Hello ExpertAlbert

I have another assignment that my tutor has helped me with in the past.

I am enclosing screen shots of the problems and a spread sheet that he would usually enclose with the answers.

I had to take screen shots that's why it seems like a lot

let me know in advance if you are not able to assist me.

Problem 4-5A Journalize the July transactions. Date Account Titles and Explanation Jul-01 Cash Owner's Capital To record cash invested in business Debit 20,000 Credit 20,000 Jul-01 Equipment Cash Accounts Payable To record truck purchased 8,900 Jul-03 Supplies Accounts Payable 1,900 Jul-05 Prepaid Insurance Cash 1,800 Jul-12 Accounts Receivable Service Revenue 4,500 Jul-18 Accounts Payable Cash 2,900 Jul-20 Salaries and Wages Expense Cash 2,400 Jul-21 Cash 3,300 4,000 4,900 1,900 1,800 4,500 2,900 2,400 Accounts Receivable 3,300 Jul-25 Accounts Receivable Service Revenue 6,000 6,000 Jul-31 Gasoline Expense Cash 340 Jul-31 Owner's Drawings Cash 5,500 340 5,500 Post the July transactions. Cash Date Jul-01 Jul-01 Jul-05 Jul-18 Jul-20 Jul-21 Jul-31 Jul-31 Date Debit 20,000 Credit 4,000 1,800 2,900 2,400 3,300 Accounts Receivable Debit Jul-12 4,500 Jul-21 Jul-25 6,000 340 5,500 No. 101 Balance 20,000 16,000 14,200 11,300 8,900 12,200 11,860 6,360 No. 112 Credit Balance 4,500 3,300 1,200 7,200 Date Supplies Debit Jul-03 1,900 Credit No. 128 Balance 1,900 Date Prepaid Insurance Debit Jul-05 1,800 Credit No. 130 Balance 1,800 Date Equipment Debit Jul-01 8,900 Credit No. 157 Balance 8,900 Date Date Accounts Payable Debit Jul-01 Jul-03 Jul-18 2,900 Owner's Capital Debit Jul-01 No. 201 Credit Balance 4,900 4,900 1,900 6,800 3,900 No. 301 Credit Balance 20,000 20,000 Owner's Drawings Debit Jul-31 5,500 Date Credit Service Revenue Debit Jul-12 Jul-25 Date No. 400 Credit Balance 4,500 4,500 6,000 10,500 Gasoline Expense Debit Jul-31 Date No. 306 Balance 5,500 No. 633 Balance Credit 340 340 Salaries and Wages Expense Date Debit Jul-20 2,400 No. 726 Balance 2,400 Credit Prepare a trial balance at July 31 on a worksheet. Enter the following adjustments on the worksheet and complete the worksheet. Account Titles Debit Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accounts Payable Owner's Capital Owner's Drawings Service Revenue Gasoline Expense Salaries and Wages Expense Totals Depreciation Expense Accum. Depr.Equipment Insurance Expense Supplies Expense Salaries and Wages Payable Totals Net Income Totals Trial Balance Credit 6,360 7,200 1,900 1,800 8,900 Debit 2,600 1,400 150 Adjusted Trial Balance Debit Credit 6,360 9,800 500 1,650 8,900 3,900 20,000 Income Statement Debit Credit 3,900 20,000 5,500 10,500 340 2,400 34,400 2,600 5,500 13,100 13,100 1,010 340 3,410 340 3,410 400 400 400 34,400 400 150 1,400 5,560 Anya's Cleaning Service Income Statement For the Year Ended 31 July 2017 Revenue Service Revenue Expenses Gasoline Expense $ Salaries and Wages Expense Depreciation Expense Insurance Expense Supplies Expense Total Expenses Net Income $ 13,100 $ (5,700) 7,400 340 3,410 400 150 1,400 Anya's Cleaning Service Owner's Equity Statement For the Year Ended 31 July 2017 Owner's Capital, July 1, 2017 Add: Investment Net Income 20,000 7,400 27,400 27,400 (5,500) 21,900 Sub-total Less: Withdrawals Owner's Capital, July 31, 2017 Anya's Cleaning Service Balance Sheet 31-Jul-17 Assets $ 6,360 9,800 500 Balance Sheet Debit Credit 6,360 9,800 500 1,650 8,900 3,900 20,000 5,500 Prepare the income statement for July. Current Assets Cash Accounts Receivable Supplies Adjustments Credit 400 150 1,400 1,010 5,560 38,410 400 150 1,400 1,010 38,410 5,700 7,400 13,100 13,100 32,710 13,100 32,710 1,010 25,310 7,400 32,710 Prepaid Insurance Total Current Assets Non-Current Assets Equipment Less: Accum. Depr Total Assets 1,650 $ 18,310 $ 8,500 26,810 $ 4,910 $ 21,900 26,810 8,900 (400) Liabilities and Owner's Equity Current Liabilities Accounts Payable $ Salaries and Wages Payable Total Current Liabilities Owner's Equity Owner's Capital Total Liabilities and Owner's Equity Journalize adjusting entries. Date Account Titles and Explanation Jul-31 Accounts Receivable Service Revenue To record revenue earned Jul-31 Depreciation Expense Accum. Depr.Equipment To record depreciation 3,900 1,010 Debit Credit 2,600 2,600 400 400 Jul-31 Supplies Expense Supplies