Appendix E – Accounting with Special Journals
Problem E-6AA (Continued)
GENERAL JOURNAL
Page 2
Mar. 17
Accounts Payable—CD Co. ………………….……….
201/✓
2,425
Purchases Returns and Allowances ………………..
506
2,425
Received a credit memo for returns.
19
Accounts Payable—Spell Supply ………………………..
201/✓
630
Office Equipment ……………………………..……………..
163
630
Received a credit memo for returns.
GENERAL LEDGER
Cash
Acct. No. 101
Date
Explanation
PR
Debit
Credit
Balance
Mar. 31
R2
178,808
178,808
31
D2
108,924
69,884
Acct. No. 106
Date
Explanation
PR
Debit
Credit
Balance
Mar. 31
51,825
31
R2
19,225
Acct. No. 124
Date
Explanation
PR
Debit
Credit
Balance
Mar. 31
Balance
Balance
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Solutions Manual, Appendix E
45
Problem E-1B (70 minutes)
Parts 1 and 2
SALES JOURNAL
Page 3
Date
Account Debited
Invoice
Number
PR
Accounts Receivable Dr.
Sales Cr.
Cost of Goods Sold Dr.
Inventory Cr.
July 5
Kim Nettle ………………………………..……………
918
✓
19,200
10,500
6
Ruth Blake ……………………………….……………
919
✓
7,500
4,300
13
Ashton Moore …………………………..
920
✓
8,550
5,230
14
Kim Nettle …………………………..…………………
921
✓
5,100
3,800
29
Ruth Blake ……………………………….……………
922
✓
17,500
10,850
30
Ashton Moore …………………………..
923
✓
16,820
9,840
31
Totals ……………………………………….……………
74,670
44,520
(106/413)
(502/119)
CASH RECEIPTS JOURNAL
Page 3
Date
Account Credited
Explanation
PR
Cash
Dr.
Sales
Discount
Dr.
Accounts
Receivable
Cr.
Sales
Cr.
Other
Accts.
Cr.
Cost of Goods
Sold Dr.
Inventory Cr.
July 15
Kim Nettle …………………………..
Sale of 7/5 …….…………………….
✓
18,816
384
19,200
15
Sales …………………..………
Cash sales …………………………..
✓
118,350
118,350
76,330
16
Ruth Blake ………….……………….
Sale of 7/6 …….…………………….
✓
7,350
150
7,500
21
L.T. Notes Pay. …………………………..
Note to bank…………………………..
251
15,000
15,000
23
Ashton Moore ……..……………………
Sale of 7/13 …..………………………
✓
8,379
171
8,550
24
Kim Nettle …………………………..
Sale of 7/14 …..………………………
✓
4,998
102
5,100
31
Sales …………………..………
Cash sales …………………………..
✓
80,244
___
_____
80,244
_____
53,855
31
Totals ………………….……….
253,137
807
40,350
198,594
15,000
130,185
(101)
(415)
(106)
(413)
(✓)
(502/119)
