Name
Date
5-1
5
Class
WORK TOGETHER, p. 123
Endorsing and writing checks
1.
a.
b.
ENDORSE HERE
(Student’s signature)
X
ENDORSE HERE
Pay to the order of
X
Kelsey Sather
(Student’s signature)
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
RESERVED FOR FINANCIAL INSTITUTION USE
c.
ENDORSE HERE
For deposit only to
X
the account of
Balsam Lake Accounting
(Student’s signature)
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
2., 3., 4a.
NO. 78
$
October 30
Corner Garage
162.00
20 - -
Date:
To:
NO.
154 Main Street
Balsam Lake, WI 54810-3982
Repairs
For:
Balsam Lake Accounting
1805 75
AMT. DEPOSITED . . . . 10 30 - 489 00
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . 2,294 75
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
Date
Corner Garage
One hundred sixty-two and no/100
Peoples national bank
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
2,294 75
162 00
2,132 75
FOR
Repairs
Balsam Lake, WI 54810
091801098
October 30 - 162.00
20
PAY TO THE
ORDER OF
OTHER:
93-109
918
78
$
DOLLARS
For Classroom Use Only
Student’s Signature
291'36118'
4b.
NO. 79
$
October 30
St. Croix Supply
92.00
Date:
To:
For:
20 - -
NO.
154 Main Street
Balsam Lake, WI 54810-3982
Supplies
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Balsam Lake Accounting
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
2,132 75
2,132 75
2,132 75
92 00
2,040 75
October 30 - 92.00
20
St. Croix Supply
Ninety-two and no/100
PAY TO THE
ORDER OF
$
DOLLARS
Peoples national bank
FOR
Supplies
Balsam Lake, WI 54810
091801098
93-109
918
79
For Classroom Use Only
Student’s Signature
291'36118'
Chapter 5
Cash Control Systems • 93
5-1
ON YOUR OWN, p. 123
Endorsing and writing checks
1.
a.
b.
ENDORSE HERE
Pay to the order of
X
ENDORSE HERE
For deposit only to
X
Kenneth Burleson
the account of
(Student’s signature)
Centuria Hair Care
(Student’s signature)
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
RESERVED FOR FINANCIAL INSTITUTION USE
2., 3., 4a.
NO. 345
$
May 31
Uniforms Plus
355.00
Date:
To:
20 - -
1250 State Street
Centuria, WI 54824-7264
Uniform Rental
For:
CENTURIA HAIR CARE
2,106 53
AMT. DEPOSITED . . . . 5 31 - 456 25
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . 2,562 78
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
Date
Uniforms Plus
Three hundred fifty-five and no/100
County Bank
Dresser, WI 54009
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
2,562 78
355 00
2,207 78
FOR
Uniform rental
091810580
79-1058
918
May 31 - 355.00
20
PAY TO THE
ORDER OF
OTHER:
345
NO.
$
DOLLARS
For Classroom Use Only
(Student’s Signature)
291'36118'
4b.
NO. 346
To:
May 31
Hair World
For:
Supplies
$
412.00
Date:
20 - -
1250 State Street
Centuria, WI 54824-7264
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
CENTURIA HAIR CARE
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
94 • Working Papers TE
2,207 78
2,207 78
2,207 78
412 00
1,795 78
HairWorld
Four hundred twelve and no/100
County Bank
Supplies
Dresser, WI 54009
091810580
346
79-1058
918
May 31 - 412.00
20
PAY TO THE
ORDER OF
FOR
NO.
$
DOLLARS
For Classroom Use Only
(Student’s Signature)
291'36118'
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Name
Date
5-2
Class
WORK TOGETHER, p. 128
Reconciling a bank statement and recording a bank service charge
1.
July 29, 20 – –
RECONCILIATION OF BANK STATEMENT
Balance On Check Stub No. 106
___ . . . . . . . . . . . .
$
1,575 00
Balance On Bank Statement . . . . . . . . . . . . . . . . . .
$
1,528 00
ADD OUTSTANDING DEPOSITS:
DEDUCT BANK CHARGES:
Description
Service Charge
(Date)
Amount
Date
Amount
$
7/28/ – –
2 00
$
150 00
Total outstanding deposits
2 00
Total bank charges
$
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
Ck.
No.
Amount
103
105
Amount
70 00
35 00
105 00
Total outstanding checks
Adjusted Check Stub Balance . . . . . . . . . . . . . .
2.
$
1,573 00
NO. 106
150 00
1,678 00
Adjusted Bank Balance . . . . . . . . . . . . . . . . . . . . . .
$
1,573 00
$
Date:
20 - -
To:
For:
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
1,575 00
1,575 00
Service Charge 2.00
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
2 00
1,573 00
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . .
3.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
14
CREDIT
1
1
14
15
29 Miscellaneous Expense
M44
Cash
2 00
14
2 00
15
16
16
Chapter 5
Cash Control Systems • 95
5-2
ON YOUR OWN, p. 128
Reconciling a bank statement and recording a bank service charge
1.
