PROBLEM 9A–1 (CONTINUED)
GROCERY MERCHANDISE INVENTORY
ACCOUNT NO. 117
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
5
0
0
0
00
Feb.
GJ1
6
4
0
00
4
3
6
0
00
GJ1
7
5
0
00
3
6
1
0
00
GJ1
9
0
00
3
7
0
0
00
CHEESE SALES
ACCOUNT NO. 410
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
4
GJ1
1
1
0
0
00
1
1
0
0
00
25
GJ1
7
0
0
00
2
0
5
0
00
GROCERY SALES
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
1
GJ1
8
5
0
00
8
5
0
00
SALES RETURNS AND ALLOWANCES
ACCOUNT NO. 412
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
GJ1
1
6
0
00
1
6
0
00
PROBLEM 9A–1 (CONTINUED)
CHEESE COST OF GOODS SOLD
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
4
GJ1
8
2
5
00
8
2
5
00
GROCERY COST OF GOODS SOLD
ACCOUNT NO. 512
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
1
GJ1
6
4
0
00
6
4
0
(3)
FONTINA AND STUFF
SCHEDULE OF ACCOUNTS RECEIVABLE
FEBRUARY 28, 201X
Dutch Co.
$1
7
5
0
00
PROBLEM 9A-2
(1) JEFF’S AUTO SUPPLY
GENERAL JOURNAL PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Feb.
1
Accounts Receivable, R. Dick
110/√
8
8
0
00
Sales Tax Payable
210
8
0
00
Auto Parts Sales
410
8
0
0
00
1
Cost of Goods Sold
511
5
2
0
00
Merchandise Inventory
116
5
2
0
00
Cost of merchandise inventory sold
8
8
0
00
410
8
0
0
00
5
Cost of Goods Sold
511
5
4
5
00
Merchandise Inventory
116
5
4
5
00
Cost of merchandise inventory sold
8
Accounts Receivable, L. Black
110/√
6
6
0
0
00
Sales Tax Payable
210
6
0
0
00
Auto Parts Sales
410
6
0
0
0
00
Sold Black Invoice No. 12
8
Cost of Goods Sold
511
3
9
0
0
00
Merchandise Inventory
116
3
9
0
0
00
Cost of merchandise inventory sold
10
420
7
0
0
00
210
7
0
00
Accounts Receivable, R. Dick
110/√
7
7
0
00
10
Merchandise Inventory
116
5
0
0
00
Cost of Goods Sold
511
5
0
0
00
Cost of merchandise inventory
returned
12
Accounts Receivable, J. Metcalf
110/√
4
4
0
00
Sales Tax Payable
210
4
0
00
Auto Parts Sales
410
4
0
0
00
12
Cost of Goods Sold
511
2
6
0
00
116
2
6
0
00
Cost of merchandise inventory sold
PROBLEM 9A-2 (CONTINUED)
(2)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
L. BLACK
ADDRESS
9 ROE ST., BARTLETT, NH 01382
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Feb.
1
6
6
6
7
NAME
R. DICK
ADDRESS
12 ASTER RD., MERIMACK, NH 02134
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
8
1
9
0
7
1
2
0
NAME
J. METCALF
ADDRESS
22 REESE ST., LACONIA, NH 04321
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
8
1
0
4
1
5
PROBLEM 9A-2 (CONTINUED)
JEFF’S AUTO SUPPLY
PARTIAL GENERAL LEDGER
ACCOUNTS RECEIVABLE
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
Balance
√
4
0
0
00
GJ2
8
8
0
00
2
8
0
00
GJ2
6
6
0
0
00
9
7
6
0
00
GJ2
7
7
0
00
8
9
9
0
00
4
9
4
MERCHANDISE INVENTORY
ACCOUNT NO. 116
201X
Credit
Debit
Credit
Balance
8
0
00
5
7
4
00
5
6
9
00
Date
Explanation
Post
Ref.
