Exercise 7-03 a-c (Video) On September 1, the balance of the Accounts Receivable control account in the general ledger of Carla Vista Company was $11.00. The customers' subsidiary ledger contained account balances as follows: Hurley $1,500, Andino $2,720, Fowler $1,960, and Sogard $1,850. At the end of September, the varices Journals contained the following information, Sales journal: Sales to Sogard $730, to Hurley $1,180, to Giambl $1,220, and to Fowler $1,220. Cash receipts journal: Cash received from Fowler $1,270, from Sogard $2,370, from Glambi $390, from Andino $1,000, and from Hurley $1,220 General journal: An allowance is granted to Sogard $180. Set up control and subsidiary accounts and enter the beginning balances Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance V Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance V Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Accounts Receivable Debit Credit Date Explanation Ref. Sept. 1 Balance Balance 11,030 S CR G Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Sept. 1 Balance Balance 1,960 S CR Sogard Date Explanation Ref. Sept. 1 Balance Debit Credit Balance 4,850 S CR G Giambi Date Explanation Ref. Sept. 1 Debit Credit Balance 0 S CR Andino Date Explanation Sept. 1 Balance Ref. Debit Credit Balance 2,720 CR Hurley Date Explanation Ref. Sept. 1 Balance Debit Credit Balance 1,500 S S CR LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary CARLA VISTA COMPANY Schedule of Accounts Receivable As of September 30, 2020 $ Total $ weyyanet, Accounting Principles, 13e dy & Practice Assignment Gradebook ORION Downloadable eTextbook en Assignment CALCULATOR FULL SCREEN Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2020. PE OURCES LEMS CARLA VISTA COMPANY Schedule of Accounts Receivable As of September 30, 2020 - Total by Study Accounts Receivable Exercise 7-06 a-b (Video) Sunland Company uses special Journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $695, terms n/30. The cost of the merchandise sold was $470. 10 Purchased merchandise on account from A. Pagan $600, terms 2/10, 1/30. 12 Purchased office equipment on account from R. Cairo $6,600. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $845, terms 2/10, n/30. The cost of the merchandise sold was $490. 25 Purchased merchandise on account from D. Downs $910, terms n/30. 27 Sold merchandise to S. Miller for $720 cash. The cost of the merchandise sold was $410. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem stateme SUNLAND COMPANY Sales Journal Account Debited SI Invoice Accounts Receivable Dr. Cost of Goods Sold Dr. No. Rel. Sales Revenue Cr. Inventory Cr. Date 2020 Prepare a single-column purchases journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SUNLAND COMPANY Purchases Journal P1 Account Credited Terms Inventory Dr. Rel. Accounts Payable Cr. Date 2020 Click if you would like to show Work for this question: Doen Show Work LALLAIU FULL SANEEN PRINTER VERSION Exercise 7-07 a-b (Video) R. Sunland Co. uses special journals and a general journal. The following transactions occurred during May 2020. May 1 2. 3 R. Sunland invested $49,500 cash in the business. Sold merchandise to Lawrie Co. for $6,690 cash. The cost of the merchandise sold was $4,640. Purchased merchandise for $6,920 from J. Moskos using check no. 101, Paid salary to H. Rivera $640 by issuing check no. 102. Sold merchandise on account to K. Stanton for $890, terms n/30. The cost of the merchandise sold was $625. A check of $8,980 is received from M. Mangini in full for involce 101; no discount given. 14 16 22 Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the proble statement.) R. SUNLAND CO. Cash Receipts Journal Accounts Receivable Sales Discounts Dr. Sales Revenue Cr. CRI Cost of Goods Sold Dr. Inventory Cr. Other Accounts Cr. Cash Dr. Account Credited Ref. Cr. Date 2020 Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. SUNLAND CO. Cash Receipts Journal Account Credited Cash Dr Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. CRI Cost of Goods Sold Dr. Inventory Cr. Ref. Date 2020 LINK TO TEXT VIDEO SIMILAR EXERCISE Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem tement Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the probu statement.) R. SUNLANDCO. Cash Payments Journal CPI Cash Cr. Ck. No. Account Debited Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Date 2020 Click if you would like to Show Work for this question: Oren Show Work Problem 7-01A a-c (Video) Blossom Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Recevable 414 Sales Discounts 120 Inventory SOS Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,500, Rose $1,200, Jennings Co. $2,850, and Dent $2,000. The April transactions involving the receipt of cash were as follows. Apr. 1 The owner, T. Blossom, invested additional cash in the business $7,100. 