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Schedules of accounts GENERAL LEDGER POST ADJUSTING Account: Cash Account No. 100 Date Description May 31Balance Jun 30Total from cash receipts journal Jun 30Total from

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GENERAL LEDGER POST ADJUSTING Account: Cash Account No. 100 Date Description May 31Balance Jun 30Total from cash receipts journal Jun 30Total from cash payments journal Jun 30Interest received from the bank Jun 30Not-Sufficient-Funds (NSF) check Jun 30Bank service charge Jun 30 Ref. Debit Credit CRJ 119,159 CPJ 42,907 GJ 600 GJ 1,700 GJ 10 Adjusted Balance Balance 71,346 DR 190,505 DR 147,598 DR 148,198 DR 146,498 DR 146,488 DR 146,488 DR Account: ARC Accounts Receivable Control Account No. 110 Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30Not-Sufficient-Funds (NSF) check Jun 30 Ref. Debit Credit GJ 656 SJ 68,576 CRJ 30,144 GJ 1,700 Adjusted Balance Balance 32,321 DR 31,665 DR 100,241 DR 70,097 DR 71,797 DR 71,797 DR Account: Merchandise Inventory Account No. 120 Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 28Purchase return to Sports 'R Us Jun 30Total from sales journal Jun 30Total from purchases journal Jun 30Total from cash receipts journal Jun 30Total from cash payments journal Jun 30 Ref. Debit Credit GJ 368 GJ 1,600 SJ 37,760 PJ 21,720 CRJ 23,384 CPJ 1,440 Adjusted Balance Account: Office Supplies Account No. 130 Date Description May 31Balance Jun 1Cash purchase Jun 30Supplies used Jun 30 Ref. Debit Credit CPJ 334 GJ 598 Adjusted Balance Balance 2,515 DR 2,849 DR 2,251 DR 2,251 DR Account: Prepaid Rent Account No. 140 Date Description Ref. Debit Credit May 31Balance Jun 1Prepaid rent CPJ 8,300 Jun 30Rent expired GJ 4,150 Jun 30 Adjusted Balance Balance 0 8,300 DR 4,150 DR 4,150 DR Balance 71,224 DR 71,592 DR 69,992 DR 32,232 DR 53,952 DR 30,568 DR 32,008 DR 32,008 DR Account: Prepaid Advertising Account No. 141 Date Description May 31Balance Jun 30Benefits consumed Jun 30 Ref. Debit Credit Balance 9,000 DR 6,000 DR 6,000 DR GJ 3,000 Adjusted Balance Account: Prepaid Insurance Account No. 142 Date Description May 31Balance Jun 30Insurance expired Jun 30 Ref. Debit Credit Balance 5,000 DR 4,000 DR 4,000 DR GJ 1,000 Adjusted Balance Account: Office Furniture Account No. 150 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 7,000 DR 7,000 DR Account: Accum Depn: Office Furniture Account No. 151 Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Ref. Debit Credit Balance 1,875 CR 2,000 CR 2,000 CR GJ 125 Adjusted Balance Account: Office Equipment Account No. 160 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 46,000 DR 46,000 DR Account: Accum Depn: Office Equipment Account No. 161 Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Ref. Debit Credit Balance 16,420 CR 16,742 CR 16,742 CR GJ 322 Adjusted Balance Account: APC Accounts Payable Control Account No. 210 Date Description May 31Balance Jun 28Purchase return to Sports 'R Us Jun 30Total from purchases journal Jun 30Total from cash payments journal Jun 30 Ref. Debit Credit GJ 1,600 PJ 21,720 CPJ 18,991 Adjusted Balance Account: Wages Payable Account No. 220 Date Description Ref. Debit Credit Balance Balance 47,634 CR 46,034 CR 67,754 CR 48,763 CR 48,763 CR May 31Balance Jun 4Paid staff wages Jun 30Accrued wages expense Jun 30 1,110 CR 0 1,860 CR 1,860 CR CPJ 1,110 GJ 1,860 Adjusted Balance Account: Electricity