Student Name:
Class:
Page 2
CHURCH COMPANY
Sales Journal
COGS
Inv.
Acct. Rec. Debit
Debit
Date No. PR Sales Cr. Inv. Credit
Mar. 2 854 √16,800 8,400
3855 √10,200 5,800
10 856 √5,600 2,900
27 857 √14,910 7,220
28 858 √4,315 3,280
31 51,825 27,600
Correct! Correct!
Page 2
Accounts Office Other
Inv. Payable Inventory Supplies Accounts
Date Date Terms PR Credit Debit Debit Debit
Mar. 1 3/1 2/15, n/30 √43,600 43,600
3 3/3 n/10, EOM √1,230 1,230
9 3/9 n/10, EOM 163/√ 21,850 21,850
14 3/13 2/10, n/30 √32,625 32,625
Store Supplies/Gabel Co.
Totals
Sales Accounts Other COGS
Cash Discount Receivable Sales Accounts Debit
Date Explanation PR Debit Debit Credit Credit Credit Inv. Credit
Mar. 6 Note to bank 251 82,000 82,000
12 Invoice, 3/2 √16,464 336 16,800
13 Invoice, 3/3 √9,996 204 10,200
CHURCH COMPANY
Jovita Albany
The CD Company
Totals
CHURCH COMPANY
Cash Receipts Journal
CHURCH COMPANY
Purchases Journal
Account Debited
Total
Linda Witt
Jovita Albany
Jovita Albany
Linda Witt
Min Cho
Van Industries
Gabel Company
Office Equip./Spell Supply
The CD Company
L.T. Notes Pay
Min Cho
Linda Witt
Problem E-03A
McGraw-Hill/Irwin
Instructor
Account Credited
Account
Student Name:
Class:
Problem E-03A
McGraw-Hill/Irwin
Instructor
Page 2
Date Description PR Debit Credit
Mar. 17 201/√ 2,425
119 2,425 «- Correct!
19 201/√ 630
163 630 «- Correct!
Account No. 101
Mar. 31 R2 178,808 178,808
31 D2 108,924 69,884 «- Correct!
Account No. 106
Date Explanation PR Debit Credit Balance
Mar. 31 S2 51,825 51,825
31 R2 32,600 19,225 «- Correct!
Account No. 119
Date Explanation PR Debit Credit Balance
31 R2 37,030 17,694 «- Correct!
Account No. 124
Date Explanation PR Debit Credit Balance
Mar. 31 P2 1,230 1,230 «- Correct!
Account No. 125
Account No. 163
Date Explanation PR Debit Credit Balance
Mar. 9 P2 21,850 21,850
19 G2 630 21,220 «- Correct!
Account No. 201
General Journal
CHURCH COMPANY
General Ledger
CHURCH COMPANY
Office Equipment
Accounts Payable-Spell Supply
Inventory
Accounts Payable-The CD Co.
Office Equipment
Cash
Accounts Payable
Store Supplies
Office Supplies
Inventory
Accounts Receivable
Student Name:
Class:
Problem E-03A
McGraw-Hill/Irwin
Instructor
Account No. 251
Date Explanation PR Debit Credit Balance
Mar. 6 R2 82,000 82,000 «- Correct!
Account No. 307
Date Explanation PR Debit Credit Balance
Mar. 1 3,000 «- Correct!
Account No. 318
Date Explanation PR Debit Credit Balance
Mar. 1 7,000 «- Correct!
