Target Population
- Who is the target population of this program?
Objectives
- What are the objectives of the program/project? (Answer the questions for each of the S.M.A.R.T. criteria and guidelines as follows):
- What is to be done for this project? How will you know if it is being done? How will you know when it is finished? Describe the expected results and end product of the work to be done, overall or in phases. Make your descriptions of the activities and outcomes in terms of observables: that is, that which can be observed by an external party.
- What is to be measured and how? How will you know if the program activities meet expectations that were preset, such as goals for quantity, quality, frequency, costs, and deadlines? To what extent can the outcome be measured against some standard of comparison? If qualitative, how will you know?
- Is the program plan doable? By the persons indicated, in terms of their knowledge, capability, availability, motivation? In the time planned? With the available resources, etc.?
RFP #5
Topic: Sexual Harassment in Academia
Program Evaluation Request for Proposal
Sexual Harassment in Academia
Requester: Office of the President of ABC University
ABC University is a private university located in a suburb of a medium-sized metropolitan area. It offers undergraduate and graduate degrees. Approximately 40% of undergraduates and 15% of graduate students live on campus. The remainder commute to campus, with approximately 60% commuting from nearby private housing facilities (e.g., student apartment complexes, homes). Each year, the university admits approximately 500 full-time and 200 part-time undergraduates (all programs, all levels for first admission), 200 full-time and 340 part-time master’s degree students (all programs, all levels for first admission), and 280 full-time and 250 part-time doctoral degree students (all programs, all levels for first admission). Current enrollment, all programs, is approximately 8,500 students.
Problem
Sexual harassment is a problem in academia, especially for women (Abrams, 2018; Cantalupo & Kidder, 2018). Women are 3.5 times more likely than men to experience sexual harassment throughout their academic careers; 64% of female and male trainees have described inappropriate sexual comments when on academic field placements (Clancy et al., 2014). Colleges and universities are required by law to have in place policies and procedures for protecting students from sexual harassment (e.g., training of staff, faculty, and students), reporting and investigating such events, and taking any appropriate follow-up actions (Cantalupo & Kidder, 2018). Victims of sexual harassment in academia continue to be reluctant to confront their harassers or to file formal reports of sexual harassment. These victims often look to peers for emotional and social support but may be revictimized by negative responses from their peers (Orchowski & Gidycz, 2015). Further, few peers who witness or learn about sexual harassment of a female student peer actually take any action to intervene directly to stop the harassment or to offer other, indirect help and support for the victim.
Purpose
For the past 5 years, ABC University has been offering face-to-face two-part training on sexual harassment to new-admission students who elect to participate. The training is offered through the university’s Counseling Center to small groups of 15–20. Part 2 of this training targets attitudes, beliefs, and norms that affect actions that can be taken by victims (similar to information offered in Abrams [2018] and Foster & Fullagar [2018]) and by observers (direct and indirect) of sexual harassment (based on the Bowes-Sperry & O’Leary-Kelly [2005] model of bystander intervention). The university’s Office of the President is seeking an evaluation of the impact of this training on the college community at large with regard to intervention by peers.
This project specifically will address the following questions:
1. Over the years since the expanded questions were introduced on the annual Campus Climate Survey, Comment by Silvia Bigatti: Introduced 10 years ago
a. have there been changes in responses from the student community at large to questions on their experiences, as victim or observers, of sexual harassment?
b. If so, what are the changes?
2. Are there differences in responses from the student community at large to these expanded questions
a. before and after the implementation of the optional face-to-face two-part training on sexual harassment ? If so, Comment by Silvia Bigatti: 5 years of data before and 5 years of data after
b. what are the differences?
3. Are there differences in responses to these expanded questions between students who completed the training and those who did not ? Comment by Silvia Bigatti: These three questions are what we need to create an evaluation plan for
In addition to data from the university Campus Climate Survey, the Office of the President of ABC University will support approved follow-up requests for data and interviews with trainers and students who participated in the training program for further clarification on these students’ experiences, especially with respect to being in the role of observer (direct or indirect) of sexual harassment.
Evaluation Report – Recommendations
Based on the findings, the evaluator also will provide recommendations for possible modifications to enhance the training and outcomes related to peer support of victims of sexual harassment on campus. Comment by Silvia Bigatti: Make sure to remember to include a statement that we will make recommendations based on what we find
Available Information (exclusively through the Office of the President of ABC University)
Report Statistics. University statistics are available on the numbers of formal complaints filed annually by students on sexual assault or sexual harassment on campus or involving another student, or staff or faculty member for the previous 15 years. Limited information on the status of those filings (of investigations and actions) also is available to an approved evaluator who meets security standards.
Annual Campus Climate Survey. Ten years ago, ABC University expanded its annual Campus Climate Survey to collect additional information on student experiences with sexual harassment or assault. The survey is requested of all students, but completion is voluntary; they are administered online and allow for complete anonymity of the student. Annual survey data of interest include the following:
Demographics. Age, gender/gender identity, race/ethnicity, sexual orientation/preferences, year entered ABC University, student classification (undergraduate, graduate, doctoral student), year admitted, college in which their program is offered (not the specific program in order to preserve anonymity), and whether the student completed the voluntary sexual harassment training at ABC University (if yes, year completed; if the student participated in the training more than once, how many times, giving the year completed).
Student’s understanding of university sexual harassment policies. Quiz with six questions based on information on campus policies presented in training and published in Student Handbook. Possible accuracy score: 0–6.
Student’s own experiences with sexual harassment as a student on campus during the past year. Yes–No–Not sure if experienced. Open-ended questions requesting narrative responses to the following: What happened? Who was involved? What did you do? Outcomes for you? Outcomes for harasser? Other outcomes? Other information you would like to share?
Student’s own experiences as an observer of sexual harassment on campus during the past year. Yes–No–Not sure if experienced. Open-ended questions requesting narrative responses to the following: What happened? Who was involved? What did you do? Outcomes for you? Outcomes for harasser? Outcomes for victim? Other outcomes? Other information you would like to share? Comment by Silvia Bigatti: This is the key data because this is what they are most interested in learning, whether observers are doing something different now than before
Conditions of Contract
Budget for contractual evaluation and consultation set at maximum of $85,000. Report must be delivered no later than 12 months from the date of initiation. The report will be confidential and provided only to the Office of the President of ABC University. No data or findings will be shared with any other internal university department or group or external entity (including professional groups and publications) without specific written authorization from the Office of the President of ABC University. The Office of the President will coordinate approved contacts with, and information from, other university divisions, offices, programs, personnel, students, or outside sources.
References and Resources
Abrams, Z. (2018). Sexual harassment on campus. Monitor on Psychology, 49(5), 68.
Retrieved from https://www.apa.org/monitor/2018/05/sexual-harassment.aspx
Bowes-Sperry, L., & O’Leary-Kelly, A. M. (2005). To act or not to act: The dilemma faced by
sexual harassment observers. Academy of Management Review, 30(2), 288–306. Retrieved from the Walden Library databases.
Cantalupo, N. C., & Kidder, W. C. (2018). A systematic look at a serial problem: Sexual
harassment of students by university faculty. Utah Law Review, 2018(3), 671–786. Retrieved from the Walden Library databases.
