Acctg Cycle

SALES JOURNAL
INVOICE
DATE
12/6/2012
2 12/20/2012
3 12/30/2012
NO.
891
892
893
ACCOUNT DEBITED
Page No. 6
POST
ACCTS. REC. DR.
COST OF SALE
DR.
REF
SALES CR.
INVENTORY CR.
35,000
18,375
24,500
20,000
11,300
14,600
1
2
3
6 Total
77,875
45,900
CASH RECEIPTS JOURNAL

Page No. 4
DATE
1 12/10/2012
2
ACCOUNT CREDITED
POST
OTHER
REF
ACCTS - CR.
SALES - CR
ACCOUNTS
COST/SOLD DR.
SALES
CASH
REC. - CR.
INVENTORY CR.
DISC. - DR.
DR.
18,000
10,360
42,000
12,250
18,975
16-Dec
3 12/21/2012
4 12/30/2012
630
184
18,000
41,370
12,250
18,791
1
2
3
4
7
8
8
9
Total
18,000
73,225
10,360
814
90,411
PURCHASES JOURNAL
POST
DATE
ACCOUNT CREDITED
REF
OTHER
ACCOUNTS
STORE
MERCH.
(SUNDRY)
PAYABLE
SUPPLIES
INVENORY
ACCTS - DR.
CR.
DR.
DR.
1 12/3/2012
2 12/11/2012
3 12/21/2012
4 12/28/2012
Store equipment
Page No. 11
800
14,800
620
15,600
800
14,800
620
1
2
15,600
3
4
7
8
Total
800
31,820
620
30,400
CASH PAYMENTS JOURNAL

CK.
DATE
1-Dec
2 12/4/2012
3 12/13/2012
4 12/15/2012
5 12/19/2012
6 12/19/2012
7 12/20/2012
8 12/26/2012
9 12/27/2012
NO.
2632
2633
2634
2635
2636
2637
2638
2639
2640
10
11 12/29/2012
12 12/30/2012
2641
2642
POST
ACCOUNT DEBITED
REF
Rent Expense
Merch. Inventory
Page No.
OTHER
ACCOUNTS
MERCH.
(SUNDRY)
PAYABLE
INVENTORY
CASH
ACCTS - DR.
DR.
CR.
CR.
2,200
400
24,500
Advertising Expense
Merch. Inventory
296
1,500
7,600
6,100
Accounts Receivable
Sales Returns and Allowanc
Sales Salaries Expense
Office Salaries Expense
Store Supplies
600
1,000
1,750
950
550
2,200
400
24,204
1,500
7,600
6,100
600
1,000
1
2
3
4
5
6
7
8
9
10,400
104
2,700
550
10,296
10
11
12
13
13
14
14
15
16
Total
16,550
41,000
400
57,150
15
16
JOURNAL
Page No. 53
POST
DATE
1 12/14/2012
2
DESCRIPTION
Sales Returns and Allowances

Accounts Receivable
REF
411
112
DEBIT
CREDIT
3500
3500
2
3
4
5
Merchandise Inventory
Cost of Merchandise Sold
115
510
2000
Allowance for Doubtful Accounts

Accounts Receivable
113
112
6125
2000
5
6
7 12/25/2012
8
6125
8
9
10 12/24/2012
11
Accounts Payable
210
115
5200
10
5200
11
12
12
13
13
14 12/30/2012
15
Accounts Payable
Store Equipment
210
123
200
14
200
16
16
17
18
12/31/2012
19
ADJUSTING ENTRIES
17
510
115
2,240
18
2,240
20
21
12/31/2012
Insurance Expense
Prepaid Insurance
532
116
1,250
Store Supplies Expense

Store Supplies
523
117
3,045
21
1,250
23
12/31/2012
24
3,045
26
12/31/2012
Depreciation Expense
Accm. Deprec-Store Eq.
522
124
10,080
27
10,080
29
12/31/2012
32

Salaries Payable
520
530
211
480
260
30
31
740
33
12/31/2012
Interest Expense
Interest Payable
550
218
67
34
67
36
38
32
33
35
37
28
29
31
34
25
26
28
30
22
23
25
27
19
20
22
24
15
35
36
12/31/2012
Bad Debt Exp.

