The document outlines a sales journal recording all credit sales made by a firm, detailing each sale including date, debtor, invoice number, cost of sales, sales amount, GST, and total debts owed. It emphasizes the importance of ensuring that the debtors control amount equals the sum of sales and GST. The document presents multiple entries for sales made in February, totaling various amounts across several columns.

1. 6.1
THE SALES JOURNAL

2. © Michael Allison. Author’s permission required for external use.
6.1 THE SALES JOURNAL
Sales Journal
Records all credit sales made by the firm
Business
Customers Sell to customers on
30 day terms
Customer pays the
business after 23 days

3. © Michael Allison. Author’s permission required for external use.
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
 Format of the Sales Journal…
Date – the date of each
individual credit sale
Debtor – the name of the
debtor to whom the credit
sale was made
Invoice Number – issued by
the business (run in
sequential order)Cost of Sales – the cost
price of each sale made
Sales – the amount of the
sale (excluding GST)
GST – 10% of the sale
amount
Debtors Control – the total
amount the debtor owes
Totals – the total of each column
6.1 THE SALES JOURNAL

4. © Michael Allison. Author’s permission required for external use.
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
 The Debtors Control column must equal the total of all other columns (except
Cost of Sales)
Debtors
Control = Sales GST+
4950 = 4500 450+
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
Sales Journal
Date Debtor Invoice
Number
Cost of
Sales
Sales GST Debtors
Control
Feb 1 M. Bennett 451 1400 2500 250 2750
Feb 4 A. Griffith 452 600 1000 100 1100
Feb 17 R. Jones 453 210 400 40 440
Feb 24 M. Bennett 454 120 200 20 220
Feb 27 R. Jones 455 200 400 40 440
Feb 28 Totals 2530 4500 450 4950
6.1 THE SALES JOURNAL

5. © Michael Allison. Author’s permission required for external use.
TASK
In-class Homework
Ex6.1 (a) only X