40 14. Working Popers MASTERY PROBLEM (concluded) Don con s-e CHALISNOE PROBLEM, p. 87 (103, 4,5,6,7 54 - Working Pepers - Dennis Marier, Drawing - Sales - Misceliancous Expense Joumalize each transaction completed during March. Use page 1 of the fournal. Source documents are abbreviated as follows: check - C; receipt - R. (You will use the same fournal for 3.2 Application Problem.) Transactions: 1) March 1 - Recelved cash from owner as an investment, 55,000.00,R1 2) March 4 - Pald cash for supplies, $1,500.00,Cl. 3.2 Work Together - Journalizing entries in a general journal Norma Dirks owns Dirks Copy Center which uses the following accounts. - Cash - Accounts Receivable - K. Spah - Supplles - Preparid Insurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense Joumalize each transaction completed during April entries will be made on the next blank line of the journal. Source documents are abbreviated as follows: check - C; receipt - R; memorandum - M. (You will use the same Journal for Work Together 33.) Transactions: 1) April 5 - Bought supplies on account from Supply Mart, $600.00,M1 2) April 7 - Paid cash for insurance, $500.00,C2. 3) April 9 - Paid cash on account to Supply Mart, $300,00,C3. 3.2 On Your Own - Journalize entries in a general ledger Michelle Sullivan owns Sullivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplies - Prepaid Insurance - Accounts Payable - Bayside Supplies - Michelle Sullivan, Capital - Michelle Sullivan, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Journalize each transaction completed during June entries will be made on the next blank line of page 1 of the journal. Source documents are abbreviated as follows: check C; receipt R; memorandum - M. (You will use the same journal for On Your Own 3-3.) 2 SOURCE DOCUMENTS PROBLEM (eOntinued) Chopter 3 Joumalizing Transoctions 49 4-2 Journolixing entritis in a peneral journe! 3-3 Journolizing trensachions thent affournal Chapler 3 Journd zing Transoctions 41 a. DOCUMENTS PROBLEM (concluded) Chopher 3 Journalizing Transoctions 53 48. Working Papers 3.5 SOURCE DOCUMENTS PROBLEM (Continued) 50. Woking Popers 3. Journelizing fronaoctions that che genarel fournal [Lot, 4, 5, 6,7) 3.4.1 Starting a new lournal pege |NO3 Transactions: 1) June 23 - Sold services on account to G, Stratton, $515.00,52. 2) June 24 - Pald cash for advertising, $165,00,C7 2) June 25 - Recelved cash from sales, $1,100.00,T25. 4) June 26 - paid cash for deliven fratton, $635.00,R3. 6) June 27 - Paid cash for postage (Miscellane $210.00, C10. 7) June 28 - paid cash for supplies, $210.00,0.00,T30. 8) June 30 - Received cash from sal page 3.4.1 Application Problem: Starting anew. D. M Company uses the following accounts. - Cash - Accounts Recelvable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense * Dennis Marier, Capital noumaize each transaction complank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt R; memorandum - M. Transactions: 1) March 26 - Received cash on account from Scott Company, $100.00,R3, 2) March 26 - Paid cash for a delivery (Miscellaneous Expense), $15.00,C9. 3) March 27 - Sold services on account to Scott Company, $400.00,52. 4) March 27 - Paid cash for supplies, $22.00,C10. 5) March 28 - Paid cash for rent, $100.00,C11. 6) March 29 - Paid cash for postage (Miscellaneous Expense), $44.00,C12. 7) March 31 - Received cash from sales, $685.00, T31. 8) March 31 - Paid cash to owner as withdrawal of equity, $400.00,C13. 