Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
Term Definition
Departmental accounting An accounting system showing accounting information for two
system or more departments
Payroll The total amount earned by all employees for a pay period
Term Definition
A deduction from total earnings for each person legally
Withholding allowance
supported by a taxpayer
Joe’s Electrical Company purchased audio equipment on account from Ely Supply
Company, $850. Purchase Invoice No. 56. Record the correct journal entry.
ACCOUNTS
PURCHASES DEBIT
DOC. POST PAYABLE
DATE ACCOUNT TITLE NO. REF CREDIT AUDIO VIDEO
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3.01 Journalizing Purchases on Account
On July 1, Joe’s Electrical Company purchased audio equipment on account from Ely
Supply Company, $850. Purchase Invoice No. 56. Record the correct journal entry.
ACCOUNTS
PURCHASES DEBIT
DOC. POST PAYABLE
DATE ACCOUNT TITLE NO. REF CREDIT AUDIO VIDEO
2 2
3 3
4 4
3.01 Journalizing Purchases Returns and Allowances
On July 25, Joe returned damaged audio equipment to Ely Supply Company, $150
from Purchase Invoice No. 56. Debit Memo 25. Record the correct journal entry.
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3.01 Journalizing Purchases Returns and Allowances
On July 25, Joe returned damaged audio equipment to Ely Supply Company, $150
from Purchase Invoice No. 56. Debit Memo 25. Record the correct journal entry.
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3.01 Journalizing Cash Payments with a Purchase Discount
On May 1, Joe’s Electrical Company paid cash on account to The Video Supply Shack,
$450, covering Purchase Invoice No. 88 for video equipment for $500, less 1%
discount, $50. Check No. 57.
2. _______________ Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
3.01 Journalizing Cash Payments with a Purchase Discount
On May 1, Joe’s Electrical Company paid cash on account to The Video Supply Shack,
$450, covering Purchase Invoice No. 88 for video equipment for $500, less 1%
discount, $50. Check No. 57.
2. Credit Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
On July 9, paid cash for administrative supplies, $350. Check No. 67.
2. _______________ Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
3.01 Journalizing Cash Payment for Supplies
On July 9, paid cash for administrative supplies, $350. Check No. 67.
2. Credit Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
On July 14, paid cash for utilities expense, $500. Check No. 75.
2. _______________ Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
3.01 Journalizing Cash Payment of an Expense
On July 14, paid cash for utilities expense, $500. Check No. 75.
2. Credit Cash
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
July
14 Utilities Expense C75 500.00 500.00
3.01 Journalizing Sales on Account
On May 1, sold video equipment on account to Nicole’s Camera Shop, $1,500, plus
sales tax $105, total $1,605. Sales Invoice No.35.
SALES JOURNAL
Page 10
SALES SALES CREDIT
SALE POST TAX
DATE ACCOUNT CREDITED PAYABLE
NO REF ACCTS. REC. DR.
CREDIT Audio Video
3.01 Journalizing Sales on Account
On May 1, sold video equipment on account to Nicole’s Camera Shop, $1,500, plus
sales tax $105, total $1,605. Sales Invoice No.35.
SALES JOURNAL
Page 10
SALES SALES CREDIT
SALE POST TAX
DATE ACCOUNT CREDITED PAYABLE
NO REF ACCTS. REC. DR.
CREDIT Audio Video
May
1 Nicole’s Camera Shop 35 1605.00 105.00 1,500
3.03 Journalizing Sales Returns and Allowances
On October 16, gave credit to Nicole’s Camera Shop for returned video equipment,
$500, plus sales tax $35 from Sales Invoice No. 35. Total $535. Credit Memorandum
No. 45.
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3.03 Journalizing Sales Returns and Allowances
On October 16, gave credit to Nicole’s Camera Shop for returned video equipment,
$500, plus sales tax $35 from Sales Invoice No. 35. Total $535. Credit Memorandum
No. 45.
4 4
3.01 Journalizing Cash Receipts with a Sales Discount
On February 14, received cash on account from Big Steve’s Music Store, $1,524.75
covering Sales Invoice No. 50 for audio equipment for $1,605 ($1,500 plus sales tax
$105) less 5% discount $80.25. Receipt No. 99.
