19
Grocery Cost of Goods Sold
512
6
1
00
Grocery Merchandise Inventory
117
6
1
0
00
Cost of merchandise inventory sold
25
Accounts Receivable, Fran Co.
4
0
00
Sales Inv. No 6 on Acct. to Fran
25
Coffee Cost of Goods Sold
511
2
8
00
(2)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
DUTCH CO.
ADDRESS
8 JOSS AVE., LYNN, MA 01947
1
NAME
FRAN CO.
ADDRESS
942 MOSE ST., REVERE, MA 01938
PROBLEM 9B-1 (CONTINUED)
NAME
GROOM CO.
ADDRESS
10 LOST RD., TOPSFIELD, MA 01998
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
4
6
5
0
6
5
0
15
7
0
0
00
1
3
5
0
MACCHIATO AND MORE
GENERAL LEDGER
ACCOUNTS RECEIVABLE
ACCOUNT NO. 112
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jun.
1
GJ1
7
0
0
00
7
0
0
00
8
2
GJ1
1
7
0
00
1
9
3
0
00
COFFEE MERCHANDISE INVENTORY
ACCOUNT NO. 116
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ1
7
0
0
0
00
4
6
5
PROBLEM 9B-1 (CONTINUED)
GROCERY MERCHANDISE INVENTORY
ACCOUNT NO. 117
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
COFFEE SALES
ACCOUNT NO. 410
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GROCERY SALES
ACCOUNT NO. 411
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SALES RETURNS AND ALLOWANCES
ACCOUNT NO. 412
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
PROBLEM 9B-1 (CONTINUED)
COFFEE COST OF GOODS SOLD
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GROCERY COST OF GOODS SOLD
ACCOUNT NO. 512
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jun.
1
GJ1
5
0
0
00
5
0
0
00
(3)
MACCHIATO AND MORE
SCHEDULE OF ACCOUNTS RECEIVABLE
JUNE 30, 201X
Dutch Co.
$1
4
5
0
00
3
5
0
PROBLEM 9B-2
(1)
JACK’S AUTO SUPPLY
GENERAL JOURNAL PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
1
Accounts Receivable, R. Nonack
110/√
7
1
4
00
Auto Part Sales
410
7
0
0
00
Cost of merchandise inventory sold
5
Accounts Receivable, J. Seth
110/√
6
1
2
00
Sales Tax Payable
210
1
2
00
Auto Part Sales
410
6
0
0
00
Sold Seth Inv. No. 71
5
Cost of Goods Sold
511
3
9
0
00
Merchandise Inventory
116
3
9
0
00
Cost of merchandise inventory sold
8
Accounts Receivable, L. Corner
110/√
11
2
2
0
00
Auto Parts Sales
410
0
0
0
00
8
Cost of Goods Sold
511
1
5
0
00
10
Sales Returns and Allowances
420
2
1
0
00
Sales Tax Payable
210
4
20
Accounts Receivable, R. Nonack
110/√
2
1
4
20
Issued Credit Memo #12
10
Merchandise Inventory
116
1
4
5
00
Cost of Goods Sold
511
1
4
5
00
Cost of merchandise inventory returned
12
Accounts Receivable, J. Seth
110/√
6
1
2
00
Sales Tax Payable
210
1
2
00
PROBLEM 9B-2 (CONTINUED)
(2)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
R. NONACK
ADDRESS
12 ASTER RD., MERIMACK, NH 02134
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Balance
1
4
NAME
J. SETH
ADDRESS
22 REESE ST., LACONIA, NH 04321
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
1
5
1
NAME
L. CORNER
ADDRESS
9 ROE ST., BARTLETT, NH 01382
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
1
8
PROBLEM 9B-2 (CONTINUED)
JACK’S AUTO SUPPLY
PARTIAL GENERAL LEDGER
ACCOUNTS RECEIVABLE
ACCOUNT NO. 110
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
Balance
√
1
6
5
0
00
5
GJ2
6
1
2
2
9
7
6
00
GJ2
2
1
4
20
13
9
8
1
80
MERCHANDISE INVENTORY
ACCOUNT NO. 116
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
Balance
√
14
0
0
00
SALES TAX PAYABLE
ACCOUNT NO. 210
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
Balance
√
1
0
0
0
00
1
GJ2
1
4
00
1
0
1
4
00
5
GJ2
1
2
00
1
0
2
6
00
8
GJ2
2
2
0
00
1
2
4
6
00
10
GJ2
4
20
1
2
4
1
80
GJ2
1
2
00
1
2
5
3
80
AUTO PARTS SALES
ACCOUNT NO. 410
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
SALES RETURNS AND ALLOWANCES
ACCOUNT NO. 420
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
COST OF GOODS SOLD
ACCOUNT NO. 511
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Jan.
