Professional Documents
Culture Documents
Cash at Bank
14-Nov Account Payable ### 4 Freight In Expence 60
19 Sales Revenue 2340 5 Freight Out Expence 30
9 Account Payable 1176
20 Account Payable 240
22 Account Payable 784
Account Payable
9-Nov Cash at Bank 1176 3 Inventory 1600
9-Jan Inventory 400 13 Inventory 800
20 Cash at Bank 240 20 Sales Return 240
22 Cash at Bank 784
Freight In Expense
5-Nov Cash at Bank 30
Account Receivable
5-Nov Sales Revenue 880 10 Sales Return 180
14 Cash at Bank ###
Sales Revenue
5-Nov Account Receivable 880
19 Cash at Bank 2340
Sales Return
10-Nov Account Receivable 180
20 Account Payable 240
Perpetual system
Lighthouse
Income Statement for the Month Ended 30 Nov 2010
Perodic system
Lighthouse
Income Statement for the Month Ended 30 Nov 2010
Inventory
1-Nov Capital 960 30
30 Cost of Goods Sold 760
Purchases
3-Nov Account Payable 1600 30
13 Account Payable 800
Account Payable 3
9-Nov Purchases Return 400 13
9 Cash at Bank 1176 20
20 Cash at Bank 240
22 Cash at Bank 784
Freight In Expense
4-Nov Cash at Bank 60
Cash at Bank
14-Nov Account Receivable 1105.8 4
19 Sales Revenue 2340 5
9
20
22
Purchaes Returns
30-Nov Cost of Goods Sold 400 9
Sales Return
10-Nov Account Reveivable 180
20 Account Payable 240
Account Receivable
5-Nov Sales Revenue 880 10-Jan
14
Sales Revenue
5-Nov
19-Nov
Cost Of Goods Sold
30-Nov Inventory 960 30
30 Purchases 2400 30
Cost of Goods Sold 960
Purchases 1600
Purchases 800
Sales Return 240
Freight In Expense 60
Freight Out Expense 30
Acoount Payable 1176
Acoount Payable 240
Acoount Payable 784