Payable Account No. 221 Date Description May 31Balance Jun 3Paid electricity bill Jun 30Accrued electricity expense Jun 30 Ref. Debit Credit Balance 805 CR 62 CR 268 CR 268 CR CPJ 743 GJ 206 Adjusted Balance Account: Water Payable Account No. 222 Date Description May 31Balance Jun 30Accrued water expense Jun 30 Ref. Debit Credit Balance 117 CR 233 CR 233 CR GJ 116 Adjusted Balance Account: Interest Payable Account No. 225 Date Description May 31Balance Jun 30Accrued interest expense Jun 30 Ref. Debit Credit Balance 0 220 CR 220 CR GJ 220 Adjusted Balance Account: Bank Loan Payable Account No. 250 Date Description May 31Balance Jun 1Loan from MRMC Bank Jun 30 Ref. Debit Credit Balance 0 44,000 CR 44,000 CR CRJ 44,000 Adjusted Balance Account: Common Stock Account No. 300 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 45,000 CR 45,000 CR Account: Retained Earnings Account No. 301 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 131,445 CR 131,445 CR Account: Income Summary Account No. 310 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 0 0 Account: Sales Revenue Account No. 400 Date Description May 31Balance Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30 Ref. Debit Credit Balance 0 68,576 CR 113,856 CR 113,856 CR SJ 68,576 CRJ 45,280 Adjusted Balance Account: Sales Returns and Allowances Account No. 401 Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30 Ref. Debit Credit Balance 0 656 DR 656 DR GJ 656 Adjusted Balance Account: Sales Discounts Account No. 402 Date Description May 31Balance Jun 30Total from cash receipts journal Jun 30 Ref. Debit Credit Balance 0 265 DR 265 DR CRJ 265 Adjusted Balance Account: Interest Revenue Account No. 403 Date Description May 31Balance Jun 30Interest received from the bank Jun 30 Ref. Debit Credit Balance 0 600 CR 600 CR GJ 600 Adjusted Balance Account: Cost of Goods Sold Account No. 500 Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30 Ref. Debit Credit Balance 0 368 CR 37,392 DR 60,776 DR 60,776 DR GJ 368 SJ 37,760 CRJ 23,384 Adjusted Balance Account: Advertising Expense Account No. 511 Date Description May 31Balance Jun 30Benefits consumed Jun 30 Ref. Debit Credit Balance GJ 3,000 Adjusted Balance 0 3,000 DR 3,000 DR Account: Wages Expense Account No. 516 Date Description May 31Balance Jun 30Total from cash payments journal Jun 30Accrued wages expense Jun 30 Ref. Debit Credit CPJ 7,089 GJ 1,860 Adjusted Balance Balance 0 7,089 DR 8,949 DR 8,949 DR Account: Rent Expense Account No. 540 Date Description Ref. Debit Credit May 31Balance Jun 30Rent expired GJ 4,150 Jun 30 Adjusted Balance Balance 0 4,150 DR 4,150 DR Account: Electricity Expense Account No. 541 Date Description May 31Balance Jun 30Accrued electricity expense Jun 30 Ref. Debit Credit Balance 0 206 DR 206 DR GJ 206 Adjusted Balance Account: Water Expense Account No. 542 Date Description May 31Balance Jun 30Accrued water expense Jun 30 Ref. Debit Credit Balance 0 116 DR 116 DR GJ 116 Adjusted Balance Account: Insurance Expense Account No. 543 Date Description May 31Balance Jun 30Insurance expired Jun 30 Ref. Debit Credit Balance 0 1,000 DR 1,000 DR GJ 1,000 Adjusted Balance Account: Office Supplies Expense Account No. 544 Date Description May 31Balance Jun 30Supplies used Jun 30 Ref. Debit Credit Balance 0 598 DR 598 DR GJ 598 Adjusted Balance Account: Salary Expense Account No. 545 Date Description Ref. Debit Credit May 31Balance