MINI PRACTICE SET (CONTINUED)
THE ELEGANT DRESS SHOP
GENERAL JOURNAL
PAGE 6
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
16
Cash
110
6
5
6
00
Sales Discount
414
1
4
4
00
Accounts Receivable, Young Co.
112/√
4
8
0
0
00
Rec’d Payment on Acct.,
less Discount
16
Cash
110
0
0
0
00
Accounts Receivable, Young Co.
112/√
8
0
0
0
00
Rec’d Payment on Acct., no Discount
16
Accounts Receivable, Bach Co.
112/√
6
0
0
00
Sales
410
4
6
0
0
00
Sold Merchandise on Account
21
Delivery Truck
120
7
0
0
00
Accounts Payable, Manny’s Garage
210/√
19
7
0
0
00
Purchased Delivery Truck on Account
22
Accounts Receivable, Young Co.
112/√
0
0
0
00
Sales
410
5
0
0
0
00
Sold Merchandise on Account
23
Accounts Payable, Johnsons Co.
210/√
0
0
0
00
Purchases Discount
514
3
9
0
00
Cash
110
12
6
1
0
00
Paid Invoice, less Discount
24
Accounts Receivable, Bach Co.
112/√
4
0
0
00
Sales
410
1
4
0
0
00
Sold Merchandise on Account
25
Purchases
510
8
0
0
00
Cash
110
1
8
0
0
00
Purchased Merchandise for Cash
MINI PRACTICE SET (CONTINUED)
THE ELEGANT DRESS SHOP
GENERAL JOURNAL
PAGE 7
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
27
Purchases
510
0
0
0
00
Accounts Payable, Danmark Co.
210/√
5
0
0
0
00
Purchased Merchandise on Account
28
Cash
110
8
5
0
00
Sales Discount
414
1
5
0
00
Accounts Receivable, Young Co.
112/√
5
0
0
0
00
Received payment on Acct.,
less Discount
28
Cash
110
6
0
0
00
Accounts Receivable, Bach Co.
112/√
4
6
0
0
00
Rec’d Payment on Acct., no Discount
29
Purchases
510
0
0
0
00
Accounts Payable, Thomas Co.
210/√
13
0
0
0
00
Purchased Merchandise on Account
30
Accounts Receivable, Danmark Co.
112/√
0
0
0
00
Sales
410
9
0
0
0
00
Sold Merchandise on Account
30
Cleaning Expense
614
1
0
00
Postage Expense
620
1
0
00
Miscellaneous Expense
624
1
1
00
Delivery Expense
622
1
1
00
Cash
110
4
2
00
Replenish Petty Cash
MINI PRACTICE SET (CONTINUED)
THE ELEGANT DRESS SHOP
GENERAL JOURNAL
PAGE 8
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
30
Office Salary Expense
611
3
8
6
0
00
Sales Salary Expense
610
9
1
1
0
00
FICA—OASDI Payable
216
8
0
4
14
FICA—Medicare Payable
218
1
8
8
07
FIT Payable
214
1
2
5
5
00
SIT Payable
220
9
0
7
90
Salaries Payable
212
9
8
1
4
89
Record Current Month’s Payroll Entry
30
Payroll Tax Expense
612
1
1
6
5
01
FICA—OASDI Payable
216
8
0
4
14
FICA—Medicare Payable
218
1
8
8
07
SUTA Tax Payable
222
1
5
3
60
FUTA Tax Payable
224
1
9
20
Record Current Month’s Payroll Tax
Expense
31
Salaries Payable
212
9
8
1
4
89
Cash
110
9
8
1
4
89
Paid payroll
Adjusting Entries
31
Income Summary
330
4
9
0
0
00
Merchandise Inventory
114
4
9
0
0
00
31
Merchandise Inventory
114
14
5
8
0
00
Income Summary
330
14
5
8
0
00
31
Rent Expense
618
5
5
0
00
Prepaid Rent
116
5
5
0
00
31
Dep. Expense, Truck
616
3
0
0
00
Accumulated Depreciation, Truck
121
3
0
0
00
MINI PRACTICE SET (CONTINUED)
THE ELEGANT DRESS SHOP
GENERAL JOURNAL
PAGE 9
Date
201X
Account Titles and Description
PR
Dr.
Cr.