3.4.2 Application Problem: Journalizing transactions Mundt Services uses the following accounts. - Cash - Accounts Receivable - J. Lepowsky - Supplies - Prepaid Insurance - Accounts Payable - Southern Supplies - Mikaela Mundt, Capital - Mikaela Mundt, Drawing - Sales - Advertising Expense - Utilities Expense Journalize each transaction completed during August of the current year. Use page 1 of the journal given in the Working Papers. Remember to record appropriate source document numbers. Chapter 3 Problems Packet Instructions - Work Together, Application and Mastery Problems Use the working papers to complete these assignments: 3/1 Work Together - Journalixe entries in a general ledger Worma Dirks owns Dirks Copy Center which uses the following accounts. * Cash - Accounts Receivable - K. Spah * Supplies - Prepaid tnsurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing * Sales - Miscelianeous Expense - Rent Expense - Utilities Expense Journalize each transaction completed during April. Use page 1 of the journal. Source documents are abbreviated as follows: check- C;receipt R, (You will use the same journal for Work Together 3-2.) Transactions: 1) April 1 - Received cash from owner as an investment, $2,800.00,R1 2) April 2 - Paid cash for supplies, $455,00, C1. 3.1 On Your Own - Journalize entries in a general ledger Michelle Sullivan owns Sullivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplies - Prepaid Insurance - Accounts Payable - Bayside Supplies - Michelle Sullivan, Capital - Michelle Sullivan, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Journalize each transaction completed during June. Use page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt - R. (You will use the same journal for On Your Own 3-2.) Transactions: 1) June 2 - Received cash from owner as an investment, $3,200.00,R1 2) June 3 - Paid cash for supplies, $600.00, C1. 3.1 Application Problem: Journalizing transactions in a general journal D \& M Company uses the following accounts. - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital 1 12) May 10 - Paid cash for repairs, $194.00,06. 14) May 11 - Pad cash for miscellaneous expense, 520.00,C7 15) May 11 - Recelved cash from sales; $315,00, T11. 15) May 12 - Received cash from sales, $450.00,T12. 17) May 15 - Paid cash to owner as a withdrawal of equity for personal use, $2,000,00, CO. 18) May 15 - Received cosh from sales, $450,00,115. 19) May 16 - Paid cash for supplies, $550.00,C9 20) May 17 - Recelved cosh on occount from Zachary's Limos, \$115.00. R2. 21) May 17 - Bought supplies on account from OK Supplies, $300,00,M2. 22) May 17 - Received cash from sales, $250.00, T17 23) May 19 - Received cash from sales, $325.00, T19. 24) May 22 - Bought supplies on account from OK Supplies, $30.00,M3. 24) May 22 - Bought supplies on account trom 22 - Received cash from sales, 5305,00,122. 26) May 23 - Sold services on account to Zachary's Limos, $291,00,52. 27) May 24 - paid cash for advertising, $75,00,C10. 28) May 24 - Received cash from sales, $150.00,R24. 29) May 24 - Received cash from sales, $150.00, Received cash from sales, $385.00,T25. 30) May 26 - Paid cash for supplies, $45,00,C11 31) May 26 - Received cash from sales, $150.00, T26. 32) May 29 - Received cash on account from Zachary's Limos, $175,00,R3. 33) May 31 - Paid cash to owner as withdrawal of equity, $2,250,00,C12. 34) May 31 - Received cash from sales, $250.00, T31. 3.S Source Documents Problem: Journalizing transactions from source documents White's Repair Service uses the following accounts. - Cash - Accounts Receivable - J. Puckett - Supplies - Prepaid Insurance - Accounts Payable - Atlas Supplies - Henry White, Capital - Henry White, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense Use the source documents related to the transactions for White's Repair Service provided in the working papers to journalize the entries for June. Source documents are abbreviated as follows: check - C; receipt - R; memorandum - M; sales invoice, 5 ; calculator tape, T. 3- C Challenge Problem: Journalizing transactions using a variation of the general journal. Grab a copy of the textbook to get the instructions. This assignment is extra credit. 