R. Kotsay B.

Boxberger
Date Ref. Debit Credit Balance Date Ref. Debit
1-Jan BB 1500 1-Jan BB
11-Jan S1 2900 4400 7-Jan CR1
22-Jan S1 800 5200 25-Jan S1 3500

S. Andrus B. Berg
Date Ref. Debit Credit Balance Date Ref. Debit
1-Jan BB 4000 3-Jan S1 3600
7-Jan CR1 4000 0 13-Jan CR1
11-Jan S1 900 900 22-Jan S1 3700
21-Jan CR1 900 0

J. Lutz
Date Ref. Debit Credit Balance
3-Jan S1 1800 1800
9-Jan G1 300 1500
13-Jan CR1 1500 0
25-Jan S1 6100 6100
B. Boxberger
Credit Balance
7500
2000 5500
9000

B. Berg
Credit Balance
3600
3600 0
3700
 S. Otero
Date Ref. Debit Credit Balance Date Ref.
1-Jan $ 9,000 1-Jan
9-Jan CP1 $ 9,000 $ - 21-Jan G1
16-Jan P1 $ 13,900 $ 13,900
18-Jan G1 $ 200 $ 13,700
23-Jan CP1 $ 13,700 $ -

D. Baroni
Date Ref. Debit Credit Balance Date Ref.
1-Jan $ 11,000 5-Jan P1
9-Jan CP1 $ 11,000 $ - 16-Jan P1
16-Jan P1 $ 12,000 $ 12,000 27-Jan P1
23-Jan CP1 $ 12,000 $ -
27-Jan P1 $ 12,500 $ 12,500

D. Kahn In
Date Ref. Debit Credit Balance Date Ref.
5-Jan P1 $ 2,700 $ 2,700
27-Jan P1 $ 1,200 $ 3,900
$ 3,900
$ 3,900
$ 3,900
$ 3,900
$ 3,900
$ 3,900
 R. Rasmus
Debit Credit Balance
$ 15,000
$ 15,000 $ -

S. Colt
Debit Credit Balance
$ 5,000 $ 5,000
$ 1,500 $ 6,500
$ 2,800 $ 9,300

Insert Vendor Name

Debit Credit Balance

$ -
$ -
$ -
$ -
$ -
$ -
$ -
Sales Journal
Accts. Receivable
Invoice DR Sales Revenue
Date Accounts Debited No. Ref. CR
3-Jan B. Berg 510 $ 3,600
3-Jan J. Lutz 511 $ 1,800
11-Jan R. Kotsay 512 $ 2,900
11-Jan S. Andrus 513 $ 900
22-Jan B. Berg 514 $ 3,700
22-Jan R. Kotsay 515 $ 800
25-Jan B. Boxberger 516 $ 3,500
25-Jan J. Lutz 517 $ 6,100
Total $ 23,300
pts Journal
Sales Accounts Sales Other
Cash Discounts Receivable Revenue Accounts
Date Account Credited Ref. DR DR CR CR CR
7-Jan S. Andrus $ 4,000 $ 4,000
7-Jan B. Boxberger $ 2,000 $ 2,000
10-Jan Cash Sales $ 15,500 $ 15,500
13-Jan B. Berg $ 9,100 $ 9,100
13-Jan J. Lutz $ 1,500 $ 1,500
20-Jan Cash Sales $ 17,500 $ 17,500
21-Jan S. Andrus $ 900 $ 900
31-Jan Cash Sales $ 22,920 $ 22,920
Total $ 73,420 $ 17,500 $ 55,920
Purchase Journal P1
Purchases DR
Date Account Credited Ref. Accounts Payable CR
5-Jan S. Colt $ 5,000
5-Jan D. Kahn $ 2,700
16-Jan D. Baroni $ 12,000
16-Jan S. Otero $ 13,900
16-Jan S. Colt $ 1,500
27-Jan D. Baroni $ 12,500
27-Jan D. Kahn $ 1,200
27-Jan S. Colt $ 2,800
$ 51,600
Cash Payments Journal
Ck. Other Accounts Supplies
Date No. Account Debited Ref. Accounts DR Payable DR DR
8-Jan Freight-in 180
12-Jan Rent Expense 1000
17-Jan Supplies 400
23-Jan S. Otero 22700
23-Jan D. Baroni 23000
28-Jan Supplies 200
31-Jan Sales and Office Salaries 7900
9080 45700 600
 CP1
Cash
CR
180 Note: Start check numbers with 101
1000
400
22700
23000
200
7900
55380
General Journal
Date Account Title and Explanation Ref.
Opening Entry Cash 101
Accounts Receivable 112
Notes Receivable 115
Inventory 120
Supplies 126
Prepaid insurance 130
equipment 157
Accumulated Depreciation-equip 158
Accounts Payable 201
Owners Capital 301
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
General Journal
Date Account Title and Explanation Ref.
 G1
Debit Credit
 G2
Debit Credit
 G3
Debit Credit
 G4
Debit Credit
 G5
Debit Credit
 G6
Debit Credit
 G7
Debit Credit
 G8
Debit Credit
 G9
Debit Credit
 Trial Balance Adjustments Adjusted Trial Balance Income Statem
Debit Credit Debit Credit Debit Credit Debit
Cash 37,790 37,790
Supplies 1,600 900 700
Prepaid insurance 2,000 200 1,800
Equipment 6,450 6,450
Notes Payable 15,000 30 15,030
Accounts Payable 18,000 18,000
Unearned Service Revenue
Owners Capital 78,700 78,700
Owners Drawings 800 800
Sales Revenue 79,220 79,220
Accum. Depreciation-Equip 1,500 125 1,625
Freight Expense 180 180
Accounts Receivable 23,800 23,800
Notes Recievable 39,000 39,000
Inventory 71,600 56,600 15,000
Sales returns and allowances 300 300 ###
Rent Expense 1,000 1,000 ###
Salaries and Wages Expense 7,900 7,900 ###
Total 192,420 192,420