1
GJ2
4
8
5
00
4
5
00
5
GJ2
3
9
0
00
8
5
00
(3)
JACK’S AUTO SUPPLY
SCHEDULE OF ACCOUNTS RECEIVABLE
JANUARY 31, 201X
R. Nonack
$1
8
9
9
80
5
9
3
80
PROBLEM 9B-3
(1)
PENEY’S SNEAKER SHOP
GENERAL JOURNAL
PAGE 2
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Aug.
1
Cash
10
13
5
0
0
00
Max Peney, Capital
30
13
5
0
0
00
Owner Investment
3
Accounts Receivable, B. Donovan
12/√
6
0
0
00
Sales
40
6
0
0
00
Sale on Acct. Ticket No. 70
Merchandise Inventory
13
4
1
0
00
Cost of merchandise inventory sold
4
Accounts Receivable, Ron Littler
12/√
4
0
0
00
Sales
40
4
0
0
00
Sales on Acct. Ticket No. 71
4
Cost of Merchandise Sold
51
2
6
5
00
Merchandise Inventory
13
2
6
5
00
Cost of merchandise inventory sold
9
Accounts Receivable, Jim Zamora
12/√
1
0
0
00
Sales
40
1
0
0
00
Sales on Acct. Ticket No. 72
9
Cost of Merchandise Sold
51
5
0
00
Merchandise Inventory
13
5
0
00
Cost of merchandise inventory sold
10
Cash
10
5
7
6
00
Sales Discount
42
2
4
00
Accounts Receivable, B. Donovan
12/√
6
0
0
00
Sales Ticket No. 70 Paid by Donovan
20
Accounts Receivable, Page Pry
12/√
4
0
0
0
00
Sales
40
4
0
0
0
00
Sale on Acct. Ticket No. 73
20
Cost of Merchandise Sold
51
2
7
5
0
00
Merchandise Inventory
13
2
7
5
0
00
Cost of merchandise inventory sold
Cash
Accounts Receivable, Ron Littler
12/√
4
0
0
00
PROBLEM 9B-3 (CONTINUED)
PENEY’S SNEAKER SHOP
GENERAL JOURNAL
PAGE 3
Date
201X
Account Titles and Description
PR
Dr.
Cr.
Aug.
23
Cash
10
3
0
0
0
00
40
3
0
0
0
00
23
Cost of Merchandise Sold
51
1
9
5
0
13
1
9
5
0
00
24
Sales Returns and Allowances
44
2
1
0
0
00
12/√
2
1
0
0
Issued Credit Memo #1
24
Merchandise Inventory
13
1
3
0
0
00
Cost of Goods Sold
51
1
3
0
0
00
Cost of merchandise inventory returned
26
Cash
10
1
8
2
4
00
Sales Discount
42
7
6
00
Accounts Receivable, Page Pry
1
9
0
0
00
28
Cash
10
6
6
0
0
00
Sales
40
6
0
0
00
Cash Sales
28
Cost of Merchandise Sold
51
5
2
0
0
00
Merchandise Inventory
13
5
2
0
0
00
Cost of merchandise inventory sold
30
Cash
10
6
5
0
00
Sneaker Rack Equipment
14
6
5
0
00
Sold Rack Equipment
30
Accounts Receivable, Ron Littler
12/√
4
4
0
0
00
Sales
40
4
4
0
0
00
Sales on Acct. Sales Ticket No. 74
30
Cost of Merchandise Sold
51
3
5
0
0
00
Merchandise Inventory
3
5
0
0
31
Sales Returns and Allowances
44
7
7
0
00
(2)
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
B. DONOVAN
ADDRESS
1822 RIVER RD., MEMPHIS, TN 38111
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Aug.
