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Maintenance and Repairs Expense ACCOUNT NO. 622
20xx Balance
Date Item Ref. Debit Credit Debit
Sept 21 CP9 4 3 0 4 3 0
30 J7 430 0
Supplies Expense ACCOUNT NO. 631
20xx Balance
Date Item Ref. Debit Credit Debit
Insurance Expense ACCOUNT NO. 722
GENERAL LEDGER
Advertising Expense ACCOUNT NO. 610
20xx Balance
Date Item Ref. Debit Credit Debit
Sept 14 CP9 1 2 5 1 2 5
30 J7 125 0
Depreciation Expense ACCOUNT NO. 711
20xx Balance
Date Item Ref. Debit Credit Debit
Sept 30 J6 8 2 5 8 2 5
30 J7 825 0
Salaries and Wages Expense ACCOUNT NO. 726
20xx Balance
Date Item Ref. Debit Credit Debit
Sept 30 CP9 4300 4300
30 J6 730 5030
30 J7 5030 0
GENERAL LEDGER
Utilities Expense ACCOUNT NO. 732
20xx Balance
Date Item Ref. Debit Credit Debit
Sept 29 CP9 1 3 5 1 3 5
30 CP9 100 235
30 J7 235 0
Miscellaneous Expense ACCOUNT NO. 746
20xx Balance
Date Item Ref. Debit Credit Debit
Rent Expense ACCOUNT NO. 729
20xx Balance
Date Item Ref. Debit Credit Debit
GENERAL LEDGER
Rent Revenue ACCOUNT NO. 829
20xx Balance
Date Item Ref. Debit Credit Credit
Sept 21 CR4 3 0 0 3 0 0
30 J7 300 0
Interest Expense ACCOUNT NO. 905
20xx Balance
Date Item Ref. Debit Credit Debit
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME Billy’s Bike and Skate Rental
ADDRESS 1326 Custer Street, Normal, IL 60010
20xx
Date Item Ref. Debit Credit Balance
Aug 25 Invoice 519 S4 3350 3350
NAME Evergreen Parks and Recreation
ADDRESS R. R. Box 11, Scenic, IL 61530
20xx
Date Item Ref. Debit Credit Balance
Aug 26 Invoice 520 S4 2800 2800
31 Invoice 523 S4 3400 6200
NAME Normal Park District
ADDRESS 1925 School Street, Normal, IL 60128
20xx
Date Item Ref. Debit Credit Balance
Aug 24 Invoice 518 S4 8 0 0 8 0 0
Sept 15 Invoice 526 S5 2000 2800
17 CR4 800 2000
24 Invoice 530 S5 5250 7250
24 CR4 2000 5250
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME State University Cycling Club
ADDRESS Horton Student Center, Normal, IL 60024
20xx
Date Item Ref. Debit Credit Balance
Aug 31 Invoice 521 S4 3650 3650
Sept 8 Invoice 525 S5 2850 6500
NAME Twin Cities Bicycle Tours
ADDRESS 112 Towanda Ave., Bloomington, IL 61209
20xx
Date Item Ref. Debit Credit Balance
Aug 24 Invoice 517 S4 4000 4000
31 Invoice 522 S4 4200 8200
Sept 3 CR4 4000 4200
NAME Wheels Unlimited
ADDRESS 200 Tenth St. Bloomington, IL 61210
20xx
Date Item Ref. Debit Credit Balance
Aug 18 Invoice 516 S4 2500 2500
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME Avanti Racers, Inc.
