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PROBLEM 9.2B (continued)
ACCOUNT Accounts Payable ACCOUNT NO.
2013
ACCOUNT Sales Tax Payable ACCOUNT NO.
2013
ACCOUNT Fred Lynn, Drawing ACCOUNT NO.
2013
ACCOUNT Sales Returns and Allowances ACCOUNT NO.
GENERAL LEDGER
205
DATE DESCRIPTION
POST.
REF. CREDIT
BALANCE
DEBIT
BALANCE
DEBIT
DEBIT CREDIT CREDIT
DEBIT CREDIT
231
DATE DESCRIPTION
POST.
REF.
DATE DESCRIPTION
DEBIT
302
POST.
REF.
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
CREDIT
451
CREDIT
BALANCE
DEBIT
PROBLEM 9.2B (continued)
ACCOUNT Purchases Discounts ACCOUNT NO.
ACCOUNT Delivery Expense ACCOUNT NO.
2013
ACCOUNT Interest Expense ACCOUNT NO.
2013
ACCOUNT Miscellaneous Expense ACCOUNT NO.
2013
CREDIT
CREDIT
614
CREDIT
BALANCE
DEBIT
DEBIT
DATE DESCRIPTION
POST.
REF. DEBIT
CREDIT
611
DATE
BALANCE
POST.
REF.DESCRIPTION
BALANCE
DEBIT
CREDIT
511
CREDIT
BALANCE
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
DEBIT
DEBIT
GENERAL LEDGER
504
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
PROBLEM 9.2B (continued)
ACCOUNT Rent Expense ACCOUNT NO.
2013
ACCOUNT Salaries Expense ACCOUNT NO.
2013
ACCOUNT Telephone Expense ACCOUNT NO.
2013
GENERAL LEDGER
620
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT CREDIT
623
DEBIT
BALANCE
DEBIT
DEBIT CREDIT
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
626
CREDIT
BALANCE
PROBLEM 9.3B
PAGE
INVOICE
NO. CUSTOMER’S NAME
POST.
REF.
1 2013 1
PAGE
A/C NAME
POST.
REF.
2013
Aug. 1 660000 13200 646800
11 1945000 38900 1906100
10
CASH DRAMT
SALES
CREDIT
OTHER ACCOUNTS CREDIT
SALES DIS.
DR
Jamison Builders
Construction Supply Co.
A/C REC. CR
DATE
ACCOUNTS
RECEIVABLE
DR./ SALES CR.
10SALES JOURNAL
CASH RECEIPTS JOURNAL
DESCRIPTIONDATE
POST.
REF.
PROBLEM 9.3B (continued)
PAGE
POST.
REF.
1
2013
1
GENERAL JOURNAL 24
DATE DESCRIPTION DEBIT CREDIT
1
2013
1
2 Aug. 4 109 12 0 0 0 00 2
111
✔
4 Received a 3-month, 12% note from Davis 4
Accounts Receivable/Davis Custom Homes 0012 0 0
3
3
Notes Receivable
0
ACCOUNT Cash ACCOUNT NO. 101
GENERAL LEDGER
2013
DEBIT CREDIT
BALANCE
DATE
POST.R
EF. CREDITDEBIT
DESCRIPTION
ACCOUNT Notes Receivable ACCOUNT NO.
2013
DEBIT
BALANCE
DATE DESCRIPTION
109
CREDIT DEBIT CREDIT
POST.R
EF.
PROBLEM 9.3B (continued)
ACCOUNT Accounts Receivable ACCOUNT NO.
2013
Aug. 1 Balance ✔22 5 0 7 00
4 J24 12 0 0 0 00 10 5 0 7 00
ACCOUNT Sales ACCOUNT NO.
ACCOUNT Sales Returns and Allowances ACCOUNT NO.
ACCOUNT Sales Discounts ACCOUNT NO.
2013
401
451
452
BALANCE
DEBIT CREDIT
CREDIT
GENERAL LEDGER
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT
111
CREDIT
CREDIT
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT
DATE DESCRIPTION
POST.
REF. DEBIT
DATE DESCRIPTION
POST.
REF. DEBIT
BALANCE
DEBIT CREDIT
CREDIT
PROBLEM 9.3B (continued)
Royal Construction Company
Partial Income Statement
Month Ended August 31, 2013
Revenue
6934000
Sales Discounts 8 9 2 00 144200
Net Sales 6789800
Sales
PAGE
PURCHASES JOURNAL
PROBLEM 9.4B
12
PAGE
PURCHASED
FROM
INVOICE
NO.
INVOICE
DATE TERMS
POST.
REF.
2013
DATE
PURCHASES
JOURNAL
12
PURCHASES
DR./
ACCOUNTS
PAYABLE
Dec. 1 Alexis Products for Homes 6559 11/28 2/10, n/30 660000
PROBLEM 9.4B (continued)
PAGE
POST.
REF.
1
2013
1
GENERAL JOURNAL 30
DATE DESCRIPTION DEBIT CREDIT
1
2013
1
2 Dec. 4 131 14 0 0 0 00 2
3 201 14 0 0 0 00 3
4 4
5 5
Company to purchase new store equipment
Equipment
Notes Payable
Issued 2-month, 10% note to Kesterson
PROBLEM 9.4B (continued)
ACCOUNT Cash ACCOUNT NO.