3.2 Jeurnalining fronsections in 3.2 Journelising fronsections in a enneral joumal (LO3, 4] 3-3 journal (LOS, 4, 5) 3-4.1 Starting a new journel pos, 6,7 ). (tos, 4, 5, 6, 7, at: Chapter 3 Joumalizing Transoctions 1) August 1 business, Receipt No 1 . 2) August 3 - Used business cash to purchase supplies costing $216.00, Wrote Check No. 1 . August 4 - Wrote Check No 2 for insurance, $245.00. 3) August 4 Wugust 5 - Purchased check No 2 for insurance, $245.00, Supplies, promising to send the for $68.00 over the phone from Southern Supplies, promising to send the check next week, Memo No. 1 . August 11 - Sent check No, 3 to Southern Supplies, $68.00 6) August 12 - Sent check for the electricity bill, $180,00. Check number 4 . 7) August 15 - Wrote a $800,00 check to Ms. Mundt as a withdrawal of equity. for personal use. Used Check no, 5 . 8) August 16 - Sold services for $412.00 to J. Lepowsky, who agreed to pay for them within ten days. 9) August 17 - Recorded cash sales of $1,179,00. Calculator tape dated August 17. T17. 2) August 25 - Received $412.00 from J, Lepowsky for the services performed previously, Wrote Receipt no. 2 . 3.M Mastery Problem: Journalizing transactions and starting a new journal page Sadie's Car Wash uses the following accounts. - Cash - Accounts Receivable - Zachary's Limos - Supplies - Prepaid Insurance - Accounts Payable - OK Supplies - Accounts Payable - Archer Supplies - Sadie Berkowitz, Capital - Sadie Berkowitz, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense - Utilities Expense - Repairs Expense Journalize each transaction completed during May of the current year. Use page 1 of the journal given in the Working Papers for transactions between May 1 and 15. Remember to record appropriate source document numbers. Page 2 will be used for the remaining transactions in May. Transactions: 3) May 1 - Received cash from owner as an investment, $8,000.00.R1. 4) May 2 - Paid cash for supplies, $150.00Cl. 5) May 3 - Paid cash for rent, $450.00,C2. 6) May 4 - Bought supplies on account from Archer Supplies, $850.00,M1. 7) May 5 - Paid cash for electric bill, $123.00C3. 8) May 8 - Paid cash on account to Archer Supplies, $500.00,C4. 9) May 8 - Received cash from sales, $490.00, T8. 10) May 8 - Sold services on account to Zachary's Limos, $225.00,51. 11) May 9 - Paid cash for insurance, $600.00,C5. Transactions: 1) June 23 - Sold services on account to G, Stratton, $515.00,52. 2) June 24 - Pald cash for advertising, $165,00,C7 2) June 25 - Recelved cash from sales, $1,100.00,T25. 4) June 26 - paid cash for deliven fratton, $635.00,R3. 6) June 27 - Paid cash for postage (Miscellane $210.00, C10. 7) June 28 - paid cash for supplies, $210.00,0.00,T30. 8) June 30 - Received cash from sal page 3.4.1 Application Problem: Starting anew. D. M Company uses the following accounts. - Cash - Accounts Recelvable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense * Dennis Marier, Capital noumaize each transaction complank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt R; memorandum - M. Transactions: 1) March 26 - Received cash on account from Scott Company, $100.00,R3, 2) March 26 - Paid cash for a delivery (Miscellaneous Expense), $15.00,C9. 3) March 27 - Sold services on account to Scott Company, $400.00,52. 4) March 27 - Paid cash for supplies, $22.00,C10. 5) March 28 - Paid cash for rent, $100.00,C11. 6) March 29 - Paid cash for postage (Miscellaneous Expense), $44.00,C12. 7) March 31 - Received cash from sales, $685.00, T31. 8) March 31 - Paid cash to owner as withdrawal of equity, $400.00,C13. 