WP_Problem8_5B - Chapter 8 Problem 8-5B(cont'd Name Merch...

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Chapter 8 Problem 8-5B (cont’d.) Name Purchases Journal Page 2 Date Account Date of Invoice Terms PR Accounts Payable Cr. Merch. Inventory Dr. Office Supplies Dr. Other Accounts Dr. 2005 Oct. 2 Walters Co. 12/2 2/10,n/60 3,200 3,200 5 Green Supply 12/3 n/10,EOM 1,300 1,300 15 Walters Co. 12/15 2/10,n/60 3,990 3,990 15 Sunshine Co. 12/15 2/10,n/60 2,650 2,650 Cash Disbursements Journal Page 3 Date Ch. No. Payee Account Debited PR Cash Cr. Merch. Inventory Cr. Other Accounts Dr. Accounts Payable Dr. 2005 Oct. 2 619 Omni Realty Rent Exp. 640 2,250 2,250 6 620 Fireside Co. Fireside Co. 3,724 76 3,800 12 621 Walters Co. Walters Co. 3,136 64 3,200 15 622 Jamie Ford Sales Sal. Exp. 621 2,620 2,620
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Chapter 8 Problem 8-5B (cont’d.) Name GENERAL JOURNAL Page 2 Date Account Titles and Explanation PR Debit Credit Oct. 4 Accounts Payable—Fireside Company 201/ 460 00 Merchandise Inventory 119 460 00 Received a credit memo for returns. 9 Sales Returns and Allowances 414 850 00 Accounts Receivable—Marge Craig 106/ 850 00 Issued a credit memorandum. ACCOUNTS RECEIVABLE SUBLEDGER Marge Craig DATE EXPLANATION PR DEBIT CREDIT BALANCE 2005 Oct. 6 S3 3 3 0 0 00 3 3 0 0 00 9 G2 8 5 0 00 2 4 5 0 00 15 CR3 2 4 5 0 00 0 00
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