SECOND REVISED
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Study
Guide
11
Perfect
Score
Name
Identifying Accounting Terms
Analyzing a Journal and Ledgers
Analyzing Posting and Subsidiary Ledgers
Total
6
21
10
37
Your
Score
Pts.
Pts.
Pts.
Pts.
Part One—Identifying Accounting Terms
Directions: Select the term in Column I that best fits each definition in
Column II. Print the letter identifying your choice in the Answers column.
Column I
Answers
Column II
A. accounts payable ledger
1. A ledger that is summarized in a single general ledger
account. (p. 298)
1.
F
B. accounts receivable
ledger
2. A subsidiary ledger containing only accounts for vendors from
whom items are purchased or bought on account. (p. 298)
2.
A
C. controlling account
3. A subsidiary ledger containing only accounts for charge
customers. (p. 298)
3.
B
D. schedule of accounts
payable
4. An account in a general ledger that summarizes all
accounts in a subsidiary ledger. (p. 298)
4.
C
E. schedule of accounts
receivable
5. A listing of vendor accounts, account balances, and
total amounts due all vendors. (p. 305)
5.
D
F. subsidiary ledger
6. A listing of customer accounts, account balances, and total
amount due from all customers. (p. 313)
6.
E
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11 • 249
SECOND REVISED
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Part Two—Analyzing a Journal and Ledgers
Directions: Place a T for True or an F for False in the Answers column to
show whether each of the following statements is true or false.
1. When using an accounts receivable ledger, the total amount due from all customers is
summarized in a single general ledger account. (p. 298)
Answers
1.
T
2. Accounts are arranged in alphabetical order within the subsidiary ledgers. (p. 299)
2.
T
3. A change in the balance of a vendor account also changes the balance of the controlling
account, Accounts Payable. (p. 299)
3.
T
4. The total amount owed to all vendors is summarized in a single general ledger account,
Accounts Payable. (p. 299)
4.
T
5. The number of entries that may be recorded on each ledger account form is limited to
fifteen. (p. 300)
5.
F
6. The amount on each line of a purchases journal is posted as a credit to a vendor account
in the accounts payable ledger. (p. 301)
6.
T
7. Posting frequently keeps each vendor account balance up to date. (p. 301)
7.
T
8. Entries in a general journal may affect account balances in an accounts payable ledger.
(p. 303)
8.
T
9. A controlling account balance in a general ledger must equal the sum of all account
balances in a subsidiary ledger. (p. 305)
9.
T
10. A schedule of accounts payable is prepared before all entries in a journal are posted.
(p. 305)
10.
F
11. A change in the balance of a customer account does not affect the balance of the
controlling account, Accounts Receivable. (p. 307)
11.
F
12. The form used in the accounts receivable ledger has a Debit Balance column. (p. 308)
12.
T
13. Each amount in a sales journal’s Accounts Receivable Debit column is posted as a credit
to the customer account in the accounts receivable ledger. (p. 309)
13.
F
14. Each entry in the Accounts Receivable Credit column of the cash receipts journal is
posted to the proper customer account in the accounts receivable ledger. (p. 310)
14.
T
15. The accounts receivable ledger is proved when the balance of Accounts Receivable in
the general ledger is the same as the total of the schedule of accounts receivable. (p. 313)
15.
T
16. Each amount in the General columns of a cash payments journal is posted as a total at
the end of the month. (p. 316)
16.
F
17. The monthly total of each special amount column in a cash payments journal is posted
to a general ledger account. (p. 316)
17.
T
18. Transactions recorded in a general journal can affect both subsidiary ledger and general
ledger accounts. (p. 318)
18.
T
19. A diagonal line in the Post. Ref. column allows the posting reference of two account
numbers. (p. 318)
19.
T
20. Errors made in recording amounts in subsidiary ledgers always affect the general ledger
controlling account. (p. 327)
20.
F
21. The steps for posting a journal entry to correct customer accounts are exactly the same
as posting other transactions to subsidiary ledgers. (p. 328)
21.
F
250 • Working Papers TE
CENTURY 21 ACCOUNTING, 9TH EDITION
SECOND REVISED
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Name
Date
Class
Part Three—Analyzing Posting and Subsidiary
Ledgers
Directions: For each item below, select the choice that best completes the
statement. Print the letter identifying your choice in the Answers column.
1. When a debit is posted to the accounts payable ledger, the (A) debit amount is written in
the Debit column of the account (B) cash account increases (C) controlling account is
increased by the entry (D) all of the above. (p. 302)
Answers
1.
A
2. When a credit is posted to the accounts payable ledger, the (A) source document number
and page number of the journal are written in the Post. Ref. column of the account
(B) previous balance is added to the new amount posted in the Credit column (C) credit
amount is written in the Debit column of the account (D) word Balance is written in the
Item column. (p. 303)
2.
B
3. The total of all customer account balances in the accounts receivable ledger equals (A) the
balance in the accounts receivable controlling account (B) the balance in the accounts
payable controlling account (C) the cash account (D) none of these. (p. 307)
3.
A
4. A form in the accounts receivable ledger has (A) a Debit Balance column (B) a Credit
Balance column (C) both Debit Balance and Credit Balance columns (D) none of these.
(p. 308)
4.
A
5. The separate amounts in the Accounts Receivable Debit column of a sales journal are
(A) posted individually to the general ledger (B) posted individually to the accounts
receivable ledger (C) not posted to the general ledger (D) none of these. (p. 309)
5.
B
6. When all lines have been used in a ledger account form, a new page is prepared with the
account name, account number, and (A) page number (B) account balance (C) company
name (D) none of these. (p. 315)
6.
B
7. Posting the special amount column totals in the cash payments journal is done (A) weekly
(B) daily (C) after each transaction (D) none of these. (p. 316)
7.
D
8. The total amount of the purchases journal is posted to the general ledger (A) daily
(B) weekly (C) at the end of the month (D) none of these. (p. 321)
8.
C
9. A check mark is placed in parentheses below the General Debit and General Credit
column totals in the journal to indicate that the two column totals are (A) posted
individually (B) posted only as part of the column total (C) not posted (D) none of these.
(p. 324)
9.
C
10.
A
10. The journal that should be posted first is the (A) sales journal (B) purchases journal
(C) general journal (D) cash payments journal. (p. 325)
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11 • 251
SECOND REVISED
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Study
Skills
Handling Interruptions
Sometimes you will sit down to study, and a family member will ask you an important question. Someone might
ask you to run an errand. Occasionally a friend might call for assistance. It seems that interruptions occur quite
regularly. There is no way to eliminate all interruptions, but you must learn to handle distractions if you are to
complete all your work on schedule.
Establish a Formal Schedule
You can avoid many of the distractions you face daily if you establish regular study hours. You can post
your study hours and keep your door closed while you are studying.
Telephone Calls
Some students simply do not answer the phone during study time. This may or may not be a good idea in
a particular situation. There are certainly calls that you would welcome anytime, but most of them could
be postponed without trouble. If your friends know that you have a regular study schedule, they should
not be offended if you ask them to call before or after these hours.
Getting Back to Work
Perhaps the most important part of handling interruptions is getting back to work. When your study is
interrupted, you must learn to control the length of time you lose. Most questions take only a moment to
answer, but it is very easy to allow them to distract you for 10 or 15 minutes.
If you must stop to run an errand, note the time that you leave and hurry back to study with a minimum
of delay. Students are often quite surprised when they realize that they lose an hour or two when they run
an errand that should take only 15 or 20 minutes.
Looking for an Interruption
Sometimes we may find it difficult to get interested in an assignment, and we almost seem to look for something
to postpone our study. We make a phone call when the call could easily wait. We pick up a magazine or a
newspaper and begin reading when we should not do so.
If we find ourselves looking for a distraction, we must first realize that we are simply trying to postpone
our work. Then we should force ourselves to get back to the subject immediately. The sooner we begin the
work, the sooner we will finish.
A Key to Success
If you allow interruptions to interfere with your work on a regular basis, you will find that more and more
interruptions occur. If you take steps to control interruptions, you will find that you will be distracted less.
Handling interruptions is a key to accomplishing what you want to do in school.
252 • Working Papers TE
CENTURY 21 ACCOUNTING, 9TH EDITION
Chapter 11
Purchases Returns and Allowances
28 Accounts Payable/Art and Things
Accounts Payable/Electro-Graphics Supply
1145
5130
2110
230
2110
DM37
210
M32
1130
110
2140
CM29 4130
DOC. POST.
NO.
REF.
1 2 5 00
2 5 4 4 00
3 12
5 2 00
DEBIT
1 2 5 00
2 5 4 4 00
5 5 12
CREDIT
7
6
5
4
3
2
1
7 7 6 00
(5120)
(1110)
1 2 8 48 18 7 0 4 16
Work
Together 11-2, 11-3
Work
Together 11-3
Work
Together 11-1, 11-3
Work
Together 11-1
Work
Together 11-3
Work
Together 11-3
(Note: The journals in this problem are needed to complete Work Together 11-3 and 11-4.
The general journal is also needed to complete Work Together 11-2.)
7
6
5
26 Supplies—Office
Accounts Receivable/David Bishop
Sales Tax Payable
Oct. 12 Sales Returns and Allowances
ACCOUNT TITLE
(2110)
8 6 5 6 00
7 7 6 00
6 9 60
25
24
15
14
Work
Together 11-4
Work
Together 11-3
Work
Together 11-1
Page 253
4
DATE
20 – –
11
(✔)
(✔)
PAGE
1 4 9 4 74
1 1 6 7 1 38
CREDIT
5
CASH
CREDIT
15
PURCHASES
DISCOUNT
CREDIT
PAGE
ACCOUNTS
PAYABLE
DEBIT
Work
Together 11-4
4
15
(5110)(2110)
Work
Together 11-1
3
14
3
7
11 8 1 8 40
1 4 0 3 20
1
Date
3
2
1
4.
31 Totals
6 9 60
DEBIT
GENERAL
2
240
PURCHASES DR.
ACCTS. PAY. CR.
Name
25
24
291 230
20 Electro-Graphics Supply
POST.
REF.
15
CK.
NO.
290 1145
GENERAL JOURNAL
ACCOUNT TITLE
19 Supplies—Office
DATE
1
CASH PAYMENTS JOURNAL
14
3.
15
31 Total
89
PURCH. POST.
NO.
REF.
10
2:25 PM
14
3
19 Regal Designs
ACCOUNT CREDITED
PAGE
11-1
7
DATE
PURCHASES JOURNAL
11/2/07
1
2.
Posting to an accounts payable ledger
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
WORK TOGETHER, p. 306
Posting to General and Subsidiary Ledgers • 253
BTE_Ch11-253-304.qxd
11/2/07
2:25 PM
Page 254
SECOND REVISED
11-1 WORK TOGETHER (concluded)
1., 2., 3., 4.
