1/30/2018
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
Practice Set 2, Document 67
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 496 of 690
Invoice
Date
12/31/2017
Invoice #
Bill To
Claudia Campbell
47-2196 Catalina Avenue
Palm Desert, CA 92240
Ship To
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
P.O. Number Terms
Due on receipt
Rep Ship Via F.O.B. Project
Item Code DescriptionQuantity Price Each Amount
Page 497 of 690
Practice Set 2, Document 68
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
INVOICE
Date
1/2/2018
Invoice #
2
Bill To
Claudia Campbell
47-2196 Catalina Avenue
Palm Desert, CA 92240
Ship To
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
P.O. Number Terms
Due on receipt
Rep Ship
1/2/2018
Via F.O.B. Project
Item Code DescriptionQuantity Price Each Amount
Page 498 of 690
Practice Set 2, Document 69
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
INVOICE
Date
1/30/2018
Invoice #
14
Bill To
Claudia Campbell
47-2196 Catalina Avenue
Palm Desert, CA 92240
Ship To
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
P.O. Number Terms
Rep Ship
Via F.O.B. Project
Practice Set 2, Document 70
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Item Code DescriptionQuantity Price Each Amount
Page 499 of 690
Sales Tax Payable
Total Sales Non-Taxable Sales Taxable Sales Tax Rate Tax Collected As of Jan 30, 18
Y
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Sales Tax Liability
January 1 – 30, 2018
Practice Set 2, Document 71
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 500 of 690
1/30/2018
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
Practice Set 2, Document 72
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 501 of 690
Jan 1 – 30, 18
Qty Amount % of Sales Avg Price COGS Avg COGS Gross Margin Gross Margin %
Inventory
Bags 11 1,529.70 9.4% 139.06 526.00 47.82 1,003.70 65.6%
Men’s Jackets 2 269.90 1.7% 134.95 40.00 20.00 229.90 85.2%
Men’s Shirts 2 119.98 0.7% 59.99 20.00 10.00 99.98 83.3%
Men’s Shoes 2 314.99 1.9% 157.50 50.00 25.00 264.99 84.1%
Men’s Shorts 1 39.95 0.2% 39.95 12.50 12.50 27.45 68.7%
Other Charges
Bounce Check Charge 130.00 0.2% 30.00
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Sales by Item Summary
January 1 – 30, 2018
Practice Set 2, Document 73
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 502 of 690
1/30/2018
Your Name
January Withdrawal
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
1/30/2018
Anne Wells
January Withdrawal
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
Practice Set 2, Document 74
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 503 of 690
Unadjusted Balance Adjustments Adjusted Balance
Debit Credit Debit Credit Debit Credit
1521 ꞏ Original Cost 6,000.00 6,000.00
1522 ꞏ Depreciation 100.00 100.00
3112 ꞏ First and Last Name, Drawing 2,000.00 2,000.00
3120 ꞏ Anne Wells, Capital 10,682.57 10,682.57
3121 ꞏ Anne Wells, Investment 30,000.00 30,000.00
3122 ꞏ Anne Wells, Drawing 2,000.00 2,000.00
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Adjusted Trial Balance
January 2018
Practice Set 2, Document 75
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 504 of 690
Type Date Num Name Cl
r
Amount Balance
Beginning Balance 35,275.14
Cleared Transactions
Checks and Payments – 15 items
Check 01/10/2018 1 Parker, Matt X -64.75 -64.75
Bill Pmt -Check 01/25/2018 6 Eagle Clubs, Inc. X -5,000.00 -6,028.09
Bill Pmt -Check 01/25/2018 9 Sports Clothes, Inc. X -1,000.00 -7,028.09
Deposits and Credits – 4 items
Deposit 01/05/2018 X 4,212.33 4,212.33
Deposit 01/14/2018 X 2,820.83 7,033.16
Uncleared Transactions
Checks and Payments – 3 items
Check 01/30/2018 13
A
nne Wells -2,000.00 -2,000.00
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Reconciliation Detail
1100 ꞏ Checking, Period Ending 01/31/2018
Practice Set 2, Document 76
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 505 of 690
Jan 31, 18
Beginning Balance 0.00