1. _______________ Cash
SALES
SALES DISCOUNT
GENERAL CREDIT DEBIT
SALES
ACCOUNTS TAX
DOC POST RECEIVABLE PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT CREDIT CREDIT AUDIO VIDEO AUDIO VIDEO DEBIT
3.01 Journalizing Cash Receipts with a Sales Discount
On February 14, received cash on account from Big Steve’s Music Store, $1,524.75
covering Sales Invoice No. 50 for audio equipment for $1,605 ($1,500 plus sales tax
$105) less 5% discount $80.25. Receipt No. 99.
1. Debit Cash
On January 4, received cash on account from Little Bill’s Music Store, $81.34, covering
Sales Invoice No. 59 for audio equipment for $131.00 ($120 plus sales tax $11.00) less
Credit Memorandum No. 38 for $48.00 ($40.00 plus sales tax $8.00), less 2% discount,
$1.66, Receipt No. 33.
1. _______________ Cash
SALES
SALES DISCOUNT
GENERAL CREDIT DEBIT
SALES
ACCOUNTS TAX
DOC POST RECEIVABLE PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT CREDIT CREDIT AUDIO VIDEO AUDIO VIDEO DEBIT
3.01 Journalizing Cash Receipt with a Sales Return and
Sales Discount
On January 4, received cash on account from Little Bill’s Music Store, $81.34, covering
Sales Invoice No. 59 for audio equipment for $131.00 ($120 plus sales tax $11.00) less
Credit Memorandum No. 38 for $48.00 ($40.00 plus sales tax $8.00), less 2% discount,
$1.66, Receipt No. 33.
1. Debit Cash
SALES
SALES DISCOUNT
GENERAL CREDIT DEBIT
SALES
ACCOUNTS TAX
DOC POST RECEIVABLE PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT CREDIT CREDIT AUDIO VIDEO AUDIO VIDEO DEBIT
Little Bill’s
Jan 4 Music Store R33 83.00 1.66 81.34
3.01 Journalizing Cash and Credit Card Sales
On June 24, recorded cash and credit card sales, audio equipment $3,000, and video
equipment $2,500, plus sales tax $385; total $5,885. Tape No. 89.
1. _______________ Cash
On June 24, recorded cash and credit card sales, audio equipment $3,000, and video
equipment $2,500, plus sales tax $385; total $5,885. Tape No. 89.
1. Debit Cash
Sales Discount
GENERAL Sales Credit Debit
Sales
Accounts Tax
Doc Post Receivable Payable Cash
Date Account Title No. Ref. Debit Credit Credit Credit Audio Video Audio Video Debit
June
24 385 3,000 2,500 5,885
3.01 Preparing a Departmentalized Payroll Register
8. After entering the net pay for all the employees, total
each payroll register amount column. Subtract the
Total Deductions column total from the Total Earnings
Column total.
3.01 Journalizing Payment of a Departmentalized Payroll
On July 15, paid cash for biweekly payroll, $7,100 (total payroll: audio $4,000; video
$3,000; administrative $2,000; less deductions: employee income tax – federal $500,
employee income tax – state $400, social security tax $500, Medicare tax $100, health
insurance $300, life insurance $100). Check no 66.
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
3.01 Journalizing Payment of a Departmentalized Payroll
On July 15, paid cash for biweekly payroll, $7,100 (total payroll: audio $4,000; video
$3,000; administrative $2,000; less deductions: employee income tax – federal $500,
employee income tax – state $400, social security tax $500, Medicare tax $100, health
insurance $300, life insurance $100). Check no 66.
PURCHASES
DISCOUNT
GENERAL CREDIT
ACCOUNTS
CHECK POST PAYABLE CASH
DATE ACCOUNT TITLE NO. REF. DEBIT CREDIT DEBIT AUDIO VIDEO CREDIT
On July 15, recorded employer payroll taxes for the biweekly pay period ended June
30. Taxes owed are social security tax $500, Medicare Tax $100, federal
unemployment tax $70, state unemployment tax $400. Total payroll taxes by
department are Audio $500, Video $400, and Administrative $200. Memorandum No.
34.
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3.01 Journalizing Employer Payroll Taxes
On July 15, recorded employer payroll taxes for the biweekly pay period ended June
30. Taxes owed are social security tax $500, Medicare Tax $100, federal
unemployment tax $70, state unemployment tax $400. Total payroll taxes by
department are Audio $500, Video $400, and Administrative $200. Memorandum No.
34.