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    P5 4a

    Uploaded by

    Jonny Quest
    1) The document is a general journal for Hafner's Tennis Shop for the month of April containing various debit and credit entries for accounts such as Cash, Accounts Receivable, Merchandise Inventory, Common Stock, Sales, and Cost of Goods Sold. 2) It also includes account balance sheets for Cash, Accounts Receivable, Merchandise Inventory, and Accounts Payable showing the opening balance and changes from journal entries. 3) At the end is a trial balance sheet on April 30th showing debit and credit balances for various accounts at the end of the month.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd

    P5 4a

    Uploaded by

    Jonny Quest
    525 views4 pages
    1) The document is a general journal for Hafner's Tennis Shop for the month of April containing various debit and credit entries for accounts such as Cash, Accounts Receivable, Merchandise Inventory, Common Stock, Sales, and Cost of Goods Sold. 2) It also includes account balance sheets for Cash, Accounts Receivable, Merchandise Inventory, and Accounts Payable showing the opening balance and changes from journal entries. 3) At the end is a trial balance sheet on April 30th showing debit and credit balances for various accounts at the end of the month.

    Original Title

    P5-4A

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    © Attribution Non-Commercial (BY-NC)

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    1) The document is a general journal for Hafner's Tennis Shop for the month of April containing various debit and credit entries for accounts such as Cash, Accounts Receivable, Merchandise Inventory, Common Stock, Sales, and Cost of Goods Sold. 2) It also includes account balance sheets for Cash, Accounts Receivable, Merchandise Inventory, and Accounts Payable showing the opening balance and changes from journal entries. 3) At the end is a trial balance sheet on April 30th showing debit and credit balances for various accounts at the end of the month.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    525 views4 pages

    P5 4a

    Uploaded by

    Jonny Quest
    1) The document is a general journal for Hafner's Tennis Shop for the month of April containing various debit and credit entries for accounts such as Cash, Accounts Receivable, Merchandise Inventory, Common Stock, Sales, and Cost of Goods Sold. 2) It also includes account balance sheets for Cash, Accounts Receivable, Merchandise Inventory, and Accounts Payable showing the opening balance and changes from journal entries. 3) At the end is a trial balance sheet on April 30th showing debit and credit balances for various accounts at the end of the month.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    You are on page 1of 4

    (a)

    General Journal
    Date
    Apr. 4

    10

    11

    13

    14

    15

    17

    18

    J1

    Account Titles
    Merchandise Inventory.............................................
    Accounts Payable...........................................

    Ref.
    120
    201

    Debit
    840

    Merchandise Inventory.............................................
    Cash................................................................

    120
    101

    40

    Accounts Receivable................................................
    Sales...............................................................

    112
    401

    1,150

    Cost of Goods Sold..................................................


    Merchandise Inventory...................................

    505
    120

    790

    Accounts Payable.....................................................
    Merchandise Inventory...................................

    201
    120

    40

    Merchandise Inventory.............................................
    Cash................................................................

    120
    101

    420

    Accounts Payable.....................................................
    Merchandise Inventory...................................

    201
    120

    800

    Cash................................................................

    101

    Merchandise Inventory.............................................
    Accounts Payable...........................................

    120
    201

    900

    Cash
    Merchandise Inventory...................................

    101
    120

    50

    Merchandise Inventory.............................................
    Cash................................................................

    120
    101

    30

    Accounts Receivable................................................
    Sales...............................................................

    112
    401

    810

    Cost of Goods Sold..................................................


    Merchandise Inventory...................................

    505
    120

    530

    Credit
    840

    40

    1,150

    790

    40

    420

    16

    784

    900

    50

    30

    810

    530

    Apr. 20

    21

    27

    30

    Cash..........................................................................
    Accounts Receivable......................................

    101
    112

    500

    Accounts Payable.....................................................
    Merchandise Inventory...................................

    201
    120

    900

    Cash................................................................

    101

    Sales Returns and Allowances.................................


    Accounts Receivable......................................

    412
    112

    30

    Cash..
    Accounts Receivable......................................

    101
    112

    660

    500

    27
    873

    30

    660

    (b)
    Cash

    No. 101

    Date
    Apr.

    Explanation
    1
    6
    11
    13
    15
    17
    20
    21
    30

    Ref.

    Debit

    Credit

    Balance
    J1
    J1
    J1
    J1
    J1
    J1
    J1
    J1

    40
    420
    784
    50
    30
    500
    873
    660

    Accounts Receivable
    Date
    Apr.

    Explanation
    8
    18
    20
    27
    30

    Balance
    2,500
    2,460
    2,040
    1,256
    1,306
    1,276
    1,776
    903
    1,563

    No. 112
    Ref.

    Debit

    J1
    J1
    J1
    J1
    J1

    1,150
    810

    Credit

    Balance

    500
    30
    660

    1,150
    1,960
    1,460
    1,430
    770

    Merchandise Inventory
    Date
    Apr.

    Explanation
    1
    4
    6
    8
    10
    11
    13
    14
    15
    17
    18
    21

    No. 120
    Ref.

    Debit

    Credit

    Balance
    J1
    J1
    J1
    J1
    J1
    J1
    J1
    J1
    J1
    J1
    J1

    840
    40
    790
    40
    420
    16
    900
    50
    30
    530
    27

    Accounts Payable
    Date
    Apr.

    Explanation
    4
    10
    13
    14
    21

    Ref.
    J1
    J1
    J1
    J1
    J1

    Apr.

    Explanation
    1

    Debit

    Credit

    Balance

    840

    840
    800
    0
    900
    0

    40
    800
    900
    900

    No. 311
    Ref.

    Debit

    Credit

    Balance

    Balance
    4,200

    Sales

    No. 401

    Date
    Apr.

    1,700
    2,540
    2,580
    1,790
    1,750
    2,170
    2,154
    3,054
    3,004
    3,034
    2,504
    2,477

    No. 201

    Common Stock
    Date

    Balance

    Explanation
    8
    18

    Ref.
    J1
    J1

    Debit

    Credit

    Balance

    1,150
    810

    1,150
    1,960

    Sales Returns and Allowances


    Date
    Apr.

    Explanation
    27

    No. 412
    Ref.
    J1

    Debit

    Credit

    30

    30

    Cost of Goods Sold


    Date
    Apr.

    (c)

    Explanation
    8
    18

    Balance

    No. 505
    Ref.
    J1
    J1

    Debit

    Credit

    Balance
    790
    1,320

    790
    530

    HAFNERS TENNIS SHOP


    Trial Balance
    April 30, 2008

    Cash...................................................................................................
    Accounts Receivable.........................................................................
    Merchandise Inventory......................................................................
    Common Stock..................................................................................
    Sales...................................................................................................
    Sales Returns and Allowances..........................................................
    Cost of Goods Sold............................................................................

    Debit
    $1,563
    770
    2,477

    Credit

    $4,200
    1,960
    30
    1,320
    $6,160

    $6,160

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