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
1 Balance 14,050
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
1 Balance 10,850
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
1 Balance 4,900
Account No. 16
Post.
Item Ref. Debit Credit Debit Credit
1 Balance 28,500
GENERAL LEDGER
Balance
Accounts Receivable
Account:
Account: Cash
Balance
Balance
Date
Balance
2016
Dec.
2016
Dec.
Account: Office Supplies
Account: Office Equipment
Date
Date
Account: Maintenance Supplies
Date
2016
2016
Dec.
Balance
Date
2016
Dec.
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
1 Balance 95,900
Account No. 19
Post.
Item Ref. Debit Credit Debit Credit
1 Balance 14,700
Account No. 21
Post.
Item Ref. Debit Credit Debit Credit
Account No. 31
Post.
Item Ref. Debit Credit Debit Credit
1 Balance 289,250
Account No. 32
Post.
Item Ref. Debit Credit Debit Credit
2016
Dec.
Account: S. Holmes, Drawing
Balance
Date
Balance
Date
2016
Dec.
Account: Accumulated Depreciation—Vehicles
Account: Accumulated Depreciation—Office Equipment
Balance
Date
2016
Account: Vehicles
Account: S. Holmes, Capital
Account: Accounts Payable
Date
Balance
Date
Balance
Date
2016
Dec.
Balance
2016
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
20 J1 3,600 3,600
Account No. 53
Post.
Item Ref. Debit Credit Debit Credit
Balance
Date
Account: Maintenance Supplies Expense
2016
Balance
Date
2016
Dec.
Account: Fuel Expense
Balance
Date
Account: Fees Earned
2016
Account: Driver Salaries Expense
Balance
Date
2016
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
Account No. 63
Post.
Item Ref. Debit Credit Debit Credit
Account: Advertising Expense
Balance
Date
2016
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
2. and 4.
Page 37
2016
Dec. 5 18 39,500
616 4,800
Page 31
2016
Dec. 3 Trimble Co. 5,100
10 Sing Co. 4,850
12 Capps Co. 1,980
5,100
4,850
1,980
Account Credited
Other
Accounts
Cr.
Accounts
Receivable
Cr.
Cash
Dr.
CASH RECEIPTS JOURNAL
Office
Supplies
Dr.
Other
Accounts
Dr.
Vehicles
Office Equipment
PURCHASES JOURNAL
Date
Post.
Ref.
Accounts
Payable
Cr.
39,500
4,800
Date
Account Credited
Boston Transportation
Austin Computer Co.
Post.
Ref.
Amount
Maintenance
Supplies
Dr.
Post.
Ref.
CHAPTER 5 Accounting Systems
Prob. 5–5A (Continued)
2. and 4.
Page
35
2 940 Capps Co.
6 941 Dawar Co.
Page
34
1 610 Rent Expense 62 4,500
9 611 Fuel Expense 53 800
10 612 Office To Go Inc. 360 360
11 613 Essential Supply Co. 3,240 3,240
20 618 Advertising Expense 63 1,990
24 619 S. Holmes, Drawing 32 3,200
26 620 Austin Computer Co. 4,800 4,800
30 621 Driver Salaries Exp. 51 16,900
16,900
1,990
3,200
REVENUE JOURNAL
Date
CASH PAYMENTS JOURNAL
Accounts
Payable
Dr.
1,980
Dec.
Cash
Cr.
Other
Accounts
Dr.
5,680
Accounts Rec. Dr.
Fees Earned Cr.
Post.
Ref.
Date
4,500
Invoice
No.
Account Debited
Account Debited
Post.
Ref.
Ck.
No.
800
2016
2016
Dec.
CHAPTER 5 Accounting Systems
Prob. 5–5A (Concluded)
3. Page 1
5.
Debit Credit
Balances Balances
Cash 92,980
Accounts Receivable 19,940
Maintenance Supplies 10,500
Office Supplies 5,975
S. Holmes, Capital 289,250
S. Holmes, Drawing 3,200
Fees Earned 63,320
Driver Salaries Expense 16,900
Office Salaries Expense 7,600
Rent Expense 4,500
JOURNAL
Post.
December 31, 2016
REVERE COURIER COMPANY
Unadjusted Trial Balance
CHAPTER 5 Accounting Systems
Prob. 5–1B
1. and 2.
Page
1
2016
Jan. 18 1 Murphy Co.
20 2 Qwik-Mart Co.
Page
1
2016
REVENUE JOURNAL
Account Debited
Post.
Ref.
Description
Date
JOURNAL
Date
Post.
Ref.
490
Accounts Rec. Dr.
Fees Earned Cr.
Invoice
No.
340
Debit
Credit
CHAPTER 5 Accounting Systems
Prob. 5–1B (Continued)
Post.
