SALES JOURNAL Page No.

COST OF SALE
INVOICE POST ACCTS. REC. DR. DR.
DATE NO. ACCOUNT DEBITED REF SALES CR. INVENTORY CR.

1 6-Dec 891 AP 210 598 1

2 2-Dec Cash 110 1000 2
3 3
4 4
5 5
6 6
 CASH RECEIPTS JOURNAL
Page No. 4

POST OTHER ACCOUNTS COST/SOLD DR. SALES CASH

DATE ACCOUNT CREDITED REF ACCTS - CR. SALES - CR REC. - CR. INVENTORY CR. DISC. - DR. DR.

1 6-Dec AP 210 598 598 586 1

2 2
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6 6
7 7
8 8
9 9
 PURCHASES JOURNAL Page No. 11

POST OTHER ACCOUNTS STORE MERCH.

DATE ACCOUNT CREDITED REF (SUNDRY) PAYABLE SUPPLIES INVENORY
ACCTS - DR. CR. DR. DR.

1 4-Dec account payable 210 596 596 596 1

2 1-Dec Cash 110 320 2
3 3
4 4
5 5
6 6
7 7
8 8
 CASH PAYMENTS JOURNAL Page No. 8

CK. POST OTHER ACCOUNTS MERCH.

DATE NO. ACCOUNT DEBITED REF (SUNDRY) PAYABLE INVENTORY CASH
ACCTS - DR. DR. CR. CR.

1 10-Dec 2635 AP 210 596 596 584

2 1-Dec Cash 110 320 320
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 Inventory Control Sheet
900 watt microwave:

Purchases Cost of Goods Sold (Sales) INVENTORY

Date Units cost per unit Amount Units cost per unit Amount Units Amount
cost per unit
1/5/18 4 $79 $316
1-Dec 4 80 320 4 $79 $316
4 80 320
2-Dec 4 $79 $316
4 80 320

1000 watt microwave:

Purchases Cost of Goods Sold (Sales) INVENTORY

Date Units cost per unit Amount Units cost per unit Amount Units Amount
cost per unit
1/5/18 3 $119 $357
4/5/2018 4 149 596 3 $119 $357
4 149 596
6-Dec 2 119 238 1 119 119
1200 watt microwave:

Purchases Cost of Goods Sold (Sales) INVENTORY

Date Units cost per unit Amount Units cost per unit Amount Units cost per unit Amount
1/5/18 7 $239 $1,673

Ending Inventory Value:

 JOURNAL Page No. 53

POST
DATE DESCRIPTION REF DEBIT CREDIT

1 12-Dec Sales returns and Allowance 411 299 1

2 AR 112 299 2
3 12-Dec Cost of Sale 510 598 3
4 Merchandise Inventory 115 598 4
5 5
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JOURNAL Page No. 54

POST
DATE DESCRIPTION REF DEBIT CREDIT

1 1
2 2
3 3
4 4
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 ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER
(CUSTOMERS)

Customer Name: Albert Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 SJ 5 3,388 3,388

Customer Name: Marie Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 SJ 5 598 598

12/4/20 purchased four 1000 watt microwave 596 1,194

Customer Name: Cameron Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 SJ 5 796 796

Customer Name: McKenzie Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 SJ 5 1,396 1,396

Customer Name: Briana Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

12/6/20 two, sold 1000 watt microwaves 598 598

 ACCOUNTS PAYABLE SUBSIDIARY LEDGER
(VENDERS)

Vendor Name: Prince Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 P 10 398 398

Vendor Name: Joseph Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 P 10 596 596

Vendor Name: Elisha Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 P 10 795 795

Vendor Name: Matt Co.

POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE

1/5/18 P 10 1,497 1,497

12/4/20 four, purchased 1000 watt microwave p10 596 2,093
12/10/20 cash paid without discount P 10 584 1,509
12/10/20 Discounted amount P 10 12 1,521

Vendor Name:
POST RUNNING
DATE TRANSACTION REF DEBIT CREDIT BALANCE
 GENERAL LEDGER
Balance Sheet Accounts

Cash ACCOUNT NO. 110

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Accounts Receivable ACCOUNT NO. 112

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Allowance for Doubtful Accounts ACCOUNT NO. 113

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Merchandise Inventory ACCOUNT NO. 115

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

balance 2,346
12/4/20 Accounts payable 210 596 2,942
 Prepaid Insurance ACCOUNT NO. 116
POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Store Supplies ACCOUNT NO. 117

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Store Equipment ACCOUNT NO. 123

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Accumulated Depreciation-Store Equipment ACCOUNT NO. 124

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Accounts Payable ACCOUNT NO. 210

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Salaries Payable ACCOUNT NO. 211

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Interest Payable ACCOUNT NO. 218

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Note Payable ACCOUNT NO. 220

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Randiddle, Capital ACCOUNT NO. 310

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Randiddle, Withdrawals ACCOUNT NO. 311

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT
 GENERAL LEDGER
Income Statement Accounts

Sales ACCOUNT NO. 410

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Sales Returns and Allowances ACCOUNT NO. 411

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Sales Discounts ACCOUNT NO. 412

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Cost of Goods Sold ACCOUNT NO. 510

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT
 Sales Salaries Expense ACCOUNT NO. 520
POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Advertising Expense ACCOUNT NO. 521

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Depreciation Expense ACCOUNT NO. 522

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Store Supplies Expense ACCOUNT NO. 523

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Miscellaneous Selling Expense ACCOUNT NO. 529

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT
 Office Salaries Expense ACCOUNT NO. 530
POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Rent Expense ACCOUNT NO. 531

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Insurance Expense ACCOUNT NO. 532

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Bad Debt Expense ACCOUNT NO. 533

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Miscellaneous Administrative Expense ACCOUNT NO. 539

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT

Interest Expense ACCOUNT NO. 550

POST BALANCE
DATE ITEM REF DEBIT CREDIT DEBIT CREDIT
 Worksheet

Unadjusted Adjusted Income Equity Statement

Account Title Trial Balance Adjustments Trial Balance Statement and Balance Sheet
Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr.
1 Cash 1
2 Accounts Receivable 2
3 Allow for Doubtful Accts 3
4 Merchandise Inventory 4
5 Prepaid Insurance 5
6 Store Supplies 6
7 Store Equipment 7
8 Accm. Deprec-Store Eq. 8
9 Accounts Payable 9
10 Salaries Payable 10
11 Interest Payable 11
12 Note Payable (Due 2017) 12
13 Randiddle, Capital 13
14 Randiddle, Withdrawals 14
15 Sales 15
16 Sales Returns & Allow. 16
17 Sales Discounts 17
18 Cost of Goods Sold 18
19 Sales Salaries Exp. 19
20 Advertising Exp. 20
21 Depreciation Exp. 21
22 Store Supplies Exp. 22
23 Misc. Selling Exp. 23
24 Office Salaries Exp. 24
25 Rent Exp. 25
27 Insurance Exp. 27
26 Bad Debt Exp. 26
28 Misc. Administrative Exp. 28
29 Interest Expense 29
30 30
27 27
28 28
29 29
Income Statement
Statement of Owner's Equity
Balance Sheet
 Post-Closing Trial Balance

ACCOUNT TITLE DEBIT CREDIT