Comprehensive_Practice_Set_Part_C_MIRANDA_JAMES

Comprehensive_Practice_Set_Part_C_MIRANDA_JAMES - Sales...

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Sales Journal Date Invoice No. Accounts Debited Post. Ref. Oct 12 10--10--01 MILES CO. 4,600 27 10--10--01 COMMUNITY COLLEGE 1,100 TOTAL 5,700 Cash Receipts Journal Debits Credits Date Cash Sales Revenue Other Acco Post. Ref. Oct 1 600 600 8 2,300 2,300 14 4,508 92 4,600 MILES CO 15 3,095 3,095 22 5,200 5,200 29 6,900 6,900 22,603 92 4,600 18,095 Purchases Journal Credits Date Account Credited Terms Post. Ref. Accounts Payable Inventory Supplies Oct 1 TREES LLC 2/10 , n/30 20,000 20,000 11 CASH 100 20 TREES LLC 2/10 , n/30 20,000 20,000 40,100 40,000 Accounts Receivable DR Sales Revenue CR Sales Discounts Accounts Receivabl e Account
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Cash Payments Journal Debits Date Ck. No. Account Debited Post. Ref Other Accounts Oct 1 159 Rent Expense 800 4 150 Gas & Oil 290 7 160 Supplies 130 10 151 TREES LLC 11 152 Wages Expense 2,400 13 153 Freight 60 20 154 Land 5,000 20 215 25 155 Wages Expense 2,400 29 Withdrawals 1,500 31 158 Interest Payable 600 31 158 Note Payable 400
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2,500 750 3,250 ounts Amount 1,840 2,695 4,450 5,765 14,750 Debits Account Title Account Title Post. Ref. Amount ADVERTISING EXPENSE 100 100 Cost of Goods Sold DR Inventory CR Cost of Goods Sold Dr. Inventory Cr.
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ts Credits Inventory Cash 800 290 130 20,000 400 19,600 2,400 60 5,000 215 2,400 1,500 600 400 20,000 400 33,395 Accounts Payable
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Roberts Lawn Service General Journal Date Description Debit 1 10/28/2010 Cost of Goods Sold $18,000.00 2 Inventory 3 4 ***skip this line - you should always skip a line between journal entries*** 5 10/28/2010 Note Receivable $24,600.00 6 Sales Revenue 7 8 10/31/2010 Depreciation Expense $250.00 9 Truck--New $9,150.00 10 Truck--Old 11 Cash 12 13 10/31/2010 Depreciation Expense $42.00 14 Accumulated Depreciation 15 16 10/30/2010 Acuumulated Depreciation $250.00 17 Depreciation Expense 18 19 10/31/2010 Insurance Expense (450/3) $150.00 20 Prepaid Insurance 21 22 10/31/2010 Depreciation Expense--Equipment $200.00 23 Accumulated Depreciation--Equipment 24 25 10/31/2010 Gas & Oil Expense $430.00 26 Gas & Oil 27 28 10/31/2010 Supplies Expense $910.00 29 Supplies 30 31 10/31/2010 Uncollectible Account Expense (11950x.01) $119.50 32 Allowance for Uncollectible Accounts 33 34 10/31/2010 Interest Receivable (24600x0.12x30/360) $246.00 35 Interest Revenue 36 37 10/31/2010 Sales Revenue $48,395.00 38 Income Summary 39 40 10/31/2010 Income Summary $44,303.50 41 Sales Discounts 42 Cost of Goods Sold 43 Rent Expense
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44 Advertising Expense 45 Freight Expense 46 Interest Expense 47 Wage Expense 48 49 Uncollectible Account Expense 50 Supplies Expense 51 Depreciation Expense--Equipment 52 Insurance Expense 53 Depreciation Expense--Truck 54 55 10/31/2010 Income Summary (48395-44303.50)
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This note was uploaded on 04/06/2011 for the course ACCT 101 taught by Professor Hodgens during the Spring '11 term at Moraine Valley Community College.

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Comprehensive_Practice_Set_Part_C_MIRANDA_JAMES - Sales...

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