Part I (50 points) Due: _Tues, Sept 10 at beg of class From SUA IFL: Copies of the following general ledger accounts: 10100-Cash 10200 - Accounts Receivable 10300 - Allow. For Doubtful Accts 30100 - Sales 30200 - Sales Returns & Allowances 30300 - Sales Discounts Taken From SUA Journals: Copies of the following journals: Sales Journal Cash Receipts Journal General Journal Copy of monthly statement (from month-end 7). Printout of accounts receivable aged trial balance (from year-end 6). This needs to be prepared in Excel. Use Figure 3-8 on Reference book page 45 as your template. Part II (50 points) Due: Tues, Sept 17 at beg of class From SUA IFL: Copies of the following general ledger accounts: 10100 - Cash 10800 - Fixed Assets 20100 - Accounts Payable 30500 - Purchases 30600 - Purchases Retums & Allow 30700 - Purchases Discounts Taken 30800 - Freight-In 40100 - Rent 40200 - Advertising Expense 40300 - Office Supplies Expense 41000 - Other Operating Expense From SUA Journals: Copies of the following journals: Purchases Journal Cash Disbursements Journal General Journal Printout of accounts payable trial balance (from year-end 6). This needs to be prepared in Excel. Use Figure 4-5 on Reference book page 61 as your template. Document No. 1 Transactions List December 16 - 31, 2017 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions Flowcharts, and Ledgers book (step 5). Remember the importance of the systems flowcharts on pages 18 - 24 for details as to (a) documents to prepare. (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. Also, remember from the requirements that some of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. - Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipt (Doc. No. 1D) from the bank for $7.937.96 for deposit made December 14. Follow flowchart on page 21. No recording occurs at this time Cash receipts prelist is Doc. No. 9. File Doc No. 9 and Doc. No. 11 in the Temporary file tab Yes 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor Address: Freight carrier: Freight charges Allowances 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None Follow flowchart on page 22 Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doe No. 3). No Receiving of recording occurs at this point for this transaction Tear document apart and file, following the flowchart guidance, December Ires / 18 Borrowed $60,000 from First Am pavable (Doc. No. 14) with a stated annual c. No. 8) for $60,000 was received from the ban terms and conditions of the note and signed it from First American Bank and Trust by issuing a twe stated annual interest rate of 5%. Check No. 545 eived from the bank and deposited. Reviewed the and signed it (Ray Kramer) as the borrower. SCR s to write the following on the back of the Restrictively endorse means to write the follow check: "For deposit only. Waren Sports Sun See flowchart, page 21, for recording and depositi h the bottom portion of the check and file in the Shipping Detach the bottom portion of Banking file tab. File the note in the Shipping/Banking file tab. 9 [Yes Received customer purchase order No. 37225 (Doc University of Southern Iowa (USI), ap good ordered were shipped, exceptor shipment. order No. 37225 (Doc. No. 4) in the mail from the thern lowa (USI), approved their credit and shipped the goods. All d were shipped, except only 58 shoulder pad sets were available for SCR Carrier & number: Freight charges: Route: Truck & driver: Freight rate: Shipment: Allied Trucking: Carrier number 2154 FOB shipping point: Billed to buyer (i.e. paid by USD) Express Truck 2961XZ, John Arens $19.00 per 100 lbs. 