Description
Cash - Operating Account
Cash - Payroll
Petty Cash
Accounts Receivable
Allowance for Doubtful Accounts
Interest Receivable
Notes Receivable
Inventory
Prepaid Insurance
Fixed Assets - Furniture & Fixtures
Accumulated Depreciation-Fixed Assets
Accounts Payable
Federal Withholding Payable
FICA Payable
Medicare payable
FUTA Payable
TX state SUTA payable
Interest Payable
Federal Income Tax Payable
Current N/P to banks
Notes Payable to Banks
Other Liabilities
Common Stock
Additional Paid-In Capital-Common Stock
Retained Earnings
Sales
Sales Discount
Sales Returns
Cost of Goods Sold
Shrinkage and Waste
Freight and Handling
Accounting Fees
Advertising Expense
Bad Debts Expense
Bank Fees
Depreciation Expense
Dues & Subscription
Employee Benefits
Insurance
Legal Fees
Life Insurance - Administration
Postage
Rent Expense
Repairs & Maintenance Expense
Salaries and Wages
Supplies
Telephone & Utilities
Taxes - Federal Income
Taxes - FUTA Expense
Taxes - FICA Expense
Taxes - Medicare Expense
Taxes - SUTA Expense
Interest Expense
Interest Income
Miscellaneous Income/Expense
221218490.xls.ms_office
Debit
147,109.83
10.00
133,000.00
Credit
2,660.00
73,093.35
91,000.00
16,500.00
273,500.00
37,787.50
40,900.00
7,800.00
43,660.19
90,278.26
65,000.00
5,000.00
495,000.00
59,340.08
565,000.00
720.00
3,000.00
338,760.00
3,000.00
5,000.00
17,000.00
4,500.00
660.00
360.00
22,287.50
500.00
1,500.00
1,000.00
9,000.00
500.00
27,000.00
1,545.00
206,400.00
5,655.00
168.00
12,796.80
2,992.80
1,026.00
13,216.75
1,412,801.03
Trial Balance
375.00
1,412,801.03
-
General Ledger
Account 1100
Ref
12
12
1 Balance Forward
30
30
GJ1
CD
CR
12
31
GJ5
Debit
372,107.33
Credit
367,529.15
142,561.65
30
Debit Balance
372,107.33
4,578.18
147,139.83
Credit Balance
147,109.83
Account 1110
Cash - Payroll
Dec
12
12
Ref
1 Balance Forward
30
30
GJ1
PR
CD
Debit
10.00
Credit
Debit Balance
10.00
13,779.20
13,779.20
Credit Balance
13,769.20
10.00
Account 1130
Account not used
Account 1200
Accounts Receivable
Dec
12
12
1 Balance Forward
30
30
Ref
GJ1
SJ
CR
Debit
137,000.00
137,000.00
Credit
141,000.00
Debit Balance
137,000.00
274,000.00
133,000.00
Credit Balance
Debit Balance
Credit Balance
2,000.00
Account 1205
1 Balance Forward
12
31
Ref
Debit
GJ1
Credit
2,000.00
GJ5
660.00
Page 2 of 25
2,660.00
Account 1230
Interest Receivable
Dec
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
Credit
Debit Balance
0.00
75,000.00
72,718.35
Credit Balance
1 Balance Forward
Account 1240
Notes Receivable
Dec
12
12
1 Balance Forward
1
31
CD
CR
12
31
GJ6
75,000.00
2,281.65
375.00
73,093.35
Account 1300
Inventory
Dec
Ref
12
12
1 Balance Forward
30
30
GJ1
SJ
PJ
12
31
GJ7
Debit
37,000.00
Credit
Debit Balance
37,000.00
78,000.00
135,000.00
Credit Balance
41,000.00
94,000.00
3,000.00
91,000.00
Account 1410
Prepaid Insurance
Dec
Ref