2013
ACCOUNT Equipment ACCOUNT NO.
2013
ACCOUNT Notes Payable ACCOUNT NO.
DATE
CREDIT
POST.
REF. CREDIT DEBIT
DESCRIPTION
DEBIT CREDIT
DEBIT
BALANCE
DESCRIPTION
POST.
REF.
131
BALANCE
201
DEBIT
GENERAL LEDGER
101
DATE DESCRIPTION
BALANCE
CREDIT
DATE
CREDIT
DEBIT
DEBIT CREDIT
POST.
REF.
PROBLEM 9.4B (continued)
ACCOUNT Accounts Payable ACCOUNT NO.
2013
Dec. 1 Balance ✔760000
ACCOUNT Purchases ACCOUNT NO.
2013
ACCOUNT Purchases Returns and Allowances ACCOUNT NO.
ACCOUNT Purchases Discounts ACCOUNT NO.
2013
GENERAL LEDGER
CREDITDATE
205
501
POST.
REF.DESCRIPTION DEBIT
BALANCE
CREDITDEBIT
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
503
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
504
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
PROBLEM 9.4B (continued)
ACCOUNT Rent Expense ACCOUNT NO.
2013
ACCOUNT Salaries Expense ACCOUNT NO.
2013
ACCOUNT Telephone Expense ACCOUNT NO.
2013
34 0 0 0 00
CREDIT
BALANCE
DEBIT CREDIT
DATE DESCRIPTION
POST.
REF. DEBIT
POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
DESCRIPTION
GENERAL LEDGER
Purchases
DATE DESCRIPTION
POST.
REF. DEBIT CREDIT
Contemporary Appliance Center
Partial Income Statement
Month Ended December 31, 2013
611
614
617
BALANCE
DEBIT CREDIT
DATE
PROBLEM 9.4B (continued)
PAGE
ACCOUNT NAME
POST.
REF.
2013
Dec. 2 1801 Monthly rent Rent Expense 611 300000 300000
6 1802 Alexis Products for Homes 660000 13200 646800
12CASH PAYMENTS JOURNAL
OTHER ACCOUNTS DEBIT
CASH
CREDITAMOUNT
PURCHASES
DISCOUNT
CREDITDATE
CK.
NO. DESCRIPTION
POST.
REF.
ACCOUNTS
PAYABLE
DEBIT
PROBLEM 9.5B
7323 50
90000
8223 50
Deductions for outstanding checks:
Peter Chen, Attorney-at-Law
Bank Reconciliation Statement
September 30, 2013
Balance on bank statement
Additions:
Deposit of September 28 in transit
PROBLEM 9.6B
844203
99407
943610
Check 533 1 4 8 95
Additions:
Note receivable collected by bank 155000
Interest on note receivable 3 0 00 158000
889859
Deductions:
NSF check 1 4 5 00
Bank service charge 1 4 34 1 5 9 34
Adjusted book balance 873925
Additions:
Deposit of July 31 in transit
Deductions for outstanding checks:
Stacked Stone Masonry
Bank Reconciliation Statement
July 31, 2013
Balance on bank statement
PROBLEM 9.6B (continued)
PAGE
POST.
REF.
1 2013 1
2 July 31 158000 2
3155000 3
4 3 0 00 4
5 5
6 6
PROBLEM 9.7B
Balance in books 19 4 5 1 00
Additions:
Big Guy Movers
Bank Reconciliation Statement
February 28, 2013
Cash
Notes Receivable
Interest Income
plus interest collected
To record receipt of amount due on note
GENERAL JOURNAL 1
DATE DESCRIPTION DEBIT CREDIT
PROBLEM 9.7B (continued)
PAGE
POST.
REF.
1 2013 1
2 Feb. 28 4 5 00 2
3 4 5 00 3
PROBLEM 9.8B
Balance on Bank Statement 29 7 3 4 00
Additions:
Deposit of November 30 in transit 122400
30 9 5 8 00
Deductions:
Deductions for outstanding checks:
Euro Specialty Products
Bank Reconciliation
November 30, 2013
Cash
Hauling Expense
1
DATE DESCRIPTION DEBIT CREDIT
GENERAL JOURNAL
PROBLEM 9.8B (continued)
PAGE
1 2013 1
2 Nov. 30 Cash 12 8 0 0 00 2
3 Accounts Receivable/Cantori Cucine 12 8 0 0 00 3
4 EFT received on account from Cantori 4
CRITICAL THINKING PROBLEM 9.1
PAGE
1 2013 1
2 Sept. 3 1850 Pam Lawrence ✔70200 5200 65000 2
44
CREDITDEBIT
POST.
REF.
GENERAL JOURNAL
DESCRIPTIONDATE
12SALES JOURNAL
ACCOUNTS
RECEIVABLE
DEBIT
SALES TAX
PAYABLE
CREDIT
SALES
CREDITDATE
SALES
SLIP
NO. CUSTOMER’S NAME
POST.
REF.