1
Balance
√
3
7
5
00
3
6
0
0
9
7
5
00
6
0
0
3
7
5
00
NAME
RON LITTLER
ADDRESS
18 MASS. AVE., SAN DIEGO, CA 92190
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Aug.
1
Balance
√
9
0
0
00
4
4
0
0
1
3
0
0
00
4
0
0
9
0
0
00
4
4
0
0
5
3
0
0
00
7
7
0
4
5
3
0
00
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
NAME
PAGE PRY
ADDRESS
918 MOORE DR., HOMEWOOD, IL 60430
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
1
4
4
2
PROBLEM 9B-3 (CONTINUED)
NAME
JIM ZAMORA
ADDRESS
2 CHESTNUT ST., SWAMPSCOTT, MA 01970
Date
201X
Explanation
Post
Ref.
Debit
Credit
Dr. Balance
Aug.
1
Balance
3
5
0
00
PENEY’S SNEAKER SHOP
PARTIAL GENERAL LEDGER
CASH
ACCOUNT NO.10
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
1
GJ2
13
5
0
0
00
30
0
0
0
00
10
GJ2
5
7
6
00
30
5
7
6
00
22
GJ2
4
0
0
00
30
9
7
6
00
23
3
0
0
0
00
33
9
7
6
00
26
GJ3
1
8
2
4
00
35
8
0
0
00
ACCOUNTS RECEIVABLE
ACCOUNT NO. 12
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Aug.
1
Balance
√
2
3
7
5
00
3
GJ2
6
0
0
00
2
9
7
5
00
4
GJ2
4
0
0
00
3
3
7
5
00
9
GJ2
1
0
0
00
3
4
7
5
00
10
GJ2
6
0
0
00
2
8
7
5
00
20
GJ2
4
0
0
0
00
6
8
7
5
00
22
GJ2
4
0
0
00
6
4
7
5
00
24
GJ3
2
1
0
0
00
4
3
7
5
00
26
GJ3
1
9
0
0
00
2
4
7
5
00
30
GJ3
4
0
0
00
6
8
7
5
00
PROBLEM 9B-3 (CONTINUED)
MERCHANDISE INVENTORY
ACCOUNT NO. 13
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
1
Balance
√
18
0
0
00
3
GJ2
4
1
0
00
17
5
0
00
4
GJ2
2
6
5
00
17
3
5
00
SNEAKER RACK EQUIPMENT
ACCOUNT NO. 14
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Aug.
1
Balance
1
0
0
0
00
MAX PENEY, CAPITAL
ACCOUNT NO. 30
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Balance
0
0
0
1
5
0
0
00
5
0
0
SALES
ACCOUNT NO. 40
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Aug.
1
Balance
√
2
4
0
0
00
3
GJ2
6
0
0
00
3
0
0
0
00
4
4
0
0
00
3
4
0
0
4
0
0
0
00
7
5
0
0
PROBLEM 9B-3 (CONTINUED)
SALES DISCOUNTS
ACCOUNT NO. 42
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
GJ2
GJ3
7
6
1
0
0
00
SALES RETURNS AND ALLOWANCES
ACCOUNT NO. 44
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
COST OF GOODS SOLD
ACCOUNT NO. 51
Date
201X
Explanation
Post
Ref.
Debit
Credit
Balance
Debit
Credit
Mar.
3
4
1
0
00
4
0
00
(3)
PENEY’S SNEAKER SHOP
SCHEDULE OF ACCOUNTS RECEIVABLE
AUGUST 31, 201X
B. Donovan
$
3
7
5
00
5
3
7
5
0
4
5
0