Homework

Medco Company uses special journals to record transactions. Medco uses the perpetual inventory system. Journalize the following transactions in the appropriate special journal. All credit sales have 2/10, n/30 terms.  

If you click on the journals twice, you will be able to type in them if you have Excel

General Journal

Cash Receipts Journal
AccountSalesAccountsOther COGS Dr
DateCreditedExplanationPRCash CRDiscount DRReceivable CrAccountsCrInventory Cr
Sheet1

Cash Receipts Journal
Account Sales Accounts Other COGS Dr
Date Credited Explanation PR Cash CR Discount DR Receivable Cr AccountsCr Inventory Cr

Sheet2

Sheet3

Cash Disbursements Journal
CheckAccountOther Accounts
DateNumberPayeeDebitedPRCash CRInventory CrAccounts DrPayable Dr
Sheet1

Cash Disbursements Journal
Check Account Other Accounts
Date Number Payee Debited PR Cash CR Inventory Cr Accounts Dr Payable Dr

Sheet2

Sheet3

DateAccount Titles & ExplanationsDebitCredit
Sheet1

GENERAL JOURNAL
Page ____________
Date Account Titles & Explanations Debit Credit

Sheet2

Sheet3

Sales Journal
Accounts
AccountInvoicePRReceivable DrCOGS Dr
DateDebitedNumberSales CrInventory CR
Sheet1

Sales Journal
Accounts
Account Invoice PR Receivable Dr COGS Dr
Date Debited Number Sales Cr Inventory CR

Sheet2

Sheet3

Purchases Journal
Date ofAccountsOfficeOther
DateAccountInvoiceTermsPRPayable CRInventory DRSupplies DrAccounts Dr
Sheet1

Purchases Journal
Date of Accounts Office Other
Date Account Invoice Terms PR Payable CR Inventory DR Supplies Dr Accounts Dr

Sheet2

Sheet3