Trans # Type Date Num Adj Name Memo Account Debit Credit
Guerra, Camila Ties and Scarves 4013 ꞏ Accessories Sales 110.00
Guerra, Camila Ties and Scarves 1120 ꞏ Inventory Asset 24.00
69 Invoice 01/15/2018 25 Petersen, Ambe
r
1200 ꞏ Accounts Receivable 458.89
Petersen, Ambe
r
Sunglasses 4013 ꞏ Accessories Sales 95.00
Petersen, Ambe
r
Sunglasses 1120 ꞏ Inventory Asset 26.00
Petersen, Ambe
r
Sunglasses 5000 ꞏ Cost of Goods Sold 26.00
Petersen, Ambe
r
Women’s Dresses 4011 ꞏ Women’s Clothing Sales 199.90
r
r
r
r
r
70 Deposit 01/15/2018 Deposit 1100 ꞏ Checking 2,450.05
Cash Custome
r
Deposit 1499 ꞏ Undeposited Funds 37.75
Day, Allison Deposit 1499 ꞏ Undeposited Funds 1,338.62
Ross, Evan Deposit 1499 ꞏ Undeposited Funds 619.24
McNabb, Kyle Deposit 1499 ꞏ Undeposited Funds 75.00
r
200.00 200.00
75 Bill 01/08/2018 Off-the-Cuf
f
2000 ꞏ Accounts Payable 350.00
Off-the-Cuf
f
Women’s Dresses 1120 ꞏ Inventory Asset 350.00
350.00 350.00
Chapter 6, Document 25
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s California Casual
Journal
January 1 – 30, 2018
Page 376 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
78 Bill Pmt -CCard 01/12/2018 Contempo Clothing 2100 ꞏ VISA 196.00
Contempo Clothing 2000 ꞏ Accounts Payable 196.00
Contempo Clothing 2000 ꞏ Accounts Payable 4.00
Contempo Clothing 5200 ꞏ Merchandise Discounts 4.00
81 Bill Pmt -Check 01/18/2018 2 Off-the-Cuf
f
1100 ꞏ Checking 343.00
Off-the-Cuf
f
2000 ꞏ Accounts Payable 343.00
Off-the-Cuf
f
2000 ꞏ Accounts Payable 7.00
Off-the-Cuf
f
5200 ꞏ Merchandise Discounts 7.00
350.00 350.00
84 Bill Pmt -Check 01/25/2018 4 SLO Rental Co. 1100 ꞏ Checking 1,150.00
SLO Rental Co. 2000 ꞏ Accounts Payable 1,150.00
Your Name’s California Casual
Journal
January 1 – 30, 2018
Chapter 6, Document 25
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 377 of 690
On Hand Avg Cost Asset Value % of Tot Asset
Inventory
Access-Belts 35 18.75 656.25 5.7%
Access-Sunglasses 47 26.00 1,222.00 10.5%
Access-Ties 97 12.00 1,164.00 10%
Men-Pants 91 15.00 1,365.00 11.8%
Y
our Name’s California Casual
Inventory Valuation Summary
As of January 30, 2018
Chapter 6, Document 26
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 378 of 690
CHAPTER
General Accounting and
End–of–Period Procedures:
Merchandising Business
7
Your Name’s
Sierra Sports
7
Account Type Balance Total
1100 ꞏ Checking Bank 32,585.43
1200 ꞏ Accounts Receivable
A
ccounts Receivable 6,571.50
1120 ꞏ Inventory Asset Other Current Asset 35,551.54
1521 ꞏ Original Cost Fixed Asset 4,500.00
1522 ꞏ Depreciation Fixed Asset 0.00
2000 ꞏ Accounts Payable
A
ccounts Payable 9,395.40
2100 ꞏ Visa Credit Card 1,221.98
2200 ꞏ Sales Tax Payable Other Current Liability 0.00
4050 ꞏ Sales Discounts Income
4090 ꞏ Returned Check Charges Income
4999 ꞏ Uncategorized Income Income
5000 ꞏ Cost of Goods Sold Cost of Goods Sold
5200 ꞏ Merchandise Discounts Cost of Goods Sold
6110 ꞏ Automobile Expense Expense
6120 ꞏ Bank Service Charges Expense
6140 ꞏ Advertising Expense Expense
6150 ꞏ Depreciation Expense Expense
