I am a bio-chem major and was forced to take this online. I'm not sure where to start
SALES JOURNAL POST INVOICE DATE NO. Page No. 6 ACCOUNT DEBITED ACCTS. REC. DR. COST OF SALE DR. REF SALES CR. INVENTORY CR. 1 1 2 2 3 3 4 4 5 5 6 6 CASH RECEIPTS JOURNAL Page No. 4 POST DATE ACCOUNT CREDITED OTHER REF ACCTS - CR. ACCOUNTS SALES - CR COST/SOLD DR. SALES CASH REC. - CR. INVENTORY CR. DISC. - DR. DR. 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 PURCHASES JOURNAL Page No. 11 POST DATE ACCOUNT CREDITED OTHER ACCOUNTS STORE MERCH. REF (SUNDRY) ACCTS - DR. PAYABLE CR. SUPPLIES DR. INVENORY DR. 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 CASH PAYMENTS JOURNAL CK. DATE NO. Page No. POST ACCOUNT DEBITED OTHER ACCOUNTS MERCH. REF (SUNDRY) ACCTS - DR. PAYABLE DR. INVENTORY CR. 8 CASH CR. 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 JOURNAL DATE DESCRIPTION Page No. 53 POST REF DEBIT CREDIT 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 JOURNAL DATE DESCRIPTION Page No. 54 POST REF DEBIT CREDIT 1 1 2 2 3 3 4 4 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 17 18 18 19 19 20 20 21 21 22 22 23 23 24 24 25 25 26 26 27 27 28 28 29 29 30 30 31 31 32 32 33 33 34 34 35 35 36 36 37 37 38 38 39 39 40 40 41 41 Inventory Control Sheet TV A: 52 inch Flat Screen Television Purchases Date Units Amount cost per unit 11/30/12 TV B: 68 inch Flat Screen Television Purchases Date Units Amount cost per unit 11/30/12 TV C: 72 inch Flat Screen Television Purchases Date Units Amount cost per unit 11/30/12 PS D: 6 foot x 10 foot Projector System Purchases Date Units Amount cost per unit 11/30/12 Cost of Goods Sold (Sales) Units cost per unit Amount Cost of Goods Sold (Sales) Units cost per unit Amount Cost of Goods Sold (Sales) Units cost per unit Amount INVENTORY Units 20 $2,000 Amount $40,000 INVENTORY Units Amount cost per unit 10 $3,000 $30,000 INVENTORY Units cost per unit 8 Cost of Goods Sold (Sales) Units cost per unit Amount cost per unit $3,500 Amount $28,000 INVENTORY Units cost per unit 5 $5,180 Ending Inventory Value: Amount $25,900 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER (CUSTOMERS) Customer Name: Albert Co. DATE TRANSACTION 11/20/12 POST REF SJ 5 DEBIT CREDIT 5,800 RUNNING BALANCE 5,800 Customer Name: Marie Co. DATE TRANSACTION 11/20/12 POST REF SJ 5 DEBIT CREDIT 7,500 RUNNING BALANCE 7,500 Customer Name: Cameron Co. DATE TRANSACTION 11/15/12 POST REF SJ 5 DEBIT CREDIT 8,700 RUNNING BALANCE 8,700 Customer Name: McKenzie Co. DATE TRANSACTION 11/27/12 POST REF SJ 5 DEBIT CREDIT 12,250 RUNNING BALANCE 12,250 Customer Name: Randall Co. DATE 12/30/12 TRANSACTION POST REF sj6 DEBIT 24,500 CREDIT RUNNING BALANCE 24,500 ACCOUNTS PAYABLE SUBSIDIARY LEDGER (VENDERS) Vendor Name: Prince Co. DATE TRANSACTION 11/26/12 POST REF DEBIT CREDIT 9,700 PJ 10 RUNNING BALANCE 9,700 Vendor Name: Joseph Co. DATE TRANSACTION 11/16/12 POST REF DEBIT CREDIT 6,100 PJ 10 RUNNING BALANCE 6,100 Vendor Name: Elisha Co. DATE TRANSACTION 11/29/12 POST REF DEBIT CREDIT 5,650 PJ 10 RUNNING BALANCE 5,650 Vendor Name: Matt Co. DATE TRANSACTION POST REF DEBIT CREDIT 580 12/11/12 RUNNING BALANCE 580 Vendor Name: DATE TRANSACTION POST REF DEBIT CREDIT RUNNING BALANCE Schedule of Accounts Receivable Total Accounts Receivable Schedule of Accounts Payable Total Accounts Payable GENERAL LEDGER Balance Sheet Accounts Cash DATE ACCOUNT NO. ITEM POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT Accounts Receivable DATE ITEM ITEM ITEM ITEM ITEM ITEM DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT ITEM POST REF DEBIT CREDIT ITEM POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT Accounts Payable DATE ITEM ITEM ITEM ITEM ITEM 310 BALANCE DEBIT CREDIT ACCOUNT NO. Income Summary DATE 220 BALANCE DEBIT CREDIT ACCOUNT NO. D. Williams, Drawing DATE 218 BALANCE DEBIT CREDIT ACCOUNT NO. D. Williams, Capital DATE 211 BALANCE DEBIT CREDIT ACCOUNT NO. Note Payable DATE 210 BALANCE DEBIT CREDIT ACCOUNT NO. Interest Payable DATE 124 BALANCE DEBIT CREDIT ACCOUNT NO. Salaries Payable DATE 123 BALANCE DEBIT CREDIT ACCOUNT NO. POST REF ITEM 117 BALANCE DEBIT CREDIT ACCOUNT NO. Accumulated Depreciation-Store Equipment DATE 116 BALANCE DEBIT CREDIT ACCOUNT NO. Store Equipment DATE 115 BALANCE DEBIT CREDIT ACCOUNT NO. Store Supplies DATE 113 BALANCE DEBIT CREDIT ACCOUNT NO. Prepaid Insurance DATE BALANCE DEBIT CREDIT ACCOUNT NO. Merchandise Inventory DATE 112 ACCOUNT NO. Allowance for Doubtful Accounts DATE 110 BALANCE DEBIT CREDIT 311 BALANCE DEBIT CREDIT ACCOUNT NO. 312 BALANCE DEBIT CREDIT GENERAL LEDGER Income Statement Accounts Sales DATE ACCOUNT NO. ITEM POST REF DEBIT CREDIT 410 BALANCE DEBIT CREDIT 853,445 943,570 961,570 11/30/12 12/31/12 90,125 18,000 s 12.31/12 cr Sales Returns and Allowances DATE ITEM ACCOUNT NO. POST REF DEBIT CREDIT 20,020 20,620 24,120 11/30/12 600 3,500 12/26/12 12/14/12 Sales Discounts DATE ITEM ACCOUNT NO. POST REF DEBIT CREDIT 936 Cost of Merchandise Sold DATE ITEM ACCOUNT NO. POST REF DEBIT CREDIT 11/30/12 51,700 10,360 12/31/12 12/31/12 2,000 12.14/12 Sales Salaries Expense DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT ITEM POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT POST REF DEBIT CREDIT ITEM Advertising Expense DATE ITEM ITEM ITEM ITEM ITEM ITEM ITEM ITEM 532 BALANCE DEBIT CREDIT 533 BALANCE DEBIT CREDIT ACCOUNT NO. Interest Expense DATE 531 BALANCE DEBIT CREDIT ACCOUNT NO. Miscellaneous Administrative Expense DATE 530 BALANCE DEBIT CREDIT ACCOUNT NO. Bad Debt Expense DATE 529 BALANCE DEBIT CREDIT ACCOUNT NO. Insurance Expense DATE 523 BALANCE DEBIT CREDIT ACCOUNT NO. Rent Expense DATE 522 BALANCE DEBIT CREDIT ACCOUNT NO. Office Salaries Expense DATE 521 BALANCE DEBIT CREDIT ACCOUNT NO. Miscellaneous Selling Expense DATE 520 BALANCE DEBIT CREDIT ACCOUNT NO. Store Supplies Expense DATE 414,575 466,275 476,635 474,635 ACCOUNT NO. Depreciation Expense DATE 510 BALANCE DEBIT CREDIT ACCOUNT NO. POST REF ITEM DATE 412 BALANCE DEBIT CREDIT 13,200 14,136 11/30/12 12/31/12 411 BALANCE DEBIT CREDIT 539 BALANCE DEBIT CREDIT ACCOUNT NO. 550 BALANCE DEBIT CREDIT Worksheet Unadjusted Account Title Trial Balance Dr. Cr. Adjusted Adjustments Dr. Cr. Income Equity Statement Trial Balance Statement and Balance Sheet Dr. Cr. Dr. Cr. Dr. Cr. 1 Cash 1 2 Accounts 2 Receivable 3 Allow for Doubtful Accts 4 Merchandise Inventory 5 Prepaid Insurance 6 Store Supplies 7 Store Equipment 8 Accm. Deprec-Store Eq. 9 Accounts Payable 10 Salaries Payable 11 Interest Payable 12 Note Payable (Due 2017) 13 D. Williams, Capital 14 D. Williams, Drawing 15 Sales 16 Sales Returns & Allow. 17 Sales Discounts 18 Cost of Merchandise Sold 19 Sales Salaries Exp. 20 Advertising Exp. 21 Depreciation Exp. 22 Store Supplies Exp. 23 Misc. Selling Exp. 24 Office Salaries Exp. 25 Rent Exp. 27 Insurance Exp. 26 Bad Debt Exp. 28 Misc. Administrative Exp. 29 Interest Expense 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 27 26 28 29 30 30 27 27 28 28 29 29 Income Statement Statement of Owner's Equity Balance Sheet Post-Closing Trial Balance ACCOUNT TITLE DEBIT CREDIT
