Week 11

May 2 Purchases 10,000

Accounts Payable 10,000

May 3 Accounts Receivable 4,000

Cash 500
Sales 4500

May 4 Freight Out 500

Cash 500

May 5 Accounts Payable 800

Purchase Returns 800

May 6 Accounts Payable 5,000

Cash 4,900
Purchase Discount 100

May 7 Cash 2,940

Sales Discount 60
Accounts Receivable 3,000

May 8 Accounts Payable 4,200

Cash 4,116
Purchase Discount 84

May 9 Cash 980

Sales Discount 20
Accounts Receivable 1,000

May 10 Purchases 6,800

Cash 6,800

May 11 Cash 500

Purchase Return 500

May 12 Purchases 14,000

Accounts Payable 14,000

May 13 Freight In 700

Cash 700

May 14 Cash 3,600

Sales 3,600

May 15 Purchases 2,750

Cash 2,750

May 16 Accounts Payable 6,000

Cash 5,880
Purchase Discount 120

May 17 Accounts Payable 8,000

Cash 7,840
Purchase Discount 160
May 18 Sales Returns/Allowances 500
Cash 500

May 19 Cash 1,942.50

Accounts Receivable 11,007.50
Sales 12,950

May 20 Purchases 14,535

Cash 14,535

May 21 Cash 10,787.35

Sales Discount 220.15
Accounts Receivable 11,007.50

May 22 Purchases 4,000

Accounts Payable 4,000

May 23 Purchases 6,000

Accounts Payable 6,000

May 24 Cash 4,000

Accounts Receivable 16,000
Sales 20,000

May 25 Accounts Receivable 6,000

Purchases 6,000

May 29 Accounts Payable 6,000

Cash 5,880
Purchase Discount 120

May 30 Cash 5,000

Sales 5,000

May 31 Cash 2,000

AR 6,000
Sales 8,000

Trial Balance

Debit Credit
Cash 27,848.85
Accounts Receivable 22,000
Accounts Payable 4,000
Capital 50,000
Sales 54,050
Sales Discount 300.15
Sales Return&Allowances 500
Purchases 58,085
Freight In 700
Purchase Discount 584
Purchase Return&Allowances 1,300
Freight Out 500

TOTAL 109,934 109,934