A D 1 A50 fx Had a clearning service service tidy up the store front B TRANSACTION LIST Advise the amounts that you will be using to establish your company's information. You will start with no opening balances. Owner Invested money into the business Prepaid for 3-months of rent Performed services but will be paid later Took out a bank loan Purchased some machinery from the above loan Was paid for services to be performed later Purchased office supplies on account Owner withdrew money from the business Received a telephone bill to pay later Purchased office supplies and paid at vendor Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 30 31 32 33 34 35 36 37 PETTY CASH At times it just does not make sense to write a cheque for the little incidentals that happen in the office. petty cash to pay for some minor transactions. Choose 5 options for Petty cash. The employees that you completely up to you. You are in charge of the petty cash and thus the authorizor for all transactions. Ran out of flour. Purchased a large bag at the local store until delivery arrives IT Tech came in to fix the POS system Went over to Staples for a few notebooks for office supply cabinet Got the company truck washed Used the last Bandages from the First Aid kit when Karl cut himself slicing carrots. Restocked at drug store 38 39 40 41 42 43 Use your 44 use is 45 46 47 48 49 Had a clearning service service tidy up the store front Kevin was goofing around in the kitchen and broke a garbage pail. Went to Swish to replace. 50 Account Number Account Account Number Account Assets Revenue Expenses Liabilities Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 TOURNAL Date Account Title an A1 X fx JOURNAL A B D E JOURNAL Date Account Title and Explanation PR Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 A1 X fx JOURNAL Name Box B D E JOURNAL Date Account Title and Explanation PR Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 A1 X fx JOURNAL B D E Name Box 1 JOURNAL 2 Date Account Title and Explanation PR Debit Credit 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 of product 30 31 32 F29 A x fx A B 1 E F G H PETTY CASH LOG FROM TO REPORTING PERIOD PLEROSE APPROVED BY RECEIPT AMOUNT BALANCE BEGINNING BALANCE 1 2 1 DATE PAID TO / 4 DECFIVE FROM 5 6 7 8 9 10 11 12 12 TOTAL 14 PETTY CASH RECONCILIATION 15 16 17 18 19 20 21 22 21 24 25 26 27 FINAL CASH ON HAND DIFFERENCE PETTY CASH REIMBURSEMENT BALANCE FORWARD Made sales of product Cost for the inventory that was sold Amount of the invoice (above) tha: returns and discounts will be applied to Customer return some damaged prodact that cannot be returned to stock Customer return some product that was returned to Cost for the inventory that was returned Discount percentage applied for early payment Center as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account Table 1 Table 2 Table 3 Table 4 Table 5 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 A30 X V fx A B D E F G H 1 J BANK Description Date Withdrawl Deposit Balance 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Account: 17 Date 18 19 20 21 22 23 24 25 26 27 28 29 Made sales of product 30 31 32 Balance per Bank Statement 33 34 35 36 37 38 Balance per Books Had a clearing service service tidy up the store front Kevin was goofing around in the kitchen and broke a garbage pail. Went to Swish to replace. 50 D E GL No: Balance CR A B LEDGER 1 2 Cash 3 Description DR 4 5 6 7 8 9 10 11 12 13 14 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that retums and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer retum some product that was returned to stock Cost for the inventory that was returned Discount percentage 15 16 17 18 D E GL No: Balance CR A B LEDGER 1 2 Cash 3 Description DR 4 5 6 7 8 9 10 11 12 13 14 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that retums and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer retum some product that was returned to stock Cost for the inventory that was returned Discount percentage 15 16 17 18 A B D E F G Account: Date GL No: Balance Description PR DR CR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Account: 25 Date 26 27 28 29 of product 30 31 GL No: Balance Description PR DR CR A50 4 x v fx Had a clearning service service tidy up the store front B D E F G GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR 1 Account: 2 Date 3 4 5 6 7 8 9 10 11 12 13 14 Account: 15 Date 16 17 18 19 20 Account: 21 Date 22 23 24 25 26 27 28 29 of product 30 Account: 31 Date 32 33 34 35 GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR A50 2 x fx Had a clearning service service tidy up the store front B D E F G Account: Date GL No: Balance Description PR DR CR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Account: Date GL No: 210 Balance Description PR DR CR Account: Date GL No: 300 Balance Description PR DR CR GL No: Balance Description PR DR CR 21 22 23 24 25 Account: 26 Date 27 28 29 of product 30 Account: 31 Date 32 33 34 GL No: Balance Description PR DR CR A50 x fx Had a clearning service service tidy up the store front B D E F G GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR 1 Account: 2 Date 3 4 5 6 Account: 7 Date 8 9 10 11 12 Account: 13 Date 14 15 16 17 Account: 18 Date 19 20 21 22 23 Account: 24 Date 25 26 27 28 Account: 29 Made sales 30 31 32 33 GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR D18 4 x fx B D E F G GL No: 1 2 Account: Date Description PR DR CR Balance 3 4 5 6 7 8 Account: Date GL No: Balance 9 Description PR DR CR 10 11 12 13 14 15 16 17 Account: Date GL No: Balance Description PR DR CR Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for carly payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 18 19 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer retum some damaged product that cannot be retumed to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Roccivable account 29 20 A D 1 A50 fx Had a clearning service service tidy up the store front B TRANSACTION LIST Advise the amounts that you will be using to establish your company's information. You will start with no opening balances. Owner Invested