Clancy, K. B. H., Nelson, R. G., Rutherford, J. N., & Hinde, K. (2014). Survey of academic field experiences (SAFE): Trainees report harassment and assault. PLoS One, 9(7).
Foster, P. J., & Fullagar, C. J. (2018). Why don’t we report sexual harassment? An application
of planned behavior. Basic and Applied Social Psychology, 40(3), 148–160. Retrieved from the Walden Library databases.
Wood, L., Sulley, C., Kammer-Kerwisk, M., Follingstad, D., & Busch-Armendariz, N. (2017).
Climate surveys: An inventory of understanding sexual assault and other crimes of interpersonal violence at institutions of higher education. Violence Against Women, 23(10), 1249–1267. Retrieved from the Walden Library databases.
1. The directions needed are in the file named "Project". All templates to be filled out are on this file. Questions are in order as you go down further the file. All questions/templates need to be filled out for this assignment. There is over 50 pages of questions/templates that need to be filled out. DO NOT SKIP ANY QUESTIONS.
2. The information needed to complete the accounting cycle is in the file named "info".
0201204QZ01A-35
Bright IdeasBright Ideas Light CenterLight Center
Alice Peterson, Owner
Bright Ideas Light Center
Alice Peterson, Owner
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© Copyright 1997-2025, U.S. Career Institute. All Rights Reserved. 0201204QZ01A-35
Acknowledgments Christine Dunlap, Author
Editorial Staff
Janet Perry, BA, Vice President of Academics and Compliance
Brenda Blomberg, BA, CPC, Director of Curriculum
Douglas Larson, MS, Project Manager
Julia Bauernfeind, BS, Editorial Assistant
Jane Bullinger, Editorial Assistant
Jessica Babb-Raymundo, B.A., Graphic Designer
For more inFormation contact:
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Table of Contents
Final Project Background …………………………………………………………………………………………………………………….1 List of Transactions …………………………………………………………………………………………………………1 End-of-the-Week Procedures …………………………………………………………………………………………5 End-of-the-Week Procedures ………………………………………………………………………………………….9 End-of-the-Week Procedures ………………………………………………………………………………………..13 End-of-the-Week Procedures ………………………………………………………………………………………..21 End-of-the-Month Procedures ……………………………………………………………………………………..21 End-of-the-Year Procedures ………………………………………………………………………………………….22 Congratulations! ……………………………………………………………………………………………………………24 Chart of Accounts …………………………………………………………………………………………………………25 Customers …………………………………………………………………………………………………………………….26 Creditors ……………………………………………………………………………………………………………………….27 Audit Check Answers ……………………………………………………………………………………………………27
Previous Year’s Statements Previous Year’s Statements …………………………………………………………………………………………….31
Journals Sales Journal ………………………………………………………………………………………………………………….37 Cash Receipts Journal ……………………………………………………………………………………………………38 Cash Payments Journal ………………………………………………………………………………………………….40 Purchases Journal ………………………………………………………………………………………………………….42 General Journal …………………………………………………………………………………………………………….43
Bank Reconciliation Bank Reconciliation ………………………………………………………………………………………………………51
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General Ledger General Ledgers …………………………………………………………………………………………………………….55
Subsidiary Ledgers Accounts Receivable Subsidiary Ledgers ……………………………………………………………………….85 Accounts Payable Subsidiary Ledger ……………………………………………………………………………..89
Accounting Stationary One Column Accounting Paper …………………………………………………………………………………….93 One Column Accounting Paper …………………………………………………………………………………….95 One Column Accounting Paper …………………………………………………………………………………….97 Two Column Accounting Paper …………………………………………………………………………………….99 Two Column Accounting Paper …………………………………………………………………………………..101 Three Column Accounting Paper ………………………………………………………………………………..103 Three Column Accounting Paper ………………………………………………………………………………..105
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Bright Ideas Light Center
Background Alice Peterson, the sole proprietor of Bright Ideas Light Center, established her business 10 years ago. Bright Ideas Light Center provides custom light fixtures for contractors and has recently grown into a large store that offers a wide variety of light fixtures, as well as installations. Ms. Peterson currently has 16 employees: an office manager, a warehouse manager, a bookkeeper, four electricians, five sales persons, two delivery persons and two stockroom persons.
Ms. Peterson recently hired you as a temporary bookkeeper. You will fill in while the bookkeeper is on maternity leave. Ms. Peterson has asked you to complete the books for December, 20XX. You will journalize each of the transactions that have occurred for the month. Ms. Peterson uses the following journals: sales, cash receipts, cash payments, purchases and the general journal. Additionally, you will issue checks, enter deposits and maintain the checkbook. At the end of the month, Ms. Peterson will ask you to complete a worksheet, a schedule of accounts receivable and payable and the end-of-the-month financial statements. You should also know that Ms. Peterson contracts with an outside company to generate the company’s payroll. However, you will receive a payroll summary on the 15th and the 30th.
List of Transactions Enter each of the following transactions into the appropriate journal that follows the list of transactions. (See journals section beginning on page 37.) Make sure you do not duplicate your entries. (Note: Transactions entered into any of the specialized journals are not also entered into the general journal. Enter each transaction once only.) When making your entries, be sure to use specific account titles. You may refer to the Chart of Accounts on page 25 to assist you.
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December 1, 20XX Trans. 1 Cash register summary
Cash sales merchandise $1,822.41
Sales tax 91.12
Received on account Monique Gonzales 200.00
Total cash 2,113.53
Sales on account Robert Max
Invoice #14892 $326.82
Sales tax 16.34
Total sale 343.16
Enter the cash sales and the received on account into the cash receipts journal; enter each on its own line. Enter the sale on account into the sales journal. The total cash was deposited into the bank account at the close of the day. Make the appropriate adjustments to the checkbook. You will need to follow this same procedure for every cash register summary.
Trans. 2 Issued check 281 in the amount of $2,800.53 to First Steamboat Bank for the monthly mortgage payment for the business. $2,000.00 was applied to the principal, and $800.53 was applied to interest. (Be sure to list the principal separate from the interest. Use the Interest Expense account to record the interest.)
Trans. 3 Issued check 282 in the amount of $568.42 to Public Service to pay for November utilities.
Trans. 4 Issued check 283 in the amount of $5,085.00 to Electrifying Bulb Company to pay for November invoice number 1282.
December 2, 20XX Trans. 5 Cash register summary
Cash sales merchandise $2,942.61
Sales tax 147.13
Received on account Schmidt Contracting 1,193.93
Total cash 4,283.67
Sales on account Julie Adams
Invoice #14893 $142.50
Sales tax 7.13
Total sale 149.63
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Trans. 6 Issued check 284 in the amount of $352.50 to Office Co. for office supplies invoice 282. (Remember to record this transaction to the asset account.)
Trans. 7 Issued check 285 to Webmasters, Inc. in the amount of $350.52 for maintenance of website. This is an advertising expense.
