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Comprehensive Problem, cont.
Requirements 2 and 3
Sales Journal Page 4
Invoice
Customer
Post.
Accounts Receivable
DR
Cost of Goods Sold
DR
Sales Revenue
Merchandise Inventory
Comprehensive Problem, cont.
Requirements 2 and 3, cont.
Cash Receipts Journal Page 11
Date Account Credited
Post
.
Ref.
Cash
DR
Accounts
Receivabl
e
CR
Sales
Revenu
e
CR
Other
Account
s
CR
Cost of
Goods Sold
DR
Merchandise
Inventory
CR
Comprehensive Problem, cont.
Requirements 2 and 3, cont.
Purchases Journal Page 8
Date
Vendor
Account Credited Terms
Post.
Ref.
Account
s
Payable
CR
Merchandis
e
Inventory
DR
Office
Supplies
DR
Other Accounts DR
Account
Title
Post.
Ref. Amount
Comprehensive Problem, cont.
Requirements 2 and 3, cont.
Cash Payments Journal
Page
5
Date
Ck
.
No. Account Debited
Post
.
Ref.
Other
Account
s
DR
Account
s
Payable
DR
Merchandise
Inventory
CR
Cash
CR
Comprehensive Problem, cont.
Requirements 2 and 3, cont.
Requirement 4
AMHERST NETWORKING SYSTEMS
Unadjusted Trial Balance
August 31
Acct. No. Account Name Debit Credit
101 Cash $ 3,779
102 Accounts Receivable 26,795
105 Merchandise Inventory 47,035
109 Office Supplies 2,650
Comprehensive Problem, cont.
Requirement 4, cont.
Accounts Receivable Subsidiary Ledger
Customer Balance
Friend Co. $ 9,000
R. T. Loeb 0
Parker Inc. 11,300
K. D. Sanders 6,495
Total $26,795
Comprehensive Problem, cont.
Requirement 5
General Journal Page 9
Date Accounts and Explanation
Post.
Ref.
Debit Credit
Aug. 31(a) Supplies Expense 519 1,650
Comprehensive Problem, cont.
Requirement 6
AMHERST NETWORKING SYSTEMS
Adjusted Trial Balance
August 31
Account Name Debit Credit
Cash $ 3,779
Accounts Receivable 26,795
Merchandise Inventory 47,035
Office Supplies 1,000
Comprehensive Problem, cont.
Requirement 7
AMHERST NETWORKING SYSTEMS
Income Statement
For the Month Ended August 31
Net Sales Revenue $ 12,170
Cost of Goods Sold (3,651)
