Ex. F–1
2. Subsidiary ledger accounts: (a), (b), (c), (d)
Ex. F–2
a. Cash receipts journal f. Cash receipts journal
b. General journal g. General journal
Ex. F–3
a. General journal f. General journal
b. Cash payments journal g. Purchases journal
Ex. F–4
Apr. 3. Provided service on account; posted from revenue journal page 44.
6. Granted an invoice adjustment or corrected an error related to sale of
APPENDIX F
SPECIAL JOURNALS AND SUBSIDIARY LEDGERS
EXERCISES
APPENDIX F Special Journals and Subsidiary Ledgers
Ex. F–5
1. General ledger account: (b), (f), (h), (j), (k), (l)
3. No posting required: (m)
Ex. F–6
2. Subsidiary ledger account: (b), (d), (h)
Ex. F–7
May 6. Purchased services, supplies, equipment, or other commodities on
account; posted from purchases journal page 44.
14. Received an invoice adjustment or corrected an error related to
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–1
1. and 2.
Page
1
May 21 1 J. Dunlop
22 2 K. Tisdale
24 3 T. Patrick
Page
1
Debit Credit
Invoice
No.
JOURNAL
Date
Description
Date
PROBLEMS
REVENUE JOURNAL
Account Debited
Post.
Ref.
Post.
Ref.
90
Accounts Rec. Dr.
Fees Earned Cr.
320
75
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–1 (Continued)
Post.
Item Ref. Debit Credit Balance
May 30 R1 145 145
Post.
Item Ref. Debit Credit Balance
May 21 R1 90 90
D. Chase
Name:
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: J. Dunlop
Date
Date
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–1 (Concluded)
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
May 31 R1 1,020 1,020
4. The computerized system is much more efficient. Each sales transaction
would be entered into an electronic invoice form. The postings to the accounts
receivable subsidiary and fees earned ledgers would be automatic. Also, all
GENERAL LEDGER
Date
Balance
Accounts Receivable
Account:
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–2
1. and 5.
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
Sept. 1 Balance 11,350
30 CR36 33,650 45,000
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
Sept. 1 Balance 14,340
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
Sept. 30 R40 24,350 24,350
GENERAL LEDGER
Account: Fees Earned
Balance
Date
Balance
Accounts Receivable
Account:
Account: Cash
Balance
Date
Date
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–2 (Continued)
2. and 4.
Post.
Item Ref. Debit Credit Balance
Sept. 1 Balance 8,230
5 CR36 8,230 —
Post.
Item Ref. Debit Credit Balance
Sept. 2 R40 5,200 5,200
Post.
Item Ref. Debit Credit Balance
Date
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Nickle Co.
Name: Shilo Co.
Date
Date
Mendez Co.
Name:
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–2 (Continued)
3., 4., and 5.
Page
40
2 793 Nickle Co.
6 794 Rahal Co.
Page
36
5 Mendez Co. 8,230
15 Rahal Co. 6,110
Page
1
25 Notes Receivable 14
2,500
JOURNAL
Post.
Ref.
Date Credit
Debit
Cash
Dr.
Accts.
Rec.
Cr.
Fees
Earned
Cr.
Sept.
Description
Sept.
Date
Post.
Ref.
5,200
Accounts Rec. Dr.
Fees Earned Cr.
Invoice
No.
CASH RECEIPTS JOURNAL
Sept.
REVENUE JOURNAL
Account Debited
2,140
Date
Post.
Ref.
Account Credited
8,230
6,110
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–2 (Concluded)
6. The sum of the customer balances is in agreement with the controlling account.
Both have balances of $14,510 ($7,590 + $6,000 + $920).
7. In an automated system, individual sales transactions are posted automatically
to the general ledger at the time of the original transaction. Thus, there is no
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–3
1. and 4.
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
Oct. 1 Balance 5,920
31 P30 11,930 17,850
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
Oct. 1 Balance 750
GENERAL LEDGER
Date
Balance
Office Supplies
Account:
Account: Field Supplies
Balance
Date
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–3 (Continued)
2. and 3.
Post.
Item Ref. Debit Credit Balance
Oct. 1 Balance 390
9 P30 320 710
29 P30 310 1,020
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
Executive Office Supply Co.
Name:
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Name: Meade Co.
Name: Peach Computers Co.
Date
Date
Date
APPENDIX F Special Journals and Subsidiary Ledgers
Prob. F–3 (Concluded)
3. and 4.
Page 30
Oct. 2 400 400
53,980 Office Equipment 18 3,980
Accounts
Payable
Cr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref.
Amount
Date
PURCHASES JOURNAL
Field
Supplies
Dr.
Account Credited
Meade Co.
Peach Computers Co.
Post.
Ref.