108 • Working Papers
5-M MASTERY PROBLEM, pp. 150–151
Reconciling a bank statement; journalizing a bank service charge, a dishonored check, and
petty cash transactions (LO4, 5, 6, 9, 10, 11)
1., 3., 5.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
8 8
9 9
22 22
23 23
24 24
25 25
TE
20–
Mar. 21 Petty Cash C220 3 0 0 00
Cash 3 0 0 00
24 Repair Expense C221 1 8 0 00
Cash 1 8 0 00
26 Supplies C222 7 5 00
Cash 7 5 00
27 Accounts Receivable—Aki Suzuki M44 2 5 0 00
Cash 2 5 0 00
25
Chapter 5 Cash Control Systems • 109
Name Date Class
5-M MASTERY PROBLEM (concluded)
2.
4.
PETTY CASH REPORT
Date: Custodian:
Explanation
Reconciliation
Replenish
Amount
Fund Total
Payments:
Less: Total payments
Equals: Recorded amount on hand
Less: Actual amount on hand
Equals: Cash short (over)
Amount to Replenish
RECONCILIATION OF BANK STATEMENT (Date)
Balance On Check Stub No. __
_
. . . . . . . . . . . . Balance On Bank Statement . . . . . . . . . . . . . . . . . .
$
$
Student’s Signature
March 31, 20 – –
Supplies
Miscellaneous Expense
300.00
97.00
185.00
282.00 282.00
285.00
18.00
15.00
3.00 3.00
March 31, 20– –
226
110 • Working Papers
5-C CHALLENGE PROBLEM, p. 151
Reconciling a bank statement and recording a bank service charge and a dishonored check (LO4, 5, 6)
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 251 13-7552
965
$
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 252 13-7552
965
PAY TO THE
ORDER OF
PAY TO THE
ORDER OF
$
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 253 13-7552
965
$
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 254 13-7552
965
PAY TO THE
ORDER OF $
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 257 13-7552
965
PAY TO THE
ORDER OF $
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 258 13-7552
965
PAY TO THE
ORDER OF $
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 259 13-7552
965
PAY TO THE
ORDER OF $
20
Pool Clean
75214 Bonita Beach Road
Bonita Springs, FL 34135
NO. 260 13-7552
965
PAY TO THE
ORDER OF $
20
PAY TO THE
ORDER OF
Industrial Supplies
July 1
3,154.00
– –
LMC Property Management
July 5
400.00
– –
Eduardo Gomez
July 11
500.00
– –
Century Telephone Company
July 11
150.00
– –
Sunshine Cleaning Company
July 15
196.00
– –
Tri-State Agency
July 15
280.00
– –
Aqua Supplies
July 8
3,120.00
– –
American Insurance Company
July 8
500.00
– –
1., 2.
DATE CHECK AMOUNT CHECK AMOUNT DEPOSITS BALANCE
STATEMENT
BALANCE
SERVICE
CHARGES
AMOUNT
OF
DEPOSITS
NO.
OF
DEPOSITS
AMOUNT
OF
CHECKS
NO.
OF
CHECKS
BALANCE
FROM PREVIOUS
STATEMENT
STATEMENT OF ACCOUNT FOR ACCOUNT NUMBER
STATEMENT DATE
Fidelity
NATIONAL BANK
Bonita Springs, FL 34135
POOL CLEAN
75214 Bonita Beach Road
Bonita Springs, FL 34135
8524655
July 28, 20 – –
0.00 11 9,350.00 4 25,910.00 10.00 16,550.00
07/01/– –
07/01/– –
07/05/– –
07/08/– –
251
252
3,154.00
400.00
24,000.00
250.00
0.00
24,000.00
20,846.00
20,696.00
TE
Chapter 5 Cash Control Systems • 111
Name Date Class
5-C CHALLENGE PROBLEM (continued)
1., 2., 3.
NO. 251 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED 07 01 – –
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
3,154.00
July 1
Industrial Supplies
Supplies
– –
0 00
24,000 00
24,000 00
24,000 00
3,154 00
20,846 00
NO. 253 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED 07 08 – –
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
3,120.00
July 8
Aqua Supplies
Supplies
– –
20,446 00
250 00
20,696 00
20,696 00
3,120 00
17,576 00
NO. 259 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
196.00
July 15
Sunshine Cleaning Company
Cleaning
– –
15,746 00
15,746 00
15,746 00
196 00
15,550 00
NO. 258 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
150.00
July 11
Century Telephone Company
Utilities
– –
15,896 00
15,896 00
15,896 00
150 00
15,746 00
NO. 257 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
500.00
July 11
Eduardo Gomez
Owner’s withdrawal
– –
16,396 00
16,396 00
16,396 00
500 00
15,896 00
NO. 252 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
400.00
July 5
LMC Property Management
Rent
– –
20,846 00
20,846 00
20,846 00
400 00
20,446 00
✔ ✔
✔✔✔
✔
✔✔
112 • Working Papers
5-C CHALLENGE PROBLEM (continued)
1., 2., 3.