4 Received check for payment of account from Dent less 2% cash discount. 5 Received check for $870 in payment of invoice no. 307 from Jennings Co. 8 Made cash sales of merchandise totaling $7,200. The cost of the merchandise sold was $4,320.00. 10 Received check for $550 in payment of invoice no. 309 from Morrow. 11 Received cash refund from a supplier for damaged merchandise $690. 23 Received check for $1,200 in payment of invoice no. 310 from Jennings Co. 29 Received check for payment of account from Rose (no cash discount allowed). Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to o decimal places, e.g. 5,275.) Cash Receipts Journal CRI Cost of Goods sold Dr. Inventory C. Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. 301 120 (505X120) 8 (401) (112) (101) (414) BACK Insert the beginning balances in the Accounts Receivable control and subsidiary accounts, and post the April transactions to these accounts. (Post entries in the of entries presented in the previous part.) General Ledger Accounts Receivable Date Explanation Rel. Debit No. 112 Credit Balance Balance ORI Accounts Receivable Subsidiary Ledger Morrow Date Explanation Rel. Debit Credit Balance - Balance CR1 Rose Date Explanation Ref. Debit Credit Balance - Balance ORI CALCULATOR FULL SCREEN PRINTER VERSION Jennings Co. Date Explanation Ref. Debit Credit Balance Balance CR1 CRI Dent Date Explanation Rel. Debit Credit Balance ORI LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: $ Subsidiary account balances: Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: Subsidiary account balances: $ Total Click if you would like to Show Work for this question: Oren Show Work Exercise 7-03 a-c (Video) On September 1, the balance of the Accounts Receivable control account in the general ledger of Carla Vista Company was $11.00. The customers' subsidiary ledger contained account balances as follows: Hurley $1,500, Andino $2,720, Fowler $1,960, and Sogard $1,850. At the end of September, the varices Journals contained the following information, Sales journal: Sales to Sogard $730, to Hurley $1,180, to Giambl $1,220, and to Fowler $1,220. Cash receipts journal: Cash received from Fowler $1,270, from Sogard $2,370, from Glambi $390, from Andino $1,000, and from Hurley $1,220 General journal: An allowance is granted to Sogard $180. Set up control and subsidiary accounts and enter the beginning balances Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Sogard Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Giambi Date Explanation Ref. Debit Credit Balance Sept. 1 Balance V Andino Date Explanation Ref. Debit Credit Balance Sept. 1 Balance Hurley Date Explanation Ref. Debit Credit Balance Sept. 1 Balance V Post the various journals. Post the items as individual items or as totals, whichever would be the appropriate procedure. Accounts Receivable Debit Credit Date Explanation Ref. Sept. 1 Balance Balance 11,030 S CR G Accounts Receivable Subsidiary Ledger Fowler Date Explanation Ref. Debit Credit Sept. 1 Balance Balance 1,960 S CR Sogard Date Explanation Ref. Sept. 1 Balance Debit Credit Balance 4,850 S CR G Giambi Date Explanation Ref. Sept. 1 Debit Credit Balance 0 S CR Andino Date Explanation Sept. 1 Balance Ref. Debit Credit Balance 2,720 CR Hurley Date Explanation Ref. Sept. 1 Balance Debit Credit Balance 1,500 S S CR LINK TO TEXT LINK TO TEXT VIDEO: SIMILAR Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary CARLA VISTA COMPANY Schedule of Accounts Receivable As of September 30, 2020 $ Total $ weyyanet, Accounting Principles, 13e dy & Practice Assignment Gradebook ORION Downloadable eTextbook en Assignment CALCULATOR FULL SCREEN Prepare a schedule of accounts receivable and prove the agreement of the controlling account with the subsidiary ledger at September 30, 2020. PE OURCES LEMS CARLA VISTA COMPANY Schedule of Accounts Receivable As of September 30, 2020 - Total by Study Accounts Receivable Exercise 7-06 a-b (Video) Sunland Company uses special Journals and a general journal. The following transactions occurred during September 2020. Sept. 2 Sold merchandise on account to H. Drew, invoice no. 101, $695, terms n/30. The cost of the merchandise sold was $470. 10 Purchased merchandise on account from A. Pagan $600, terms 2/10, 1/30. 12 Purchased office equipment on account from R. Cairo $6,600. 21 Sold merchandise on account to G. Holliday, invoice no. 102 for $845, terms 2/10, n/30. The cost of the merchandise sold was $490. 25 Purchased merchandise on account from D. Downs $910, terms n/30. 