-Dec Cash 101 P 600 000
C. Martin, Capital 301 P 600 000
to record invested cash

3 equipment 103 90 000


cash 101 54 000
Notes Payable 202 36 000
to record purchased equipment

3 supplies 104 10 000


cash 101 8 000
Account Payable 201 2 000
to record bought supplies

4 Prepaid Insurance 401 20 000


cash 101 20 000
to record paid insurance

5 Purchases 501 170 000


cash 101 17 000
Account Payable 201 153 000
to record sales on account

6 Purchases 501 165 000


Account Payable 201 165 000
to record purchased merchandise on account

7 Accounts Payable 201 15 000


Purchase Return and Allowances 502 15 000
to record returned defective products

8 Account Payable 201 4 000


Purchase Return and Allowances 502 4 000
to record returned defective merchandise

9 Account Payable 201 50 000


Cash 101 50 000
to record partial payment of the account

11 Account Payable 201 80 000


Cash 101 80 000
to record partial payment of the account

14 Notes Payable 202 5 000


Cash 101 5 000
to record partial payment

15 Salaries expense 402 12 000


Rent expense 403 2 500
Utility expense 404 3 100
Communication expense 405 1 800
cash 101 19 400
to record paid expenses
Coco Computer Store
General Jornal 2
31-Dec-15

Date Account Title P/R Debit Credit


17 Account Receivable 102 84 000
cash 101 56 000
Sales 601 140 000
to record sales

18 cash 101 50 000


Sales 601 50 000
to record sales on account

19 cash 101 15 000


Sales 601 15 000
to record sales on account

21 Sales Return and Allowances 602 5 000


Account Receivable 102 5 000
to record returned defective merchandise

22 Repair and maintenance 406 4 600


cash 101 4 600
to record paid expenses

23 Account Payable 201 44 000


Cash 101 44 000
to record paid account

24 C. Martin, Drawing 302 6 100


Cash 101 6 100
to record paid account

27 cash 101 10 000


Account Receivable 102 10 000
to record received payment

29 Account Receivable 102 75 000


cash 101 15 000
Sales 601 90 000
to record sales with partial payment

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