Example – Sales journal – Month of July
Example
| Date | Particulars | Cash sales (1)Footnote 1 |
Credit sales (2)Footnote 1 |
Sales returns (3)Footnote 1 |
Total sales (4)Footnote 1 |
GST (5%) (5)Footnote 2 |
PST (8%) (6)Footnote 2 |
Payment on account (7) |
|---|---|---|---|---|---|---|---|---|
| July 1 | Daily sales | $146.00 | $27.00 | $0 | $173.00 | $8.65 | $13.84 | $10.00 |
| July 2 | Daily sales | $167.00 | $36.25 | $26.00 | $177.25 | $8.86 | $14.18 | $0 |
| July 3 | Daily sales | $155.02 | $19.95 | $10.01 | $164.96 | $8.25 | $13.20 | $32.40 |
| July 4 | Daily sales | $147.00 | $29.95 | $0 | $176.95 | $8.85 | $14.16 | $0 |
On July 1, you add up the sales invoices and cash register tapes. You find that you had cash sales of $146 and sales on account of $27. In your sales journal, you record the cash sales in column 1 and the credit sales in column 2.
Since there were no merchandise returns on July 1, leave column 3 blank.
In column 4, enter the total of your cash sales and your credit sales, minus merchandise returned for that day.
In columns 5 and 6, enter the total GST and PST you charged on your sales.
In column 7, keep track of any cash payments received for previous credit sales. Do not include these payments in the daily sales figures.