PROBLEM I-6A (Continued)
P. Weng
Date
Explanation
Ref.
Debit
Credit
Balance
Jan. 5
27
P1
CP1
950
2,800
2,800
1,850
(d) BENSEN CO.
Trial Balance
January 31, 2015
Debit
Credit
Cash ……………………………………………………….
Accounts Receivable………………………………..
Notes Receivable ……………………………………..
Inventory …………………………………………………
Equipment ……………………………………………….
Accumulated Depreciation—Equipment …….
Notes Payable ………………………………………….
Accounts Payable …………………………………….
Common Stock ………………………………………..
Sales Revenue …………………………………………
Sales Returns and Allowances ………………….
Sales Discounts ……………………………………….
Cost of Goods Sold ………………………………….
Salaries and Wages Expense ……………………
Rent Expense …………………………………………..
$ 74,008
18,600
8,000
11,770
7,500
300
92
12,480
4,500
1,000
$138,250
$ 1,500
18,000
13,150
84,500
21,100
$138,250
(e) Accounts Receivable Subsidiary Ledger
M. Cedeno ……………………………………………………………… $ 2,200
PROBLEM I-6A (Continued)
Accounts Payable Subsidiary Ledger
E. Nanco ………………………………………………………………… $ 1,300
B. Forrest ………………………………………………………………. 10,000
PROBLEM I-1B
(a)
Cash Receipts Journal CR1
Date
Account
Credited
Ref.
Cash
Dr.
Sales
Discounts
Dr.
Accounts
Receivable
Cr.
Sales
Revenue
Cr.
Other
Accounts
Cr.
Cost of Goods Sold
Dr.
Merchandise Inventory
Cr.
June 1
3
6
7
9
11
15
20
Common
Stock
Meenen Co.
Gentry Co.
Edmiston & Son
Inventory
Glaimo Bros.
311
120
12,000
1,470
1,862
7,220
2,450
320
4,500
1,600
31,422
(101)
30
38
50
118
(414)
1,500
1,900
2,500
1,600
7,500
(112)
7,220
4,500
11,720
(401)
12,000
320
12,320
(X)
4,800
3,000
7,800
(505/120)
(b) General Ledger
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
June 1
30
Balance
CR1
7,500
7,500
0
Accounts Receivable Subsidiary Ledger
Edmiston & Son
Date
Explanation
Ref.
Debit
Credit
Balance
June 1
9
Balance
CR1
2,500
2,500
0
PROBLEM I-1B (Continued)
Gentry Co.
Date
Explanation
Ref.
Debit
Credit
Balance
June 1
6
Balance
CR1
1,900
1,900
0
Glaimo Bros.
Date
Explanation
Ref.
Debit
Credit
Balance
June 1
20
Balance
CR1
1,600
1,600
0
Meenen Co.
Date
Explanation
Ref.
Debit
Credit
Balance
June 1
3
Balance
CR1
1,500
1,500
0
PROBLEM I-2B
(a)
Cash Payments Journal CP1
Date
Ck.
No.
Account Debited
Ref.
Other
Accounts
Dr.
Accounts
Payable
Dr.
Merchandise
Inventory
Cr.
Cash
Cr.
Nov. 1
3
5
11
15
16
19
25
30
11
12
13
14
15
16
17
18
19
Inventory
Equipment
Vance Bros.
Inventory
K. Radaj
Cash Dividends
O. Janek
Prepaid Insurance
C. Ivey & Co.
120
157
120
332
130
1,190
1,700
2,000
500
3,000
8,390
(X)
1,500
1,000
1,200
3,500
7,200
(201)
30
30
12
00
72
(120)
1,190
1,700
1,470
2,000
970
500
1,188
3,000
3,500
15,518
(101)
(b) General Ledger
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
Nov. 1
30
Balance
CP1
7,200
9,350
2,150
Accounts Payable Subsidiary Ledger
C. Ivey & Co.
Date
Explanation
Ref.
Debit
Credit
Balance
Nov. 1
30
Balance
CP1
3,500
4,500
1,000
PROBLEM I-2B (Continued)
O. Janek
Date
Explanation
Ref.
Debit
Credit
Balance
Nov. 1
19
Balance
CP1
1,200
2,350
1,150
K. Radaj
Date
Explanation
Ref.