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully. You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35 - 36 of the Reference book. Yes 20 Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. Follow the flowchart steps on page 20. December No I Increased employee pay rates, and employees changed their federal income tax withholding amounts, both effective December 16. There were no changes in filing status or withholding allowances, New Federal Income Tax New Pay Rate Withholding Amt. Ray Kramer $3,550.00 semimonthly $393.00 Jim Adams $22.00 per hour $222.00 Nancy Ford $18.00 per hour $72.00 No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes POD 22 Received merchandise from Velocity Sporting Goods as listed on purch order No. 328 All merchandise listed on the PO was delivered in good condition and in the quantities ordered, except that only 103 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. PCD o Freight carrier Interstate Motor Freight Freight bill: No. 26425 (Doc. No. 19), received with shipment . Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received. Yes 22 Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check No 22 Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. . Remember that Waren Sports Supply uses the "Allowance" method rather than "Direct write-off" for accounting for bad debts. ve 26 Received all the goods that Waren authorized Eastem Wisconsin University (EWUX to return on EWU's return request No. R8034 for credit against their account balance. Process and record the sales return now. [Yes 2 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastem Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check Do not finalize a deposit slip until you determine whether there are other cash receipts on the same day. December [res 2 - PCD Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and windor invoice No 243 (Doc. No. 18) from Chicago Office Supply. The tablets were received in new and undamaged condition and taken directly to the office The estimated useful life is 5 years with no salvage value. tablets were recol No 2423 (Doc. No 10 parchase order No 32 Yes 29 COS Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. Purchase orders are not issued for services that Waren purchases. MONTH-END PROCEDURES . After you have recorded all the transactions, go to page 12 of the Instructions, Howcharts, and Ledgers book and complete all the month-end procedures. An additional month-end requirement for this project is: Yes Monthly Statement- Prepare a monthly statement ((Doc. No. 15) for Eastern Wisconsin University YEAR-END PROCEDURES - After completing all the month-end procedures, go to page 14 of the Instructions. Flowcharts and Ledgers book and complete all the year-end procedures. Additional information for the year-end procedures is: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $194,327.00 No Bad Debt Expense- The expense for bad debts is estimated at the end of the year as one-quarter of one percent(0.0025 ) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts. GENERAL LEDGER Credit Debit Balance -0- 10500 - PREPAID EXPENSES Debit Journal Oct. 1 Balance Forward 10600 - MARKETABLE SECURITIES Credit Debit Debit Balance 2 400 000 Journal Oct. 1 Balance Forward 10700 - INTEREST RECEIVABLE Journal Debit Credit Debit Balance -0- Oct. 1 Balance Forward 10800 - FIXED ASSETS Journal Debit Credit Init Debit Ctrl Balance 32066500 NF Oct. 1 Balance Forward olor Color Color Color Color Color type Defeer cond (2), or GENERAL LEDGER ACCUMULATED DEPRECIATION 900 - ACCUMU 11 Balance Forward B Oct Journal Debit Credit Credit Ctrl Balance Init 8155950 NF 1000 - NOTES RECEIVABLE od 1 Balance Forward Journal Debit Credit Debit Balance -0- 20100 - ACCOUNTS PAYABLE Journal Debit Credit Oct. Oct. 1 Balance Forward 31 Credit Ctri Bala Balance Init 108783 NE Nov. 8592080 2793809 CD CD 30 8237283 28923 89 443580 NF 1365000 NF 20200 - WAGES AND SALARIES PAYABLE Journal Debit Credit Credit Balance T-o- Oct. 1 Balance Forward ir SM na GENERAL LEDGER Credit 30900 Debit Journal Debit Balance 196983500 1050 120.00 0078500.00 