Balance
SALES TAX PAYABLE
ACCOUNT NO. 210
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
1
Balance
√
1
1
0
0
00
1
GJ2
8
0
00
1
1
8
0
00
5
GJ2
8
0
00
1
2
6
0
00
GJ2
7
0
00
1
7
9
0
00
PROBLEM 9A-2 (CONTINUED)
AUTO PARTS SALES
ACCOUNT NO. 410
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Feb.
GJ2
8
8
5
8
0
0
00
1
6
0
0
8
GJ2
6
0
0
0
00
7
6
0
0
GJ2
4
8
0
SALES RETURNS AND ALLOWANCES
ACCOUNT NO. 420
201X
Debit
Credit
Debit
Credit
Date
Explanation
Post
Ref.
Balance
COST OF GOODS SOLD
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
GJ2
5
2
0
00
5
2
0
00
5
GJ2
5
4
5
00
1
0
6
5
00
GJ2
5
4
4
GJ2
2
4
7
(3)
JEFF’S AUTO SUPPLY
SCHEDULE OF ACCOUNTS RECEIVABLE
FEBRUARY 28, 201X
R. Dick
$1
2
1
0
00
5
2
0
PROBLEM 9A-3
(1)
PAYNE’S SNEAKER SHOP
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
1
Cash
10
10
5
0
0
00
Jared Payne, Capital
30
5
0
0
00
Owner Investment
3
Accounts Receivable, B. Durant
12/√
7
0
0
00
Sales
40
7
0
0
00
Sales on Acct. Ticket No. 50
3
Cost of Goods Sold
51
3
8
5
00
Merchandise Inventory
13
3
8
5
00
Cost of merchandise inventory sold
4
Accounts Receivable, Ron Lanham
12/√
5
0
0
00
Sales
40
5
0
0
00
Sale on Acct. Ticket No. 51
4
Cost of Goods Sold
51
3
7
5
00
Merchandise Inventory
13
3
7
5
00
Cost of merchandise inventory sold
9
Accounts Receivable, Jim Zamara
2
0
0
00
Sales
40
2
0
0
00
Sale on Acct. Ticket No. 52
9
Cost of Goods Sold
51
8
5
00
Merchandise Inventory
13
8
5
00
Cost of merchandise inventory sold
10
Cash
10
6
7
2
00
Sales Discount
42
2
8
00
Accounts Receivable, B. Durant
12/√
7
0
0
00
20
Accounts Receivable, Penny Pry
12/√
3
0
0
0
00
Sales
40
3
0
0
0
00
Sale on Acct. Ticket No. 53
20
Cost of Goods Sold
51
2
1
0
0
00
Merchandise Inventory
2
1
0
0
00
Cost of merchandise inventory sold
22
Cash
10
5
0
0
00
PROBLEM 9A-3 (CONTINUED)
PAYNE’S SNEAKER SHOP
GENERAL JOURNAL
PAGE 3
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Mar.
23
Cash
10
3
4
0
0
00
Sales
40
3
4
0
0
00
Cash Sales
23
Cost of Goods Sold
51
2
2
1
0
00
Merchandise Inventory
13
2
2
1
0
00
Cost of merchandise inventory sold
24
Sales Returns and Allowances
44
2
0
0
0
00
Accounts Receivable, Penny Pry
2
0
0
0
00
Issued Credit Memo #1
24
Merchandise Inventory
13
1
2
5
0
00
Cost of Goods Sold
51
1
2
5
0
00
Cost of merchandise inventory returned
26
Cash
10
9
6
0
00
Sales Discount
42
4
0
00
1
0
0
0
00
28
Cash
10
6
2
0
0
00
Sales
40
6
2
0
0
00
Cash Sales
28
Cost of Goods Sold
51
4
0
3
0
00
Merchandise Inventory
13
4
0
3
0
00
Cost of merchandise inventory sold
Sneaker Rack Equipment
14
1
5
0
00
Sold Rack Equipment
30
Accounts Receivable, Ron Lanham
3
4
0
0
00
Sales
40
3
4
0
0
00
Sale on Acct. Sales Ticket No. 54
30
Cost of Goods Sold
51
2
5
5
0
00
Merchandise Inventory
13
2
5
5
0
00
Cost of merchandise inventory sold
(2)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
B. DURANT
ADDRESS
1822 RIVER RD., MEMPHIS, TN 09111
Explanation
Ref.
