PROBLEM 10A-4
Page 3
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
2
Merchandise Inventory
2
5
0
0
00
Accounts Payable, Irwin Suppliers
2
5
0
0
00
4
5
0
0
00
Sales
5
0
0
00
4
Cost of Goods Sold
3
3
0
00
Merchandise Inventory
3
3
0
00
4
Accounts Payable, Irwin Suppliers
2
3
0
00
Merchandise Inventory
2
3
0
00
10
Cash
4
8
5
00
Sales Discount
1
5
00
Accounts Receivable
5
0
0
00
11
Accounts Payable, Irwin Suppliers
2
2
7
0
00
Cash
2
2
0
1
90
Merchandise Inventory
6
8
10
14
Store Equipment
2
5
0
00
Cash
2
5
0
00
15
Merchandise Inventory
1
0
0
0
00
Cash
1
0
0
0
00
16
Cash
9
0
00
Merchandise Inventory
9
0
00
17
Merchandise Inventory
3
6
0
0
00
PROBLEM 10A-4 (CONCLUDED)
Page 4
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
18
Cash
3
3
0
0
00
Sales
3
3
0
0
00
18
Cost of Goods Sold
1
5
5
0
00
Merchandise Inventory
1
5
5
0
00
21
Merchandise Inventory
1
2
0
00
Cash
1
2
0
00
25
Merchandise Inventory
1
2
4
0
00
Accounts Payable, Boute Co.
1
2
4
0
00
26
Accounts Payable, Thompson Corp.
3
6
0
0
00
Cash
3
4
9
2
00
Merchandise Inventory
1
0
8
00
27
Sales Returns and Allowances
2
5
0
00
Cash
2
5
0
00
Cost of Goods Sold
1
1
0
00
SOLUTIONS TO B PROBLEMS
PROBLEM 10B-1
RASHEED’S SKATE SHOP
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
4
Merchandise Inventory
120
1
2
0
0
00
Accounts Payable, Newbury Co.
210/√
1
2
0
0
00
Merch. on Acct. Inv. No. 442
5
Store Equipment
5
4
0
0
00
Accounts Payable, Andover Co.
210/√
5
4
0
0
00
Eq. Purch. on Acct. Inv. No. 502
8
Merchandise Inventory
120
1
2
0
0
00
Accounts Payable, Lakeville Co.
210/√
1
2
0
0
00
Merch. on Acct. Inv. No. 401
Store Supplies
115
1
3
0
0
00
Accounts Payable, Newbury Co.
210/√
1
3
0
0
00
Supplies Bought on Acct. Inv. No. 419
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
ANDOVER CO.
ADDRESS
1 RANTOUL RD., CHARLOTTE, NC 01114
201X
Explanation
Ref.
Debit
Cr. Balance
Mar.
5
5
4
0
0
00
5
4
0
0
Date
Post
NAME
LAKEVILLE CO.
ADDRESS
2 WEST RD., LYNN, MA 01471
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Mar.
8
1
2
0
0
00
1
2
0
0
PROBLEM 10B-1 (CONTINUED)
NAME
NEWBURY CO.
ADDRESS
12 SMITH ST., DEARBORN, Ml 09113
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Mar.
4
1
2
0
0
00
1
2
0
0
14
1
3
0
0
00
2
5
0
0
PARTIAL GENERAL LEDGER
STORE SUPPLIES
ACCOUNT NO. 115
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
GJ2
1
3
0
0
00
1
3
0
0
00
MERCHANDISE INVENTORY
ACCOUNT NO. 120
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
4
GJ2
1
2
0
0
00
1
2
0
0
00
STORE EQUIPMENT
ACCOUNT NO. 130
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
5
GJ2
5
4
0
0
00
5
4
0
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 210
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
4
GJ2
1
2
0
0
00
1
2
0
0
00
5
GJ2
5
4
0
0
00
6
6
0
0
00
8
GJ2
1
2
0
0
00
7
8
0
0
00
GJ2
1
3
0
0
00
9
1
0
0
00
PROBLEM 10B-2
(1)
TRINA’S NATURAL FOOD
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Oct.