NO. 262 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
370.00
July 23
Harned Company
Payment on account
– –
15,040 00
07 25 – – 1,140 00
16,180 00
16,180 00
370 00
15,810 00
NO. 261 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
750.00
July 22
Naples Press
Advertising
– –
15,790 00
15,790 00
15,790 00
750 00
15,040 00
NO. 260 $
Date: 20
To:
For:
BALANCE BROUGHT FORWARD
AMOUNT DEPOSITED
SUBTOTAL Date
OTHER:
SUBTOTAL
AMOUNT THIS CHECK
BALANCE CARRIED FORWARD
280.00
July 15
Tri-State Agency
Miscellaneous
– –
15,550 00
07 15 – – 520 00
16,070 00
16,070 00
280 00
15,790 00
TE
✔
✔✔
✔
Chapter 5 Cash Control Systems • 113
2.
3.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
POST.
Name Date Class
5-C CHALLENGE PROBLEM (concluded)
RECONCILIATION OF BANK STATEMENT (Date)
Balance On Check Stub No. __
_
. . . . . . . . . . . . Balance On Bank Statement . . . . . . . . . . . . . . . . . .
DEDUCT BANK CHARGES:
Description Amount
Total bank charges
ADD OUTSTANDING DEPOSITS:
Amount
Date
$
Total outstanding deposits
DEDUCT OUTSTANDING CHECKS:
Ck.
No. Amount
Ck.
No. Amount
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
$
$
$
14
10 00
Service Charge
16,136
00
10 00
261
263
750
34
00
00
860 00
07/28/– –
July 29, 20– –
16,550
17,410
860
00
00
00
265
Name Date Class
REINFORCEMENT ACTIVITY 1, Part A, p. 153
An Accounting Cycle for a Proprietorship: Journalizing and Posting Transactions
1., 2.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
23 23
24 24
Reinforcement Activity 1, Part A • 115
1
1 Cash R1 110 18 0 0 0 00
Jasmine Quinn, Capital 310 18 0 0 0 00
1 Rent Expense C1 550 3 6 0 0 00
Cash 110 3 6 0 0 00
2 Utilities Expense C2 580 2 1 0 00
Cash 110 2 1 0 00
11 Petty Cash C5 120 2 0 0 00
Cash 110 2 0 0 00
12 Cash T12 110 9 5 0 00
Sales 410 9 5 0 00
13 Repair Expense C6 560 5 0 0 00
Cash 110 5 0 0 00
13 Miscellaneous Expense C7 540 8 0 00
Cash 110 8 0 00
13 Accounts Receivable—Valley College S1 140 4 5 0 00
Sales 410 4 5 0 00
14 Advertising Expense C8 510 6 0 0 00
Cash 110 6 0 0 00
20 – –
Aug.
116 • Working Papers
REINFORCEMENT ACTIVITY 1, Part A (continued)
3., 5., 6.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
4 4
5 5
6 6
7 7
13 13
14 14
15 15
16 16
17 17
18 18
19 19
20 20
21 21
22 22
28 28
29 29
30 30
31 31
32 32
33 33
TE
2
20 – –
Aug. 19 Cash T19 110 2 0 4 0 00
Sales 410 2 0 4 0 00
20 Repair Expense C12 560 3 2 0 00
Cash 110 3 2 0 00
20 Supplies M2 150 2 4 0 00
Accounts Payable—Seaside Supplies 220 2 4 0 00
21 Utilities Expense C13 580 5 3 0 00
26 Miscellaneous Expense C15 540 3 5 00
Cash 110 3 5 00
26 Cash R3 110 5 0 0 00
Accounts Receivable—Skiffton University 130 5 0 0 00
28 Utilities Expense C16 580 2 2 0 00
Cash 110 2 2 0 00
28 Cash T28 110 6 0 0 00
Sales 410 6 0 0 00
29 Miscellaneous Expense M3 540 2 5 00
Cash 110 2 5 00
Cash 110 1 3 0 00
31 Jasmine Quinn, Drawing C19 320 1 2 0 0 00
Cash 110 1 2 0 0 00
31 Cash T31 110 3 1 9 0 00
Sales 410 3 1 9 0 00
Name Date Class
REINFORCEMENT ACTIVITY 1, Part A (continued)
RECONCILIATION OF BANK STATEMENT (Date)
Balance On Check Stub No. __
_
. . . . . . . . . . . . Balance On Bank Statement . . . . . . . . . . . . . . . . . .