Jun 30Owner salary CPJ 4,900 Jun 30 Adjusted Balance Balance 0 4,900 DR 4,900 DR Account: Depn Expense: Office Furniture Account No. 560 Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Ref. Debit Credit Balance 0 125 DR 125 DR GJ 125 Adjusted Balance Account: Depn Expense: Office Equipment Account No. 561 Date Description Ref. Debit Credit Balance May 31Balance Jun 30Depreciation - one month Jun 30 0 322 DR 322 DR GJ 322 Adjusted Balance Account: Interest Expense Account No. 571 Date Description May 31Balance Jun 30Accrued interest expense Jun 30 Ref. Debit Credit Balance 0 220 DR 220 DR GJ 220 Adjusted Balance Account: Admin. Expense Bank Charges Account No. 572 Date Description May 31Balance Jun 30Bank service charge Jun 30 Ref. Debit Credit GJ 10 Adjusted Balance Balance 0 10 DR 10 DR Now that all adjusting entries have been posted to the general ledger, you are asked to prepare the schedule of accounts receivable and the schedule of accounts payable as at June 30, 2015. The purpose of preparing the schedule of accounts receivable is to verify that the sum of the customer balances recorded in the accounts receivable subsidiary ledger is equal to the balance of the Accounts Receivable control account in the general ledger. Similarly, the purpose of the schedule of accounts payable is to confirm that the sum of the supplier balances recorded in the accounts payable subsidiary ledger is equal to the balance of the Accounts Payable control account in the general ledger. Instructions for schedules of accounts Using the subsidiary ledgers and the general ledger: 1)Create a schedule of accounts receivable as at the end of June. 2)Create a schedule of accounts payable as at the end of June. Remember to enter all answers to the nearest whole dollar. BackOnTrack functionality Please note that any answers from previous pages carried through onto this page (either on the page or in a popup information page) have been reset, if necessary, to the correct answers. Your particular answers from previous pages are no longer shown. Date Description May 31Balance Jun 30Total from cash receipts journal Jun 30Total from cash payments journal Jun 30Interest received from the bank Jun 30Not-Sufficient-Funds (NSF) check Jun 30Bank service charge Jun 30 Ref. Debit Credit CRJ 119,159 CPJ 42,907 GJ 600 GJ 1,700 GJ 10 Adjusted Balance Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30Not-Sufficient-Funds (NSF) check Jun 30 Ref. Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 28Purchase return to Sports 'R Us Jun 30Total from sales journal Jun 30Total from purchases journal Jun 30Total from cash receipts journal Jun 30Total from cash payments journal Jun 30 Ref. Debit Credit GJ 656 SJ 68,576 CRJ 30,144 GJ 1,700 Adjusted Balance Debit Credit GJ 368 GJ 1,600 SJ 37,760 PJ 21,720 CRJ 23,384 CPJ 1,440 Adjusted Balance Balance 71,346 DR 190,505 DR 147,598 DR 148,198 DR 146,498 DR 146,488 DR 146,488 DR Balance 32,321 DR 31,665 DR 100,241 DR 70,097 DR 71,797 DR 71,797 DR Balance 71,224 DR 71,592 DR 69,992 DR 32,232 DR 53,952 DR 30,568 DR 32,008 DR 32,008 DR Date Description May 31Balance Jun 1Cash purchase Jun 30Supplies used Jun 30 Ref. Debit Credit CPJ 334 GJ 598 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 1Prepaid rent CPJ 8,300 Jun 30Rent expired GJ 4,150 Jun 30 Adjusted Balance Date Description May 31Balance Jun 30Benefits consumed Jun 30 Date Description May 31Balance