Allow for Doubtful Accounts
533
113
6,125
37
6,125
38
39
39
40
40
41
41
JOURNAL
Page No. 54
POST
DATE
REF
DEBIT
CREDIT
CLOSING ENTRIES
1
2
DESCRIPTION
12/31/2012
Sales
Income Summary
410
312
948,915
948,915
4
5
4
12/31/2012
6
7
8
9
10
11
12
13
14
15
16
17
18
19
Income Summary
Sales Returns & Allow.
Sales Discounts
Advertising Expense
Misc. Selling Expense
Rent Exp.
Insurance Expense
Bad Debt Expense
Misc. Administrative Expense
Interest Expense
312
411
412
510
520
521
522
523
529
530
531
532
533
539
550
694,086
25,100
14,014
471,075
76,630
19,500
10,080
3,045
2,800
41,710
20,800
1,250
6,125
1,650
307
20
21
12/31/2012
Income Summary
P. Williams, Capital
254,829
7
8
9
10
11
12
13
14
15
16
17
18
19
21
254,829
23
25
20
22
24
22
23
12/31/2012
P. Williams, Drawing
40,000
24
40,000
25
26
26
27
27
28
28
29
29
30
30
31
31
32
32
33
33
34
34
35
35
36
36
37
37
38
38
39
39
40
40
41
41
Inventory Control Sheet

TV A:
52 inch Flat Screen Television
Purchases
Date
Units
Amount
cost per unit
11/30/2012
12/6/2012
12/14/2012
1 $ 2,000 $ 2,000
TV B:
Purchases
Date
Units
Amount
cost per unit
11/30/2012
12/6/2012
TV C:
Purchases
Date
Units
Amount
cost per unit
11/30/2012
Cost of Goods Sold (Sales)

Units cost per unit Amount
4
2000 $ 8,000

4 $ 3,000
$ 12,000

INVENTORY
Units
Amount
cost per unit
25
$2,000
$50,000
21 $ 2,000 $ 42,000
22 $ 2,000 $ 44,000
INVENTORY
Units
Amount
cost per unit
10 $ 3,000 $ 30,000
6 $ 3,000 $ 18,000
INVENTORY
Units
Amount
8 $ 3,500 $ 28,000
cost per unit
12/3/2012
4 $ 3,700
$ 14,800
8 $ 3,500 $ 28,000
4 $ 3,700 $ 14,800
12/19/2012
2 $ 3,800
$ 7,600
8 $ 3,500 $ 28,000
4 $ 3,700 $ 14,800
2 $ 3,800 $ 7,600
12/20/2012
2 $ 3,800
1 $ 3,700
$ 7,600
$ 3,700
8 $ 3,500 $ 28,000
3 $ 3,700 $ 11,100
12/30/2012
3 $ 3,700
1 $ 3,500
$ 11,100
$ 3,500
7 $ 3,500 $ 24,500
PS D:
6 foot x 10 foot Projector System
Purchases
Date
11/30/2012
Units
cost per unit
Amount
12/10/2012
12/21/2012
12/24/2012 Returns

2 $ 5,180
3 $ 5,200
$ 10,360
$ 15,600
INVENTORY
Units
Amount
5 $ 5,180 $ 25,900
cost per unit
3 $ 5,180 $ 15,540
3 $ 5,180 $ 15,540
3 $ 5,200 $ 15,600
1 $ 5,200
$ 5,200
3 $ 5,180 $ 15,540
2 $ 5,200 $ 10,400
Ending Inventory Value:
$112,440
ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

(CUSTOMERS)
Customer Name: Albert Co.
DATE
TRANSACTION
POST
REF
11/20/12
SJ 5
12/6/12
SJ 6
12/14/12
GJ 53
12/16/12
CRJ 4
DEBIT
$ 10,500
$ 35,000
RUNNING
BALANCE
CREDIT
$
$
$ 3,500 $
$ 42,000 $
10,500
45,500
42,000
-
Customer Name: Marie Co.

DATE
TRANSACTION
POST
REF
11/20/12
SJ 5
12/25/13
GJ 53
DEBIT
$ 6,125
RUNNING
BALANCE
CREDIT
$
$ 6,125 $
6,125
-
Customer Name: Cameron Co.