To record supplies used 1,400 Jul-31 Salaries and Wages Expense Salaries and Wages Payable To record salaries payable 1,010 1,400 1,010 Post adjusting entries. Cash Date Jul-01 Jul-01 Jul-05 Jul-18 Jul-20 Jul-21 Jul-31 Jul-31 Date Date Date Date Debit 20,000 Credit 4,000 1,800 2,900 2,400 3,300 Accounts Receivable Debit Jul-12 4,500 Jul-21 Jul-25 6,000 Jul-31 2,600 Supplies Debit Jul-03 1,900 Jul-31 Prepaid Insurance Debit Jul-05 1,800 Jul-31 Equipment Debit Jul-01 8,900 340 5,500 Credit Date Date Salaries and Wages Payable Debit Jul-31 No. 112 Balance 4,500 3,300 1,200 7,200 9,800 Adjusting No. 128 Credit Balance 1,900 1,400 500 Adjusting Credit No. 130 Balance 1,800 150 1,650 Adjusting No. 157 Balance 8,900 Credit Accumulated DepreciationEquipment Date Debit Credit Jul-31 Accounts Payable Debit Jul-01 Jul-03 Jul-18 2,900 No. 101 Balance 20,000 16,000 14,200 11,300 8,900 12,200 11,860 6,360 No. 158 Balance 400 400 Adjusting No. 201 Credit Balance 4,900 4,900 1,900 6,800 3,900 Credit No. 212 Balance 1,010 1,010 Adjusting Owner's Capital Debit Jul-01 Date No. 301 Credit Balance 20,000 20,000 Owner's Drawings Debit Jul-31 5,500 Date No. 306 Balance 5,500 Credit Service Revenue Debit Jul-12 Jul-25 Jul-31 Gasoline Expense Debit Jul-31 Date Date No. 400 Credit Balance 4,500 4,500 6,000 10,500 2,600 13,100 Adjusting Credit No. 633 Balance 340 340 Date Supplies Expense Debit Jul-31 1,400 Credit Date Depreciation Expense Debit Jul-31 400 Credit Insurance Expense Debit Jul-31 150 Credit Date Date Salaries and Wages Expense Debit Jul-20 2,400 Jul-31 1,010 No. 631 Balance 1,400 Adjusting No. 711 Balance 400 Adjusting No. 722 Balance 150 Adjusting No. 726 Balance 2,400 3,410 Adjusting Credit Journalize closing entries and complete the closing process. Date Account Titles and Explanation Debit Credit Jul-31 Service Revenue 13,100 Income Summary 13,100 To close revenue account Jul-31 Income Summary Gasoline Expense Salaries and Wages Expense Depreciation Expense Insurance Expense Supplies Expense To close expense accounts 5,700 Jul-31 Income Summary Owner's Capital To close net income 7,400 Jul-31 Owner's Drawings Owner's Capital To close drawings 5,500 340 1,400 400 150 3,410 7,400 5,500 Post closing entries. Cash Date Jul-01 Jul-01 Jul-05 Jul-18 Jul-20 Jul-21 Jul-31 Jul-31 Date Date Debit 20,000 Credit 4,000 1,800 2,900 2,400 3,300 Accounts Receivable Debit Jul-12 4,500 Jul-21 Jul-25 6,000 Jul-31 2,600 Supplies Debit Jul-03 1,900 340 5,500 No. 101 Balance 20,000 16,000 14,200 11,300 8,900 12,200 11,860 6,360 No. 112 Credit Balance 4,500 3,300 1,200 7,200 9,800 Adjusting Credit No. 128 Balance 1,900 Jul-31 Date Date 1,400 Prepaid Insurance Debit Jul-05 1,800 Jul-31 Equipment Debit Jul-01 8,900 Credit Date Accounts Payable Debit Jul-01 Jul-03 Jul-18 2,900 Salaries and Wages Payable Date Debit Jul-31 Date Date Date Date Date Date Date Date Owner's Capital Debit Jul-01 Jul-31 Jul-31 5,500 Owner's Drawings Debit Jul-31 5,500 Jul-31 No. 130 Balance 1,800 150 1,650 Adjusting No. 157 Balance 8,900 Credit Accumulated DepreciationEquipment Date Debit Credit Jul-31 Credit 500 Adjusting No. 158 Balance 400 400 Adjusting No. 201 Balance 4,900 4,900 1,900 6,800 3,900 No. 212 Credit Balance 1,010 1,010 Adjusting No. 301 Credit Balance 20,000 20,000 7,400 27,400 Closing 21,900 Closing Credit No. 306 Balance 5,500 5,500 - Closing Income Summary Debit Jul-31 Jul-31 5,700 Jul-31 7,400 No. 350 Credit Balance 13,100 13,100 Closing 7,400 Closing - Closing Service Revenue Debit Jul-12 Jul-25 Jul-31 Jul-31 13,100 No. 400 Credit Balance 4,500 4,500 6,000 10,500 2,600 13,100 Adjusting - Closing Gasoline Expense Debit Jul-31 Jul-31 No. 633 Balance Credit 340 Supplies Expense Debit Jul-31 1,400 Jul-31 Depreciation Expense Debit Jul-31 400 Jul-31 Insurance Expense Debit Jul-31 150 Jul-31 Salaries and Wages Expense Date Debit Jul-20 2,400 Jul-31 1,010 Jul-31 Prepare a post-closing trial balance at July 31. Anya's Cleaning Service Post-Closing Trial Balance 31-Jul-17 340 - Closing 340 No. 631 Credit Balance 1,400 Adjusting 1,400 - Closing No. 711 Balance Credit 400 Adjusting - Closing 400 No. 722 Balance Credit 150 150 Adjusting - Closing No. 726 Credit Balance 2,400 3,410 Adjusting 3,410 - Closing Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accum. Depr.Equipment Accounts