Column Title
Debit
Totals
Credit
Totals
General Debit …………………………….
General Credit ……………………………
Accounts Receivable Credit ………………….
Sales Credit ………………………………
2.
Cash on hand at the beginning of the month
(Nov. 1 balance of general ledger Cash account) ………………..
Plus total cash received during the month
(Cash Debit column total, cash receipts journal) ………………..
Equal total………………………………………………
3.
Name Date Class
10-4 APPLICATION PROBLEMS (concluded)
6.
$ 6,059.44
9,295.00
$16,489.36
15,867.62
Health Fashions
Schedule of Accounts Receivable
November 30, 20–
Central Medical Clinic 4 4 2 6 56
Fairview Hospital 6 2 8 3 07
10-M MASTERY PROBLEM (LO2, 3, 4, 5, 6, 7), p. 314
Journalizing sales and cash receipts transactions
1., 2., 3.
SALES JOURNAL PAGE
123
DATE ACCOUNT DEBITED SALE.
NO.
POST.
REF.
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
1
1
5 5
6 6
2.
Column Title
Debit
Totals
Credit
Totals
Accounts Receivable Debit …………………..
Sales Credit ………………………………
20—
Mar. 3Trailor Stores 321 150 3 4 7 5 36 3 2 4 8 00 2 2 7 36
3
$4,910.36
$4,683.00
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Name Date Class
10-M MASTERY PROBLEM (continued)
CASH RECEIPTS JOURNAL PAGE
1 2 3 4 5 6 7
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF.
GENERAL ACCOUNTS
RECEIVABLE
CREDIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
SALES
DISCOUNT
DEBIT
CASH
DEBIT
DEBIT CREDIT
1
1
2 2
1., 4., 6., 7.
Column Title
Debit
Totals
Credit
Totals
General Debit …………………………….
General Credit ……………………………
Accounts Receivable Credit ………………….
Sales Credit ………………………………
4.
20—
Mar. 4 Jenkins & Sanders LLP R348 120 9 4 5 00 9 4 5 00
5✔TS6 ✔1 4 8 5 00 9 2 14 1 5 7 7 14
3
$6,635.00
2,505.50
23148_ch10_hr_239-270.indd 257 1/18/18 1:20 AM
10-M MASTERY PROBLEM (continued)
1. ACCOUNTS RECEIVABLE LEDGER
CUSTOMER Daniel Smith Promotions CUSTOMER NO. 110
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Mar. 1 Balance ✔3 1 1 5 08
Cash on hand at the beginning of the month
(Mar. 1 balance of general ledger Cash account) ………………..
Plus total cash received during the month
(Cash Debit column total, cash receipts journal) ………………..
5.
CUSTOMER Luxury Suites CUSTOMER NO. 130
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Mar. 1 Balance ✔4 2 1 9 00
CUSTOMER Trailor Stores CUSTOMER NO. 150
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
12 CR3 1 4 7 1 00 1 6 4 4 08
9 CR3 4 2 1 9 00
20–
Mar. 3 S3 3 4 7 5 36 3 4 7 5 36
$ 6,544.15
9,212.85
Name Date Class
10-M MASTERY PROBLEM (continued)
3., 7.
ACCOUNT Cash ACCOUNT NO. 1110
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
Mar. 1 Balance ✔6 5 4 4 15
31 CP3 4 1 7 4 46 2 3 6 9 69
ACCOUNT Sales Tax Payable ACCOUNT NO. 2120
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
Mar. 1 Balance ✔4 8 9 18
ACCOUNT Sales Discount ACCOUNT NO. 4120
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
20–
Mar. 1 Balance ✔1 9 4 03
31 CR3 9 2 1 2 85 11 5 8 2 54
31 S3 2 2 7 36 7 1 6 54
31 CR3 1 5 6 73 8 7 3 27
31 CR3 8 4 38 2 7 8 41
10-M MASTERY PROBLEM (concluded)
8.
