J K B D E F H TASK 3 Part B WEEK 8 You are provided with the EOM unadjusted ledger account closing balances. Complete with the postings from the Special Journals. Prepare: The Aug 30 Unadjusted trial balance CASH RECEIPTS JOURNAL DEBITS Bank Disc. Allow 87415.90 789.10 Date Aug.1 Date CREDITS Sales A/Rec's 44550.00 43655.00 Account EOM totals Aug. 30 CASH PAYMENTS JOURNAL DEBITS Cheque Other Ace's 19243.00 Date Aug. 30 Account EOM totals CREDITS A/Payable Bank Disc. Rec'd 52945.00 71180.00 1008.00 PURCHASE JOURNAL Terms CPJ "Other Expenditures" Account Freight inwards 7 Sales salaries Office salaries 8 Drawings 12 Electricity exp. 14 Sales salaries Office salaries 15 Drawings Delivery exp 19 Telephone exp. 21 Sales salaries Office salaries 22 Drawings 26 Legal & Acctg. Exp 28 Purchases Sales salaries Office salaries EOM totals Other Ace's 200.00 1800.00 700.00 600.00 525.00 1800.00 700.00 780.00 368.00 620.00 1800.00 700.00 800.00 350.00 5000.00 1800.00 700.00 19243.00 Inv Date Account name EOM totals Purchases 44350.00 A/Payable 44350.00 Aug 30 Inv Date Aug 30 Account name EOM totals SALES JOURNAL Sales 58395.00 Deliv. Exp A/Receivable 335.00 58730.00 THE BRIGHT SPOT GENERAL LEDGER CURRENT ASSETS CASH AT BANK Date Particulars Debit Credit Balance Aug-01 Bal b/d $ 40,125.00 30 CRU $ 87,415.90 $ 127,540.90 CP) $ 71,180.00 $ 56,360.90 PLANT ASSETS STORE EQUIPMENT AT COST Debit Credit Date Particulars Aug-01 Bal b/d Balance $ 22,500.00 ACCOUNTS RECEIVABLE CONTROL Date Particulars Debit Credit Balance Aug 01 Bal b/d $ 4,725.00 30 S $ 58,730.00 $ 63,455.00 ICRO $43.655.00 $ 19.800.00 STORE EQUIPMENT ACCUM. DEPRECIATION Date Particulars Debit Credit Aug-01 Bal b/d $ 8,900.00 Balance 340 B D E F G H J K Date Particulars Aug-01 Balb/d 30 SU CR) ACCOUNTS RECEIVABLE CONTROL Debit Credit Balance $ 4,725.00 $ 58,730.00 $ 63,455.00 $ 43,655.00 $ 19,800.00 STORE EQUIPMENT ACCUM. DEPRECIATION Date Particulars Debit Credit Aug-01 Balb/d $ 8.900.00 Balance INVENTORY Debit Credit Date Particulars Aug-01 Balb/d DELIVERY TRUCK AT COST Debit Credit Balance $ 100,174.00 Date Particulars Aug-01 Balb/d Balance $ 23,000.00 SUPPLIES ON HAND Debit DELIVERY TRUCK ACCUM. DEPRECIATION Date Particulars Debit Credit Aug-01 Balb/a $ 6,500.00 Balance Credit Date Particulars Aug-01 Balb/d GJ - Rubber Barons Balance 516.00 561.00 $ $ $ 45.00 PREPAID RENT Debit Credit Date Particulars Aug-01 Balb/d $ Balance 500.00 PREPAID INSURANCE Debit Credit 2 Date Particulars Aug-01 Bal b/d Balance 800.00 $ 5 OWNER'S EQUITY CURRENT LIABILITIES 8 ACCOUNTS PAYABLE CONTROL Date Particulars Debit Credit Anons Ral hd CAPITAL Debit Credit Balance 25 150 on Date Particulars Ausni Ral hd Balance C 154 94 m OWNER'S EQUITY CAPITAL Debit Credit Date Particulars Aug-01 Balb/d Balance $ 154,940.00 Date Credit Balance Particulars Aug-01 Bal b/d 30 Bank DRAWINGS Debit $ 16,000.00 $ 2,180.00 $ 18,180.00 INCOME SUMMARY Debit Date Particulars Credit Balance 65 66 67 CURRENT LIABILITIES 68 ACCOUNTS PAYABLE CONTROL 69 Date Particulars