VENDOR
ACCOUNTS PAYABLE LEDGER
Art and Things
DATE
VENDOR NO.
POST.
REF.
ITEM
20 – –
G11
POST.
REF.
ITEM
20 – –
7 4 8 00
DEBIT
✔
CP15
1 8 1 4 00
8 2 8 00
9 8 6 00
VENDOR NO.
POST.
REF.
ITEM
20 – –
DEBIT
CP15
26
7 7 6 00
———
7 7 6 00
2 5 4 4 00
G11
Regal Designs
DATE
2 5 4 4 00
VENDOR NO.
POST.
REF.
ITEM
20 – –
DEBIT
CREDIT
✔
Oct. 1 Balance
19
P10
230
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
20
220
CREDIT
BALANCE
CREDIT
Electro-Graphics Supply
DATE
VENDOR
1 2 5 00
VENDOR NO.
Oct. 1 Balance
13
VENDOR
8 7 3 00
Can Do Graphics
DATE
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
28
VENDOR
DEBIT
210
240
CREDIT
BALANCE
8 7 7 00
1 4 0 3 20
2 2 8 0 20
5.
Graphics, Inc.
Schedule of Accounts Payable
October 31, 20 – –
Art and Things
7 4 8 00
Can Do Graphics
9 8 6 00
Electro-Graphics Supply
2 5 4 4 00
Regal Designs
2 2 8 0 20
Total Accounts Payable
6 5 5 8 20
254 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11
5130
Purchases Returns and Allowances
7
1 1 0 00
7 8 9 00
1 1 0 00
7 8 9 00
7
6
5
4
On Your
Own 11-3
On Your
Own 11-1, 11-3
4 8 9 00
(1110)
4 2 5 22 7 3 3 2 2 04
(5120)
On Your
Own 11-2, 11-3
On Your
Own 11-3
On Your
Own 11-3
(2110)
(Note: The journals in this problem are needed to complete On Your Own 11-3 and 11-4.
The general journal is also needed to complete On Your Own 11-2.)
Accounts Payable/Miller Supply
29 Accounts Payable/Franklin Mfg. Corp.
5
6
1150
2110
230
2110
220
M125
3
2
4 20
2140
1130
110
1
6 4 20
CREDIT
6 0 00
DEBIT
16
CM91 4130
DOC. POST.
NO.
REF.
PAGE
(✔)
1 6 4 8 25 3 3 2 3 7 26
4 8 9 00
1 2 4 20
CASH
CREDIT
5
20
24
23
19
18
On Your
Own 11-4
On Your
Own 11-3
On Your
Own 11-1
Date
27 Supplies—Store
Accounts Receivable/Mary Burgin
Sales Tax Payable
Sept. 15 Sales Returns and Allowances
20 – –
(✔)
4 2 1 5 8 25
CREDIT
PURCHASES
DISCOUNT
CREDIT
ACCOUNTS
PAYABLE
DEBIT
PAGE
Page 255
4
3
2
1
4.
ACCOUNT TITLE
30 Totals
23
DATE
648 230
22 Miller Supply
19
1 2 4 20
DEBIT
GENERAL
On Your
Own 11-4
4
(5110)(2110)
On Your
Own 11-1
3
23
4 8 5 7 5 25
3
11
1
22
2 4 8 5 00
PURCHASES DR.
ACCTS. PAY. CR.
9
Name
24
647 1150
POST.
REF.
21 Supplies—Store
GENERAL JOURNAL
ACCOUNT TITLE
CK.
NO.
1
2
458 240
PURCH. POST.
NO.
REF.
CASH PAYMENTS JOURNAL
18
3.
23
ACCOUNT CREDITED
PAGE
2:25 PM
DATE
30 Total
22
3
14 Swann Industries
11
DATE
PURCHASES JOURNAL
11/2/07
1
2.
Posting to an accounts payable ledger
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
11-1 ON YOUR OWN, p. 306
Posting to General and Subsidiary Ledgers • 255
BTE_Ch11-253-304.qxd
11/2/07
2:25 PM
Page 256
SECOND REVISED
11-1 ON YOUR OWN (concluded)
1., 2., 3., 4.
VENDOR
ACCOUNTS PAYABLE LEDGER
Best Supply Co.
DATE
VENDOR NO.
POST.
REF.
ITEM
20 – –
POST.
REF.
ITEM
DEBIT
✔
G16
1 2 4 8 25
1 1 0 00
1 1 3 8 25
VENDOR NO.
POST.
REF.
ITEM
20 – –
DEBIT
CP20
27
4 8 9 00
———
4 8 9 00
7 8 9 00
G16
Swann Industries
DATE
7 8 9 00
VENDOR NO.
POST.
REF.
ITEM
20 – –
DEBIT
CREDIT
✔
Sept. 1 Balance
14
P9
230
CREDIT
BALANCE
CREDIT
✔
Sept. 1 Balance
22
220
CREDIT
BALANCE
CREDIT
Miller Supply
DATE
3 4 8 2 00
VENDOR NO.
20 – –
VENDOR
3 4 8 2 00
P9
Sept. 1 Balance
29
VENDOR
———
Franklin Mfg. Corp.
DATE
CREDIT
BALANCE
CREDIT
✔
Sept. 1 Balance
3
VENDOR
DEBIT
210
240
CREDIT
BALANCE
1 2 4 8 00
2 4 8 5 00
3 7 3 3 00
5.
Amatera, Inc.
Schedule of Accounts Payable
September 30, 20 – –
Best Supply Co.
3 4 8 2 00
Franklin Mfg. Corp.
1 1 3 8 25
Miller Supply
7 8 9 00
Swann Industries
3 7 3 3 00
Total Accounts Payable
9 1 4 2 25
256 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11
31 Totals
POST.
REF.
84 140
SALE
NO.
SALES JOURNAL
SALES TAX
PAYABLE
CREDIT
6 9 6 0 00
(4110)
7 3 7 7 60
(1130)
3
10
(2140)
4 1 7 60
3 2 64
14
13
12
5
(2140)
SALES TAX
PAYABLE
CREDIT
PAGE
(4110)
5 4 4 00
SALES
CREDIT
ACCOUNTS
RECEIVABLE
DEBIT
5 7 6 64
2
(1130)
PAGE
7
2 5 4 40
CASH
DEBIT
12
(4120)
(1110)
3 1 40 25 7 4 7 80
SALES
DISCOUNT
DEBIT
Work
Together 11-4
6 3 6 0 00 18 3 2 0 00 1 0 9 9 20
2 5 4 40
1
CREDIT
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
6
19
18
17
3
9
1
Work
Together 11-4
Page 257
Date
(Note: The journals in this problem are also needed to complete Work Together 11-4.)
14
13
12
ACCOUNT DEBITED
20 Brandee Sparks
DATE
31 Totals
R104 130
DEBIT
GENERAL
5
Name
5
2.
19
18
17
21 Alfredo Lopez
ACCOUNT TITLE
POST.
REF.
4
3
2:25 PM
3
9
DATE
DOC.
NO.
2
11-2
1
CASH RECEIPTS JOURNAL
11/2/07
1
3.
Posting to an accounts receivable ledger
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
WORK TOGETHER, p. 314
Posting to General and Subsidiary Ledgers • 257
BTE_Ch11-253-304.qxd
11-2
11/2/07
2:25 PM
Page 258
SECOND REVISED
WORK TOGETHER (concluded)
1., 2., 3., 4.
CUSTOMER
ACCOUNTS RECEIVABLE LEDGER
David Bishop
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
3 4 8 75
2 3 8 50
G11
5 5 12
1 8 3 38
Maria Farrell
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DATE
2 8 6 20
CUSTOMER NO.
POST.
REF.
ITEM
DEBIT
S10
2 5 4 40
1 2 7 2 00
1 5 2 6 40
2 5 4 40
CR12
21
Brandee Sparks
DATE
1 2 7 2 00
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
✔
Oct. 1 Balance
20
130
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
12
120
DEBIT
BALANCE
CREDIT
Alfredo Lopez
20 – –
CUSTOMER
DEBIT
✔
Oct. 1 Balance
CUSTOMER
5 8 7 25
CR12
12
DATE
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
10
CUSTOMER
DEBIT
110
S10
CREDIT
140
DEBIT
BALANCE
2 1 2 00
5 7 6 64
7 8 8 64
5.
Graphics, Inc.
Schedule of Accounts Receivable
October 31, 20 – –
David Bishop
1 8 3 38
Maria Farrell
2 8 6 20
Alfredo Lopez
1 2 7 2 00
Brandee Sparks
Total Accounts Receivable
258 • Working Papers TE
7 8 8 64
2 5 3 0 22
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11
(2140)
2 1 5 8 00
(4120)
(1110)
27
26
3
21
1
On Your
Own 11-4
Page 259
Date
(Note: The journals used in this problem are also used to complete On Your Own 11-4.)
30
(4110)
7
CASH
DEBIT
18
2 2 3 00 80 6 6 7 75
SALES
DISCOUNT
DEBIT
PAGE
30
(1130)
29 4 8 4 25 48 1 5 8 25 3 2 4 8 25
2 1 5 8 00
SALES TAX
PAYABLE
CREDIT
6
On Your
Own 11-4
29
CREDIT
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
5
19
18
29
DEBIT
GENERAL
4
3
(2140)
17
8
28
30 Totals
R302 120
POST.
REF.
2
(4110)
1 9 7 0 36
9 6 20
28
27
26
3
ACCOUNT TITLE
19 Harris Evans
DATE
DOC.
NO.
(1130)
CASH RECEIPTS JOURNAL
1
1 3 7 4 30
30 1 1 8 36 28 1 4 8 00
1 4 7 0 50
SALES
CREDIT
3
SALES TAX
PAYABLE
CREDIT
9
Name
21
1
3.
19
POST.
REF.
354 140
SALE
NO.
ACCOUNTS
RECEIVABLE
DEBIT
PAGE
2:25 PM
18
30 Totals
17
ACCOUNT DEBITED
2
1
11-2
21 Davis Sullivan
DATE
SALES JOURNAL
11/2/07
8
2.
Posting to an accounts receivable ledger
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
ON YOUR OWN, p. 314
Posting to General and Subsidiary Ledgers • 259
BTE_Ch11-253-304.qxd
11/2/07
2:25 PM
Page 260
SECOND REVISED
11-2 ON YOUR OWN (concluded)
1., 2., 3., 4.
CUSTOMER
ACCOUNTS RECEIVABLE LEDGER
Mary Burgin
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
15
2 5 2 00
1 2 9 6 00
G16
6 4 20
1 2 3 1 80
POST.
REF.
ITEM
DEBIT
S9
2 1 5 8 00
1 5 7 8 50
CR18
19
3 7 3 6 50
2 1 5 8 00
Patrick Mussina
DATE
POST.
REF.