DATE
TRANSACTION
POST
REF
11/15/12
SJ 5
12/20/12
SJ 6
12/20/12
CPJ 8
12/30/12
CRJ 4
DEBIT
$ 9,000
$ 18,375
$
600
RUNNING
BALANCE
CREDIT
$
$
$
$ 18,975 $
9,000
27,375
27,975
9,000
Customer Name: McKenzie Co.

DATE
TRANSACTION
POST
REF
11/27/12
SJ 5
12/21/12
CRJ 4
DEBIT
$ 12,250
RUNNING
BALANCE
CREDIT
$
$ 12,250 $
12,250
-
Customer Name: Randall Co.

DATE
12/30/12
TRANSACTION
POST
REF
SJ 6
DEBIT
$ 24,500
RUNNING
BALANCE
CREDIT
24,500
ACCOUNTS PAYABLE SUBSIDIARY LEDGER

(VENDERS)
Vendor Name: Prince Co.
DATE
TRANSACTION
POST
REF
11/26/12
PJ 10
12/3/12
PJ 11
12/13/12
CPJ 8
DEBIT
$ 24,500
CREDIT
$ 9,700 $
$ 14,800 $
$
RUNNING
BALANCE
9,700
24,500
-
Vendor Name: Joseph Co.

DATE
TRANSACTION
POST
REF
11/16/12
PJ 10
12/19/12
CPJ 8
DEBIT
$ 6,100
CREDIT
$ 6,100 $
$
RUNNING
BALANCE
6,100
-
Vendor Name: Elisha Co.

DATE
TRANSACTION
POST
REF
11/29/12
PJ 10
12/21/12
PJ 11
12/24/12
GJ 53
12/30/12
CPJ 8
DEBIT
$ 5,200
$ 10,400
CREDIT
$ 5,650 $
$ 15,600 $
$
$
RUNNING
BALANCE
5,650
21,250
16,050
5,650
Vendor Name: Matt Co.

DATE
TRANSACTION
POST
REF
12/11/12
PJ 11
12/28/12
PJ 11
12/30/12
GJ 53
DEBIT
CREDIT
$
$
$
200
620 $
800 $
$
RUNNING
BALANCE
620
1,420
1,220
Vendor Name:
DATE
TRANSACTION
POST
REF
DEBIT
CREDIT
RUNNING
BALANCE
Schedule of Accounts Receivable

Cameron Co.
9,000
Randall Co.
24,500
Total Accounts Receivable
33,500
Schedule of Accounts Payable