Payable Salaries and Wages Payable Owner's Capital Totals 6,360 9,800 500 1,650 8,900 27,210 400 3,900 1,010 21,900 27,210 Print by: Iris Garcia AC114: Accounting I 1601C02 / Lab 114 Unit 7 Homework *Brief Exercise 74 Presented below is information related to Gantner Company for its first month of operations. Credit Sales Jan. 7 Austin Co. Cash Collections $12,800 Jan. 17 Austin Co. $7,600 15 Diaz Co. 7,900 24 Diaz Co. 4,300 23 Noble Co. 9,700 29 Noble Co. 9,700 Identify the balances that appear in the accounts receivable subsidiary ledger and the accounts receivable balance that appears in the general ledger at the end of January. Subsidary Ledger Diaz Co. Austin Co. Balance of Accounts Receivable $ General Ledger Noble Co. $ $ $ Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Print by: Iris Garcia AC114: Accounting I 1601C02 / Lab 114 Unit 7 Homework Brief Exercise 75 Identify in what ledger (general or subsidiary) each of the following accounts is shown. Accounts Ledger (a) Rent Expense. (b) Accounts ReceivableCabrera. (c) Notes Payable. (d) Accounts PayablePacheco. Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. 7-1 7 Accounting Information Systems Learning Objectives 1 2 Describe the nature and purpose of a subsidiary ledger. 3 7-2 Explain the basic concepts of an accounting information system. Record transactions in special journals. LEARNING OBJECTIVE 1 Explain the basic concepts of an accounting information system. Accounting information system (AIS) collects and processes transaction data and communicates financial information to decision makers. Includes: Documents that provide evidence of transactions. 7-3 All steps in the accounting cycle. Manual or computerized accounting system. LO 1 Basic Concepts of AIS Cost Effectiveness - Benefits must outweigh the costs. Illustration 7-1 Principles of an efficient and effective accounting information system. Useful Output Flexibility - The system should be sufficiently flexible to meet the resulting changes in the demands made upon it. 7-4 LO 1 Computerized Accounting Systems Software programs (functions include sales, purchases, receivables, payables, cash receipts and disbursements, and payroll). Generate financial statements. Advantages: Many human errors are eliminated. 7-5 Typically enter data only once. More timely information. LO 1 Computerized Accounting Systems CHOOSING A SOFTWARE PACKAGE ENTRY-LEVEL SOFTWARE Internal control Customization 7-6 Audit trail Easy data access and report preparation Network Compatibility ENTERPRISE RESOURCE PLANNING SYSTEMS LO 1 Ethics Insight Curbing Fraudulent Activity with Software The Sarbanes-Oxley Act (SOX) requires that companies demonstrate that they have adequate controls in place to detect significant fraudulent behavior by employees. The SOX requirements have created a huge market for software that can monitor and trace every recorded transaction and adjusting entry. This enables companies to pinpoint who used the accounting system and when they used it. These systems also require \"electronic signatures\" by employees for all significant transactions. Such signatures verify that employees have followed all required procedures, and that all actions are properly authorized. One firm that specializes in compliance software had 10 clients prior to SOX and 250 after SOX. Note that small businesses have no standards like SOX and often do not have the resources to implement a fraud-prevention system. As a result, small businesses lose nearly $630 billion to fraud each year. To address this problem, more sophisticated software is being designed for small business fraud prevention. Sources: W. M. Bulkeley and C. Forelle, \"Anti-Crime Program: How Corporate Scandals Gave Tech Firms a New Business Line,\" Wall Street Journal (December 9, 2005), p. A1; and \"New Software Fights Small Business Fraud,\" FOX Business (August 9, 2013). Why might this software help reduce fraudulent activity by employees? (Go to WileyPLUS for this answer and additional questions.) 7-7 LO 1 Manual Accounting Systems Perform each step in the accounting cycle by hand. Satisfactory with a low volume of transactions. Must understand manual accounting systems to understand computerized accounting systems. 7-8 LO 1 DO IT! 1 Basic AIS Concepts Indicate whether the following statements are true or false. 