PERIODIC INVENTORY SYSTEM

BOOKKEEPING General Journal – 1

GJ-1

Date Account Titles and Explanation PR Debit Credit

 BOOKKEEPING General Journal – 2
GJ-2

Date Account Titles and Explanation PR Debit Credit

 BOOKKEEPING General Journal – 3
GJ-3

Date Account Titles and Explanation PR Debit Credit

Account Title: CASH Account No.:
Date Item Post Debit Credit Balance
Debit Credit

Account Title: ACCOUNTS RECEIVABLE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: SUPPLIES Account No.:

Date Item Post Debit Credit Balance
Debit Credit
Account Title:MERCHANDISE INVENTORY Account No.:
Date Item Post Debit Credit Balance
Debit Credit

Account Title: EQUIPMENT Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: ACCOUNTS PAYABLE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: NOTES PAYABLE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: LOPEZ, CAPITAL Account No.:

Date Item Post Debit Credit Balance
Debit Credit
Account Title: LOPEZ, DRAWINGS Account No.:
Date Item Post Debit Credit Balance
Debit Credit

Account Title: SALES Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: SALES RETURNS AND ALLOWANCES Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: SALES DISCOUNTS Account No.:

Date Item Post Debit Credit Balance
Debit Credit
Account Title: PURCHASES Account No.:
Date Item Post Debit Credit Balance
Debit Credit

Account Title: PURCHASE RETURNS AND ALLOWANCES Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: PURCHASE DISCOUNTS Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: FREIGHT IN Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: FREIGHT OUT Account No.:

Date Item Post Debit Credit Balance
Debit Credit
Account Title: ADVERTISING EXPENSE Account No.:
Date Item Post Debit Credit Balance
Debit Credit

Account Title: SALARIES EXPENSE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: RENT EXPENSE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: UTILITIES EXPENSE Account No.:

Date Item Post Debit Credit Balance
Debit Credit

Account Title: INCOME SUMMARY Account No.:

Date Item Post Debit Credit Balance
Debit Credit
 TRIAL BALANCE
Account Titles Debit Credit
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Notes Payable
Lopez, Capital
Lopez, Drawings
Sales
Sales Returns and Allowances
Sales Discounts
Purchases
Purchase Returns and Allowances
Purchase Discounts
Freight In
Freight Out
Advertising Expense
Rent Expense
Utilities Expense
Salaries Expense

STATEMENT CHANGES IN OWNER’S EQUITY

 COST OF GOODS SOLD

STATEMENT OF COMPREHENSIVE INCOME

STATEMENT OF FINANCIAL POSITION
STATEMENT OF CASH FLOWS
 CLOSING ENTRIES

Date Account Titles and Explanation PR Debit Credit

 POST-CLOSING TRIAL BALANCE

Account Titles Debit Credit