Elisha Co.
5,650
Matt Co.
1,220
Total Accounts Payable
6,870
GENERAL LEDGER
Balance Sheet Accounts
Cash
DATE
12/1/12
ACCOUNT NO.
ITEM
Balance
POST
REF
DEBIT
CREDIT
12/31/12
CRJ 4
12/31/12
CPJ 8
90,411
57,150
Accounts Receivable
DATE
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
SJ 6
12/31/12
CRJ 4
12/20/12
CPJ 8
12/14/12
GJ 53
12/25/12
GJ 53
77,875
73,225
600
3,500
6,125
Allowance for Doubtful Accounts
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
Adj
6,125
POST
REF
2,625
DEBIT
CREDIT
SJ 6
12/31/12
CRJ 4
12/31/12
PJ 11
12/31/12
CPJ 8
12/4/12
CPJ 8
12/19/12
CPJ 8
12/14/12
GJ 53
12/31/12
113
BALANCE
DEBIT
CREDIT
3,500
ACCOUNT NO.
12/31/12
12/24/12
37,875
115,750
42,525
43,125
39,625
33,500
6,125
GJ 53
ITEM
Balance
BALANCE
DEBIT
CREDIT
3,500
12/1/12
112
ACCOUNT NO.
GJ 53
DATE
73,920
164,331
107,181
12/25/12
12/31/12
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
12/31/12
DATE
110
GJ 53
45,900
10,360
30,400
400
400
7,600
2,000
5,200
2,240
115
BALANCE
DEBIT
CREDIT
133,900
88,000
77,640
108,040
107,640
108,040
115,640
117,640
112,440
110,200
Prepaid Insurance
DATE
12/1/12
ITEM
Balance
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
1,250
12/31/12
Store Supplies
DATE
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
PJ 11
12/29/12
CPJ 8
620
550
Adj
3,045
Store Equipment
DATE
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
PJ 11
12/30/12
GJ 53
800
200
Accumulated Depreciation-Store Equipment
12/1/12
12/31/12
ITEM
Balance
Adj
12/1/12
2,850
3,470
4,020
975
POST
REF
DEBIT
CREDIT
123
BALANCE
DEBIT
CREDIT
100,800
101,600
101,400
124
BALANCE
DEBIT
CREDIT
20,160
30,240
10,080
GJ 53
ITEM
Balance
117
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
Accounts Payable
DATE
3,750
2,500
ACCOUNT NO.
12/28/12
DATE
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
12/11/12
12/31/12
116
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
12/31/12
PJ 11
12/31/12
CPJ 8
12/24/12
GJ 53
12/30/12
GJ 53
31,820
41,000
5,200
200
210
BALANCE
DEBIT
CREDIT
21,450
53,270
12,270
7,070
6,870
Salaries Payable
DATE
12/31/12
ITEM
Adj
ACCOUNT NO.
POST
REF
DEBIT
BALANCE
DEBIT
CREDIT
CREDIT
740
GJ 53
Interest Payable
DATE
12/31/12
ITEM
Adj
DEBIT
67
GJ 53
12/1/12
Balance
POST
REF
DEBIT
CREDIT
12/1/12
12/31/12
12/31/12
12/1/12
12/31/12
ITEM
Balance
Closing Entry
Closing Entry
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
ITEM
Balance
Closing Entry
12/31/12
12/31/12
ITEM
Closing Entry
Closing Entry
310
BALANCE
DEBIT
CREDIT
89,510
344,339
304,339
254,829
GJ 54
GJ 54
40,000
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
40,000
GJ 54
Income Summary
DATE
BALANCE
DEBIT
CREDIT
10,000
DATE
220
DATE
67
ACCOUNT NO.
ITEM
218
BALANCE
DEBIT
CREDIT
CREDIT
Note Payable
DATE
740
ACCOUNT NO.
POST
REF
211
BALANCE
DEBIT
CREDIT
40,000
--------
ACCOUNT NO.
POST
REF
DEBIT
948,915
GJ 54
GJ 54
CREDIT
694,086
311
--------
312
BALANCE
DEBIT
CREDIT
948,915
254,829
12/31/12
Closing Entry
GJ 54
254,829
--------
--------
GENERAL LEDGER
Income Statement Accounts
Sales
DATE
12/1/12
ACCOUNT NO.
ITEM
Balance
DEBIT
CREDIT
CRJ 4
12/31/12
Closing Entry
GJ 54
948,915
--------
Sales Returns and Allowances
12/1/12
ITEM
Balance
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
12/26/12
CPJ 8
12/14/12
GJ 53
12/31/12
Closing Entry
1,000
3,500
25,100
GJ 54
Sales Discounts
DATE
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
814
CRJ 4
Closing Entry
14,014
GJ 54

DATE
12/1/12
ITEM
Balance
12/31/12
12/31/12
CRJ 4
12/31/13
12/31/12
DEBIT
45,900
10,360
2,000
GJ 53
Adj
Closing Entry
CREDIT
SJ 6
12/14/12
20,600
21,600
25,100
--------
GJ 53
GJ 54
2,240
471,075
--------
412
BALANCE
DEBIT
CREDIT
13,200
14,014
--------
ACCOUNT NO.
POST
REF
411
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
12/31/12
12/31/12
853,040
930,915
948,915
--------
77,875
18,000
SJ 6
DATE
BALANCE
DEBIT
CREDIT
12/31/12
12/31/12
POST
REF
410
--------
510
BALANCE
DEBIT
CREDIT
414,575
460,475
470,835
468,835
471,075
--------
--------

