CK P07 - Student Name Cassidy Kottke Class Morning Problem...

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Student Name: Cassidy Kottke Class: Morning Problem 07-03A Page 2 CHURCH COMPANY Sales Journal COGS Inv. Acct. Rec. Debit Debit Date Account Debited No. PR Sales Cr. Inv. Credit Mar. 2 Min Cho 854 16,800 8,400 3 Linda Witt 855 10,200 5,800 10 Jovita Albany 856 5,600 2,900 27 Jovita Albany 857 14,910 7,220 28 Linda Witt 858 4,315 3,280 31 Total 51,825 27,600 Correct! Correct! Page 2 CHURCH COMPANY Purchases Journal Accounts Office Other Inv. Payable Inventory Supplies Accounts Date Account Date Terms PR Credit Debit Debit Debit Mar. 1 Van Industries 3/1 2/15, n/30 43,600 43,600 3 Gabel Company 3/3 n/10, EOM 1,230 1,230 9 Office Equip./Spell Supply 3/9 n/10, EOM 163/√ 21,850 21,850 14 The CD Company 3/13 2/10, n/30 32,625 32,625 16 Store Supplies/Gabel Co. 3/16 n/10, EOM 125/√ 1,770 1,770 31 Totals 101,075 76,225 1,230 23,620 Correct! Correct! Correct! Correct! Page 2 CHURCH COMPANY Cash Receipts Journal Sales Accounts Other COGS Cash Discount Receivable Sales Accounts Debit Date Account Credited Explanation PR Debit Debit Credit Credit Credit Inv. Credit Mar. 6 L.T. Notes Pay Note to bank 251 82,000 82,000 12 Min Cho Invoice, 3/2 16,464 336 16,800 13 Linda Witt Invoice, 3/3 9,996 204 10,200 15 Sales Cash sales 34,680 34,680 20,210 20 Jovita Albany Invoice, 3/10 5,488 112 5,600 31 Sales Cash sales 30,180 30,180 16,820 31 Totals 178,808 652 32,600 64,860 82,000 37,030 Correct! Correct! Correct! Correct! Correct! Correct! Page 2 CHURCH COMPANY Cash Disbursements Journal Other Accts. Check Account Cash Inventory Accts. Pay. Date No. Payee Debited PR Credit Credit Debit Debit Mar. 13 416 Van Industries Van Industries 42,728 872 43,600 15 417 Payroll Sales Salaries Exp. 621 18,300 18,300 23 418 The CD Co. The CD Company 29,596 604 30,200 31 419 Payroll Sales Salaries Exp. 621 18,300 18,300 31 Totals 108,924 1,476 36,600 73,800 Correct! Correct! Correct! Correct!
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Student Name: Cassidy Kottke Class: Morning Problem 07-03A Page 2 CHURCH COMPANY General Journal Date Description PR Debit Credit Mar. 17 Accounts Payable-The CD Co. 201/√ 2,425 Inventory 119 2,425 «- Correct! Received a credit memo for returns. 19 Accounts Payable-Spell Supply 201/√ 630 Office Equipment 163 630 «- Correct! Received a credit memo for returns. CHURCH COMPANY General Ledger Cash Account No. 101 Date Explanation PR Debit Credit Balance Mar. 31 R2 178,808 178,808 31 D2 108,924 69,884 «- Correct! Accounts Receivable Account No. 106 Date Explanation PR Debit Credit Balance Mar. 31 S2 51,825 51,825 31 R2 32,600 19,225 «- Correct! Inventory Account No. 119 Date Explanation PR Debit Credit Balance Mar. 1 Beginning balance 10000 10,000 17 G2 2,425 7,575 31 P2 27,600 (20,025) 31 D2 37,030 (57,055) 31 S2 76,225 19,170 31 R2 1,476 17,694 «- Correct! Office Supplies Account No. 124 Date Explanation PR Debit Credit Balance Mar. 31 P2 1,230 1,230 «- Correct! Store Supplies Account No. 125 Date Explanation PR Debit Credit Balance Mar. 16 P2 1,770 1,770 «- Correct! Office Equipment Account No. 163 Date Explanation PR Debit Credit Balance Mar. 9 P2 21,850 21,850 19 G2 630 21,220 «- Correct! Accounts Payable Account No. 201 Date Explanation PR Debit Credit Balance Mar. 17 G2 2,425 2,425 19 G2 630 3,055 31 P2 101,075 (98,020) 31 D2 73,800 24,220 «- Correct!
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Student Name: Cassidy Kottke Class: Morning Problem 07-03A Long-Term Notes Payable Account No. 251 Date Explanation PR Debit Credit Balance Mar. 6 R2 82,000 82,000 «- Correct!
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