Column II. 5. A business paper from which information is obtained for a journal entry. (p. 59)

Similar documents
Journalizing Transactions

Part One Identifying Accounting Concepts and Practices

2014 Mar. 31 Balance 30, Adjusting 26 22,500 7, Mar. 31 Balance 3, Adjusting 26 1,800 1,800

ACCOUNTING I. 1. The cash account is used to summarize information about the amount of money the business has available.

Chapter 2. Ex a. debit g. debit b. credit h. credit c. credit i. debit d. credit j. credit e. debit k. debit f. credit l. debit. Ex.

FUNDAMENTAL ACCOUNTING (01)

Century 21 Accounting, 9e Multicolumn Journal Chapter Outlines

Accounting 1A Class Notes Chapter 2 Analyzing Transactions. Chart of Accounts 1. Assets. Liabilities. 3. Owners Equity. Revenue. 5.

Name: Date: Period: Standard 2: Students will list and identify characteristics of the three basic accounting equation elements.

states that financial reporting is done in equal periods of time. C. Assets and liability accounts are considered to be

Study Guide 5. Part One Identifying Accounting Terms. Answers. Column II. Column I

FUNDAMENTAL ACCOUNTING (100) Secondary

Record Transactions in the Journal. Copy (post) to the Ledger. Prepare the Trial Balance

Chapter 2 Analyzing Transactions: The Accounting Equation

Study Guide 2. Part One Identifying Accounting Terms. Column II. Answers. Column I

SECOND REVISED REINFORCEMENT ACTIVITY 1. Name Date Class. PART A, p. 147

FUNDAMENTAL ACCOUNTING (01)

Column II. 3. A merchandising business that sells to those who use or consume the goods. (p. 244)

Accounting Basics Introduction To Financial Accounting

11-7. CHALLENGE PROBLEM, pp. 333, 334. Name Date Class. Journalizing and posting business transactions 1., 2. SALES JOURNAL 1., 3.

Chapter 2 MULTIPLE CHOICE

Journalizing Transactions

RECORDING TRANSACTIONS

APPENDIX E SPECIAL JOURNALS AND SUBSIDIARY LEDGERS

ACCOUNTING I Chapter 10 Reading Guide. 1. What are the two major activities of merchandising businesses?

FUNDAMENTAL ACCOUNTING (01)

Analyzing Transactions

LESSON 2-1. Departmental Sales on Account and Sales Returns and Allowances. CENTURY 21 ACCOUNTING 2009 South-Western, Cengage Learning

Accounting Cycle Review Problem. Michelle Clark. Accounting 1110 Section 401. Fall 2014

SOLUTIONS TO EXERCISES SET B

Accounting for Business Transactions QUESTIONS

Chapter 2 Recording Business Transactions

Study Guide 1. Part One Identifying Accounting Terms. Answers

Study Guide 24. Part One Identifying Accounting Terms. Column II. Answers. Column I

CHAPTER 2 ANALYZING TRANSACTIONS: THE ACCOUNTING EQUATION

Accounting Terms Chap 1-8

Account Form. Used to summarize in one place all the changes to a single account A separate form for each account. Sample of a blank account form

Posting from a General Journal to a General Ledger. Tuesday, October 26, :48:47 PM ET

2/10/2009. The accounting ACCOUNTING TRANSACTIONS AND EVENTS. Analysing transactions. Chapter 2

The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin

Week 4/5, Chap 4. The General Journal and the General Ledger. Instructor: Michael Booth

T Accounts, Debits and Credits, Trial Balance, and Financial Statements

Examination Booklet Version 1. Bookkeeping

FUNDAMENTAL ACCOUNTING (01)

Analyzing and Recording Transactions QUESTIONS

Analyzing and Recording Transactions QUESTIONS

> DO IT! Chapter 2 The Recording Process. Recording Business Activities D-7

SOLUTIONS Learning Goal 8

Fundamentals of Accounting Resources

MINI PRACTICE SET. Go Fly a Kite Inc. CHART OF ACCOUNTS. REVENUE 401 Sales 405 Sales Discounts 410 Sales Returns and Allowances