3.4.2 Application Problem: Journalizing transactions Mundt Services uses the following accounts. - Cash - Accounts Receivable - J. Lepowsky - Supplies - Prepaid Insurance - Accounts Payable - Southern Supplies - Mikaela Mundt, Capital - Mikaela Mundt, Drawing - Sales - Advertising Expense - Utilities Expense Journalize each transaction completed during August of the current year. Use page 1 of the journal given in the Working Papers. Remember to record appropriate source document numbers. Transactions: 1) June 5 - Paid cash for insurance, $300.00,C2. 2) June 9 - Bought supplies on account from Bayside Supplies, $700.00, M1. 3.2 Application Problem: Journationt to Bayside Supplies, $400.00,C3. and paying on account in a general Journaliz buy insurance, buying on account D \& M Company uses the following accounts. - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital Journalize each transaction completed during March entries will be made on the next blank line of page 1 of the joumal. Source documents are abbreviated as follows; check - C; receipt - R; memorandum - M. (You will use the same journal Transactions: - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expens 1) March 6 - Paid cash for insurance, $300.00,C2 3) March 7 - Bought supplies on account from Supply Mart, $1,000.00,M1 4) March 8 - Paid cash on account to Supply Mart, $500.00,C3. 4) March 12 - Paid cash on account to Supply Mart, $500.00, C4. a general journal Norma Dirks owns Dirks Copy Center which uses the following accounts. - Cash - Accounts Receivable-K. Spah - Supplies - Prepaid Insurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense lournalize each transaction completed during April entries will be made on the next lank line of the journal. Source documents are abbreviated as follows: check - C; eceipt - R; memorandum - M; sales invoice, S; calculator tape, T. (You will use he same journal for Work Together 3-4.) ransactions: 1) April 12 - Paid cash for rent, $650.00,C4. 2) April 13 - Received cash from sales, $2,500.00,T13. 3 fournalizing transactions (LOS, 4. S. A x Chopter 3 Joumalizing Tronsoctions 45 52. Working Popers 3-1 Journalixing entries in a general journel 3-2 Jourmoliaing entries in a general fournel 3-3 Journoliring transections that offect ownars equity in a general foumal Chapler 3 Journalizing Transoctions 39 IS. suopposuby Burzipunor iadoys s-e CHALISNOE PROBLEM, p. 87 (103, 4,5,6,7 54 - Working Pepers 3) Aprit 14 - Sold services on account to K,5pah,$480.00,$1. 4) April 19 - Paid cash for electric bill, $220.00, C5 5) April 20 - Recelved cash on account from K. Spah, $255.00.R2. 5) April 21 - Pald cash to owner as a withdrawal of equity, $1,500.00,C6 3.3 On Your Own - Journalizing transactions that affect owner's equity in a general journal Michelle Sulivan owns Sultivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplles - Prepaid Insurance - Accounts Payable - Bayside - Michelle Sullivan, Capital - Michelle Sullivan, Drawing * Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Supplies Journalize each transaction completed during June entries will be made on the next blank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; recelpt - R; memorandum - M; sales invoice, S; calculator tape, T. (You will use the same foumal for On Your Own 3-4.) Transactions: 1) June 11 - Paid cash for rent, $750.00,C4. 2) June 12 - Sold services on account to G. Stratton, $800.00,51. 3) June 16 - Received cash from sales, $4,300.00,T16. 4) June 17 - Paid cash for postage (Miscelianeous Expense), $37.00,C5 5) June 19 - Received cash on account from G. Stratton, $500,00, R2. 6) June 20 - Paid cash to owner as a withdrawal of equity, $1,200.00,C6. 