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ACC 225 WEEK 9 FINAL PROJECT - COMPREHENSIVE PROBLEM-PERPETUAL

ACC 225 WEEK 9 FINAL PROJECT - COMPREHENSIVE PROBLEM-PERPETUAL

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Student Name: Class: Problem 07-05A CHOI ENTERPRISES Sales Journal Cost of Goods Inv. Trans. A/R Debit Sold Debit Date Account Debited No. No. Sales Credit Inventory Credit Dec. 6 Marge Craig 913 3 12 Hanna Seppa 914 4 15 Bo Brown 915 5 16 Hanna Seppa 916 6 24 Shilo Jones 917 7 31 Totals CHOI ENTERPRISES Purchases Journal Accounts Office Other Date of Trans. Payable Purchases Supplies Accounts Date Account Invoice Terms No. Credit Debit Debit Debit Dec. 2 Funk Company 12/2 2/10, n/60 2 5 KK's Supply Co. 12/3 n/10 EOM 3 15 Funk Company 12/15 2/10, n/60 4 15 Crossland Company 12/15 2/10, n/60 5 17 KK's Supply Co. 12/16 n/10 EOM 6 21 Store Equip./KK's Supply Co. 12/21 n/10 EOM 7 26 Crossland Company 12/25 2/10, n/60 8 31 Totals CHOI ENTERPRISES Cash Receipts Journal Sales Accounts Other COGS Trans. Cash Discount Recv. Sales Accounts Debit Date Account Cr. Explanation No. Debit Debit Credit Credit Credit Inv. Credit Dec. 2 Shilo Jones Invoice 11/23 3 15 Sales Cash sales 4 15 Marge Craig Invoice 12/6 5 22 Hanna Seppa Invoice 12/12 6 25 Bo Brown Invoice 12/15 7 29 Office Supplies Sold supplies 8 31 Sales Cash sales 9 31 Totals CHOI ENTERPRISES Cash Disbursements Journal Other Accts. Check Account Trans. Cash Inventory Accts. Pay. Date No. Payee Debited No. Credit Credit Debit Debit Dec. 2 619 Omni Realty Co. Rent Expense 4 6 620 Fireside Company Fireside Company 5 12 621 Funk Company Funk Company 6 15 622 Jamie Inman Sales Salaries Exp. 7 23 623 Crossland Co. Crossland Co. 8 24 624 Funk Company Funk Company 9 30 625 Ken Choi Ken Choi, Withdr. 10 31 626 Jamie Inman Sales Salaries Exp. 11 31 627 Access Elec. Co. Utilities Expense 12 31 Totals CHOI ENTERPRISES General Journal Trans. Date Description No. Debit Credit Dec. 4 Accounts Payable-Fireside Company 2 Inventory 9 Sales Returns and Allowances 3 Accounts Receivable-Marge Craig 17 Accounts Payable-Funk Company 4 Inventory 18 Accounts Payable-KK's Supply Co. 5 Office Supplies 20 Sales Returns and Allowances 6 Accounts Receivable-Bo Brown CHOI ENTERPRISES General Ledger Cash Account No. 101 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 31 CRJ 31 CDJ Accounts Receivable Account No. 106 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 9 GJ3 20 GJ6 31 SJ 31 CRJ Merchandise Inventory Account No. 119 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 4 Dec. 17 Dec. 31 CDJ Dec. 31 PJ Dec. 31 SJ Dec. 31 CRJ Office Supplies Account No. 124 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 18 GJ5 29 CR8 31 PJ6 Store Supplies Account No. 125 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Store Equipment Account No. 165 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 21 PJ7 Accumulated Depr. - Store Equipment Account No. 166 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Accounts Payable Account No. 201 Trans. Date Item no. Debit Credit Balance Nov. 30 Balance Dec. 4 GJ2 17 GJ4 18 GJ5 31 PJ 31 CDJ Ken Choi, Capital Account No. 308 Trans.
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