DATE
12/1/12
ITEM
Balance
12/31/12
POST
REF
DEBIT
CREDIT
CPJ 8
12/27/12
12/31/12
ACCOUNT NO.
Adj
Closing Entry
GJ 53
1,750
480
76,630
GJ 54
Advertising Expense
DATE
12/1/12
ITEM
Balance
12/31/12
DEBIT
CREDIT
CPJ 8
12/15/12
Closing Entry
1,500
19,500
GJ 54
DATE
12/31/12
12/31/12
ITEM
Adj
Closing Entry
12/31/12
12/31/12
ITEM
Adj
Closing Entry
POST
REF
GJ 53
DEBIT
CREDIT
10,080
10,080
GJ 54
POST
REF
GJ 53
DEBIT
CREDIT
3,045
3,045
GJ 54
12/1/12
ITEM
Balance
DEBIT
CREDIT
521
18,000
19,500
--------
--------
522
BALANCE
DEBIT
CREDIT
10,080
--------
--------
523
BALANCE
DEBIT
CREDIT
3,045
--------
ACCOUNT NO.
POST
REF
--------
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
Miscellaneous Selling Expense

DATE
74,400
76,150
76,630
--------
ACCOUNT NO.

DATE
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
POST
REF
520
--------
529
BALANCE
DEBIT
CREDIT
2,800
12/31/12
Closing Entry
2,800
GJ 54

DATE
12/1/12
ITEM
Balance
12/31/12
12/31/12
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
950
260
CPJ 8
12/27/12
Adj
Closing Entry
GJ 53
41,710
GJ 54
Rent Expense
DATE
12/1/12
ITEM
Balance
POST
REF
DEBIT
CREDIT
CPJ 8
Closing Entry
2,200
20,800
GJ 54
Insurance Expense
DATE
12/31/12
12/31/12
ITEM
Adj
Closing Entry
GJ 53
DEBIT
CREDIT
1,250
1,250
GJ 54
Bad Debt Expense

DATE
12/31/12
12/31/12
ITEM
Adj
Closing Entry
GJ 53
GJ 54
DEBIT
CREDIT
6,125
6,125
--------
531
BALANCE
DEBIT
CREDIT
18,600
20,800
--------
--------
532
BALANCE
DEBIT
CREDIT
1,250
--------
ACCOUNT NO.
POST
REF
530
40,500
41,450
41,710
--------
ACCOUNT NO.
POST
REF
--------
BALANCE
DEBIT
CREDIT
ACCOUNT NO.
12/1/12
12/31/12
--------
--------
533
BALANCE
DEBIT
CREDIT
6,125
--------
--------
Miscellaneous Administrative Expense

DATE
12/1/12
12/31/12
ITEM
Balance
Closing Entry
POST
REF
ACCOUNT NO.
DEBIT
CREDIT
1,650
GJ 54
Interest Expense
DATE
12/1/12
12/31/12
12/31/12
ITEM
Balance
Adj
Closing Entry
BALANCE
DEBIT
CREDIT
1,650
--------
ACCOUNT NO.
POST
REF
DEBIT
CREDIT
GJ 53
GJ 54
67
307
539
--------
550
BALANCE
DEBIT
CREDIT
240
307
--------
--------
ALLI CO.
Worksheet
DECEMBER 31, 2012
Unadjusted
Account Title
Trial Balance
Dr.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
27
26
28
29
30
27
28
29
Cash
Accounts Receivable
Allow for Doubtful Accts
Prepaid Insurance
Store Supplies
Store Equipment
Accounts Payable
Salaries Payable
Interest Payable
Note Payable (Due 2017)
Sales
Sales Returns & Allow.
Sales Discounts
Sales Salaries Exp.
Advertising Exp.
Depreciation Exp.
Store Supplies Exp.
Misc. Selling Exp.
Office Salaries Exp.
Rent Exp.
Insurance Exp.
Bad Debt Exp.
Misc. Administrative Exp.
Interest Expense
Total
Net Income
Adjustments
Cr.
Dr.
107,181
33,500
2,625
112,440
3,750
4,020
101,400
Cr.
Adjusted
Income
Equity Statement
Trial Balance
Statement
and Balance Sheet
Dr.
Cr.
107,181
33,500
6,125
2,240
1,250
3,045
20,160
6,870
40,000
2,240
480
10,080
3,045
2,800
41,450
20,800
260
1,250
6,125
1,650
240
1,075,455 1,075,455
67
23,547
110,200
2,500
975
101,400
30,240
6,870
740
67
10,000
89,510
10,000
89,510
948,915
Dr.
3,500
740
67
25,100
14,014
468,835
76,150
19,500
Cr.
107,181
33,500
110,200
2,500
975
101,400
10,080
40,000
Dr.
40,000
948,915
948,915
25,100
25,100
14,014
14,014
471,075
471,075
76,630
76,630
19,500
19,500
10,080
10,080
3,045
3,045
2,800
2,800
41,710
41,710
20,800
20,800
1,250
1,250
6,125
6,125
1,650
1,650
307
307
23,547 1,089,842 1,089,842 694,086 948,915 395,756
254,829
948,915 948,915 395,756
Equity Statement
and Balance Sheet
Cr.
1
2
3,500
3
4
5
6
7
30,240
6,870
740
67
10,000
89,510
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
27
26
28
29
140,927
254,829
395,756
30
27
28
29
ALLI CO.
Income Statement
For the year ended December 31, 2012
Sales
Less:
Sales Returns & Allowances
Sales Discounts
Net Sales
Less: Cost of Merchandise Sold
Gross Profit
Less: Operating Expenses
Selling Expenses
Sales Salaries Exp.
Advertising Exp.
Store Supplies Exp.
Misc. Selling Exp.
General and Administrative Expenses
Rent Expense
Insurance Expense
Bad Debt Expense
Misc. Administrative Expense
Operating Income
Less: Interest Expense
Net Income
948,915
25,100
14,014
$909,801
471,075
438,726
76,630
19,500
3,045
2,800
101,975
41,710
20,800
1,250
6,125
1,650
10,080
81,615
255,136
307
254,829
ALLI CO.
Statement of Owner's Equity
For the year ended December 31, 2012
P. Williams, Capital, Beginning Balance