3.3 Application Problem: Journalizing buying insurance, buying on account and paying on account in a general journal D \& M Company uses the following accounts: - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense 40 14. Working Popers MASTERY PROBLEM (concluded) Don con s-e CHALISNOE PROBLEM, p. 87 (103, 4,5,6,7 54 - Working Pepers - Dennis Marier, Drawing - Sales - Misceliancous Expense Joumalize each transaction completed during March. Use page 1 of the fournal. Source documents are abbreviated as follows: check - C; receipt - R. (You will use the same fournal for 3.2 Application Problem.) Transactions: 1) March 1 - Recelved cash from owner as an investment, 55,000.00,R1 2) March 4 - Pald cash for supplies, $1,500.00,Cl. 3.2 Work Together - Journalizing entries in a general journal Norma Dirks owns Dirks Copy Center which uses the following accounts. - Cash - Accounts Receivable - K. Spah - Supplles - Preparid Insurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense Joumalize each transaction completed during April entries will be made on the next blank line of the journal. Source documents are abbreviated as follows: check - C; receipt - R; memorandum - M. (You will use the same Journal for Work Together 33.) Transactions: 1) April 5 - Bought supplies on account from Supply Mart, $600.00,M1 2) April 7 - Paid cash for insurance, $500.00,C2. 3) April 9 - Paid cash on account to Supply Mart, $300,00,C3. 3.2 On Your Own - Journalize entries in a general ledger Michelle Sullivan owns Sullivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplies - Prepaid Insurance - Accounts Payable - Bayside Supplies - Michelle Sullivan, Capital - Michelle Sullivan, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Journalize each transaction completed during June entries will be made on the next blank line of page 1 of the journal. Source documents are abbreviated as follows: check C; receipt R; memorandum - M. (You will use the same journal for On Your Own 3-3.) 2 SOURCE DOCUMENTS PROBLEM (eOntinued) Chopter 3 Joumalizing Transoctions 49 4-2 Journolixing entritis in a peneral journe! 3-3 Journolizing trensachions thent affournal Chapler 3 Journd zing Transoctions 41 a. DOCUMENTS PROBLEM (concluded) Chopher 3 Journalizing Transoctions 53 48. Working Papers 3.5 SOURCE DOCUMENTS PROBLEM (Continued) 50. Woking Popers 3. Journelizing fronaoctions that che genarel fournal [Lot, 4, 5, 6,7) 3.4.1 Starting a new lournal pege |NO3 Transactions: 1) June 23 - Sold services on account to G, Stratton, $515.00,52. 2) June 24 - Pald cash for advertising, $165,00,C7 2) June 25 - Recelved cash from sales, $1,100.00,T25. 4) June 26 - paid cash for deliven fratton, $635.00,R3. 6) June 27 - Paid cash for postage (Miscellane $210.00, C10. 7) June 28 - paid cash for supplies, $210.00,0.00,T30. 8) June 30 - Received cash from sal page 3.4.1 Application Problem: Starting anew. D. M Company uses the following accounts. - Cash - Accounts Recelvable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense * Dennis Marier, Capital noumaize each transaction complank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt R; memorandum - M. Transactions: 1) March 26 - Received cash on account from Scott Company, $100.00,R3, 2) March 26 - Paid cash for a delivery (Miscellaneous Expense), $15.00,C9. 3) March 27 - Sold services on account to Scott Company, $400.00,52. 4) March 27 - Paid cash for supplies, $22.00,C10. 5) March 28 - Paid cash for rent, $100.00,C11. 6) March 29 - Paid cash for postage (Miscellaneous Expense), $44.00,C12. 7) March 31 - Received cash from sales, $685.00, T31. 8) March 31 - Paid cash to owner as withdrawal of equity, $400.00,C13. 