12
1 Balance Forward
30
CD
12
31
GJ8
Debit
Credit
18,000.00
1,500.00
Debit Balance
0.00
18,000.00
Credit Balance
16,500.00
Account 1500
1 Balance Forward
12
31
Ref
GJ1
Debit
265,500.00
GJ9
8,000.00
Page 3 of 25
Credit
Debit Balance
265,500.00
273,500.00
Credit Balance
Account 1505
1 Balance Forward
30
Ref
Debit
Credit
15,500.00
22,287.50
Debit Balance
Credit Balance
15,500.00
37,787.50
Ref
Debit
Credit
110,000.00
375.00
173,900.00
Debit Balance
Credit Balance
110,000.00
110,375.00
284,275.00
38,900.00
GJ1
GJ2
Account 2100
Accounts Payable
Dec
12
12
12
1 Balance Forward
30
30
30
GJ1
PR
PJ
CD
12
31
GJ10
245,375.00
2,000.00
40,900.00
Account 2140
ACCOUNT NOT ACTIVE
Account 2150
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
Debit Balance
Credit Balance
0.00
1,730.00
0.00
Debit Balance
Credit Balance
0.00
1,066.40
0.00
Debit Balance
Credit Balance
0.00
249.40
0.00
1,730.00
1,730.00
Account 2160
FICA Payable
Dec
12
12
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
1,066.40
1,066.40
Account 2165
Medicare Payable
Dec
12
12
1 Balance Forward
30
30
Ref
PR
CD
Debit
Credit
249.40
249.40
Page 4 of 25
Account 2170
FUTA Payable
Dec
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
Ref
Debit
Credit
Debit Balance
Credit Balance
0.00
1 Balance Forward
Account 2180
1 Balance Forward
Account 2190
Interest Payable
Dec
1 Balance Forward
12
31
GJ13
7,800.00
7,800.00
Account 2200
Ref
Debit
Credit
Debit Balance
1 Balance Forward
Credit Balance
0.00
Account 2210
ACCOUNT NOT IN USE
Account 2220
Current NP to Banks
Dec
1 Balance Forward
Ref
Debit
GJ1
Page 5 of 25
Credit
43,660.19
Debit Balance
Credit Balance
43,660.19
Account 2700
1 Balance Forward
30
Ref
GJ1
CD
Debit
Credit
93,516.51
Debit Balance
Credit Balance
93,516.51
90,278.26
3,238.25
Account 2710
Other Liabilities
Dec
1 Balance Forward
Ref
Debit
Credit
65,000.00
Debit Balance
Credit Balance
65,000.00
Ref
Debit
Credit
5,000.00
Debit Balance
Credit Balance
5,000.00
Ref
Debit
Credit
495,000.00
Debit Balance
Credit Balance
495,000.00
Ref
Debit
Credit
59,340.08
Debit Balance
Credit Balance
59,340.08
Ref
Debit
Credit
425,000.00
140,000.00
Debit Balance
Credit Balance
425,000.00
565,000.00
GJ1
Account 3100
Common Stock
Dec
1 Balance Forward
GJ1
Account 3120
1 Balance Forward
GJ1
Account 3200
Retained Earnings
Dec
1 Balance Forward
GJ1
Account 4100
Sales
Dec
12
1 Balance Forward
30
GJ1
SJ
Page 6 of 25
Account 4180
Sales Discount
Dec
12
1 Balance Forward
30
Ref
CR
Debit
Credit
720.00
Debit Balance
Credit Balance
720.00
Account 4190
Sales Returns
Dec
12
Ref
1 Balance Forward
30
SJ
Debit
Credit
3,000.00
Debit Balance
Credit Balance
3,000.00
Account 4500
1 Balance Forward
30
Ref
Debit
260,760.00
78,000.00
Credit
Debit Balance
260,760.00
338,760.00
Credit Balance
Ref
Debit
Credit
Debit Balance
Credit Balance
GJ1
SJ
Account 4700
