Sales Journal
The sales journal is used to record the company's sales. The columns usually include Date, Customer, Description (or reference to a sales order or purchase order), Amount, Sales Amount, Sales Tax, Delivery Charges (if the company ships its products and then charges the customer), and, of course, Other.
Date | Customer | PO | Amount | Sales | Sales Tax | Other | Acct |
---|---|---|---|---|---|---|---|
12/01 | ABC Comp | 345 | 1,000 | 910 | 90 | ||
12/02 | DEF Comp | 112 | 2,500 | 2,300 | 200 | ||
12/02 | MNO Comp | 002 | 4,000 | 3,650 | 350 | ||
Total | 7,500 | 6,860 | 640 |
The journal entry for these transactions would be:
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