December 3, 20XX Trans. 8 Cash register summary
Cash sales merchandise $2,892.31
Sales tax 144.62
Received on account 0.00
Total cash 3,036.93
Sales on account Racheal Simpson
Invoice #14894 $21.93
Sales tax 1.10
Total sale 23.03
Trans. 9 Issued check 286 to Hospital Texaco for repairs to delivery truck in the amount of $289.89, invoice 652.
Trans. 10 Purchased $2,852.00 in resale items from Light House Supply, terms 2/15, n/30. Purchase order A75587 was issued.
December 4, 20XX Trans. 11 Cash register summary
Cash sales merchandise $2,234.02
Sales tax 111.70
Received on account Rosebud Designers 1,000.00
Total cash 3,345.72
Sales on account Rosebud Designers
Invoice #14895 $120.00
Sales tax 6.00
Total sale 126.00
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Trans. 12 Issued check 287 to the Steamboat Gazette for the amount of $128.98 for an advertisement in Sunday’s newspaper.
Trans. 13 Issued check 288 to Edison’s, a light bulb supplier for resale items purchased in December, purchase order 28999. The amount of the check was $1,971.75, which includes a 2% discount. The total invoice was $2,011.99.
December 5, 20XX Trans. 14 Cash register summary
Cash sales merchandise $3,082.44
Sales tax 154.12
Received on account 0.00
Total cash 3,236.56
Sales on account Ed Miller
Invoice #14896 $592.63
Sales tax 29.63
Total sale 622.26
Trans. 15 Issued check 289 to Mail Ex in the amount of $120.00 for freight on specialty bulbs delivered to the store.
Trans. 16 Issued check 290 to Hospital Texaco for gas purchased for delivery trucks in the amount of $389.95.
December 6, 20XX Trans. 17 Cash register summary
Cash sales merchandise $3,189.22
Sales tax 159.46
Received on account 0.00
Total cash 3,348.68
Sales on account Rosebud Designers
Invoice #14897 $576.76
Sales tax 28.84
Total sale 605.60
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Sales on account Schmidt Contractors
Invoice #14898 $128.99
Sales tax 6.45
Total sale 135.44
Trans. 18 Purchased $2,150.03 in resale items from Starry Night; terms 1/15, n/30. Purchase order 95687 was issued.
Trans. 19 A defective lamp was returned by a customer Jan Smith. Check number 291 was issued in the amount of $152.25. This included $145.00 for the sale price, and $7.25 for the sales tax.
End-of-the-Week Procedures Give yourself a pat on the back! You’ve already completed the first week of transactions. Now, complete the following end-of-the-week procedures:
1. Foot all the columns in all of the specialized journals. Enter the totals beneath the last entry in the journal. Add the debits and the credits (cross- foot), ensuring that they balance. If you find an error, take time to make a correction. (Do not post these column totals at this point. Wait until the end of the month.)
2. Without posting anything to the cash account, determine its current account balance. Then add the footing from the cash receipts journal to the current account balance, and subtract the footing from the cash payments journal. Check this balance against your checkbook. They should match. If they do not match, you have an error. Take a few moments to find your error and make the correction.
3. Alice Peterson likes to have up-to-date information on her customers’ accounts. Post all accounts receivable transactions into the subsidiary ledger. It is not necessary to post to the general ledger at this time. You will post this amount as a column total at the end of the month.
4. Post all accounts payable transactions into the subsidiary ledger. It is not necessary to post the general ledger at this time. You will post this amount as a column total at the end of the month.
5. Post all of the entries entered into the other accounts columns from the cash payments journal.
6. Post any entries that may have been made to the general journal.
7. Answer the following audit check questions:
a. What are Bright Ideas’ total sales for the week? b. What are Bright Ideas’ total purchases for the week? c. What is Robert Max’s account balance?
8. Check your audit check answers on page 27 of this book.
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December 8, 20XX Trans. 20 Cash register summary
Cash sales merchandise $2,426.52
Sales tax 121.33
Received on account 0.00
Total cash 2,547.85
Sales on account Monique Gonzales
Invoice #14899 $89.99
Sales tax 4.50
Total sale 94.49
Trans. 21 Issued check 292 in the amount of $4,856.76 to First Steamboat Bank. A federal deposit was made for this payroll period. Remember that Bright Ideas separates FICA into Social Security Tax Payable and Medicare Tax Payable. An example of this transaction can be found on page 15-22. The deposit breaks down as follows:
Social Security withholdings $993.79
Medicare withholdings 232.42
Federal income tax withholdings 2,404.34
Employer’s contribution to Social Security 993.79
Employer’s contribution to Medicare 232.42
December 9, 20XX Trans. 22 Cash register summary
Cash sales merchandise $3,282.49
Sales tax 164.12
Received on account $0.00
Total cash 3,446.61
Sales on account Schmidt Contracting
Invoice #14900 $1,899.04
Sales tax 94.95
Total sale 1,993.99
Trans. 23 Issued check 293 to Q-cell in the amount of $56.99 for November’s use of the cellphone.
Trans. 24 Issued check 294 to Steamboat Bell in the amount of $189.99 for May’s local phone service.
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December 10, 20XX Trans. 25 Cash register summary
Cash sales merchandise $3,444.89
Sales tax 172.24
Received on account Monique Gonzales 280.42
Total cash 3,897.55
Sales on account Ed Miller
Invoice #14901 $42.45
Sales tax 2.12
Total sale 44.57
Trans. 26 Issued check 295 in the amount of 1,008.42 to Gecko Insurance Company for six months coverage on the delivery trucks.
Trans. 27 Issued check 296 to First Steamboat Bank for the amount of $282.42 for the deposit of the state income tax withholdings.
December 11, 20XX Trans. 28 Cash register summary
Cash sales merchandise $2,392.88
Sales tax 119.64
Received on account Robert Max 499.84
Total cash 3,012.36
Sales on account Ed Miller
Invoice #14902 $82.99
Sales tax 4.15
Total sale 87.14
Trans. 29 Issued check 297 to Hospital Texaco in the amount of $254.55 for delivery truck gas.
Trans. 30 Issued check 298 to Clearly Clean’s Window Washing Service for the amount of $32.99. This is considered maintenance.
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December 12, 20XX Trans. 31 Cash register summary
Cash sales merchandise $3,499.44
Sales tax 174.97
Received on account 0.00
Total cash 3,674.41
Sales on account Schmidt Contracting
Invoice #14903 $242.82
Sales tax 12.14
Total sale 254.96
Trans. 32 Issued check 299 to Light House Supply for resale items purchased in December, purchase order A75587. The amount of the check was $2,794.96, which includes a 2% discount. The total invoice was $2,852.00.
Trans. 33 Issued check 300 to Starry Night for resale items purchased in December, purchase order 95687. The amount of the check was $2,128.53, which includes a 1% discount. The total invoice was $2,150.03.
December 13, 20XX Trans. 34 Cash register summary
Cash sales merchandise $2,842.44
Sales tax 142.12
Received on account 0.00
Total cash 2,984.56
Sales on account None
Trans. 35 Purchased $3,842.00 in resale items from Light House Supply, terms 2/20, n/30. Purchase order B76584 was issued.
