acc 225 week 9 final project comprehensive problem-perpetual
TRANSCRIPT
Student Name:
Class:
Problem 07-05A
CHOI ENTERPRISES
Sales Journal
Cost of Goods
Inv. Trans. A/R Debit Sold Debit
Date Account Debited No. No. Sales Credit Inventory Credit
Dec. 6 Marge Craig 913 3 3,300 1,500
12 Hanna Sepp 914 4 3,650 2,850
15 Bo Brown 915 5 3,100 1,800
16 Hanna Sepp 916 6 7,700 4,600
24 Shilo Jones 917 7 1,200 600
31 Totals 18,950 11,350
Correct! Correct!
CHOI ENTERPRISES
Purchases Journal
Accounts
Date of Trans. Payable Purchases
Date Account Invoice Terms No. Credit Debit
Dec. 2 Funk Compan 12/2 2/10, n/60 2 3,200 3,200
5 KK's Supply C 12/3 n/10 EOM 3 1,300 1,300
15 Funk Compan 12/15 2/10, n/60 4 3,990 3,990
15 Crossland C 12/15 2/10, n/60 5 2,650 2,650
17 KK's Supply C 12/16 n/10 EOM 6 615
21 Store Equip./ 12/21 n/10 EOM 7 6,700
26 Crossland C 12/25 2/10, n/60 8 8,100 8,100
31 Totals 26,555 19,240
Correct! Correct!
CHOI ENTERPRISES
Cash Receipts Journal
Sales Accounts
Trans. Cash Discount Recv.
Date Account Cr. Explanation No. Debit Debit Credit
Dec. 2 Shilo Jones Invoice 11/23 3 4,116 84 4,200
15 Sales Cash sales 4 38,830
15 Marge Craig Invoice 12/6 5 2,401 49 2,450
22 Hanna SeppaInvoice 12/12 6 3,577 73 3,650
25 Bo Brown Invoice 12/15 7 2,548 52 2,600
29 Office Suppli Sold supplies 8 50
31 Sales Cash sales 9 29,600
31 Totals 81,122 258 12,900
Correct! Correct! Correct!
CHOI ENTERPRISES
Cash Disbursements Journal
Check Account Trans. Cash Inventory
Date No. Payee Debited No. Credit Credit
Dec. 2 619 Omni Realty CoRent Expense 4 2,250
6 620 Fireside Comp Fireside Company 5 3,724 76
12 621 Funk CompanyFunk Company 6 3,136 64
15 622 Jamie Inman Sales Salaries Exp. 7 2,020
23 623 Crossland Co. Crossland Co. 8 2,597 53
24 624 Funk CompanyFunk Company 9 2,891 59
30 625 Ken Choi Ken Choi, Withdr. 10 2,500
31 626 Jamie Inman Sales Salaries Exp. 11 2,020
31 627 Access Elec. C Utilities Expense 12 710
31 Totals 21,848 252
Correct! Correct!
CHOI ENTERPRISES
General Journal
Trans.
Date Description No. Debit Credit
Dec. 4 Accounts Payable-Fi 2 460
Inventory 460 «- Correct!
9 Sales Returns and Al 3 850
Accounts Receivable-Marge Craig 850 «- Correct!
17 Accounts Payable-Fu 4 1,040
Inventory 1,040 «- Correct!
18 Accounts Payable-KK' 5 40
Office Supplies 40 «- Correct!
20 Sales Returns and Al 6 500
Accounts Receivable-Bo Brown 500 «- Correct!
CHOI ENTERPRISES
General Ledger
Cash Account No. 101
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 5,361
Dec. 31 CRJ 81,122 86,483
31 CDJ 21,848 64,635 «- Correct!
Accounts Receivable Account No. 106
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 4,200
Dec. 9 GJ3 850 3,350
20 GJ6 500 2,850
31 SJ 18,950 21,800
31 CRJ 12,900 8,900 «- Correct!
Merchandise Inventory Account No. 119
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 66,970
Dec. 4 460 66,510
Dec. 17 1,040 65,470
Dec. 31 CDJ 252 65,218
Dec. 31 PJ 19,240 84,458
Dec. 31 SJ 11,350 73,108
Dec. 31 CRJ 31,000 42,108 «- Correct!
Office Supplies Account No. 124
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 607
Dec. 18 GJ5 40 567
29 CR8 50 517
31 PJ6 615 1,132 «- Correct!
Store Supplies Account No. 125
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 346 «- Correct!
Store Equipment Account No. 165
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 42,129
Dec. 21 PJ7 6,700 48,829 «- Correct!
Accumulated Depr. - Store Equipment Account No. 166
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 9,153 «- Correct!
Accounts Payable Account No. 201
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 4,260
Dec. 4 GJ2 460 3,800
17 GJ4 1,040 2,760
18 GJ5 40 2,720
31 PJ 26,555 29,275
31 CDJ 12,600 16,675 «- Correct!
Ken Choi, Capital Account No. 308
Trans.