20 – –
DEBIT
CREDIT
✔
Sept. 1 Balance
DEBIT
BALANCE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
✔
Sept. 1 Balance
21
S9
130
1 1 4 2 00
Davis Sullivan
DATE
1 5 7 8 50
CUSTOMER NO.
ITEM
120
DEBIT
BALANCE
CREDIT
✔
Sept. 1 Balance
13
CUSTOMER
CR18
CUSTOMER NO.
20 – –
CUSTOMER
1 5 4 8 00
Harris Evans
DATE
DEBIT
BALANCE
CREDIT
✔
Sept. 1 Balance
6
CUSTOMER
DEBIT
110
CREDIT
140
DEBIT
BALANCE
5 6 4 00
1 4 7 0 50
2 0 3 4 50
5.
Amatera, Inc.
Schedule of Accounts Receivable
September 30, 20 – –
Mary Burgin
1 2 3 1 80
Harris Evans
1 5 7 8 50
Patrick Mussina
1 1 4 2 00
Davis Sullivan
2 0 3 4 50
Total Accounts Receivable
5 9 8 6 80
260 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
BTE_Ch11-253-304.qxd
11/2/07
2:25 PM
Page 261
SECOND REVISED
Name
Date
11-3 and 11-4
Class
WORK TOGETHER, pp. 319, 326
Posting to a general ledger
Posting special journals to a general ledger
1., 2., 3., 4., 5.
ACCOUNT
GENERAL LEDGER
Cash
DATE
ACCOUNT NO.
ITEM
20 – –
ITEM
POST.
REF.
18 7 0 4 16 20 2 7 9 22
31
CR12
CREDIT
DEBIT
7 3 7 7 60
8 6 6 2 33
6 3 6 0 00 2 3 0 2 33
POST.
REF.
26
CREDIT
DEBIT
CREDIT
3 8 2 4 00
CP15
6 9 60
3 8 9 3 60
G11
2 5 4 4 00
6 4 3 7 60
Accounts Payable
ITEM
Work
Together 11-3
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
31
P10
CREDIT
2 5 1 7 80
G11
G11
2110
BALANCE
DEBIT
✔
28
1145
BALANCE
DEBIT
✔
Oct. 1 Balance
19
Oct. 1 Balance
26
Work
Together 11-4
5 5 12 1 2 8 4 73
ACCOUNT NO.
20 – –
DATE
CREDIT
1 3 3 9 85
Supplies—Office
ITEM
1130
BALANCE
DEBIT
G11
S10
DATE
Work
Together 11-4
ACCOUNT NO.
31
31
38 9 8 3 38
✔
Oct. 1 Balance
12
CREDIT
13 2 3 5 58
Accounts Receivable
20 – –
20 – –
DEBIT
CP15
DATE
ACCOUNT
CREDIT
CR12 25 7 4 7 80
31
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
31
ACCOUNT
POST.
REF.
1110
2 5 4 4 00
1 2 5 00
4 9 3 6 80
11 8 1 8 40
CP15 8 6 5 6 00
5 0 6 1 80
16 7 5 5 20
8 0 9 9 20
Work
Together 11-3
Work
Together 11-4
(Note: The general ledger accounts used in this problem are needed to complete Work Together 11-4.)
Chapter 11
Posting to General and Subsidiary Ledgers • 261
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2:25 PM
Page 262
SECOND REVISED
11-3 and 11-4 WORK TOGETHER (continued)
ACCOUNT
Sales Tax Payable
DATE
ITEM
20 – –
ACCOUNT NO.
POST.
REF.
G11
31
S10
31
CR12
ACCOUNT
DEBIT
ITEM
3 12
1 4 0 6 88
4 1 7 60
1 8 2 4 48
1 0 9 9 20
2 9 2 3 68
POST.
REF.
31
DEBIT
233 3 3 5 00
6 9 6 0 00
240 2 9 5 00
CR12
18 3 2 0 00
258 6 1 5 00
CR12
DEBIT
20 – –
Oct. 1 Balance
12
262 • Working Papers TE
CREDIT
2 1 9 8 00
3 1 40
Work
Together 11-4
2 2 2 9 40
ACCOUNT NO.
POST.
REF.
4130
BALANCE
DEBIT
CREDIT
DEBIT
✔
G11
4120
CREDIT
Sales Returns and Allowances
ITEM
Work
Together 11-4
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
ACCOUNT NO.
20 – –
4110
S10
POST.
REF.
Work
Together 11-4
CREDIT
Sales Discount
ITEM
Work
Together 11-3
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
1 4 1 0 00
ACCOUNT NO.
20 – –
ACCOUNT
CREDIT
Sales
DATE
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
12
2140
CREDIT
9 0 3 00
5 2 00
9 5 5 00
Work
Together 11-3
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:25 PM
Page 263
SECOND REVISED
Name
Date
Class
11-3 and 11-4 WORK TOGETHER (concluded)
ACCOUNT
Purchases
DATE
ACCOUNT NO.
ITEM
20 – –
DEBIT
ITEM
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
Oct. 1 Balance
28
CREDIT
1 2 5 8 85
CP15
ITEM
1 2 8 48
1 3 8 7 33
ACCOUNT NO.
POST.
REF.
5120
BALANCE
DEBIT
Purchases Returns and Allowances
DATE
Work
Together 11-4
118 3 7 8 00
✔
Oct. 1 Balance
31
CREDIT
106 5 5 9 60
P10 11 8 1 8 40
20 – –
20 – –
CREDIT
Purchases Discount
DATE
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
31
ACCOUNT
POST.
REF.
5110
Work
Together 11-4
5130
BALANCE
DEBIT
CREDIT
DEBIT
✔
G11
Chapter 11
CREDIT
1 9 0 1 35
1 2 5 00
2 0 2 6 35
Work
Together 11-3
Posting to General and Subsidiary Ledgers • 263
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11/2/07
2:25 PM
Page 264
SECOND REVISED
11-3 and 11-4 ON YOUR OWN, pp. 319, 326
Posting to a general ledger
Posting special journals to a general ledger
1., 2., 3., 4., 5.
ACCOUNT
GENERAL LEDGER
Cash
DATE
ACCOUNT NO.
ITEM
20 – –
DEBIT
93 1 5 5 85
20 – –
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
41 1 6 5 16
Supplies—Store
ACCOUNT NO.
ITEM
20 – –
POST.
REF.
27
CREDIT
DEBIT
20 – –
Sept. 1 Balance
27
CP20
1 2 4 20
3 2 8 2 20
G16
7 8 9 00
4 0 7 1 20
On Your
Own 11-3
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
30
P9
CREDIT
21 4 8 2 20
G16
G16
2110
BALANCE
DEBIT
✔
29
30
CREDIT
3 1 5 8 00
Accounts Payable
ITEM
1150
BALANCE
DEBIT
✔
Sept. 1 Balance
21
DATE
On Your
Own 11-4
29 4 8 4 25 11 6 8 0 91
CR18
DATE
On Your
Own 11-3
6 4 20 11 0 4 6 80
S9 30 1 1 8 36
30
CREDIT
11 1 1 1 00
G16
30
1130
BALANCE
DEBIT
✔
Sept. 1 Balance
15
On Your
Own 11-4
73 3 2 2 04 19 8 3 3 81
Accounts Receivable
ITEM
CREDIT
12 4 8 8 10
CP20
DATE
ACCOUNT
CREDIT
CR18 80 6 6 7 75
30
ACCOUNT
BALANCE
DEBIT
✔
Sept. 1 Balance
30
ACCOUNT
POST.
REF.
1110
7 8 9 00
1 1 0 00
22 1 6 1 20
48 5 7 5 25
CP20 33 2 3 7 26
22 2 7 1 20
70 7 3 6 45
37 4 9 9 19
On Your
Own 11-3
On Your
Own 11-4
(Note: The general ledger accounts used in this problem are needed to complete On Your Own 11-4.)
264 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:25 PM
Page 265
SECOND REVISED
Name
Date
Class
11-3 and 11-4 ON YOUR OWN (continued)
ACCOUNT
Sales Tax Payable
DATE
ITEM
20 – –
POST.
REF.
2140
BALANCE
DEBIT
CREDIT
DEBIT
CREDIT
✔
Sept. 1 Balance
15
5 2 1 8 61
4 20
G16
5 2 1 4 41
30
S9
1 9 7 0 36
7 1 8 4 77
30
CR18
3 2 4 8 25
10 4 3 3 02
ACCOUNT
Sales
DATE
ACCOUNT NO.
ITEM
20 – –
30
ACCOUNT
20 – –
DEBIT
28 1 4 8 00
436 8 9 0 25
CR18
48 1 5 8 25
485 0 4 8 50
CR18
Sept. 1 Balance
15
ITEM
4120
CREDIT
DEBIT
CREDIT
2 1 9 8 00
2 2 3 00
On Your
Own 11-4
2 4 2 1 00
ACCOUNT NO.
POST.
REF.
On Your
Own 11-4
BALANCE
DEBIT
Sales Returns and Allowances
DATE
CREDIT
408 7 4 2 25
✔
Sept. 1 Balance
30
4110
S9
POST.
REF.
On Your
Own 11-4
CREDIT
ACCOUNT NO.
ITEM
On Your
Own 11-3
BALANCE
DEBIT
Sales Discount
DATE
ACCOUNT
POST.
REF.
✔
Sept. 1 Balance
30
20 – –
ACCOUNT NO.
4130
BALANCE
DEBIT
DEBIT
✔
G16
Chapter 11
CREDIT
CREDIT
5 1 2 3 00
6 0 00
5 1 8 3 00
On Your
Own 11-3
Posting to General and Subsidiary Ledgers • 265
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11/2/07
2:26 PM
Page 266
SECOND REVISED
11-3 and 11-4 ON YOUR OWN (concluded)
ACCOUNT
Purchases
DATE
ACCOUNT NO.
ITEM
20 – –
Sept. 1 Balance
30
ACCOUNT
BALANCE
DEBIT
CREDIT
DEBIT
ITEM
20 – –
212 1 8 4 66
P9 48 5 7 5 25
260 7 5 9 91
POST.
REF.
CREDIT
DEBIT
20 – –
Sept. 1 Balance
29
266 • Working Papers TE
CREDIT
3 4 7 8 25
4 2 5 22
CP20
ITEM
3 9 0 3 47
ACCOUNT NO.
POST.
REF.
On Your
Own 11-4
5130
BALANCE
DEBIT
CREDIT
DEBIT
✔
G16
5120
BALANCE
DEBIT
Purchases Returns and Allowances
DATE
On Your
Own 11-4
ACCOUNT NO.
✔
Sept. 1 Balance
30
CREDIT
✔
Purchases Discount
DATE
ACCOUNT
POST.
REF.