Add: Net Income
Total
Less: P. Williams, Drawing
P. Williams, Capital, Ending Balance
89,510
254,829
344,339
40,000
304,339
ALLI CO.
Balance Sheet
As of December 31, 2012
Assets
Current Assets
Cash
Accounts Receivable
Less: Allow for Doubtful Accts
Prepaid Insurance
Store Supplies
Total Current Assets
$107,181
33,500
(3,500)
Property and Equipment

Store Equipment
Less: Accm. Deprec-Store Eq.
Total Assets
Liabilities
Current Liabilities
Accounts Payable
Salaries Payable
Interest Payable
Total Current Liabilities
Non-Current Liabilities
Total Liabilities
Owner's Equity
Total Liabilities and Owner's Equity
30,000
110,200
2,500
975
$
250,856
71,160
322,016
17,677
304,339
322,016
101,400
(30,240)
6,870
740
67
7,677
10,000
ALLI CO.
Post-Closing Trial Balance
December 31, 2012
ACCOUNT TITLE
Cash
Accounts Receivable
Allow for Doubtful Accts
Prepaid Insurance
Store Supplies
Store Equipment
Accounts Payable
Salaries Payable
Interest Payable
Total
DEBIT
CREDIT
107,181
33,500
$
3,500
355,756 $
30,240
6,870
740
67
10,000
304,339
355,756
110,200
2,500
975
101,400

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SALES JOURNAL

ACCTS. REC. DR.

CASH RECEIPTS JOURNAL

CASH PAYMENTS JOURNAL

Sales Returns and Allowances

Allowance for Doubtful Accounts

Store Supplies Expense

Sales Salaries Expense

Bad Debt Exp.

Inventory Control Sheet

Cost of Goods Sold (Sales)

Cost of Goods Sold (Sales)

Cost of Goods Sold (Sales)

cost per unit

Cost of Goods Sold (Sales)

Ending Inventory Value:

ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER

Customer Name: Marie Co.

Customer Name: Cameron Co.

Customer Name: McKenzie Co.

Customer Name: Randall Co.

ACCOUNTS PAYABLE SUBSIDIARY LEDGER

Vendor Name: Joseph Co.

Vendor Name: Elisha Co.

Vendor Name: Matt Co.

Schedule of Accounts Receivable

Total Accounts Receivable

Schedule of Accounts Payable

Total Accounts Payable

Allowance for Doubtful Accounts

Accumulated Depreciation-Store Equipment

Sales Returns and Allowances

Cost of Merchandise Sold

Sales Salaries Expense

Miscellaneous Selling Expense

Store Supplies Expense

Office Salaries Expense

Bad Debt Expense

Miscellaneous Administrative Expense

and Balance Sheet

P. Williams, Capital, Beginning Balance

Property and Equipment

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