ADDRESS 323 West Seventh St., San Pedro, CA 90731
20xx
Date Item Ref. Debit Credit Balance
Aug 24 Invoice 815 P7 2000 2000
31 Invoice 898 P7 1600 3600
NAME Bicycle Transit Authority
ADDRESS 418 S. Varney St., Seattle, WA 98124
20xx
Date Item Ref. Debit Credit Balance
Aug 31 Invoice 741 P7 3800 3800
Sept 4 CP9 3800 0
18 Invoice 837 P8 2200 2200
23 Invoice 898 P8 8 2 5 3025
28 CP9 2200 825
NAME Gita Bicycles & Frames
ADDRESS 500 Third Ave., Claremont, CA 91711
20xx
Date Item Ref. Debit Credit Balance
Aug 5 Invoice 811 P7 6200 6200
Sept 1 CP9 6200 0
NAME Tandems USA
ADDRESS 331 Somerville Ave., Somerville, MA 02143
20xx
Date Item Ref. Debit Credit Balance
Aug 25 Invoice 1021 P7 1200 1200
Sept 4 CP9 1200 0
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
NAME Terry Cycling Apparel
ADDRESS 1264 E. Walnut St., Gardena, CA 90248
20xx
Date Item Ref. Debit Credit Balance
Aug 28 Invoice 214 P7 8 0 0 8 0 0
Sept 3 CP9 8 0 0 0
NAME Tuffy Bicycle Company
ADDRESS 102 LaGrange St., Greenville, IN 84329
20xx
Date Item Ref. Debit Credit Balance
Aug 28 Invoice 1312 P7 3000 3000
Sept 2 CP9 3000 0
4 2 - 3 / 710 3 2 8 3 1
70 - 107 / 711 2 7 4 4 2
70 - 7025 / 2711 3 9 2 0 3
70 - 7025 / 2711 4 1 1 6 9
13181 10
11
18 70 - 7025 / 2711 2 7 9 3 12
2 - 3 / 710 8 0 0 13
3593 14
15
25 2 - 3 / 710 3 0 0 16
2 - 3 / 710 1 9 6 0 17
2260 18
23
24
25
26
27
28
29
30
31
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Original Deposit Tickets for September
Date Checks Balance
Sept.
193001
2 315 1 6200 9540 12640 2
3 316 2 2 9 4 0 9 7 0 0 3
9 322 4 1188 9947 9391 9
10 8 2480 11871 10
11 323 9 1568 10303 11
12 324 10 1 0 0 0 9 3 0 3 12
13 325 11 248 13181 22236 13
14 326 14 4 4 1 2 1 7 9 5 14
15 327 14 1 2 5 2 1 6 7 0 15
16 15 7 9 8 0 2 9 6 5 0 16
17 328 17 1 1 0 0 2 8 5 5 0 17
18 329 18 1 1 0 2 8 4 4 0 18
23 333 23 3 3 3 2 2 3 6 5 6 23
24 334 24 1 6 5 2 3 4 9 1 24
25 335 24 1 3 0 0 2 2 1 9 1 25
26 25 2 2 6 0 2 4 4 5 1 26
27 336 28 1 0 0 0 2 3 4 5 1 27
28 337 28 2 1 5 6 2 1 2 9 5 28
29 338 29 3 0 0 2 0 9 9 5 29
30 339 29 1 3 5 2 0 8 6 0 30
31 340 29 1 5 0 0 1 9 3 6 0 31
37 37
38 38
39 39
40 40
41 41
42 42
43 43
44 44
45 45
46 46
47 47
48 48
49 49
50 50
51 51
Continuous Checkbook Balance for September
Ck No. Date Checks Deposits Balance
Sept.
