Journalizing Various Transactions in Accounting

What are the different transactions that need to be journalized?

1) What was the delivery charge for the computer system?
2) How much was the sales revenue from cash sales?
3) What were the total sales on account recorded?
4) What was the amount of cash sales recorded?
5) What was the first monthly installment payment for the computer equipment?
6) What were the total sales made in the last week of the month?

Answers:

1) The delivery charge for the computer system was $600.
2) The sales revenue from cash sales was $5,000.
3) The total sales on account recorded were $7,500.
4) The amount of cash sales recorded was $7,000.
5) The first monthly installment payment for the computer equipment was $412.50.
6) The total sales made in the last week of the month were $4,500.

Journalizing transactions in accounting involves recording each financial event in the appropriate accounts. Here are the journal entries for the different transactions mentioned:

1) Delivery Expense: Debit $600, Accounts Payable/Cash: Credit $600.

2) Cash Sales: Debit $5,000, Sales Revenue: Credit $5,000.

3) Sales on Account: Debit Accounts Receivable $7,500, Credit Sales Revenue: $7,500; Debit Cost of Goods Sold: $3,000, Credit Sales Tax Payable: $618.75.

4) Cash Sales: Debit Cash $7,000, Credit Sales Revenue: $7,000; Debit Cost of Goods Sold: $4,000, Credit Sales Tax Payable: $577.50.

5) First Monthly Installment Payment: Debit Interest Expense: $37.50, Notes Payable/Cash: Debit $375 (principal payment), Credit Cash (Principal Payment): $375.

6) Sales Made in the Last Week of the Month: Debit Cash: $4,500, Credit Sales Revenue: $4,500; Debit Cost of Goods Sold: $1,700, Credit Sales Tax Payable: $371.25.

These journal entries help in maintaining accurate financial records of the transactions.