Trans. 36 Issued check 301 to First Steamboat Bank in the amount of $852.59 for a note on the delivery trucks. $800.00 was applied to principal and 52.59 to interest.
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End-of-the-Week Procedures Now you have made it through the second week. You have accomplished a lot! Please complete the following end-of-the-week procedures.
1. Foot all the columns in all of the specialized journals. Add the previous footing to your current balances. You will want to keep a cumulative balance versus a balance for each week. Cross foot for accuracy, and correct any errors you may have.
2. Without posting anything to the cash account, determine its current account balance. Add the footing from the cash receipts journal to the current account balance, and subtract the footing from the cash payments journal. Check this balance against your checkbook. They should match. If they do not match, you have an error. Take some time to figure out your error and make the correction.
3. Post all accounts receivable transactions.
4. Post all accounts payable transactions.
5. Post all of the entries entered into the other accounts columns from the cash payments journal.
6. Post any entries that may have been made to the general journal.
7. Answer the following audit check questions: a. Check number 295 issued to Gecko Insurance Company was posted
to which account? b. What was the purchase discount for Starry Night, purchase
order 95687? c. What are the total credit sales for the month thus far?
8. Check your audit check answers on page 27 of this book.
December 15, 20XX Trans. 37 Cash register summary
Cash sales merchandise $3,221.42
Sales tax 161.07
Received on account 0.00
Total cash $3,382.49
Sales on account Schmidt Contracting
Invoice #14904 $192.47
Sales tax 9.62
Total sale 202.09
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Trans. 38 Use the following payroll summary produced by Paid-Rite to make the payroll entries for Bright Ideas Light Center.
Paid-Rite Payroll Summary
Company: Bright Ideas Light Center Payroll period ending: December 15, 20XX
Gross Social Medicare Federal State Net Earnings Security Tax Inc. Tax Inc. Tax Pay 15,888.49 985.09 230.38 2,383.27 476.65 11,813.10
1. Enter the expense and liabilities generated by this payroll period in the general journal. Record the net pay to salaries payable. Refer to lesson 15 if you need assistance.
2. Make an entry in the general journal to record the employer’s contribution to Social Security and to Medicare.
3. Issue check 302 for the total of the net pay to the Bright Ideas Light Center’s payroll account. Make an entry in the Other Accounts column to the salaries payable account in the cash payments journal.
December 16, 20XX Trans. 39 Cash register summary
Cash sales merchandise $1,824.42
Sales tax 91.22
Received on account 0.00
Total cash 1,915.64
Sales on account None
Trans. 40 Issue check 303 in the amount of $56.23 to a customer, Fran Jones, for a defective light fixture that was returned. The original sale was $53.55, and the tax was $2.68.
Trans. 41 Issue check 304 in the amount of $80.87 to Office Co. for supplies to be used in the store.
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December 17, 20XX Trans. 42 Cash register summary
Cash sales merchandise $842.44
Sales tax 42.12
Received on account Julie Adams 289.99
Total cash 1,174.55
Sales on account Monique Gonzales
Invoice #14905 $102.07
Sales tax 5.10
Total sale 107.17
Trans. 43 Issue check 305 to Hospital Texaco for gas purchased for delivery trucks in the amount of $482.65.
Trans. 44 Issue check 306 to the Colorado Department of Revenue in the amount of $1,423.82 for sales tax collected for the month of November 20XX.
December 18, 20XX Trans. 45 Cash register summary
Cash sales merchandise $1,642.43
Sales tax 82.12
Received on account 0.00
Total cash 1,724.55
Sales on account Monique Gonzales
Invoice #14906 $82.37
Sales tax 4.12
Total sale 86.49
Trans. 46 Purchased $5,892.50 in resale items from Light House Supply, terms 2/28, n/30. Purchase order C75657 was issued.
Trans. 47 Issued check 307 to Light House Supply for resale items purchased in December purchase order B76584. The amount of the check was $3,765.16, which includes a 2% discount. The total invoice was $3,842.00.
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December 19, 20XX Trans. 48 Cash register summary
Cash sales merchandise $1,282.99
Sales tax 64.15
Received on account 0.00
Total cash 1,347.14
Sales on account Rosebud Designers
Invoice #14907 $802.37
Sales tax 40.12
Total sale 842.49
Trans. 49 Purchased $5,092.00 in resale items from Edison’s, terms n/30. Purchase order 87127 was issued.
Trans. 50 An investment made by the business matures. Record the principal of $5,000.00, and the interest of $521.22 in the cash receipts journal. Enter the total amount as a cash debit, and make a note of the deposit in the checkbook. (Remember to record the principal separate from the interest. Record the interest as Interest Income.)
December 20, 20XX Trans. 51 Cash register summary
Cash sales merchandise $1,495.00
Sales tax 74.75
Received on account 0.00
Total cash 1,569.75
Sales on account Robert Max
Invoice #14908 $82.47
Sales tax 4.12
Total sale 86.59
Trans. 52 Customer Monique Gonzales returns light bulbs she was unable to use. Alice credits Monique’s account for $94.49—the total sale. The original sale included $4.50 in sales tax.
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End-of-the-Week Procedures Now you have made it through the third week. You are doing great! You only have one more week. Take a few moments to complete the following end-of- the-week procedures.
1. Foot all the columns in all of the specialized journals. Add the previous footing to your current balances. Cross foot for accuracy, and correct any errors you may have.
2. Without posting anything to the cash account, determine its current account balance. Check this balance against your checkbook. They should match. If they do not match, you have an error. Take a few moments to find the error and make the correction.
3. Post all accounts receivable transactions.
4. Post all accounts payable transactions.
5. Post all of the entries entered into the other accounts columns from the cash payments journal.
6. Post any entries that may have been made to the general journal.
7. Answer the following audit check questions: a. What was the net pay for the payroll period ending December 15, 20XX? b. What is the current balance of the sales tax payable account? c. In transaction 50, what three accounts were involved with the recording
of this transaction?
8. Check your audit check answers on page 27 of this book.
December 22, 20XX Trans. 53 Cash register summary
Cash sales merchandise $495.85
Sales tax 24.79
Received on account Ed Miller 452.99
Total cash 973.63
Sales on account Ed Miller
Invoice #14909 $42.47
Sales tax 2.12
Total sale 44.59
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Trans. 54 The bank statement has arrived. Record the service charges in the cash payments journal and the interest in the cash receipts journal. Complete a bank reconciliation for Bright Ideas Light Center. See page 72. Also, make the appropriate adjustments to the checkbook.
