This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look

   
 
 
 
 
 
 
 

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This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) This comprehensive review problem requires you to complete the accounting cycle for Sherman Realty twice. This practice set allows you to review Chapters 1-5 while reinforcing the relationships between all parts of the accounting cycle. By completing two cycles, you will see how the ending April balances in the ledger are used to accumulate data in May First, look at the chart of accounts for Sherman Realty Sherman Realty Chart of Accounts Assets Revenue 111 Cash 411 Commissions Earned Expenses 511 Rent Expense 112 Accounts Receivable 114 Prepaid Rent 115 Office Supplies 512 Salaries Expense 121 Office Equipment 513 Gas Expense 122 Accumutated Depreciation, Office Equipment 514 Repairs Expense $15 Telephone Expense 123 Automobile 124 Accumulated Depreciation, Automobile 516 Advertising Expense (contied on ext pae) 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman 180 180 CHAPTER S The Accounting Cycle Completed $17 Ofice Supplies Expense 518 Depreciation Expense, Office Equipment Liabilities 211 Accounts Payable 212 Salaries Payable 519 Depreciation Expense, Automobile 524 Miscellanenus Expense Owner's Equity 311 Jacob Sherman, Capital 312Jacob Sherman, Withdrawals 313 Income Summary On April 1, 201X, Jacob Sherman opened a real estate office called Sherman Realty The following transactions were completed for the month of April: 201X Jacob Sherman invested $14,000 cash in the real estate agency along with 59,000 of office equipment. April 1 HDEPOSIT TICKET CUNC 1400000 CA SHERNAN REALTY (213)478-3584 8200 SUNSET BOULEVARD CoN Los Angeles, CA 90028 DAT April 1 201X 14000 00 YOTAL LCA E M.000 00 BAY BANK Box 1739 Terminal Annes Los Angelen, CA S00s2 April erie and paidmonthrent in advance t Rday Property Management, 13600. SHERMAN REALTY 21 478-3584 8200 SUNSET BOULEVARD LOS ANGELES. CAS0028 April 1 201X re o McLay Property Mamt Co. 3,600 CROER OF Three Thousand six Hundred ể OLLARS BAY BANK 1700 T w Ae Ls Ang CA M ent ApndJuly20 Jacob Sherman CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA CHAPTER S The Accounting Cycle Completed 18 April 1 Bought an automobile on account from Jeep East. $14,000, 1 Salem St. Lon Angeles, CA 90052 (213) 639-1917 INVOICE Jeep East INVOICE NO. 1113 DATE Aprl /IX TERMS Net 00 To: SHERMAN REALTY 8200 Surset Blvd. Los Angeles, CA 90028 QUANTITY DESCRITION UNIT PRICE AMOUNT ONLY 4Deer AutomatK 114.000.00 $14.000 00 Make all checks payable to Jeep East SUBTOTAL 14.000.00 FREIGHT TAX TOTAL DUE $14.000.00 THANK YOU PFOR YOUR BUSINESSI April4 Purchased office supplies from The Office Store, for cash, S900. The Office Store 1 Femorot Rd Lon Argelen, CA DOos2 Phone 13 21-00ne INVOICE DATE AtE NUMBER D18795 TERMS Ce SOLD TO Sheman Reaty s200 Sunet Bvd Los Angee. CA D002 SHIPPED TO Sherman Feaity 200 ure d Los Angeles. CA D0o DATE DESCRImON UNIT PRICE AMOUNT PAYMENT RECMDOHAE-THANK TOU 300.00 Bun Nte 11 PLEASE AY THE AVE THANK YOU FOR YOUR BUSINESS SHERMAN REALTY 478-354 0002 n200 UNSET ĐOUEVND Lo AHGELES, CA April 4 201x The office Store 900 Nine Hundred and tr t Gaco Shamae MA 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees 182 182 CHAPTIR 5 The Accounting Cycle Completed Aprils Purchased additional office supplies from The Office Store, on account, $450. INVOICE The Office Store 1 Femoroft Rd. Los Angales, CA 00s2 Phone 1 631-0zen DATE Apri Ix NUMBER DIMAS TERMS SOLD TO SHPPED TO Sherman Peaty 8200 Sunset Blvd. Lon Angeles, GA 0O028 Sheman Realty 8200 Sunset Bivd. Loe Angeles, CA S002 DATE DESCRIPTION UNIT PRICE AMOUNT Apri. SX omce uphes Subal 450.00 Teal $450.00 Dusiness Number 116885S50 PLEASE PAY THE ABOVE THANK YOU FOR YOUR BUSINESS Aprils Sold a house to Bryce lyman and csliected a .500 mmisian. DEPOSIT TICKET CA PEAH RRALTY (213)470-3s4 200 ET BOULEVARD Ls Angele, CA 90028 201X GApril 6 BAY ANK Bo 1739 Tesinal AnK Las Anyele, CA 05 SHERMAN TY Commiten lee e ees CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant CHAPTER S The Accounting Cycle Completed 183 April Paid gas bill to Harvey Petroleum Gas Co. $25. SHERMAN REALTY 213) 478-3584 0003 8200 SUNSET BOULEVARD LOS ANGELES, CA 90028 April 8 201X PAY TO THE OFCEn OF Harvey Petroleum Gas Co. 25 Twenty-Five and DOLLARS BAY BANK Box 1730 Terminal Annes Los Angeles, CA DO0S2 MEMO Gas Bil-April. 