Part Three Instructions All T-accounts with the correct balances should be prepared. (There is an example of how to set up the T-Accounts in Excel at the end of the practice set. Make sure all accounts that were used in the Chart of Accounts are included and if they have a zero balance that you place the zero on the normal balance side. Blackboard Instructions: When entering in the journal entries into Blackboard please follow the examples below exactly. 1. There will be a box where you will enter each transaction on one line. First the debit and then the credit. Do NOT enter any account names only account SOCIETY numbers, Use Dr for Debit and Cr for Credit with no period. Also please put the cents even if it is zero. See example below: Dr 10000 $50,000.00 Cr 39003 $50,000.00 Notice that the account numbers do NOT have commas and the dollar amounts have commas and dollar signs and all dollar amounts have the cents even if it is zero. a If there is more than one debit a credit enter the debits first with the smallest account number(s) listed first and then the credits with the smallest account number listed first. Make sure that you enter Dr or before each account number. See example below: Dr 12000 $8,000.00 Cr 10000 $1,000.00 Cr 20000 $7000.00 b. For all sales, list the Sale entry first then the cost of Goods Sold entry second. The entire entry for both should be on one line. First the sale, as shown below, then the cost of the inventory. Again, put the smallest account number first, Dr 10000 $30,000.00 C 23300 $500.00 C 40000 $29,000.00 Dr 50000 $ 15,000.00 G 12000 $8,000.00 Cr 12100 $7,000.00 Both entries should all be on one line. c. If there is no journal entry and you only need to put in a number, please enter the amount as the dollar amount or as a number as the example below. $15,000.00 or 15,000 d When entering the ending balances for the T-Accounts enter the debit or credit first and the amount last. You do not need to enter the account number. See example below. Dr $10,000.00 or Cr $10,000.00 e if there is no journal entry to be written, please write No JE for no journal entry. See below for example. NO JE Part Three Instructions All T-accounts with the correct balances should be prepared. (There is an example of how to set up the T-Accounts in Excel at the end of the practice set. Make sure all accounts that were used in the Chart of Accounts are included and if they have a zero balance that you place the zero on the normal balance side. Blackboard Instructions: When entering in the journal entries into Blackboard please follow the examples below exactly. 1. There will be a box where you will enter each transaction on one line. First the debit and then the credit. Do NOT enter any account names only account SOCIETY numbers, Use Dr for Debit and Cr for Credit with no period. Also please put the cents even if it is zero. See example below: Dr 10000 $50,000.00 Cr 39003 $50,000.00 Notice that the account numbers do NOT have commas and the dollar amounts have commas and dollar signs and all dollar amounts have the cents even if it is zero. a If there is more than one debit a credit enter the debits first with the smallest account number(s) listed first and then the credits with the smallest account number listed first. Make sure that you enter Dr or before each account number. See example below: Dr 12000 $8,000.00 Cr 10000 $1,000.00 Cr 20000 $7000.00 b. For all sales, list the Sale entry first then the cost of Goods Sold entry second. The entire entry for both should be on one line. First the sale, as shown below, then the cost of the inventory. Again, put the smallest account number first, Dr 10000 $30,000.00 C 23300 $500.00 C 40000 $29,000.00 Dr 50000 $ 15,000.00 G 12000 $8,000.00 Cr 12100 $7,000.00 Both entries should all be on one line. c. If there is no journal entry and you only need to put in a number, please enter the amount as the dollar amount or as a number as the example below. $15,000.00 or 15,000 d When entering the ending balances for the T-Accounts enter the debit or credit first and the amount last. You do not need to enter the account number. See example below. Dr $10,000.00 or Cr $10,000.00 e if there is no journal entry to be written, please write No JE for no journal entry. See below for example. NO JE