Debit
Credit
Dr. Balance
1
Balance
2
5
0
Date
Post
NAME
RON LANHAM
ADDRESS
18 MASS. AVE., SAN DIEGO, CA 01999
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
4
5
0
0
1
0
5
0
5
9
5
3
3
5
5
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
PENNY PRY
ADDRESS
918 MOORE DR., HOMEWOOD, IL 60430
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
0
0
8
PROBLEM 9A-3 (CONTINUED)
NAME
JIM ZAMARA
ADDRESS
2 CHESTNUT ST., SWAMPSCOTT, MA 01970
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
1
Balance
5
PAYNE’S SNEAKER SHOP
PARTIAL GENERAL LEDGER
CASH
ACCOUNT NO. 10
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Balance
GJ2
5
GJ3
4
GJ3
2
ACCOUNTS RECEIVABLE
ACCOUNT NO.12
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Balance
2
1
5
GJ2
7
0
2
8
5
GJ2
2
0
3
5
5
GJ2
7
0
2
8
5
GJ2
3
0
0
5
8
5
GJ2
5
0
5
3
5
GJ3
1
0
0
2
3
5
GJ3
3
4
0
5
7
5
PROBLEM 9A-3 (CONTINUED)
MERCHANDISE INVENTORY
ACCOUNT NO. 13
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SNEAKER RACK EQUIPMENT
ACCOUNT NO. 14
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
JARED PAYNE, CAPITAL
ACCOUNT NO. 30
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SALES
ACCOUNT NO. 40
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PROBLEM 9A-3 (CONCLUDED)
SALES DISCOUNT
ACCOUNT NO. 42
Explanation
Ref.
Debit
Credit
Debit
Credit
GJ2
Date
Post
Balance
SALES RETURNS & ALLOWANCES
ACCOUNT NO. 44
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ3
2
COST OF GOODS SOLD
ACCOUNT NO. 51
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ2
4
3
0
7
3
5
0
(3)
PAYNE’S SNEAKER SHOP
SCHEDULE OF ACCOUNTS RECEIVABLE
MARCH 31, 201X
B. Durant
$
2
5
0
00
PROBLEM 9A-4
(1)
CHEVY’S COSMETIC MARKET
GENERAL JOURNAL
PAGE 1
Date
201X
Account Titles and Description
PR
Dr.
Cr.
May
1
Cash
10
9
5
0
0
00
30
5
0
0
00
5
Cash
10
5
3
3
6
00
Lipstick Sales
40
4
6
0
0
00
Cash Sales, Lipstick
5
Cost of Goods Sold
51
3
0
0
0
00
Merchandise Inventory – Lipstick
16
3
0
0
0
00
Cost of merchandise inventory sold
5
Cash
10
2
2
0
4
00
Sales Tax Payable
20
3
0
4
00
Eye Shadow Sales
44
1
9
0
0
00
Cash Sales, Eye Shadow
5
Cost of Goods Sold
51
8
9
0
00
17
8
9
0
00
Cost of merchandise inventory sold
8
Accounts Receivable, Lois Kozak Co.
12/√
6
3
8
00
Sales Tax Payable
20
8
8
00
Lipstick Sales
40
5
5
0
00
Sales on Acct. Ticket No. 1, Kozak
8
Cost of Goods Sold
51
3
2
5
00
Merchandise Inventory – Lipstick
16
3
2
5
00
Cost of merchandise inventory sold
9
Accounts Receivable, Ann Marie Maxwell Co.
12/√
1
8
5
6
00
Sales Tax Payable
20
2
5
6
00
Eye Shadow Sales
44
1
6
0
0
00
Sale on Acct. Ticket No. 2, Maxwell
9
Cost of Goods Sold
51
9
5
0
00
17
9
5
0
00
Sales Tax Payable
20
4
0
00
9
0
19
Cash
10
2
8
2
8
CHEVY’S COSMETIC MARKET
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
21
Accounts Receivable, David Parnell Co.