Jun 30Insurance expired Jun 30 Balance 2,515 DR 2,849 DR 2,251 DR 2,251 DR Balance 0 8,300 DR 4,150 DR 4,150 DR Ref. Debit Credit Balance 9,000 DR 6,000 DR 6,000 DR GJ 3,000 Adjusted Balance Ref. Debit Credit Balance 5,000 DR 4,000 DR 4,000 DR GJ 1,000 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Balance 7,000 DR 7,000 DR Ref. Debit Credit GJ 125 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Balance 46,000 DR 46,000 DR Ref. Debit Credit Balance 16,420 CR 16,742 CR 16,742 CR GJ 322 Adjusted Balance Date Description May 31Balance Jun 28Purchase return to Sports 'R Us Jun 30Total from purchases journal Jun 30Total from cash payments journal Jun 30 Date Description May 31Balance Jun 4Paid staff wages Jun 30Accrued wages expense Jun 30 Balance 1,875 CR 2,000 CR 2,000 CR Ref. Debit Credit GJ 1,600 PJ 21,720 CPJ 18,991 Adjusted Balance Ref. Debit Credit CPJ 1,110 GJ 1,860 Adjusted Balance Balance 47,634 CR 46,034 CR 67,754 CR 48,763 CR 48,763 CR Balance 1,110 CR 0 1,860 CR 1,860 CR Date Description May 31Balance Jun 3Paid electricity bill Jun 30Accrued electricity expense Jun 30 Date Description May 31Balance Jun 30Accrued water expense Jun 30 Date Description May 31Balance Jun 30Accrued interest expense Jun 30 Date Description May 31Balance Jun 1Loan from MRMC Bank Jun 30 Ref. Debit Credit Balance 805 CR 62 CR 268 CR 268 CR CPJ 743 GJ 206 Adjusted Balance Ref. Debit Credit Balance 117 CR 233 CR 233 CR GJ 116 Adjusted Balance Ref. Debit Credit Balance 0 220 CR 220 CR GJ 220 Adjusted Balance Ref. Debit Credit Balance 0 44,000 CR 44,000 CR CRJ 44,000 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 45,000 CR 45,000 CR Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 131,445 CR 131,445 CR Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance Date Description May 31Balance Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30 0 0 Ref. Debit Credit SJ 68,576 CRJ 45,280 Adjusted Balance Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30 Ref. Debit Credit Balance 0 68,576 CR 113,856 CR 113,856 CR Balance 0 656 DR 656 DR GJ 656 Adjusted Balance Date Description May 31Balance Jun 30Total from cash receipts journal Jun 30 Ref. Debit Credit Date Description May 31Balance Jun 30Interest received from the bank Ref. Debit Credit Balance 0 265 DR 265 DR CRJ 265 Adjusted Balance GJ 600 Balance 0 600 CR Jun 30 Adjusted Balance Date Description May 31Balance Jun 20Sales return from Croquet and Cricket Jun 30Total from sales journal Jun 30Total from cash receipts journal Jun 30 Date Description May 31Balance Jun 30Benefits consumed Jun 30 Ref. Date Description May 31Balance Jun 30Accrued electricity expense Jun 30 Date Description May 31Balance Jun 30Accrued water expense Jun 30 0 368 CR 37,392 DR 60,776 DR 60,776 DR 0 3,000 DR 3,000 DR Ref. Debit Credit Balance 0 7,089 DR 8,949 DR 8,949 DR CPJ 7,089 GJ 1,860 Adjusted Balance Balance 0 4,150 DR 4,150 DR Ref. Debit Credit Balance 0 206 DR 206 DR GJ 206 Adjusted Balance Ref. Debit Credit Balance 0 116 DR 116 DR GJ 116 Adjusted Balance Ref. Debit Credit Balance 0 1,000 DR 1,000 DR GJ 1,000 Adjusted Balance Ref. Debit Credit Balance 0 598 DR 598 DR GJ 598 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 30Owner salary CPJ 4,900 Jun 30 Adjusted Balance Date Description May 31Balance Balance Balance GJ 3,000 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 30Rent expired GJ 4,150 Jun 30 Adjusted