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Ref debit credit 9 2 9 notes receivable 2000 9 3

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Ref.DEBITCREDIT929Notes Receivable200093Account Receivable/Tammy Jones2000949515Purchases350096Accounts Payable3500979829Notes Receivable – Discounted170099Accounts Receivable/ H. Kruczkiwicz1795.33100Notes Receivable1700101Cash1795.33102103Oct15Accounts Payable3500104Notes Payable35001
1DATEDESCRIPTIONPost.Ref.DEBITCREDIT10620Cash10000107Notes Payable1000010810931Cash125110Sales125111112Nov1Notes Receivable500113Sales5001141158Notes Receivable – Discounted2000116Accounts Receivable/ Tammy Jones2050117Notes Receivable2000
TOY MANIA! PRACTICE SET FOR ACCOUNTING 2PARTNERSHIPSPage 13 of 21STUDENT NAME:1DATEDESCRIPTIONPost.Ref.DEBITCREDIT118Cash205011912030Cash1938.96121Interest Income143.63122Accounts Receivable/ H. Kruczkiwicz1795.33123124Dec1Cash25125Notes Receivable500126Notes Receivable500127Interest Income25128
1DATEDESCRIPTIONPost.Ref.DEBITCREDIT12914Land Improvements2000130Cash200013113231Cash100133Accumulated Depreciation300134Loss On Sales Of Fixed Assets100135Building Fixtures500136137Adjusting Entries138Dec31139aInterest Receivable3.34140Interest Income3.34
TOY MANIA! PRACTICE SET FOR ACCOUNTING 2PARTNERSHIPSPage 15 of 21STUDENT NAME:1DATEDESCRIPTIONPost.Ref.DEBITCREDIT141142bInterest Expense207.03143Interest Payable59.11144Interest Payable – Discounted147.92145146cDepreciation Expense1500147Accumulated Depreciation- Computer System1500148149dDepreciation Expense2450150Accumulated Depreciation - Vehicle24501511eDepreciation Expense816.67
1DATEDESCRIPTIONPost.Ref.DEBITCREDIT153Accumulated Depreciation - Building816.67154155fDepreciation Expense55.56156Accumulated Depreciation – Land Improvements55.56157158gAmortization Expenses2500159Patents2500160161hBad debt expenses48565162Allowance for bad debts48565163164iIncome Summary91250
TOY MANIA! PRACTICE SET FOR ACCOUNTING 2PARTNERSHIPSPage 17 of 21STUDENT NAME:1DATEDESCRIPTIONPost.Ref.DEBITCREDIT165Inventory91250166iInventory100500167Income Summary100500168Closing Entries169Dec31170AIncome Summary100500171Jordan, Capital60300172Morgan, Capital40200173174BJordan, Capital26000175Morgan, Capital19000
1DATEDESCRIPTIONPost.Ref.DEBITCREDIT176Jordan, Drawing26000177Morgan, Drawing19000GENERAL JOURNALPage __6___1DATEDESCRIPTIONPost.Ref.DEBITCREDIT2 20113Jan13Notes Payable35004Interest Expense705Cash35706715Cash5058Interest Income595001011Apr18Notes Payable1000012Cash10000
TOY MANIA! PRACTICE SET FOR ACCOUNTING 2PARTNERSHIPSPage 19 of 21STUDENT NAME:Partial Income StatementNet Income for Year$84,000Allocation of Net IncomeJordanMorganTotalSalary Allowance$20,000$15,000$35,000Interest Allowance6,0004,00010,000Balance Equity23,40015,60039,000Totals$49,400$34,600$84,000
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TOY MANIA! PRACTICE SET FOR ACCOUNTING 2PARTNERSHIPSPage 21 of 21STUDENT NAME:TOY MANIA!
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Accounting, 1966, 1981, Generally Accepted Accounting Principles, 1973, Toy mania

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