Week 1, Source Document 1 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 1 TO: Accounting clerk FROM: Anthony Mondo DATE: June 1, 20X1 SUBJECT: Business Investment I have invested personal savings of $15,000 in the business by opening a checking account for Island Video Productions at South Carolina National Bank. Danielle Sloane has entered the $15,000 cash as the beginning balance in the checkbook. Please record the journal entry in the general journal. Week 1, Source Document 2 Mid Atlantic Computers 323 Via Solana Boulevard North Beach, SC 22920 INVOICE Received computer package today. Pay $2,100.00 today 6/2/20x1. Subsequent paymenty are as followy $1,370 due June 28, $1,370 due July 28, balance due August 28. AM Date: June 1, 20X1 Invoice No.: 1131 Terms: 90 days Shipped By: Pick-Up To Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Quantity Item Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) Hard Disk 40GB Drives Unit Price $ 2,100.00 Total $ 2,100.00 2 (included) Mid Atlantic Computers Received computer package today. INVOICE . 323 Via Solana Boulevard Pay $2,100.00 today 6/2/20X1. North Beach, SC 22920 Subsequent payments are as followy. $1,370 due June 28, $1,370 due July 28, balance due August 28. AM Date: June 1, 20X1 To Island Video Productions Invoice No.: 1131 2433 Atlantic Ave., Suite 311 Terms: 90 days Hilton Head Island, SC 29928 Shipped By: Pick-Up Unit Price $ 2,100.00 Total $ 2,100.00 (included) 2,000.00 2,000.00 Quantity Item 1 Personal computer package (1.0 GHz Processor, keyboard, monitor, mouse, printer and cables) 2. Hard Disk 40GB Drives 1 Matrix capture card for MPEG 2 compression with editing software package 1 Additional color monitor 1 Pair computer speakers 1 AC stabilizer 1 Work table SUBTOTAL Issued check #101 for $2,100.-DS 6% Sales Tax TOTAL 300.00 60.00 150.00 175.00 300.00 60.00 150.00 175.00 $ 4,785.00 287.10 $ 5,072.10 Week 1, Source Document 3 Danny's News Stand 4338 Collins Avenue Hilton Head Island, SC 29928 INVOICE Date: June 2, 20 - Invoice No.: 1250 BILL TO: Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Write a check today, 6/2/20X1 and charge to Miscellaneous Expense. AM DATE DESCRIPTION 6/1/20X1 For purchase of 20 different weekly community newspapers CHARGES 20 newspapers, per agreement 6% sales tax TOTAL DUE: $ 20.00 1.20 $ 21.20 Issued check #102 for $21.20. - DS Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Hilton Head Island, SC 29928 INVOICE Date: June 3, 20X1 Invoice No.: 602 BILL TO: Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Write a check today, 6/3/20X1. - AM DATE 6/3/20X1 DESCRIPTION For copying of marketing flyers. CHARGES Week 1, Source Document 4 Coastal Copy Center 8175 Harding Ave Hilton Head Island, SC 29928 INVOICE Date: June 3, 20X1 Invoice No.: 602 BILL TO: Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Write a check today, 6/3/20X1. . AM DATE DESCRIPTION 6/3/20X1 For copying of marketing flyers. CHARGES 100 8x10 color 1.35 per copy 500 8x10 b&w @.07 per copy 6% sales tax TOTAL AMOUNT DUE: $ 135.00 35.00 10.20 $ 180.20 Issued check #103. DS Week 1, Source Document ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 2 I TO: Accounting clerk FROM: Danielle Sloane DATE: June 4, 20X1 SUBJECT: Rent I issued check #104 payable to Highland Realtors for $1,475.00. This covers the rent on the studio for the month of June. Please make the necessary journal entry. Week 1, Source Document 6 CHARLESTON NEWS SERVICE STATEMENT 2232 Drexel Drive North Beach, SC 33139 BILL TO: Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Write a check today, 16/4/20X120X1. AM CHARGES DATE DESCRIPTION 6/3/20x1 For placement of 1-inch ads in monthly marriage announcement sections of 10 weekly community newspapers (June issues). TOTAL AMOUNT DUE: $ 450.00 Issued check #105 for $450.00. - DS Week 1, Source Document 7 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 3 1 TO: Accounting clerk FROM: Anthony Mondo DATE: June 5, 20x1 SUBJECT: Additional Investment I have decided to invest my sports utility vehicle in the business. The current market value is $23,540.00. Please record this transaction in the general journal. RECEIPT Hilton Head Island Post Office 3341 Coolidge Avenue Hilton Head Island, SC 29928 DATE: June 5, 20X1 AMOUNT: $28.00 I I paid cash for athletic department mailings. Please reimburse me and enter in the general journal. - AM Issued check #106 for $28.00. - DS THANK YOU Week 1, Source Document 9 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 INVOICE Date: June 5, 20X1 Invoice No.: S101 1 SOLD TO: Nicolas DeCilla 1246 Avenida Via Lido South Harbor, SC 22919 DATE DESCRIPTION 6/5/20X1 Videography of Decilla/Boles Wedding CHARGES $ 1,950.00 Payable in three equal installments ISLAND VIDEO PRODUCTIONS RECEIPT No. 1 Date: June 5, 20X1 $650.00 Received from: Nicolas Decilla S hundred fifty and no/100- Dollars For: Deposit for videography of Decilla/Boles wedding Received by: AM ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 INVOICE Date: June 5, 20X1 Invoice No.: S102 SOLD TO: Hagen Art Gallery 3666 Blanchard Boulevard South Harbor, SC 22919 CHARGES DATE DESCRIPTION 6/5/20X1 Videography of Hagen Art Gallery grand opening and delivery of unedited digital master DVDs $ 600.00 Payable in two equal installments 1 ISLAND VIDEO PRODUCTIONS RECEIPT No. 2 Date: June 5, 20X1 Received from: Hagen Art Gallery $300.00 Three hundred and no/100--- _Dollars For: Deposit for videography of grand opening of gallery Received by: Anthony Mondo Week 1, Source Document 11 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 4 I TO: Accounting clerk FROM: Danielle Sloane DATE: June 7, 20x1 SUBJECT: Cash Balance The checkbook balance is $11,695.60. Please verify this balance with the balance in the cash general ledger account as of 6/7/20x1. E F H L M Record each document in the general journal. A chart of accounts is included at the end ***FILE, MAKE A COPY FIRST TO USE THI GENERAL JOURNAL PAGE 1 DESCRIPTION ACCOUNT DATE 6 PR DEBIT CREDIT 1 2. N 2 3 3 3 4 5 5 5 6 6 6 7 8 8 9 9 10 10 11 11 12 12 13 13 y or CCS what must be included and what accounts to use. CLUDE YOUR NAME IN THE COPY GENERAL JOURNAL PAGE 2 GENERAL JOURNAL PAGE 11 DESCRIPTION ACCOUNT DERIT CREDIT DATE DESCRIPTION ACCOUNT P R DERIT CREDIT 1 2 -- --- 1 . . 10 BE 11 TI 11 **This is your T-account as required. CASH date DEBIT CREDIT date Compare your cash balance in the T-account to the given cash balance from Danielle each week. If the T-account is not correct, fix the error before proceeding to the next week. Include the subtotal at the end of each week in the T-account for Cash.. Week 2 Tropical Video INVOICE 3554 Valencia Boulevard South Beach, SC 22925 Check #107 issued. DS I Write a check today, June 8, for $1,000. AM Date: June 8, 20X1 To Island Video Productions Invoice No.: 2105 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Terms: Net 60 days Shipped By: For Pick-Up Item Quantity 1 1 Digital video camera DVD recorder 4-hour battery belt Tripod digital memory card Unit Price $ 2,100.00 250.00 550.00 200.00 50.00 1 2. Total $ 2,100.00 250.00 550.00 200.00 N/C $ 3,100.00 186.00 $ 3,286.00 SUBTOTAL 6% Sales Tax TOTAL Week 2, Source Document 13 INVOICE Dade Discount Video 345 East 45th Street Hollywood, SC 29449 To Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Date: June 9, 20X1- Invoice No.: 1662 Terms: Net 60 days Shipped By: For Pick-Up Quantity 10 Item Blank DVD's Unit Price $ 30.00 Total $ 300.00 SUBTOTAL 