University Designs
Schedule of Accounts Receivable
March 31, 20–
Daniel Smith Promotions 1 6 4 4 08
Jenkins & Sanders LLP 9 0 4 00
Luxury Suites 0 00
Mary Ann Ingram
Golfer’s Paradise RECEIPT
142 Glade Road
Crossville, TN 38555-8102
FROM:
DATE: 11/13/- –
RECEIPT NO.: 528
PAYMENT METHOD CHECK NO. CUSTOMER ACCT. NO. RECEIVED BY
Check 5326 150 Tom Andrews
Golfer’s Paradise RECEIPT
142 Glade Road
Crossville, TN 38555-8102
FROM:
DATE: 11/24/- –
RECEIPT NO.: 529
PAYMENT METHOD CHECK NO. CUSTOMER ACCT. NO. RECEIVED BY
Check 481 110 Sally Richards
Adams Driving Range
Name Date Class
10-S SOURCE DOCUMENTS PROBLEM (LO2, 3, 4, 5, 6), p. 315
Journalizing sales and cash receipts transactions; proving and ruling journals
10-S SOURCE DOCUMENTS PROBLEM (continued)
Golfer’s Paradise INVOICE
142 Glade Road
Crossville, TN 38555-8102
SOLD TO:
DATE: 11/5/- –
INV. NO.: 443
TERMS: n/30
CUST. NO.: 260
QUANTITY PART NO. DESCRIPTION UNIT PRICE TOTAL
1 2432 9 degree titanium driver $439.50 $439.50
5745 Practice golf balls, dz. 10.00 50.00
SUBTOTAL $489.50
TAX 36.71
TOTAL $526.21
serving crossville and faireld Glade with all your recreational equipment
Daniel Pearson
2345 Lakeview Drive
Crossville, TN 38555-5819
Chapter 10 Accounting for Sales and Cash Receipts • 263
Name Date Class
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
10-S SOURCE DOCUMENTS PROBLEM (continued)
Golfer’s Paradise INVOICE
142 Glade Road
Crossville, TN 38555-8102
SOLD TO:
DATE: 11/26/- –
INV. NO.: 445
TERMS: 2/10, n/30
CUST. NO.: 490
Mountain View Golf
1001 Lakeview Drive
Crossville, TN 38555-5819
1., 2.
SALES JOURNAL PAGE
123
DATE ACCOUNT DEBITED SALE.
NO.
POST.
REF.
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
1 1
2 2
20—
Nov. 5Daniel Pearson 443 5 2 6 21 4 8 9 50 3 6 71
16 Adams Driving Range 444 4 3 5 91 4 0 5 50 3 0 41
11
23148_ch10_hr_239-270.indd 263 1/18/18 1:20 AM
10-S SOURCE DOCUMENTS PROBLEM (continued)
BATCH REPORT
MERCHANT: 498418 145
TERMINAL: 1548
DATE: 11/4/- – 18:34
BATCH: 36
VISA
COUNT 028
SALES 1,704.04
RETURNS 62.15
NET 1,641.89
MASTERCARD
COUNT 031
SALES 2,651.45
TERMINAL SUMMARY
Golfer’s Paradise
CODE: 36
DATE: 11/4/- –
TIME: 18:34
VISA 028
Sales 1,548.95
Sales Tax 92.94
Total 1,641.89
MasterCard 031
Sales 2,458.08
Sales Tax 147.48
Total 2,605.56
10-S SOURCE DOCUMENTS PROBLEM (continued)
BATCH REPORT
MERCHANT: 498418 145
TERMINAL: 1548
DATE: 11/23/- – 18:48
BATCH: 37
VISA
COUNT 033
SALES 1,809.25
RETURNS 62.15
NET 1,747.10
MASTERCARD
COUNT 025
SALES 1,607.47
TERMINAL SUMMARY
Golfer’s Paradise
CODE: 37
DATE: 11/23/- –
TIME: 18:34
VISA 033
Sales 1,648.21
Sales Tax 98.89
Total 1,747.10
MasterCard 025
Sales 1,473.19
Sales Tax 88.39
Total 1,561.58
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CASH RECEIPTS JOURNAL PAGE
1234567
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF.
GENERAL ACCOUNTS
RECEIVABLE
CREDIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
SALES
DISCOUNT
DEBIT
CASH
DEBIT
DEBIT CREDIT
1 1
2 2
3 3
1., 3.