8
Merchandise Inventory
115
6
5
0
00
Accounts Payable, Antion Co.
210/√
6
5
0
00
Merch. on Acct. Inv. No. 400
10
Merchandise Inventory
1
2
5
0
00
Accounts Payable, Block Co.
210/√
1
2
5
0
00
Merch. on Acct. Inv. No. 420
12
Store Supplies
7
0
0
00
Accounts Payable, Midden Co.
210/√
7
0
0
00
Supplies on Acct. Inv. No. 510
14
Accounts Payable, Antion Co.
210/√
5
0
0
00
Merchandise Inventory
115
5
0
0
00
Issued Debit Memo #8
17
Office Equipment
6
2
0
00
Accounts Payable, Rex Co.
210/√
2
0
00
Equip. on Acct. Inv. No, 810
24
Store Supplies
4
0
0
00
Accounts Payable, Midden Co.
210/√
4
0
0
00
Supplies on Acct. Inv. No. 516
(2)
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
ANTION CO.
ADDRESS
11 LYNNWAYAVE., NEWPORT, RI 03112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Oct.
1
Balance
4
5
0
00
8
6
5
0
00
1
1
0
0
00
14
5
0
0
00
6
0
0
00
PROBLEM 10B-2 (CONTINUED)
NAME
BLOCK CO.
ADDRESS
21 RIVER ST., ANAHEIM, CA 43110
201X
Explanation
Ref.
Debit
Credit
Cr. Balance
Oct.
1
Balance
√
5
0
0
00
1
2
5
0
1
7
5
0
00
Date
Post
NAME
MIDDEN CO.
ADDRESS
10 ASTER RD., DUBUQUE, IA 80021
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Oct.
1
Balance
√
1
1
5
0
00
7
0
0
1
8
5
0
00
4
0
0
2
2
5
0
00
NAME
REX CO.
ADDRESS
22 GERALD RD., SMITH, CO 43138
201X
Explanation
Ref.
Debit
Credit
Cr. Balance
Oct.
1
Balance
√
2
5
0
00
6
2
0
8
7
0
00
Date
Post
PARTIAL GENERAL LEDGER
STORE SUPPLIES
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ2
7
0
0
7
0
0
GJ2
4
0
0
1
1
0
0
PROBLEM 10B-2 (CONTINUED)
MERCHANDISE INVENTORY
ACCOUNT NO. 115
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
1
Balance
√
18
0
0
0
00
8
GJ2
6
5
0
00
18
6
5
0
00
10
GJ2
1
2
5
0
00
19
9
0
0
00
14
GJ2
5
0
0
00
19
4
0
0
00
OFFICE EQUIPMENT
ACCOUNT NO. 120
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
17
GJ2
6
2
0
00
6
2
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 210
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Oct.
1
Balance
√
2
3
5
0
00
8
GJ2
6
5
0
00
3
0
0
0
00
10
GJ2
1
2
5
0
00
4
2
5
0
00
12
GJ2
7
0
0
00
4
9
5
0
00
14
GJ2
5
0
0
00
4
4
5
0
00
17
GJ2
6
2
0
00
5
0
7
0
00
GJ2
4
0
0
00
5
4
7
0
00
(3)
TRINA’S NATURAL FOOD
SCHEDULE OF ACCOUNTS PAYABLE
OCTOBER 31, 201X
Antion Co.
$
6
0
0
00
2
5
0
8
7
0
4
7
0
00
PROBLEM 10B-3
(1)
WENDY JOHNSON
GENERAL JOURNAL
PAGE 5
Date
201X
Account Titles and Description
PR
Dr.
Cr.
1
Accounts Payable, Hack Co.
210/√
7
0
0
00
110
6
5
1
00
Merchandise Inventory
120
4
9
00
3
Delivery Truck
150
7
5
0
0
00
Cash
110
7
5
0
0
00
Purchased Delivery Truck
6
Merchandise Inventory
120
2
7
0
0
00
Cash
110
2
7
0
0
00
Purchased Computer Merch. for Cash
18
Merchandise Inventory
120
6
0
0
00
Cash
110
6
0
0
00
Purchased Computer Merch. for Cash
24
Accounts Payable, Xydias Co.
