PracticeSetAnswersPhaseI

PracticeSetAnswersPhaseI - Pages: Table of Contents Begins...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Pages: Table of Contents Begins Ends General Journal 22 27 Purchases Journal 28 28 Sales Journal 29 29 Cash Receicpts Journal 30 30 Cash Disbursements Journal 31 31 General Ledger Accts 34 51 Accounts Receivable Subsidiary Ledgers 54 56 Accounts Payable Subsidiary Ledgers 57 59 Ten Column Worksheet 62 65 Schedule of Accts Receivable 68 68 Schedule of Accts Payable 68 68 Income Statement 69 70 Statement of Retained Earnings 71 71 Balance Sheet 72 73 Statement of Cash Flows 74 75 Post-Closing Trial Balance 76 76 Hints for the Bluebook Entries after December 24 up to and including December 31, before adjusting entries: More info to come for s Date Where initially recorded Amts 26 CD & GL $83,000 26 GJ $12,420 26 GJ $14,000 27 GJ $54,000 27 CD & GL $2,650 27 SJ & ARSL $42,040 27 CD & GL $500 27 CD & GL $925 28 PJ & APSL $58,940 28 CD & GL $15,000 28 CR & ARSL $19,730 28 SJ & ARSL $22,650 28 CD & APSL $45,342 31 CD & GL $142 31 GJ to bring depreciation up to date $350 then CR & GL $2,500 31 SJ & ARSL $55,770 31 CD & GL $75 31 CD & GL $30,067 Abreviations Explained GJ General Journal PJ Purchases Journal SJ Sales Journal CR Cash Receicpts Journal CD Cash Disbursements Journal GL General Ledger Accts ARSL Accounts Receivable Subsidiary Ledgers APSL Accounts Payable Subsidiary Ledgers some of these! Rockford Corp. Trial Balance Dec. 24, 2007 30-Nov-09 ACCOUNT TITLES TRIAL BALANCE TRIAL BALANCE Dr. Cr. Cash 209,930 Petty Cash 150 Accounts Receivable 317,420 Allowance for Doubtful Accounts 4,580 Notes Receivable 45,000 Interest Receivable- Merchandise Inventory 531,960 Office Supplies 2,320 Prepaid Insurance 11,020 Prepaid Rent 25,410 Other Assets - Bond Sinking Fund 145,000 Land 43,000 Buildings 306,000 Accum. Depr. - Buildings 73,040 Office Equipment 32,800 Accum. Depr. - Off. Equip. 13,200 Delivery Trucks 78,400 Accum. Depr. - Delivery Trucks 39,540 Notes Payable 15,000 Accounts Payable 126,850 Wages Payable- FICA Taxes Payable 1,787 Federal Income Taxes Payable Federal Income Tax Withhldg Payable 9,573 State Income Tax Withhldg Payable 2,486 Federal Unemployment Taxes Pay. 400 State Unemployment Taxes Pay. 2,600 Interest Payable- Dividends Payable- Notes Payable (LT Liability) 113,000 Bonds Payable 275,000 Discount on Bonds Payable 4,400 Common Stock 189,000 P-I-C in Excess of Stated Value 256,400 Retained Earnings 362,748 Treasury Stock - Common 44,610 Dividends Declared- Income Summary Sales 5,234,940 Sales Returns and Allowances 9,380...
View Full Document

Page1 / 19

PracticeSetAnswersPhaseI - Pages: Table of Contents Begins...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online