978-0133791006 Chapter 10 Part 2

subject Type Homework Help
subject Pages 9
subject Words 733
subject Authors Jeffrey Slater

Unlock document.

This document is partially blurred.
Unlock all pages and 1 million more documents.
Get Access
page-pf1
EXERCISES (CONTINUED)
10B-4.
CODY'S CLOTHING
SCHEDULE OF ACCOUNTS PAYABLE
APRIL 30, 201X
Hall
$ 1,100
Parker
250
Total Accounts Payable
$ 1,350
The schedule of accounts payable at April 30, 201X equals the accounts payable account at April 30,
201X.
10B-5.
Account Category Increase Dr. or Cr.
Purchases
Cost
Accounts Payable
Liability
10B-6.
(
List price
-
Trade discount
amount
)
x
(100% Cash
discount)
= Actual Cost
(
$3,700
-
$1,184
)
x
(100% 5%)
= $2,390.20
10B-7.
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
8
Merchandise Inventory
12
0
0
0
00
Accounts Payable, Tustin Supplies
12
0
0
0
00
15
Accounts Receivable
7
0
0
0
00
Sales
7
0
0
0
00
15
Cost of Goods Sold
5
5
0
0
00
Merchandise Inventory
5
5
0
0
00
20
Accounts Payable, Tustin Supplies
1
4
0
00
Merchandise Inventory
1
4
0
00
page-pf2
EXERCISES (CONTINUED)
10B-8.
Date
201X
Account Titles and Description
PR
Dr.
Cr.
July
4
Cash
5
0
0
00
Sales
5
0
0
00
4
Cost of Goods Sold
1
5
0
00
Merchandise Inventory
1
5
0
00
9
Merchandise Inventory
2
5
0
0
00
Accounts Payable, Rare Co.
2
5
0
0
00
20
Merchandise Inventory
1
0
0
00
Cash
1
0
0
00
page-pf3
EXERCISES (CONCLUDED)
10B-10.
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Jul.
8
Accounts Receivable, Ring Co.
6
2
0
00
Sales
6
2
0
00
8
Cost of Goods Sold
3
5
0
00
Merchandise Inventory
3
5
0
00
12
Office Equipment
1
9
0
0
00
Accounts Payable, TRE Co.
1
9
0
0
00
13
Sales Returns and Allowances
2
5
0
00
Cash
2
5
0
00
13
Merchandise Inventory
4
0
00
Cost of Goods Sold
4
0
00
page-pf4
PROBLEM 10A-1
ROBERT'S SKATE SHOP
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
May
4
Purchases
510
6
0
0
00
Accounts Payable, Wales Co.
210/
6
0
0
00
Merch. on Acct. Inv. No. 442
5
Store Equipment
121
4
6
0
0
00
Accounts Payable, Kingston Co.
210/
4
6
0
0
00
Eq. Purch. on Acct. Inv. No. 502
8
Purchases
510
1
7
0
0
00
Accounts Payable, Rolo Co.
210/
1
7
0
0
00
Merch. on Acct. Inv. No. 401
14
Store Supplies
115
1
0
0
0
00
Accounts Payable, Wales Co.
210/
1
0
0
0
00
Supplies Bought on Acct. Inv. 419
page-pf5
PROBLEM 10A-1 (CONTINUED)
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
WALES CO.
ADDRESS
12 SMITH ST., DEARBORN, Ml 09113
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
May
4
GJ2
6
0
0
00
6
0
0
00
14
GJ2
1
0
0
0
00
1
6
0
0
00
NAME
KINGSTON CO.
ADDRESS
1 RANTOUL RD., CHARLOTTE, NC 01114
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
May
5
GJ2
4
6
0
0
00
4
6
0
0
00
NAME
ROLO CO.
ADDRESS
2 WEST RD., LYNN, MA 01471
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
May
8
GJ2
1
7
0
0
00
1
7
0
0
00
page-pf6
PROBLEM 10A-1 (CONCLUDED)
PARTIAL GENERAL LEDGER
STORE SUPPLIES
ACCOUNT NO. 115
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
14
GJ2
1
0
0
0
00
1
0
0
0
00
STORE EQUIPMENT
ACCOUNT NO. 121
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
5
GJ2
4
6
0
0
00
4
6
0
0
00
page-pf7
PROBLEM 10A-2
(1)
RILEY'S NATURAL FOOD STORE
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
8
Purchases
510
7
5
0
00
Accounts Payable, Aris Co.
210/
7
5
0
00
Merch. on Acct. Inv. No. 400
10
Purchases
510
1
3
5
0
00
Accounts Payable, Brown Co.
210/
1
3
5
0
00
Merch. on Acct. Inv. No. 420
12
Store Supplies
110
4
0
0
00
Accounts Payable, Moose Co.
210/
4
0
0
00
Supplies on Acct. Inv. No. 510
14
Accounts Payable, Aris Co.
210/
3
0
0
00
Purchases Returns and Allowances
512
3
0
0
00
Issued Debit Memo #8
17
Office Equipment
120
6
4
0
00
Accounts Payable, Ready Co.
210/
6
4
0
00
Equip. on Acct. Inv. No. 810
24
Store Supplies
110
8
5
0
00
Accounts Payable, Moose Co.
210/
8
5
0
00
Supplies on Acct. Inv. No. 516
page-pf8
PROBLEM 10A-2 (CONTINUED)
(2)
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
ARIS CO.
ADDRESS
11 LYNNWAYAVE., NEWPORT, RI 03112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Apr.
1
Balance
3
5
0
00
8
GJ2
7
5
0
00
1
1
0
0
00
14
GJ2
3
0
0
00
8
0
0
00
page-pf9
PROBLEM 10A-2 (CONTINUED)
PARTIAL GENERAL LEDGER
STORE SUPPLIES
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
12
GJ2
4
0
0
00
4
0
0
00
24
GJ2
8
5
0
00
1
2
5
0
00
page-pfa
PROBLEM 10A-2 (CONCLUDED)
PURCHASES RETURNS AND ALLOWANCE
ACCOUNT NO. 512
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Apr.
14
GJ2
3
0
0
00
3
0
0
00
(3)
RILEY'S NATURAL FOOD STORE
SCHEDULE OF ACCOUNTS PAYABLE

Trusted by Thousands of
Students

Here are what students say about us.

Copyright ©2022 All rights reserved. | CoursePaper is not sponsored or endorsed by any college or university.