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Ram Wholesale Company

Post-Closing Trial Balance


31-Aug-16
Account Titles Debit Credit
Cash $155,100
Accounts Receivable 15,900
Merchandise Inventory, 9/30/15 52,500
Store Supplies 4,100
Office Supplies 2,900
Land 38,000
Delivery Truck 92,000
Accumulated Depreciation, Delivery Truck $750
Accounts Payable 21,100
Unearned Sales Revenue 2,400
Notes Payable (Due 2040) 59,500
Stephanie Ram, Capital 276,750
Totals $360,500 $360,500
Dates Customer Names Credit Terms Balances
Aug-25 Jose Mendes 3/20, N/60 $10,100
Aug-28 Nicholas Jay 2/15, N/45 5,800
Totals $15,900

Jose Mendes
Aug-25 Bal. B/Fwd $10,100
Sep-10 Sales 4500
Sep-20 Receipt ($2,900 0.97) -2813
Sep-20 Discount ($2,900 0.03) -87 -2900
Bal. C/Fwd $11,700

Amy Thomas
Bal. B/Fwd 0
Sep-10 Sales 9300
Sep-20 Receipts -5432
Sep-20 Discount -168 -5600
Bal. C/Fwd 3700

Nicholas Jay
Aug-28 Bal. B/Fwd 5,800
Sep-10 Sales 5000
Sep-20 Receipts -4074
Sep-20 Discount -126 -4200
Bal. C/Fwd 6600

Dora Franklin
Bal. B/Fwd 0
Sep-10 Sales 13300
Sep-13 Returns -5000
Sep-20 Receipts -7954
Sep-20 Discount -246 -8200
Bal. C/Fwd 100
Dates Creditors Names Credit Terms
Aug-22 Lisa Supplies Company 1/10, N/60
Aug-24 Farge Company 2/15, N/45
Aug-26 Mason Retailers 1/20, N/60
Totals

Wiley Retailers
Bal. B/Fwd
Sep-15 Purchases
Sep-22 Payment -1666
Discount -34
Bal. C/Fwd

Lisa Supplies
Aug-22 Bal. B/Fwd
Sep-15 Purchases
Sep-22 Payment -2744
Discount -56
Bal. C/Fwd

Aug-24 Farge Company


Bal. B/Fwd
Sep-15 Purchases
Sep-22 Payment -392
Discount -8
Bal. C/Fwd

Lincoln Wholesale
Bal. B/Fwd
Sep-15 Purchases
Sep-22 Payment -882

Discount -18
Bal. C/Fwd

Mason Retailers
Aug-26 Bal. B/Fwd
Sep-09 Returns
Sep-06 Purchases
Sep-25 Payment -86400
Discount -3600
Balances
$7,600
9,300
4,200
$21,100

$0
2000

-1700
$300

$7,600
1800

-2800
$6,600

$9,300
1000

-400
$9,900

0
2800

-900
$1,900

4,200
-8,000
147600

-90000
$53,800
Date Account Debit ($)
Sep-01 Cash 88,500
Office Supplies 2,100
Stephanie Ram, Capital
Sep-02 Petty Cash 5,000
Cash
Sep-03 Prepaid insurance 3,600
Cash
Sep-06 Purchases 147,600
Accounts payable: Mason Retailers
Sep-08 Freight in 1,850
Cash
Sep-09 Accounts payable: Mason Retailers 8,000
Purchase returns
Sep-10 Accounts receivable: Jose Mendes 4,500
Accounts receivable: Amy Thomas 9,300
Accounts receivable: Nicholas Jay 5,000
Accounts receivable: Dora Franklin 13,300
Sales
Sep-12 Cash 63,000
Notes payable
Sep-13 Sales returns 5,000
Accounts receivable: Dora Franklin
Sep-14 Salaries expense 17,000
Cash
Sep-15 Store Supplies 7,600
Accounts payable: Wiley Retailers
Accounts payable: Lisa Supplies Company
Accounts payable: Farge Company
Accounts payable: Lincoln Wholesale
Sep-17 Delivery truck: Fixed asset 67,000
Cash
Sep-20 Cash 20,273
Discount allowed 627
Accounts receivable: Jose Mendes
Accounts receivable: Amy Thomas
Accounts receivable: Nicholas Jay
Accounts receivable: Dora Franklin
Sep-21 Cash 40,800
Unearned revenue
Sep-22 Accounts payable: Wiley Retailers 1,700
Accounts payable: Lisa Supplies Company 2,800
Accounts payable: Farge Company 400
Accounts payable: Lincoln Wholesale 900
Discount received
Cash
Sep-23 Drawings, Stephanie Ram 3,900
Cash
Sep-24 Cash 213,500
Sales
Sep-25 Accounts payable: Mason Retailers 90,000
Cash
Discount received
Sep-26 Utility Bills 8,000
Cash
Sep-27 Forklift: Fixed asset 32,700
Cash
Sep-28 Wages 17,000
Cash
Sep-29 Postage 350
Repairs 910
Cash short / over 240
Cash
Sep-30 Rent 15,000
Cash
Credit ($)