31
Unearned Rent
226
2
5
0
00
Rental Income
416
2
5
0
00
Closing Entries
31
Sales
410
77
0
0
0
00
Rental Income
416
2
5
0
00
Purchases Returns and Allowances
512
1
0
0
0
00
Purchases Discount
514
4
7
0
00
Income Summary
330
78
7
2
0
00
31
Income Summary
330
64
4
2
1
01
Sales Returns and Allowances
412
3
2
0
0
00
Sales Discount
414
2
9
4
00
Purchases
510
45
8
0
0
00
Sales Salary Expense
610
9
1
1
0
00
Office Salary Expense
611
3
8
6
0
00
Payroll Tax Expense
612
1
1
6
5
01
Cleaning Expense
614
1
1
0
00
Postage Expense
620
1
0
00
Delivery Expense
622
1
1
00
Miscellaneous Expense
624
1
1
00
Rent Expense
618
5
5
0
00
Dep. Expense, Truck
616
3
0
0
00
Income Summary
330
23
9
7
8
99
B. Duval, Capital
310
23
9
7
8
99
B. Duval, Capital
310
2
5
0
00
B. Duval, Withdrawals
320
2
5
0
00
MINI PRACTICE SET (CONTINUED)
00
t.
0
m
1
A
Sundry
Account
Cleaning Expense
Delivery
Expense
AUXILIARY PETTY CASH RECORD
Postage
Expense
Payment
00
0
1
Receipts
00
5
5
Description
Balance
Cleaning
Voucher
No.
18
Date
201X
1
2
Mar.
1
Misc. Expense
00
9
1
9
Delivery
9
MINI PRACTICE SET (CONTINUED)
Requirement 3
MINI PRACTICE SET (CONTINUED)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
BACH CO.
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
Mar.
1
Balance
√
1
8
0
0
00
1
GJ4
1
8
0
0
00
16
Inv. #54
GJ6
4
6
0
0
00
4
6
0
0
00
24
Inv. #56
GJ6
1
4
0
0
00
6
0
0
0
00
28
GJ7
4
6
0
0
00
1
4
0
0
00
NAME
DANMARK CO.
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
Mar.
30
Inv. #57
GJ7
9
0
0
0
00
9
0
0
0
00
NAME
YOUNG CO.
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
Mar.
3
Inv. #51
GJ4
8
0
0
0
00
8
0
0
0
00
6
Inv. #52
GJ4
8
0
0
0
00
16
0
0
0
00
9
Inv. #53
GJ4
6
0
0
0
00
22
0
0
0
00
10
CM #10 (Inv. #52)
GJ4
3
2
0
0
00
18
8
0
0
00
16
GJ6
4
8
0
0
00
14
0
0
0
00
16
GJ6
8
0
0
0
00
6
0
0
0
00
22
Inv. #55
GJ6
5
0
0
0
0
11
0
0
0
00
28
GJ7
5
0
0
0
00
6
0
0
0
00
MINI PRACTICE SET (CONTINUED)
THE ELEGANT DRESS SHOP
SCHEDULE OF ACCOUNTS RECEIVABLE
MARCH 31, 201X
Bach Co.
$1
4
0
0
00
Danmark Co.
9
0
0
0
00
Young Co.
6
0
0
0
00
Total Accounts Receivable
$16
4
0
0
00
THE ELEGANT DRESS SHOP
SCHEDULE OF ACCOUNTS PAYABLE
MARCH 31, 201X
Danmark Co.
$7
0
0
0
00
Manny’s Garage
19
7
0
0
00
Thomas Co.
17
0
0
0
00
Total Accounts Payable
$43
7
0
0
00
MINI PRACTICE SET (CONTINUED)
Requirements 4, 8
GENERAL LEDGER
CASH
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
1
Balance
√
2
3
6
4
80
1
GJ4
1
8
0
0
00
4
1
6
4
80
9
GJ4
1
0
0
00
4
0
6
4
80
12
GJ5
30
0
0
0
00
34
0
6
4
80
12
GJ5
7
9
2
0
00
26
1
4
4
80
13
GJ5
5
0
0
0
00
31
1
4
4
80
15
GJ5
2
1
6
4
90
28
9
7
9
90
15
GJ5
2
5
0
00
28
7
2
9
90
15
GJ5
6
5
1
00
28
0
7
8
90
16
GJ6
4
6
5
6
00
32
7
3
4
90
16
GJ6
8
0
0
0
00
40
7
3
4
90
23
GJ6
12
6
1
0
00
28
1
2
4
90
25
GJ6
1
8
0
0
00
26
3
2
4
90
28
GJ7
4
8
5
0
00
31
1
7
4
90
28
GJ7
4
6
0
0
00
35
7
7
4
90
30
GJ7
4
2
00
35
7
3
2
90
31
GJ8
9
8
1
4
89
25
9
1
8
01
Credit
Mar.
1
Balance
√
5
5
00