3.4.2 Application Problem: Journalizing transactions Mundt Services uses the following accounts. - Cash - Accounts Receivable - J. Lepowsky - Supplies - Prepaid Insurance - Accounts Payable - Southern Supplies - Mikaela Mundt, Capital - Mikaela Mundt, Drawing - Sales - Advertising Expense - Utilities Expense Journalize each transaction completed during August of the current year. Use page 1 of the journal given in the Working Papers. Remember to record appropriate source document numbers. Chapter 3 Problems Packet Instructions - Work Together, Application and Mastery Problems Use the working papers to complete these assignments: 3/1 Work Together - Journalixe entries in a general ledger Worma Dirks owns Dirks Copy Center which uses the following accounts. * Cash - Accounts Receivable - K. Spah * Supplies - Prepaid tnsurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing * Sales - Miscelianeous Expense - Rent Expense - Utilities Expense Journalize each transaction completed during April. Use page 1 of the journal. Source documents are abbreviated as follows: check- C;receipt R, (You will use the same journal for Work Together 3-2.) Transactions: 1) April 1 - Received cash from owner as an investment, $2,800.00,R1 2) April 2 - Paid cash for supplies, $455,00, C1. 3.1 On Your Own - Journalize entries in a general ledger Michelle Sullivan owns Sullivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplies - Prepaid Insurance - Accounts Payable - Bayside Supplies - Michelle Sullivan, Capital - Michelle Sullivan, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Journalize each transaction completed during June. Use page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt - R. (You will use the same journal for On Your Own 3-2.) Transactions: 1) June 2 - Received cash from owner as an investment, $3,200.00,R1 2) June 3 - Paid cash for supplies, $600.00, C1. 3.1 Application Problem: Journalizing transactions in a general journal D \& M Company uses the following accounts. - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital 1 12) May 10 - Paid cash for repairs, $194.00,06. 14) May 11 - Pad cash for miscellaneous expense, 520.00,C7 15) May 11 - Recelved cash from sales; $315,00, T11. 15) May 12 - Received cash from sales, $450.00,T12. 17) May 15 - Paid cash to owner as a withdrawal of equity for personal use, $2,000,00, CO. 18) May 15 - Received cosh from sales, $450,00,115. 19) May 16 - Paid cash for supplies, $550.00,C9 20) May 17 - Recelved cosh on occount from Zachary's Limos, \$115.00. R2. 21) May 17 - Bought supplies on account from OK Supplies, $300,00,M2. 22) May 17 - Received cash from sales, $250.00, T17 23) May 19 - Received cash from sales, $325.00, T19. 24) May 22 - Bought supplies on account from OK Supplies, $30.00,M3. 24) May 22 - Bought supplies on account trom 22 - Received cash from sales, 5305,00,122. 26) May 23 - Sold services on account to Zachary's Limos, $291,00,52. 27) May 24 - paid cash for advertising, $75,00,C10. 28) May 24 - Received cash from sales, $150.00,R24. 29) May 24 - Received cash from sales, $150.00, Received cash from sales, $385.00,T25. 30) May 26 - Paid cash for supplies, $45,00,C11 31) May 26 - Received cash from sales, $150.00, T26. 32) May 29 - Received cash on account from Zachary's Limos, $175,00,R3. 33) May 31 - Paid cash to owner as withdrawal of equity, $2,250,00,C12. 34) May 31 - Received cash from sales, $250.00, T31. 3.S Source Documents Problem: Journalizing transactions from source documents White's Repair Service uses the following accounts. - Cash - Accounts Receivable - J. Puckett - Supplies - Prepaid Insurance - Accounts Payable - Atlas Supplies - Henry White, Capital - Henry White, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense Use the source documents related to the transactions for White's Repair Service provided in the working papers to journalize the entries for June. Source documents are abbreviated as follows: check - C; receipt - R; memorandum - M; sales invoice, 5 ; calculator tape, T. 3- C Challenge Problem: Journalizing transactions using a variation of the general journal. Grab a copy of the textbook to get the instructions. This assignment is extra credit. 3.2 Jeurnalining fronsections in 3.2 Journelising fronsections in a enneral joumal (LO3, 4] 3-3 journal (LOS, 4, 5) 3-4.1 Starting a new journel pos, 6,7 ). (tos, 4, 5, 6, 7, at: Chapter 3 Joumalizing Transoctions 1) August 1 business, Receipt No 1 . 