The background material has been attached. 1,I don’t know how to get these numbers? They are in the J43, F89, sheet P07-06A. 2, what is the use of check figure in the sheet Given P07-O6A, C29.

The background material has been attached.

1,I don’t know how to get these numbers? They are in the J43, F89, sheet P07-06A.

2, what is the use of check figure in the sheet Given P07-O6A, C29.

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Student Name:
Chrissy J Weeks
Class:
ACC 225
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
3,300
1,500
12 Hanna Seppa
914
4
3,650
2,850
15 Bo Brown
915
5
3,100
1,800
16 Hanna Seppa
916
6
7,700
4,600
24 Shilo Jones
917
7
1,200
600
31 Totals
18,950
11,350
CHOI ENTERPRISES
Purchases Journal
Accounts
Of ice
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
3,200
3,200
5 KK’s Supply Co.
12/3
n/10 EOM
3
1,300
1,300
15 Funk Company
12/15
2/10, n/60
4
3,990
3,990
15 Cros land Company
12/15
2/10, n/60
5
2,650
2,650
17 KK’s Supply Co.
12/16
n/10 EOM
6
615
615
21 Store Equip./KK’s Supply Co.
12/21
n/10 EOM
7
6,700
6,700
26 Cros land Company
12/25
2/10, n/60
8
8,100
8,100
31 Totals
26,555
19,240
615
6,700
CHOI ENTERPRISES
Cash Receipts Journal
Sales
Ac ounts
Other
COGS
Trans.
Cash
Discount
Recv.
Sales
Ac ounts
Debit
Date
Ac ount Cr.
Explanation
No.
Debit
Debit
Credit
Credit
Credit
Inv. Credit
Dec. 2 Shilo Jones
Invoice 11/23
3
4,116
84
4,200
15 Sales
Cash sales
4
38,830
38,830
19,800
15 Marge Craig
Invoice 12/6
5
2,401
49
2,450
22 Hanna Seppa
Invoice 12/12
6
3,577
73
3,650
25 Bo Brown
Invoice 12/15
7
2,548
52
2,600
29 Of ice Supplies
Sold supplies
8
50
50
31 Sales
Cash sales
9
29,600
29,600
11,200
31 Totals
81,122
258
12,900
68,430
50
31,000
CHOI ENTERPRISES
Cash Disbursements Journal
Other
Ac ts.
Check
Ac ount
Trans.
Cash
Inventory
Ac ts.
Pay.
Date
No.
Payee
Debited
No.
Credit
Credit
Debit
Debit
Dec. 2
619
Omni Realty Co.
Rent Expense
4
2,250
2,250
6
620
Fireside Company
Fireside Company
5
3,724
76
3,800
12
621
Funk Company
Funk Company
6
3,136
64
3,200
15
622
Jamie Inman
Sales Salaries Exp.
7
2,020
2,020
23
623
Cros land Co.
Cros land Co.
8
2,597
53
2,650
24
624
Funk Company
Funk Company
9
2,891
59
2,950
30
625
Ken Choi
Ken Choi, Withdr.
10
2,500
2,500
31
626
Jamie Inman
Sales Salaries Exp.
11
2,020
2,020
31
627
Ac es Elec. Co.
Utilities Expense
12
710
710
31
Totals
21,848
252
9,500
12,600
CHOI ENTERPRISES
General Journal
Trans.
Date
Description
No.
Debit
Credit
Dec. 4 Accounts Payable-Fireside Company
2
460
Inventory
460
9 Sales Returns and Al owances
3
850
Accounts Receivable-Marge Craig
850
17 Accounts Payable-Funk Company
4
1,040
Inventory
1,040
18 Accounts Payable-KK’s Supply Co.
5
40
Of ice Supplies
40
20 Sales Returns and Al owances
6
500
Accounts Receivable-Bo Brown
500
CHOI ENTERPRISES
General Ledger
Cash
Account No.
101
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
5,361
Dec. 31
CRJ
81,122
86,483
31
CDJ
21,848
64,635
Accounts Receivable
Account No.
106
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
4,200
Dec. 9
GJ3
850
3,350
20
GJ6
500
2,850
31
SJ
18,950
21,800
31
CRJ
12,900
8,900
Merchandise Inventory
Account No.
119
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
66,970
Dec. 4
460
66,510
Dec. 17
1,040
65,470
Dec. 31
CDJ
252
65,218
Dec. 31
PJ
19,240
84,458
Dec. 31
SJ
11,350
73,108
Dec. 31
CRJ
31,000
42,108
Of ice Supplies
Account No.
124
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
607
Dec. 18
GJ5
40
567
29
CR8
50
517
31
PJ6
615
1,132
Store Supplies
Account No.
125
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
346
Store Equipment
Account No.
165
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
42,129
Dec. 21
PJ7
6,700
48,829
Accumulated Depr. – Store Equipment
Account No.
166
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
9,153
Accounts Payable
Account No.
201
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
4,260
Dec. 4
GJ2
460
3,800
17
GJ4
1,040
2,760
18
GJ5
40
2,720
31
PJ
26,555
29,275
31
CDJ
12,600
16,675
Ken Choi, Capital
Account No.
308
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 30 Balance
106,200
Ken Choi, Withdrawals
Account No.
318
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 30
CD10
2,500
2,500
Sales
Account No.
413
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 31
SJ
18,950
18,950
31
CRJ
68,430
87,380
Sales Returns and Al owances
Account No.
414
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 31
GJ3
850
850
31
GJ6
500
1,350
Sales Discounts
Account No.
415
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 31
CRJ
258
258
Cost of Goods Sold
Account No.
502
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 31
CRJ
31,000
31,000
Dec. 31
SJ
11,350
42,350
Sales Salaries Expense
Account No.
621
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 15
CD7
2,020
2,020
31
CD11
2,020
4,040
Rent Expense
Account No.
640
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 2
CD4
2,250
2,250
Utilities Expense
Account No.
690
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 31
CD12
710
710
CHOI ENTERPRISES
Accounts Receivable Ledger
Marge Craig
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 6
SJ3
3,300
3,300
9
GJ3
850
2,450
15
CR5
2,450
0
Hanna Seppa
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 12
SJ4
3,650
3,650
16
SJ6
7,700
11,350
22
CR6
3,650
7,700
Shilo Jones
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 23
4,200
4,200
Dec. 2
CR3
4,200
0
24
SJ7
1,200
1,200
Bo Brown
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 15
SJ5
3,100
3,100
20
GJ6
500
2,600
25
CR7
2,600
0
CHOI ENTERPRISES
Accounts Payable Ledger
Fireside Company
Trans.
Date
Item
no.
Debit
Credit
Balance
Nov. 28
4,260
4,260
Dec.4
GJ2
460
3,800
6
CD5
3,800
0
KK’s Supply Company
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 5
PJ3
1,300
1,300
17
PJ6
615
1,915
18
GJ5
40
1,875
21
PJ7
6,700
8,575
Crossland Company
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 15
PJ5
2,650
2,650
23
CD8
2,650
0
26
PJ8
8,100
8,100
Funk Company
Trans.
Date
Item
no.
Debit
Credit
Balance
Dec. 2
PJ2
3,200
3,200
12
CD6
3,200
0
15
PJ4
3,990
3,990
17
GJ4
1,040
2,950
24
CD9
2,950
0
CHOI ENTERPRISES
Trial Balance
December 31
Debit
Credit
Cash
$64,635
Accounts receivable
8,900
Merchandise inventory
42,108
Of ice supplies
1,132
Store supplies
346
Store equipment
48,829
Accumulated depreciation, store equipment
$9,153
Accounts payable
16,675
Ken Choi, Capital
106,200
Ken Choi, Withdrawals
2,500
Sales
87,380
Sales returns and al owances
1,350
Sales discounts
258
Cost of goods sold
42,350
Sales salaries expense
4,040
Rent expense
2,250
Utilities expense
710
Totals
$219,408
$219,408
CHOI ENTERPRISES
Schedule of Accounts Receivable
December 31
Hanna Seppa
$7,700
Shilo Jones
1,200
Total accounts receivable
$8,900
CHOI ENTERPRISES
Schedule of Accounts Payable
December 31
KK’s Supply Company
$8,575
Crossland Company
8,100
Total accounts payable
$16,675

