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Summary General Journal Entry QUANTITY DESCRIPTION UNIT PRICE TOTAL 10 Paddle Board $1,200.00 $12,

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2024/2025 Written for academic year
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General Journal Entry QUANTITY DESCRIPTION UNIT PRICE TOTAL 10 Paddle BoardGeneral Journal Entry QUANTITY DESCRIPTION UNIT PRICE TOTAL 10 Paddle Board $1,200.00 $12,000.00 20 Body Board $660.00 $13,200.00 Payment Received ($12,600.00) TOTAL DUE $12,600.00Answer & ExplanationTo record the transactions in a general journal, we need to make entries for the sale of paddle boards and body boards, as well as the payment received. Here's how you can structure these journal entries:1.Record the Sale of Paddle Boards:oDate: [Enter Date]oAccount Debit: Accounts Receivable $12,000oAccount Credit: Sales Revenue $12,000Explanation: This entry records the sale of 10 paddle boards at $1,200 each. The total sales revenue is credited because it increases revenue.2.Record the Sale of Body Boards:oDate: [Enter Date]oAccount Debit: Accounts Receivable $13,200oAccount Credit: Sales Revenue $13,200Explanation: This entry records the sale of 20 body boards at $660 each. The tot

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General Journal Entry QUANTITY DESCRIPTION UNIT PRICE TOTAL 10

Paddle Board $1,200.00 $12,000.00 20 Body Board $660.00 $13,200.00

Payment Received ($12,600.00) TOTAL DUE $12,600.00




Answer & Explanation


To record the transactions in a general journal, we need to make entries for the

sale of paddle boards and body boards, as well as the payment received. Here's

how you can structure these journal entries:


1. Record the Sale of Paddle Boards:


o Date: [Enter Date]


o Account Debit: Accounts Receivable $12,000


o Account Credit: Sales Revenue $12,000


Explanation: This entry records the sale of 10 paddle boards at $1,200 each. The

total sales revenue is credited because it increases revenue.


2. Record the Sale of Body Boards:

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