Problem 7-6BA (Continued)
CASH RECEIPTS JOURNAL Page 2
Date
Account Credited
Explanation PR
Cash
Dr.
Sales
Discount
Dr.
Accounts
Receivable
Cr.
Sales
Cr.
Other
Accts.
Cr.
Nov. 2 L.T. Notes Pay…………………………………..Note to bank………………………………………………………………..
251/88,500 88,500
15 Sales………………………………………………Cash sales…………………………………………………………………..
18,170 18,170
(101) (415) (106) (413) ()
CASH DISBURSEMENTS JOURNAL Page 2
Date
Ck.
No. Payee Account Debited PR
Cash
Cr.
Purchases
Discounts
Cr.
Other
Accounts
Dr.
Accounts
Payable
Dr.
Nov. 12 633 BLR Industries…………………………………BLR Industries…………………………………………………………….
32,830 670 33,500
15 634 Payroll……………………………………………Sales Salaries
Expense……………………………………………………………………..
621 6,585 6,585
(101) (507) () (201)
Problem 7-6BA (Continued)
GENERAL JOURNAL Page 2
Nov. 17 Accounts Payable—Lo Co……………………………201/557
Purchases Returns and Allowances…………..506 557
Received a credit memo for returns.
26 Accounts Payable—Brun Supply………………….201/922
Office Equipment…………………………………….163 922
Received a credit memo for returns.
GENERAL LEDGER
Cash Acct. No. 101
Date Explanation PR Debit Credit Balance
Accounts Receivable Acct. No. 106
Date Explanation PR Debit Credit Balance
Inventory Acct. No. 119
Date Explanation PR Debit Credit Balance
Office Supplies Acct. No. 124
Date Explanation PR Debit Credit Balance
Store Supplies Acct. No. 125
Date Explanation PR Debit Credit Balance
Office Equipment Acct. No. 163
Date Explanation PR Debit Credit Balance
Nov. 1 P2 5,058 5,058
26 G2 922 4,136
Problem 7-6BA (Continued)
Accounts Payable Acct. No. 201
Date Explanation PR Debit Credit Balance
Nov. 17 G2 557 (557)
Long-Term Notes Payable Acct. No. 251
Date Explanation PR Debit Credit Balance
C. Grassley, Capital Acct. No. 301
Date Explanation PR Debit Credit Balance
Sales Acct. No. 413
Date Explanation PR Debit Credit Balance
Sales Discounts Acct. No. 415
Date Explanation PR Debit Credit Balance
Purchases Acct. No. 505
Date Explanation PR Debit Credit Balance
Purchases Returns and Allowances Acct. No. 506
Date Explanation PR Debit Credit Balance
Purchases Discounts Acct. No. 507
Date Explanation PR Debit Credit Balance
Nov. 30 D2 710 710
Problem 7-6BA (Continued)
Sales Salaries Expense Acct. No. 621
Date Explanation PR Debit Credit Balance
ACCOUNTS RECEIVABLE LEDGER
Carlos Mantel
Date Explanation PR Debit Credit Balance
Cyd Rounder
Date Explanation PR Debit Credit Balance
Tori Tripp
Date Explanation PR Debit Credit Balance
ACCOUNTS PAYABLE LEDGER
BLR Industries
Date Explanation PR Debit Credit Balance
Brun Supply
Date Explanation PR Debit Credit Balance
Nov. 1 P2 5,058 5,058
26 G2 922 4,136
Problem 7-6BA (Continued)
Grebe Company
Date Explanation PR Debit Credit Balance
Lo Company
Date Explanation PR Debit Credit Balance
Part 3
GRASSLEY COMPANY
Trial Balance
November 30
Debit Credit
Cash…………………………………………………… $100,207
Accounts receivable……………………………. 7,975
Purchases discounts…………………………… 710
Sales salaries expense………………………… 13,170 ________
Totals
………………………………………………….
$203,550
$203,550
Problem 7-6BA (Concluded)
Part 3—continued
GRASSLEY COMPANY
Schedule of Accounts Receivable
November 30
Carlos Mantel………………………………………………$3,695
GRASSLEY COMPANY
Schedule of Accounts Payable
November 30
Brun Supply………………………………………………..$4,136