Debit Credit Balance 70 Aug-01 Bal b/d $ 36,150.00 71 30 PJ & GJ $45 $ 44,395.00$ 80,545.00 72 CP) $ 52,945.00 $ 27,600.00 73 74 75 SALES SALARIES PAYABLE 76 Date Particulars Debit Credit Balance 77 Aug-01 Bal b/d $ 900.00 78 Reversal $ 900.00 $ 79 80 81 OFFICE SALARIES PAYABLE 82 Date Particulars Debit Credit Balance 83 Aug-01 Balb/d $ 300.00 84 Reversal $ 300.00 85 86 87 TELEPHONE PAYABLE 88 Date Particulars Debit Credit Balance 89 Aug-01 Balb/d $ 400.00 90 Reversal $ 400.00 91 92 93 ELECTRICITY PAYABLE 94 Date Particulars Debit Credit Balance 95 Aug 01 Balb/d $ 250.00 96 Reversal $ 250.00 97 98 99 100 REVENUE 101 SALES 102 Date Particulars Debit Credit Balance ADMINISTRATIVE AND OTHER EXPENSES OFFICE SALARIES EXPENSE Particulars Debit Credit Date Balance 040 x A B D F G 7 8 9 00 REVENUE 01 32 Date Particulars 13 Aug 30 si 04 CRU 05 36 SALES Debit Credit Balance $ 58,395.00 $ 58,395.00 $ 44,550.00 $ 102,945.00 ADMINISTRATIVE AND OTHER EXPENSES OFFICE SALARIES EXPENSE Date Particulars Debit Credit Aug-01 Reversal $ 300.00$ 30 CP) $ 2,800.00 $ Balance 300.00 2,500.00 08 Date Particulars Aug 30 CP) 0 DISCOUNT RECEIVED Debit $ Credit 1,008.00 $ Balance 1,008.00 RENT EXPENSE Debit Date Particulars Credit Balance 2 3 COST OF GOODS SOLD 4 5 Date Particulars Aug-30 P 7 CPJ (Sparkle Lightg) Credit PURCHASES Debit $ 44,350.00 $ 5,000.00 Balance $ 44,350.00 $ 49,350.00 Date Particulars 1 Reversal Aug-30 CP) TELEPHONE EXPENSE Debit $ 620.00 Credit 400.00 $ $ Balance 400.00 220.00 $ 00 20 FREIGHT INWARDS Debit $ 200.00 Credit 21 Date Particulars 22 Aug-01CP) Date Balance 200.00 LEGAL AND ACCOUNTING FEES EXPENSE Particulars Debit Credit Aug-30CP) $ 350.00 Balance 350.00 $ $ 25 26 27 SELLING EXPENSES INSURANCE EXPENSE Debit Date Particulars Credit Balance 28 Date Particulars Aug-01 Reversal 30 CP SALES SALARIES EXPENSE Debit $ $ 7,200.00 Credit 900.00 $ $ Balance 900.00 6,300.00 29 30 31 32 33 34 DISCOUNT ALLOWED Debit $ 789.10 Date Particulars Aug-30 CRI Credit Balance 789.10 SUPPLIES EXPENSE $ Sh1 040 fox B F G H D 900.00 J Aug-01 Reversal 30 CP) $ $ 7,200.00 E 900.00 6,300.00 $ DISCOUNT ALLOWED Debit $ 789.10 Date Particulars Aug-30 CRI Credit SUPPLIES EXPENSE Debit Balance 789.10 $ Date Particulars Credit Balance Date Particulars Aug-30 S CP) DELIVERY EXPENSE Debit $ $ 368.00 Credit 335.00 $ Balance 335.00 33.00 Date Particulars Aug-01 Reversal CP) ELECTRICITY EXPENSE Debit $ $ 525.00 Credit 250.00 $ $ Balance 250.00 275.00 The Bright Spot. Unadjusted Trial Balance 31/8/20XX Cash at Bank Accounts Receivable Inventory Office Supplies on hand Prepaid rent Prepaid insurance Store Equipment Store Equipment Acc Dpn Delivery Truck Delivery Truck Acc Dpn Accounts Payable Sales salaries payable Office salaries payable Telephone payable Electricity payable Capital Drawings Sales Discount received Purchases Freight inwards Sales salaries expense Supplies expense Delivery expense Electricity expense Office salaries expense Telephone expense Legal & Acctg. Fees expense Discount allowed TOTAL