30500 - PURCHASES [Oct Balance Forward 81 285.00 2.73 $000 Oct. 1 Oct. 31 Nov. 30 Credit Balance Credit 310 30600 - PURCHASES RETURNS AND ALLOWANCES Journal Debit 1944500 Oct. 1 Balance Forward 30700 - PURCHASES DISCOUNTS TAKEN Credit Balance Debit Journal Credit Oct. 1 Balance Forward Oct. 31 Nov. 30 1338800 11625 701501370 547 60 1 5561 30 30800 - FREIGHT-IN Journal Debit Credit Oct. Oct. 1 31 Balance Forward Debit Balance 1 8038/35 21023.95 2338094 Nov. 30 CD CD 298560 2356 99 GENERAL LLD Debit Credit Balance Debit 4320 000 Journal 40100 - RENT EXPENSE 4800 0,00 52800.00 Balance Forward 480 000 480000 Oct. 1 Oct. 31 Nov. 30 CD CD Debit Credit Debit 40200 - ADVERTISING EXPENSE Journal Balance 1303 000 17555.00 2080500 Balance Forward CD Oct. 1 Oct. 31 Nov. 30 4525.00 32 50 00 CD 40300 - OFFICE SUPPLIES EXPENSE Journal Debit Credit Balance Forward Oct. 1 Oct. 31 Nov. 30 Debit Balance 3518141 450 421 506230 19.85.80 55809 40400 - DEPRECIATION EXPENSE Journal Debit Credit Debit Balance Oct. 1 Balance Forward 34 Dobit Balance Credit GENERAL LEDGER Journal Debit 40900 - BAD DEBT EXPENSE Oct. 1 Balance Forward Debit Credit 41000 - OTHER OPERATING EXPENSE Journal Debit Balance 1188014 Oct. Oct. 1 31 Balance Forward 2500 36 50 00 1985 21 2000 076365 23540 35 SAUS Nov. 30 25325.00 Journal Debit Credit Balance Journal Debit Credit Balance Journal Debit Credit Balance 36 GENERAL LEDGER 10100 - CASH 1 Balance Forward Journal Debit Credit Det 31 Debit Balance 44351 12 CR 01039564 Net Wages and Salary Bank Service Charge Nov. 30 8201356 Net Wages and Salary Bank Service Charge 98066 06 10546 67 2500 4610903 43850 15 1087910 2100 7347234 10200 - ACCOUNTS RECEIVABLE Journal Debit Init Oct. Oct. 1 31 Balance Forward 8471400 Debit Ctrl Credit Balance | 49 45100 NF 7436900 6179600 NF TTTTT 75054 00 2400 500 NF Nov. 30 137263 00 10300 - ALLOWANCE FOR DOUBTFUL ACCOUNTS Journal Debit Credit Credit Balance 1150 81 Balance Forward Oct. Dec 1 22 Debit Balance 10400 - INVENTORY Journal Debit Credit 10168100 Oct. 1 Balance Forward GENERAL JOURNAL November and December Post Debit Credit Account Date No. Explanation Nov. 30 40600 Payroll Tax Expense 20600 FICA Payable 20400 SUTA Payable 20500 FUTA Payable 108590 1014/65 6096 10 30 To record November payroll Nov. 30 41000 Other Operating Expense 10100 Cash 2100 2000 To record November bank service charge Dec. 22/10300 Allow BD. Acc. Recivable 12700,oo 401 2/90000 SALES JOURNAL November and December Invoice or Credit Memo Number Subs Post Ref Credit Sales G/L 30100 Date Customer Nov. 7 Stevenson College Nov. 7 Rosemont University Nov. 10 Branch College Nov. 14 Eastern Wisconsin Univ. CM41 724 725 Subsidiary Account Number 411 401 408 410 Debit Accts. Rec. Sales Returns G/L 10200 G/L 30200 (2301400) 23 014 00 246000 3291200 2490 500 [246000 329 12.00 2440500 - 726 2300400 6027100 Monthly Totals FC 13126300 IM Dec. 1 Rosemont University Dec. 7 Clayborn University Dec. 8 Eastern Wisconsin Univ. Dec. 13 Branch College 727 728 729 730 406 407 410 407400 1725200 | 2187200 65600 417400 725200 2187200 1165600 408 CASH RECEIPTS JOURNAL November and December CREDIT Acct Sales Disc G/L 30300 Sales GIL 30100 Accounts Receivable G/L 10200 Subs Trans Subs Acct No. Amount Post Ref 4113468200 Other GIL Trans Amount Post Ref No. DEBIT Dep Ctrl Cash Date Description Init G/L 10100 Nov. 1 Stevenson College NF 34/68200 Nov. 13 McClain College NF 1767.00 Nov. 17 Rosemont University NF 2410 80 Nov. 17 Branch College NF 32253 76 Nov. 21 Eastern Wisconsin Univ. NF5 00 000 776700 49/20 406 246000 65824 408 329.12.00 41050 00 00 Monthly Totals FC RK 8200356 70744 75054 00 1776700 Lectup 5890 00 83 48 406 417 4007 53060o 14504 407125200 Dec. 6 Gates University Dec. 8 Rosemont University Dec. 12 Hancock College Dec. 14 Clayborn University Dec. 14 Atwood Brothers Dec. 16. Frist American Bank Dec 22 Brauch (dlege. NF 58 