Review
Content
cash
merchandise inventory
store supplies
prepaid insurance
store equipment
accumulated depreciation - store equipment
AP
Helix, capital
Helix, withdraw
income summary
sales
sales discount
sales return and allowances
purchases
purchases discount
purchases return and allowances
trans - in
depreciation expense - store equip
salaries expense
insurance expense
rent expense
store supplies expense
ad expense
Total
Net Sales
Net Purchases
COGS
Gross Profit
total exp
net income
B16-C17C13-B15C18+B19
B14
B28B30
B4+B29-F4
unadjusted
adjustment
debit
credit
debit
28,750
13,000
10,300
5,500
2,400
42,600
19,750
14,000
39,000
2,000
###
13,000
115,800
1,900
2,300
37,750
400
350
1,000
1,975
27,400
1,450
15,000
2,950
9,700
189,300
189,300
29,675
111,600
38,000
40,700
70,900
58,475
12,425
B31-B34
Sum
adjustment
credit
13,000
2,950
1,450
1,975
10,300
29,675
adjusted
debit
credit
28,750
10,300
2,550
950
42,600
21,725
14,000
39,000
2,000
13,000
10,300
115,800
1,900
2,300
37,750
400
350
1,000
1,975
27,400
1,450
15,000
2,950
9,700
201,575
201,575
sales
less
B5-F5
B6-E6
C8+E8
H30+H31
sales discou
sales retur
net sales
beginning inventory
Purchase
less
purchases d
purchases r
add
net purchase
Less ending inventory
COGS
Gross profit
Expense
depreciation expense salaries expense
115,800
1,900
2,300
4,200
I29-I31 111,600
13,000
37,750
400
H35-H36-H37+H38
350
1,000
38,000
I34+I39-I40
10,300
40,700
I32-I41 70,900
1,975
27,400
insurance expense
rent expense
store supplies expense
ad expense
Total
Net income
I42-I50
1,450
15,000
2,950
9,700
SUM(H44:H49)
58,475
12,425
sales journal
Date
Company name
5-Mar Jen Nelson
Cash receipt journal
Date
Company
12-Mar CB
14 Jen Nelson
purchase journal
Date
Company name
4-Mar Mack Comp
11 Defore
cash disbursement journal
Date
Company
21 Defore
Number of invoice
PR
954 ü
Explanation
borrow cash from bank
payment to invoice 954
Date of invoice
Explanation
payment for 11/3
PR
ü
Sales Cr.
AR Dr.
16,800
16,800
Cash Dr.
Note Pay Cr.
26,000
26,000
16,464
PR
3-Mar ü
ü
Purchase Dr. AP Cr.
1,220
1,220
52,600
52,600
PR
ü
cash Cr.
AP Dr.
51,352
52,400
Sales Dis Dr.AR Cr.
336
16,800
Purchase Dis Cr.
1,048
merchandise inventory
store supplies
prepaid insurance
store equipment
accumulated depreciation - store equipment
AP
Helix, capital
Helix, withdraw
income summary
sales
sales discount
sales return and allowances
purchases
purchases discount
purchases return and allowances
trans - in
depreciation expense - store equip
salaries expense
insurance expense
rent expense
store supplies expense
ad expense
Total
Net Sales
Net Purchases
COGS
Gross Profit
total exp
net income
B16-C17C13-B15C18+B19
B14
B28B30
B4+B29-F4
unadjusted
adjustment
debit
credit
debit
28,750
13,000
10,300
5,500
2,400
42,600
19,750
14,000
39,000
2,000
###
13,000
115,800
1,900
2,300
37,750
400
350
1,000
1,975
27,400
1,450
15,000
2,950
9,700
189,300
189,300
29,675
111,600
38,000
40,700
70,900
58,475
12,425
B31-B34
Sum
adjustment
credit
13,000
2,950
1,450
1,975
10,300
29,675
adjusted
debit
credit
28,750
10,300
2,550
950
42,600
21,725
14,000
39,000
2,000
13,000
10,300
115,800
1,900
2,300
37,750
400
350
1,000
1,975
27,400
1,450
15,000
2,950
9,700
201,575
201,575
sales
less
B5-F5
B6-E6
C8+E8
H30+H31
sales discou
sales retur
net sales
beginning inventory
Purchase
less
purchases d
purchases r
add
net purchase
Less ending inventory
COGS
Gross profit
Expense
depreciation expense salaries expense
115,800
1,900
2,300
4,200
I29-I31 111,600
13,000
37,750
400
H35-H36-H37+H38
350
1,000
38,000
I34+I39-I40
10,300
40,700
I32-I41 70,900
1,975
27,400
insurance expense
rent expense
store supplies expense
ad expense
Total
Net income
I42-I50
1,450
15,000
2,950
9,700
SUM(H44:H49)
58,475
12,425
sales journal
Date
Company name
5-Mar Jen Nelson
Cash receipt journal
Date
Company
12-Mar CB
14 Jen Nelson
purchase journal
Date
Company name
4-Mar Mack Comp
11 Defore
cash disbursement journal
Date
Company
21 Defore
Number of invoice
PR
954 ü
Explanation
borrow cash from bank
payment to invoice 954
Date of invoice
Explanation
payment for 11/3
PR
ü
Sales Cr.
AR Dr.
16,800
16,800
Cash Dr.
Note Pay Cr.
26,000
26,000
16,464
PR
3-Mar ü
ü
Purchase Dr. AP Cr.
1,220
1,220
52,600
52,600
PR
ü
cash Cr.
AP Dr.
51,352
52,400
Sales Dis Dr.AR Cr.
336
16,800
Purchase Dis Cr.
1,048