27 Sold merchandise to S. Miller for $720 cash. The cost of the merchandise sold was $410. Prepare a sales journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem stateme SUNLAND COMPANY Sales Journal Account Debited SI Invoice Accounts Receivable Dr. Cost of Goods Sold Dr. No. Rel. Sales Revenue Cr. Inventory Cr. Date 2020 Prepare a single-column purchases journal and record the transactions for September that should be journalized. (Record entries in the order presented in the problem statement.) SUNLAND COMPANY Purchases Journal P1 Account Credited Terms Inventory Dr. Rel. Accounts Payable Cr. Date 2020 Click if you would like to show Work for this question: Doen Show Work LALLAIU FULL SANEEN PRINTER VERSION Exercise 7-07 a-b (Video) R. Sunland Co. uses special journals and a general journal. The following transactions occurred during May 2020. May 1 2. 3 R. Sunland invested $49,500 cash in the business. Sold merchandise to Lawrie Co. for $6,690 cash. The cost of the merchandise sold was $4,640. Purchased merchandise for $6,920 from J. Moskos using check no. 101, Paid salary to H. Rivera $640 by issuing check no. 102. Sold merchandise on account to K. Stanton for $890, terms n/30. The cost of the merchandise sold was $625. A check of $8,980 is received from M. Mangini in full for involce 101; no discount given. 14 16 22 Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the proble statement.) R. SUNLAND CO. Cash Receipts Journal Accounts Receivable Sales Discounts Dr. Sales Revenue Cr. CRI Cost of Goods Sold Dr. Inventory Cr. Other Accounts Cr. Cash Dr. Account Credited Ref. Cr. Date 2020 Prepare a multiple-column cash receipts journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem statement.) R. SUNLAND CO. Cash Receipts Journal Account Credited Cash Dr Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. CRI Cost of Goods Sold Dr. Inventory Cr. Ref. Date 2020 LINK TO TEXT VIDEO SIMILAR EXERCISE Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the problem tement Prepare a multiple-column cash payments journal and record the transactions for May that should be journalized. (Record entries in the order presented in the probu statement.) R. SUNLANDCO. Cash Payments Journal CPI Cash Cr. Ck. No. Account Debited Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Date 2020 Click if you would like to Show Work for this question: Oren Show Work Problem 7-01A a-c (Video) Blossom Company's chart of accounts includes the following selected accounts. 101 Cash 401 Sales Revenue 112 Accounts Recevable 414 Sales Discounts 120 Inventory SOS Cost of Goods Sold 301 Owner's Capital On April 1, the accounts receivable ledger of Blossom Company showed the following balances: Morrow $1,500, Rose $1,200, Jennings Co. $2,850, and Dent $2,000. The April transactions involving the receipt of cash were as follows. Apr. 1 The owner, T. Blossom, invested additional cash in the business $7,100. 4 Received check for payment of account from Dent less 2% cash discount. 5 Received check for $870 in payment of invoice no. 307 from Jennings Co. 8 Made cash sales of merchandise totaling $7,200. The cost of the merchandise sold was $4,320.00. 10 Received check for $550 in payment of invoice no. 309 from Morrow. 11 Received cash refund from a supplier for damaged merchandise $690. 23 Received check for $1,200 in payment of invoice no. 310 from Jennings Co. 29 Received check for payment of account from Rose (no cash discount allowed). Journalize the transactions above in a six-column cash receipts journal and cross-foot the journal. (Record entries in the order displayed in the problem statement. Round answers to o decimal places, e.g. 5,275.) Cash Receipts Journal CRI Cost of Goods sold Dr. Inventory C. Date Account Credited Ref. Cash Dr. Sales Discounts Dr. Accounts Receivable Cr. Sales Revenue Cr. Other Accounts Cr. 301 120 (505X120) 8 (401) (112) (101) (414) BACK Insert the beginning balances in the Accounts Receivable control and subsidiary accounts, and post the April transactions to these accounts. (Post entries in the of entries presented in the previous part.) General Ledger Accounts Receivable Date Explanation Rel. Debit No. 112 Credit Balance Balance ORI Accounts Receivable Subsidiary Ledger Morrow Date Explanation Rel. Debit Credit Balance - Balance CR1 Rose Date Explanation Ref. Debit Credit Balance - Balance ORI CALCULATOR FULL SCREEN PRINTER VERSION Jennings Co. Date Explanation Ref. Debit Credit Balance Balance CR1 CRI Dent Date Explanation Rel. Debit Credit Balance ORI LINK TO TEXT LINK TO TEXT Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: $ Subsidiary account balances: Prove the agreement of the control account and subsidiary account balances. (Do not list those accounts that have zero ending balance.) Accounts receivable balance: Subsidiary account balances: $ Total Click if you would like to Show Work for this question: Oren Show Work