Sales 売上取引 Uriage torihiki
transaction 1) Received JPY30,000 cash for the consulting fees.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Cash 30,000 | Sales 30,000 |
| 現金 30,000 | 売上 30,000 |
| Genkin | Uriage |
transaction 2) Sold goods on account for JPY50,000.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Accounts receivable-trade 50,000 | Sales 50,000 |
| 売掛金 50,000 | 売上 50,000 |
| Urikake-kin | Uriage |
transaction 3) Received a remittance for JPY50,000 into the bank account for the transaction 2 above.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Bank 50,000 | Accounts receivable-trade 50,000 |
| 預金 50,000 | 売掛金 50,000 |
| Yokin | Urikake-kin |
Buy and Sell 商品売買取引 Shohin baibai torihiki
transaction 4) Purchased merchandise for JPY30,000 on account.
NOTE: We usually use "仕入 Shiire" account, classified into Expenses, in Japanese business accounting practices for purchase transactions while "Inventory" account, classified into Assets, is popular in many countries.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Inventory 30,000 | Accounts payable-trade 30,000 |
| 仕入 30,000 | 買掛金 30,000 |
| Shiire | Kaikake-kin |
transaction 5) Sold merchandise above on account for JPY50,000.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Accounts receivable-trade 50,000 Cost of goods sold 30,000 |
Sales 50,000 Inventory 30,000 |
| 売掛金 50,000 - |
売上 50,000 - |
| Urikake-kin - |
Uriage - |
transaction 6) Made a remittance for JPY30,000 to pay the transaction 4 above.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Accounts payable-trade 50,000 | Bank 50,000 |
| 買掛金 50,000 | 預金 50,000 |
| Kaikake-kin | Yokin |
transaction 7) Compute cost of goods sold. Beginnning balance of inventories was JPY5,000, closing balance is JPY6,000.
Note: No journal entry needed when using "Inventory" and "Cost of goods sold" accounts.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| - | - |
| 仕入 6,000 繰越商品 5,000 |
繰越商品 6,000 仕入 5,000 |
| Shiire Kurikoshi-shohin |
Kurikoshi-shohin Shiire |
SGA Expenses 販売費及び一般管理費 Hambai-hi oyobi ippan-kanri-hi
transaction 8) Received a bill of JPY10,000 for telephone charge of this month. Payment will be made by the end of next month.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Communication 10,000 | Accounts payable-other 10,000 |
| 通信費 10,000 | 未払費用 10,000 |
| Tsushin-hi | Mibarai-hiyo |
transaction 9) Received a claim of JPY20,000 from an employee for the commutation of this month. Reimbursement will be made next week.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Commutation 20,000 | Accounts payable-other 20,000 |
| 旅費交通費 20,000 | 未払金 20,000 |
| Ryohi-kotsuhi | Mibarai-kin |
transaction 10) Paid JPY30,000 cash for an employee's business trip.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Business trip 30,000 | Cash 30,000 |
| 旅費交通費 30,000 | 現金 30,000 |
| Ryohi-kotsuhi | Genkin |
transaction 11) Paid JPY20,000 cash for the dinner with the customers.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Entertainment 20,000 | Cash 20,000 |
| 接待交際費 20,000 | 現金 20,000 |
| Settai-kosai-hi | Genkin |
Acquisition cost 取得価額 Shutoku kagaku
transaction 12) Bought a PC and paid JPY500,000 in cash.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Computer 500,000 | Cash 500,000 |
| 備品 500,000 | 現金 500,000 |
| Bihin | Genkin |
transaction 13) Made a remittance for JPY2,000,000 for the improvement construction of the rent office.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Leasehold improvement 2,000,000 | Bank 2,000,000 |
| 建物付属設備 2,000,000 | 預金 2,000,000 |
| Tatemono-fuzoku-setsubi | Yokin |
transaction 14) Bought JPY500,000 worth software on account.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Software 500,000 | Accounts payable-other 500,000 |
| ソフトウェア 500,000 | 未払金 500,000 |
| Software | Mibarai-kin |
Depreciation, Amortizarion 減価償却 Genka-syokyaku
transaction 15) Record monthly depreciation of computers. The amount is JPY10,000.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Depreciation-computer 10,000 | Accumulated depreciation-computer 10,000 |
| 減価償却費 10,000 | 減価償却累計額 10,000 |
| Genka-shokyaku-hi | Genka-shokyaku-ruikeigaku |
transaction 16) Record monthly amortization of software. The amount is JPY20,000.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Amortization-software 20,000 | Software 20,000 |
| 減価償却費 20,000 | ソフトウェア 20,000 |
| Genka-shokyaku-hi | Software |
Adjusting Entries 経過勘定 Keika-kanjo
transaction 17) The amount of JPY300,000 recorded into "Office rent" account should be adjusted to the next month's expense.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Prepaid rent 300,000 | Office rent 300,000 |
| 前払家賃 300,000 | 地代家賃 300,000 |
| Maebarai-yachin | Chidai yachin |
transaction 18) The amount of JPY600,000 recorded as "sales" includes the amount of JPY550,000 subject to the next eleven months' sales.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Sales 550,000 | Unearned revenue 550,000 |
| 売上 550,000 | 前受収益 5500,000 |
| Uriage | Maeuke shueki |
transaction 19) The amount of JPY300,000 of salaries for this month which is not recorded yet will be paid next month.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Salaries 300,000 | Accounts payable-salaries 300,000 |
| 給与手当 300,000 | 未払給与 300,000 |
| Kyuyo teate | Mibarai kyuyo |
transaction 20) The amount of JPY80,000 of maintenance fee, already provided services but not received the fees, is not journalized yet.
Dr. 借方 Karikata |
Cr. 貸方 Kashikata |
|---|---|
| Accounts receivable-trade 80,000 | Sales 80,000 |
| 未収収益 80,000 | 売上 80,000 |
| Mishu-shueki | Uriage |