1. An accounting information system collects and processes transaction data and communicates financial information to decision-makers. 2. A company typically enters data only once in a manual accounting system. False 3. Enterprise resource planning (ERP) systems are typically used by companies with revenues of less than $5 million and up to 20 employees. 7-9 True False LO 1 LEARNING OBJECTIVE 2 Describe the nature and purpose of a subsidiary ledger. Used to keep track of individual balances. Two common subsidiary ledgers are: 1. Accounts receivable (customers') 2. Accounts payable (creditors') 7-10 Illustration 7-2 Relationship of general ledger and subsidiary ledgers LO 2 Subsidiary Ledger Example 7-11 Illustration 7-4 Relationship of general and subsidiary ledgers LO 2 Advantages of Subsidiary Ledgers 1. Show in a single account transactions affecting one customer or one creditor. 2. Free the general ledger of excessive details. 3. Help locate errors in individual accounts. 4. Make possible a division of labor. 7-12 LO 2 Accounting Across the Organization \"I'm John Smith, a.k.a. 13695071642\" Rather than relying on customer or creditor names in a subsidiary ledger, a computerized system expands the account number of the control account in a prespecified manner. For example, if the control account Accounts Receivable was numbered 10010, the first account in the accounts receivable subsidiary ledger might be numbered 10010- 0001. Most systems allow inquiries about specific accounts in the subsidiary ledger (by account number) or about the control account. With the latter, the system would automatically total all the subsidiary accounts whenever an inquiry to the control account was made. Why use numbers to identify names in a computerized system? (Go to WileyPLUS for this answer and additional questions.) 7-13 LO 2 DO IT! 2 Subsidiary Ledgers Presented is information related to Sims Co. for its first month of operations. Determine the balances in the accounts payable subsidiary ledger. What is the Accounts Payable balance in the general ledger at the end of January? 7-14 LO 2 LEARNING OBJECTIVE 3 Record transactions in special journals. Used to record similar types of transactions. Illustration 7-5 Use of special journals and the general journal If a transaction cannot be recorded in a special journal, the company records it in the general journal. 7-15 LO 3 Special Journals Question Each of the following is a subsidiary ledger except the: a. accounts receivable ledger. b. accounts payable ledger. c. customer's ledger. d. general ledger. 7-16 LO 3 Sales Journal JOURNALIZING CREDIT SALES Illustration 7-6 Journalizing the sales journalperpetual inventory system Perpetual inventory system, one entry at selling price in Sales Journal results in a debit to Accounts Receivable and a credit to Sales. Another entry at cost results in a debit to Cost of Goods Sold and a credit to Inventory. 7-17 LO 3 POSTING THE SALES JOURNAL Illustration 7-7 2017 2017 2017 2017 2017 7-18 Companies make daily postings from the sales journal to the individual accounts receivable in the subsidiary ledger. LO 3 POSTING THE SALES JOURNAL Illustration 7-7 2017 2017 2017 2017 2017 7-19 Posting to the general ledger is done monthly. LO 3 PROVING THE LEDGERS Illustration 7-8 7-20 LO 3 ADVANTAGES OF SALES JOURNAL One-line entry for each sales transaction saves time. Only totals, rather than individual entries, are posted to the general ledger. 7-21 A division of labor results. LO 3 Cash Receipts Journal Illustration 7-9 Journalizing and posting the cash receipts journal 2017 In the cash receipts journal, companies record all receipts of cash. 7-22 LO 3 Posting Not all of the subsidiary or general ledger accounts are shown on the illustration to the right. See Illustration 7-9 for the complete illustration. Illustration 7-9 Journalizing and posting the cash receipts journal 7-23 Illustration 7-9 PROVING THE LEDGERS Illustration 7-11 Proving the ledgers after posting the sales and the cash receipts journals 7-24 LO 3 Special Journals Question Cash sales of merchandise are recorded in the a. cash payments journal. b. cash receipts journal. c. general journal. d. sales journal. 