5110
CREDIT
3 2 7 6 00
1 1 0 00
3 3 8 6 00
On Your
Own 11-3
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BTE_Ch11-253-304.qxd
11/2/07
2:26 PM
Page 267
SECOND REVISED
Name
Date
11-5
Class
WORK TOGETHER, p. 329
Journalizing and posting correcting entries affecting customer accounts
1.
GENERAL JOURNAL
DATE
DOC.
NO.
ACCOUNT TITLE
3 Howell Clinic
6
PAGE
M57 160
Howsley Dance Studio
7
POST.
REF.
DEBIT
6
CREDIT
4 1 4 99
170
6
4 1 4 99
7
8
8
9
9
2.
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
Howell Clinic
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
June 3
CUSTOMER
G6
DEBIT
DEBIT
BALANCE
CREDIT
4 1 4 99
4 1 4 99
Howsley Dance Studio
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
CREDIT
✔
June 1 Balance
3
G6
Chapter 11
160
170
DEBIT
BALANCE
4 1 4 99
4 1 4 99
———
Posting to General and Subsidiary Ledgers • 267
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11-5
11/2/07
2:26 PM
Page 268
SECOND REVISED
ON YOUR OWN, p. 329
Journalizing and posting correcting entries affecting customer accounts
1.
GENERAL JOURNAL
DATE
DOC.
NO.
ACCOUNT TITLE
4 Kellogg Co.
5
PAGE
M76 150
Keller Corp.
6
POST.
REF.
DEBIT
7
CREDIT
7 1 5 98
140
5
7 1 5 98
6
7
7
8
8
9
9
10
10
2.
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
Keller Corp.
DATE
CUSTOMER NO.
ITEM
20 – –
DEBIT
7 1 5 98
7 1 5 98
G7
Kellogg Co.
DATE
20 – –
July 4
268 • Working Papers TE
DEBIT
BALANCE
CREDIT
✔
July 1 Balance
4
CUSTOMER
POST.
REF.
———
CUSTOMER NO.
ITEM
POST.
REF.
G7
140
DEBIT
7 1 5 98
CREDIT
150
DEBIT
BALANCE
7 1 5 98
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 269
SECOND REVISED
Name
Date
11-1
Class
APPLICATION PROBLEM, p. 331
Posting to an accounts payable ledger
2.
PURCHASES JOURNAL
DATE
PAGE
PURCH. POST.
NO.
REF.
ACCOUNT CREDITED
20 – –
10
PURCHASES DR.
ACCTS. PAY. CR.
Oct. 4 Nutrition Center
20 Cornucopia, Inc.
78
230
2 0 1 6 00
1
79
210
4 5 8 4 00
2
3
25 Sports Nutrition
80
250
5 4 0 0 00
3
4
30 Healthy Foods
81
220
3 3 9 6 00
4
1
2
1., 2.
ACCOUNTS PAYABLE LEDGER
VENDOR
Cornucopia, Inc.
DATE
VENDOR NO.
POST.
REF.
ITEM
20 – –
CP10
20
P10
25
G10
3 0 9 0 00
———
3 0 9 0 00
4 5 8 4 00
1 2 4 00
4 5 8 4 00
4 4 6 0 00
Healthy Foods
DATE
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
3
VENDOR
DEBIT
VENDOR NO.
POST.
REF.
ITEM
20 – –
DEBIT
CREDIT
✔
Oct. 1 Balance
6
CP10
30
P10
Chapter 11
210
220
CREDIT
BALANCE
5 0 6 4 00
———
5 0 6 4 00
3 3 9 6 00
3 3 9 6 00
Posting to General and Subsidiary Ledgers • 269
BTE_Ch11-253-304.qxd
11-1
VENDOR
11/2/07
2:26 PM
Page 270
APPLICATION PROBLEM (continued)
Nutrition Center
DATE
VENDOR NO.
ITEM
20 – –
Oct. 4
28
VENDOR
POST.
REF.
DEBIT
CP10
VENDOR NO.
20 – –
Oct. 9
POST.
REF.
DEBIT
Sports Nutrition
20 – –
Oct. 1 Balance
15
25
270 • Working Papers TE
9 6 00
VENDOR NO.
ITEM
POST.
REF.
DEBIT
CREDIT
✔
CP10
P10
240
CREDIT
BALANCE
CREDIT
9 6 00
G10
DATE
2 0 1 6 00
———
2 0 1 6 00
Office Center
ITEM
230
CREDIT
BALANCE
CREDIT
2 0 1 6 00
P10
DATE
VENDOR
SECOND REVISED
250
CREDIT
BALANCE
4 5 1 2 00
———
4 5 1 2 00
5 4 0 0 00
5 4 0 0 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
DATE
Chapter 11
DOC.
NO.
POST.
REF.
DEBIT
10
1 2 4 00
4
3
2
6
1 2 4 00
9 6 00
1
6
210
240
9 6 00
5
Purchases Returns and Allowances
DM36
M26
CREDIT
5
4
25 Accounts Payable/Cornucopia, Inc.
3
ACCOUNT TITLE
Accounts Payable/Office Center
Oct. 9 Supplies—Office
20 – –
DATE
PAGE
8
Name
2
1
8
GENERAL JOURNAL
4
3
2
1
7
2 0 1 6 00
4 5 1 2 00
4 9 6 2 72
3 0 2 8 20
7
1 0 1 28
6 1 80
6
2 0 1 6 00
4 5 1 2 00
5 0 6 4 00
3 0 9 0 00
5
CASH
CREDIT
6
187 230
28 Nutrition Center
4
CREDIT
PURCHASES
DISCOUNT
CREDIT
ACCOUNTS
PAYABLE
DEBIT
10
5
186 250
15 Sports Nutrition
3
DEBIT
GENERAL
PAGE
5
185 220
184 210
6 Healthy Foods
ACCOUNT TITLE
POST.
REF.
4
3
2:26 PM
2
Oct. 3 Cornucopia, Inc.
20 – –
CK.
NO.
2
11-1
1 z
1
CASH PAYMENTS JOURNAL
11/2/07
1
2.
Posting to an accounts payable ledger
BTE_Ch11-253-304.qxd
Page 271
SECOND REVISED
Date
Class
APPLICATION PROBLEM (continued)
Posting to General and Subsidiary Ledgers • 271
BTE_Ch11-253-304.qxd
11-1
1 z
11/2/07
2:26 PM
Page 272
SECOND REVISED
APPLICATION PROBLEM (concluded)
3.
Healthy Nutrition
Schedule of Accounts Payable
October 31, 20 – –
Cornucopia, Inc.
4 4 6 0 00
Healthy Foods
3 3 9 6 00
Office Center
Sports Nutrition
Total Accounts Payable
272 • Working Papers TE
9 6 00
5 4 0 0 00
1 3 3 5 2 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
BTE_Ch11-253-304.qxd
11/2/07
2:26 PM
Page 273
SECOND REVISED
Name
Date
11-2
Class
APPLICATION PROBLEM, p. 331
Posting to an accounts receivable ledger
2.
SALES JOURNAL
DATE
SALE
NO.
ACCOUNT DEBITED
20 – –
1
2
Oct. 6 Southwest Community Club
9 Children’s Center
PAGE
POST.
REF.
10
1
2
3
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
69 140
3 0 0 1 92
2 8 3 2 00
1 6 9 92
1
70 110
1 7 5 5 36
1 6 5 6 00
9 9 36
2
3
12 Eastman Sports Arena
71 120
1 1 1 9 36
1 0 5 6 00
6 3 36
3
4
25 Maple Tree Club
72 130
2 5 4 4 00
2 4 0 0 00
1 4 4 00
4
1., 2.
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
Children’s Center
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
S10
POST.
REF.
ITEM
DEBIT
S10
2 2 2 0 00
1 1 1 9 36
3 3 3 9 36
2 2 2 0 00
CR10
Maple Tree Club
DATE
1 1 1 9 36
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
3 5 2 8 00
3 5 2 8 00
CR10
25
S10
29
G10
———
2 5 4 4 00
2 5 4 4 00
1 2 7 20
Southwest Community Club
2 4 1 6 80
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
Oct. 6
S10
Chapter 11
130
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
24
120
DEBIT
BALANCE
CREDIT
✔
14
DATE
1 7 5 5 36
1 7 5 5 36
CUSTOMER NO.
20 – –
CUSTOMER
4 4 1 6 00
Eastman Sports Arena
Oct. 1 Balance
12
CUSTOMER
4 4 1 6 00
CR10
9
DATE
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
5
CUSTOMER
DEBIT
110
DEBIT
3 0 0 1 92
CREDIT
140
DEBIT
BALANCE
3 0 0 1 92
Posting to General and Subsidiary Ledgers • 273
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11-2
11/2/07
2:26 PM
Page 274
SECOND REVISED
APPLICATION PROBLEM (continued)
2.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
20 – –
1
2
3
Oct. 29 Sales Returns and Allowances
PAGE
DOC.
NO.
POST.
REF.
CM6
Sales Tax Payable
Accounts Receivable/Maple Tree Club
130
DEBIT
10
CREDIT
1 2 0 00
1
7 20
2
1 2 7 20
3
4
4
5
5
6
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
31
31
32
32
33
33
274 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
7
7
8
6
6
8
5
3
5
3 5 2 8 00
3 5 2 8 00
R172 130
24 Maple Tree Club
2
4
2 2 2 0 00
2 2 2 0 00
1
4
3
7
CASH
DEBIT
R171 120
SALES
DISCOUNT
DEBIT
10
2:26 PM
2
SALES TAX
PAYABLE
CREDIT
PAGE
4 4 1 6 00
CREDIT
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
6
4 4 1 6 00
DEBIT
GENERAL
5
R170 110
ACCOUNT TITLE
POST.
REF.
4
3
Oct. 5 Children’s Center
14 Eastman Sports Arena
20 – –
DATE
DOC.
NO.
2
11-2
1
CASH RECEIPTS JOURNAL
11/2/07
1
2.
BTE_Ch11-253-304.qxd
Page 275
SECOND REVISED
Name
Date
Chapter 11
Class
APPLICATION PROBLEM (continued)
Posting to General and Subsidiary Ledgers • 275
BTE_Ch11-253-304.qxd
11-2
11/2/07
2:26 PM
Page 276
SECOND REVISED
APPLICATION PROBLEM (concluded)
3.
Healthy Nutrition
Schedule of Accounts Receivable
October 31, 20 – –
Children’s Center
1 7 5 5 36
Eastman Sports Arena
1 1 1 9 36
Maple Tree Club
2 4 1 6 80
Southwest Community Club
3 0 0 1 92
Total Accounts Receivable
8 2 9 3 44
276 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
POST.
REF.
Chapter 11
POST.
REF.
DEBIT
14
15
16
17
18
14
15
16
17
18
11
13
1 2 5 00
10
13
1 2 5 00
CREDIT
12
2110
240
M31 1150
DOC.
NO.
