Help! I'm so lost! I need to make all these journal entries. I need to know which accounts each entry will go in (A/P, A/R, inventory, cash, COGS ect.) and which accounts to credit and debt.

1.INTRODUCTION

The Company sells and rents camping equipment from its store in Denver, Colorado. It is a sole proprietorship and is owned and operated by Samuel Stephens. Maintains a perpetual inventory system. The company also rents tents and groups of assorted camping equipment to trail guides. The terms of all sales and all rentals are net 30. The company delivers the equipment to many of its customers. Some customers pick it up at the store. Mr. Stephens makes all deposits. He removes the cash from the cash register and lists all checks received on a deposit ticket. He then gives the duplicate deposit slip to you for recording. The companys accounting system includes:

Examine the business papers that follow. They consist of sales invoices, rental invoices, purchase invoices, duplicate deposits slips, credit memoranda and interoffice memoranda. They appear in the order in which they come to the bookkeepers attention. The actions you as bookkeeper should take regarding these are:

Sales Invoices Enter the information in the Sales Journal. Post to the Subsidiary Accounts Subsidiary Ledger.

Rental Invoices Enter the information in the Sales Journal. Post to the Subsidiary Accounts Subsidiary Ledger.

Purchases Invoices Enter information in the Purchases Journal on the date the invoice is received for each purchase of merchandise inventory or supplies. Post to the Subsidiary Accounts Payable Ledger. Mr. Stephens will send you an interoffice memorandum when he wants you to prepare checks for payment for these invoices.

Credit Memoranda Enter the information in the General Journal.

Duplicate Deposit Tickets All cash deposits are from cash sales of camping equipment and should be recorded as a credit to Sales. The checks listed on the deposit ticket are receipts from customers who have made payments on their accounts and should be recorded as credits to Accounts Receivable and posted to the Subsidiary Accounts Receivable Ledger.

Interoffice Memoranda The owner sends information to you, the bookkeeper, instructing you to do certain tasks, such as prepare checks for his signature, establish a new account, or reclassify a previously recorded purchase. When Mr. Stephens asks you to prepare checks for his signature, you will not prepare a check but you will need to record the payment in the Cash Disbursements Journal. You are not authorized to sign checks to follow good internal control procedures.

CHART OF GENERAL LEDGER ACCOUNTS

Account Title	Account Number
Cash	101
Petty cash	102
Accounts Receivable	106
Allowance for Doubtful Accounts	107
Interest Receivable	109
Notes Receivable	111
Merchandise Inventory	119
Office Supplies	124
Store Supplies	125
Prepaid Insurance	128
Office Equipment	163
Accumulated Depreciation Office Equipment	164
Store Equipment	165
Accumulated Depreciation Store Equipment	166
Camping Rental Equipment	167
Accumulated Depreciation Camping Rental Equipment	168
Building	183
Accumulated Depreciation Building	184
Accounts Payable	201
Interest Payable	203
Salaries Payable	209
Mortgage Note Payable 9%	251
Samuel Stephens, Capital	301
Samuel Stephens, Withdrawals	302
Camping Equipment Rental Revenue	406
Interest Earned	409
Camping Equipment Sales	413
Cost of Goods Sold	502
Depreciation Expense Building	606
Depreciation Expense Office equipment	612
Depreciation Expense Store Equipment	613
Depreciation Expense Camping Rental Equipment	615
Salaries Expense	622
Interest Expense	633
Insurance Expense	637
Office Supplies Expense	650
Stores Supplies Expense	651
Advertising Expense	655
Bad Debt Expense	656
Miscellaneous Expense	677
Telephone Expense	688
Utilities Expense	690
Income Summary You will not need to add any additional accounts.	901

Business Paper No. 8

Inter-Office Memo	From Samuel Stephens	Date June 5, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare a check payable to Rocky Heights Camping for an advertisement that will appear in 4 weekly issues of its magazine, this month. Cost of the 4 advertisements is $400 total.