First Steamboat Bank Statement from November 15, 20XX to December 15, 20XX
Beginning Balance $18,525.88
Plus 27 Deposits 84,116.12
Minus 45 Withdrawals 73,434.80
Ending Balance 29,207.20
Deposits Date Amount Description Date Amount Description
11-16 $3,448.82 Commercial deposit 12-1 2,113.53 Commercial deposit
11-18 2,894.65 Commercial deposit 12-2 4,283.67 Commercial deposit
11-19 3,764.14 Commercial deposit 12-3 3,036.93 Commercial deposit
11-20 3,021.63 Commercial deposit 12-4 3,345.72 Commercial deposit
11-21 3,789.55 Commercial deposit 12-5 3,236.56 Commercial deposit
11-22 3,644.16 Commercial deposit 12-6 3,348.68 Commercial deposit
11-23 2,457.58 Commercial deposit 12-8 2,547.85 Commercial deposit
11-25 3,384.86 Commercial deposit 12-9 3,446.61 Commercial deposit
11-26 2,336.65 Commercial deposit 12-10 3,897.55 Commercial deposit
11-27 4,533.72 Commercial deposit 12-11 3,012.36 Commercial deposit
11-28 3,006.39 Commercial deposit 12-12 3,674.41 Commercial deposit
11-29 3,283.76 Commercial deposit 12-13 2,984.56 Commercial deposit
11-30 2,213.35 Commercial deposit 12-15 3,382.49 Commercial deposit
Other deposits 12-15 $25.94 Interest
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Checks Date Amount Check Number Date Amount Check Number
11-15 $11,917.53 256 11-30 22.80 279
11-16 532.50 259* 11-30 3,665.61 280
11-17 668.42 257 12-2 2,800.53 281
11-17 4,085.00 258 12-2 568.42 282
11-17 50.50 260 12-4 128.98 287*
11-18 1,571.75 263* 12-4 5,085.00 283
11-18 120.00 264* 12-4 352.50 284
11-19 289.42 261 12-5 289.89 286+
11-19 130.22 262 12-5 1,971.75 288
11-19 352.92 265 12-7 120.00 289
11-20 82.92 266 12-7 389.95 290
11-21 1,208.43 270* 12-8 4,856.76 292+
11-21 5,003.42 267 12-8 56.99 293
11-22 56.99 268 12-11 282.42 296*
11-22 203.42 269 12-11 189.99 294
11-23 302.56 271 12-12 1,008.42 295
11-23 256.55 272 12-12 254.55 297
11-23 64.82 276 12-12 2,794.96 299+
11-24 2,840.24 273 12-13 2,128.53 300
11-24 2,242.62 274 12-15 11,813.10 302+
11-25 852.59 275
11-28 380.87 277
11-29 662.40 278
+ Denotes break in sequence * Denotes break in order
Service charge summary 12-15 $752.56 Credit card processing fee
12-15 25.00 Monthly bank service charge
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December 23, 20XX Trans. 55 Cash register summary
Cash sales merchandise $3,295.25
Sales tax $164.76
Received on account Racheal Simpson $236.42
Total cash $3,696.43
Sales on account None
Trans. 56 Issued check 308 to Light House Supply for resale items purchased earlier in the month, purchase order C75657. The amount of the check was $5,774.65, which includes a 2% discount. The total invoice was $5,892.50.
Trans. 57 Issued check 309 to Clearly Clean’s Window Washing Service for the amount of $32.99.
December 24, 20XX Trans. 58 Cash register summary
Cash sales merchandise $2,562.52
Sales tax 128.13
Received on account 0.00
Total cash 2,690.65
Sales on account Rosebud Designers
Invoice #14910 $142.40
Sales tax 7.12
Total sale 149.52
Trans. 59 Alice Peterson returned some defective light fixtures to Light House Supply. She was issued credit memorandum 952 in the amount of $1,282.42.
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Trans. 60 Issued check 310 in the amount of $4,814.21 to First Steamboat Bank. A federal deposit was made for this payroll period. The deposit breaks down as follows:
Social Security withholdings $985.09
Medicare withholdings 230.38
Federal Income tax withholdings 2,383.27
Employer’s contribution to Social Security 985.09
Employer’s contribution to Medicare 230.38
December 26, 20XX Trans. 61 Cash register summary
Cash sales merchandise $3,861.50
Sales tax 193.08
Received on account 0.00
Total cash 4,054.58
Sales on account Schmidt Contracting
Invoice #14911 $382.49
Sales tax 19.12
Total sale 401.61
Trans. 62 Ms. Peterson reviewed the accounts receivable accounts and has determined Sandy Shores’ account as uncollectible. Bright Ideas does not use an allowance method, so the account will be written off directly. Sandy Shores’ account currently has a balance of $425.99.
Trans. 63 Issued check 311 to Hospital Texaco for gas purchased for delivery trucks in the amount of $452.31.
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December 27, 20XX Trans. 64 Cash register summary
Cash sales merchandise $4,129.99
Sales tax 206.50
Received on account 0.00
Total cash 4,336.49
Sales on account Robert Max
Invoice #14912 $89.99
Sales tax 4.50
Total sale 94.49
Trans. 65 Issued check 312 to Computer World for $1,282.56 for a new computer for the office. (Remember to record this transaction as equipment.)
December 29, 20XX Trans. 66 Cash register summary
Cash sales merchandise $2,898.00
Sales tax 144.90
Received on account 0.00
Total cash 3042.90
Sales on account None
Trans. 67 Issued check 313 to Alice Peterson in the amount of $10,000.00 as a draw from the business.
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December 30, 20XX Trans. 68 Cash register summary
Cash sales merchandise $1,128.39
Sales tax 56.42
Received on account 0.00
Total cash $1,184.81
Sales on account Rosebud Designers
Invoice #14913 $142.53
Sales tax 7.13
Total sale 149.66
Trans. 69 Issue check 314 to Office World for the amount of $129.99 for office supplies.
Trans. 70 Issued check 315 to Hospital Texaco for gas purchased for delivery trucks in the amount of $222.13.
December 31, 20XX Trans. 71 Cash register summary
Cash sales merchandise $2,388.71
Sales tax 119.44
Received on account 0.00
Total cash 2,508.15
Sales on account None
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Trans. 72 Use the following payroll summary produced by Paid-Rite to make the payroll entries for Bright Ideas Light Center.
Paid-Rite Payroll Summary
Company: Bright Ideas Light Center Payroll period ending: December 31, 20XX
Gross Social Medicare Federal State Net Earnings Security Tax Inc. Tax Inc. Tax Pay 17,022.59 1,055.40 246.83 2,553.39 510.68 12,656.29
1. Enter the expense and liabilities generated by this payroll period in the general journal. Record the net pay to salaries payable. Refer to Lesson 15 if you need assistance.
2. Make an entry in the general journal to record the employer’s contribution to Social Security and to Medicare.
3. Issue check 316 for the total of the net pay to the Bright Ideas Light Center’s payroll account. Make an entry in the Other Accounts column to the salaries payable account in the cash payments journal.
Trans. 73 Issue check 317 to reimburse the petty cash fund in the amount of $122.42. The petty cash fund was used to purchase store supplies. (Remember to use the Cash Payments Journal. Make a debit entry to the Other Accounts Column and a credit to the Cash Column.)
Trans. 74 Issue check 318 to the Steamboat Gazette for the amount of $128.98 for an advertisement in Sunday’s newspaper.
Trans. 75 Issue check 319 to Steamboat Sanitation Services for the amount of $156.52 for trash removal.
Trans. 76 Issue check 320 to Dewy, Chetum, and Howe for the amount of $650.00 for legal services provided to the business.
Congratulations! You have completed the last of the transactions.
Complete the following end-of-the-week procedures. For simplicity, include the last two days of this month in the fourth week.
