Prepare a general ledger please! 1-Jun balance 65000 1-Jun Paid rent for June $2
ID: 2474936 • Letter: P
Question
Prepare a general ledger please!
1-Jun balance 65000
1-Jun Paid rent for June $2600
3-Jun Purchased Merchandise on account from ABC company for $6500 Terms 2/10, n/30, FOB shipping point. We were billed $65 for shipping which was added to invoice
4-Jun Returned $650 of the merchandise purchased on June 3 from ABC Company.
6-Jun Sold $6500 of Merchandise on account to EFG company, terms 2/20, n/30, FOB shipping point. The cost of merchandise sold was $3250 and we paid $130 for shipping which was billed and added to customers invoice.
7-June EFG company returned $1300 of the merchandise purchased on June 6. The cost of merchandise sold was $650
8-Jun Paid misc. Selling Expense of $325 and Misc. Administrative Expense of $65.
9-Jun Purchased on account of $195 of Store supplues
13-Jun Paid ABC Company for the purchase made on june 3rd, less the return of June 4th and less the discount
16-Jun Purchased store supplies for $65 cash
17-Jun Recieved cash from EFG Company for the sale of June 6th, less the return of June 7th, less the discount.
25-Jun Paid sales salaries expense of $390 and Office Salaries Expense of $455
30-Jun Owner withdrew $325
Check answer cash = $60,073
Explanation / Answer
General Leder of Cash Date Particulars Debit Credit 1-Jun Opening Balance 65000 1-Jun Rent Paid 2600 8-Jun Misc.Selling Expenses 325 8-Jun Misc.Admin Expenses 65 9-Jun Stores Supplies 195 13-Jun Paid to ABC Company 5619 16-Jun Stores Supplies 65 17-Jun Cash Received from EFG Company 5112 25-Jun Salaries Paid 390 25-Jun Office Salaries 455 30-Jun Owner Withdrawel 325 30-Jun Closing Cash Balance 60073 Total 70112 70112 0 General Leder of Purchases Date Particulars Debit Credit 3-Jun ABC Company 6565 4-Jun Purchase Return 650 13-Jun Discount Received 296 13-Jun Paid to ABC Company 5619 Total 6565 6565 General Leder of Sales Date Particulars Debit Credit 6-Jun Sold to EFG Company 6500 7-Jun Sales Return 1300 17-Jun Discount Paid 88 17-Jun Cash Received 5112 Total 6500 6500