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Accounting

/in /by
Peyton Approved
General Journal Entries 
Sep-14
               
DateAccountsDebitCredit  
1-SepDividends    3,000.00  
      Cash     3,000.00
     
5-SepSalary and wages payable       420.00  
      Cash        420.00
    
7-SepMerchandise Inventory         60.00  
      Cash          60.00
                
8-SepCash    4,000.00              
             Accounts Receivable     4,000.00            
               
10-SepAccounts payable         45.00             
                 Cash          45.00            
               
11-SepBaking Supplies     7,000.00             
                Cash     7,000.00            
The baking supplies were purchased on account and not paid for on this date.  This will look like your entry for the purchase of baking supplies on July 1           
13-SepAccounts payable    5,000.00             
                 Cash     5,000.00            
               
15-SepSalary and wages expense       456.00             
       salary and wages payable        456.00            
               
15-SepRent expense    1,500.00             
          Cash     1,500.00            
               
15-SepCash (8 x $8.50)         68.00             
    Merchandise Sales Revenue          68.00            
               
 Cost of goods sold         48.00             
              Merchandise inventory          48.00            
               
20-SepSalary and wages payable       456.00             
      Cash        456.00
    
20-SepMerchandise Inventory       122.00  
      Cash        122.00
    
24-SepCash 1(8 x $8.50)       153.00  
    Merchandise Sales Revenue        153.00
    
 Cost of goods sold       109.80  
              Merchandise inventory        109.80
    
30-SepMerchandise inventory       151.25  
      Cash        151.25
    
30-SepSalary and wages expense       480.00  
       salary and wages payable        480.00
    
30-SepCash  19,000.00  
 Accounts receivable    6,000.00  
      Bakery Revenue   25,000.00
    
    
    
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