Analyzing the Accounting Equation

FUNDAMENTAL ACCOUNTING (100) Secondary

LESSON Journalizing Purchases Using a Purchases Journal

CHAPTER 2 The Recording Process

Accounting I. Lesson Plan. Name: Terry Wilhelmi Day/Date: Topic: Journalizing Purchases and Cash Payments Unit: 3 Chapter 11

Accounting 1. Lesson Plan. Topic: Recording Sales and Cash Receipts Using Special Journals Unit: 4 Chapter 20

Fundamental Accounting Principles

Accounting Principles (203) Dr. Mishari Alfraih

The General Journal and the General Ledger

The General Journal and the General Ledger Instructor: Michael Booth

The General Journal and the General Ledger Instructor: Michael Booth

Introduction Cengage Learning. All Rights Reserved.

Analyzing and Recording Transactions QUESTIONS

Journalizing Sales and Cash Receipts Using Special Journals. Friday, February 25, :53:53 AM ET

Accounting I PRECISION EXAMS DESCRIPTION. EXAM INFORMATION Items

Accounting. Chapter 6

Acct 151A Week 7, Chap 6. Instructor: Michael Booth Cabrillo College

Chapter 4: Posting from a General Journal to a General Ledger

Checking Account Simulation. Making Deposits, Writing Checks, Using the Register, and Reconciling an Account

Chapter 3 Question Review 1

Once the financial position of a business is determined in the form of a balance sheet, there is a need to record it in permanent form.

Solution manual for Accounting 26th Edition by Warren CHAPTER 2 ANALYZING TRANSACTIONS

ACCOUNTING SEMESTER 1. Final Exam Review

CHAPTER 2. The Recording Process. Brief 2, 3, 4, 5, 6, 7, 8, 9, 14 10, , 7 11, 12, 13, 14, 16

MIAMI PARKING AUTHORITY

FUNDAMENTAL ACCOUNTING (100) Secondary

Study Guide 15. Part One Identifying Accounting Terms. Column II. Answers. Column I

A Business Simulation

Chapter 2 Review of the Accounting Process

Chapter 5: Cash Control Systems

Accounting Principles

LO1 Record a deposit on a check stub. LO2 Endorse checks using blank, special, and restrictive endorsements. LO3 Prepare a check stub and a check.

ACCT-112 Final Exam Practice Solutions

Chapter 2--Analyzing Transactions

Chapter 2--Analyzing Transactions

The General Ledger. The 4 th step of the accounting cycle is to post to the ledger.

Heintz & Parry. 20 th Edition. College Accounting 10-1

The new general ledger accounts will be on the 2018 financial statement; however, you must add them into your general ledger.

Exercise 2-1. Exercise 2-2. Exercise 2-3. Name. = Liabilitiy Acounts + Debit Credit. Asset Acounts. Stockholders Equity Acounts Debit. Credit.

ACCOUNTING LIFEPAC 10 BUSINESS SIMULATION

2010 Accounting GA 1: Written examination 1

Solution Manual. Accounting Principles 11th Ed. by Weygandt

Problems: Set C. 8 chapter 3 The Accounting Information System

Study. Part One Identifying Accounting Terms. Column II. Answers. Column I

Chapter 02 - Analyzing and Recording Transactions. Chapter Outline

Accounting Glossary 1. an equation showing the relationship among assets, liabilities, and

Part One-Identifying Accounting Concepts and Practices

The Recording Process Chapter 2 Outline

Fundamental Accounting Principles

Accounting Basics, Part 1

Transcription:

Study Guide 3 Name Part One Identifying Accounting erms Identifying Accounting erms Identifying Accounting Concepts and Practices Recording ransactions in a Multicolumn Journal Directions: Select the one term in Column I that best fits each definition in Column II. Print the letter identifying your choice in the Answers column. otal Perfect Score Pts. 9 Pts. 0 Pts. 50 Pts. Your Score Column I A. check Column II. A form for recording transactions in chronological order. (p. 58) Answers. E B. double-entry accounting. Recording transactions in a journal. (p. 58). C. entry 3. Information for each transaction recorded in a journal. (p. 59) 3. C D. invoice 4. he recording of debit and credit parts of a transaction. (p. 59) 4. B E. journal 5. A business paper from which information is obtained for a journal entry. (p. 59) 5. K. journalizing 6. A business form ordering a bank to pay cash from a bank account. (p. 60) 6. A G. memorandum 7. A form describing the goods or services sold, the quantity, the price, and the terms of sale. (p. 60) 7. D H. proving cash 8. An invoice used as a source document for recording a sale on account. (p. 60) 8. J I. receipt 9. A business form giving written acknowledgement for cash received. (p. 6) 9. I J. sales invoice 0. A form on which a brief message is written to describe a transaction. (p. 6) 0. G K. source document. Determining that the amount of cash agrees with the accounting records. (p. 79). H Chapter 3 Journalizing ransactions 35 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Part wo Identifying Accounting Concepts and Practices Directions: Place a for rue or an for alse in the Answers column to show whether each of the following statements is true or false.. Information in a journal includes the debit and credit parts of each transaction recorded in one place. (p. 59). In double-entry accounting, each transaction affects at least three accounts. (p. 59) Answers.. 3. he Objective Evidence accounting concept requires that there be proof that a transaction did occur. (p. 59) 4. Examples of source documents include checks, sales invoices, receipts, and memorandums. (p. 59) 5. he source document for all cash payments is a sales invoice. (p. 60) 6. A memorandum is the source document used when items are paid in cash. (p. 6) 3. 4. 5. 6. 7. A receipt is the source document for cash received from transactions other than sales. (p. 6) 7. 8. A calculator tape is the source document for daily sales. (p. 6) 8. 9. he source document used when supplies are bought on account is a check. (p. 66) 9. 0. he journal columns used to record buying supplies on account are general debit and cash credit. (p. 66). he source document used when supplies bought on account are paid for is a memorandum. (p. 67). he journal columns used to record receiving cash from sales are cash debit and sales credit. (p. 70) 3. he source document sales invoice is abbreviated as S in a journal entry. (p. 7) 0... 3. 4. he journal columns used to record paying cash for equipment rental are General Debit and cash credit. (p. 7) 5. he journal columns used to record paying cash to the owner for a withdrawal of equity are cash debit and general credit. (p. 74) 6. o prove a journal page, the total debit amounts are compared with the total credit amounts to be sure they are equal. (p. 76) 7. When a journal page is full, the full page should be proved before a new page is started. (p. 76) 8. Double lines across column totals mean that the totals have been verified as correct. (p. 77) 4. 5. 6. 7. 8. 9. o correct an error in a journal, simply erase the incorrect item and write the correct item in the same place. (p. 80) 9. 36 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class Part hree Recording ransactions in a Multicolumn Journal Directions: he columns of the journal below are identified with capital letters. each of the following transactions, decide which debit and credit amount columns will be used. Print the letters identifying your choice in the proper Answers columns. DAE ACCOUN ILE DOC. NO. POS. RE. JOURNAL PAGE 3 4 5 GENERAL SALES DEBI CREDI CREDI DEBI CREDI A B C D E G H I. Received cash from owner as an investment. (p. 6) Answers. H. 3 4. Paid cash for supplies. (p. 63) 3. E 4. I 5 6. Paid cash for insurance. (p. 65) 5. E 6. I 7 8. Bought supplies on account. (p. 66) 7. E 8. 9 0. Paid cash on account. (p. 67) 9. E 0. I. Received cash from sales. (p. 70). H. G 3 4. Sold services on account. (p. 7) 3. E 4. G 5 6. Paid cash for an expense. (p. 7) 5. E 6. I 7 8. Received cash on account. (p. 73) 7. H 8. 9 0. Paid cash to owner as a withdrawal of equity. (p. 74) 9. E 0. I Chapter 3 Journalizing ransactions 37 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