1 Balance Forward
12
31
GJ7
3,000.00
3,000.00
Account 4800
1 Balance Forward
30
Ref
CD
Debit
Credit
Debit Balance
0.00
5,000.00
Credit Balance
Credit
Debit Balance
0.00
8,000.00
25,000.00
Credit Balance
5,000.00
Account 5100
Accounting Fees
Dec
Ref
12
12
1 Balance Forward
31
31
PJ
PJ
12
31
GJ9
Debit
8,000.00
17,000.00
8,000.00
Page 7 of 25
17,000.00
Account 5200
Advertising Expense
12
1 Balance Forward
30
PJ
2,500.00
Debit Balance
0.00
2,500.00
12
31
GJ10
2,000.00
4,500.00
Dec
Ref
Debit
Credit
Credit Balance
Account 5300
Ref
Debit
Credit
1 Balance Forward
12
31
GJ4
660.00
Debit Balance
0.00
Credit Balance
660.00
Account 5400
Bank Fees
Dec
Ref
Debit
Credit
1 Balance Forward
Debit Balance
0.00
12
31
GJ3
330.00
330.00
12
31
GJ5
30.00
360.00
Depreciation Expense
Dec
Ref
12
12
1 Balance Forward
30
30
GJ1
PR
GJ2
12
31
GJ3
12
31
GJ11
Debit
330.00
17,200.00
22,287.50
Credit
Debit Balance
330.00
17,530.00
39,817.50
330.00
39,487.50
17,200.00
22,287.50
Credit Balance
Account 5600
Credit Balance
Account 5700
1 Balance Forward
15
Ref
PJ
Debit
Credit
Debit Balance
0.00
500.00
Credit Balance
Credit
Debit Balance
1,375.00
1,500.00
Credit Balance
500.00
Account 5800
Employee Benefits
Dec
12
1 Balance Forward
30
Ref
GJ1
CD
Debit
1,375.00
125.00
Page 8 of 25
Account 5900
Insurance
Ref
Dec
Debit
Credit
1 Balance Forward
12
31
GJ8
1,000.00
Debit Balance
0.00
Credit Balance
1,000.00
Account 6000
Legal Fees
Dec
12
Ref
1 Balance Forward
30
PJ
Debit
Credit
Debit Balance
0.00
9,000.00
Credit Balance
Credit
Debit Balance
0.00
Credit Balance
9,000.00
Account 6100
Ref
Debit
1 Balance Forward
12
31
GJ8
500.00
500.00
Account 6250
Postage
Dec
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
24,750.00
2,250.00
Credit
Debit Balance
24,750.00
27,000.00
Credit Balance
Ref
Debit
Credit
Debit Balance
0.00
1,545.00
Credit Balance
1 Balance Forward
Account 6300
Rent Expense
Dec
12
1 Balance Forward
30
GJ1
CD
Account 6400
1 Balance Forward
15
PJ
1,545.00
Page 9 of 25
Account 6500
1 Balance Forward
12
31
Ref
GJ1
Debit
189,200.00
GJ11
17,200.00
Credit
Debit Balance
189,200.00
Credit Balance
206,400.00
Account 6600
Supplies
Dec
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
5,300.00
355.00
Credit
Debit Balance
5,300.00
5,655.00
Credit Balance
Ref
Debit
Credit
Debit Balance
0.00
Credit Balance
Ref
Debit
168.00
1,066.40
Credit
Debit Balance
168.00
1,234.40
Credit Balance
1 Balance Forward
Account 6700
1 Balance Forward
15
GJ1
PJ
Account 8000
1 Balance Forward
Account 8100
1 Balance Forward
30
GJ1
CD
12
31
GJ12
1,066.40
168.00
Account 8200
1 Balance Forward
12
31
Ref
GJ1
GJ12
Debit
11,730.40
1,066.40
Page 10 of 25
Credit
Debit Balance
11,730.40
12,796.80
Credit Balance
Account 8250
1 Balance Forward
30
Ref
GJ1
CD
Debit
2,743.40
249.40
Credit
Debit Balance
2,743.40
2,992.80
Credit Balance
Account 8300