Check #522

Business Paper No. 9

Inter-Office Memo	From Samuel Stephens	Date June 6, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare a check payable to Mountain Streams Mortgage Company for $3,200, which includes interest of $1,200 accrued on the note at the end of May, plus $2,000 payment on principal. The payments of principal, plus interest of the previous month, are due on the first of every month. Mountain Streams allows a 10-day grace period for payment.

Note: Use two lines in the Cash Disbursements Journal to record this transaction.

Check #523

Business Paper No. 10

Invoice # S6906

Sales Invoice

Date June 8, 20XX

Sold To:

Mr. J. Still

2231 After Place

St. James, Colorado 75127

Customer Order No. JS2034		Our Order No. S6906	Date Delivered 6/8/20XX	Shipped Customer Pickup		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
30	30	Sleeping bags		95	50	2,865	00
15	15	#919 Canteens/covers		20	00	300	00
		COST OF GOODS SOLD: $1,378.75
		Total				3,165	00

Bookkeepers Copy

Business Paper No. 11

Invoice # S6907

Sales Invoice

Date June 8, 20XX

Sold To:

Mrs. H. Holmes

4637 Alpine Way

Vail, Colorado, 75321

Customer Order No. HH3451		Our Order No. S6907	Date Shipped 6/7/20XX	Delivered Our Truck		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
4	4	Sleeping bags		97	00	389	60
4	4	Hiking boots, assorted sizes		78	95	315	80
		COST OF GOODS SOLD: $320.00
		Total				705	40

Bookkeepers Copy

Business Paper No. 12

COLORADO BANK

MEMBER F.D.I.C.

		Coin		2	30
		Currency		3,100	00
		Checks	H. Holmes	1,696	00
Industrial Boulevard			S. Peeples	655	00
Denver, Colorado 77787			A. Smith	1,000	00
June 9, 20 XX__
		TOTAL		6,453	30

00015613345678009878

Duplicate Deposit Ticket

Bookkeeper: The Cost of Cash Sales was $1,213.50

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Business Paper No. 13

Inter-Office Memo	From Samuel Stephens	Date June 9, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare on check to Zappo Corporation for payment of the following invoices:

Invoice Z68350 (Balance of May 15) $1,000.00

Invoice Z68002, dated June 2 $2,539.10

Be sure to review credit terms. We want to stay in good standing with Zappo.

Check #524

Business Paper No. 14

Inter-Office Memo	From Samuel Stephens	Date June 9, 20XX
To Bookkeeper	Subject Replenish Petty Cash Fund

Please prepare a check to me for replenishment of the petty cash fund. Check #525

Petty Cash Voucher #1 Office Supplies $23.45 (use the Office Supplies asset account)

Petty Cash Voucher #2 Transportation-in $56.30 (use the Merchandise Inventory account)

Business Paper No. 15

Invoice # R4521

Rental Invoice

Date June 11, 20XX

Rented To:

K. Gragg Length of Rental: _________Day (s)

P.O. Box 1560 ____2____week(s)

Colorado Springs, Colorado 73452

Customer Order No. KG2034		Our Order No. R4521	Date Delivered 6/11/20XX	Delivered Customer Pickup		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
6	6	Type B Group of Camping Equipment		540	00	3,240	00
		Total				3,240	00

Bookkeepers Copy

Business Paper No. 16

Invoice # S6908

Sales Invoice

Date June 12, 20XX

Sold To:

Mrs. H. Holmes

4637 Alpine Way

Vail, Colorado, 75321

Customer Order No. HH3452		Our Order No. S6908	Date Delivered 6/12/20XX	Delivered Our Truck		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
4	4	Ground Cloth		24	45	97	80
2	2	Two-burner stove		88	50	177	00
		COST OF GOODS SOLD: $110.65
		Total				274	80

Bookkeepers Copy