ACC 225 WEEK 7 CHECKPOINT - ACCOUNTING INFORMATION SYSTEMS AND SPECIAL JOURNALS

ACC 225 WEEK 7 CHECKPOINT - ACCOUNTING INFORMATION SYSTEMS AND SPECIAL JOURNALS

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
QS 7-1 QS 7-3 1 D 1 B 2 A 2 D 3 B 3 A 4 C 4 B 5 E 5 B 6 D 7 E 8 A 9 C 10 E 11 B 12 E
Background image of page 1

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

View Full DocumentRight Arrow Icon
Exercise 7-1 Sales Journal Date Account Debited PR Mar 7 J. Dryer 5704 1,150 800 12 R. Land 5705 320 200 19 T. Burton 5706 550 350 31 Totals 2,020 1,350 Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr.
Background image of page 2
Exercise 7-4 Cash Receipts Journal Date Account Credited Explanation PR Cash Dr. Nov. 9 Notes Payable Note to Bank 2,750.00 2,750.00 13 J. Emling, Capital Additional Investment 4,000.00 4,000.00 18 Sales Cash Sales 230.00 230.00 130.00 27 J. York Invoice 882.00 18.00 900.00 30 Totals 7,862.00 18.00 900.00 230.00 6,750.00 130.00 Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr.
Background image of page 3

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

View Full DocumentRight Arrow Icon
Exercise 7-7 Purchase Journal
Background image of page 4
Background image of page 5
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Date Account Terms PR Jun. 1 Vick, Inc. 6/1 n/30 8,100 8,100 14 Poe Company 6/14 n/30 240 240 17 Rehmer Company 6/17 n/30 260 260 30 Totals 8,600 8,100 260 240 Date of Invoice Accounts Payable Cr. Inventory Dr. Office Supplies Dr. Other Accounts Dr. Exercise 7-10 Cash Disbursements Journal Date Ck. No. Payee Account Debited PR Cash Cr. Inventory Cr. Apr. 9 210 Kidman Corp Supplies 450 450 17 211 City Bank City Bank 1,500 1,500 29 212 LeBron LeBron 3,430 70 3,500 30 213 B. Decker Salaries Expense 1,700 1,700 31 214 Scott, Inc. Scott, Inc. 2,750 2,750 Totals 9,830 70 3,650 6,250 Other Accounts Dr. Accounts Payable Dr....
View Full Document

This note was uploaded on 10/17/2011 for the course ACC 225 acc 225 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

Page1 / 5

ACC 225 WEEK 7 CHECKPOINT - ACCOUNTING INFORMATION SYSTEMS AND SPECIAL JOURNALS

This preview shows document pages 1 - 5. Sign up to view the full document.

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