1 Balance Forward
Ref
Debit
1,026.00
Credit
Debit Balance
1,026.00
Credit Balance
Ref
Debit
5,016.65
400.10
Credit
Debit Balance
5,016.65
5,416.75
Credit Balance
GJ1
Account 9000
Interest Expense
Dec
12
1 Balance Forward
30
GJ1
CD
12
31
GJ13
7,800.00
13,216.75
Account 9100
Interest Income
Dec
Ref
Debit
Credit
1 Balance Forward
12
31
GJ6
Debit Balance
0.00
375.00
Credit Balance
375.00
Account 9200
Miscellaneous Income/Expense
Dec
Ref
Debit
1 Balance Forward
Page 11 of 25
Credit
Debit Balance
0.00
Credit Balance
Customer 10
Dec
12
CR
12
20 Inv 1204
SJ
Debit
Credit
20,000.00
8000.00
Debit Balance
20,000.00
-
Credit Balance
8,000.00
C 20
Customer 20
Dec
12
12
CR
SJ
12
30 CM 01
SJ
Debit
Credit
25,000.00
24,000.00
3,000.00
Debit Balance
45,000.00
20,000.00
44,000.00
Credit Balance
41,000.00
C 30
Customer 30
Dec
12
12
CR
SJ
Debit
Credit
60,000.00
48,000.00
Debit Balance
60,000.00
48,000.00
Credit Balance
C40
Customer 40
Dec
12
12
12
1
2
5
10
SJ
CR
SJ
Debit
Credit
24,000.00
36,000.00
36,000.00
Debit Balance
12,000.00
36,000.00
36,000.00
Credit Balance
Item 10
Current Cost: $1,000
Stock Item
Dec
12
12
Ref
1 Balance Forward
3
20
PJ
SJ
Debit
Credit
10,000.00
4,000.00
Quantity
Debit Balance
5,000.00
15,000.00
11,000.00
Credit Balance
Debit
Credit
Debit Balance
Credit Balance
5.00
15.00
11.00
10.00
4.00
I 20
Item 20
Current Cost: $1,500
Stock Item
Dec
Ref
12
12
1 Balance Forward
3
10
PJ
SJ
12
31
GJ7
Debit
Credit
Quantity
18,000.00
Debit Balance
6,000.00
21,000.00
3,000.00
3000.00
0.00
15,000.00
Credit Balance
Debit
Credit
Debit Balance
12.00
4.00
14.00
2.00
2.00
0.00
10.00
Credit Balance
I 30
Item 30
Current Cost: $2,000
Stock Item
Dec
Ref
12
12
1 Balance Forward
3
28
PJ
SJ
12
31
SJ
Debit
Credit
Quantity
12,000.00
Debit Balance
14,000.00
24,000.00
12,000.00
12000.00
0.00
10,000.00
Credit Balance
Debit
Credit
Debit Balance
6.00
7.00
12.00
6.00
6.00
0.00
5.00
Credit Balance
I 40
Item 40
Current Cost: $4,000
Stock Item
Dec
12
12
12
Ref
1 Balance Forward
3
5
6
PJ
SJ
PJ
Debit
Credit
40,000.00
32,000.00
60,000.00
Debit Balance
12,000.00
52,000.00
20,000.00
80,000.00
Quantity
Credit Balance
Debit
Credit
10.00
8.00
15.00
Debit Balance
3.00
13.00
5.00
20.00
Credit Balance
F10
March 1, 2012
n/a
Vendor 20
1 Balance Forward
30
Depreciation Method:
Salvage Value:
Ref
Debit
November 2, 2012
n/a
Vendor 20
1 Balance Forward
30
Depreciation Method:
Salvage Value:
Ref
Debit
Disposal Date:
Vendor:
Dec
12
Disposal Date:
Vendor:
Dec
12
12
3,000.00
5 Years
Credit Balance
GJ
Credit Balance
15,000.00
33,000.00
Debit
Accumulated Depreciation
Credit
Debit Balance
500.00
3,000.00
Credit Balance
500.00
3,500.00
F30
October 1, 2013
n/a
Vendor 20
1 Balance Forward
30
Depreciation Method:
Straight Line
Salvage Value:
Ref
Debit
5000
Credit
Annual Depreciation
Useful Life
Debit Balance
50,000.00
4,500.00
10 Years