9000 NF 40 90 52 NF53 04 00 NFL 7106961 NFL 182500 600000 62285 31200 82500 Lect DEBIT Freight-in G/L 30800 Other GIL Acct Trans No. 1 Amount 410002575.00 Date Dec, 1 Doc. 12 Dec 13 Dec, 13 Dec 13 Dec, 13 Dec. 14 CASH DISBURSEMENTS JOURNAL December CREDIT Accounts Payable G/L 20100 Purchases Subs Check Cash Discounts Subs Trans Post Number Description G/L 10100 G/L 30700 Acct No. Amount Ref 1140 First Security Insurance || 2515.00 1141 Chicago Office Supply 136700 253136700 1142 Velocity Sporting Goods 3539 2 70 722 30 252310500 1143 Worldwide Management 48 00 00 1144 Board of Water & Light 1360 25 1145 Interstate Motor Freight 77875 1146 Internal Revenue Service 339905 4 80 000 1360 25 40100 41000 | 718 75 20300 20600 20500 20400 1369.75 (202930 11030 6096 0 0 30 Dec, 141147 Internal Revenue Service Dec. 14 1148 State of Illinois Dec 15 1149-51 See Payroll Journal Part I (50 points) Due: _Tues, Sept 10 at beg of class From SUA IFL: Copies of the following general ledger accounts: 10100-Cash 10200 - Accounts Receivable 10300 - Allow. For Doubtful Accts 30100 - Sales 30200 - Sales Returns & Allowances 30300 - Sales Discounts Taken From SUA Journals: Copies of the following journals: Sales Journal Cash Receipts Journal General Journal Copy of monthly statement (from month-end 7). Printout of accounts receivable aged trial balance (from year-end 6). This needs to be prepared in Excel. Use Figure 3-8 on Reference book page 45 as your template. Part II (50 points) Due: Tues, Sept 17 at beg of class From SUA IFL: Copies of the following general ledger accounts: 10100 - Cash 10800 - Fixed Assets 20100 - Accounts Payable 30500 - Purchases 30600 - Purchases Retums & Allow 30700 - Purchases Discounts Taken 30800 - Freight-In 40100 - Rent 40200 - Advertising Expense 40300 - Office Supplies Expense 41000 - Other Operating Expense From SUA Journals: Copies of the following journals: Purchases Journal Cash Disbursements Journal General Journal Printout of accounts payable trial balance (from year-end 6). This needs to be prepared in Excel. Use Figure 4-5 on Reference book page 61 as your template. Document No. 1 Transactions List December 16 - 31, 2017 Complete each of the following transactions in accordance with the seven-step process on pages 11-12 of the Instructions Flowcharts, and Ledgers book (step 5). Remember the importance of the systems flowcharts on pages 18 - 24 for details as to (a) documents to prepare. (b) approvals and other internal control procedures, (c) accounting entries, and (d) filing. Also, remember from the requirements that some of the following events require the preparation or modification of systems documents and some do not. You are to perform the roles of Ray Kramer, Nancy Ford, and Jim Adams. - Hints are provided in boxed areas like this. December Yes 18 Received validated deposit receipt (Doc. No. 1D) from the bank for $7.937.96 for deposit made December 14. Follow flowchart on page 21. No recording occurs at this time Cash receipts prelist is Doc. No. 9. File Doc No. 9 and Doc. No. 11 in the Temporary file tab Yes 18 Ordered the following inventory on account from Velocity Sporting Goods, using purchase order No. 328 (Doc. No. 16). Units 120 Description Basketball pole pad Basketball bag Portable inflation pump Trainer's first aid kit 30 75 Vendor Address: Freight carrier: Freight charges Allowances 1285 Colgrove Ave., Pierre, SD 57501 Interstate Motor Freight Collect (i.e., paid by Waren Sports Supply) None Follow flowchart on page 22 Use purchase order No. 325 (Doc. No. 16) as a guide. Use the price list (Doe No. 3). No Receiving of recording occurs at this point for this transaction Tear document apart and file, following the flowchart guidance, December Ires / 18 Borrowed $60,000 from First Am pavable (Doc. No. 14) with a stated annual c. No. 8) for $60,000 was received from the ban terms