CHAPTER 5 Accounting Systems
Prob. 5–5A
1., 3., and 4.
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
Account No. 16
Post.
Item Ref. Debit Credit Debit Credit
GENERAL LEDGER
Balance
Accounts Receivable
Account:
Account: Cash
Balance
Balance
Date
Balance
2014
Account: Office Supplies
Account: Office Equipment
Date
Date
Account: Maintenance Supplies
Date
2014
2014
Balance
Date
2014
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
Account No. 17
Post.
Item Ref. Debit Credit Debit Credit
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
Account No. 19
Post.
Item Ref. Debit Credit Debit Credit
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2014
Account: S. Holmes, Drawing
Balance
Date
2014
Account: Accumulated Depreciation—Office Equipment
Balance
Date
2014
Balance
Date
2014
Balance
Date
2014
Account: Vehicles
Account: Accounts Payable
Account: Accumulated Depreciation—Vehicles
Balance
Date
2014
Account: S. Holmes, Capital
Balance
Date
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
Account No. 51
Post.
Item Ref. Debit Credit Debit Credit
Account No. 52
Post.
Item Ref. Debit Credit Debit Credit
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
Balance
Date
Account: Maintenance Supplies Expense
2014
Balance
Date
2014
Account: Fuel Expense
Balance
Date
Account: Fees Earned
Account: Driver Salaries Expense
Balance
Date
2014
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
Account No. 63
Post.
Item Ref. Debit Credit Debit Credit
Balance
Date
2014
Account: Advertising Expense
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
2. and 4.
Page 37
2014
Page 31
Account Credited
Other
Accounts
Cr.
Accounts
Receivable
Cr.
Cash
Dr.
CASH RECEIPTS JOURNAL
Office
Supplies
Dr.
Other
Accounts
Dr.
PURCHASES JOURNAL
Date
Post.
Ref.
Accounts
Payable
Cr.
Date
Account Credited
Post.
Ref.
Amount
Maintenance
Supplies
Dr.
Post.
Ref.
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
2. and 4.
Page 35
Page 34
REVENUE JOURNAL
Date
CASH PAYMENTS JOURNAL
Cash
Cr.
Other
Accounts
Dr.
Accounts Rec. Dr.
Fees Earned Cr.
Post.
Ref.
Accounts
Payable
Dr.
Invoice
No.
Account Debited
Date
Account Debited
Post.
Ref.
Ck.
No.
2014
2014
CHAPTER 5 Accounting Systems
Prob. 5–5A (Concluded)
3. Page 1
5.
Debit Credit
Balances Balances
Cash 92,980
Accounts Receivable 19,940
December 31, 2014
Debit Credit
REVERE COURIER COMPANY
Unadjusted Trial Balance
JOURNAL
Date Description
Post.
Ref.
CHAPTER 5 Accounting Systems
Prob. 5–1B
1. and 2.
Page 1
2014
Page 1
REVENUE JOURNAL
Account Debited
Post.
Ref.
Description
Date
JOURNAL
Date
Post.
Ref.
Accounts Rec. Dr.
Fees Earned Cr.
Invoice
No.
Debit
Credit
CHAPTER 5 Accounting Systems
Prob. 5–1B (Continued)
Post.
Item Ref. Debit Credit Balance
2014
Jan. 27 R1 680 680
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
2014
Post.
Item Ref. Debit Credit Balance
2014
Qwik-Mart Co.
Date
Date
Name: Murphy Co.
Date
Name:
Hopkins Co.
Amber Waves Co.
Name:
Name:
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Date
CHAPTER 5 Accounting Systems
Prob. 5–1B (Concluded)
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
4. The computerized system is much more efficient. Each sales transaction
would be entered into an electronic invoice form. The postings to the accounts
receivable subsidiary and fees earned ledgers would be automatic. Also, all
Date
GENERAL LEDGER
Balance
Accounts Receivable
Account:
2014
CHAPTER 5 Accounting Systems
Prob. 5–2B
1. and 5.
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
2014
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2014
June 1 Balance 92,650
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2014
Balance
Date
Account: Office Equipment
Balance
Date
GENERAL LEDGER
Date
Balance
Accounts Receivable
Account:
Account: Cash
CHAPTER 5 Accounting Systems
Prob. 5–2B (Continued)
2. and 4.
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
2014
June 1 Balance 9980
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
2014
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Cooper Development Co.
Name: Yee Co.
Date
Date
Auto-Flex Co.
Name:
Date
Name: Ridge Communities
Date
CHAPTER 5 Accounting Systems
Prob. 5–2B (Continued)
3., 4., and 5.
Page 40
2 717 Yee Co. 9
Page 36
Page 1
Description Debit
JOURNAL
2014
CASH RECEIPTS JOURNAL
2014
Date
Cash
Dr.
Accts.
Rec.
Cr.
Post.
Ref.
Account Credited
Fees
Earned
Cr.
Post.
Ref.
Date Credit
Date
Post.
Ref.
1,430
Accounts Rec. Dr.
Fees Earned Cr.
Invoice
No.
REVENUE JOURNAL
Account Debited
2014
June
CHAPTER 5 Accounting Systems
Prob. 5–2B (Concluded)
6. The sum of the customer balances is in agreement with the controlling account.
CHAPTER 5 Accounting Systems
Prob. 5–3B
1. and 4.
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2014
GENERAL LEDGER
Account: Field Supplies
Balance
Date
CHAPTER 5 Accounting Systems
Prob. 5–3B (Continued)
2. and 4.
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
2014
Post.
Item Ref. Debit Credit Balance
2014
Post.
Item Ref. Debit Credit Balance
2014
Name: Wendell Co.
Date
Date
Name: Tri Cities Supplies
Date
Name: Lassiter Co.
Date
Accu-Vision Supply Co.
Name:
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
3. and 4.
Page 30
2014
May 1 93,240 3,240
PURCHASES JOURNAL
Field
Supplies
Dr.
Account Credited
Wendell Co.
Post.
Ref.
Date
Accounts
Payable
Cr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref.
Amount
CHAPTER 5 Accounting Systems
Prob. 5–4B
1., 2., and 3.
Page 1
Accounts
Payable
Cr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref.
Amount
Date
PURCHASES JOURNAL
Field
Supplies
Dr.
Account Credited
Post.
Ref.
2014