DEDUCT BANK CHARGES:
Description Amount
ADD OUTSTANDING DEPOSITS:
Amount
Date
$
Total outstanding deposits
$
$
$
4.
Reinforcement Activity 1, Part A • 117
25 00
Service Charge
13,610
00
600 00
08/28/– –
August 29, 20– –
13,325
600
00
00
17
118 • Working Papers
REINFORCEMENT ACTIVITY 1, Part A (continued)
The general ledger prepared in Reinforcement Activity 1, Part A, is needed to complete
Reinforcement Activity 1, Part B.
2., 6., 7., 13., 16.
NOTE: August 31 postings from page 3 of the journal are part of the solution to Part B.
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
1
1
2
4
15
15
18
18
19
20
21
25
25
26
26
G1
G1
G1
G1
G1
G1
G1
G1
G2
G2
G2
G2
G2
G2
G2
Cash 110
20 – –
Aug. 18 0 0 0 00 18 0 0 0 00
3 6 0 0 00 14 4 0 0 00
2 1 0 00 14 1 9 0 00
9 0 0 00 13 2 9 0 00
5 0 0 00 9 9 6 0 00
6 0 0 00 9 3 6 0 00
1 9 0 00 9 1 7 0 00
2 5 0 00 9 4 2 0 00
2 0 4 0 00 11 4 6 0 00
3 2 0 00 11 1 4 0 00
5 3 0 00 10 6 1 0 00
8 5 00 10 5 2 5 00
2 2 4 0 00 12 7 6 5 00
3 5 00 12 7 3 0 00
5 0 0 00 13 2 3 0 00
Name Date Class
REINFORCEMENT ACTIVITY 1, Part A (continued)
2., 6., 13., 16.
NOTE: August 31 postings from page 3 of the journal are part of the solution to Part B.
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
Reinforcement Activity 1, Part A • 119
20 – –
Aug. 11 G1 2 0 0 00 2 0 0 00
20 – –
Aug. 13 G1 4 5 0 00 4 5 0 00
18 G1 2 5 0 00 2 0 0 00
Petty Cash 120
Accounts Receivable—Valley College 140
120 • Working Papers
REINFORCEMENT ACTIVITY 1, Part A (continued)
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
20 – –
Aug. 15 G1 5 0 0 00 5 0 0 00
31 G2 1 2 0 0 00 1 7 0 0 00
31 G3 1 7 0 0 00
320
Jasmine Quinn, Drawing
20 – –
Aug. 20 G2 2 4 0 00 2 4 0 00
Accounts Payable—Seaside Supplies 220
31 G3 2 0 0 00 2 2 0 0 00
20 – –
Aug. 4 G1 2 4 0 0 00 2 4 0 0 00
Prepaid Insurance 160
Name Date Class
REINFORCEMENT ACTIVITY 1, Part A (continued)
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
Reinforcement Activity 1, Part A • 121
20 – –
Aug. 31 G3 10 3 2 0 00 10 3 2 0 00
31 G3 8 0 6 0 00 2 2 6 0 00
31 G3 2 2 6 0 00
20 – –
Aug. 14 G1 6 0 0 00 6 0 0 00
31 G3 6 0 0 00
Income Summary
Advertising Expense
330
510
122 • Working Papers
REINFORCEMENT ACTIVITY 1, Part A (continued)
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
TE
20 – –
Aug. 31 G2 2 00 2 00
31 G3 2 00
20 – –
Aug. 13 G1 8 0 00 8 0 00
18 G1 1 9 0 00 2 7 0 00
26 G2 3 5 00 3 0 5 00
29 G2 2 5 00 3 3 0 00
31 G2 7 0 00 4 0 0 00
31 G3 4 0 0 00
Cash Short and Over 520
Miscellaneous Expense 540
Name Date Class
REINFORCEMENT ACTIVITY 1, Part A (concluded)
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
ACCOUNT ACCOUNT NO.
DATE ITEM POST.
REF. DEBIT CREDIT
BALANCE
DEBIT CREDIT
Reinforcement Activity 1, Part A • 123
20 – –
Aug. 13 G1 5 0 0 00 5 0 0 00
20 G2 3 2 0 00 8 2 0 00
31 G2 5 8 00 8 7 8 00
31 G3 8 7 8 00
20 – –
Aug. 2 G1 2 1 0 00 2 1 0 00
21 G2 5 3 0 00 7 4 0 00
28 G2 2 2 0 00 9 6 0 00
31 G3 9 6 0 00
Repair Expense 560
Utilities Expense 580
