ECD16F74-C710-41E1-ACE7-B0E55A5F4CC0

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Preeta · Accepted Answer

Journal netries
			Sam's Town Company
			Journal Entries
			For the year 2020
				Date	Particulars	Amount (Dr)	Amount (Cr)
					Cash A/C	40,000
					     To Accounts Receivables A/C		40,000
					(Being Accounts receivables received)
					Accounts Payables A/C	92,000
					     To Cash A/C		92,000
					(Being Accounts payables paid)
					Purchase A/C	125,000
					     To Cash A/C		25,000
					     To Accounts Payables A/C		100,000
					(Being purchase made)
					Cash A/C	180,000
					Accounts Receivables A/C	120,000
					     To Sales A/C		300,000
					(Being sales made)
					Wages A/C	40,000
					     To Cash A/C		40,000
					(Being wages paid)
					Wages A/C	2,000
					    To Wages Payable A/C		2,000
					(Being wages payable)
					Utilities A/C	12,000
					     To Cash A/C		12,000
					(Being utilities paid)
					Advertisement A/C	10,000
					     To Cash A/C		10,000
					(Being advertisement costs paid)
				30/Jun/20	Notes payable A/C	5,000
					Interest A/C	5,000	10,000
					    To Cash A/C
					(Being amount paid for notes payable)
				1/Aug/20	Equipments A/C	20,000
					  To Cash A/C		20,

ECD16F74-C710-41E1-ACE7-B0E55A5F4CC0

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