Supplies Expense 900 900 ###

Insurance Expense 200 200 ###
Depriciation Expense 125 125 ###
Intrest Expense 30 30 ###
Cost of goods Sold 56,600 56,600 ###
Totals 57,855 57,855 192,575 192,575 67,055

Net Income 12,185

Totals
Income Statement Balance Sheet
Credit Debit Credit
###
###
###
###
###
###

###
###
79,220
###

###

###

79,220 86,340 113,355

 Cash 101
BB 33,750
NOTE: You can use T-Accounts or Ledger Cards
Both are not required
 Cash 101 Accounts Recievable
Date Ref. Debit Credit Balance Date Ref. Debit
BB $ 33,750 $ 33,750 BB $ 13,000
5-Jan $ 7,700 $ 26,050 3-Jan $ 5,100
7-Jan $ 6,000 $ 32,050 7-Jan
8-Jan $ 180 $ 31,870 9-Jan
9-Jan $ 20,000 $ 11,870 11-Jan $ 3,800
10-Jan $ 15,500 $ 27,370 13-Jan
12-Jan $ 1,000 $ 26,370 21-Jan
13-Jan $ 5,100 $ 31,470 22-Jan $ 4,500
15-Jan $ 800 $ 30,670 25-Jan $ 9,600
17-Jan $ 400 $ 30,270
20-Jan $ 17,500 $ 47,770
21-Jan $ 900 $ 48,670
23-Jan $ 25,700 $ 22,970
28-Jan $ 200 $ 22,770
31-Jan $ 22,920 $ 45,690
31-Jan $ 7,900 $ 37,790

Supplies 126 Prepaid insurance

Date Ref. Debit Credit Balance Date Ref. Debit
BB $ 1,000 $ 1,000 BB $ 2,000
17-Jan $ 400 $ 1,400
28-Jan $ 200 $ 1,600

Accounts Payable 201 Owners Capital

Date Ref. Debit Credit Balance Date Ref. Debit
1-Jan BB $ 35,000 $ 35,000 1-Jan BB
$ 20,000 $ 15,000
$ 27,400 $ 42,400
$ 200 $ 42,200
$ 15,000 $ 27,200
$ 25,700 $ 1,500
$ 16,500 $ 18,000

Rent Expense 729 Owners Drawings

Date Ref. Debit Credit Balance Date Ref. Debit
12-Jan $ 1,000 $ 1,000 15-Jan $ 800
Accounts Recievable 112
Credit Balance
$ 13,000
$ 18,100
$ 6,000 $ 12,100
$ 200 $ 11,900
$ 15,700
$ 5,100 $ 10,600
$ 900 $ 9,700
$ 14,200
$ 23,800

Prepaid insurance 130

Credit Balance
$ 2,000

Owners Capital 301

Credit Balance
$ 78,700 $ 78,700

Owners Drawings 306

Credit Balance
$ 800