Unlock Solution Unlocking…

Given Data P07-05A:
CHOI ENTERPRISES
Inv. No.
Check
Date
Description
Name
or Date
No.
Terms
Amount
Dec. 16 Merchandise sold (cost $4,600)
Hanna Seppa
916
2/10, n/30
$7,700
17 Received credit memo on returned merch.
Funk Company
Dec. 15
1,040
17 Purchased office supplies
KK’s Supply Company
Dec. 16
n/10 EOM
615
18 Received credit memo on returned merch.
KK’s Supply Company
Dec. 17
40
20 Issued credit memo on returned merch.
Bo Brown
Dec. 15
500
21 Purchased store equipment
KK’s Supply Company
Dec. 21
n/10 EOM
6,700
22 Received payment less discount
Hanna Seppa
Dec. 12
23 Paid invoice less discount
Crossland Company
Dec. 15
623
24 Sold merchandise on credit (cost $600)
Shilo Jones
917
1,200
24 Paid inv. less discount and return
Funk Company
Dec. 15
624
25 Received payment less discount and return
Bo Brown
Dec. 15
26 Purchased merchandise and invoice
Crossland Company
Dec. 25
2/10, n/60
8,100
29 Sold office supplies for cash at cost
50
30 Issued check to owner for personal use
Ken Choi
625
3,500
31 Check issued for sales salaries
Jamie Inman
626
2,020
31 Issued check for electric bill
Access Electric Company
627
710
31 Cash sales for last half of month (cost $11,200)
29,600
Check figure: Trial balance totals
$219,408

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