Special Journals Question?

How would I post this information to a general ledger?
General Ledger Account Opening Balances:
cash – $16,500.00
accounts receivable – $850.00
jacob walters, capital – $35,000.00
merchandise sales – $24,500.00
sales returns and allowances – $550.00
sales discounts – $0.00
transactions:
Mar 1 – jacob walters invested an additional $30,000 in the business.
Mar 3 – sold $900 worth of product to Jennifer Rose. Terms are 2/10, n/30. Sales invoice 210.
Mar 10 – Sold 5 pairs of Steppers for $600 to John Kempt. Terms are 2/10, n/30. Sales invoice 211.
Mar 10 – Received cash from Jennifer Rose in payment of 3rds transaction. Sales invoice 210, less discount.
Mar 14 – Collected cash sales, $2,550.
Mar 16 – Issued credit memorandum No.25 to John Kempt for $100 of merchandise returned from the 10th sale on account.
Mar 19 – Recieved cash from John Kempt in payment of the 10ths sales invoice No. 211.
Mar 28 – Collected cash sales $2,760.

Both comments and pings are currently closed.

Comments are closed.

Powered by WordPress | Designed by: free css template | Thanks to hostgator coupon and web hosting reviews