General Journal
Date
Account
Debit
Credit
Opening
balance
Cash at bank
22549.00
Account receivable
4682.00
Allowance for doubtful debt
-380.00
Inventory
10760.00
Motor vehicle
23205.00
Accumulated depreciation on
motor vehicle
-2679.00
Account payable
5844.00
Bank loan owing
11349.00
Office furniture
10571.00
Accumulated depreciation on
Office furniture
-1998.00
Office supply
578.00
Share capital
38497.00
Retained earnings
11598.00
02/07
Account receivable
2915
GST clearing
265
Sales revenue
2650
COGS
1060
inventory
1060
03/07
Rent expense
2060
GST clearing
206
cash
2266
Computer
2127.27
GST clearing
212.73
Account payable
2340
04/07
Account payable
1452
cash
1452
05/07
Account receivable
3520
GST clearing
320
Sales revenue
3200
COGS
1280
pg. 1
STUDENT NAME:…………………………………JIN
ZHANG……………………………………………………………………………………… STUDENT ID:
…………………………………………….……………………………………………217459469 ………………………
................
inventory
1280
07/07
inventory
523.64
GST clearing
52.36
Account payable
576
08/07
Wages expense
2067
cash
2067
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- Expense, Generally Accepted Accounting Principles