and conditions of the note and signed it from First American Bank and Trust by issuing a twe stated annual interest rate of 5%. Check No. 545 eived from the bank and deposited. Reviewed the and signed it (Ray Kramer) as the borrower. SCR s to write the following on the back of the Restrictively endorse means to write the follow check: "For deposit only. Waren Sports Sun See flowchart, page 21, for recording and depositi h the bottom portion of the check and file in the Shipping Detach the bottom portion of Banking file tab. File the note in the Shipping/Banking file tab. 9 [Yes Received customer purchase order No. 37225 (Doc University of Southern Iowa (USI), ap good ordered were shipped, exceptor shipment. order No. 37225 (Doc. No. 4) in the mail from the thern lowa (USI), approved their credit and shipped the goods. All d were shipped, except only 58 shoulder pad sets were available for SCR Carrier & number: Freight charges: Route: Truck & driver: Freight rate: Shipment: Allied Trucking: Carrier number 2154 FOB shipping point: Billed to buyer (i.e. paid by USD) Express Truck 2961XZ, John Arens $19.00 per 100 lbs. 3 cartons/goal and rim sets @ 40 lbs./carton 5 cartons/backboards @ 150 lbs./carton 7 cartons/shoulder pad sets @ 25 lbs./carton 10 cartons/football helmets @ 16 lbs./carton See flowchart, pages 18 and 19; follow all steps carefully. You will use several documents and record an entry in the sales journal and the accounts receivable subsidiary ledger for this transaction. For guidance in preparing the bill of lading, see pages 35 - 36 of the Reference book. Yes 20 Received sales return request No. R8034 (Doc. No. 12) in the mail from Eastern Wisconsin University (EWU). The request was approved and the acknowledgment copy mailed to EWU. Follow the flowchart steps on page 20. December No I Increased employee pay rates, and employees changed their federal income tax withholding amounts, both effective December 16. There were no changes in filing status or withholding allowances, New Federal Income Tax New Pay Rate Withholding Amt. Ray Kramer $3,550.00 semimonthly $393.00 Jim Adams $22.00 per hour $222.00 Nancy Ford $18.00 per hour $72.00 No accounting entries are necessary, but you must update the pay rate history information in the Employee Earnings Subsidiary Ledger Yes POD 22 Received merchandise from Velocity Sporting Goods as listed on purch order No. 328 All merchandise listed on the PO was delivered in good condition and in the quantities ordered, except that only 103 basketball pole pads (Item No. BB-019) were received. The goods were placed immediately in the inventory warehouse. PCD o Freight carrier Interstate Motor Freight Freight bill: No. 26425 (Doc. No. 19), received with shipment . Remember to follow the flowchart on page 22. You can't record a purchase yet because the invoice hasn't been received. Yes 22 Received check No. 28564 (Doc. No. 8) from Branch College for payment in full for charge invoice No. 730, and deposited the check No 22 Received legal notification from Benson, Rosenbrook, and Martinson, P.C., attorneys at law, that Stevenson College had filed bankruptcy and will be unable to pay any of its outstanding debts to its suppliers. Write off the account as a bad debt. . Remember that Waren Sports Supply uses the "Allowance" method rather than "Direct write-off" for accounting for bad debts. ve 26 Received all the goods that Waren authorized Eastem Wisconsin University (EWUX to return on EWU's return request No. R8034 for credit against their account balance. Process and record the sales return now. [Yes 2 Received check No. 49326 (Doc. No. 8) for $10,000 from Eastem Wisconsin University in partial payment of the remaining amount (after sales return) on charge invoice No. 729, and deposited the check Do not finalize a deposit slip until you determine whether there are other cash