ACC 225 Week 7 CheckPoint Accounting Information Systems and Special Journals

QS 7-1 1 2 3 4 5

D A B C E

QS 7-3 1 2 3 4 5 6 7 8 9 10 11 12

B D A B B D E A C E B E

Exercise 7-1 Sales Journal Date Mar 7 12 19 31 Account Debited J. Dryer R. Land T. Burton Totals Invoice Number 5704 5705 5706 PR Accounts Receivable Dr. Sales Cr. 1 150 320 550 2 020 Cost of Goods Sold Dr. Inventory Cr. 800 200 350 1 350

Exercise 7-4 Cash Receipts Journal Date Nov . 9 1 3 1 8 2 7 3 0 Account Credited Notes Payable J. Emling, Capital Sales J. York Explanation Note to Bank Additional Investment Cash Sales Invoice PR Cash Dr. 2 750,00 4 000,00 230,00 882,00 18,00 900,00 230,00 Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accounts Cr. 2 750,00 4 000,00 130,00 Cost of Goods Sold Dr. Inventory Cr.

Totals

7 862,00

18,00

900,00

230,00

6 750,00

130,00

Exercise 7-7 Purchase Journal Date of Invoice 6/1 6/14 6/17 Account s Payable Cr. 8 100 240 260 260 Inventory Dr. 8 100 Office Supplies Dr. Other Accounts Dr.

Date Jun. 1 14 17

Account Vick, Inc. Poe Company Rehmer Company

Terms n/30 n/30 n/30

PR

240

30

Totals

8 600

8 100

260

240

Exercise 7-10 Cash Disbursements Journal Date Apr. 9 17 29 30 31 Ck. No. 210 211 212 213 214 Payee Kidman Corp City Bank LeBron B. Decker Scott, Inc. Account Debited Supplies City Bank LeBron Salaries Expense Scott, Inc. PR Cash Cr. 450 1 500 3 430 1 700 2 750 Inventory Cr. Other Accounts Dr. 450 1 500 Accounts Payable Dr.

70 1 700

3 500

2 750

Totals

9 830

70

3 650

6 250