210/√
1
0
0
0
00
Merchandise Inventory
120
7
0
00
Cash
110
9
3
0
00
Paid Xydias Co.
28
Rent Expense
610
1
6
0
0
00
Cash
110
1
6
0
0
00
Paid Rent Expense
29
Utilities Expense
620
3
6
0
00
Cash
110
3
6
0
00
210/√
4
2
5
00
110
4
2
5
00
PROBLEM 10B-3 (CONTINUED)
(2)
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
ANDERSEN CO.
ADDRESS
1 REACH RD., IPSWICH, MA 01932
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
1
1
0
0
NAME
HACK CO.
ADDRESS
1 RALPH RD., REVERE, MA 01321
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
1
1
4
0
1
7
7
0
NAME
SOIL CO.
ADDRESS
7 PLYMOUTH AVE., GLENN, NH 01218
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
8
5
0
GJ5
4
2
5
4
2
5
NAME
XYDIAS CO.
ADDRESS
22 REY RD., BOCA RATON, FL 99132
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
1
1
0
0
1
0
PROBLEM 10B-3 (CONTINUED)
PARTIAL GENERAL LEDGER
CASH
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
Balance
20
0
0
0
00
1
GJ5
6
5
1
00
19
3
4
9
00
3
GJ5
7
5
0
0
00
11
8
4
9
00
6
GJ5
2
7
0
0
00
9
1
4
9
00
GJ5
6
0
0
00
8
5
4
9
00
GJ5
9
3
0
00
7
6
1
9
00
GJ5
1
6
0
0
00
6
0
1
9
00
GJ5
3
6
0
00
5
6
5
9
00
GJ5
4
2
5
00
5
2
3
4
00
MERCHANDISE INVENTORY
ACCOUNT NO. 120
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
5
0
0
0
00
1
GJ5
4
9
00
4
9
5
1
00
6
GJ5
2
7
0
0
00
7
6
5
1
00
GJ5
6
0
0
00
8
2
5
1
00
GJ5
7
0
00
8
1
8
1
00
Date
Post
Balance
DELIVERY TRUCK
ACCOUNT NO. 150
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
3
GJ5
7
5
0
0
00
7
5
0
0
00
ACCOUNTS PAYABLE
ACCOUNT NO. 210
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
Balance
4
3
0
0
00
1
GJ5
7
0
0
00
3
6
0
0
00
GJ5
1
0
0
0
00
2
6
0
0
00
GJ5
4
2
5
00
2
1
7
5
00
PROBLEM 10B-3 (CONCLUDED)
RENT EXPENSE
ACCOUNT NO. 610
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ5
1
1
UTILITIES EXPENSE
ACCOUNT NO. 620
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ5
(3)
JOHNSON COMPUTER CENTER
SCHEDULE OF ACCOUNTS PAYABLE
MAY 31, 201X
Andersen Co.
$1
0
5
0
00
1
7
5
00
PROBLEM 10B-4
PAGE 3
Date
201X
Account Titles and Description
PR
Dr.
Cr.
2
Merchandise Inventory
3
5
0
0
00
Accounts Payable, Beech Suppliers
3
5
0
0
00
4
Accounts Receivable
5
2
0
00
Sales
5
2
0
00
4
Cost of Goods Sold
2
6
0
00
Merchandise Inventory
2
6
0
00
4
Accounts Payable, Beech Suppliers
1
6
0
00
Merchandise Inventory
1
6
0
00
10
Cash
5
0
9
60
Sales Discount
1
0
40
Accounts Receivable
5
2
0
00
Accounts Payable, Beech Suppliers
3
3
4
0
00
Cash
3
2
3
Merchandise Inventory
6
6
Store Equipment
2
9
0
00
Cash
2
9
0
00
Merchandise Inventory
1
7
0
0
00
Cash
1
7
0
0
00
Cash
8
0
00
Merchandise Inventory
8
0
00
Merchandise Inventory
3
7
0
0
00
Accounts Payable, Tustin Corp.
3
7
0
0
00
PROBLEM 10B-4 (CONCLUDED)
PAGE 4
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Apr.