11
(2110)
(✔)
PAGE
14 6 8 2 00
12
Accounts Payable/Office Center
28 Supplies—Office
ACCOUNT TITLE
CREDIT
6 0 6 1 00
1 6 1 5 20
1 4 4 0 00
1 2 0 0 00
DEBIT
(5120)
(1110)
23
22
21
1 5 4 25 20 5 8 8 75
2
1
10
1 4 4 0 00
1 2 0 0 00
CASH
CREDIT
5
11
1 6 1 5 20
PURCHASES
DISCOUNT
CREDIT
ACCOUNTS
PAYABLE
DEBIT
PAGE
Name
11
10
23
DATE
30 Totals
21
GENERAL JOURNAL
211 2120
15 Sales Tax Payable
10
22
203 1170
202 6160
CK.
NO.
2 Prepaid Insurance
ACCOUNT TITLE
4
3
2:26 PM
2
Nov. 1 Rent Expense
20 – –
DATE
GENERAL
2
11-3
1
CASH PAYMENTS JOURNAL
11/2/07
1
2.
Posting to a general ledger
BTE_Ch11-253-304.qxd
Page 277
SECOND REVISED
Date
Class
APPLICATION PROBLEM, p. 332
Posting to General and Subsidiary Ledgers • 277
BTE_Ch11-253-304.qxd
11-3
11/2/07
2:26 PM
Page 278
SECOND REVISED
APPLICATION PROBLEM (continued)
(Note: The ledger accounts used in this problem are also used in Application Problem 11-4.)
1., 2.
GENERAL LEDGER
ACCOUNT
Cash
DATE
ACCOUNT NO.
ITEM
20 – –
DEBIT
20 – –
20 5 8 8 75 31 4 1 5 49
ACCOUNT NO.
POST.
REF.
S11
30
CREDIT
DEBIT
17 6 8 2 92
11-4
8 4 2 0 64 9 2 6 2 28
11-4
9 2 6 2 28
Supplies—Office
ACCOUNT NO.
ITEM
20 – –
POST.
REF.
G11
CREDIT
DEBIT
20 – –
Nov. 1 Balance
2
278 • Working Papers TE
CREDIT
4 4 1 6 00
1 2 5 00
4 5 4 1 00
Prepaid Insurance
ITEM
ACCOUNT NO.
POST.
REF.
1150
BALANCE
DEBIT
✔
Nov. 1 Balance
28
DATE
CREDIT
8 4 2 0 64
CR11
DATE
1130
BALANCE
DEBIT
✔
Nov. 1 Balance
30
11-4
52 0 0 4 24
Accounts Receivable
ITEM
CREDIT
21 9 6 0 00
CP11
DATE
ACCOUNT
CREDIT
CR11 30 0 4 4 24
30
ACCOUNT
BALANCE
DEBIT
✔
Nov. 1 Balance
30
ACCOUNT
POST.
REF.
1110
1170
BALANCE
DEBIT
CREDIT
DEBIT
✔
CREDIT
1 8 7 0 00
CP11 1 4 4 0 00
3 3 1 0 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 279
SECOND REVISED
Name
Date
11-3
ACCOUNT
APPLICATION PROBLEM (continued)
Accounts Payable
DATE
ITEM
20 – –
30
POST.
REF.
ITEM
20 – –
CREDIT
15 3 9 6 00
G11
1 2 5 00
15 5 2 1 00
P11
16 1 6 5 80
31 6 8 6 80
POST.
REF.
CP11
S11
30
CR11
CREDIT
DEBIT
20 – –
1 6 1 5 20
1 6 1 5 20
5 2 4 28
5 2 4 28
11-4
1 2 3 1 20
1 7 5 5 48
11-4
POST.
REF.
30
CREDIT
DEBIT
Nov. 1 Balance
30
CREDIT
206 9 0 4 00
S11
8 7 3 8 00
215 6 4 2 00
11-4
CR11
20 5 2 0 00
236 1 6 2 00
11-4
Sales Discount
ACCOUNT NO.
ITEM
4110
BALANCE
DEBIT
✔
Nov. 1 Balance
30
DATE
CREDIT
ACCOUNT NO.
ITEM
2120
BALANCE
DEBIT
Sales
DATE
11-4
17 0 0 4 80
ACCOUNT NO.
30
ACCOUNT
DEBIT
✔
Nov. 1 Balance
15
ACCOUNT
CREDIT
Sales Tax Payable
DATE
2110
BALANCE
DEBIT
CP11 14 6 8 2 00
30
20 – –
ACCOUNT NO.
✔
Nov. 1 Balance
28
ACCOUNT
Class
POST.
REF.
BALANCE
DEBIT
CREDIT
DEBIT
✔
CR11
4120
CREDIT
2 0 5 1 23
1 2 7 60
Chapter 11
2 1 7 8 83
11-4
Posting to General and Subsidiary Ledgers • 279
BTE_Ch11-253-304.qxd
11-3
ACCOUNT
11/2/07
2:26 PM
Purchases
ACCOUNT NO.
ITEM
20 – –
POST.
REF.
P11
CREDIT
DEBIT
ITEM
20 – –
16 1 6 5 80
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
Nov. 1 Balance
1
280 • Working Papers TE
CREDIT
1 8 4 5 22
CP11
1 5 4 25
1 9 9 9 47
ACCOUNT NO.
ITEM
POST.
REF.
6160
BALANCE
DEBIT
CREDIT
DEBIT
✔
CP11
5120
BALANCE
DEBIT
Rent Expense
20 – –
11-4
131 9 6 5 80
✔
Nov. 1 Balance
30
DATE
CREDIT
115 8 0 0 00
Purchases Discount
DATE
5110
BALANCE
DEBIT
✔
Nov. 1 Balance
30
ACCOUNT
SECOND REVISED
APPLICATION PROBLEM (concluded)
DATE
ACCOUNT
Page 280
CREDIT
12 0 0 0 00
1 2 0 0 00
13 2 0 0 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Chapter 11
20
DEBIT
GENERAL
CREDIT
2
13
7
CASH
DEBIT
11
(4110)
(2120)
(1110)
(4120)
SALES
DISCOUNT
DEBIT
PAGE
(1130)
SALES TAX
PAYABLE
CREDIT
6
1 2 7 60 30 0 4 4 24
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
5
8 4 2 0 64 20 5 2 0 00 1 2 3 1 20
4
3
(5110)(2110) 14
16 1 6 5 80
PURCHASES DR.
ACCTS. PAY. CR.
11
12
20
19
1
Date
30 Totals
ACCOUNT TITLE
DOC. POST.
NO.
REF.
1
CASH RECEIPTS JOURNAL
PURCH. POST.
NO.
REF.
PAGE
(2120)
11
Name
19
DATE
30 Total
ACCOUNT CREDITED
(4110)
(1130)
5 2 4 28
Page 281
1
14
13
DATE
PURCHASES JOURNAL
8 7 3 8 00
9 2 6 2 28
SALES TAX
PAYABLE
CREDIT
3
11
2:26 PM
12
30 Totals
ACCOUNT DEBITED
SALES
CREDIT
ACCOUNTS
RECEIVABLE
DEBIT
PAGE
11/2/07
11
DATE
POST.
REF.
2
1
11-4
SALE
NO.
SALES JOURNAL
Posting special journal column totals to a general ledger
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
APPLICATION PROBLEM, p. 332
Posting to General and Subsidiary Ledgers • 281
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11-5
11/2/07
2:26 PM
Page 282
SECOND REVISED
APPLICATION PROBLEM, pp. 332, 333
Journalizing and posting correcting entries affecting customer accounts
1., 2.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
20 – –
1
July 14 Mark Ford
PAGE
DOC.
NO.
POST.
REF.
M37 145
2
Andrew Forde
150
3
15 Sandy Patterson
M38 190
Daniel Patrick
185
4
DEBIT
6
CREDIT
2 5 3 32
1
2 5 3 32
3 8 4 50
2
3
3 8 4 50
4
5
5
6
6
7
7
8
8
282 • Working Papers TE
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Page 283
SECOND REVISED
Name
Date
11-5
Class
APPLICATION PROBLEM (concluded)
2.
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
Mark Ford
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
G6
POST.
REF.
ITEM
20 – –
3 5 1 52
DEBIT
S12
1 2 8 00
2 5 3 32
G6
3 8 1 32
2 5 3 32
Daniel Patrick
DATE
POST.
REF.
ITEM
DEBIT
S12
6 0 00
3 8 4 50
G6
15
4 4 4 50
3 8 4 50
Sandy Patterson
6 0 00
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
✔
July 1 Balance
15
G6
Chapter 11
185
DEBIT
BALANCE
CREDIT
✔
July 1 Balance
8
DATE
1 2 8 00
CUSTOMER NO.
20 – –
150
DEBIT
BALANCE
CREDIT
✔
14
CUSTOMER
2 5 3 32
CUSTOMER NO.
July 1 Balance
5
CUSTOMER
9 8 20
Andrew Forde
DATE
DEBIT
BALANCE
CREDIT
✔
July 1 Balance
14
CUSTOMER
DEBIT
145
CREDIT
190
DEBIT
BALANCE
1 2 5 00
3 8 4 50
5 0 9 50
Posting to General and Subsidiary Ledgers • 283
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11/2/07
2:26 PM
Page 284
SECOND REVISED
MASTERY PROBLEM, p. 333
Posting to general and subsidiary ledgers
1., 2.
SALES JOURNAL
DATE
20 – –
1
2
ACCOUNT DEBITED
Oct. 4 Jerome Lewis
12 Douglas Rieves
SALE
NO.
PAGE
POST.
REF.
10
1
2
3
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
658 130
2 2 7 6 88
2 1 4 8 00
1 2 8 88
1
659 140
3 7 3 12
3 5 2 00
2 1 12
2
3
15 Amy Carson
660 110
2 0 6 4 88
1 9 4 8 00
1 1 6 88
3
4
23 John Frazier
661 120
1 5 6 3 50
1 4 7 5 00
8 8 50
4
5
31 Totals
6 2 7 8 38
5 9 2 3 00
3 5 5 38
5
6
(1130)
(4110)
(2120)
6
7
7
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
284 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 285
SECOND REVISED
Name
Date
11-6
Class
MASTERY PROBLEM (continued)
1., 2.
PURCHASES JOURNAL
DATE
ACCOUNT CREDITED
20 – –
1
2
Oct. 5 Harman Supply
18 Mixon Industries
PAGE
PURCH. POST.
NO.
REF.
10
PURCHASES DR.
ACCTS. PAY. CR.