6 9 E S P R O V I 7 N R Y G E C C 4 5 A L E S I N V O I C E S I V H P O I 0 C E 3 S C U M H E C K N J O U R M E M O R A N U A J O U R N A L C E 8 I D D U M I Z I N G Across 4. A form on which a brief message is written to describe a transaction. 5. Recording transactions in a journal. 6. Information for each transaction recorded in a journal. 9. An invoice used as a source document for recording a sale on account. his is also referred to as a sales ticket or a sales slip. 0. A business form ordering a bank to pay cash from a bank account. Down. A form for recording transactions in chronological order.. Determining that the amount of cash agrees with the accounting records. 3. A business paper from which information is obtained for a journal entry. 7. A business form giving written acknowledgement for cash received. 8. A form describing the goods or services sold, the quantity, the price, and the terms of sale. 38 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-, 3-, 3-3, and 3-4 WORK OGEHER, pp. 64, 69, 75, and 8 3- Journalizing entries in a multicolumn journal 3- Journalizing entries in a multicolumn journal 3-3 Journalizing transactions that affect owner s equity in a multicolumn journal 3-4 Proving and ruling a journal 3 4 5 DAE ACCOUN ILE DOC. POS. NO. RE. DEBI CREDI CREDI DEBI CREDI 0-- Apr. Norma Dirks, Capital R 8 0 0 8 0 0 Supplies C 4 5 4 5 5 Supplies M 6 0 0 Accounts Payable Supply Mart 6 0 0 7 Prepaid Insurance C 5 0 0 5 0 0 9 Accounts Payable Supply Mart C 0 0 3 0 0 Rent Expense C4 6 5 0 6 5 0 3 3 5 0 0 5 0 0 4 Accounts Receivable K. Spah S 4 8 0 4 8 0 9 Utilities Expense C5 0 0 0 Accounts Receivable K. Spah R Norma Dirks, Drawing C6 5 0 0 5 0 0 3 Accounts Receivable K. Spah S 5 0 5 0 7 Norma Dirks, Drawing C7 8 0 0 8 0 0 7 Carried ward 5 6 5 3 6 3 3 0 4 3 8 5 0 0 3-3- 3-3 3-4 Chapter 3 Journalizing ransactions 39 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-4 WORK OGEHER (concluded) DAE ACCOUN ILE Brought ward DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 0-- Apr. 7 9 30 R3 30 5 6 5 3 6 3 3 0 4 3 8 5 5 0 5 0 6 5 6 5 5 6 5 3 8 0 5 3 7 6 0 4 3 8 5 30 Accounts Receivable K. Spah otals 0 0. Prove page : Column Column otal Column otal otals... $ 5,65. $ 3,655. 3,30. 5,555. 4,385. $,70. $,70. 4. Prove page : Column Column otal Column otal otals... $ 5,65. $ 3,805. 6,330. $,945. 3,755. 4,385. $,945. 5. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month... Cash balance at the end of the month... $ 0. 6,330. $6,330. 4,385. $,945. 