Account No. 413
Date Explanation PR Debit Credit Balance
Mar. 31 S2 51,825 51,825
Account No. 621
Date Explanation PR Debit Credit Balance
Mar. 15 D2 18,300 18,300
31 D2 18,300 36,600 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 2 S2 16,800 16,800
12 R2 16,800 0 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 3 S2 10,200 10,200
13 R2 10,200 0
28 S2 4,315 4,315 «- Correct!
Cost of Goods Sold
Sales Discounts
Linda Witt
Min Cho
Retained Earnings
Sales Salaries Expense
Sales
Common Stock
Long-Term Notes Payable
Student Name:
Class:
Problem E-03A
McGraw-Hill/Irwin
Instructor
Date Explanation PR Debit Credit Balance
Mar. 14 P2 32,625 32,625
17 G2 2,425 30,200
23 D2 30,200 0 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 3 P2 1,230 1,230
16 P2 1,770 3,000 «- Correct!
Date Explanation PR Debit Credit Balance
Debit Credit
69,884$
19,225
17,694
1,230
1,770
21,220
24,220$
82,000
3,000
7,000
116,685
CHURCH COMPANY
Sales discounts
Cost of goods sold
Sales salaries expense
14,910$
4,315
19,225$
Correct!
Gabel Company
Total accounts payable
March 31
CHURCH COMPANY
CHURCH COMPANY
Accounts Payable Ledger
Cash
Accounts receivable
Inventory
Office supplies
Store supplies
Office equipment
Accounts payable
Long-term notes payable
Common stock
Sales
Jovita Albany
Linda Witt
Total accounts receivable
The CD Company
Gabel Company
Spell Supply
Retained earnings
Inv. No. Check
Date Description Name or Date No. Terms Amount
Mar. 1 Mar. 1 2/15, n/30 43,600
2854 2/10, n/30 16,800
3 Mar. 3 n/10 EOM 1,230
3855 2/10, n/30 10,200
6 82,000
9 Mar. 9 n/10 EOM 21,850
10 856 2/10, n/30 5,600
12 854 2/10, n/30
13 Mar. 1 416 2/10, n/30
13 855 2/10, n/30
14 Mar. 13 2/10, n/30 32,625
15 Mar. 15 417 18,300
15 34,680
16 Mar. 16 n/10 EOM 1,770
17 2,425
19 630
20 856 2/10, n/30
23 Mar. 13 418 2/10, n/30
27 857 2/10, n/30 14,910
28 858 2/10, n/30 4,315
31 Payroll Mar. 31 419 18,300
31 30,180
10,000$
10,000$
232,905$
CHURCH COMPANY
Merchandise sold (cost $8,400)
Received merchandise and invoice
Purchased office supplies
Merchandise sold (cost $5,800)
Min Cho
Van Industries
Gabel Company
Linda Witt
Borrowed on long-term note payable
Purchased office equipment
Sold merchandise (cost $2,900)
Received payment less discount
Paid invoice less discount
Received payment less discount
Merchandise sold (cost $3,280)
Check issued for sales salaries
Cash sales for second half of month (cost $16,820)
Purchase merchandise
Check issued for sales salaries
Cash sales for first half of month (cost $20,210)
Purchased store supplies
Received credit memo on returned merchandise.
Received credit memo on returned office equipment
Federal Bank
Spell Supply
Jovita Albany
Min Cho
Van Industries
Linda Witt
Check figure:
CD Company
Payroll
Gabel Company
CD Company
Spell Supply
Received payment less discount
Paid invoice less discount and credit memo
Merchandise sold (cost $7,220)
Given Data PE-03A:
Trial balance totals
March 1 beginning balance for Z. CHURCH, Capital
March 1 beginning balance for inventory
Jovita Albany
CD Company
Jovita Albany
Linda Witt
Additional information:
Student Name:
Class:
Inv. Acct. Rec. Dr.
Date
Account Debited
No. PR Sales Cr.
Mar. 2 854 √16,800
3855 √10,200
10 856 √5,600
27 857 √14,910
28 858 √4,315
31 51,825
Correct!
Accounts Office Other
Inv. Payable Purchases Supplies Accounts
Date Account Date Terms PR Credit Debit Debit Debit
Mar. 1 3/1 2/15, n/30 √43,600 43,600
3 3/3 n/10, EOM √1,230 1,230
9 3/9 n/10, EOM 163/√ 21,850 21,850
14 3/13 2/10, n/30 √32,625 32,625
Store Supplies/Gabel Co.