Cleared Transactions
Charges and Cash Advances – 2 items -325.00
Your Name’s Desert Golf
Reconciliation Summary
2100 · Visa, Period Ending 01/31/2018
Practice Set 2, Document 77
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 506 of 690
1/31/2018
Your Name’s Desert Golf
55-100 PGA Boulevard
La Quinta, CA 92253
Practice Set 2, Document 78
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 507 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
52 Invoice 01/02/2018 1 Popov, Anastasia 1200 ꞏ Accounts Receivable 604.74
Popov, Anastasia Women’s Shorts 4020 ꞏ Clothing Sales 129.98
Popov, Anastasia Women’s Shorts 1120 ꞏ Inventory Asset 20.00
684.74 684.74
53 Invoice 01/02/2018 2 Campbell, Claudia 1200 ꞏ Accounts Receivable 1,041.88
Campbell, Claudia Golf Clubs: Sets 4030 ꞏ Equipment Sales 750.00
Campbell, Claudia Golf Clubs: Sets 1120 ꞏ Inventory Asset 300.00
Campbell, Claudia Golf Clubs: Sets 5000 ꞏ Cost of Goods Sold 300.00
Campbell, Claudia Golf Bags 4010 ꞏ Accessory Sales 179.95
54 Invoice 01/02/2018 3 Hassan, Azar 1200 ꞏ Accounts Receivable 1,982.88
Hassan, Azar Golf Clubs: Woods 4030 ꞏ Equipment Sales 1,836.00
Hassan, Azar Golf Clubs: Woods 1120 ꞏ Inventory Asset 400.00
Hassan, Azar Golf Clubs: Woods 5000 ꞏ Cost of Goods Sold 400.00
State Board of Equalization CA Sales Tax 2200 ꞏ Sales Tax Payable 146.88
2,382.88 2,382.88
55 Invoice 01/02/2018 4 Palm Springs Schools 1200 ꞏ Accounts Receivable 1,069.10
Palm Springs Schools Golf Bags 4010 ꞏ Accessory Sales 299.95
Y
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Journal
January 2018
Page 1
Practice Set 2, Document 79
Page 508 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
58 Invoice 01/03/2018 5 Salazar, Lori 1200 ꞏ Accounts Receivable 217.91
Salazar, Lori Golf Gift Sets 4010 ꞏ Accessory Sales 44.97
59 Invoice 01/03/2018 6 Meyer, Dennis 1200 ꞏ Accounts Receivable 1,231.01
Meyer, Dennis Men’s Shorts 4020 ꞏ Clothing Sales 99.90
Meyer, Dennis Men’s Shorts 1120 ꞏ Inventory Asset 30.00
Meyer, Dennis Men’s Shorts 5000 ꞏ Cost of Goods Sold 30.00
Meyer, Dennis Men’s Shirts 4020 ꞏ Clothing Sales 119.98
60 Payment 01/03/2018 1023 Parker, Matt 12000 ꞏ Undeposited Funds 850.00
Parker, Matt 1200 ꞏ Accounts Receivable 850.00
Y
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Journal
January 2018
Page 2
Practice Set 2, Document 79
Page 509 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
64 Invoice 01/03/2018 7 Hansen, Laura 1200 ꞏ Accounts Receivable 1,128.55
Hansen, Laura Women’s Shoes 4020 ꞏ Clothing Sales 149.95
Hansen, Laura Women’s Shoes 1120 ꞏ Inventory Asset 20.00
68 Sales Receipt 01/08/2018 2 Cash Custome
r
12000 ꞏ Undeposited Funds 107.89
Cash Custome
r
Men’s Golf Hats 4010 ꞏ Accessory Sales 99.90
r
r
Parker, Matt Deposit 12000 ꞏ Undeposited Funds 850.00
Cash Custome
r
Deposit 12000 ꞏ Undeposited Funds 107.89
Tokumoto, Greg Partial Payment 12000 ꞏ Undeposited Funds 2,175.00
Cash Custome
r
Deposit 12000 ꞏ Undeposited Funds 129.44
r
Golf Gea
r
Golf Bags 1120 ꞏ Inventory Asset 320.00
Golf Gea
r
Golf Gift Sets 1120 ꞏ Inventory Asset 33.00
Golf Gea
r
Golf Towels 1120 ꞏ Inventory Asset 20.00
373.00 373.00
72 Bill 01/10/2018 Sports Clothes, Inc. 2000 ꞏ Accounts Payable 400.00
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Journal
January 2018
Page 3
Practice Set 2, Document 79
Page 510 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
74 Credit Memo 01/10/2018 9 Parker, Matt 1200 ꞏ Accounts Receivable 64.75
Parker, Matt Men’s Shorts 4020 ꞏ Clothing Sales 59.95
77 Sales Receipt 01/10/2018 3 Cash Custome
r
12000 ꞏ Undeposited Funds 259.09
Cash Custome
r
Golf Clubs: Irons 4030 ꞏ Equipment Sales 239.90
Cash Custome
r
Golf Clubs: Irons 1120 ꞏ Inventory Asset 200.00
Cash Custome
r
Golf Clubs: Irons 5000 ꞏ Cost of Goods Sold 200.00
State Board of Equalization CA Sales Tax 2200 ꞏ Sales Tax Payable 19.19
459.09 459.09
78 Invoice 01/10/2018 10 Tokumoto, Greg 1200 ꞏ Accounts Receivable 1,728.00