2) August 3 - Used business cash to purchase supplies costing $216.00, Wrote Check No. 1 . August 4 - Wrote Check No 2 for insurance, $245.00. 3) August 4 Wugust 5 - Purchased check No 2 for insurance, $245.00, Supplies, promising to send the for $68.00 over the phone from Southern Supplies, promising to send the check next week, Memo No. 1 . August 11 - Sent check No, 3 to Southern Supplies, $68.00 6) August 12 - Sent check for the electricity bill, $180,00. Check number 4 . 7) August 15 - Wrote a $800,00 check to Ms. Mundt as a withdrawal of equity. for personal use. Used Check no, 5 . 8) August 16 - Sold services for $412.00 to J. Lepowsky, who agreed to pay for them within ten days. 9) August 17 - Recorded cash sales of $1,179,00. Calculator tape dated August 17. T17. 2) August 25 - Received $412.00 from J, Lepowsky for the services performed previously, Wrote Receipt no. 2 . 3.M Mastery Problem: Journalizing transactions and starting a new journal page Sadie's Car Wash uses the following accounts. - Cash - Accounts Receivable - Zachary's Limos - Supplies - Prepaid Insurance - Accounts Payable - OK Supplies - Accounts Payable - Archer Supplies - Sadie Berkowitz, Capital - Sadie Berkowitz, Drawing - Sales - Advertising Expense - Miscellaneous Expense - Rent Expense - Utilities Expense - Repairs Expense Journalize each transaction completed during May of the current year. Use page 1 of the journal given in the Working Papers for transactions between May 1 and 15. Remember to record appropriate source document numbers. Page 2 will be used for the remaining transactions in May. Transactions: 3) May 1 - Received cash from owner as an investment, $8,000.00.R1. 4) May 2 - Paid cash for supplies, $150.00Cl. 5) May 3 - Paid cash for rent, $450.00,C2. 6) May 4 - Bought supplies on account from Archer Supplies, $850.00,M1. 7) May 5 - Paid cash for electric bill, $123.00C3. 8) May 8 - Paid cash on account to Archer Supplies, $500.00,C4. 9) May 8 - Received cash from sales, $490.00, T8. 10) May 8 - Sold services on account to Zachary's Limos, $225.00,51. 11) May 9 - Paid cash for insurance, $600.00,C5. Transactions: 1) June 23 - Sold services on account to G, Stratton, $515.00,52. 2) June 24 - Pald cash for advertising, $165,00,C7 2) June 25 - Recelved cash from sales, $1,100.00,T25. 4) June 26 - paid cash for deliven fratton, $635.00,R3. 6) June 27 - Paid cash for postage (Miscellane $210.00, C10. 7) June 28 - paid cash for supplies, $210.00,0.00,T30. 8) June 30 - Received cash from sal page 3.4.1 Application Problem: Starting anew. D. M Company uses the following accounts. - Cash - Accounts Recelvable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense * Dennis Marier, Capital noumaize each transaction complank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; receipt R; memorandum - M. Transactions: 1) March 26 - Received cash on account from Scott Company, $100.00,R3, 2) March 26 - Paid cash for a delivery (Miscellaneous Expense), $15.00,C9. 3) March 27 - Sold services on account to Scott Company, $400.00,52. 4) March 27 - Paid cash for supplies, $22.00,C10. 5) March 28 - Paid cash for rent, $100.00,C11. 6) March 29 - Paid cash for postage (Miscellaneous Expense), $44.00,C12. 7) March 31 - Received cash from sales, $685.00, T31. 8) March 31 - Paid cash to owner as withdrawal of equity, $400.00,C13. 3.4.2 Application Problem: Journalizing transactions Mundt Services uses the following accounts. - Cash - Accounts Receivable - J. Lepowsky - Supplies - Prepaid Insurance - Accounts Payable - Southern Supplies - Mikaela Mundt, Capital - Mikaela Mundt, Drawing - Sales - Advertising Expense - Utilities Expense Journalize each transaction completed during August of the current year. Use page 1 of the journal given in the Working Papers. Remember to record appropriate source document numbers. Transactions: 1) June 5 - Paid cash for insurance, $300.00,C2. 