4
6
4
00
20
6
4
00
40
4
0
0
00
Sales Acct. Ticket No. 3, Parnell
21
Cost of Goods Sold
51
2
9
0
00
Merchandise Inventory – Lipstick
16
2
9
0
00
Cost of merchandise inventory sold
24
Accounts Receivable, Everette Tennis Co.
6
3
8
00
20
8
8
00
44
5
5
0
00
Sales Acct. Ticket No. 4, Everette
24
Cost of Goods Sold
51
3
6
5
00
Merchandise Inventory – Eye Shadow
17
3
6
5
00
Cost of merchandise inventory sold
25
Sales Returns and Allowances
42
2
0
0
00
Sales Tax Payable
20
3
2
Issued Credit Memo #2
25
Merchandise Inventory – Lipstick
16
1
1
0
00
Cost of Goods Sold
51
1
1
0
00
Cost of merchandise inventory returned
29
Cash
10
1
7
6
00
20
5
7
6
00
Lipstick Sales
40
1
2
0
0
00
Eye Shadow Sales
44
2
4
0
0
00
Cash sale
29
Cost of Goods Sold
51
5
0
0
00
16
1
5
0
0
00
Cost of merchandise inventory sold
29
Cost of Goods Sold
51
5
5
0
00
Merchandise Inventory-Lipstick
16
5
5
0
00
Cost of merchandise inventory sold
29
Accounts Receivable, Ann Marie Maxwell Co.
6
3
8
00
40
5
5
0
00
Sales on Acct. Ticket No. 5, Maxwell
29
Cost of Goods Sold
51
1
7
0
00
Merchandise Inventory – Lipstick
16
1
7
0
00
Cost of merchandise inventory sold
31
Cash
10
6
3
8
00
6
3
8
00
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
LOIS KOZAK CO.
ADDRESS
2 RYAN RD., BUFFALO, NY 09113
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
8
GJ1
6
3
8
3
8
2
PROBLEM 9A-4 (CONTINUED)
NAME
ANN MARIE MAXWELL CO.
ADDRESS
14 BONE RD., ENGLEWOOD CLIFFS, NJ 07632
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
9
1
1
1
NAME
DAVID PARNELL CO.
ADDRESS
2 MARION RD., BOSTON, MA 01981
Date
201X
Explanation
Post
Ref.
Debit
Credit
Debit
Balance
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
EVERETTE TENNIS CO.
ADDRESS
4 REEL RD., LANCASTER, PA 04332
Date
201X
Explanation
Post
Ref.
Debit
Credit
PROBLEM 9A-4 (CONTINUED)
PARTIAL GENERAL LEDGER
CASH
ACCOUNT NO. 10
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
1
GJ1
9
5
0
0
00
9
5
0
0
00
GJ1
5
3
3
6
00
14
8
3
6
00
5
GJ1
2
2
0
4
00
17
0
4
0
00
GJ1
9
2
8
00
17
9
6
8
00
GJ2
4
1
7
6
00
22
1
4
4
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 12
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
8
GJ1
6
3
8
00
6
3
8
00
9
GJ1
1
8
5
6
00
2
4
9
4
00
GJ1
2
9
0
00
2
2
0
4
00
GJ1
9
2
8
00
1
2
7
6
00
GJ2
4
6
4
00
1
7
4
0
00
GJ2
6
3
8
00
2
3
7
8
00
GJ2
2
3
2
00
2
1
4
6
00
GJ2
2
MERCHANDISE INVENTORY-LIPSTICK
ACCOUNT NO. 16
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
1
Balance
GJ1
11
0
0
0
00
5
GJ1
3
0
0
0
00
8
0
0
0
00
8
GJ1
3
2
5
00
7
6
7
5
00
15
GJ1
1
5
0
00
7
8
2
5
00
25
GJ2
1
1
0
00
7
6
4
5
00
29
GJ2
5
5
0
00
7
0
9
5
00