6160 ꞏ Dues and Subscriptions Expense
6170 ꞏ Equipment Rental Expense
6180 ꞏ Insurance Expense
Chapter 7, Document 1
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Y
our Name’s Sierra Sports
Account Listing
January 31, 2018
Page 381 of 690
Account Type Balance Total
6521 ꞏ Federal Expense
6522 ꞏ Local Expense
Y
our Name’s Sierra Sports
Account Listing
January 31, 2018
Chapter 7, Document 1
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 382 of 690
Item FAM Numbe
r
Purchase Date Purchase Description Account Cost
Y
our Name’s Sierra Sports
Fixed Asset Listing
January 31, 2018
Chapter 7, Document 2
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 383 of 690
1/31/2018
First and Last Name
Owner Withdrawal, January
Your Name’s Sierra Sports
875 Mountain Road
Mammoth Lakes, CA 93546
1/31/2018
Larry Muir
Owner Withdrawal, January
Your Name’s Sierra Sports
875 Mountain Road
Mammoth Lakes, CA 93546
Chapter 7, Document 3
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 384 of 690
Type Date Num Name Cl
r
Amount Balance
Beginning Balance 25,943.00
Cleared Transactions
Checks and Payments – 10 items
General Journal 01/15/2018 Ortiz, Oska
r
X -975.00 -975.00
Check 01/15/2018 1 Medina, Diego Dr. X -81.00 -1,056.00
Deposits and Credits – 2 items
Deposit 01/14/2018 X 10,855.30 10,855.30
Uncleared Transactions
Checks and Payments – 2 items
Check 01/31/2018 7 -1,000.00 -1,000.00
Larry Muir
Y
our Name’s Sierra Sports
Reconciliation Detail
1100 ꞏ Checking, Period Ending 01/31/2018
Chapter 7, Document 4
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 385 of 690
r
Type Date Num Name Cl
r
Amount Balance
Beginning Balance 150.00
Cleared Transactions
Charges and Cash Advances – 4 items
Credit Card Charge 01/21/2018 Snow Sports, Inc. X -300.00 -300.00
Y
our Name’s Sierra Sports
Reconciliation Detail
2100 ꞏ Visa, Period Ending 01/31/2018
Chapter 7, Document 5
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 386 of 690
1/31/2018
January Visa Payment
Your Name’s Sierra Sports
875 Mountain Road
Mammoth Lakes, CA 93546
Chapter 7, Document 6
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 387 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
48 Invoice 01/02/2018 1
A
sher, Benjamin VOID: 1200 ꞏ Accounts Receivable 0.00
A
sher, Benjamin
A
fter Ski Boots and Shoes 4011 ꞏ Clothing & Accessory Sales 0.00
50 Invoice 01/03/2018 3 Mountain Schools 1200 ꞏ Accounts Receivable 2,080.08
Mountain Schools Snow Skis 4012 ꞏ Equipment Sales 1,495.00
Mountain Schools Snow Skis 1120 ꞏ Inventory Asset 500.00
Mountain Schools Snow Skis 5000 ꞏ Cost of Goods Sold 500.00
Mountain Schools Ski Bindings 4012 ꞏ Equipment Sales 500.00
51 Invoice 01/03/2018 4 Grant, Helen 1200 ꞏ Accounts Receivable 846.56
Grant, Helen Parkas and Jackets 4011 ꞏ Clothing & Accessory Sales 249.00
Your Name’s Sierra Sports
Journal
January 2018
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 388 of 690
A
A
A
A
Trans # Type Date Num Adj Name Memo Account Debit Credit