Date Item no. Debit Credit Balance
Nov. 30 Balance 106,200 «- Correct!
Ken Choi, Withdrawals Account No. 318
Trans.
Date Item no. Debit Credit Balance
Dec. 30 CD10 2,500 2,500 «- Correct!
Sales Account No. 413
Trans.
Date Item no. Debit Credit Balance
Dec. 31 SJ 18,950 18,950
31 CRJ 68,430 87,380 «- Correct!
Sales Returns and Allowances Account No. 414
Trans.
Date Item no. Debit Credit Balance
Dec. 31 GJ3 850 850
31 GJ6 500 1,350 «- Correct!
Sales Discounts Account No. 415
Trans.
Date Item no. Debit Credit Balance
Dec. 31 CRJ 258 258 «- Correct!
Cost of Goods Sold Account No. 502
Trans.
Date Item no. Debit Credit Balance
Dec. 31 CRJ 31,000 31,000
Dec. 31 SJ 11,350 42,350 «- Correct!
Sales Salaries Expense Account No. 621
Trans.
Date Item no. Debit Credit Balance
Dec. 15 CD7 2,020 2,020
31 CD11 2,020 4,040 «- Correct!
Rent Expense Account No. 640
Trans.
Date Item no. Debit Credit Balance
Dec. 2 CD4 2,250 2,250 «- Correct!
Utilities Expense Account No. 690
Trans.
Date Item no. Debit Credit Balance
Dec. 31 CD12 710 710 «- Correct!
CHOI ENTERPRISES
Accounts Receivable Ledger
Marge Craig
Trans.
Date Item no. Debit Credit Balance
Dec. 6 SJ3 3,300 3,300
9 GJ3 850 2,450
15 CR5 2,450 0 «- Correct!
Hanna Seppa
Trans.
Date Item no. Debit Credit Balance
Dec. 12 SJ4 3,650 3,650
16 SJ6 7,700 11,350
22 CR6 3,650 7,700 «- Correct!
Shilo Jones
Trans.
Date Item no. Debit Credit Balance
Nov. 23 4,200 4,200
Dec. 2 CR3 4,200 0
24 SJ7 1,200 1,200 «- Correct!
Bo Brown
Trans.
Date Item no. Debit Credit Balance
Dec. 15 SJ5 3,100 3,100
20 GJ6 500 2,600
25 CR7 2,600 0 «- Correct!
CHOI ENTERPRISES
Accounts Payable Ledger
Fireside Company
Trans.
Date Item no. Debit Credit Balance
Nov. 28 4,260 4,260
Dec.4 GJ2 460 3,800
6 CD5 3,800 0 «- Correct!
KK's Supply Company
Trans.
Date Item no. Debit Credit Balance
Dec. 5 PJ3 1,300 1,300
17 PJ6 615 1,915
18 GJ5 40 1,875
21 PJ7 6,700 8,575 «- Correct!
Crossland Company
Trans.
Date Item no. Debit Credit Balance
Dec. 15 PJ5 2,650 2,650
23 CD8 2,650 0
26 PJ8 8,100 8,100 «- Correct!
Funk Company
Trans.
Date Item no. Debit Credit Balance
Dec. 2 PJ2 3,200 3,200
12 CD6 3,200 0
15 PJ4 3,990 3,990
17 GJ4 1,040 2,950
24 CD9 2,950 0 «- Correct!
CHOI ENTERPRISES
Trial Balance
December 31
Debit Credit
Cash $64,635
Accounts receivable 8,900
Merchandise inventory 42,108
Office supplies 1,132
Store supplies 346
Store equipment 48,829
Accumulated depreciation, store equipment $9,153
Accounts payable 16,675
Ken Choi, Capital 106,200
Ken Choi, Withdrawals 2,500
Sales 87,380
Sales returns and allowances 1,350
Sales discounts 258
Cost of goods sold 42,350
Sales salaries expense 4,040
Rent expense 2,250
Utilities expense 710
Totals $219,408 $219,408
Correct! Correct!
CHOI ENTERPRISES
Schedule of Accounts Receivable
December 31
Hanna Seppa $7,700
Shilo Jones 1,200
Total accounts receiv $8,900
Correct!
CHOI ENTERPRISES
Schedule of Accounts Payable
December 31
KK's Supply Compan $8,575
Crossland Company 8,100
Total accounts payabl $16,675
Correct!
CHOI ENTERPRISES
Purchases Journal
Office Other
Supplies Accounts
Debit Debit
615
6,700
615 6,700
Correct! Correct!
CHOI ENTERPRISES
Cash Receipts Journal
Other COGS
Sales Accounts Debit
Credit Credit Inv. Credit
38,830 19,800
50
29,600 11,200
68,430 50 31,000
Correct! Correct! Correct!
CHOI ENTERPRISES
Cash Disbursements Journal
Other Accts.
Accts. Pay.
Debit Debit
2,250
3,800
3,200
2,020
2,650
2,950
2,500
2,020
710
9,500 12,600
Correct! Correct!