Terrific Telephones

TERRIFIC TELEPHONES

AN ACCOUNTING PRACTICE SET

Journals

General Journal | |

| | Post. | | |

Date | Account | Ref. | Debit | Credit |

4/07/11 | Office supplies stock.............................Dr. To Creditor for office supplies | 6 | 706 | 706 |

22/7/11 | Sales return...............................................Dr. To Accounts receivable(Aston limited) | 38 | 3750 | 3750 |

28/7/11 | Accounts payable(acorn national)............Dr. To Purchase return | 46 | 1500 | 1500 |

29/7/11 | Delivery Services..................................Dr. To Nockear Corporation | 51 | 1850 | 1850 |

31/7/11 | Interest on loan......................................Dr. To Outstanding interest on loan | 53 | 500 | 500 |

31/7/11 | Depreciation on motor vehicle.............dr.Depreciation on furniture.....................Dr.Depreciation on office equipment..........Dr. To accumulated depreciation | 54 | 47179122 | 672 |

31/7/11 | Salary..................................................dr. To outstanding salary | 55 | 484 | 484 |

31/7 | Office supplies ...........................Dr To office supply stock | 56 | 1476 | 1476 |

31/7 | Telephone expenses.....................................DrElectricity expenses .....................................dr. To telephone payable To electricity payable | 57 | 690550 | 690550 |

31/7 | Bad debts written off....................................dr To Accounts receivable | 58 | 8150 | 8150 |

31/7 | Losses on inventory...............................Dr To inventory | 61 | 1850 | 1850 |

31/7 | Advertisement ..............................Dr To prepaid advertisement | 63 | 600 | 600 |

31/7 | Taxes.................................Dr To tax payable | 64 | 16945 | 16945 |

31/7 | Insurance.......................Dr To prepaid...