receipts on the same day. December [res 2 - PCD Received the 11-inch tablets ordered on Waren's purchase order No. 325 (Doc. No. 16) and windor invoice No 243 (Doc. No. 18) from Chicago Office Supply. The tablets were received in new and undamaged condition and taken directly to the office The estimated useful life is 5 years with no salvage value. tablets were recol No 2423 (Doc. No 10 parchase order No 32 Yes 29 COS Received vendor invoice No. 72654 (Doc. No. 18) from University Athletic News for advertisements Waren ran during the Christmas season and immediately issued a check (Doc. No. 20) for payment in full. Purchase orders are not issued for services that Waren purchases. MONTH-END PROCEDURES . After you have recorded all the transactions, go to page 12 of the Instructions, Howcharts, and Ledgers book and complete all the month-end procedures. An additional month-end requirement for this project is: Yes Monthly Statement- Prepare a monthly statement ((Doc. No. 15) for Eastern Wisconsin University YEAR-END PROCEDURES - After completing all the month-end procedures, go to page 14 of the Instructions. Flowcharts and Ledgers book and complete all the year-end procedures. Additional information for the year-end procedures is: No Ending Inventory - A physical inventory was taken 1/1/18, before business began for the new year. Merchandise on hand cost $194,327.00 No Bad Debt Expense- The expense for bad debts is estimated at the end of the year as one-quarter of one percent(0.0025 ) of net sales. No Marketable Securities - At December 31, 2017, the market value of marketable securities held by Waren approximated the cost of the securities. The project is now complete. Good work! Review your materials to make certain everything is finalized. Complete the filing of documents, records, and working papers using the file tabs and the envelope in which the Aid is packaged. File all materials as indicated in the flowcharts. GENERAL LEDGER Credit Debit Balance -0- 10500 - PREPAID EXPENSES Debit Journal Oct. 1 Balance Forward 10600 - MARKETABLE SECURITIES Credit Debit Debit Balance 2 400 000 Journal Oct. 1 Balance Forward 10700 - INTEREST RECEIVABLE Journal Debit Credit Debit Balance -0- Oct. 1 Balance Forward 10800 - FIXED ASSETS Journal Debit Credit Init Debit Ctrl Balance 32066500 NF Oct. 1 Balance Forward olor Color Color Color Color Color type Defeer cond (2), or GENERAL LEDGER ACCUMULATED DEPRECIATION 900 - ACCUMU 11 Balance Forward B Oct Journal Debit Credit Credit Ctrl Balance Init 8155950 NF 1000 - NOTES RECEIVABLE od 1 Balance Forward Journal Debit Credit Debit Balance -0- 20100 - ACCOUNTS PAYABLE Journal Debit Credit Oct. Oct. 1 Balance Forward 31 Credit Ctri Bala Balance Init 108783 NE Nov. 8592080 2793809 CD CD 30 8237283 28923 89 443580 NF 1365000 NF 20200 - WAGES AND SALARIES PAYABLE Journal Debit Credit Credit Balance T-o- Oct. 1 Balance Forward ir SM na GENERAL LEDGER Credit 30900 Debit Journal Debit Balance 196983500 1050 120.00 0078500.00 30500 - PURCHASES [Oct Balance Forward 81 285.00 2.73 $000 Oct. 1 Oct. 31 Nov. 30 Credit Balance Credit 310 30600 - PURCHASES RETURNS AND ALLOWANCES Journal Debit 1944500 Oct. 1 Balance Forward 30700 - PURCHASES DISCOUNTS TAKEN Credit Balance Debit Journal Credit Oct. 1 Balance Forward Oct. 31 Nov. 30 1338800 11625 701501370 547 60 1 5561 30 30800 - FREIGHT-IN Journal Debit Credit Oct. Oct. 1 31 Balance Forward Debit Balance 1 8038/35 21023.95 2338094 Nov. 30 CD CD 298560 2356 99 GENERAL LLD Debit Credit Balance Debit 4320 000 Journal 40100 - RENT EXPENSE 4800 0,00 52800.00 Balance Forward 480 000 480000 Oct. 1 Oct. 31 Nov. 30 CD CD Debit Credit Debit 40200 - ADVERTISING EXPENSE Journal Balance 1303 000 17555.00 2080500 Balance Forward CD Oct. 1 Oct. 31 Nov. 30 4525.00 32 50 00 CD 40300 - OFFICE SUPPLIES EXPENSE Journal Debit Credit Balance Forward Oct. 1 Oct. 31 