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Title: Problem 7-6BA
Parts 1 and 2
SALES JOURNAL Page 2
Date Account Debited
Invoice
Number PR
Accounts Receivable Dr.
Sales Cr.
Nov. 8 Cyd Rounder......................................439 6,550
PURCHASES JOURNAL Page 2
Date Account
Date of
Invoice Terms PR
Accounts
Payable
Cr.
Purchases
Dr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Nov. 1 Office Equip./Brun Supply......................11/1 n/10, EOM 163/5,058 5,058
4 BLR Industries......................................11/3 2/10, n/30 33,500 33,500
(201) (505) (124) ()
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
18 Cyd Rounder..........................................Invoice, 11/8...........................................................................
6,419 131 6,550
(101) (415) (106) (413) ()
CASH DISBURSEMENTS JOURNAL Page 2
Date
Ck.
No. Payee Account Debited PR
Cash
Cr.
Purchase
s
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)
GENERAL JOURNAL Page 2
Nov. 17 Accounts Payable—Lo Co.................................201/557
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
Nov. 1 40,000
Office Supplies Acct. No. 124
Date Explanation PR Debit Credit Balance
Store Supplies Acct. No. 125
Date Explanation PR Debit Credit Balance
Nov. 5 P2 1,040 1,040
Office Equipment Acct. No. 163
Date Explanation PR Debit Credit Balance
Nov. 1 P2 5,058 5,058
26 G2 922 4,136
Accounts Payable Acct. No. 201
Date Explanation PR Debit Credit Balance
Long-Term Notes Payable Acct. No. 251
Date Explanation PR Debit Credit Balance
Nov. 2 R2 88,500 88,500
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
Nov. 30 R2 506 506
Purchases Acct. No. 505
Date Explanation PR Debit Credit Balance
Purchases Returns and Allowances Acct. No. 506
Date Explanation PR Debit Credit Balance
Nov. 17 G2 557 557
Purchases Discounts Acct. No. 507
Date Explanation PR Debit Credit Balance
Nov. 30 D2 710 710
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
Nov. 8 S2 6,550 6,550
18 R2 6,550 0
Tori Tripp
Date Explanation PR Debit Credit Balance
ACCOUNTS PAYABLE LEDGER
BLR Industries
Date Explanation PR Debit Credit Balance
Nov. 4 P2 33,500 33,500
12 D2 33,500 0
Brun Supply
Date Explanation PR Debit Credit Balance
Nov. 1 P2 5,058 5,058
26 G2 922 4,136
Grebe Company
Date Explanation PR Debit Credit Balance
Nov. 5 P2 1,040 1,040
16 P2 459 1,499
Lo Company
Date Explanation PR Debit Credit Balance
Nov. 11 P2 2,557 2,557
17 G2 557 2,000
19 D2 2,000 0
GRASSLEY COMPANY
Trial Balance
November 30
Debit Credit
Cash............................................................ $100,207
Accounts receivable.................................. 7,975
Inventory..................................................... 40,000
Office supplies........................................... 459
GRASSLEY COMPANY
Schedule of Accounts Payable
November 30
Brun Supply........................................................$4,136
