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Oriole Company sells one product. Presented below is information for January for Oriole Company Jan. 1 Inventory 4 Sale 11 Pu
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Answer #1

General Journal

Date Account Title and Explanation Debit Credit
Jan 4 Accounts Receivable $768
Sales Revenue (96×$8) $768
Jan 11 Purchases $987
Accounts Payable (141×$7) $987
Jan.13 Accounts Receivable $1,017
Sales Revenu (113*9) $1,017
Jan.20 Purchases $1,120
AccountsPlayable(160*7) $1,120
Jan.27 Accounts Receivable $1,144
Sales Revenu(104*$11) $1,144
Jan 31 Inventory (108*7) $756
Cost of Goods Sold $951
Purchase ($987+$1,120 $1,107
Inventory (120×$5) $600
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