Totals
Purchases Journal
CHURCH COMPANY
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Min Cho
Linda Witt
Jovita Albany
Jovita Albany
Linda Witt
Total
Sales Journal
CHURCH COMPANY
Van Industries
Gabel Company
Office Equip./Spell Supply
The CD Company
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Sales Accounts Other
Cash Discount Receivable Sales Accounts
Date Account Cr. Explanation PR Debit Debit Credit Credit Credit
Mar. 6 Note to bank 251 82,000 82,000
12 Invoice, 3/2 √16,464 336 16,800
13 Invoice, 3/3 √9,996 204 10,200
15 Cash sales √34,680 34,680
20 Invoice, 3/10 √5,488 112 5,600
Purchases Other Accts.
Check Cash Discounts Accts. Pay.
Date No. Payee PR Credit Credit Debit Debit
Mar. 13 416 Van Industries √42,728 872 43,600
15 417 Payroll 621 18,300 18,300
23 418 The CD Co. √29,596 604 30,200
31 419 Payroll 621 18,300 18,300
31 Totals 108,924 1,476 36,600 73,800
Date Description PR Debit Credit
Mar. 17 201/√ 2,425
506 2,425 «- Correct!
19 201/√ 630
163 630 «- Correct!
CHURCH COMPANY
Sales
Received a credit memo for returns.
Cash Disbursements Journal
General Journal
CHURCH COMPANY
Cash Receipts Journal
Received a credit memo for returns.
L.T. Notes Pay
Min Cho
Linda Witt
Sales
Jovita Albany
Sales Salaries Expense
The CD Company
Sales Salaries Expense
Van Industries
Debited
Account
Accounts Payable-CD Co.
Office Equipment
Accounts Payable-Spell Supply
Purchases Returns and Allowances
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Account No. 101
Date Explanation PR Debit Credit Balance
Mar. 31 R2 178,808 178,808
31 D2 108,924 69,884 «- Correct!
Account No. 106
Date Explanation PR Debit Credit Balance
Mar. 31 S2 51,825 51,825
31 R2 32,600 19,225 «- Correct!
Accounts Payable
Office Equipment
Store Supplies
Office Supplies
Inventory
General Ledger
CHURCH COMPANY
Accounts Receivable
Cash
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
19 G2 630 (3,055)
31 P2 101,075 98,020
31 D2 73,800 24,220 «- Correct!
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Account No. 251
Date Explanation PR Debit Credit Balance
Mar. 6 R2 82,000 82,000 «- Correct!
Account No. 307
Date Explanation PR Debit Credit Balance
Mar. 1 3,000 «- Correct!
Account No. 318
Date Explanation PR Debit Credit Balance
Mar. 1 7,000 «- Correct!
Account No. 413
Purchases Discounts
Purchases Returns and Allowances
Purchases
Sales Discounts
Sales
Common Stock
Long-Term Notes Payable
Retained Earnings
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Account No. 621
Date Explanation PR Debit Credit Balance
Mar. 15 D2 18,300 18,300
31 D2 18,300 36,600 «- Correct!
Sales Salaries Expense
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Date Explanation PR Debit Credit Balance
Mar. 10 S2 5,600 5,600
20 R2 5,600 0
27 S2 14,910 14,910 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 2 S2 16,800 16,800
12 R2 16,800 0 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 14 P2 32,625 32,625
17 G2 2,425 30,200
23 D2 30,200 0 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 3 P2 1,230 1,230
16 P2 1,770 3,000 «- Correct!
Accounts Receivable Ledger
CHURCH COMPANY
Accounts Payable Ledger
CHURCH COMPANY
Jovita Albany
Min Cho
The CD Company
Gabel Company
Student Name:
Class:
Instructor
McGraw-Hill/Irwin
Problem 0E-06Aa
Date Explanation PR Debit Credit Balance
Mar. 9 P2 21,850 21,850
19 G2 630 21,220 «- Correct!
Date Explanation PR Debit Credit Balance
Mar. 1 P2 43,600 43,600
13 D2 43,600 0 «- Correct!
Van Industries