345 220
5 2 1 5 34
1
346 230
6 2 5 1 38
2
3
22 Alford Salvage
347 210
8 1 2 5 45
3
4
25 Reliable Auto
348 240
4 2 1 5 88
4
5
28 Harman Supply
349 220
3 6 4 8 80
5
6
30 Mixon Industries
350 230
2 5 1 5 84
6
7
31 Total
29 9 7 2 69
7
(5110)(2110)
8
8
9
9
10
10
11
11
12
12
13
13
14
14
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
Chapter 11
Posting to General and Subsidiary Ledgers • 285
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11-6
11/2/07
2:26 PM
Page 286
SECOND REVISED
MASTERY PROBLEM (continued)
1.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
M77
120
8 2 5 00
20 – –
1
2
Oct. 3 John Frazier
110
Amy Carson
10
CREDIT
1
8 2 5 00
2
3
5
6
7
8
9
10
11
24 Accounts Payable/Alford Salvage
DM97
CM151
Sales Tax Payable
Accounts Payable/Mixon Industries
12
M78
4
1 5 0 00
5
4130
3 0 0 00
6
2120
1 8 00
7
1130
130
Accounts Receivable/Jerome Lewis
28 Supplies—Store
1 5 0 00
5130
Purchases Returns and Allowances
25 Sales Returns and Allowances
2110
210
1160
2110
230
3 1 8 00
8
2 7 5 00
9
2 7 5 00
10
11
12
286 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
R625 120
TS32 ✔
R626 140
TS33 ✔
R627 110
TS34 ✔
12 John Frazier
17 ✔
19 Douglas Rieves
24 ✔
26 Amy Carson
31 ✔
31 Totals
4
5
6
7
8
9
10
5 2 5 8 00
5 7 4 8 00
3 6 8 06
4 0 2 36
3 8 4 65
Chapter 11
14
11
14
(1110)
13
(4120)
13
(2120)
10
9
8
7
6
12
(4110)
5 6 2 6 06
4 1 1 84
5 1 83 34 7 8 3 77
8 41
6 1 5 0 36
1 6 9 4 34
5
4
4 3 42 2 1 2 7 43
5 8 7 9 65
3
2
6 4 2 4 28
5 6 1 5 36
1
12
(1130)
5 1 3 9 89 27 7 5 3 00 1 9 4 2 71
4 2 0 25
1 6 9 4 34
5 4 9 5 00
4 2 0 28
3 6 7 36
8 5 4 45
7
CASH
DEBIT
SALES
DISCOUNT
DEBIT
14
SALES TAX
PAYABLE
CREDIT
PAGE
6
5
2:26 PM
11
TS31 ✔
10 ✔
2 1 7 0 85
8 5 4 45
6 0 0 4 00
———
CREDIT
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
5 2 4 8 00
———
DEBIT
4
3
TS30 ✔
R624 130
3
2
Oct. 1 Jerome Lewis
3 ✔
20 – –
GENERAL
2
11/2/07
1
ACCOUNT TITLE
DOC. POST.
NO.
REF.
1
CASH RECEIPTS JOURNAL
11-6
DATE
1., 2.
BTE_Ch11-253-304.qxd
Page 287
SECOND REVISED
Name
Date
Class
MASTERY PROBLEM (continued)
Posting to General and Subsidiary Ledgers • 287
785 230
790 220
787 240
788 220
789 6110
786 6140
791 1160
792 230
793 1150
8 Mixon Industries
11 Harman Supply
12 Reliable Auto
13 Harman Supply
14 Advertising Expense
20 Miscellaneous Expense
24 Supplies—Store
27 Mixon Industries
30 Supplies—Office
4
5
6
7
8
9
10
11
12
288 • Working Papers TE
15
14
1 2 5 03
(✔)
7 2 6 2 92
4 2 5 17
(2110)
20 1 0 6 21
(5120)
(1110)
2 6 9 48 27 0 9 9 65
4 2 5 17
6 1 2 6 35
3 5 2 25
3 5 2 25
6 2 5 1 38
2 3 4 25
2 3 4 25
5 2 1 5 34
2 5 0 0 00
5 2 1 5 34
3 4 4 5 03
7 0 31
3 5 1 5 34
2 1 1 5 28
1 4 1 7 25
4 3 17
2 1 5 8 45
1 5 1 7 48
1 4 1 7 25
3 0 97
1 5 4 8 45
7 5 1 25
3 0 0 0 00
2 5 0 0 00
———
CREDIT
5
CASH
CREDIT
PURCHASES
DISCOUNT
CREDIT
13
ACCOUNTS
PAYABLE
DEBIT
PAGE
4
3
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
2:26 PM
31 Totals
784 210
7 Alford Salvage
3
7 5 1 25
3 0 0 0 00
DEBIT
GENERAL
2
11/2/07
13
783 6190
782 6160
4 Utilities Expense
Oct. 2 Rent Expense
POST.
REF.
2
1
20 – –
ACCOUNT TITLE
CK.
NO.
1
CASH PAYMENTS JOURNAL
11-6
DATE
1., 2.
BTE_Ch11-253-304.qxd
Page 288
SECOND REVISED
MASTERY PROBLEM (continued)
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 289
SECOND REVISED
Name
Date
11-6
Class
MASTERY PROBLEM (continued)
1., 2.
GENERAL LEDGER
ACCOUNT
Cash
DATE
ACCOUNT NO.
ITEM
20 – –
ITEM
27 0 9 9 65 28 1 0 4 37
ACCOUNT NO.
POST.
REF.
S10
31
CR14
CREDIT
DEBIT
3 1 8 00 4 8 2 1 89
6 2 7 8 38
11 1 0 0 27
5 1 3 9 89 5 9 6 0 38
ACCOUNT NO.
ITEM
20 – –
POST.
REF.
CP13
CREDIT
DEBIT
4 2 5 17
2 9 3 9 37
ACCOUNT NO.
20 – –
POST.
REF.
24
CREDIT
DEBIT
Oct. 1 Balance
24
CREDIT
2 5 1 4 00
G10
2 7 5 00
2 7 8 9 00
CP13
3 5 2 25
3 1 4 1 25
Accounts Payable
ITEM
ACCOUNT NO.
POST.
REF.
2110
BALANCE
DEBIT
CREDIT
DEBIT
✔
G10
1160
BALANCE
DEBIT
✔
Oct. 1 Balance
28
DATE
CREDIT
2 5 1 4 20
Supplies—Store
ITEM
1150
BALANCE
DEBIT
✔
Oct. 1 Balance
30
DATE
CREDIT
5 1 3 9 89
Supplies—Office
DATE
1130
BALANCE
DEBIT
G10
31
20 – –
55 2 0 4 02
✔
Oct. 1 Balance
25
CREDIT
20 4 2 0 25
Accounts Receivable
20 – –
ACCOUNT
DEBIT
CP13
DATE
ACCOUNT
CREDIT
CR14 34 7 8 3 77
31
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
31
ACCOUNT
POST.
REF.
1110
CREDIT
8 6 3 9 49
1 5 0 00
8 4 8 9 49
28
G10
2 7 5 00
8 7 6 4 49
31
P10
29 9 7 2 69
38 7 3 7 18
31
CP13 20 1 0 6 21
Chapter 11
18 6 3 0 97
Posting to General and Subsidiary Ledgers • 289
BTE_Ch11-253-304.qxd
11-6
ACCOUNT
11/2/07
2:26 PM
Page 290
SECOND REVISED
MASTERY PROBLEM (continued)
Sales Tax Payable
DATE
ITEM
20 – –
ACCOUNT NO.
POST.
REF.
G10
31
S10
31
CR14
ACCOUNT
DEBIT
ITEM
8 2 4 25
1 8 00
8 0 6 25
3 5 5 38
1 1 6 1 63
1 9 4 2 71
3 1 0 4 34
POST.
REF.
31
CREDIT
DEBIT
S10
5 9 2 3 00
220 6 3 8 25
CR14
27 7 5 3 00
248 3 9 1 25
ACCOUNT NO.
20 – –
POST.
REF.
CR14
CREDIT
DEBIT
20 – –
Oct. 1 Balance
25
290 • Working Papers TE
CREDIT
5 0 1 35
5 1 83
5 5 3 18
Sales Returns and Allowances
ITEM
ACCOUNT NO.
POST.
REF.
4130
BALANCE
DEBIT
CREDIT
DEBIT
✔
G10
4120
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
214 7 1 5 25
Sales Discount
ITEM
4110
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
ACCOUNT NO.
20 – –
ACCOUNT
CREDIT
Sales
DATE
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
25
2120
CREDIT
1 5 9 3 50
3 0 0 00
1 8 9 3 50
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 291
SECOND REVISED
Name
11-6
ACCOUNT
Date
MASTERY PROBLEM (continued)
Purchases
DATE
ACCOUNT NO.
POST.
REF.
ITEM
Oct. 1 Balance
31
POST.
REF.
ITEM
170 6 5 7 03
CREDIT
DEBIT
2 6 9 48
2 3 1 4 73
ACCOUNT NO.
POST.
REF.
CREDIT
DEBIT
1 5 0 00
2 6 2 7 00
Advertising Expense
Oct. 1 Balance
14
CREDIT
2 4 7 7 00
G10
ITEM
ACCOUNT NO.
POST.
REF.
6110
BALANCE
DEBIT
CREDIT
DEBIT
✔
CREDIT
25 8 4 8 45
CP13 2 5 0 0 00
Chapter 11
5130
BALANCE
DEBIT
✔
Oct. 1 Balance
24
DATE
CREDIT
2 0 4 5 25
CP13
ITEM
5120
BALANCE
DEBIT
✔
20 – –
20 – –
140 6 8 4 34
Purchases Returns and Allowances
DATE
CREDIT
ACCOUNT NO.
Oct. 1 Balance
31
ACCOUNT
DEBIT
P10 29 9 7 2 69
20 – –
ACCOUNT
CREDIT
Purchases Discount
DATE
5110
BALANCE
DEBIT
✔
20 – –
ACCOUNT
Class
28 3 4 8 45
Posting to General and Subsidiary Ledgers • 291
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11-6
ACCOUNT
11/2/07
2:26 PM
Miscellaneous Expense
ITEM
20 – –
ACCOUNT NO.
POST.
REF.
CP13
CREDIT
DEBIT
2 3 4 25
1 8 1 8 25
ACCOUNT NO.
ITEM
20 – –
POST.
REF.
CREDIT
DEBIT
33 0 0 0 00
Utilities Expense
20 – –
Oct. 1 Balance
4
292 • Working Papers TE
CREDIT
30 0 0 0 00
CP13 3 0 0 0 00
ACCOUNT NO.
ITEM
POST.
REF.
6190
BALANCE
DEBIT
CREDIT
DEBIT
✔
CP13
6160
BALANCE
DEBIT
✔
Oct. 1 Balance
2
DATE
CREDIT
1 5 8 4 00
Rent Expense
DATE
6140
BALANCE
DEBIT
✔
Oct. 1 Balance
20
ACCOUNT
SECOND REVISED
MASTERY PROBLEM (continued)
DATE
ACCOUNT
Page 292
CREDIT
8 7 4 5 45
7 5 1 25
9 4 9 6 70
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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11/2/07
2:26 PM
Page 293
SECOND REVISED
Name
Date
Class
11-6 MASTERY PROBLEM (continued)
1., 3.
