Warren SM_Ch.05_final

Warren SM_Ch.05_final - CHAPTER 5 EXERCISES Ex. 51 1....

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Unformatted text preview: CHAPTER 5 EXERCISES Ex. 51 1. General ledger accounts: (e) 2. Subsidiary ledger accounts: (a), (b), (c), (d) Ex. 53 a. Cash receipts journal b. General journal (not a revenue transaction) c. Cash receipts journal d. General journal e. General journal f. Cash receipts journal g. Cash receipts journal h. Cash receipts journal i. Cash receipts journal j. Revenue journal Ex. 55 Nov. 3. Provided service on account; posted from revenue journal page 36. 6. Granted allowance or corrected error related to sale of November 3; posted from general journal page 11. 13. Received cash for balance due; posted from cash receipts journal page 47. 1 Ex. 58 ECLIPSE PRODUCTIONS INC. Accounts Receivable Subsidiary Ledger April 30, 2010 Alpha Communications Inc. $2,040 Best Studios Inc. 1,250 Crown Broadcasting Co. 2,450 Gold Coast Media Inc. Total accounts receivable $5,740 Accounts Receivable (Control) Balance, April 1, 2010 $ 4,710 Total debits (from revenue journal) 12,640 Total credits (from cash receipts journal) (11,610 ) Balance, April 30, 2010 $ 5,740 Ex. 511 1. General ledger account: (c), (e), (h), (j), (k), (l) 2. Subsidiary ledger account: (a), (b), (d), (f), (g), (i) 3. No posting required: (m) Ex. 513 Oct. 6. Purchased services, supplies, equipment, or other commodities on ac- count; posted from purchases journal page 39. 11. Received allowance or corrected error related to purchase of October 6; posted from general journal page 12. 16. Paid balance owed; posted from cash payments journal page 56. 2 Ex. 517 CASH PAYMENTS JOURNAL PAGE 41 Other Accounts Ck. Post. Accounts Payable Cash Date No. Account Debited Ref. Dr. Dr. Cr. 2010 ............................................................................ May 1 57 Liquid Klean Supplies Inc. ............................................................................ 235 235 ............................................................................ 8 58 Equipment 18 2,400 ...................................................................2,400 ............................................................................ 15 59 Maryville Laundry Service ................................................................................
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Warren SM_Ch.05_final - CHAPTER 5 EXERCISES Ex. 51 1....

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