Debit
Credit
Balance
Nov. 1
15
Balance
CP1
1,000
1,000
0
Vance Bros.
Date
Explanation
Ref.
Debit
Credit
Balance
Nov. 1
5
Balance
CP1
1,500
1,500
0
Subsidiary account balances:
PROBLEM I-3B
(a)
Purchases Journal P1
Date
Account Credited (Debited)
Ref.
Accounts
Payable
Cr.
Inventory
Dr.
Other
Accounts
Dr.
May 2
3
8
8
15
16
16
18
25
28
Wen Company
Nyland Freight
Patek Company
Zamora Company
Santo Supply (Supplies)
Wen Company
Patek Company
Nyland Freight
Anshus Advertising (Adv. Exp.)
Santo Supply (Equipment)
126/
610/
157/
7,100
360
8,000
8,700
900
4,500
7,200
500
900
0 500
38,660
(201)
7,100
360
8,000
8,700
4,500
7,200
500
36,360
(120)
900
900
500
2,300
(X)
Sales Journal S1
Date
Account Debited
Ref.
Accounts Receivable Dr.
Sales Revenue Cr.
Cost of Goods Sold Dr.
Inventory Cr.
May 5
5
5
23
23
Eder Company
Carny Bros.
Moon Company
Carny Bros.
Moon Company
2,200
2,700
1,500
1,900
3,600
11,900
(112)(401)
1,430
1,755
975
1,235
2,340
7,735
(505)(120)
PROBLEM I-3B (Continued)
General Journal
Date
Accounts and Explanations
Ref.
Debit
Credit
May 10
Accounts Payable—Zamora
Company …………………………………
Inventory …………………………….
201/
120/
500
500
17
Accounts Payable—Santo
Supply …………………………………….
Supplies ……………………………..
201/
126
100
100
20
Accounts Payable—Wen
Company …………………………………
Inventory …………………………….
201/
120/
300
300
26
Sales Returns and Allowances …….
Accounts Receivable—
Moon Company ……………….
412/
112/
240
240
(b) General Ledger
Accounts Receivable No. 112
Date
Explanation
Ref.
Debit
Credit
Balance
May 31
26
S1
G1
11,900
240
11,900
11,660
Inventory No. 120
Date
Explanation
Ref.
Debit
Credit
Balance
May 31
10
20
31
P1
G1
G1
S1
36,360
500
300
7,735
36,360
35,860
35,560
27,825
PROBLEM I-3B (Continued)
Supplies No. 126
Date
Explanation
Ref.
Debit
Credit
Balance
May 15
17
P1
G1
900
100
900
800
Equipment No. 157
Date
Explanation
Ref.
Debit
Credit
Balance
May 28
P1
500
500
Accounts Payable No. 201
Date
Explanation
Ref.
Debit
Credit
Balance
May 31
10
17
20
P1
G1
G1
G1
500
100
300
38,660
38,660
38,160
38,060
37,760
Sales Revenue No. 401
Date
Explanation
Ref.
Debit
Credit
Balance
May 31
S1
11,900
11,900
Sales Returns and Allowances No. 412
Date
Explanation
Ref.
Debit
Credit
Balance
May 26
G1
240
240
Cost of Goods Sold No. 505
Date
Explanation
Ref.
Debit
Credit
Balance
May 31
S1
7,735
7,735
Advertising Expense No. 610
Date
Explanation
Ref.
Debit
Credit
Balance
May 25
P1
900
900
PROBLEM I-3B (Continued)
Accounts Receivable Subsidiary Ledger
Eder
Date
Explanation
Ref.
Debit
Credit
Balance
May 5
S1
2,200
2,200
Carny Bros.
Date
Explanation
Ref.
Debit
Credit
Balance
May 5
23
S1
S1
2,700
1,900
2,700
4,600
Moon Company
Date
Explanation
Ref.
Debit
Credit
Balance
May 5
23
26
S1
S1
G1
1,500
3,600
240
1,500
5,100
4,860
Accounts Payable Subsidiary Ledger
Nyland Freight
Date
Explanation
Ref.
Debit
Credit
Balance
May 3
18
P1
P1
360
500
360
860
Wen Company
Date
Explanation
Ref.
Debit
Credit
Balance
May 2
16
20
P1
P1
G1
300
7,100
4,500
7,100
11,600
11,300