Special Journals

Owner invested cash (personal check) in his/her business.

• General Journal

• Cash Receipts Journal

• Sales Journal

• No Journal Required

Purchased office furniture with a check.

• General Journal

• Purhcases Journal

• Cash Payments Journal

• No Journal Needed

Sold products for cash.

• General Journal

• Sales Journal

• Cash Receipts Journal

• No Journal Needed

Purchased products to resell on 30 day open account (credit).

• Purchases Journal

• No Journal Required

• Sales Journal

• General Journal

Sold products for cash.

• Cash Receipts Journal

• Cash Payments Journal

• Special Journal

• Purchases Journal

Sold products to a customer on account - 10 day payment terms.

• Cash Receipts Journal

• Cash Payments Journal

• Sales Journal

• Purchases Journal

Received an invoice with 30 day terms from a supplier for advertising

• Purchases Journal

• General Journal

• Sales Journal

• No Journal Needed

Check written to owner for personal living expenses.

• General Journal

• Cash Payments Journal

• Purchases & Allowances Journal

• Sales Journal

Check written to pay rent not already recorded as a liability.

• Cash Payments Journal

• General Journal

• Payroll Journal

• Purchases Journal

Recorded and deposited check for money borrowed from the bank (formal note).

• General Journal

• Sales Journal

• Cash Receipts Journal

• Payroll Journal