Grant, Helen Gloves 5000 ꞏ Cost of Goods Sold 15.00
Grant, Helen Ski and Snowboard Socks 4011 ꞏ Clothing & Accessory Sales 15.95
1,001.21 1,001.21
55 Invoice 01/04/2018 6
A
sher, Benjamin 1200 ꞏ Accounts Receivable 852.11
A
sher, Benjamin Snow Skis 4012 ꞏ Equipment Sales 599.00
A
sher, Benjamin Snow Skis 1120 ꞏ Inventory Asset 100.00
A
sher, Benjamin Snow Skis 5000 ꞏ Cost of Goods Sold 100.00
A
sher, Benjamin Ski Bindings 4012 ꞏ Equipment Sales 179.00
A
A
A
A
A
56 Invoice 01/04/2018 7 Waters, Angie 1200 ꞏ Accounts Receivable 1,035.60
Waters, Angie Snowboard 4012 ꞏ Equipment Sales 499.95
Waters, Angie Snowboard 1120 ꞏ Inventory Asset 100.00
Waters, Angie Snowboard 5000 ꞏ Cost of Goods Sold 100.00
Waters, Angie Snowboard Bindings 4012 ꞏ Equipment Sales 159.99
Your Name’s Sierra Sports
Journal
January 2018
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 389 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
59 Inventory Adjust 01/08/2018 Helmets Opening balance 3100 ꞏ Your Last Name & Muir, Capital 700.00
Helmets Opening balance 1120 ꞏ Inventory Asset 700.00
700.00 700.00
61 Credit Memo 01/10/2018 9 Waters, Angie 1200 ꞏ Accounts Receivable 53.95
Waters, Angie Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 4011 ꞏ Clothing & Accessory Sales 49.95
Waters, Angie Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 1120 ꞏ Inventory Asset 3.66
Waters, Angie Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 5000 ꞏ Cost of Goods Sold 3.66
State Board of Equalization CA Sales Tax 2200 ꞏ Sales Tax Payable 4.00
63 Sales Receipt 01/08/2018 1 Cash Custome
r
12000 ꞏ Undeposited Funds 36.86
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 4011 ꞏ Clothing & Accessory Sales 29.95
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 1120 ꞏ Inventory Asset 3.66
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 5000 ꞏ Cost of Goods Sold 3.66
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 4011 ꞏ Clothing & Accessory Sales 2.99
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 1120 ꞏ Inventory Asset 3.66
Cash Custome
r
Sunglasses, Ski Wax, Sunscreen, Ski Holders,… 5000 ꞏ Cost of Goods Sold 3.66
r
r
r
r
r
Your Name’s Sierra Sports
Journal
January 2018
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Page 390 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
122.15 122.15
67 Sales Receipt 01/12/2018 5 Cash Custome
r
12000 ꞏ Undeposited Funds 410.29
Cash Custome
r
Parkas and Jackets 4011 ꞏ Clothing & Accessory Sales 249.95
Cash Custome
r
Parkas and Jackets 1120 ꞏ Inventory Asset 58.33
Cash Custome
r
Parkas and Jackets 5000 ꞏ Cost of Goods Sold 58.33
Cash Custome
r
Ski Pants 4011 ꞏ Clothing & Accessory Sales 129.95
r
r
r
r
r
r
r
r
r
69 Sales Receipt 01/12/2018 7 Cash Custome
r
12000 ꞏ Undeposited Funds 97.15
Cash Custome
r
Gloves 4011 ꞏ Clothing & Accessory Sales 89.95
Cash Custome
r
Gloves 1120 ꞏ Inventory Asset 15.00
Cash Custome
r
Gloves 5000 ꞏ Cost of Goods Sold 15.00
State Board of Equalization CA Sales Tax 2200 ꞏ Sales Tax Payable 7.20
r
r