6 Jacob Sherman Agril 15 Paid Tessa Hardy, offie secretary. 550. SHERMAN REALTY 213) 478-3584 0004 8200 SUNSET BOULEVARD LOS ANGELES, CA D0028 April 15 201X O HE Tessa Hardy ORDEROF 550 Five Hundred Fifty and .OOLLARD BAY BAN 179 Teminal Ae Los Angee CA soosa Mo lary-April 1-5 Jacob Sherman Sota ding let t W Land Develpe and ad an 500 menttobe ecehed an Mey Aprt sMAN RLALY COMMISSION PORT Wand Commiteee late e Ant 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 184 184 CHAPTER S The Accounting Cycle Cempleted April 20 Jacsb Sherman withdrew S3.000 fem the business to pay persoral epenses. SHERMAN REALTY (213 478-3584 0005 8200 SUNSET BOULEVARD LOS ANGELES, CA 90020 April 20 201X Per O THE Jacob Sherman ORDROF 3,000 Three Thousand and to DOLLARS BAY BANK Bon 1730 Teminat Arnex Lon Angeles, CA s00s2 MEMO Withdrawal Jacob sherman April 21 Sold a houne to Mary Dappler and callected a S8.000 commission DEPOSIT TICKET CA EU REALTY (213) 478-2584 8200 SUNGET BOCVAND Los Angeles, CA 50628 5.000 00 DA April 21 201X BAY HAK Box 1735 Teinal Anee Las Angelen. CA D0052 SMAN RALTY COMMINON RPORT Neme Mary Dert कि । Seles Dar es N At 2 u y 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 185 CHAPTER S The Acunting Cyle Cmplated 185 April 22 hit p bi, , ta Harvey Petreleum as C SHERMAN FEALTY RI 478-35 0006 8200 SUNSET BOULEVARD LOS ANGELES CA 0 April 22 201X TO THE oror Harvey Petroleum Gao Co. Ninety and Bos 17 T Los Arg CAoos Me Gao B-Ail 2 Jacob Sherman Apr P Jeep lat 40airtomoble 1Saem Las Ange CA INVOICE Jeep East BATE A E TERMS C Te SHEMAN EALTY 200 Bunel LosAngale CA S te UNTRCE THAN TOU FO VOUR SINE SEHAAN ALIYU -n4 April 24 20 LOS ANLEN CA Onno e e లం క్రీ C O p East Four Hundred Fifty and GAY B tthe e Jacab Sherma Miclonk DII DD 000 F9 F7 F8 F5 F6 F3 F4 & 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 186 186 CHAPTER S The Accounting Cycle Completed April 30 Pad Tesa Handy, ofce secretary. 10 SHERMAN REALTY 1 478-3584 8200 SUNSET BOULEVARD LOS ANGELES CA B002 April 30 201X w TO THE Tessa Hardy 550% Five Hundred Fifty and 8 .DOLLARS BAY BANK Box 1730 Twmin Aex Lon Anges CA 02 o Salary-April 16-30 Jacob Sherman Aprtl 0 Ponage Aril telephoneb, 200. Vonage 1Pak Place Lon Arge CA Your Statement SHERMAN REALTY Paymant 0 urnet vt Lon Ang CA Doo recelved April 30, 201x Per te Pe te tiee Oped N K Thar Menlyaldhang Total Due P aater ay SHERMAN REALTY 478-3s4 000 SUNSET BOULEVARD Los ANGELES CA April 30 201X Vorage 200 Two Hundred and M BAY BANK La An CA M Apr o hat Jacob Sherman MBock 000 000 DII DD 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook 187 CHAPTER S The Accounting Cycle Completed 187 April 30 Recelved advertising bill for Aril, S00, fm mpe Mead, the bis to bet on May 2. Tampa Herald leng . Tampa Harida, 27 INVOICE Sherman eay e Son Lan ngeie CA Inveice Na 479 Apri 2 May 220x SOLD T0 Date Dee Dete DATE DESCRIPTION AMOUNT A xAerisingin Tane Heung lee 20 STO.00 .00 SUBTOTAL Business Number 4412 MAKE ALL CHECKS PAYABLE TO TAMPA HERALD froTAL Required Work for April 1. Journalise transactions and post no ledger accounts 2. Prepare a trial balance in the first two columns of the worksheet and complete the worksheet using the following adjarment data A One month's rent had expired. A An inventory shows S150 of offce spplies remaining e Depreciation on office eqnipment, S170. 4. Depreciation on aotomobile, S00 Apr t-Cing lance 5. Pepare an April income statement, Matement of owner's oguits, and balance sheet . Fom the wokaheet, junalier nd post adjusting and dosing enies p Juf jurnal Preparea post-doning trial halance. During Mas Sherman Realty completed ithese ranactiona Hay Puithaed tionalf lim t he the omce S, S0 INVOICE The Office Store 1Femont LAng CA hone 1363-4 soD TO Sher ty WOSunel d L Agde CA BAT M e NMER nn TERM N SHPPED TO Sheman ety s00 t Lin g CA BATE UNt AMOUNT May a Man r n THANK YOUFOR YOU NESES THARD MacBook

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Answer : - 1. Date General Journal Debit Credit 201X Apr 1 Cash 14,000 Off View the full answer