6% Sales Tax TOTAL $ 300.00 18.00 $ 318.00 picked up DVD. stock today. Paid with company check .108 AM Week 2, Source Document 14 ISLAND VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20X1 Received from: Hagen Art Gallery $300.00 ISLAND VIDEO PRODUCTIONS RECEIPT No. 3 Date: June 9, 20X1 Received from: Hagen Art Gallery $300.00 Three hundred and no/100- Dollars Fot: Second installment for video shoot of art gallery opening, and delivery of unedited digital master file. Received by: AM Week 2, Source Document 15 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 5 TO: Accounting clerk FROM: Anthony Mondo DATE: June 9, 20x1 SUBJECT: Purchase Besimesements TO: Accounting Clerk FROM: Anthony Mondo DATE: June 9, 20x1 SUBJECT: Purchase Reimbursement I paid $450.00 for a used wireless microphone set with a check from my personal account. Please write a check payable to me for reimbursement. Issued check #109 for $550.00. - DS Week 2, Source Document 16 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 INVOICE Date: June 10, 20X1 Invoice No.: S103 SOLD TO: Arnold Stein 3252 Orange Blossom Lane Hollywood, SC 29449 DATE DESCRIPTION 6/10/20x1 Videography of Golden Anniversary CHARGES $ 1,500.00 Payable in three equal installments Week 2, Source Document 17 ISLAND VIDEO PRODUCTIONS RECEIPT No. 4 Date: June 10, 20X1 Received from: Arnold Stein Five hundred and no/100- $ 500.00 _Dollars For: Deposit for video shoot of the Arnold Stein Golden Anniversary (first of three paymenty) Received by: AM Week 2, Source Document 18 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 INVOICE Date: June 11, 20X1 Invoice No.: 5104 SOLD TO: Island High School Athletic Department 442 West 12th Street Hilton Head Island, SC 22928 Payable upon delivery of unedited videos I Week 2, Source Document 19 BILLING South Carolina United Insurance STATEMENT 3131 Nueva Corona Avenue North Beach, SC 22920 305-555-2111 BILL TO: Island Video Productions 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Date: June 11, 20X1 Due: Upon Receipt DATE 6/1/20x1 DESCRIPTION Business liability coverage for period beginning June 1, 20X1 CHARGES ns & documents 3 Requ CHARGES DATE DESCRIPTION 6/1/20X1 Business liability coverage for period beginning June 1, 20X1 to and ending August 30, 20X1 8/30/20X1 See attached policy. $450.00 AMOUNT DUE: Tysued check #110 for $450. - DS Week 2, Source Document 20 ISLAND VIDEO PRODUCTIONS RECEIPT No. 5 Date: June 12, 20X1 Received from: Nicolay Decilla $650.00 Six hundred fifty and no/100-- Dollars For: On account for Decilla/Boles wedding Received by: AM Lions & documents a o Requ Week 2, Source Document 21 ISLAND VIDEO PRODUCTIONS RECEIPT No. 6 Date: June 12, 20X1 Received from: Cash Sale Four hundred fifty and no/100- For: DVD duplicates of Decilla/Boler wedding $450.00 Dollars Received by: AM Week 2, Source Document 22 ISLAND VIDEO PRODUCTIONS 2433 Atlantic Ave., Suite 311 Hilton Head Island, SC 29928 Memorandum No. 6 TO: Accounting Clerk FROM: Anthony Mondo DATE: June 15, 20x1 SUBJECT: Employee Wages Danielle Sloane issued checks 111 and 112 to pay the employee wages for the last two-week period. The total amount of the two checks was $2,750.00. Please make the necessary journal entry recording this expense ections & documents Rowen Danielle bloane issued checks 111 and 112 to pay the employee wages for the last two week period. The total amount of the two checks was $2,750.00 Flease make the necessary journal entry recording this expense And use cycka 111 and 112 as your source document reference Week 2, Source Document 23 ISLAND VIDEO PRODUCTIONS 243 Atlantic Ave, Suite Hilton Head Island, SC 29928 Memorandum NO in die TOL FROM DATE SURRECTE 2 5 C 6 IN 8 E R T Y U 0 D F G H J K C V B N ^