18
Cash
2
7
0
0
00
Sales
2
7
0
0
00
18
Cost of Goods Sold
1
6
5
0
00
Merchandise Inventory
1
6
5
0
00
21
Merchandise Inventory
1
3
0
00
1
3
0
00
Cash
25
Merchandise Inventory
1
0
4
0
00
Accounts Payable, Oak Co.
1
0
4
0
00
26
Accounts Payable, Tustin Corp.
3
7
0
0
00
Cash
3
6
2
6
00
Merchandise Inventory
7
4
00
27
Sales Returns and Allowances
1
9
0
00
Cash
1
9
0
00
27
Merchandise Inventory
1
0
0
00
Cost of Goods Sold
1
0
0
00
Financial Report Problem
Reading Amazon’s Annual Report
Page 39 of Amazon’s 2016 Annual report shows the following
KEEPING IT REAL: Suarez Computer Center
(1)
Suarez Computer Center
General Journal
Page 7
Date
201X
Account Titles and Description
PR
Debit
Credit
Feb
1
Prepaid Rent
1025
Cash
1000
Rent Paid in Advance
4
Merchandise Inventory
1021
480.00
Accounts Payable, A-Tech
2000√
480.00
Purchased Merch. On Account PO 4010
8
Supplies
1030
Accounts Payable, The Staple Store
2000√
Purchased Supplies on Account
9
Merchandise Inventory
1021
Accounts Payable, Computers R Us
2000√
Purchased Merch. On Acct. PO 4012
15
Accounts Payable, A-Tech
2000√
480.00
Cash
1000
480.00
Paid A-Tech
Accounts Payable, Computers R Us
2000√
150.00
Merchandise Inventory
1021
Issued Debit Memo #10
Supplies
1030
Cash
1000
Purchased Supplies
(2)
GENERAL LEDGER
Cash
Account No. 1000
Balance
Date
Post
201X
Explanation
Ref.
Debit
Credit
Debit
Credit
Feb
Balance Forward
Merchandise Inventory
Account No. 1021
Balance
Post
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Feb.
Balance Forward
Prepaid Rent
Account No. 1025
Balance
Post
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Balance Forward
Supplies
Account No. 1030
Balance
Post
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Balance Forward
Accounts Payable
Account No. 2000
Balance
Post
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
Balance Forward
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
A-Tech, Inc.
ACCOUNT NO. 100
ADDRESS
1919 Moran Street, Anaheim, CA 92606
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Feb
4
4
8
4
8
0
00
0
NAME
Computers R Us
ACCOUNT NO. 101
ADDRESS
1120 Wil Lane, Los Angeles, CA 92405
Date
201X
Cr. Balance
Feb.
9
GJ7
4
5
0
00
4
5
0
00
1
3
0
0
NAME
Hardware Haven
ACCOUNT NO. 102
ADDRESS
1100 Haven Street, Los Angeles, CA 92405
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
1
6
7
5
NAME
Nuts and Bolts
ACCOUNT NO. 103
ADDRESS
1000 Wil Lane, Los Angeles, CA 92405
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
1
Balance forward
4
5
0
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME
Pacific Bell
ACCOUNT NO. 104
ADDRESS
101 Bel Ave., San Diego, CA 92101
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
Balance forward
1
5
NAME
San Diego Electric
ACCOUNT NO. 105
ADDRESS
606 Industrial Street, San Diego, CA 92101
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
NAME
System Design Furniture
ACCOUNT NO. 106
ADDRESS
600 Industrial Street, San Diego, CA 92101
201X
Explanation
Ref.
Debit
Credit
Cr. Balance
1
1
5
0
0
Date
Post
NAME
The Staple Store
ACCOUNT NO. 107
ADDRESS
460 Escondido Blvd., Escondido, CA 92025
Date
201X
Explanation
Post
Ref.
Debit
Credit
Cr. Balance
8
3
3
0
0
3.
Suarez Computer Center
Schedule of Accounts Payable
2/28/201X
Computers R Us
$300
Hardware Haven
675
Nuts and Bolts
450
Pacific Bell
155
San Diego Electric
System Design Furniture
The Staple Store
TOTAL Accounts Payable