Sample Problem

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Sample Problem

• Chapter 7

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4Recording credit sales and posting from the
sales journal.Discount Appliance Center is a
retail store that sells household appliances. The
firms credit sales for June are listed below,
along with the general ledger accounts used to
record these sales. The balance shown for
Accounts Receivable is for the beginning of the
month.

• Instructions
• Open the general ledger accounts and enter the
  balance of Accounts Receivable for June 1.
• Record the transactions in a sales journal like
  the one shown in Figure 7.4. Use 8 as the journal
  page number.
• Total, prove, and rule the sales journal as of
  June 30.
• Post the column totals from the sales journal to
  the proper general ledger accounts.

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Sales Journal Page 8
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General Ledger