Item Ref. Debit Credit Balance
2016
Post.
Item Ref. Debit Credit Balance
Post.
Item Ref. Debit Credit Balance
2016
Jan. 24 R1 750 750
31 R1 295 1,045
Post.
Item Ref. Debit Credit Balance
Date
Name: Murphy Co.
Date
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Carson Co.
Date
Date
Hopkins Co.
Amber Waves Co.
Name:
Name:
CHAPTER 5 Accounting Systems
Prob. 5–1B (Concluded)
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
31 R1 2,875 2,875
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
Account No. 41
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
GENERAL LEDGER
Account: Fees Earned
Balance
Date
Account: Supplies
Balance
Accounts Receivable
Account:
2016
Jan.
Date
Balance
Date
2016
1. and 5.
Account No. 11
Post.
Item Ref. Debit Credit Debit Credit
2016
Account No. 12
Post.
Item Ref. Debit Credit Debit Credit
2016
June 1 Balance 2,650
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2016
June 1 Balance 34,700
30 J1 1,800 36,500
Account No. 41
Post.
Item Ref. Debit Credit Debit Credit
Balance
Date
Date
Account: Office Equipment
Balance
Date
GENERAL LEDGER
Account: Fees Earned
Balance
Date
Balance
Accounts Receivable
Account:
Account: Cash
2. and 4.
Post.
Item Ref. Debit Credit Balance
2016
June 1 Balance 1,670
Post.
Item Ref. Debit Credit Balance
2016
June 1 Balance 980
7 R40 670 1,650
Post.
Item Ref. Debit Credit Balance
2016
June 10 R40 2,840 2,840
30 J1 1,800 1,040
Post.
Item Ref. Debit Credit Balance
2016
Date
Name: Ridge Communities
Date
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
Name: Cooper Development Co.
Name: Yee Co.
Date
Date
Auto-Flex Co.
Name:
3., 4., and 5.
Page
40
2 717 Yee Co.
7 718 Cooper Development Co.
Page
36
3 Auto-Flex Co. 1,670
14 Cooper Development Co. 980
Page
1
Description
Date
Debit
Post.
Ref. Credit
Date
Fees
Earned
Cr.
JOURNAL
2016
1,670
CASH RECEIPTS JOURNAL
2016
June
980
Cash
Dr.
Accts.
Rec.
Cr.
Post.
Ref.
REVENUE JOURNAL
Account Debited
670
Account Credited
Accounts Rec. Dr.
Fees Earned Cr.
Invoice
No.
Date
Post.
Ref.
1,430
2016
June
CHAPTER 5 Accounting Systems
Prob. 5–2B (Concluded)
7. In an automated system, individual sales transactions are posted automatically
to the general ledger at the time of the original transaction. Thus, there is no
1. and 4.
Account No. 14
Post.
Item Ref. Debit Credit Debit Credit
2016
Account No. 15
Post.
Item Ref. Debit Credit Debit Credit
2016
Account No. 18
Post.
Item Ref. Debit Credit Debit Credit
2016
GENERAL LEDGER
Date
Balance
Office Supplies
Account:
Account: Field Supplies
Balance
Date
Account: Office Equipment
Balance
Date
CHAPTER 5 Accounting Systems
Prob. 5–3B (Continued)
2. and 3.
Post.
Item Ref. Debit Credit Balance
2016
Post.
Item Ref. Debit Credit Balance
2016
Post.
Item Ref. Debit Credit Balance
2016
May 1 Balance 515
3 P30 340 855
Post.
Item Ref. Debit Credit Balance
2016
Accu-Vision Supply Co.
Name:
ACCOUNTS PAYABLE SUBSIDIARY LEDGER
Name: J-Mart Co.
Date
Name: Lassiter Co.
Date
Date
Name: Tri Cities Supplies
Date
CHAPTER 5 Accounting Systems
Prob. 5–3B (Concluded)
3. and 4.
Page
30
2016
May 1 3,240 3,240
26 265 265
30 3,040 3,040
31 26,155 16,900 1,105 8,150
(21) (14) (15) ()
PURCHASES JOURNAL
Field
Supplies
Dr.
Account Credited
Wendell Co.
Post.
Ref.
Date
Tri Cities Supplies
J-Mart Co.
Accounts
Payable
Cr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref.
Amount
1., 2., and 3.
Page
1
16 32,600 Field Equipment 17 32,600
17 9,780 9,780
Accounts
Payable
Cr.
Office
Supplies
Dr.
Other
Accounts
Dr.
Post.
Ref.
Amount
Date
PURCHASES JOURNAL
Field
Supplies
Dr.
Account Credited
Petro Services Inc.
Midland Supply Co.
Post.
Ref.
2016
Oct.