Problem

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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