40 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-, 3-, 3-3, and 3-4 ON YOUR OWN, pp. 64, 69, 75, and 8 3- Journalizing entries in a multicolumn journal 3- Journalizing entries in a multicolumn journal 3-3 Journalizing transactions that affect owner s equity in a multicolumn journal 3-4 Proving and ruling a journal 3 4 5 DAE ACCOUN ILE DOC. POS. NO. RE. DEBI CREDI CREDI DEBI CREDI 0-- June Michelle Sullivan, Capital R 3 0 0 3 0 0 3 Supplies C 6 0 0 6 0 0 5 Prepaid Insurance C 3 0 0 3 0 0 9 Supplies M 7 0 0 Accounts Payable Bayside Supplies 7 0 0 0 Accounts Payable Bayside Supplies C3 4 0 0 4 0 0 Rent Expense C4 7 5 0 7 5 0 Accounts Receivable G. Stratton S 8 0 0 8 0 0 6 6 4 3 0 0 4 3 0 0 7 Miscellaneous Expense C5 3 7 3 7 9 Accounts Receivable G. Stratton R 5 0 0 5 0 0 0 Michelle Sullivan, Drawing C6 0 0 0 0 0 0 3 Accounts Receivable G. Stratton S 4 0 0 4 0 0 6 Miscellaneous Expense C7 3 3 6 Carried ward 5 0 0 0 0 0 8 0 0 0 0 3-3- 3-3 3-4 Chapter 3 Journalizing ransactions 4 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-4 ON YOUR OWN (concluded) 0-- June DAE ACCOUN ILE 6 7 30 Brought ward Accounts Receivable G. Stratton otals DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 30 R3 30 5 0 0 0 0 0 8 0 0 0 0 0 0 0 0 4 4 5 0 4 6 0 0 5 9 8 6 0 0 0. Prove page : Column Column otal Column otal otals... $ 5,0. $ 4,4. 5,5. 8,0. 3,30. $3,0. $3,0. 4. Prove page : Column Column otal Column otal otals... $ 5,0. $ 4,6. 8,6. $3,83. 5,9. 3,30. $3,83. 5. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month... Cash balance at the end of the month... $ 0. 8,6. $8,6. 3,30. $5,3. 4 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-, 3-, 3-3, and 3-4. APPLICAION PROBLEMS, pp. 84 85 3- Journalizing transactions in a multicolumn journal (LO3, 4) 3- Journalizing buying insurance, buying on account, and paying on account in a multicolumn journal (LO3, 4, 5) 3-3 Journalizing transactions that affect owner s equity and receiving cash on account in a multicolumn journal (LO3, 4, 5, 6, 7) 3-4. Proving and ruling a multicolumn journal (LO3, 4, 5, 6, 7, 8, 9) 3-3- 3-3 3-4. 3 4 5 DEBI CREDI CREDI DEBI CREDI POS. RE. DOC. NO. DAE ACCOUN ILE 0-- Mar. Dennis Marier, Capital R 5 0 0 0 5 0 0 0 4 Supplies C 5 0 0 5 0 0 5 Supplies C 5 5 6 Prepaid Insurance C 0 0 3 0 0 7 Supplies M 0 0 0 Accounts Payable Supply Mart 0 0 0 8 Accounts Payable Supply Mart C4 5 0 0 5 0 0 Accounts Payable Supply Mart C 0 0 5 0 0 Rent Expense C6 4 0 0 4 0 0 0 0 3 3 5 0 5 0 4 Accts. Rec. Scott Company S 5 5 5 Utilities Expense C7 9 0 9 0 5 Dennis Marier, Drawing C8 4 0 0 4 0 0 Chapter 3 Journalizing ransactions 43 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. 8 8 3 0 3 0 9 Miscellaneous Expense C9 3 3 Accts. Rec. Scott Company R 5 5 3 5 0 3 5 0 0 0 Utilities Expense C0 6 5 6 5 5 Supplies M 7 0 Accounts Payable Supply Mart 7 0 6 Accts. Rec. Scott Company R3 0 0 0 0 6 Miscellaneous Expense C 5 5 7 Accts. Rec. Scott Company S 4 0 0 4 0 0 7 Supplies C 7 Carried ward 6 9 6 3 9 5 3 5 9 5 4 9

