CONTINUING PROBLEM SOLUTION: ON THE JOB: SMITH COMPUTER CENTER
(1)
SMITH COMPUTER CENTER
GENERAL JOURNAL
PAGE 4
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Jan.
1
Accounts Receivable, Phil’s Photography
1020/√
7
8
0
00
Sales
4010
7
8
0
00
Sales Invoice 5000
10
Accounts Receivable, Dr. Michael Turiono
1020/√
3
6
0
0
00
Sales
4010
3
6
0
0
00
Sales Invoice 5001
11
Cash
1000
2
8
0
0
00
Accounts Receivable, All Stars Sports, Inc.
1020/√
2
8
0
0
00
Partial Payment, All Stars
12
Cash
1000
2
8
0
0
00
Sales
4010
2
8
0
0
00
Cash Sales
19
Accounts Receivable, Worldwide Professionals
1020/√
4
5
0
0
00
Sales
4010
4
5
0
0
00
Sales Invoice 5002
20
Cash
1000
3
4
9
2
00
Sales Discounts
4030
1
0
8
00
Accounts Receivable, Dr. Michael Turiono
1020/√
3
6
0
0
00
Inv. 5001 PAID
29
Sales Returns and Allowances
4020
4
6
0
00
Accounts Receivable, Phil’s Photography
1020/√
4
6
0
00
Issued Credit Memo
29
Cash
1000
4
4
1
0
00
Sales Discounts
4030
9
0
00
Accounts Receivable, Worldwide
Professionals
1020/√
4
5
0
0
00
Copyright © 2016 Pearson Education, Inc.
9-58
CONTINUING PROBLEM (CONTINUED)
(2)
CASH
ACCOUNT NO. 1000
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
Balance Forward
√
5
8
6
1
76
11
GJ4
2
8
0
0
00
8
6
6
1
76
12
GJ4
2
8
0
0
00
11
4
6
1
76
20
GJ4
3
4
9
2
00
14
9
5
3
76
29
GJ4
4
4
1
0
00
19
3
6
3
76
ACCOUNTS RECEIVABLE
ACCOUNT NO. 1020
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
Balance Forward
√
15
5
7
5
00
1
GJ4
7
8
0
00
16
3
5
5
00
10
GJ4
3
6
0
0
00
19
9
5
5
00
11
GJ4
2
8
0
0
00
17
1
5
5
00
19
GJ4
4
5
0
0
00
21
6
5
5
00
20
GJ4
3
6
0
0
00
18
0
5
5
00
29
GJ4
4
6
0
00
17
5
9
5
00
29
GJ4
4
5
0
0
00
13
0
9
5
00
SALES
ACCOUNT NO. 4010
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
GJ4
7
8
0
00
7
8
0
00
10
GJ4
3
6
0
0
00
4
3
8
0
00
12
GJ4
2
8
0
0
00
7
1
8
0
00
19
GJ4
4
5
0
0
00
11
6
8
0
00
201X
Explanation
Post
Ref.
Debit
Credit
Balance
ACCOUNT NO. 4030
201X
Explanation
Ref.
Debit
Credit
Balance
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
PHIL’S PHOTOGRAPHY
ACCOUNT NO. 100
ADDRESS
1010 MOCKINGBIRD LANE, CARLSBAD, CA 92008
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Jan.
1
Balance forward
√
3
7
7
5
00
1
Invoice #5000 2/10, n/30
GJ4
7
8
0
00
4
5
5
5
00
29
Return Merch.
GJ4
4
6
0
00
4
0
9
5
00
201X
Explanation
Post
Ref.
Debit
Dr. Balance
Jan.
1
Balance forward
7
4
0
0
00
#5002 (less disc.)
5
0
0
7
4
0
0
00
NAME
ALL STAR SPORTS, INC.
ACCOUNT NO. 103
ADDRESS
1717 JORDAN ST., SAN CLEMENTE, CA 91607
1
Balance forward
4
4
0
0
00
11
2
8
0
00
1
6
0
0
00
NAME
DR. MICHAEL TURIONO
ACCOUNT NO. 104
ADDRESS
600 NEWPORT BEACH, NEWPORT, CA 91600
201X
Explanation
Debit
Credit
Dr. Balance
10
Inv. #5001 2/10, n/30
3
0
0
00
3
6
0
0
00
3.
SMITH COMPUTER CENTER
SCHEDULE OF ACCOUNTS RECEIVABLE