PROBLEM 9A-4 (CONTINUED)
MERCHANDISE INVENTORY – EYE SHADOW
ACCOUNT NO. 17
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
1
GJ1
10
0
0
0
00
5
GJ1
8
9
0
00
9
1
1
0
9
GJ1
9
5
0
00
8
1
6
0
3
6
5
00
7
7
9
5
1
5
0
0
00
6
2
9
5
SALES TAX PAYABLE
ACCOUNT NO. 20
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
5
GJ1
7
3
6
00
7
3
6
00
5
GJ1
3
0
4
00
1
0
4
0
00
8
GJ1
8
8
00
1
1
2
8
00
9
GJ1
2
5
6
00
1
3
8
4
00
15
GJ1
4
0
1
3
4
4
00
21
GJ2
6
4
00
1
4
0
8
00
24
GJ2
8
8
00
1
4
9
6
00
25
GJ2
3
2
1
4
4
00
29
GJ2
5
7
6
00
2
0
4
0
00
CHEVY CANTON, CAPITAL
ACCOUNT NO. 30
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
LIPSTICK SALES
ACCOUNT NO. 40
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
5
GJ1
4
6
0
0
00
4
6
0
0
00
8
GJ1
5
5
0
00
5
1
5
0
GJ2
4
0
0
00
5
5
5
0
GJ2
1
2
0
0
00
6
7
5
0
00
PROBLEM 9A-4 (CONTINUED)
SALES RETURNS AND ALLOWANCES, LIPSTICK
ACCOUNT NO. 42
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ1
2
5
0
00
2
5
0
00
GJ2
2
0
0
00
4
5
0
00
EYE SHADOW SALES
ACCOUNT NO. 44
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
5
GJ1
1
9
0
0
00
1
9
0
0
00
9
GJ1
1
6
0
0
3
5
0
0
GJ2
5
5
0
4
0
5
0
GJ2
2
4
0
0
6
4
5
0
COST OF GOODS SOLD
ACCOUNT NO. 51
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
May
5
GJ1
3
0
0
0
00
3
0
0
0
00
5
GJ1
8
9
0
00
3
8
9
0
00
9
GJ1
9
5
0
00
5
1
6
5
00
GJ1
1
5
0
5
1
5
24
3
6
5
7
0
29
1
7
0
8
0
(2)
CHEVY’S COSMETIC MARKET
SCHEDULE OF ACCOUNTS RECEIVABLE
MAY 31, 201X
Lois Kozak Co.
$
3
4
8
00
2
3
2
6
3
8
1
4
6
00
PROBLEM 9B-1 (1)
MACCHIATO AND MORE
GENERAL JOURNAL
PAGE 1
Jun.
1
Accounts Receivable, Fran Co.
7
0
0
00
Grocery Sales
411
7
0
0
00
1
Grocery Cost of Goods Sold
512
5
0
0
00
Grocery Merchandise Inventory
117
5
0
0
00
Cost of merchandise inventory sold
4
Accounts Receivable, Groom Co.
6
5
0
00
Coffee Sales
410
6
5
0
00
Sales Inv. No. 2 on Acct. to Groom
Date
4
Coffee Cost of Goods Sold
511
4
7
5
00
Coffee Merchandise Inventory
116
4
7
5
00
Cost of merchandise inventory sold
8
Accounts Receivable, Dutch Co.
112/√
7
5
0
00
Grocery Sales
411
7
5
0
00
8
Grocery Cost of Goods Sold
512
6
0
0
00
Grocery Merchandise Inventory
117
6
0
0
00
Cost of merchandise inventory sold
Sales Returns and Allowances
412
1
7
0
00
112/√
1
7
0
00
Issued Credit Memo #1
Grocery Merchandise Inventory
117
9
0
00
Grocery Cost of Goods Sold
512
9
0
00
Cost of merchandise inventory returned
15
Accounts Receivable, Groom Co.
112/√
7
0
0
00
Coffee Sales
410
7
0
0
00
Sales Inv. No. 4 on Acct. to Groom
15
Coffee Cost of Goods Sold
511
5
9
0
00
Coffee Merchandise Inventory
116
5
9
0
00
Cost of merchandise inventory sold