money into the business Prepaid for 3-months of rent Performed services but will be paid later Took out a bank loan Purchased some machinery from the above loan Was paid for services to be performed later Purchased office supplies on account Owner withdrew money from the business Received a telephone bill to pay later Purchased office supplies and paid at vendor Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 30 31 32 33 34 35 36 37 PETTY CASH At times it just does not make sense to write a cheque for the little incidentals that happen in the office. petty cash to pay for some minor transactions. Choose 5 options for Petty cash. The employees that you completely up to you. You are in charge of the petty cash and thus the authorizor for all transactions. Ran out of flour. Purchased a large bag at the local store until delivery arrives IT Tech came in to fix the POS system Went over to Staples for a few notebooks for office supply cabinet Got the company truck washed Used the last Bandages from the First Aid kit when Karl cut himself slicing carrots. Restocked at drug store 38 39 40 41 42 43 Use your 44 use is 45 46 47 48 49 Had a clearning service service tidy up the store front Kevin was goofing around in the kitchen and broke a garbage pail. Went to Swish to replace. 50 Account Number Account Account Number Account Assets Revenue Expenses Liabilities Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 TOURNAL Date Account Title an A1 X fx JOURNAL A B D E JOURNAL Date Account Title and Explanation PR Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 A1 X fx JOURNAL Name Box B D E JOURNAL Date Account Title and Explanation PR Debit Credit 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 A1 X fx JOURNAL B D E Name Box 1 JOURNAL 2 Date Account Title and Explanation PR Debit Credit 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 of product 30 31 32 F29 A x fx A B 1 E F G H PETTY CASH LOG FROM TO REPORTING PERIOD PLEROSE APPROVED BY RECEIPT AMOUNT BALANCE BEGINNING BALANCE 1 2 1 DATE PAID TO / 4 DECFIVE FROM 5 6 7 8 9 10 11 12 12 TOTAL 14 PETTY CASH RECONCILIATION 15 16 17 18 19 20 21 22 21 24 25 26 27 FINAL CASH ON HAND DIFFERENCE PETTY CASH REIMBURSEMENT BALANCE FORWARD Made sales of product Cost for the inventory that was sold Amount of the invoice (above) tha: returns and discounts will be applied to Customer return some damaged prodact that cannot be returned to stock Customer return some product that was returned to Cost for the inventory that was returned Discount percentage applied for early payment Center as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account Table 1 Table 2 Table 3 Table 4 Table 5 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 29 A30 X V fx A B D E F G H 1 J BANK Description Date Withdrawl Deposit Balance 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Account: 17 Date 18 19 20 21 22 23 24 25 26 27 28 29 Made sales of product 30 31 32 Balance per Bank Statement 33 34 35 36 37 38 Balance per Books Had a clearing service service tidy up the store front Kevin was goofing around in the kitchen and broke a garbage pail. Went to Swish to replace. 50 D E GL No: Balance CR A B LEDGER 1 2 Cash 3 Description DR 4 5 6 7 8 9 10 11 12 13 14 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that retums and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer retum some product that was returned to stock Cost for the inventory that was returned Discount percentage 15 16 17 18 D E GL No: Balance CR A B LEDGER 1 2 Cash 3 Description DR 4 5 6 7 8 9 10 11 12 13 14 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that retums and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer retum some product that was returned to stock Cost for the inventory that was returned Discount percentage 15 16 17 18 A B D E F G Account: Date GL No: Balance Description PR DR CR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Account: 25 Date 26 27 28 29 of product 30 31 GL No: Balance Description PR DR CR A50 4 x v fx Had a clearning service service tidy up the store front B D E F G GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR 1 Account: 2 Date 3 4 5 6 7 8 9 10 11 12 13 14 Account: 15 Date 16 17 18 19 20 Account: 21 Date 22 23 24 25 26 27 28 29 of product 30 Account: 31 Date 32 33 34 35 GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR A50 2 x fx Had a clearning service service tidy up the store front B D E F G Account: Date GL No: Balance Description PR DR CR 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Account: Date GL No: 210 Balance Description PR DR CR Account: Date GL No: 300 Balance Description PR DR CR GL No: Balance Description PR DR CR 21 22 23 24 25 Account: 26 Date 27 28 29 of product 30 Account: 31 Date 32 33 34 GL No: Balance Description PR DR CR A50 x fx Had a clearning service service tidy up the store front B D E F G GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR 1 Account: 2 Date 3 4 5 6 Account: 7 Date 8 9 10 11 12 Account: 13 Date 14 15 16 17 Account: 18 Date 19 20 21 22 23 Account: 24 Date 25 26 27 28 Account: 29 Made sales 30 31 32 33 GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR GL No: Balance Description PR DR CR D18 4 x fx B D E F G GL No: 1 2 Account: Date Description PR DR CR Balance 3 4 5 6 7 8 Account: Date GL No: Balance 9 Description PR DR CR 10 11 12 13 14 15 16 17 Account: Date GL No: Balance Description PR DR CR Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer return some damaged product that cannot be returned to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for carly payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Receivable account 18 19 Made sales of product Cost for the inventory that was sold Amount of the invoice (above) that returns and discounts will be applied to Customer retum some damaged product that cannot be retumed to stock Customer return some product that was returned to stock Cost for the inventory that was returned Discount percentage applied for early payment (enter as a decimal). Refer to an amount that was previously posted to your Accounts Roccivable account 29 20