CAMPUS CYCLE SHOP
Bank Reconciliation
September 30, 20xx
1 Balance per bank statement 27474 1
2 2
3 Add: Deposits in transit, 9/30 3
7 Subtract: Outstanding checks 7
8750 8
92940 9
10 1568 10
11 110 11
12 165 12
17 Adjusted cash balance per bank 3 0 6 5 0 17
18 18
19 Book balance per books 30660 19
22 22
23 23
24 24
1 101 Cash 30650 1
2 112 Accounts Receivable 1 79 30 2
3 120 Inventory 21989 3
7 158 Accumulated Depreciation -- Equipment 35600 7
8 201 Accounts Payable 13385 8
9 212 Salaries and Wages Payable 9
10 230 Interest Payable 400 10
14 400 Service Revenue 4677 14
15 401 Sales Revenue 53670 15
16 412 Sales Returns and Allowances 5 00 16
21 631 Supplies Expense 21
22 711 Depreciation Expense 22
23 722 Insurance Expense 23
24 726 Salaries and Wages Expense 43 00 24
25 729 Rent Expense 1500 25
31 Net Income 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
CAMPUS CYCLE SHOP
Worksheet
For the Month Ended September 30, 20xx
Acct. Trial Balance
No. Account Title Debit Credit
1 30650 30650 1
2 17930 17930 2
3 f 230 21759 21759 3
7 d 825 36425 36425 7
8 13385 13385 8
9 c 730 730 730 9
13 3700 3700 13
14 4677 4677 14
15 53670 53670 15
16 5 00 5 00 16
17 7 11 7 11 17
22 d 825 8 25 8 25 22
23 b 200 2 00 2 00 23
24 c 7 3 0 5 0 30 50 30 24
25 1 5 00 15 00 25
26 2 35 2 35 26
27 10 10 27
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
Adjustments Adjusted Trial Balance Income Statement Balance Sheet
Debit Credit Debit Credit Debit Credit Debit Credit
Billy’s Bike and Skate Rental $ 3000
Evergreen Parks and Recreation 2200
Normal Park District 5250
CAMPUS CYCLE SHOP
Schedule of Accounts Receivable
September 30, 20xx
Avanti Racers, Inc. $ 2000
Bicycle Transit Authority 8 2 5
Gita Bicycles & Frames 7570
CAMPUS CYCLE SHOP
Schedule of Accounts Payable
September 30, 20xx
1 Revenues 1
2 Sales Revenue $53670 2
3 Less: Sales Returns and Allowances $ 5 0 0 3
4 Sales Discounts 7 1 1 1 2 1 1 4
5 Net Sales 52459 5
6 6
12 Operating Expenses 12
13 Salaries and Wages Expense 5 0 3 0 13
14 Rent Expense 1 5 0 0 14
15 Supplies Expense 1 8 3 3 15
16 Depreciation Expense 8 2 5 16
17 Maintenance and Repairs Expense 4 3 0 17
18 Utilities Expense 2 3 5 18
25 25
26 Other Revenues and Gains 26
27 Rent Revenue 3 0 0 27
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
CAMPUS CYCLE SHOP
Income Statement
For the Month Ended September 30, 20xx
1 Owner’s Capital, September 1 $52410 1
2 Add: Net Income for September 9 4 5 9 2
361869 3
7 7
8 8
9 9
10 10
11 11
12 12
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
25 25
26 26
27 27
28 28
29 29
30 30
31 31
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
40 40
Campus Cycle Shop
Owner’s Equity Statement
For the Month Ended September 30, 20xx
1 Assets 1
2 Current Assets 2
3 Cash $30650 3
4 Accounts Receivable 17930 4
5 Inventory 21759 5
9 9
10 Property, Plant and Equipment 10
11 Equipment $ 6 0 0 0 0 11
12 Less: Accumulated Depreciation - Equipment 3 6 4 2 5 2 3 5 7 5 12
13 13
14 14
15 Total Assets $98814 15
16 16
17 Liabilities and Owner’s Equity 17
18 18
19 Current Liabilities 19
20 Accounts Payable $13385 20
21 Salaries and Wages Payable 730 21
24 24
25 Long-Term Liabilities 25
26 Notes Payable 26000 26
27 Total Liabilities 40645 27
28 28
29 Owner’s Equity 29
32 32
33 33
34 34
35 35
36 36
37 37
38 38
39 39
Campus Cycle Shop
Balance Sheet
September 30, 20xx
CAMPUS CYCLE SHOP
Post-Closing Trial Balance
September 30, 20xx
Debit Credit
101 Cash $ 3 0 6 50
112 Accounts Receivable 1 7 9 3 0
120 Inventory 21759
158 Accum. Depre. - Equipment $36425
201 Accounts Payable 13385
212 Salaries and Wages Payable 730
230 Interest Payable 530