3-4. APPLICAION PROBLEM (concluded) 0-- Mar. DAE ACCOUN ILE 7 8 9 3 Brought ward Rent Expense Miscellaneous Expense Dennis Marier, Drawing otals DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 3 3 C3 C4 3 C5 9 6 3 9 5 3 5 9 5 4 9 0 0 0 0 6 8 5 6 8 5 4 0 0 4 0 0 4 6 3 9 5 0 4 0 4 0 5 6 9 3 6 7. Prove page : Column Column otal Column otal otals... $ 6,944. $ 6,395.,355. 5,955. 5,49. $,899. $,899. 4. Prove page : Column Column otal Column otal otals... $ 7,488. $ 6,395. 6,640. $4,8.,040. 5,693. $4,8. 5. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month... Cash balance at the end of the month... $ 0. 6,640. $6,640. 5,693. $ 947. 44 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-4. APPLICAION PROBLEM (LO3, 4, 5, 6, 7, 8, 9), p. 85 Journalizing transactions and proving and ruling a multicolumn journal DAE ACCOUN ILE 0-- Aug. DOC. NO. Mikaela Mundt, Capital R 3 Supplies C 4 Prepaid Insurance C 5 Supplies M Accounts Payable Southern Supplies Accounts Payable Southern Supplies C3 POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 5 6 7 8 5 Utilities Expense Mikaela Mundt, Drawing Accounts Receivable J. Lepowsky Advertising Expense Accounts Receivable J. Lepowsky 0 0 3 otals C4 C5 S 7 C6 R 8 4 4 6 6 8 0 3 6 5 8 8 0 0 0 0 0 0 0 0 4 4 6 8 8 0 6 8 8 0 8 0 0 4 7 9 7 9 3 4 5 9 3 5 9 6 4 4 6 5. Prove the journal: Column Column otal Column otal otals... $,. $,480. 3,59. $5,7.,59.,64. $5,7. 3. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month... Cash balance at the end of the month... $ 0. 3,59. $3,59.,64. $,950. Chapter 3 Journalizing ransactions 45 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-M MASERY PROBLEM (LO3, 4, 5, 6, 7, 8, 9), p. 86 Journalizing transactions and proving and ruling a multicolumn journal DAE ACCOUN ILE DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 0-- May Sadie Berkowitz, Capital R 8 0 0 0 8 0 0 0 Supplies C 5 0 5 0 3 Rent Expense C 4 5 0 4 5 0 4 Supplies M 8 5 0 Accounts Payable Archer Supplies 8 5 0 5 Utilities Expense C3 3 3 8 Accounts Payable Archer Supplies C4 5 0 0 5 0 0 8 8 4 9 0 4 9 0 8 Accounts Receivable Zachary s Limos S 5 5 9 Prepaid Insurance C5 6 0 0 6 0 0 0 Repairs Expense C6 9 4 9 4 0 0 0 0 3 8 3 8 Miscellaneous Expense C7 0 0 3 5 3 5 4 5 0 4 5 0 5 Sadie Berkowitz, Drawing C8 0 0 0 0 0 0 5 5 4 5 4 5 6 Supplies C9 0 0 7 Accounts Receivable Zachary s Limos R 5 5 7 Supplies M 3 0 0 Accounts Payable OK Supplies 3 0 0 0 0 7 7 5 0 5 0 8 8 4 0 0 4 0 0 9 9 3 5 3 5 9 Carried ward 5 9 6 9 6 5 3 8 0 0 8 4 5 8 7 46 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-M MASERY PROBLEM (concluded) DAE ACCOUN ILE DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 0-- May 9 Brought ward 5 9 6 9 6 5 3 8 0 0 8 4 5 8 7 Supplies M 0 Accounts Payable OK Supplies 3 0 3 0 5 3 0 5 3 Utilities Expense C0 4 5 4 5 3 Accounts Receivable Zachary s Limos S 9 9 4 Advertising Expense C 7 5 7 5 4 4 5 0 5 0 5 5 3 8 5 3 8 5 6 Supplies C 4 5 4 5 0 0 6 6 5 0 5 0 9 Accounts Receivable Zachary s Limos R3 7 5 7 5 3 Sadie Berkowitz, Drawing C3 5 0 5 0 3 3 5 0 5 0 3 otals 8 6 9 8 9 4 7 0 4 6 4 9 4 3 7 0 0. Prove page : Column Column otal Column otal otals... $ 5,96.,8. $6,970. $ 9,65. 3,8. 4,587. $6,970. 