r
r
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Sierra Sports
Journal
January 2018
Page 391 of 690
r
r
r
r
r
r
r
r
Trans # Type Date Num Adj Name Memo Account Debit Credit
72 Payment 01/13/2018 Waters, Angie 12000 ꞏ Undeposited Funds 1,035.22
Waters, Angie 1200 ꞏ Accounts Receivable 1,035.22
76 Payment 01/14/2018 3951 Medina, Diego Dr. 12000 ꞏ Undeposited Funds 1,094.45
Medina, Diego Dr. 1200 ꞏ Accounts Receivable 1,094.45
1,094.45 1,094.45
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Sierra Sports
Journal
January 2018
Page 392 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
Mountain Schools Includes Early Payment Discount 12000 ꞏ Undeposited Funds 2,038.48
82 General Journal 01/15/2018 Bank service charges for bounced check# 765 6120 ꞏ Bank Service Charges 10.00
Ortiz, Oskar Bank service charges for bounced check# 765 1100 ꞏ Checking 10.00
10.00 10.00
83 Invoice 01/15/2018 11 Ortiz, Oskar Bounced Check# 765 1200 ꞏ Accounts Receivable 25.00
Ortiz, Oskar Bounced Check# 765 4090 ꞏ Returned Check Charges 25.00
State Board of Equalization CA Sales Tax 2200 ꞏ Sales Tax Payable 0.00
25.00 25.00
Footwear Galore Snowboard Boots 1120 ꞏ Inventory Asset 1,875.00
1,875.00 1,875.00
92 Bill 01/18/2018 Sports Clothes, Inc. 2000 ꞏ Accounts Payable 300.00
Sports Clothes, Inc. Gloves 1120 ꞏ Inventory Asset 300.00
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Sierra Sports
Journal
January 2018
Page 393 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
94 Credit Card Charge 01/21/2018 Mountain Office Supply Purchase Pape
r
2100 ꞏ Visa 21.98
Mountain Office Supply Purchase Pape
r
1311 ꞏ Office Supplies 21.98
97 Bill 01/25/2018 3510-1023 Sierra Power Co. 2000 ꞏ Accounts Payable 359.00
Sierra Power Co. 6391 ꞏ Gas and Electric 359.00
359.00 359.00
101 Bill Pmt -Check 01/25/2018 2 Footwear Galore 1100 ꞏ Checking 1,837.50
Footwear Galore 2000 ꞏ Accounts Payable 1,837.50
Footwear Galore 2000 ꞏ Accounts Payable 37.50
Footwear Galore 5200 ꞏ Merchandise Discounts 37.50
1,875.00 1,875.00
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Sierra Sports
Journal
January 2018
Page 394 of 690
Trans # Type Date Num Adj Name Memo Account Debit Credit
105 Bill Pmt -CCard 01/25/2018 Sports Accessories Opening balance 2100 ꞏ Visa 350.00
Sports Accessories Opening balance 2000 ꞏ Accounts Payable 350.00
108 General Journal 01/31/2018 *
A
djusting Entry, Office Supplies 6472 ꞏ Office 350.00
*
A
djusting Entry, Office Supplies 1311 ꞏ Office Supplies 350.00
350.00 350.00
109 General Journal 01/31/2018 *
A
djusting Entry, Sales Supplies 6471 ꞏ Sales 175.00
*
A
djusting Entry, Sales Supplies 1312 ꞏ Sales Supplies 175.00
A
A
A
1,000.00 1,000.00
113 Check 01/31/2018 Transfe
r
Old Mammoth Bank Office Equipment Loan, Payment 1100 ꞏ Checking 63.75
Old Mammoth Bank Office Equipment Loan, Interest 6212 ꞏ Loan Interest 53.42
r
Chapter 7, Document 7
Copyright © 2019 Pearson Education, Inc. All Rights Reserved
Your Name’s Sierra Sports
Journal
January 2018
Page 395 of 690
A
A