TE
20—
Nov. 4TS36 ✔9 1 0 8 80 5 4 6 53 9 6 5 5 33
13 Mary Ann Ingram R528 1 5 0 00 1 5 0 00
23 TS37 ✔7 4 6 7 77 4 4 8 06 7 9 1 5 83
13
23148_ch10_hr_239-270.indd 266 1/18/18 1:20 AM
Name Date Class
10-C CHALLENGE PROBLEM (LO2, 3, 4, 5, 6), p. 316
Journalizing sales and cash receipts transactions
1., 2.
SALES JOURNAL PAGE
123
DATE ACCOUNT DEBITED SALE.
NO.
POST.
REF.
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
1
1
2 2
3 3
2.
Debit Credit
Column Title Totals Totals
Accounts Receivable Debit ………………….
Sales Credit …………………………..
20—
Dec. 1Andersen & Smith LLP 898 110 3 4 4 2 88 3 2 4 8 00 1 9 4 88
4 Olsen Manufacturing 899 140 6 6 4 82 6 2 7 19 3 7 63
14 Jenson College 900 120 1 4 3 6 00 1 4 3 6 00
$9,515.72
$9,058.38
12
268 • Working Papers
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CASH RECEIPTS JOURNAL PAGE
12345 67
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF.
GENERAL ACCOUNTS
RECEIVABLE
CREDIT
SALES
CREDIT
SALES TAX
PAYABLE
DEBIT
SALES TAX
PAYABLE
CREDIT
SALES
DISCOUNT
DEBIT
CASH
DEBIT
DEBIT CREDIT
1 1
2 2
3 3
1., 2.
2.
10-C CHALLENGE PROBLEM (continued)
Column Title
Debit
Totals
Credit
Totals
General Debit …………………………….
General Credit ……………………………
Accounts Receivable Credit ………………….
TE
20—
Dec. 2Andersen & Smith LLP 948 110 1 5 8 6 80 1 80 2 9 94 1 5 5 4 06
5 Jenson College 949 120 3 0 0 7 93 6 0 16 2 9 4 7 77
6Randle Distribution Centers 950 150 3 0 6 1 22 3 70 6 1 61 3 2 0 0 00
12
$20,295.66
23148_ch10_hr_239-270.indd 268 1/18/18 1:20 AM
Name Date Class
1. ACCOUNTS RECEIVABLE LEDGER
CUSTOMER Andersen & Smith LLP CUSTOMER NO. 110
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Nov. 1 Balance ✔4 2 0 9 40
12 CR11 2 8 1 9 41 1 3 8 9 99
20 CR11 1 3 8 9 99
23 S893 S11 1 5 8 6 80 1 5 8 6 80
CUSTOMER Northern Regional Airlines CUSTOMER NO. 130
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Nov. 1 Balance ✔3 4 8 1 47
22 S896 S11 6 1 8 4 02 9 6 6 5 49
30 CR11 3 4 8 1 47 6 1 8 4 02
10-C CHALLENGE PROBLEM (continued)
Dec. 1 S898 S12 3 4 4 2 88 5 0 2 9 68
2 CR12 1 5 8 6 80 3 4 4 2 88
10 CR12 3 4 4 2 88
Dec. 9 CR12 6 0 6 0 34 1 2 3 68
24 S902 S12 1 3 2 4 14 1 4 4 7 82
CUSTOMER Olsen Manufacturing CUSTOMER NO. 140
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Nov. 1 Balance ✔1 5 4 9 01
14 S892 S11 6 4 8 08 2 1 9 7 09
25 CR11 1 5 4 9 01 6 4 8 08
CUSTOMER Randle Distribution Centers CUSTOMER NO. 150
DATE ITEM POST.
REF. DEBIT CREDIT DEBIT
BALANCE
20–
Nov. 1 Balance ✔3 4 7 0 59
4 CR11 3 4 7 0 59
28 S895 S11 4 2 1 9 64 4 2 1 9 64
10-C CHALLENGE PROBLEM (continued)
Dec. 6 CR12 3 2 6 5 31 9 5 4 33