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
Amy Carson
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
15
S10
110
1 2 4 5 25
2 0 6 4 88
3 3 1 0 13
3
G10
8 2 5 00
2 4 8 5 13
26
CR14
4 2 0 25
2 0 6 4 88
CUSTOMER
John Frazier
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
23
120
1 3 4 5 85
S10
1 5 6 3 50
2 9 0 9 35
3
G10
8 2 5 00
3 7 3 4 35
12
CR14
CUSTOMER
2 1 7 0 85
Jerome Lewis
DATE
1 5 6 3 50
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
4
S10
130
8 5 4 45
2 2 7 6 88
3 1 3 1 33
25
G10
3 1 8 00
2 8 1 3 33
1
CR14
8 5 4 45
1 9 5 8 88
CUSTOMER
Douglas Rieves
DATE
CUSTOMER NO.
POST.
REF.
ITEM
20 – –
DEBIT
CREDIT
✔
Oct. 1 Balance
12
S10
19
CR14
140
DEBIT
BALANCE
1 6 9 4 34
3 7 3 12
2 0 6 7 46
1 6 9 4 34
3 7 3 12
Auto Restoration, Inc.
Schedule of Accounts Receivable
October 31, 20 – –
Amy Carson
2 0 6 4 88
John Frazier
1 5 6 3 50
Jerome Lewis
1 9 5 8 88
Douglas Rieves
3 7 3 12
Total Accounts Receivable
5 9 6 0 38
Chapter 11
Posting to General and Subsidiary Ledgers • 293
BTE_Ch11-253-304.qxd
11-6
11/2/07
2:26 PM
Page 294
SECOND REVISED
MASTERY PROBLEM (concluded)
1., 3.
ACCOUNTS PAYABLE LEDGER
VENDOR
Alford Salvage
DATE
VENDOR NO.
ITEM
20 – –
POST.
REF.
DEBIT
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
22
210
1 5 4 8 45
8 1 2 5 45
P10
9 6 7 3 90
24
G10
1 5 0 00
9 5 2 3 90
7
CP13
1 5 4 8 45
7 9 7 5 45
VENDOR
Harman Supply
DATE
VENDOR NO.
ITEM
20 – –
POST.
REF.
DEBIT
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
5
220
1 4 1 7 25
P10
5 2 1 5 34
28
P10
3 6 4 8 80 1 0 2 8 1 39
11
CP13
1 4 1 7 25
8 8 6 4 14
13
CP13
5 2 1 5 34
3 6 4 8 80
VENDOR
Mixon Industries
DATE
6 6 3 2 59
VENDOR NO.
ITEM
20 – –
POST.
REF.
DEBIT
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
18
230
2 1 5 8 45
P10
6 2 5 1 38
30
P10
2 5 1 5 84 1 0 9 2 5 67
28
G10
2 7 5 00 1 1 2 0 0 67
8
CP13
2 1 5 8 45
9 0 4 2 22
27
CP13
6 2 5 1 38
2 7 9 0 84
VENDOR
Reliable Auto
DATE
20 – –
Oct. 1 Balance
25
12
8 4 0 9 83
VENDOR NO.
ITEM
POST.
REF.
DEBIT
CREDIT
✔
CREDIT
BALANCE
3 5 1 5 34
4 2 1 5 88
P10
CP13
240
3 5 1 5 34
7 7 3 1 22
4 2 1 5 88
Auto Restoration, Inc.
Schedule of Accounts Payable
October 31, 20 – –
Alford Salvage
7 9 7 5 45
Harman Supply
3 6 4 8 80
Mixon Industries
2 7 9 0 84
Reliable Auto
4 2 1 5 88
Total Accounts Payable
294 • Working Papers TE
1 8 6 3 0 97
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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Page 295
SECOND REVISED
Name
Date
11-7
Class
CHALLENGE PROBLEM, pp. 333, 334
Journalizing and posting business transactions
1., 2.
SALES JOURNAL
DATE
SALE
NO.
ACCOUNT DEBITED
20 – –
PAGE
POST.
REF.
11
1
2
3
ACCOUNTS
RECEIVABLE
DEBIT
SALES
CREDIT
SALES TAX
PAYABLE
CREDIT
Oct. 11 Doris McCarley
24 Barry Fuller
49 140
3 3 0 48
3 0 6 00
2 4 48
1
50 130
1 4 2 0 20
1 3 1 5 00
1 0 5 20
2
3
28 Leona Silva
51 150
1 4 1 9 12
1 3 1 4 00
1 0 5 12
3
4
31 Totals
3 1 6 9 80
2 9 3 5 00
2 3 4 80
4
1
2
(1130)
5
(4110)
(2120)
5
1., 3.
PURCHASES JOURNAL
DATE
PAGE
PURCH. POST.
NO.
REF.
ACCOUNT CREDITED
20 – –
1
Oct. 3 Vista Golf Co.
11
PURCHASES DR.
ACCTS. PAY. CR.
71
250
1 9 5 0 00
1
2
25 Pro Golf Supply
72
240
1 5 4 2 00
2
3
28 Design Golf
73
210
2 7 9 0 00
3
4
31 Total
6 2 8 2 00
4
(5110)(2110)
5
5
1.
GENERAL JOURNAL
DATE
DOC.
NO.
ACCOUNT TITLE
20 – –
1
2
3
4
PAGE
Oct. 13 Supplies—Store
POST.
REF.
M34 1160
DEBIT
30 David Bench
M35 110
Leona Silva
CREDIT
2 5 8 00
2110
230
Accounts Payable/Golf Source
11
1
2 5 8 00
1 4 1 9 12
3
1 4 1 9 12
150
5
2
4
5
2. Sales Journal Proof
Col.
No.
1
2
3
Debit
Totals
Column Title
Accounts Receivable Debit . . .
Sales Credit . . . . . . . . . . . . . . .
Sales Tax Payable Credit . . . .
Totals . . . . . . . . . . . . . . . . . .
...........
...........
..........
..........
Chapter 11
Credit
Totals
$3,169.80
$3,169.80
$2,935.00
234.80
$3,169.80
Posting to General and Subsidiary Ledgers • 295
R44 150
R45 110
TS34 ✔
TS35 ✔
24 Leona Silva
27 David Bench
28 ✔
31 ✔
31 Totals
5
6
7
8
9
296 • Working Papers TE
11
1
2
3
4
5
6
Col.
No.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
...........
...........
$28,110.24
$28,110.24
-0-
Debit
Totals
$28,110.24
-0$ 2,086.56
24,096.00
1,927.68
Credit
Totals
(4110)
(2120)
(1110)
11
10
9
2 0 8 6 56 24 0 9 6 00 1 9 2 7 68 28 1 1 0 24
(1130)
8
7
6
5
4
3
2
1
1 3 4 40 1 8 1 4 40
1 6 8 0 00
4 4 4 48 6 0 0 0 48
9 7 2 00
4 3 0 08 5 8 0 6 08
4 6 4 64 6 2 7 2 64
4 5 4 08 6 1 3 0 08
8 2 9 44
9 7 2 00
5 5 5 6 00
6
CASH
DEBIT
11
2 8 5 12
5 3 7 6 00
5 8 0 8 00
5 6 7 6 00
SALES TAX
PAYABLE
CREDIT
PAGE
2 8 5 12
8 2 9 44
SALES
CREDIT
ACCOUNTS
RECEIVABLE
CREDIT
5
Page 296
.
.
.
.
Totals . . . . . . . . . . . . . . . . . . .
General Debit . . . . . . . . . . . . .
General Credit . . . . . . . . . . . .
Accounts Receivable Credit . .
Sales Credit . . . . . . . . . . . . .
Sales Tax Payable Credit . . . .
Cash Debit . . . . . . . . . . . . . .
Column Title
CREDIT
4
3
2:26 PM
4. Cash Receipts Journal Proof
TS33 ✔
21 ✔
4
DEBIT
GENERAL
2
11/2/07
10
TS32 ✔
TS31 ✔
R43 120
14 ✔
Oct. 6 Viola Davis
7 ✔
ACCOUNT TITLE
POST.
REF.
3
2
1
20 – –
DOC.
NO.
1
CASH RECEIPTS JOURNAL
11-7
DATE
1., 4., 6.
BTE_Ch11-253-304.qxd
SECOND REVISED
CHALLENGE PROBLEM (continued)
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
268 6190
269 250
270 210
271 1150
1160
17 Utilities Expense
20 Vista Golf Co.
23 Design Golf
31 Supplies—Office
Supplies—Store
4
5
6
7
Chapter 11
6 4 32
4. Cash Payments Journal Proof
8,490.00
$10,254.00
Totals . . . . . . . . . . . . . . . . . . . . . . . .
$ 1,764.00
$
64.32
10,189.68
$10,254.00
-0-
Date
General Debit . . . . . . . . . . . . . . . . . . . .
General Credit . . . . . . . . . . . . . . . . . . . .
Accounts Payable Debit . . . . . . . . . . .
Purchases Discount Credit . . . . . . . . . .
Cash Credit . . . . . . . . . . . . . . . . . . . .
Credit
Column Totals
12
Page 297
Column Title
Debit
Column Totals
(1110)
14
(5120)
11
10
9
8
7
6
5
4
14
(2110)
(✔)
6 4 32 10 1 8 9 68
2 5 1 00
2 9 1 6 00
3 1 5 1 68
2 2 0 20
3
13
8 4 9 0 00
2 9 1 6 00
3 2 1 6 00
1 7 6 4 00
9 8 00
6 2 00
5 1 00
4 0 00
2 2 0 20
2 3 5 8 00
2
1
Name
13
12
31 Totals
6140
Miscellaneous Expense
10
11
6110
Advertising Expense
9
8
3
2 3 5 8 00
1 4 2 80
1 4 2 80
266 5110
267 220
1 1 5 0 00
CASH
CREDIT
5
21
1 1 5 0 00
CREDIT
PURCHASES
DISCOUNT
CREDIT
ACCOUNTS
PAYABLE
DEBIT
PAGE
265 6160
DEBIT
GENERAL
4
3
2:26 PM
7 Eagle Golf Equipment
2
Oct. 2 Rent Expense
4 Purchases
20 – –
POST.
REF.
2
11/2/07
1
ACCOUNT TITLE
CK.
NO.
1
CASH PAYMENTS JOURNAL
11-7
DATE
1., 4., 7.
BTE_Ch11-253-304.qxd
SECOND REVISED
Class
CHALLENGE PROBLEM (continued)
Posting to General and Subsidiary Ledgers • 297
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11-7
11/2/07
2:26 PM
Page 298
SECOND REVISED
CHALLENGE PROBLEM (continued)
5.