4. Prove page : Column Column otal Column otal otals... $ 8,698. $ 9,470.,43. $,. 4,649. 7,. $,. 5. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month... Cash balance at the end of the month... $ 0.,43. $,43. 7,. $ 5,4. Chapter 3 Journalizing ransactions 47 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-S SOURCE DOCUMENS PROBLEM (LO, 3, 4, 5, 6, 7, 8, 9), p. 87 Journalizing transactions Receipt No., 0 - - rom June Henry White Investment $ 4,0 Receipt No. June Rec d from Henry White Investment our thousand and no/ 0 - - Amount $ Henry White Received by 4,0 Dollars No. 0 -- $ o June. Worldwide Supply Company No. June 5 0 -- $ 6. o NW Management Company 3 Supplies June rent BALANCE BROUGH ORWARD 0 AMOUN DEPOSIED 6 0 - - 4,0 SUBOAL 4,0 AMOUN HIS CHECK 3 BALANCE CARRIED ORWARD 3,7 BALANCE BROUGH ORWARD AMOUN DEPOSIED SUBOAL AMOUN HIS CHECK BALANCE CARRIED ORWARD 3,7 3,7 6 3, No. MEMORANDUM Bought supplies on account from Atlas Supplies, $3. 4 Signed: Henry White June 8, : 0 - - 48 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-S SOURCE DOCUMENS PROBLEM (continued) No. 3 0 - - $ o June 9 80. Statewide Electric 5 No. 4 0 -- $ o June 3. Atlas Supplies 6 Electric bill Payment on account BALANCE BROUGH ORWARD 3, AMOUN DEPOSIED SUBOAL 3, AMOUN HIS CHECK 80 BALANCE CARRIED ORWARD 3, BALANCE BROUGH ORWARD 3, AMOUN DEPOSIED SUBOAL 3, AMOUN HIS CHECK 3 BALANCE CARRIED ORWARD,70 June, 0 - - 7 0.*.+ 5.+ 6.* White s Repair Service SALES INVOICE 03 Pacific Blvd NW Albany, OR 973-776 Sold to: J.Puckett No. 4456 Main Street SW Albany, OR 973-4456 6/5/-- 30 days erms 8 DESCRIPION Amount Repair Water Heater $,. otal $,. Chapter 3 Journalizing ransactions 49 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-S SOURCE DOCUMENS PROBLEM (continued) No. 5 0 -- $ o June 6 3. Oakridge Insurance C0. Insurance BALANCE BROUGH ORWARD,70 AMOUN DEPOSIED 6 0 - - 6 SUBOAL 3,30 AMOUN HIS CHECK 3 BALANCE CARRIED ORWARD 3, 9 June 9, 0 - - 9 0 0.* 3. 5.+ 85.+ 7.* No. 6 0 - - $ o June 3 50. Sunrise Delivery Co. Miscellaneous expense June 6, 0 - - 6 0.* 55.+ 386.+ 90.* BALANCE BROUGH ORWARD 3, AMOUN DEPOSIED 6 9 0 - - 7 SUBOAL 3,70 AMOUN HIS CHECK 50 BALANCE CARRIED ORWARD 3,670 No. 7 0 -- $ o June 9 37. Seaside Cleaning Company Miscellaneous expense 3 BALANCE BROUGH ORWARD 3,670 AMOUN DEPOSIED 0 - - 90 SUBOAL 4,57 AMOUN HIS CHECK 37 BALANCE CARRIED ORWARD 4,534 50 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-S SOURCE DOCUMENS PROBLEM (continued) Receipt No., 0 - - rom $ June 9 J. Puckett On account Receipt No. June 9 Rec d from J. Puckett On account One thousand one hundred and no/ 0 - - Amount $,, Henry White Received by 4 Dollars No. 8 0 - - $ o June 9 0. Salem elephone C0. Cell phone bill 5 No. 9 0 -- $ o 6 June 30,0. Henry White Owner withdrawl of equilty BALANCE BROUGH ORWARD 4,534 AMOUN DEPOSIED 6 9 0 - -, SUBOAL 5,634 AMOUN HIS CHECK 0 BALANCE CARRIED ORWARD 5,54 BALANCE BROUGH ORWARD 5,54 AMOUN DEPOSIED SUBOAL 5,54 AMOUN HIS CHECK,0 BALANCE CARRIED ORWARD 3,54 June 30, 0 - - 30 0.* 350.+ 350.* 7 No. 0 0 $ o 8 BALANCE BROUGH ORWARD 3,54 AMOUN DEPOSIED 6 30 0 - - 350 SUBOAL 3,874 AMOUN HIS CHECK BALANCE CARRIED ORWARD Chapter 3 Journalizing ransactions 5 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