Nov. 30 Debit Balance 3518141 450 421 506230 19.85.80 55809 40400 - DEPRECIATION EXPENSE Journal Debit Credit Debit Balance Oct. 1 Balance Forward 34 Dobit Balance Credit GENERAL LEDGER Journal Debit 40900 - BAD DEBT EXPENSE Oct. 1 Balance Forward Debit Credit 41000 - OTHER OPERATING EXPENSE Journal Debit Balance 1188014 Oct. Oct. 1 31 Balance Forward 2500 36 50 00 1985 21 2000 076365 23540 35 SAUS Nov. 30 25325.00 Journal Debit Credit Balance Journal Debit Credit Balance Journal Debit Credit Balance 36 GENERAL LEDGER 10100 - CASH 1 Balance Forward Journal Debit Credit Det 31 Debit Balance 44351 12 CR 01039564 Net Wages and Salary Bank Service Charge Nov. 30 8201356 Net Wages and Salary Bank Service Charge 98066 06 10546 67 2500 4610903 43850 15 1087910 2100 7347234 10200 - ACCOUNTS RECEIVABLE Journal Debit Init Oct. Oct. 1 31 Balance Forward 8471400 Debit Ctrl Credit Balance | 49 45100 NF 7436900 6179600 NF TTTTT 75054 00 2400 500 NF Nov. 30 137263 00 10300 - ALLOWANCE FOR DOUBTFUL ACCOUNTS Journal Debit Credit Credit Balance 1150 81 Balance Forward Oct. Dec 1 22 Debit Balance 10400 - INVENTORY Journal Debit Credit 10168100 Oct. 1 Balance Forward GENERAL JOURNAL November and December Post Debit Credit Account Date No. Explanation Nov. 30 40600 Payroll Tax Expense 20600 FICA Payable 20400 SUTA Payable 20500 FUTA Payable 108590 1014/65 6096 10 30 To record November payroll Nov. 30 41000 Other Operating Expense 10100 Cash 2100 2000 To record November bank service charge Dec. 22/10300 Allow BD. Acc. Recivable 12700,oo 401 2/90000 SALES JOURNAL November and December Invoice or Credit Memo Number Subs Post Ref Credit Sales G/L 30100 Date Customer Nov. 7 Stevenson College Nov. 7 Rosemont University Nov. 10 Branch College Nov. 14 Eastern Wisconsin Univ. CM41 724 725 Subsidiary Account Number 411 401 408 410 Debit Accts. Rec. Sales Returns G/L 10200 G/L 30200 (2301400) 23 014 00 246000 3291200 2490 500 [246000 329 12.00 2440500 - 726 2300400 6027100 Monthly Totals FC 13126300 IM Dec. 1 Rosemont University Dec. 7 Clayborn University Dec. 8 Eastern Wisconsin Univ. Dec. 13 Branch College 727 728 729 730 406 407 410 407400 1725200 | 2187200 65600 417400 725200 2187200 1165600 408 CASH RECEIPTS JOURNAL November and December CREDIT Acct Sales Disc G/L 30300 Sales GIL 30100 Accounts Receivable G/L 10200 Subs Trans Subs Acct No. Amount Post Ref 4113468200 Other GIL Trans Amount Post Ref No. DEBIT Dep Ctrl Cash Date Description Init G/L 10100 Nov. 1 Stevenson College NF 34/68200 Nov. 13 McClain College NF 1767.00 Nov. 17 Rosemont University NF 2410 80 Nov. 17 Branch College NF 32253 76 Nov. 21 Eastern Wisconsin Univ. NF5 00 000 776700 49/20 406 246000 65824 408 329.12.00 41050 00 00 Monthly Totals FC RK 8200356 70744 75054 00 1776700 Lectup 5890 00 83 48 406 417 4007 53060o 14504 407125200 Dec. 6 Gates University Dec. 8 Rosemont University Dec. 12 Hancock College Dec. 14 Clayborn University Dec. 14 Atwood Brothers Dec. 16. Frist American Bank Dec 22 Brauch (dlege. NF 58 9000 NF 40 90 52 NF53 04 00 NFL 7106961 NFL 182500 600000 62285 31200 82500 Lect DEBIT Freight-in G/L 30800 Other GIL Acct Trans No. 1 Amount 410002575.00 Date Dec, 1 Doc. 12 Dec 13 Dec, 13 Dec 13 Dec, 13 Dec. 14 CASH DISBURSEMENTS JOURNAL December CREDIT Accounts Payable G/L 20100 Purchases Subs Check Cash Discounts Subs Trans Post Number Description G/L 10100 G/L 30700 Acct No. Amount Ref 1140 First Security Insurance || 2515.00 1141 Chicago Office Supply 136700 253136700 1142 Velocity Sporting Goods 3539 2 70 722 30 252310500 1143 Worldwide Management 48 00 00 1144 Board of Water & Light 1360 25 1145 Interstate Motor Freight 77875 1146 Internal Revenue Service 339905 4 80 000 1360 25 40100 41000 | 718 75 20300 20600 20500 20400 1369.75 (202930 11030 6096 0 0 30 Dec, 141147 Internal Revenue Service Dec. 14 1148 State of Illinois Dec 15 1149-51 See Payroll Journal