CASH PROOF
Cash on hand at the beginning of the month . . . .
Plus total cash received during the month . . . . . .
Equals total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Less total cash paid during the month . . . . . . . . .
Equals cash balance on hand at end of the month
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Checkbook balance on the next unused check stub . . . . . . . . . . .
$20,220.00
28,110.24
$48,330.24
10,189.68
$38,140.56
$38,140.56
8.
Custom Golf Land
Schedule of Accounts Payable
October 31, 20 – –
Design Golf
2 7 9 0 00
Golf Source
2 5 8 00
Pro Golf Supply
2 6 7 9 60
Vista Golf Co.
1 9 5 0 00
Total Accounts Payable
7 6 7 7 60
Custom Golf Land
Schedule of Accounts Receivable
October 31, 20 – –
David Bench
1 4 1 9 12
Barry Fuller
1 4 2 0 20
Doris McCarley
1 7 2 3 32
Total Accounts Receivable
4 5 6 2 64
298 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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Page 299
SECOND REVISED
Name
Date
11-7
CHALLENGE PROBLEM (continued)
1., 2., 3., 6., 7.
ACCOUNT
GENERAL LEDGER
Cash
ACCOUNT NO.
DATE
ITEM
20 – –
ITEM
DEBIT
3 1 6 9 80
6 6 4 9 20
2 0 8 6 56 4 5 6 2 64
POST.
REF.
CP21
CREDIT
DEBIT
ITEM
20 – –
3 1 6 2 00
4 0 00
3 2 0 2 00
POST.
REF.
31
CREDIT
DEBIT
ITEM
20 – –
G11
2 5 8 00
2 8 5 0 00
CP21
5 1 00
2 9 0 1 00
ACCOUNT NO.
POST.
REF.
31
31
CREDIT
DEBIT
CREDIT
9 6 2 7 60
G11
2 5 8 00
9 8 8 5 60
P11
6 2 8 2 00
16 1 6 7 60
7 6 7 7 60
CP21 8 4 9 0 00
Sales Tax Payable
ITEM
2110
BALANCE
DEBIT
✔
Oct. 1 Balance
13
CREDIT
2 5 9 2 00
Accounts Payable
DATE
1160
BALANCE
DEBIT
✔
Oct. 1 Balance
13
Oct. 1 Balance
31
CREDIT
ACCOUNT NO.
DATE
1150
BALANCE
DEBIT
Supplies—Store
DATE
CREDIT
3 4 7 9 40
✔
Oct. 1 Balance
31
31
CREDIT
ACCOUNT NO.
ITEM
1130
BALANCE
DEBIT
Supplies—Office
20 – –
20 – –
POST.
REF.
CR11
DATE
ACCOUNT
10 1 8 9 68 38 1 4 0 56
ACCOUNT NO.
S11
31
ACCOUNT
48 3 3 0 24
✔
Oct. 1 Balance
31
CREDIT
20 2 2 0 00
Accounts Receivable
20 – –
ACCOUNT
CREDIT
DEBIT
CP21
DATE
1110
BALANCE
DEBIT
CR11 28 1 1 0 24
31
ACCOUNT
POST.
REF.
✔
Oct. 1 Balance
31
ACCOUNT
Class
ACCOUNT NO.
POST.
REF.
BALANCE
DEBIT
CREDIT
DEBIT
✔
S11
CR11
Chapter 11
2120
CREDIT
1 5 7 4 40
2 3 4 80
1 8 0 9 20
1 9 2 7 68
3 7 3 6 88
Posting to General and Subsidiary Ledgers • 299
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11-7
11/2/07
2:26 PM
Page 300
SECOND REVISED
CHALLENGE PROBLEM (continued)
ACCOUNT
Sales
DATE
ACCOUNT NO.
ITEM
20 – –
31
ITEM
S11
2 9 3 5 00
265 4 3 3 80
CR11
24 0 9 6 00
289 5 2 9 80
POST.
REF.
CP21
31
P11
ITEM
CREDIT
DEBIT
20 – –
135 0 0 0 00
1 4 2 80
135 1 4 2 80
6 2 8 2 00
141 4 2 4 80
CREDIT
DEBIT
6 4 32
5 2 2 92
Advertising Expense
20 – –
ACCOUNT NO.
POST.
REF.
CP21
CREDIT
DEBIT
20 – –
Oct. 1 Balance
31
300 • Working Papers TE
CREDIT
3 5 2 8 00
6 2 00
3 5 9 0 00
Miscellaneous Expense
ITEM
ACCOUNT NO.
POST.
REF.
6140
BALANCE
DEBIT
CREDIT
DEBIT
✔
CP21
6110
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
4 5 8 60
CP21
ITEM
5120
BALANCE
DEBIT
✔
Oct. 1 Balance
31
DATE
CREDIT
ACCOUNT NO.
POST.
REF.
5110
BALANCE
DEBIT
Purchases Discount
DATE
CREDIT
262 4 9 8 80
✔
Oct. 1 Balance
4
ACCOUNT
DEBIT
ACCOUNT NO.
20 – –
ACCOUNT
CREDIT
Purchases
DATE
ACCOUNT
BALANCE
DEBIT
✔
Oct. 1 Balance
31
ACCOUNT
POST.
REF.
4110
CREDIT
1 6 9 2 00
9 8 00
1 7 9 0 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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2:27 PM
Page 301
SECOND REVISED
Name
Date
11-7
Class
CHALLENGE PROBLEM (continued)
ACCOUNT
Rent Expense
DATE
ACCOUNT NO.
POST.
REF.
ITEM
20 – –
ACCOUNT
BALANCE
DEBIT
CREDIT
DEBIT
✔
Oct. 1 Balance
2
CP21
CREDIT
10 3 5 0 00
1 1 5 0 00
11 5 0 0 00
Utilities Expense
DATE
ACCOUNT NO.
POST.
REF.
ITEM
20 – –
CP21
1.
6190
BALANCE
DEBIT
CREDIT
DEBIT
✔
Oct. 1 Balance
17
6160
CREDIT
2 1 4 2 00
2 2 0 20
2 3 6 2 20
ACCOUNTS PAYABLE LEDGER
Design Golf
VENDOR
DATE
VENDOR NO.
POST.
REF.
ITEM
20 – –
CP21
2 7 9 0 00
2 9 1 6 00
VENDOR NO.
POST.
REF.
ITEM
20 – –
VENDOR
DEBIT
✔
CP21
2 3 5 8 00
2 3 5 8 00
VENDOR NO.
POST.
REF.
ITEM
20 – –
Oct. 13
DEBIT
Pro Golf Supply
DATE
2 5 8 00
VENDOR NO.
POST.
REF.
ITEM
DEBIT
CREDIT
✔
Oct. 1 Balance
25
P11
Chapter 11
230
CREDIT
BALANCE
CREDIT
2 5 8 00
G11
20 – –
220
CREDIT
BALANCE
CREDIT
Golf Source
DATE
5 7 0 6 00
2 7 9 0 00
Eagle Golf Equipment
Oct. 1 Balance
7
VENDOR
2 9 1 6 00
P11
23
DATE
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
28
VENDOR
DEBIT
210
240
CREDIT
BALANCE
1 1 3 7 60
1 5 4 2 00
2 6 7 9 60
Posting to General and Subsidiary Ledgers • 301
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11/2/07
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Page 302
SECOND REVISED
CHALLENGE PROBLEM (continued)
1.
ACCOUNTS PAYABLE LEDGER
VENDOR
Vista Golf Co.
DATE
VENDOR NO.
ITEM
20 – –
POST.
REF.
DEBIT
CREDIT
BALANCE
CREDIT
✔
Oct. 1 Balance
3
3 2 1 6 00
1 9 5 0 00
P11
20
CP21
250
3 2 1 6 00
5 1 6 6 00
1 9 5 0 00
ACCOUNTS RECEIVABLE LEDGER
CUSTOMER
David Bench
DATE
CUSTOMER NO.
ITEM
20 – –
G11
ITEM
POST.
REF.
DEBIT
8 2 9 44
8 2 9 44
CR11
Barry Fuller
DATE
CUSTOMER NO.
ITEM
20 – –
POST.
REF.
S11
Oct. 24
DEBIT
DATE
1 4 2 0 20
1 4 2 0 20
CUSTOMER NO.
ITEM
POST.
REF.
DEBIT
S11
1 3 9 2 84
3 3 0 48
1 7 2 3 32
Leona Silva
DATE
20 – –
Oct. 1 Balance
28
CUSTOMER NO.
ITEM
POST.
REF.
24
CR11
30
G11
302 • Working Papers TE
DEBIT
CREDIT
✔
S11
140
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
11
130
DEBIT
BALANCE
CREDIT
Doris McCarley
20 – –
120
DEBIT
BALANCE
CREDIT
✔
Oct. 1 Balance
6
CUSTOMER
1 4 1 9 12
1 4 1 9 12
CUSTOMER NO.
20 – –
CUSTOMER
9 7 2 00
Viola Davis
DATE
DEBIT
BALANCE
CREDIT
9 7 2 00
CR11
30
CUSTOMER
DEBIT
✔
Oct. 1 Balance
27
CUSTOMER
POST.
REF.
110
150
DEBIT
BALANCE
2 8 5 12
1 4 1 9 12
1 7 0 4 24
2 8 5 12
1 4 1 9 12
1 4 1 9 12
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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Page 303
SECOND REVISED
Name
Date
11-7
Class
CHALLENGE PROBLEM (concluded)
9. Approaches to Collecting and Paying Sales Taxes
Normal procedure for recording a sale is as follows:
Debit:
Credit:
Cash or Accounts Receivable
$1,080.00
Sales
$1,000.00
Sales Tax Payable
80.00
This entry records the liability for the sales tax that has been collected and must be remitted to the
state or other taxing district.
Another procedure that may be used if authorized by the state or taxing district for which the
taxes are being collected is as follows:
At time of sale:
Debit:
Credit:
Cash or Accounts Receivable
$1,080.00
Sales
$1,080.00
Note that the entire amount is credited to Sales. This eliminates the need for maintaining the sales
tax payable account and accounting for sales taxes collected separately. When sales taxes are due
the state, the following procedure is followed:
Total in
Sales Account
$1,080.00
1 plus Sales
1.08
Total in
Sales Account
$1,080.00
Tax Rate
Amount of
$1,000.00
Amount of
Sales
$1,000.00
Sales
Sales Tax
Due
$80.00
At the time of payment of taxes, the following journal entry would be made:
Debit:
Credit:
Sales
$80.00
Cash
$80.00
Two precautions if this method is used:
1. It must be permitted by the state or taxing district for which the taxes are being collected.
2. The adjustment must be made before preparing financial statements to avoid misstating the
amount of sales.
Chapter 11
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SECOND REVISED