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End-of-the-Week Procedures 1. Foot all the columns in all of the specialized journals. Add the previous
footing to your current balances. Cross foot for accuracy, and correct any errors you may have.
2. Without posting anything to the cash account, determine its current account balance. Check this balance against your checkbook. They should match. If they do not match, you have an error. Take some time to find your error and make the correction.
3. Post all accounts receivable transactions.
4. Post all accounts payable transactions.
5. Post all of the entries entered into the Other Accounts columns from the cash payments journal and the cash receipts journal.
6. Post any entries that may have been made to the general journal.
7. Answer the following audit check questions: a. What accounts were used to write-off Sandy Shores’ account? b. What is the current balance for the delivery expense account? c. What account was used to record the credit card processing fee?
8. Check your audit check answers on page 27 of this book.
End-of-the-Month Procedures 1. Rule the totals from the last footing process.
2. Post the column totals for all of the specialized journals to the appropriate general ledger accounts. Indicate the column has been posted by placing the account number under the column.
3. Verify that all of the individual postings have been made from all of the journals.
4. Figure an account balance for each general ledger account.
5. Complete a schedule of accounts receivable. Compare the total with the accounts receivable general ledger account balance. They should match. If they do not match, you have an error. Be sure to find your error and correct it.
6. Complete a schedule of accounts payable. Compare the total with the accounts payable general ledger account balance. They should match. If they do not match, you have an error and time should be taken to make a correction.
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7. Start the worksheet by completing columns one and two, the Unadjusted Trial Balance columns. List all of the accounts, including any accounts that may not have a balance. Use your chart of accounts as a guide. Transfer the account balances to the worksheet. Add the Debit and Credit columns. They should have a balance of $1,537,699.42. If they do not, find the error and make the correction.
If you have an error, here are some things to take a look at:
1. Did everything get journalized?
2. Are the columns in the specialized journals totaled correctly?
3. Did everything get posted?
4. Are the account balances figured correctly?
5. Were the account balances transferred to the worksheet correctly?
6. Were the columns of the worksheet added correctly?
End-of-the-Year Procedures 1. Record the following adjustments to complete columns three and four of the
worksheet, the Adjustment columns. Label each adjustment accordingly. Refer to Lesson 12 if you need assistance with this step.
a – b. Make the following adjustment to the inventory to record the change to this account over the last accounting cycle. The beginning inventory was $77,800.42, and the ending inventory is $78,223.92.
c. In the last accounting cycle, $2,330.65 of the prepaid insurance has expired. Make an adjustment to record the expense incurred in the used coverage.
d. An inventory of the office supplies on hand shows a current value of $1,077.23. Make an adjustment to record the expense of the used supplies.
e. An inventory of the store supplies on hand shows a current value of $272.32. Make an adjustment to record the expense of the used supplies.
f. An assessment of the building, store fixtures and equipment, and delivery equipment shows the following amounts of depreciation for the last accounting cycle. Building $6,422.00 Store fixtures and equipment 778.00 Delivery equipment 2,332.00
Make an adjustment to record the expense of the depreciation to these accounts.
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g. Record an adjustment for the interest payable on a balloon note due at the end of the year. The note of $5,000.00 at a rate of 9% was taken out at the first of the year to finance a remodeling project. Six months of interest has accrued. Make an adjustment to record the interest expense.
h. Record an adjustment for the accrued FUTA taxes, an amount of $4,822.00. Record the adjustment to payroll taxes expense and payroll taxes payable.
2. Add the Adjustments column. The debits and credit should equal. If they do not, take time to make corrections before you continue.
3. Carry over the new balances to columns five and six, the Adjusted Trial Balance columns.
4. Carry over the revenues, expenses and income summary accounts to columns seven and eight, the Operating Statement columns.
5. Carry over the assets, liabilities and capital accounts to columns nine and ten, the Balance Sheet columns.
6. Journalize and post the adjusting entries.
7. Prepare an operating statement for Bright Ideas Light Center. Use the operating statement from the previous year as a guide. (See Previous Year’s Statements in the following section.)
8. Prepare a capital statement for Bright Ideas Light Center. Use the capital statement from the previous year as a guide. (See Previous Year’s Statements in the following section.)
9. Prepare a balance sheet for Bright Ideas Light Center. Use the balance sheet from the previous year as a guide. (See Previous Year’s Statements in the following section.)
10. Using your worksheet as a guide, close the revenue and other temporary accounts with a credit balance—with the exception of the income summary account. Make these entries in the general journal. You may refer to Lesson 13 if you need assistance with this procedure.
11. Close the temporary accounts with debit balances, with the exception of the income summary account.
12. Post the first two closing entries.
13. In the general journal, make an entry to close the income summary account.
14. In the general journal, make an entry to close the drawing account.
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15. Post the remaining two closing entries.
16. Prepare a post-closing trial balance sheet.
17. Make a reversing entry in the general journal for the adjustment made to interest payable and to payroll taxes payable adjustments g and h.
Congratulations!
You have completed the Project!
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Chart of Accounts Assets 101 Cash 105 Petty Cash 110 Short-term Investment 115 Interest Receivable 120 Accounts Receivable 125 Office Supplies 130 Store Supplies 135 Prepaid Insurance 140 Inventory 145 Land 150 Building 155 Accumulative Depreciation Building 160 Store Fixtures and Equipment 165 Accumulative Depreciation Store Fixtures and Equipment 170 Delivery Equipment 175 Accumulative Depreciation Delivery Equipment
Liabilities 201 Notes Payable 205 Accounts Payable 210 Salaries Payable 215 Social Security Tax Payable 220 Medicare Tax Payable 225 Federal Income Tax Payable 230 State Income Tax Payable 235 Payroll Taxes Payable 240 Sales Tax Payable 245 Interest Payable 250 Mortgage Payable
Owner’s Equity 301 Alice Peterson, Capital 305 Alice Peterson, Drawing 310 Income Summary
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Revenue 401 Sales 405 Sales Returns and Allowances 410 Interest Income
Expenses 501 Purchases 505 Purchase Returns and Allowances 510 Purchase Discount 601 Freight In 605 Salaries Expense 608 Payroll Tax Expense 610 Telephone Expense 615 Utilities Expense 620 Office Supply Expense 625 Store Supply Expense 630 Delivery Expense 635 Advertising Expense 640 Building Maintenance Expense 645 Insurance Expense 650 Bad Debt Expense 655 Accounting and Legal Expense 660 Bank Service Charge Expense 665 Depreciation Expense 670 Trash Removal Expense 675 Interest Expense
Customers Adams, Julie
Gonzales, Monique
Max, Robert
Miller, Ed
Rosebud Designs
Schmidt Contracting
Shores, Sandy
Simpson, Racheal
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Creditors Edison’s Electric
Electrifying Bulb Co.