Credit Balance
GJ
Accumulated Depreciation
Debit
Credit
Debit Balance
1,125.00
Item 40
Purchase Date:
Accumulated Depreciation
Credit
Debit Balance
15,000.00
18,000.00
F20
Item 30
Purchase Date:
Debit
GJ
Item 20
Purchase Date:
Disposal Date:
Vendor:
Dec
12
18,000.00
10 Years
Credit Balance
Credit Balance
1,125.00
F40
December 2, 2013
n/a
Vendor 20
1 Balance Forward
30
30
Depreciation Method:
Straight Line
Salvage Value:
Ref
Debit
PJ
GJ
200
Credit
8,000.00
Annual Depreciation
Useful Life
Debit Balance
1,950.00
4 Years
Credit Balance
Accumulated Depreciation
Debit
Credit
Debit Balance
Credit Balance
8,000.00
162.50
162.50
Vendor 10
1 Balance Forward
30
30
Debit
PR
CD
Credit
Debit Balance
375.00
375.00
Credit Balance
375.00
-
V20
Vendor 20
1 Balance Forward
2
12
Debit
PJ
Credit
Debit Balance
Credit Balance
8,000.00
8,000.00
V30
Vendor 30
Inventory Vendor
Ref
Dec
12
12
12
12
1 Balance Forward
1
3
6
15
Debit
CD
PJ
PJ
CD
Credit
Debit Balance
110,000.00
75,000.00
60,000.00
135,000.00
Credit Balance
110,000.00
75,000.00
135,000.00
-
V40
Vendor 40
1
15
15
30
Balance Forward
Repair Bill V 810
Dues V 907
Advertising Bill VA01
PJ
PJ
PJ
Page 15 of 25
Debit
Credit
1,545.00
500.00
2,500.00
Debit Balance
Credit Balance
1,545.00
2,045.00
4,545.00
Vendor 50
Accounting Vendor
Ref
Dec
12
1 Balance Forward
30 Accounting Bill V 222
Debit
PJ
Credit
Debit Balance
17,000.00
Credit Balance
17,000.00
V60
Vendor 60
Legal Vendor
Ref
Dec
12
1 Balance Forward
30 Legal Bill V723
Debit
PJ
Credit
Debit Balance
9,000.00
Credit Balance
9,000.00
V70
Vendor 70
1 Balance Forward
15 Utilities Bill V654
PJ
Page 16 of 25
Debit
Credit
355.00
Debit Balance
Credit Balance
355.00
Employee 10
Dec
12
1 Balance Forward
30
Ref
PR
PR
0.062
35,200.00
3,200.00
Federal W/H
2,596.00
236.00
Social Security
2,182.40
198.40
Medicare
510.40
46.40
Medical
Insurance
1,155.00
105.00
Net Pay
28,756.20
2,614.20
38,400.00
2,832.00
2,380.80
556.80
1,260.00
31,370.40
Gross
2013 Total
Employee 20
12
1 Balance Forward
30
Ref
PR
PR
$217.00 / period
12
1 Balance Forward
30
Ref
PR
PR
12
1 Balance Forward
30
Social Security
2,387.00
217.00
Medicare
558.25
50.75
42,000.00
2,604.00
2,604.00
609.00
1,260.00
$851.00 / period
0.062
P30
0.0145
Net Pay
32,012.75
2,910.25
34,923.00
Check #
1046
$60
55,000.00
5,000.00
Federal W/H
9,361.00
851.00
Social Security
3,410.00
310.00
Medicare
797.50
72.50
Medical
Insurance
660.00
60.00
60,000.00
10,212.00
3,720.00
870.00
720.00
Gross
Net Pay
40,771.50
3,706.50
44,478.00
Check #
1047
60000-10212-3720-870-720-44478
Ref
PR
PR
$426.00 / period
P40
0.0145
$105
60,500.00
5,500.00
Federal W/H
4,686.00
426.00
Social Security
3,751.00
341.00
Medicare
877.25
79.75
66,000.00
5,112.00
4,092.00
957.00
1,260.00
66000-5122-4092-957-1260-54579
0.062
Medical
Insurance
1,155.00
105.00
Gross
2013 Total
Zero Balance Check:
1045
$105
Federal W/H
2,387.00
217.00
Employee 40
Check #
+42000-2604-2604-609-1260-34923
2013 Total
Dec
P20
0.0145
38,500.00
3,500.00
Employee 30
0.062
Medical
Insurance
1,155.00
105.00
Gross
2013 Total
Dec
$105/period
38400-2832-2380.8-556.8-1260-31370.40
Dec
P10
0.0145
$236.00 / period
Net Pay
50,030.75
4,548.25
54,579.00
Check #
1048
General Journal
Date
GL Acct#
Hash
Total
1100
1110
1200
1205
1300
1500
1505
2100
2220
2700
2710
3100
3120
3200
4100
4500
5600
5800
6300
6500
6700
8100
8200
8250
8400
9000
Posted
Ref
Explanation
GJ1
Cash - Operating Account
Cash - Payroll
Accounts Receivable
Allowance for Doubtful Accounts
Inventory
Fixed Assets - Furniture and Fixtures
Accumulated Depreciation-Fixed Assets
Accounts Payable
Current N/P to banks
Notes Payable to Banks
Other Liabilities
Common Stock
Additional Paid-In Capital-Common Stock
Retained Earnings
Sales
Cost of Goods Sold
Bank Fees
Employee Benefits
Rent Expense
Salaries and Wages
Telephone & Utilities
Taxes - FUTA Expense
Taxes - FICA Expense
Taxes - Medicare Expense
Taxes - SUTA Expense
Interest Expense
109,520
Debit
Credit
372,107.33
10.00
137,000.00
2,000.00
37,000.00
265,500.00
15,500.00
110,000.00
43,660.19
93,516.51
65,000.00
5,000.00
495,000.00
59,340.08
425,000.00
260,760.00
330.00
1,375.00
24,750.00
189,200.00
5,300.00
168.00
11,730.40
2,743.40
1,026.00
5,016.65
1,314,016.78
1,314,016.78
12
30
GJ2
5600 Depreciation Expense
1505 Accumulated Depreciation
22,287.50
22,287.50
22,287.50
22,287.50
7,105
To record annual Depreciation Expense per Fixed Asset Subledger
12
31
GJ3
5400 Bank Fees
5600
Depreciation
320
320
12
12
12
12
31
31
31
31
31
GJ4
5300 Bad Debt Expense
1205
Allowance for Doubtful Accounts
1100
Operating Account-Cash
9100
Interest Income
1300
Inventory
5900 Insurance
1410
Prepaid Insurance
Page 18 of 25
660
660
30
30
375
375
3000
3000
500
1000
1500
General Journal
Date
12
31
12
12
12
12
31
31
31
31
Posted
GL Acct#
Explanation
Ref
1500 Fixed Assets
5100
Accounting Fees
2100
Accounts Payable
5600
Depreciation Expense
8100
FUTA Expense
2190
Interest Payable
Page 19 of 25
Debit
Credit
8000
8000
2000
2000
17,200
17,200
1066.4
1066.4
7800
7800
General Journal
Date
GL Acct#
Posted
Ref
Explanation
Page 20 of 25
Debit
Credit
Payroll Journal
DEBIT
Employee
Name
Date
EMPLOYEE:
12
30
12
30
12
30
12
30
Employee 10
Employee 20
Employee 30
Employee 40
Total
Posted
Ref
Acct #
Gross Pay
6500
Federal
Withholding
2150
FICA
(6.2%)
2160
Medicare
Withheld
(1.45%)
2165
Medical
Insurance
$80 Single
$140 Married
Firm pays 25%
2100
Net Pay
1110
3,200.00
3,500.00
5,000.00
5,500.00
236.00
217.00
851.00
426.00
198.40
217.00
310.00
341.00
46.40
50.75
72.50
79.75
105.00
105.00
60.00
105.00
2,614.20
2,910.25
3,706.50
4,548.25
17,200.00
1,730.00
1,066.40
249.40
375.00
13,779.20
CREDIT
Posted to
Subledger V10
Check No.