Indio Office Supply 1310 ꞏ Office Supplies 175.00
175.00 175.00
81 Payment 01/14/2018 3801 Hassan, Azar 12000 ꞏ Undeposited Funds 1,963.05
Hassan, Azar 1200 ꞏ Accounts Receivable 1,963.05
Hassan, Azar 1200 ꞏ Accounts Receivable 19.83
Hassan, Azar 4050 ꞏ Sales Discounts 19.83
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Journal
January 2018
Page 4
Practice Set 2, Document 79
Page 511 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
84 Invoice 01/17/2018 11 Kincaid, Oscar 1200 ꞏ Accounts Receivable 1,987.20
Kincaid, Oscar Golf Clubs: Sets 4030 ꞏ Equipment Sales 1,200.00
85 Payment 01/17/2018 6708 Salazar, Lori 12000 ꞏ Undeposited Funds 1,976.72
Salazar, Lori 1200 ꞏ Accounts Receivable 1,976.72
1,976.72 1,976.72
Sports Clothes, Inc. 2000 ꞏ Accounts Payable 392.00
Sports Clothes, Inc. 2000 ꞏ Accounts Payable 8.00
Sports Clothes, Inc. 5200 ꞏ Merchandise Discounts 8.00
400.00 400.00
89 Invoice 01/18/2018 12 Salazar, Lori 1200 ꞏ Accounts Receivable 1,684.53
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Journal
January 2018
Page 5
Practice Set 2, Document 79
Page 512 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
90 Credit 01/18/2018 1045 Sports Clothes, Inc. 2000 ꞏ Accounts Payable 40.00
Sports Clothes, Inc. Men’s Shirts 1120 ꞏ Inventory Asset 40.00
310.60 310.60
92 Sales Receipt 01/20/2018 4 Cash Custome
r
12000 ꞏ Undeposited Funds 268.87
Cash Custome
r
Men’s Golf Hats 4010 ꞏ Accessory Sales 49.95
Cash Custome
r
Men’s Golf Hats 1120 ꞏ Inventory Asset 7.00
Cash Custome
r
Men’s Golf Hats 5000 ꞏ Cost of Goods Sold 7.00
Cash Custome
r
Men’s Jackets 4020 ꞏ Clothing Sales 89.95
Cash Custome
r
Men’s Jackets 1120 ꞏ Inventory Asset 20.00
Cash Custome
r
Men’s Jackets 5000 ꞏ Cost of Goods Sold 20.00
Cash Custome
r
Golf Towels 4010 ꞏ Accessory Sales 9.95
Cash Custome
r
Golf Towels 1120 ꞏ Inventory Asset 2.22
r
r
r
r
r
r
r
93 Sales Receipt 01/20/2018 5 Cash Custome
r
12000 ꞏ Undeposited Funds 4,330.62
Cash Custome
r
Golf Clubs: Sets 4030 ꞏ Equipment Sales 2,990.00
Cash Custome
r
Golf Clubs: Sets 1120 ꞏ Inventory Asset 600.00
Cash Custome
r
Golf Clubs: Sets 5000 ꞏ Cost of Goods Sold 600.00
Cash Custome
r
Golf Bags 4010 ꞏ Accessory Sales 499.90
Cash Custome
r
Golf Bags 1120 ꞏ Inventory Asset 88.00
r
r
r
r
r
r
r
r
r
r
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Journal
January 2018
Page 6
Practice Set 2, Document 79
Page 513 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
97 Deposit 01/20/2018 Deposit 1100 ꞏ Checking 6,576.21
Salazar, Lori Deposit 12000 ꞏ Undeposited Funds 1,976.72
Cash Custome
r
Deposit 12000 ꞏ Undeposited Funds 4,330.62
Cash Custome
r
Deposit 12000 ꞏ Undeposited Funds 268.87
99 Bill Pmt -Check 01/23/2018 5 Head Gear, Inc. 1100 ꞏ Checking 49.00
Head Gear, Inc. 2000 ꞏ Accounts Payable 49.00
Head Gear, Inc. 2000 ꞏ Accounts Payable 1.00
Head Gear, Inc. 5200 ꞏ Merchandise Discounts 1.00
50.00 50.00
100 Payment 01/23/2018 Salazar, Lori Partial Payment 12000 ꞏ Undeposited Funds 500.00
Salazar, Lori Partial Payment 1200 ꞏ Accounts Receivable 500.00
500.00 500.00
194.50 194.50
103 Payment 01/24/2018 1205 Campbell, Claudia 12000 ꞏ Undeposited Funds 2,891.88
Campbell, Claudia 1200 ꞏ Accounts Receivable 2,891.88
2,891.88 2,891.88
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Journal
January 2018
Page 7
Practice Set 2, Document 79
Page 514 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
107 Bill Pmt -Check 01/25/2018 6 Eagle Clubs, Inc. Opening balance 1100 ꞏ Checking 5,000.00
110 Bill Pmt -Check 01/25/2018 9 Sports Clothes, Inc. Opening balance 1100 ꞏ Checking 1,000.00
Sports Clothes, Inc. Opening balance 2000 ꞏ Accounts Payable 1,000.00
1,000.00 1,000.00
114 Bill Pmt -Check 01/30/2018 10 Palm Springs Rentals 1100 ꞏ Checking 2,800.00
Palm Springs Rentals 2000 ꞏ Accounts Payable 2,800.00
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Journal
January 2018
Page 8
Practice Set 2, Document 79
Page 515 of 690