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. 20

Inter-Office Memo	From Samuel Stephens	Date June 15, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare checks for the following: (checks # 526,527,528,529)

Dex Company Invoice Dex65-40, terms n/60 $1,117.90

Dixon Company Invoice DC50-31, no discount $ 817.40

Robinson Company Invoice dated May, 15, terms 2/10, 1/30, n/60 $1,942.05

Technical Corporation Invoice dated May 20, terms n/30 $2,000.00

Business Paper No. 21

Inter-Office Memo	From Samuel Stephens	Date June 15, 20XX
To Bookkeeper	Subject Replenish Petty Cash Fund

Please prepare a check to me for replenishment of the petty cash fund. (check #530)

Petty Cash Voucher #3 Office Supplies $46.80 (use Office Supplies asset account)

Petty Cash Voucher #4 Transportation-in $35.90 (use Merchandise Inventory)

Business Paper No.22

Invoice # S6909

Sales Invoice

Zappo Corporation

Date June 21, 20XX

Sold To:

Mr. P. Davis

P.O. Box 14567

Grand Junction, Colorado 75345

Customer Order No. PD2034		Our Order No. S6909	Date Delivered 6/21/20XX	Delivered Via Customer Pickup		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
4	4	Type C Group of Camping Equipment		270	00	1,080	00
		Total				1080	00

Bookkeepers Copy

Cost of goods sold: $516.00

Business Paper No. 23

Invoice # S6910

Sales Invoice

Date June 22, 20XX

Sold To:

J. Still

2231 After Place

St. James, Colorado, 75127

Customer Order No. JS2035		Our Order No. S6910	Date Delivered 6/22/20XX	Delivered Our Truck		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
20	20	Ground Cloth		24	45	489	00
1	1	Four-burner stove		145	60	145	60
		Total				634	60

Bookkeepers Copy

Cost of goods sold: $317.00

Business Paper No. 24

Invoice # S6911

Sales Invoice

Date June 22, 20XX

Sold To:

S. Peeples

45 Canada Lane

St. James, Colorado, 75127

Customer Order No. SP204		Our Order No. S6911	Date Delivered 6/22/20XX	Delivered Our Truck		Terms n/30
Quantity
Ordered	Shipped	Description		Unit Price		Amount
5	5	Ground Cloth		24	45	122	25
4	4	Jackets		124	00	496	00
		Total				618	25

Bookkeepers Copy

Cost of goods sold: $237.80 Business Paper No. 25

Inter-Office Memo	From Samuel Stephens	Date June 22, 20XX
To Bookkeeper	Subject Cash Disbursements

Please prepare three (3) checks for the following invoices: (checks # 531,532,533)

Dixon Company Invoice DC50-45, June 13, terms 2/10, n/60 $ 647.20

Fulton, Incorporated Invoice F296-1, May, 23, terms 2/10, n/60 $ 108.00

Invoice F345-2, June 12, terms 2/10, n/60 $ 767.85

Samson Distributors Invoice S3968, May 23, terms n/30 $1,950.00

Business Paper No. 26

Inter-Office Memo	From Samuel Stephens	Date June 22, 20XX
To Bookkeeper	Subject Withdrawal

Please prepare a check for $3,000, payable to me for my personal use. Check #534