1045
1046
1047
1048
Date
Cash
1100
12
12
12
12
12
3
5
10
15
31
Customer 30
Customer 40
Customer 10
Customer 20
Note Payment
Total
60,000.00
35,280.00
20,000.00
25,000.00
2,281.65
142,561.65
CREDIT
Sales Discount
4180
720.00
Amount
60,000.00
36,000.00
20,000.00
25,000.00
Other Account
Posted
Ref
GL Acct #
1240
720.00
141,000.00
Amount
Posted
Ref
2,281.65
2,281.65
Sales Journal
DEBIT
Description
Date
12
12
12
12
12
12
2
5
10
20
28
30
Customer 40
Customer 30
Customer 40
Customer 10
Customer 20
Customer 20
Invoice/
A/R
Credit Memo Subsidiary
#
Acct
1201
1202
1203
1204
1205
CM01
Total
C40
C30
C40
C10
C20
C20
Posted
Ref
CREDIT
Accounts
Receivable
Sales Return
1200
4190
24,000.00
48,000.00
36,000.00
8,000.00
24,000.00
(3,000.00)
3,000.00
137,000.00
3,000.00
COGS
4500
12,000.00
32,000.00
18,000.00
4,000.00
12,000.00
78,000.00
Inventory
Subsidiary
Acct
Posted
Ref
I30
I40
I20
I10
I30
Inventory
1300
12,000.00
32,000.00
18,000.00
4,000.00
12,000.00
Sales
4100
24,000.00
48,000.00
36,000.00
8,000.00
24,000.00
78,000.00
140,000.00
Purchases Journal
DEBIT
Other Acct
Date
Vendor
12
12
2
3
12
12
12
12
12
12
12
15
15
15
30
30
30
Vendor
Invoice #
Inventory
1300
GL Acct #
135,000.00
1500
6400
5700
6700
5100
5200
6000
Amount
8,000.00
1,545.00
500.00
355.00
17,000.00
2,500.00
9,000.00
38,900.00
CREDIT
ACCOUNTS PAYABLE - 2100
Posted
Ref
A/P Subs.
Acct #
Amount
V20
V30
8,000.00
75,000.00
V30
60,000.00
V40
V40
V70
V50
V40
V60
1,545.00
500.00
355.00
17,000.00
2,500.00
9,000.00
173,900.00
Posted
Ref
DEBIT
Other Accounts
Date
12
12
12
12
12
12
12
12
12
12
12
12
1
1
5
15
30
30
30
30
30
30
30
30
Check #
2010
2011
2012
2013
2014
2015
n/a
2016
2017
2018
2019
2020
Description
Vendor 30
Loan (Promissory Note)
Insurance (Life, General)
Vendor 30
Freight Bill
Rent
Transfer to Payroll
Federal Withholding
FICA
Medicare
Medical Insurance
First Bank (Note Payable)
Cash
1100
A/P Subs.
Acct #
Amount
Posted
Ref
110,000.00 V30
75,000.00
18,000.00
135,000.00 V30
5,000.00
2,250.00
13,779.20
1,730.00
2,132.80
498.80
500.00 V10
3,638.35
110,000.00
367,529.15
245,375.00
135,000.00
375.00
GL Acct #
Amount
Other Accounts
Posted
Ref
1240
1410
75,000.00
18,000.00
4800
6300
1110
2150
2160
2165
5800
2700
5,000.00
2,250.00
13,779.20
1,730.00
1,066.40
249.40
125.00
3,238.25
GL Acct #
Amount
Posted
Ref
120,438.25
8200
8250
1,066.40
249.40
9000
400.10
1,715.90