Balance Date Description May 31Balance Jun 30Supplies used Jun 30 Credit GJ 368 SJ 37,760 CRJ 23,384 Adjusted Balance Ref. Debit Credit Date Description May 31Balance Jun 30Total from cash payments journal Jun 30Accrued wages expense Jun 30 Date Description May 31Balance Jun 30Insurance expired Jun 30 Debit 600 CR Balance Ref. Debit Credit 0 4,900 DR 4,900 DR Balance 0 Jun 30Depreciation - one month Jun 30 GJ 125 Adjusted Balance Date Description May 31Balance Jun 30Depreciation - one month Jun 30 Ref. Debit Credit Date Description May 31Balance Jun 30Accrued interest expense Jun 30 125 DR 125 DR Ref. Debit Credit Date Description May 31Balance Jun 30Bank service charge Jun 30 Balance 0 322 DR 322 DR GJ 322 Adjusted Balance Balance 0 220 DR 220 DR GJ 220 Adjusted Balance Ref. Debit Credit Balance 0 10 DR 10 DR GJ 10 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 11Repayment CRJ 2,650 Jun 30 Adjusted Balance Balance 2,650 DR 0 0 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 4,268 DR 4,268 DR Date Description Ref. Debit Credit May 31Balance Jun 10Credit sale SJ 5,248 Jun 20Sales return GJ 656 Jun 25Repayment CRJ 17,764 Jun 30 Adjusted Balance Balance 13,172 DR 18,420 DR 17,764 DR 0 0 Date Description Ref. Debit Credit May 31Balance Jun 30Repayment CRJ 3,115 Jun 30 Adjusted Balance Balance 3,115 DR 0 0 Date Description Ref. Debit Credit May 31Balance Jun 6Repayment CRJ 4,915 Jun 17Credit sale SJ 5,376 Jun 24Credit sale SJ 50,784 Jun 30 Adjusted Balance Date Description May 31Balance Jun 16Repayment Jun 26Credit sale Jun 30Not-Sufficient-Funds (NSF) check Jun 30 Balance 4,915 DR 0 5,376 DR 56,160 DR 56,160 DR Ref. Debit Credit CRJ 1,700 SJ 7,168 GJ 1,700 Adjusted Balance Balance 4,201 DR 2,501 DR 9,669 DR 11,369 DR 11,369 DR Date Description May 31Balance Jun 14Repayment Jun 17Credit purchase Jun 28Repayment Jun 30 Ref. Debit Credit Balance 4,168 CR 0 4,320 CR 0 0 CPJ 4,168 PJ 4,320 CPJ 4,320 Adjusted Balance Date Description Ref. Debit Credit May 31Balance Jun 8Repayment CPJ 4,319 Jun 30 Adjusted Balance Balance 4,319 CR 0 0 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 28,704 CR 28,704 CR Date Description May 31Balance Jun 30Credit purchase Jun 30 Ref. Debit Credit Date Description May 31Balance Jun 12Repayment Jun 16Credit purchase Jun 28Purchase return Jun 30 Ref. Debit Credit Date Description May 31Balance Jun 2Repayment Jun 9Credit purchase Jun 30 Balance 4,259 CR 9,659 CR 9,659 CR Ref. Debit Credit PJ 5,400 Adjusted Balance CPJ 3,371 PJ 5,760 GJ 1,600 Adjusted Balance Balance 3,371 CR 0 5,760 CR 4,160 CR 4,160 CR Balance 2,813 CR 0 6,240 CR 6,240 CR CPJ 2,813 PJ 6,240 Adjusted Balance Debit Date Account Post Ref. Cost of Goods Sold Credit Sales Accounts Sales Other Discount Receivabl Revenue Accounts s e 44,000 44,000 4,915 4,915 2,385 265 2,650 9,520 9,520 1,700 1,700 4,416 4,416 17,764 17,764 19,024 19,024 12,320 12,320 Cash Jun Jun Jun Jun Jun Jun Jun Jun Jun 1Bank Loan Payable 6ARC - Jump Around 11ARC - Great Sports 13Sales Revenue 16ARC - The Locker Room 20Sales Revenue 25ARC - Croquet and Cricket 27Sales Revenue 29Sales Revenue ARC - Mick's Sporting Jun 30 Goods 250 110-5 110-1 X 110-6 X 110-3 X X 110-4 3,115 Total 119,159 4,216 2,608 10,672 5,888 3,115 265 45,280 30,144 44,000 23,384 Post reference Acct. No. 100 110 120 130 140 141 142 150 151 160 161 210 (402) (400) (110) (X)(500)/(120) Debit Credit Check Post Accounts Merchandise Wages Other No. Ref. Cash Payable Inventory Expense Accounts 1Prepaid Rent 867 140 8,300 8,300 1Office Supplies 868 130 334 334 2APC - Sport Borders 869 210-6 2,813 2,813 3Electricity Payable 870 221 743 743 4Wages Payable 871 220 831 1,110 1,941 8APC - J. J. Spud 872 210-2 4,319 4,319 11Wages Expense 873 X 2,309 2,309 12APC - Sports 'R Us 874 210-5 3,371 3,371 14APC - Hike 875 210-1 4,168 4,168 18Wages Expense 876 X 1,709 1,709 25Wages Expense 877 X 2,240 2,240 28APC - Hike 878 210-1 4,320 4,320 30Merchandise Inventory 879 X 1,440 1,440 30Salary Expense 880 545 4,900 4,900 Total 18,991 1,440 7,089 15,387 42,907 Post reference (210) (120) (516) (X) (100) Date Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun Jun (100) Account Account Name Unadjusted Trial Adjusted Trial Adjustments Balance Balance Debit Credit Debit Credit Debit Credit 146,488 146,488 Cash ARC Accounts 71,797 Receivable Control Merchandise 32,008 Inventory Office 2,849 Supplies Prepaid 8,300 Rent Prepaid 9,000 Advertising Prepaid 5,000 Insurance Office 7,000 Furniture Accum 1,875 Depn: Office Furniture Office 46,000 Equipment Accum 16,420 Depn: Office Equipment APC 48,763 Accounts Payable Control Income Statement Debit Credit Balance Sheet Debit Credit 146,488 71,797 32,008 4,150 3,000 1,000 32,008 2,251 2,251 4,150 4,150 6,000 6,000 4,000 4,000 7,000 598 71,797 7,000 125 2,000 46,000 322 2,000 46,000 16,742 16,742 48,763 48,763 220 221 222 225 250 300 301 400 401 402 403 500 511 516 540 541 542 543 544 545 560 561 571 572 Wages Payable Electricity Payable Water Payable Interest Payable Bank Loan Payable Common Stock Retained Earnings Sales Revenue Sales Returns and Allowances Sales Discounts Interest Revenue Cost of Goods Sold Advertising Expense Wages Expense Rent Expense Electricity Expense Water Expense Insurance Expense Office Supplies Expense Salary Expense Depn Expense: Office Furniture Depn Expense: Office Equipment Interest Expense Admin. Expense Bank Charges 1,860 1,860 1,860 62 206 268 268 117 116 233 233 220 220 220 44,000 44,000 44,000 45,000 45,000 45,000 131,445 131,445 131,445 113,856 113,856 113,856 656 656 656 265 265 265 600 600 60,776 600 60,776 3,000 3,000 3,000 1,860 8,949 8,949 4,150 4,150 4,150 206 206 206 116 116 116 1,000 1,000 1,000 598 598 598 4,900 4,900 125 125 125 322 322 322 220 7,089 60,776 220 220 10 10 4,900 10 Totals 402,138 402,138 11,597 11,597 404,987 404,987 85,293 114,456 319,694 290,531 Net income or loss Totals 29,163 29,163 114,456 114,456 319,694 319,694 Purchases Cost of Goods Sold Balance Units Unit Cost Total Cost Units Unit Cost Total Cost Units Unit Cost Total Cost May 31 33 248 8184 18 320 5760 Date Jun 13 17 248 4216 16 18 248 320 3968 5760 Jun 16 18 320 5760 16 36 248 320 3968 11520 Jun 28 -5 320 -1600 16 31 248 320 3968 9920 25 320 8000 Jun 29 16 6 248 320 3968 1920 Purchases Cost of Goods Sold Balance Units Unit Cost Total Cost Units Unit Cost Total Cost Units Unit Cost Total Cost May 31 19 112 2128 63 120 7560 Date Jun 20 Jun 30 19 4 15 96 112 120 2128 480 120 7080 59 15 1440 59 120 96 7080 1440 Purchases Cost of Goods Sold Balance Units Unit Cost Total Cost Units Unit Cost Total Cost Units Unit Cost Total Cost May 31 80 184 14720 Date Jun 10 16 184 2944 64 184 11776 Jun 20 -2 184 -368 66 184 12144 Jun 27 58 184 10672 8 184 1472 Purchases Cost of Goods Sold Balance Units Unit Cost Total Cost Units Unit Cost Total Cost Units Unit Cost Total Cost May 31 25 208 5200 24 256 6144 Date Jun 17 12 208 2496 13 208 2704 24 Jun 26 13 3 208 256 2704 768 256 6144 21 256 5376 Purchases Cost of Goods Sold Balance Units Unit Cost Total Cost Units Unit Cost Total Cost Units Unit Cost Total Cost May 31 69 312 21528 Date Jun 9 20 312 6240 89 312 27768 Jun 17 12 360 4320 89 12 312 360 27768 4320 9 360 3240 24 360 8640 Jun 24 Jun 30 89 3 15 360 312 360 27768 1080 5400 (Q=900.schedulesOfAccounts) The Adrenaline Hut Schedule of Accounts Receivable June 30, 2015 Account No. Name 110-1ARC - Great Sports 110-2ARC - Balls 'n All 110-3ARC - Croquet and Cricket 110-4ARC - Mick's Sporting Goods 110-5ARC - Jump Around 110-6ARC - The Locker Room Balance ($) Total The Adrenaline Hut Schedule of Accounts Payable June 30, 2015 Account No. Name 210-1APC - Hike 210-2APC - J. J. Spud 210-3APC - Addax Sports 210-4APC - Extreme Sports Inc Terms 2/10, n/30 1/15, n/30 net 30 2/10, n/30 Balance ($) 210-5APC - Sports 'R Us 210-6APC - Sport Borders net 30 net 30 Total SUBSIDIARY LEDGERS POST ADJUSTING Account: ARC Great Sports Account No. 1101 Date Description Ref. Debit Credit May 31Balance Jun 11Repayment CRJ 2,650 Jun 30 Adjusted Balance Balance 2,650 DR 0 0 Account: ARC Balls 'n All Account No. 1102 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 4,268 DR 4,268 DR Account: ARC Croquet and Cricket Account No. 1103 Date Description Ref. Debit Credit May 31Balance Jun 10Credit sale SJ 5,248 Jun 20Sales return GJ 656 Jun 25Repayment CRJ 17,764 Jun 30 Adjusted Balance Balance 13,172 DR 18,420 DR 17,764 DR 0 0 Account: ARC Mick's Sporting Goods Account No. 1104 Date Description Ref. Debit Credit May 31Balance Jun 30Repayment CRJ 3,115 Jun 30 Adjusted Balance Balance 3,115 DR 0 0 Account: ARC Jump Around Account No. 1105 Date Description Ref. Debit Credit May 31Balance Jun 6Repayment CRJ 4,915 Jun 17Credit sale SJ 5,376 Jun 24Credit sale SJ 50,784 Jun 30 Adjusted Balance Balance 4,915 DR 0 5,376 DR 56,160 DR 56,160 DR Account: ARC The Locker Room Account No. 1106 Date Description May 31Balance Jun 16Repayment Jun 26Credit sale Jun 30Not-Sufficient-Funds (NSF) check Jun 30 Account: APC Hike Account No. 2101 Ref. Debit Credit CRJ 1,700 SJ 7,168 GJ 1,700 Adjusted Balance Balance 4,201 DR 2,501 DR 9,669 DR 11,369 DR 11,369 DR Date Description May 31Balance Jun 14Repayment Jun 17Credit purchase Jun 28Repayment Jun 30 Ref. Debit Credit CPJ 4,168 PJ 4,320 CPJ 4,320 Adjusted Balance Balance 4,168 CR 0 4,320 CR 0 0 Account: APC J. J. Spud Account No. 2102 Date Description Ref. Debit Credit May 31Balance Jun 8Repayment CPJ 4,319 Jun 30 Adjusted Balance Balance 4,319 CR 0 0 Account: APC Addax Sports Account No. 2103 Date Description Ref. Debit Credit May 31Balance Jun 30 Adjusted Balance Balance 28,704 CR 28,704 CR Account: APC Extreme Sports Inc Account No. 2104 Date Description May 31Balance Jun 30Credit purchase Jun 30 Ref. Debit Credit PJ 5,400 Adjusted Balance Balance 4,259 CR 9,659 CR 9,659 CR Account: APC Sports 'R Us Account No. 2105 Date Description May 31Balance Jun 12Repayment Jun 16Credit purchase Jun 28Purchase return Jun 30 Ref. Debit Credit CPJ 3,371 PJ 5,760 GJ 1,600 Adjusted Balance Balance 3,371 CR 0 5,760 CR 4,160 CR 4,160 CR Account: APC Sport Borders Account No. 2106 Date Description May 31Balance Jun 2Repayment Jun 9Credit purchase Jun 30 Ref. Debit Credit CPJ 2,813 PJ 6,240 Adjusted Balance Balance 2,813 CR 0 6,240 CR 6,240 CR