Special Journals

Eren Yeager invested P300,000 in cash and equipment worth P80,000 to begin his business.

• Cash receipts journal

• Cash payments journal

• General Journal

Purchased goods from Reiner worth P82,500. Term: Cash on delivery.

• Cash receipts journal

• Cash payments journal

Received a cash refund of P2,500 on goods returned to Reiner.

• General Journal

• Cash payments journal

• Cash receipts journal

Purchased goods from Zeke for P25,000 less 20% trade discount. Terms: 2/10, n/30.

• Purchases journal

• Cash payments journal

• General Journal

Sold merchandise to Bertolt P90,000. Terms:2/10, n/30.

• Sales journal

• Cash receipts journal

• General Journal

Bertolt returned P10,000 worth of goods due to wrong specifications.

• Sales journal

• Sales returns & allowances journal

• Cash receipts journal

• General Journal

Collected the account of Bertolt in full.

• Sales journal

• Cash receipts journal

• General Journal

Purchased an office equipment from Pieck P20,000. Terms: 2/10, n/30.

• Purchases journal

• General Journal

• Cash payments journal

Purchased goods from Armin for P25,000 less 20% trade discount. Balance, 20% down, balance, 2/10, n/30.

• Purchases journal

• Cash payments journal

• General Journal

Eren withdrew goods costing P5,000 but is priced to sell at P7,000.

• Purchases journal

• Sales journal

• General Journal

• Cash receipts journal