JOURNAL ENTRIES

Question 1

SALES RETURN

Answer 1

SALES R. AND A. 100
TRADE RECEIVABLES 100

INVENTORY 50
COGS 50

Question 2

WRITE OFF

Answer 2

AFDA XXX

T/R XXX

Question 3

WRITE OFF RECOVERY

Answer 3

T/R XXX
AFDA XXX

CASH XXX
T/R XXX

Question 4

BAD DEBT EXPENSE

Answer 4

DIFFENCE IN AFDA OPENING AND ENDING BALANCE

Question 5

GIFT CARDS

Answer 5

CASH XXX
UNEARNED REV. XXX

SERVICE DONE

UNEARNED REV. XXX
SALES REV. XXX

Question 6

WARRANTY PROVISION SALE

Answer 6

WARANTY EXPENSE . XXX

WARRANTY PROVISION . XXX

Question 7

WARANTY REDEEMED

Answer 7

WARRANTY PROVISION . XXX

INVENTORY XXX

Question 8

WAGES LIABILITY

Answer 8

EMPLOYEE ENTRY
WAGES EXPENSE
CPP, EI, WAGES PAYABLE

EMPLOYER ENTRY
WAGES EXPENSE
CPP, EI PAYABLE

PAYMENT OF WAGES
WAGES PAYABLE
CASH