Acc225 Fundamental Accounting Principles: P7-5A Choi Enterprises (Special Journals)

Acc225 Fundamental Accounting Principles

P7-5A 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

Requirements:

- Special Journals, Post to Ledgers, Accounts Receivable Ledger, Accounts Payable Ledger, Trial Balance

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