2) June 9 - Bought supplies on account from Bayside Supplies, $700.00, M1. 3.2 Application Problem: Journationt to Bayside Supplies, $400.00,C3. and paying on account in a general Journaliz buy insurance, buying on account D \& M Company uses the following accounts. - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital Journalize each transaction completed during March entries will be made on the next blank line of page 1 of the joumal. Source documents are abbreviated as follows; check - C; receipt - R; memorandum - M. (You will use the same journal Transactions: - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expens 1) March 6 - Paid cash for insurance, $300.00,C2 3) March 7 - Bought supplies on account from Supply Mart, $1,000.00,M1 4) March 8 - Paid cash on account to Supply Mart, $500.00,C3. 4) March 12 - Paid cash on account to Supply Mart, $500.00, C4. a general journal Norma Dirks owns Dirks Copy Center which uses the following accounts. - Cash - Accounts Receivable-K. Spah - Supplies - Prepaid Insurance - Accounts Payable - Supply Mart - Accounts Payable - Oceanside Supplies - Norma Dirks, Capital - Norma Dirks, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense lournalize each transaction completed during April entries will be made on the next lank line of the journal. Source documents are abbreviated as follows: check - C; eceipt - R; memorandum - M; sales invoice, S; calculator tape, T. (You will use he same journal for Work Together 3-4.) ransactions: 1) April 12 - Paid cash for rent, $650.00,C4. 2) April 13 - Received cash from sales, $2,500.00,T13. 3 fournalizing transactions (LOS, 4. S. A x Chopter 3 Joumalizing Tronsoctions 45 52. Working Popers 3-1 Journalixing entries in a general journel 3-2 Jourmoliaing entries in a general fournel 3-3 Journoliring transections that offect ownars equity in a general foumal Chapler 3 Journalizing Transoctions 39 IS. suopposuby Burzipunor iadoys s-e CHALISNOE PROBLEM, p. 87 (103, 4,5,6,7 54 - Working Pepers 3) Aprit 14 - Sold services on account to K,5pah,$480.00,$1. 4) April 19 - Paid cash for electric bill, $220.00, C5 5) April 20 - Recelved cash on account from K. Spah, $255.00.R2. 5) April 21 - Pald cash to owner as a withdrawal of equity, $1,500.00,C6 3.3 On Your Own - Journalizing transactions that affect owner's equity in a general journal Michelle Sulivan owns Sultivan's Service Center, which uses the following accounts. - Cash - Accounts Receivable - G. Stratton - Supplles - Prepaid Insurance - Accounts Payable - Bayside - Michelle Sullivan, Capital - Michelle Sullivan, Drawing * Sales - Advertising Expense - Miscellaneous Expense - Rent Expense Supplies Journalize each transaction completed during June entries will be made on the next blank line of page 1 of the journal. Source documents are abbreviated as follows: check - C; recelpt - R; memorandum - M; sales invoice, S; calculator tape, T. (You will use the same foumal for On Your Own 3-4.) Transactions: 1) June 11 - Paid cash for rent, $750.00,C4. 2) June 12 - Sold services on account to G. Stratton, $800.00,51. 3) June 16 - Received cash from sales, $4,300.00,T16. 4) June 17 - Paid cash for postage (Miscelianeous Expense), $37.00,C5 5) June 19 - Received cash on account from G. Stratton, $500,00, R2. 6) June 20 - Paid cash to owner as a withdrawal of equity, $1,200.00,C6. 3.3 Application Problem: Journalizing buying insurance, buying on account and paying on account in a general journal D \& M Company uses the following accounts: - Cash - Accounts Receivable - Scott Company - Supplies - Prepaid Insurance - Dennis Marier, Capital - Dennis Marier, Drawing - Sales - Miscellaneous Expense - Rent Expense - Utilities Expense