90,600

5,000

3,600
Terms 4/20, n/45
147,600

1,850

8,000

Terms 3/10, n/60

32,100

63,000

5,000

17,000

2,000 2/10, n/30


1,800
1,000
2,800

67,000

2,900
5,600
4,200
8,200

40,800
116
5,684

3,900

213,500

86,400
3,600

8,000

32,700

17,000

1,500

15,000
Cash
Date Debit Credit Balance
Aug. 31 Balance 155,100
Sept. 1 88,500 243,600
2 5,000 238,600
3 3,600 235,000
8 1,850 233,150
Sep-12 63,000 296,150
Sep-14 17,000 279,150
17 67,000 212,150
20 20,273 232,423
Sep-21 40,800 273,223
Sep-22 5,684 267,539
23 3,900 263,639
24 213,500 477,139
25 86,400 390,739
26 8,000 382,739
27 32,700 350,039
Sep-28 17,000 333,039
Sep-29 1,500 331,539
Sep-30 15,000 316,539

Petty Cash Fund


Date Debit Credit Balance
2 5,000 5,000

Accounts Receivable
Date Debit Credit Balance
Aug. 31 Balance 15,900
Sep-10 32,100 - 48,000
Sep-13 - 5,000 43,000
Sep-20 - 20,900 22,100

Merchandise Inventory
Date Debit Credit Balance
Aug. 31 Balance 52,500

Store Supplies
Date Debit Credit Balance
Aug. 31 Balance 4,100
15 7,600 11,700

Office Supplies
Date Debit Credit Balance
Aug. 31 Balance 2,900
Sept. 1 2,100 0 5,000

Prepaid Insurance
Date Debit Credit Balance
3,600 3,600

Land
Date Debit Credit Balance
Aug. 31 Balance 38,000

Forklift
Date Debit Credit Balance
Sep-27 32,700 32,700

Delivery Truck

Date Debit Credit Balance


Aug. 31 Balance 92,000
Sep-17 67,000 159,000

Accumulated
Depreciation, Delivery
Truck
Date Debit Credit Balance
Aug. 31 Balance 750

Accounts Payable
Date Debit Credit Balance
Aug. 31 Balance 21,100
Sep-06 147600 168,700
8000 0 160,700
Sep-15 7600 168,300
22 5800 0 162,500
Sep-25 90000 0 72,500

Unearned Sales
Revenue
Date Debit Credit Balance
Aug. 31 Balance 2,400
Sep-21 40800 43,200

Notes Payable
Date Debit Credit Balance
Aug. 31 Balance 59,500
12 63000 122,500

Stephanie Ram, Capital

Date Debit Credit Balance

Aug. 31 Balance 276,750


Sept. 1 90600 367,350

Stephanie Ram,
Drawings
Date Debit Credit Balance
23 3,900 3,900

Sales Revenue
Date Debit Credit Balance
10
Sep-10 32100 32,100

0 213500 245,600

Sales Discounts
Date Debit Credit Balance
20 627 627

Sales Returns and


Allowances
Date Debit Credit Balance
13 5,000 5,000

Purchases
Date Debit Credit Balance
6 147,600 147,600

Purchases Discounts

Date Debit Credit Balance


22
116 116
0 3600 3716
Purchases Returns and
Allowances
Date Debit Credit Balance
Sep-09 8000 8000
Freight-In
Date Debit Credit Balance
1850 1850

Salaries Expense
Date Debit Credit Balance
Sep-14 17,000 17,000
Sep-28 17000 34,000

Utilities Expense
Date Debit Credit Balance
Sep-26 8,000 8,000

Repair Supplies
Expense
Date Debit Credit Balance
29 910 910

Postage Expense
Date Debit Credit Balance
29 350 350

Rent Expense
Date Debit Credit Balance
30 15,000 15,000
Cash Short & Over
Date Debit Credit Balance
29 240 240
Trial Balance Dr. ($)
Cash 316,539
Petty Cash Fund 5,000
Accounts Receivable 22,100
Merchandise Inventory 52,500
Store Supplies 11,700
Office Supplies 5,000
Prepaid Insurance 3,600
Land 38,000
Forklift 32,700
Delivery Truck 159,000
Accumulated Depreciation, Delivery Truck
Accounts Payable
Unearned Sales Revenue
Notes Payable
Stephanie Ram, Capital
Stephanie Ram, Drawings 3,900
Sales Revenue
Sales Discounts 627
Sales Returns and Allowances 5,000
Purchases 147,600
Purchases Discounts
Purchases Returns and Allowances
Freight-In 1,850
Salaries Expense 34,000
Utilities Expense 8,000
Repair Supplies Expense 910
Postage Expense 350
Rent Expense 15,000
Cash Short & Over 240
Total 863,616
Cr. ($)

750
72,500
43,200
122,500
367,350

245,600

3,716
8,000

863,616
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