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    Rheno Lloyd Lalisan
    1. The document records various journal entries for Davis Capital's initial investments, purchases, sales, and other transactions for the month of August 2021. 2. Key transactions include an initial investment of $300, purchase of a service vehicle for $150, sale of merchandise with a downpayment and notes receivable of $110, and rendering of $400 in services with $210 in unearned revenue. 3. Debits and credits are recorded for accounts such as land, building, furniture, accounts payable, notes payable, sales, output tax, and more.

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    Untitled

    Uploaded by

    Rheno Lloyd Lalisan
    34 views8 pages
    1. The document records various journal entries for Davis Capital's initial investments, purchases, sales, and other transactions for the month of August 2021. 2. Key transactions include an initial investment of $300, purchase of a service vehicle for $150, sale of merchandise with a downpayment and notes receivable of $110, and rendering of $400 in services with $210 in unearned revenue. 3. Debits and credits are recorded for accounts such as land, building, furniture, accounts payable, notes payable, sales, output tax, and more.

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    1. The document records various journal entries for Davis Capital's initial investments, purchases, sales, and other transactions for the month of August 2021. 2. Key transactions include an initial investment of $300, purchase of a service vehicle for $150, sale of merchandise with a downpayment and notes receivable of $110, and rendering of $400 in services with $210 in unearned revenue. 3. Debits and credits are recorded for accounts such as land, building, furniture, accounts payable, notes payable, sales, output tax, and more.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    34 views8 pages

    Untitled

    Uploaded by

    Rheno Lloyd Lalisan
    1. The document records various journal entries for Davis Capital's initial investments, purchases, sales, and other transactions for the month of August 2021. 2. Key transactions include an initial investment of $300, purchase of a service vehicle for $150, sale of merchandise with a downpayment and notes receivable of $110, and rendering of $400 in services with $210 in unearned revenue. 3. Debits and credits are recorded for accounts such as land, building, furniture, accounts payable, notes payable, sales, output tax, and more.

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    © All Rights Reserved
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    You are on page 1of 8

    GENERAL JOURNAL

    DATE PARTICULARS PR
    2021

    1 August 1 Land 140


    2 Building 145
    3 Furniture and Fixture 135
    4 Davis, Capital 300
    5 Initial Investment of the Owner
    6
    7 4 Service Vehicle 150
    8 Notes Payable 205
    9 Purchase a service vehicle on account
    10
    16 10 Sales Return and Allowances 408
    17 Output Tax 215
    18 Account Receivable 105
    19 Returned Merchandise on credit memo
    20
    26 20 Notes Receivabele 110
    27 Sales 405
    28 Output Tax 215
    29 Sold Merchandise with downpayment and written notes
    30
    31 25 Unearned Service Revenue 210
    32 Service Revenue 400
    33 Rendered Services from August 10 transaction
    34
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    Page 1
    JOURNAL
    1 2

    DEBIT CREDIT

    8 5 0 0 0 0- 1
    1 1 2 5 0 0 0- 2
    4 5 0 0 0 0- 3
    2 4 2 5 0 0 0- 4
    5
    6
    8 7 6 0 0 0- 7
    8 7 6 0 0 0- 8
    9
    10
    5 1 4 8- 16
    7 0 2- 17
    5 8 5 0- 18
    19
    20
    5 2 2 6 0 - 26
    4 5 9 8 9 27
    6 2 7 1 28
    29
    30
    1 9 8 0 0 0- 31
    1 9 8 0 0 0- 32
    33
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    GENERAL JOURNA

    DATE
    2021

    1 August 1
    2
    3
    4
    5
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    7 3
    8
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    11
    12 4
    13
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    GENERAL JOURNAL
    1

    PARTICULARS PR DEBIT

    Land 140 8 5 0 0 0 0
    Building 145 1 1 2 5 0 0 0
    Furniture and Fixture 135 4 5 0 0 0 0
    Davis, Capital 300
    Initial Investment of the Owner

    Purchases 500 7 5 8 9 2 9
    Input Tax 127 9 1 0 7 1
    Accounts Payable 200
    Purchase Merchandise on Account

    Service Vehicle 150 8 7 6 0 0 0


    Notes Payable 205
    Purchase a service vehicle on account

    Account Receivable 105 4 2 5 9 5


    Sales 405
    Output Tax 215
    Sold Merchandise on Account

    Sales Return and Allowances 408 2 2 8 4


    Output Tax 215 3 1 1
    Account Receivable 105
    Returned Merchandise on credit memo

    Accounts Receivable 105 1 5 3 2 3 0


    Sales 405
    Output Tax 215
    Sold Merchandise on Account

    Notes Receivabele 110 4 1 8 8 0


    Sales 405
    Output Tax 215
    Sold Merchandise with downpayment and written notes

    Unearned Service Revenue 210 1 9 8 0 0 0


    Service Revenue 400
    Rendered Services from August 5 transaction
    Page 1

    CREDIT

    - 1
    - 2
    - 3
    2 4 2 5 0 0 0- 4
    5
    6
    - 7
    - 8
    8 5 0 0 0 0- 9
    10
    11
    - 12
    8 7 6 0 0 0- 13
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    - 16
    3 7 4 8 4- 17
    5 1 1 1- 18
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    - 22
    2 5 9 5- 23
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    - 26
    1 3 4 8 4 2- 27
    1 8 3 8 8- 28
    29
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    - 31
    3 5 6 0 9 32
    6 2 7 1 33
    34
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    - 36
    1 9 8 0 0 0- 37
    38
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