7-25 LO 3 Special Journals Question Which of the following is not one of the credit columns in the cash receipts journal: a. Other accounts b. Accounts payable c. Accounts receivable d. Sales 7-26 LO 3 Purchases Journal Illustration 7-13 Journalizing and posting the purchases journal 2017 2017 2017 2017 7-27 Daily postings are made from the purchases journal to the accounts payable subsidiary ledger. LO 3 Purchases Journal Illustration 7-13 Journalizing and posting the purchases journal 2017 2017 2017 At the end of the accounting period, the company posts totals to the general ledger. 7-28 LO 3 PROVING THE LEDGERS Illustration 7-14 Proving the equality of the purchases journal 7-29 LO 3 Special Journals Question All of the following are advantages of using subsidiary ledgers except they: a. show transactions affecting one customer or one creditor in a single account. b. free the general ledger of excessive details. c. eliminate errors in individual accounts. d. make possible a division of labor. 7-30 LO 3 Cash Payments Journal Illustration 7-16 Journalizing and posting the cash payments journal 2017 In a cash payments (cash disbursements) journal, companies record all disbursements of cash. 7-31 LO 3 Cash Payments Journal Illustration 7-16 2017 2017 2017 2017 7-32 LO 3 Cash Payments Journal 2017 2017 2017 2017 Illustration 7-16 2017 2017 7-33 LO 3 PROVING THE LEDGERS Illustration 7-17 Proving the ledgers after postings from the sales, cash receipts, purchases, and cash payments journals 7-34 LO 3 Special Journals Question Credit purchases of equipment or supplies other than merchandise are recorded in the: a. cash payments journal. b. cash receipts journal. c. general journal. d. purchases journal. 7-35 LO 3 Special Journals Question Cash payments of merchandise are recorded in the: a. cash payments journal. b. cash receipts journal. c. general journal. d. purchases journal. 7-36 LO 3 Effects of Special Journals on General Journal Special journals substantially reduce the number of entries that companies make in the general journal. Only transactions that cannot be entered in a special journal are recorded in the general journal. Also, correcting, adjusting, and closing entries are made in the general journal. 7-37 LO 3 Illustration 7-18 Journalizing and posting the general journal 7-38 LO 3 DO IT! 3 Special Journals Swisher Company had the following transactions during March. 1. Collected cash on account from Oakland Company. 2. Purchased equipment by signing a note payable. Cash Receipts Journal 3. Sold merchandise on account. 4. Purchased merchandise on account. 5. Paid $2,400 for a 2-year insurance policy. Identify the journal in which each of the transactions above is recorded. 7-39 LO 3 DO IT! 3 Special Journals Swisher Company had the following transactions during March. 1. Collected cash on account from Oakland Company. 2. Purchased equipment by signing a note payable. General Journal 3. Sold merchandise on account. 4. Purchased merchandise on account. 5. Paid $2,400 for a 2-year insurance policy. Identify the journal in which each of the transactions above is recorded. 7-40 LO 3 DO IT! 3 Special Journals Swisher Company had the following transactions during March. 1. Collected cash on account from Oakland Company. 2. Purchased equipment by signing a note payable. 3. Sold merchandise on account. 4. Purchased merchandise on account. Sales Journal 5. Paid $2,400 for a 2-year insurance policy. Identify the journal in which each of the transactions above is recorded. 7-41 LO 3 DO IT! 3 Special Journals Swisher Company had the following transactions during March. 1. Collected cash on account from Oakland Company. 2. Purchased equipment by signing a note payable. 3. Sold merchandise on account. 4. Purchased merchandise on account. 5. Paid $2,400 for a 2-year insurance policy. Purchases Journal Identify the journal in which each of the transactions above is recorded. 7-42 LO 3 DO IT! 3 Special Journals Swisher Company had the following transactions during March. 1. Collected cash on account from Oakland Company. 2. Purchased equipment by signing a note payable. 3. Sold merchandise on account. 4. Purchased merchandise on account. 5. Paid $2,400 for a 2-year insurance policy. Cash Payments Journal Identify the journal in which each of the transactions above is recorded. 