\fGeneral Journal page 10 Date Particulars PR Debit Credit ACCOUNT Cash NO. 101 April 2 Cash 710 DR. Sales 710 DATE PARTICULARS P.R. DEBIT CREDIT CR. BALANCE To record cash sales 2 Computer Equipment 420 AP/Dyson Ltd. 420 Received Inv. D72 3 AR/F. Bones 230 Sales 230 Issued S17 ACCOUNT Computer Equipment NO. 110 4 K. Owens, Drawings 500 DR. Cash 500 DATE PARTICULARS P.R._ DEBIT CREDIT CR. BALANCE Issued Chq. 90 5 Cash 920 Sales 920 Total Cash Sales 6 Electricity Expense 170 Account A/R F. Bones AP/Hydro Company 170 Received invoice BCH37 DATE 7 Cash 107 AR/T. Hat 107 Received on account ACCOUNT ART. Ha NO. 130 DR. Question 1 Question 2 Question 3 Question 4 +\fMortgage Payable 231' I 80000 K. Dubord, Capital 300 90680 K. Dubord, Drawings 301' 1500' Member's Fees 400 12530 Sports Equipment 401 560 Rental Towel Rental 402 150 Salaries Expense 500 4650 Advertising Expense 501 2700 Telephone Expense 502 190 Maintenance Expense 503 600 Licence Expense 504 1100 Interest Expense 505 1500 Laundry Expense 506 50 257620 257620 Question 4 Completing a worksheet. '5 Complete the worksheet on the template by transferring the relevant information to either the Income Statement or Balance Sheet. 20 marks a l Sudbury Travel Services Worksheet August 30, 2010 Account Title Acc No. Trial Balance Income Statement Balance Sheet Cash 100 9,000 Accounts Receivable 102 22,000 Supplies 131 2,000 Office Equipment 141 15,000 Acc. Depreciation - Office Equipment 142 5,000 Automobile 143 9,000 Acc. Depreciation - Automobile 144 4.800 Accounts Payable 200 2,000 Bank Loan 220 3,000 F. Katch, Capital 300 21,500 F. Katch, Drawing 301 13,000 Sales 400 105,000 Advertising Expense 500 2,500 Salaries Expense 501 57,000 Rent Expense 502 7,800 Office Expense 503 4,000 141,300 141,300 Net Income Totals-ur final practical exam will be completed on this template. Notice that all of the provided templates are in this file. Attach this le to an e-mail to your teacher. 1. Journalize transactions 2. Post entries. Open appropriate accounts 3. Income Statement St Balance Sheet. 4. Worksheet with no adjustments Question 1 Journalize transactions 5 5 Record the following transactions starting on page 6 of the general journal. All transactions occurred in May of this year. (2 marks each) 16 marks Owner, J. Smythe, invested an additional $510 in the business. Issued invoice 5-134 for services sold to K. Leons, $686 on account. Received purchase invoice (2587 for Ofce supplies from Cameo Supply $350 on account. Issued cheque 49 to Brester Alliance on account $873.42 Made a cash sale of services $560 to K. Smith. Received telephone bill, BCT94.for $50 (BC Hydro) will be paid next week. Issued cheque 50 for bank loan payment $326.78. K. Leons paid account in full P'HP'P'PP'NH uestion 2 Posting to Ledger Post the entries in the journal to the appropriate ledgers (stored on template) 14 marks Question 3 Income Statement & Balance Sheet ,5 Prepare an Income Statement 5': Balance Sheet 20 marks Hill's Sports Club Trial Balance For the month ended January 31, 2010 Account Title Acc Debit Credit No. Cash 100 7800 Accounts Receivable 101 2600 Office Supplies 110 695 Land 120 25000 Building 121 110000 Training Equipment 122 99235 Accounts Payable 200 10700 Bank Loan 221 63000 Mortgage Payable 231 80000 K. Dubord, Capital 300 90680 K. Dubord, Drawings 301 1500 G H I K L M N O ACCOUNT A/P BC Hydro NO. 220 DR. DATE PARTICULARS P.R. DEBIT CREDIT CR. BALANCE ACCOUNT K. Owens, Drawings NO. 310 DR. DATE PARTICULARS P.R. DEBIT CREDIT CR. BALANCE ACCOUNT Sales NO. 501 DR. DATE PARTICULARS P.R. DEBIT CREDIT CR. BALANCE ACCOUNT Electricity Expense NO. 60 DR. DATE PARTICULARS P.R. DEBIT CREDIT CR. BALANCE