Please help me with week 3 of Jo and Mo's Icy Delights Accounting Practice Set, my journal entries match the correct check balances but my trial balances don't match. I don't know what to post to the subsidiary ledgers/general ledgers to get my trail balances to match the check figures. Could you tell me what to post to the general ledgers and what to post to the subsidiary ledgers? Each transaction was in one of the five journals (General, Cash payments, Cash receipts, Purchases, or sales) and should be posted in a ledger I think. pictures 9-13 are examples of where I can sort the journal amounts.
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THE ACCOUNTNG CYCLE PREPARE TO JOURNALIZE AND POST TRANSACTIONS As you begin to journalize and post transactions for Jo A Mo's icy Delights, ensure that you journalize all transactionis in the order they are written. This business uses both general and special journals; therefore. every transaction should be recorded in one of five (5) journals: Special journals are used to make recording and posting frequently occurring transactions more efficient. They consist of "special" columns labeled with account titles for accounts used in frequently occurring transactions. The Cash Recelpts and Cash Payments Joumals include an "Other" column that is used to hold accounts and amounts for items that do not fit in the special columns. When using a special journal, analyze transactions as normal and record the transaction in the appropriate joumal as discussed below. Note: record fixed asset purchases in General Journal. Posting from special journals occurs differently from the General Journal, which is posted immediately into General Ledger accounts. Any amounts affecting a customer, or a creditor/vendor, are posted immediately from the special journal to the appropriate account in the Accounts Receivable, or the Accounts Payable, subsidiary ledger. A "folio" is placed in the Post Reference column of the journal to indicate this amount has been posted to the custorner, or creditor/vendor, account. Any amounts in the "Other" column are posted immediately to the account written in the account title column. The account number is placed in the post reference column to show this amount has been posted. Note, at the end of the accounting period, each special journal column is totaled, and each total is posted to the General Ledger Accounts for special journals in the following order: 1) Sales; 2) Cash Receipts; 3) Purchases; and 4) Cash Payments. Posting in this order ensures integrity of the "normal balances" in each General Ledger Account. Account numbers are placed in parentheses below the column to indicate that the total has been posted WEEK 3 TRANSACTIONS Sep-21 A cash customer returned un-opened cartons of ice cream. The customer received a full refund of $50 Sep-20 Sale on account to Sassy's Dip Shop for $700,Inv.5. Sep-22 Sales on account to the Stay-a-While Inn for $400, Inv. 6. in cash. Sep-22 Grace Lovell, a valued customer, paid $100 in advance for ice cream that will be delivered to her home Sep-22 Joe's Repairs fixed a part on one of the refrigerators for $300. Paid cash for repairs, Inv. 225. on October 14. Sep-22 Paid $5,000 cash payment to Bud's Dairy on Inv. 101 Sep-23 Purchased merchandise on account from Sky Mountain Chocolate Factory for $1,250, Inv. 343 Sep-24 Received payment of $100 from Dale's Treats who purchased on credit during week 1 , Inv. 3 Sep-24 Jo and Mo withdrew $6,000 for personal use. Sep-25 Purchased ice cream from Bud's Dairy at a cost of $8,000 on account, Inv. 187 Sep-26 Week 3 (Sept 1925 ) cash sales were $8,120. ACCURACY CHECKPOINT - VALIDATE THAT TOTALS MATCH CHECK FIGURES BEFORE PROCEEDING CORRECTIONS Ensure that any corrections are made in both the manual set-of-books and the electronic set-ofbooks. ONCE YOUR TOTALS MATCH CHECK FIGURES, PROCEED TO THE NEXT STEP. CHART OF ACCOUNTS You have established the following chart of accounts for Jo and Mo's Icy Delights. Use These Account Titles For Your Journal Entries. CASH PAYMENTS JOURNAL. Page: I CASH RECEIPTS JOURNAL Page: 1 PURCHASESJOURNAL Page: 1 (Purchases \& A/P) General Ledger - Asset Accounts General Ledger - Liability Accounts Accounts Receivable Subsidiary Ledgers Accounts Payables Subsidiary Ledgers Accounts Payables Subsidiary Ledgers