Light House Supply
Starry Night
Audit Check Answers
Week 1 1. What are Bright Ideas’ total sales for the week? $18,072.64
2. What are Bright Ideas’ total purchases for the week? $5,002.03
3. What is Robert Max’s account balance? $843.00
Week 2 1. Check number 295 issued to Gecko Insurance Company was posted to which
account? Prepaid Insurance
2. What was the purchase discount for Starry Night, purchase order 95687? $21.50
3. What are the total credit sales for the month thus far? $4,266.92
Week 3
1. What was the net pay for the payroll period ending December 15, 20XX? $11,813.10
2. What is the current balance of the sales tax payable account? $14.43
3. In transaction 50, what three accounts were involved with the recording of this transaction? Cash, Short-Term Investment, Interest Income
Week 4 1. What accounts were used to write-off Sandy Shores’ account? Accounts
Receivable, Sandy Shores, Bad Debts Expense.
2. What is the current balance for the delivery expense account? $21,891.48
3. What account was used to record the credit card processing fee? Bank Service Charge Expense
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Previous Year’s Statements
Previous Year’s
Statements
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Previous Year’s Statements Bright Ideas Light Center
Operating Statement Year Ending December 31, 20XX
Operating Revenue Sales $809,082.16 Less Sales Returns 9,682.40 Net Sales $799,399.76 Cost of Goods Sold Beginning Inventory $ 82,592.45 Purchases $444,822.42 Less: Purchase Returns and Allowances 8,523.55 Less: Purchase discounts 2,482.46 Net Purchases $433,816.41 Total Merchandise Available for Sale $516,408.86 Less: Ending Inventory 77,800.42 Cost of Goods Sold 438,608.44 Gross Profit on Sales $360,791.32 Operating Expenses Freight In $300.00 Salaries Expense 180,950.60 Payroll Taxes Expense 46,029.00 Utilities Expense 6,821.04 Telephone Expense 2,963.76 Office Supplies Expense 2,000.65 Store Supplies Expense 482.00 Delivery Expense 3,120.52 Advertising Expense 3,095.52 Building Maintenance Expense 1,791.76 Insurance Expense 3,016.84 Bad Debts Expense 489.44 Accounting and Legal Expense 300.00 Bank Service Charge Expense 8,000.00 Depreciation Expense 10,482.00 Trash Removal Expense 730.72 Total Operating Expenses $270,573.85 Net Income from Operations $ 90,217.47 Other Income Interest Income $ 1,382.42 Other Expenses Interest Expense 11,237.44 Net Nonoperating Expense $ 9,855.02 Net Income for the Year $ 80,362.45
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Bright Ideas Light Center Capital Statement
Year Ending December 31, 20XX
Alice Peterson Capital Ending January 1, 20XX $269,246.92 Net Income for Year $80,362.45 Less Withdrawals for the Year 65,000.00 Increase in Capital 15,362.45 Alice Peterson Capital Ending December 31, 20XX $284,609.37
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Bright Ideas Light Center Balance Sheet
December 31, 20XX Assets Current Assets Cash $32,783.26 Petty Cash 200.00 Short-term Investments 5,000.00 Accounts Receivable 4,823.61 Office Supplies 600.00 Store Supplies 42.00 Prepaid Insurance 8,000.00 Inventory 77,800.00 Total Current Assets $129,248.87 Fixed Assets Land $200,000.00 Building $200,000.00 Less: Accumulated Depreciation 102,000.00 98,000.00 Store Fixtures and Equipment $50,000.00 Less: Accumulated Depreciation 20,000.00 30,000.00 Delivery Equipment $60,000.00 Less: Accumulated Depreciation 30,000.00 30,000.00 Total Fixed Assets $358,000.00 Total Assets $487,248.87
Liabilities and Capital Current Liabilities Notes Payable $32,892.44 Accounts Payable 3,482.50 Salaries Payable 0.00 Social Security Tax Payable 842.92 Medicare Tax Payable 202.86 Federal Income Tax Payable 2,389.47 State Income Tax Payable 253.92 Payroll Tax Payable 4,448.23 Sales Tax Payable 1,820.00 Interest Payable 225.00 Total Current Liabilities $46,557.34 Long-term Liabilities Mortgage Payable 156,082.16 Total Liabilities $202,639.50 Owner’s Equity Alice Peterson Capital 284,609.37 Total Liabilities and Owner’s Capital $487,248.87
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Journals
Journals
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Sales Journal Page 14 Bright Ideas Light Center
Date 20XX
Invoice # Customer’s Name P/R Accounts
Receivable Dr Sales Tax
Payable Cr Sales
Cr
Sales Journal
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Cash Receipts Journal Page 14 Bright Ideas Light Center
Date
Acct Credited
P/R
Acct Rec. Cr
Sales Tax Payable Cr
Sales Cr
Other Accounts Credit Cash DrAcct Title P/R Amt.
Cash Receipts Journal
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Cash Receipts Journal Page 15 Bright Ideas Light Center
Date
Acct Credited
P/R
Acct Rec. Cr
Sales Tax Payable Cr
Sales Cr
Other Accounts Credit Cash DrAcct Title P/R Amt.
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Cash Payments Journal Page 14 Bright Ideas Light Center
Date Check
No. Payee P/R Acct Payable Dr
Other Accounts Debit Purchase Discount Cr Cash CrAcct Title P/R Amt
Cash Payments Journal
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Cash Payments Journal Page 14 Bright Ideas Light Center
Date Check
No. Payee P/R Acct Payable Dr
Other Accounts Debit Purchase Discount Cr Cash CrAcct Title P/R Amt
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Purchases Journal Bright Ideas Light Center
Page 14
Date Acct Credited P/R Inv Nbr Terms Acct Pay. Cr Purchase Dr
Other Accounts Debit Acct Title P/R Amt.
