Company sell goods to customer who will pay full amount in 30 days; how to record the sale

The General Journal or Sales Journal (a subsidiary journal) if the volume of credit sales is on the high side can be used.

i) Using the General Journal:

Date   Description                                                   Debit     Credit

xxx     Accounts Receivable (Marjorie Customer)  $$$

          Sales Revenue                                                             $$$

To record the sale of goods on credit, terms n/30.

ii) Alternatively, the Sales Journal is used:

Date   Description                Amount

xxx      Marjorie Customer     $$$

other customers                    $$$

Total (Accounts Receivable) $$$

Explanation:

The General Journal is an all-purpose journal, which can be used to initiate the recording of business transactions.  It shows the accounts to be debited and the ones to be credited in the General Ledger.

The use of a subsidiary journal, e.g. a Sales Journal, helps to summarize the particular type of transaction for a period before the total is posted to the control account in the general ledger and the individual customer accounts in the Subsidiary Ledger.

a

explanation: