these are the answer sheet please fill this XY Consumer Products GENERAL JOURNAL GJ01 Date General Ledger 2003 Description Acc # Debit Credit Mar. 31 Bank Charges & Interest Mar. 31 Employer’s Payroll Deductions Mar. 31 Bank Loans Exam Answer Sheets Answers Sheets-9 XY Consumer Products GENERAL LEDGER 1010 Bank Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Dr. 14,536.00 Jan. 31 CR01 14,200.66 Dr. 28,736.66 Jan. 31 CD03 28,556.73 Dr. 179.93 Feb. 28 CD01 27,279.49 Cr. 27,099.56 Feb. 28 CR01 13,890.00 Cr. 13,209.56 Feb. 28 GJ01 150.00 Cr. 13,359.56 Feb. 28 GJ01 20,000.00 Dr. 6,640.44 Basic Bookkeeping – Level 1 Answer Sheets-10 XY Consumer Products GENERAL LEDGER 1020 Accounts Receivable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Dr. 13,890.00 Jan. 25 GJ01 908.50 Dr. 12,981.50 Jan. 31 SJ01 16,331.92 Dr. 29,313.42 Jan. 31 CR01 9,197.32 Dr. 20,116.10 Feb. 28 SJ01 30,733.75 Dr. 50,849.85 Feb. 28 CR01 13,890.00 Dr. 36,959.85 Exam Answer Sheets Answers Sheets-11 XY Consumer Products GENERAL LEDGER 2010 Accounts Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 19,961.00 Jan. 23 GJ01 323.55 Cr. 19,637.45 Jan. 31 PJ01 19,829.03 Cr. 39,466.48 Jan. 31 CD03 19,829.03 Cr. 19,637.45 Feb. 28 PJ01 8,560.00 Cr. 28,197.45 Feb. 28 CD01 25,311.00 Cr. 2,886.45 Basic Bookkeeping – Level 1 Answer Sheets-12 XY Consumer Products GENERAL LEDGER 2050 Employment Insurance Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 500.00 Jan. 31 GJ02 88.09 Cr. 588.09 Jan. 31 CD03 500.00 Cr. 88.09 Jan. 31 PRJ01 62.92 Cr. 151.01 Feb. 28 CD01 151.01 – Feb. 28 PRJ01 30.90 Cr. 30.90 Feb. 28 GJ01 43.26 Cr. 74.16 Exam Answer Sheets Answers Sheets-13 XY Consumer Products GENERAL LEDGER 2055 CPP Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 618.00 Jan. 31 GJ02 128.30 Cr. 746.30 Jan. 31 CD03 618.00 Cr. 128.30 Jan. 31 PRJ01 128.30 Cr. 256.60 Feb. 28 CD01 256.60 – Feb. 28 PRJ01 62.82 Cr. 62.82 Feb. 28 GJ01 62.82 Cr. 125.64 Basic Bookkeeping – Level 1 Answer Sheets-14 XY Consumer Products GENERAL LEDGER 2060 Employees Federal Income Tax Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 3,560.00 Jan. 31 CD03 3,560.00 – Jan. 31 PRJ01 255.25 Cr. 255.25 Feb. 28 CD01 255.25 – Feb. 28 PRJ01 122.15 Cr. 122.15 Exam Answer Sheets Answers Sheets-15 XY Consumer Products GENERAL LEDGER 2063 Employees Provincial Income Tax Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 1,530.00 Jan. 31 CD03 1,530.00 – Jan. 31 PRJ01 96.60 Cr. 96.60 Feb. 28 CD01 96.60 – Feb. 28 PRJ01 46.35 Cr. 46.35 Basic Bookkeeping – Level 1 Answer Sheets-16 XY Consumer Products GENERAL LEDGER 2068 Employees Health Care Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 144.00 Jan. 31 CD03 144.00 – Jan. 31 PRJ01 36.00 Cr. 36.00 Feb. 28 CD01 36.00 – Feb. 28 PRJ01 36.00 Cr. 36.00 Exam Answer Sheets Answers Sheets-17 XY Consumer Products GENERAL LEDGER 2075 Provincial Sales Tax Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 25 GJ01 63.20 Dr. 63.20 Jan. 31 SJ01 1,136.13 Cr. 1,072.93 Jan. 31 CR01 1.60 Cr. 1,074.53 Feb. 28 SJ01 2,138.00 Cr. 3,212.53 Basic Bookkeeping – Level 1 Answer Sheets-18 XY Consumer Products GENERAL LEDGER 2080 GST Input Tax Credits Receivable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 23 GJ01 21.17 Cr. 21.17 Jan. 31 PJ01 1,269.46 Dr. 1,248.29 Jan. 31 CD03 3.22 Dr. 1,251.51 Feb. 28 PJ01 560.00 Dr. 1,811.51 Exam Answer Sheets Answers Sheets-19 XY Consumer Products GENERAL LEDGER 2081 GST Payable Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 25 GJ01 55.30 Dr. 55.30 Jan. 31 SJ01 994.12 Cr. 938.82 Jan. 31 CR01 1.40 Cr. 940.22 Feb. 28 SJ01 1,870.75 Cr. 2,810.97 Basic Bookkeeping – Level 1 Answer Sheets-20 XY Consumer Products GENERAL LEDGER 2085 Payroll Clearing Date 2003 Item Folio Debit Credit Dr. Cr. Balance Feb. 28 CD01 413.95 Dr. 413.95 Feb. 28 CD01 378.54 Dr. 792.49 Feb. 28 CD01 380.53 Dr. 1,173.02 Feb. 28 PRJ01 1,173.02 – Exam Answer Sheets Answers Sheets-21 XY Consumer Products GENERAL LEDGER 2120 Bank Loans Date 2003 Item Folio Debit Credit Dr. Cr. Balance Jan. 01 Balance forward Cr. 12,000.00 Feb. 28 20,000.00 Cr. 32,000.00 Basic Bookkeeping – Level 1 Answer Sheets-22 XY Consumer Products GENERAL LEDGER 4000 Sales Date 2003 Item Folio Debit Credit Dr. Cr. Balance XY Consumer Products GENERAL LEDGER 4020 Sales Discounts Date 2003 Item Folio Debit Credit Dr. Cr. Balance Exam Answer Sheets Answers Sheets-23 XY Consumer Products GENERAL LEDGER 5000 Purchases Date 2003 Item Folio Debit Credit Dr. Cr. Balance XY Consumer Products GENERAL LEDGER 6010 Salaries and Wages Date 2003 Item Folio Debit Credit Dr. Cr. Balance Basic Bookkeeping – Level 1 Answer Sheets-24 XY Consumer Products GENERAL LEDGER 6020 Employer’s Payroll Deductions Date 2003 Item Folio Debit Credit Dr. Cr. Balance XY Consumer Products GENERAL LEDGER 6060 Office Supplies Date 2003 Item Folio Debit Credit Dr. Cr. Balance Exam Answer Sheets Answers Sheets-25 XY Consumer Products GENERAL LEDGER 6070 Bank Charges & Interest Date 2003 Item Folio Debit Credit Dr. Cr. Balance Basic Bookkeeping – Level 1 Answer Sheets-26 XY Consumer Products ACCOUNTS PAYABLE LEDGER Vendor: Johnston Computer Supplies Address: Vend. #: JCS001 Phone: (519) 674-2355 Terms: n/30 Fax: (519) 674-2356 444 Oxford Road South Delaware, ON N0M 2J0 Date 2003 Item Folio Debit Credit Dr Cr. Balance Jan. 01 Balance forward Cr. 11,569.00 Jan. 12 PJ01 2,645.00 Cr. 14,214.00 Jan. 24 CD01 2,645.00 Cr. 11,569.00 Feb. 02 PJ01 3,210.00 Cr. 14,779.00 Feb. 25 CD01 11,569.00 Cr. 3,210.00

Exam Answer Sheets Answer Sheets-27 XY Consumer Products ACCOUNTS PAYABLE LEDGER Vendor: Office Products Inc. Address: Vend. #: OPI001 Phone: (519) 426-5533 Terms: 2/10 n/30 Fax: (519) 426-5534 740 Chestnut Street London, ON N6A 5C7 Date 2003 Item Folio Debit Credit Dr Cr. Balance Jan. 10 PJ01 6,103.01 Cr. 6,103.01 Jan. 17 PJ01 4,146.13 Cr. 10,249.14 Jan. 24 CD01 6,103.01 Cr. 4,146.13 Jan. 24 CD01 4,146.13 – Jan. 23 GJ01 323.55 Dr. 323.55 Feb. 02 PJ01 5,350.00 Cr. 5,026.45 Feb. 21 CD01 5,350.00 Dr. 323.55

Basic Bookkeeping – Level 1 Answer Sheets-28 XY Consumer Products ACCOUNTS RECEIVABLE LEDGER Customer: Gerald Hemmings Address: 45 Conway Drive Cust. No.: GH0468 Phone: (519) 264-1784 Mount Bridges, ON Terms: 2/10 n/30 Fax: (519) 264-1785 N0L 1S0 Date 2003 Item Folio Debit Credit Dr Cr. Balance Jan. 01 Balance forward Dr. 8,322.00 Jan. 12 SJ01 483.00 Dr. 8,805.00 Jan. 24 CR01 483.00 Dr. 8,322.00 Feb. 11 SJ01 28,750.00 Dr. 37,072.00 Feb. 21 CR01 8,322.00 Dr. 28,750.00

Exam Answer Sheets Answer Sheets-29 XY Consumer Products ACCOUNTS RECEIVABLE LEDGER Customer: Fred Milsom Address: 321 Laurentian Cres. Cust. No.: FM4568 Phone: (519) 542-4153 Sarnia, ON Terms: 2/10 n/30 Fax: (519) 542-4154 N7S 4W4 Date 2003 Item Folio Debit Credit Dr Cr. Balance Jan. 17 SJ01 3,449.99 Dr. 3,449.99 Jan. 28 CR01 3,449.99 –

XY Consumer Products ACCOUNTS RECEIVABLE LEDGER Customer: Mark Mower Address: 67 Dundas Street Cust. No.: MM0567 Phone: (519) 433-2356 London, ON Terms: 2/10 n/30 Fax: (519) 433-2357 N6H 3Y8 Date 2003 Item Folio Debit Credit Dr Cr. Balance Jan. 13 SJ01 333.49 Dr. 333.49 Jan. 21 CR01 333.49 – Feb. 14 SJ01 396.75 Dr. 396.75

Basic Bookkeeping – Level 1 Answer Sheets-30 XY Consumer Products TRIAL BALANCE, MARCH 31, 2003 GENERAL LEDGER Page 1 Account Name G/L Account Number Debit Credit

Bank 1010 Accounts Receivable 1020 Inventory 1030 128,178.00 Prepaid Expenses 1040 3,164.24 Land 1110 245,000.00 Buildings 1115 150,000.00 Accumulated Depreciation-Buildings 1116 50,625.00 Equipment 1117 180,956.00 Accumulated Depreciation-Equipment 1118 42,349.26 Automotive 1130 23,900.00 Accumulated Depreciation-Automotive 1131 12,344.30 Accounts Payable 2010 Accrued Expenses 2020 1,960.00 Employment Insurance Payable 2050 CPP Payable 2055 Employees Federal Income Tax Payable 2060 Employees Provincial Income Tax Payable 2063 Employees Health Care Payable 2068 Balance forward Exam Answer Sheets Answer Sheets-31 XY Consumer Products TRIAL BALANCE, MARCH 31, 2003 GENERAL LEDGER Page 2 Account Name G/L Account Number Debit Credit Balance forward Provincial Sales Tax Payable 2075 GST Input Tax Credits Receivable 2080 GST Payable 2081 Payroll Clearing 2085 – Mortgages 2110 165,000.00 Bank Loans 2120 Jeff Smith, Capital 3010 463,017.23 Jeff Smith, Drawings 3020 – Sales 4000 Sales Returns & Allowances 4010 – Sales Discounts 4020 Interest Revenue 4100 – Purchases 5000 Purchase Returns & Allowances 5010 – Purchase Discounts 5020 – Salaries and Wages 6010 Employer’s Payroll Deductions 6020 Rent 6030 – Balance forward Basic Bookkeeping – Level 1 Answer Sheets-32 XY Consumer Products TRIAL BALANCE, MARCH 31, 2003 GENERAL LEDGER Page 3 Account Name G/L Account Number Debit Credit Balance forward Repairs & Maintenance 6040 – Utilities 6045 – Travel & Entertainment 6050 – Office Supplies 6060 Leases-Equipment 6065 – Bank Charges & Interest 6070 Professional Fees 6080 – Depreciation 6090 – Property Taxes 6100 – Insurance 6110 – Fees & Dues 6120 – TOTAL