Purchases Journal
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General Journal Page 18
1 2
Date Description P/R Dr Cr 20XX
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
General Journal
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General Journal Page 19
1 2
Date Description P/R Dr Cr 20XX
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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General Journal Page 20
1 2
Date Description P/R Dr Cr 20XX
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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General Journal Page 21
1 2
Date Description P/R Dr Cr 20XX
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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General Journal Page 22
1 2
Date Description P/R Dr Cr 20XX
1 2 3 4 5 6 7 8 9
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
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Bank Reconciliation
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Bank Reconciliation
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General Ledger
General Ledger
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1 2 Date Description 20XX Cash Acct #101 P/R Dr Cr
1 12 1 Beginning Balance 2 2 7 4 0 64 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Petty Cash Acct #105 P/R Dr Cr
1 12 1 Beginning Balance 2 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
General Ledgers
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1 2 Date Description 20XX Short Term Invstmt Acct #110 P/R Dr Cr
1 12 1 Beginning Balance 5 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Interest Receivable Acct #115 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Accounts Receivable Acct #120 P/R Dr Cr
1 12 1 Beginning Balance 4 5 7 9 58 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Office Supplies Acct #125 P/R Dr Cr
1 12 1 Beginning Balance 1 3 0 0 82 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Store Supplies Acct #130 P/R Dr Cr
1 12 1 Beginning Balance 3 2 5 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Prepaid Insurance Acct #135 P/R Dr Cr
1 12 1 Beginning Balance 3 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Inventory Acct #140 P/R Dr Cr
1 12 1 Beginning Balance 7 7 8 0 0 42 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Land Acct #145 P/R Dr Cr
1 12 1 Beginning Balance 2 0 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Building Acct #150 P/R Dr Cr
1 12 1 Beginning Balance 2 0 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Accumulated Dep Bldg Acct #155 P/R Dr Cr
1 12 1 Beginning Balance 1 0 2 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Store Fixt & Equip Acct #160 P/R Dr Cr
1 12 1 Beginning Balance 5 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Acc Dep St Fix & Equ Acct #165 P/R Dr Cr
1 12 1 Beginning Balance 2 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Delivery Equipment Acct #170 P/R Dr Cr
1 12 1 Beginning Balance 6 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Acc Dep Deliv Equip Acct #175 P/R Dr Cr
1 12 1 Beginning Balance 3 0 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Notes Payable Acct #201 P/R Dr Cr
1 12 1 Beginning Balance 2 6 8 9 2 48 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Accounts Payable Acct #205 P/R Dr Cr
1 12 1 Beginning Balance 7 0 9 6 99 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Salaries Payable Acct #210 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Social Security Pay Acct #215 P/R Dr Cr
1 12 1 Beginning Balance 1 9 8 7 58 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Medicare Tax Pay Acct #220 P/R Dr Cr
1 12 1 Beginning Balance 4 6 4 84 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Fed Income Tax Pay Acct #225 P/R Dr Cr
1 12 1 Beginning Balance 2 4 0 4 34 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX State Inc Tax Pay Acct #230 P/R Dr Cr
1 12 1 Beginning Balance 2 8 2 42 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Payroll Tax Payable Acct #235 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Sales Tax Payable Acct #240 P/R Dr Cr
1 12 1 Beginning Balance 1 4 2 3 82 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Interest Payable Acct #245 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Mortgage Payable Acct #250 P/R Dr Cr
1 12 1 Beginning Balance 1 4 7 7 8 4 62 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Alice Peterson Cap Acct #301 P/R Dr Cr
1 12 1 Beginning Balance 2 8 4 6 0 9 37 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Alice Peterson Draw Acct #305 P/R Dr Cr
1 12 1 Beginning Balance 8 7 0 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Income Summary Acct #310 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Sales Acct #401 P/R Dr Cr
1 12 1 Beginning Balance 8 3 0 4 2 3 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Sales Rtn & Allow Acct #405 P/R Dr Cr
1 12 1 Beginning Balance 3 1 6 8 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Interest Income Acct #410 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Purchases Acct #501 P/R Dr Cr
1 12 1 Beginning Balance 3 2 8 1 1 3 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Purchase Rtn & Allow Acct #505 P/R Dr Cr
1 12 1 Beginning Balance 8 2 4 2 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Purchase Discount Acct #510 P/R Dr Cr
1 12 1 Beginning Balance 3 4 4 3 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Freight In Acct #601 P/R Dr Cr
1 12 1 Beginning Balance 1 3 2 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Salaries Expense Acct #605 P/R Dr Cr
1 12 1 Beginning Balance 3 3 4 8 9 2 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Payroll Tax Exp Acct #608 P/R Dr Cr
1 12 1 Beginning Balance 3 3 7 8 6 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Telephone Expense Acct #610 P/R Dr Cr
1 12 1 Beginning Balance 2 7 0 6 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Utilities Expense Acct #615 P/R Dr Cr
1 12 1 Beginning Balance 6 2 4 8 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Office Supply Exp Acct #620 P/R Dr Cr
1 12 1 Beginning Balance 3 8 2 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Store Supply Exp Acct #625 P/R Dr Cr
1 12 1 Beginning Balance 5 6 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Delivery Expense Acct #630 P/R Dr Cr
1 12 1 Beginning Balance 1 9 8 0 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Advertising Exp Acct #635 P/R Dr Cr
1 12 1 Beginning Balance 2 8 3 7 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Build & Maint Exp Acct #640 P/R Dr Cr
1 12 1 Beginning Balance 7 2 5 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Insurance Exp Acct #645 P/R Dr Cr
1 12 1 Beginning Balance 1 2 5 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Bad Debt Expense Acct #650 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Acct & Legal Exp Acct #655 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Bank Srv Chg Exp Acct #660 P/R Dr Cr
1 12 1 Beginning Balance 8 2 5 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Depr Expense Acct #665 P/R Dr Cr
1 12 1 Beginning Balance 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
1 2 Date Description 20XX Trash Removal Exp Acct #670 P/R Dr Cr
1 12 1 Beginning Balance 1 7 2 1 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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1 2 Date Description 20XX Interest Expense Acct #675 P/R Dr Cr
1 12 1 Beginning Balance 9 3 5 0 00 2 3 4 5 6 7 8 9
10 11 12 13 14 15
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Subsidiary Ledgers
Subsidiary Ledgers
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Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Adams, Julie 1410 Yampa, Steamboat Springs, CO 80487
12 1 Beginning Balance 2 8 9 99
Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Gonzales, Monique 2133 1st St., Steamboat Springs, CO 80487
12 1 Beginning Balance 4 8 0 42
Accounts Receivable Subsidiary Ledgers
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Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Max, Robert 1042 Warren Ave., Steamboat Springs, CO 80487
12 1 Beginning Balance 4 9 9 84
Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Miller, Ed 482 5th St., Steamboat Springs, CO 80487
12 1 Beginning Balance 4 5 2 99
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Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Rosebud Designers 877 Main St., Steamboat Springs, CO 80487
12 1 Beginning Balance 1 0 0 0 00
Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Schmidt Contracting P.O. Box 924, Steamboat Springs, CO 80487
12 1 Beginning Balance 1 1 9 3 93
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Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Shores, Sandy 924 Mountain Dr., Steamboat Springs, CO 80487
12 1 Beginning Balance 4 2 5 99
Date Description P/R Dr Cr Bal
Accounts Receivable Ledger
Simpson, Racheal P.O. Box 920, Steamboat Springs, CO 80487
12 1 Beginning Balance 2 3 6 42
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Date Description P/R Dr Cr Bal
Accounts Payable Ledger
Edison’s Electric 410 4th St., Steamboat Springs, CO 80487
12 1 Beginning Balance 2 0 1 1 99
Date Description P/R Dr Cr Bal
Accounts Payable Ledger
Electrifying Bulb Co. P.O. Box 822, Steamboat Springs, CO 80487
12 1 Beginning Balance 5 0 8 5 00
Accounts Payable Subsidiary Ledger
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Date Description P/R Dr Cr Bal
Accounts Payable Ledger
Light House Supply 411 10th St., Steamboat Springs, CO 80487
12 1 Beginning Balance 0 00
Date Description P/R Dr Cr Bal
Accounts Payable Ledger
Starry Night P.O. Box 222, Steamboat Springs, CO 80487
12 1 Beginning Balance 0 00
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Accounting Stationary
Accounting Stationary
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One Column Accounting Paper
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94
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One Column Accounting Paper
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96
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One Column Accounting Paper
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Bookkeeping
98
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Two Column Accounting Paper
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Bookkeeping
100
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Two Column Accounting Paper
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102
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Three Column Accounting Paper
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104
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Three Column Accounting Paper
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Bookkeeping
106
Congratulations You have completed
the Bookkeeping Course!
