1. Debtor
May 22 Sales $11000 Aug 9 Sales Return $4000
Sep 20 Cash $5000
Discount Exp $100
______ Dec 31 Bal c/d $1900
$11000 $11000
Jan 1 Bal b/d $1900
Drawings
May 31 Cash $5000 Dec 31 Capital $5000
$5000 $5000
Interest Exp.
Jun 2 Cash $2000 Dec 31 P&L $2000
$2000 $2000
Cost of Goods Sold
May 17 Inventory $12000 Aug 9 Inventory $1900
May 22 Inventory $6700 Dec 31 P&L $24000
Nov 19 Inventory $7200 ______
$25900 $25900
Sales Return
Aug 9 Debtor $4000 Dec 31 P&L $4000
$4000 $4000
Discount Revenue
Dec 31 P&L $200 Sept 6 Creditor $200
$200 $200
Discount Expense
Sep 20 Debtor $100 Dec 31 P&L $100
$100 $100