7-43 LO 3 A Look at IFRS LEARNING OBJECTIVE 4 Compare accounting information systems under GAAP and IFRS. Relevant Facts Similarities 7-44 The basic concepts related to an accounting information system are the same under GAAP and IFRS. The use of subsidiary ledgers and control accounts, as well as the system used for recording transactions, are the same under GAAP and IFRS. LO 4 A Look at IFRS Relevant Facts Differences 7-45 Many companies will be going through a substantial conversion process to switch from their current reporting standards to IFRS. Upon first-time adoption of IFRS, a company must present at least one year of comparative information under IFRS. LO 4 A Look at IFRS Looking to the Future The basic recording process shown in this textbook is followed by companies around the globe. It is unlikely to change in the future. The definitional structure of assets, liabilities, equity, revenues, and expenses may change over time as the IASB and FASB evaluate their overall conceptual framework for establishing accounting standards. In addition, high-quality international accounting requires both high-quality accounting standards and high-quality auditing. Similar to the convergence of GAAP and IFRS, there is a movement to improve international auditing standards. 7-46 LO 4 Copyright \"Copyright 2015 John Wiley & Sons, Inc. All rights reserved. Reproduction or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written permission of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The purchaser may make back-up copies for his/her own use only and not for distribution or resale. The Publisher assumes no responsibility for errors, omissions, or damages, caused by the use of these programs or from the use of the information contained herein.\" 7-47 PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. PRINTED BY: irisgarcia3@student.kaplan.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. Print by: Iris Garcia AC114: Accounting I 1601C02 / Lab 114 Unit 7 Homework *Exercise 71 Nex Company uses both special journals and a general journal as described in this chapter. On June 30, after all monthly postings had been completed, the Accounts Receivable control account in the general ledger had a debit balance of $308,300 the Accounts Payable control account had a credit balance of $85,000. The July transactions recorded in the special journals are summarized below. No entries affecting accounts receivable and accounts payable were recorded in the general journal for July. Sales journal Total sales Purchases journal Total purchases Cash receipts journal Accounts receivable column total Cash payments journal $155,800 Accounts payable column total $51,000 $132,400 $40,900 What is the balance of the Accounts Receivable control account after the monthly postings on July 31? The balance of the Accounts Receivable control account $ What is the balance of the Accounts Payable control account after the monthly postings on July 31? The balance of the Accounts Payable control account $ To what account(s) is the column total of $155,800 in the sales journal posted? To what account(s) is the accounts receivable column total of $132,400 in the cash receipts journal posted? Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved. Print by: Iris Garcia AC114: Accounting I 1601C02 / Lab 114 Unit 7 Homework *Exercise 74 Kieschnick Company has a balance in its Accounts Receivable control account of $11,200 on January 1, 2017. The subsidiary ledger contains three accounts: Bixler Company, balance $3,500 Cuddyer Company, balance $2,000 and Freeze Company. During January, the following receivablerelated transactions occurred. Credit Sales Collections Returns $8,700 $8,400 $ 0 Cuddyer Company 7,300 2,400 3,300 Freeze Company 8,400 9,500 0 Bixler Company What is the January 1 balance in the Freeze Company subsidiary account? Balance in the Freeze Company subsidiary account $ What is the January 31 balance in the control account? Balance in the control account $ Compute the balances in the subsidiary accounts at the end of the month. Balances in the subsidiary accounts Bixler $ Cuddyer $ Freeze $ Which January transaction would not be recorded in a special journal? Question Attempts: 0 of 5 used Copyright 20002016 by John Wiley & Sons, Inc. or related companies. All rights reserved.