3-S SOURCE DOCUMENS PROBLEM (concluded) DAE ACCOUN ILE DOC. NO. POS. RE. 3 4 5 DEBI CREDI CREDI DEBI CREDI 0-- June Henry White, Capital () R 4 0 0 0 4 0 0 0 3 Supplies () C 3 0 0 3 0 0 5 Rent Expense (3) C 6 0 0 6 0 0 8 Supplies (4) M 3 0 0 Accounts Payable Atlas Supplies 3 0 0 9 Utilities Expense (5) C3 8 0 8 0 Accounts Payable Atlas Supplies (6) C4 3 0 0 3 0 0 (7) 6 0 0 6 0 0 5 Accounts Receivable J. Puckett (8) S 0 0 0 0 6 Prepaid Insurance (9) C5 3 0 0 3 0 0 0 0 9 (0) 9 7 0 0 7 0 0 3 Miscellaneous Expense () C6 5 0 5 0 6 () 6 9 0 9 0 9 Miscellaneous Expense (3) C7 3 7 3 7 9 Accounts Receivable J. Puckett (4) R 0 0 0 0 9 Utilities Expense (5) C8 0 0 30 Henry White, Drawing (6) C9 0 0 0 0 0 0 30 (7) 30 3 5 0 3 5 0 30 otals 5 5 4 0 0 3 6 5 7 6 5 3 7. Prove the journal: Column Column otal Column otal otals... $ 5,77. $ 5,4. 7,65. $,88. 3,65. 3,777. $,88. 3. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month.... Cash balance at the end of the month... $ 0. 7,65. $7,65. 3,777. $3,874. 5 Working Papers E 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Name Class 3-C CHALLENGE PROBLEM (LO3, 4, 5, 6, 7, 8, 9), p. 88 Journalizing transactions using a variation of the multicolumn journal 3 4 5 cash DAE ACCOUN ILE DOC. POS. DEBI CREDI NO. RE. DEBI CREDI CREDI 8 0 0 0 0-- Sept. Misha Malnick, Capital R 8 0 0 0 5 0 0 Prepaid Insurance C 5 0 0 3 Supplies M 0 0 0 Accounts Payable Master Supplies 0 0 0 5 0 0 4 Supplies C 5 0 0 0 0 0 8 Accounts Payable Master Supplies C3 0 0 0 0 0 0 9 Rent Expense C4 0 0 0 8 0 0 8 0 0 5 Accounts Receivable Unique Uniforms S 4 0 0 4 0 0 0 6 Utilities Expense C5 0 4 0 0 Accounts Receivable Unique Uniforms R 4 0 0 0 0 0 5 Misha Malnick, Drawing C6 0 0 0 0 0 0 8 0 30 otals 0 5 0 0 4 0 0 0 0 0 0. Prove the journal: Column Column otal Column otal otals... $0,. $ 8,0. 0,50. 0,4.,. $0,70. $0,70. 3. Prove cash: Cash on hand at the beginning of the month... + total cash received during the month... otal cash... otal cash paid during the month.... Cash balance at the end of the month... $ 0. 0,. $0,. 8,0. $,080. Chapter 3 Journalizing ransactions 53 04 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.