April 30, 20 – –
RECONCILIATION OF BANK STATEMENT
Balance On Check Stub No. 119
___ . . . . . . . . . . . . . $
3,606 00
Balance On Bank Statement . . . . . . . . . . . . . . . . . .
$
3,184 00
ADD OUTSTANDING DEPOSITS:
DEDUCT BANK CHARGES:
Description
Service Charge
(Date)
Amount
Date
Amount
$
4/29/ – –
4/30/ – –
15 00
$
360 00
510 00
Total outstanding deposits
15 00
Total bank charges
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
Ck.
No.
Amount
115
117
118
$
Amount
70 00
313 00
80 00
Total outstanding checks
Adjusted Check Stub Balance . . . . . . . . . . . . . . . $
2.
3,591 00
NO. 119
870 00
4,054 00
Adjusted Bank Balance . . . . . . . . . . . . . . . . . . . . . . . . $
463 00
3,591 00
$
Date:
20 - -
To:
For:
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
3,606 00
3,606 00
Service Charge 15.00
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
15 00
3,591 00
AMT. THIS CHECK . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . .
3.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
8
CREDIT
1
17
18
1
30 Miscellaneous Expense
Cash
19
96 • Working Papers TE
M84
1 5 00
17
1 5 00
18
19
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Name
Date
5-3
5
Class
WORK TOGETHER, p. 133
Recording dishonored checks, electronic funds transfers, and debit card purchases
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
6
CREDIT
1
1
15 Accounts Receivable—Christopher Ikola
3
M121
7 3 00
3
Cash
4
7 3 00
16 Accounts Payable—Spinoza Enterprises
5
6
Cash
7
17 Supplies
8
Cash
M122
1 3 5 00
5
1 3 5 00
M123
4
3 1 00
6
7
3 1 00
8
9
9
10
10
11
11
12
12
13
13
5-3
ON YOUR OWN, p. 133
Recording dishonored checks, electronic funds transfers, and debit card purchases
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
12
CREDIT
1
15
16
17
1
12 Accounts Receivable—Thomas Hofski
M54
9 5 00
Cash
13 Accounts Payable—Alfonso Company
18
Cash
19
14 Supplies
20
Cash
15
9 5 00
M55
2 4 3 00
17
2 4 3 00
M56
16
6 5 00
18
19
6 5 00
20
21
21
22
22
23
23
24
24
25
25
Chapter 5
Cash Control Systems • 97
5-4
WORK TOGETHER, p. 138
Establishing and replenishing a petty cash fund
GENERAL JOURNAL
DATE
DOC.
NO.
ACCOUNT TITLE
20 – –
1
July 3 Petty Cash
2
Cash
3
31 Supplies
PAGE
POST.
REF.
C57
DEBIT
CREDIT
2 5 0 00
1
2 5 0 00
C97
4
Miscellaneous Expense
5
Repair Expense
2
2 5 00
3
8 00
4
4 5 00
5
7 8 00
Cash
6
13
6
7
7
8
8
9
9
10
10
11
11
12
12
5-4
ON YOUR OWN, p. 138
Establishing and replenishing a petty cash fund
GENERAL JOURNAL
DATE
ACCOUNT TITLE
20 – –
1
Aug. 1 Petty Cash
2
Cash
3
31 Supplies
PAGE
DOC.
NO.
C114
POST.
REF.
DEBIT
15
CREDIT
2 0 0 00
1
2 0 0 00
C157
2
7 2 00
3
4
Advertising Expense
4 0 00
4
5
Miscellaneous Expense
3 3 00
5
6
Cash
1 4 5 00
6
7
7
8
8
9
9
10
10
11
11
12
12
98 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Name
5-1
Date
Class
APPLICATION PROBLEM, p. 140
Endorsing and writing checks
1.
a.
b.
ENDORSE HERE
X
(Student’s signature)
ENDORSE HERE
Pay to the order of
X
Vu Kim
(Student’s signature)
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
RESERVED FOR FINANCIAL INSTITUTION USE
c.
ENDORSE HERE
For deposit only to
X
the account of
Accounting Tutors
(Student’s signature)
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
Extra forms
ENDORSE HERE
ENDORSE HERE
X
X
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
DO NOT WRITE, STAMP, OR SIGN BELOW THIS LINE
RESERVED FOR FINANCIAL INSTITUTION USE
RESERVED FOR FINANCIAL INSTITUTION USE
Chapter 5
Cash Control Systems • 99
5-1
APPLICATION PROBLEM (concluded)
2., 3., 4a.
$ 945.00
September 30
Williamson Street Supplies
NO. 390
Date:
To:
20 - -
6,711 62
AMT. DEPOSITED . . . . 9 30 - - 1,244 25
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . 7,955 87
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
7,955 87
945 00
7,010 87
September 30
Williamson Street Supplies
Nine hundred forty-five and no/100
PAY TO THE
ORDER OF
First National Bank
OTHER:
FOR
Supplies
Minneapolis, MN 55447
091004329
390
NO.
707 Oak Street
Minneapolis, MN 55447
Supplies
For:
Accounting Tutors
$
17-432
910
-945.00
20
DOLLARS
For Classroom Use Only
(Student’s Signature)
291'36118'
4b.
$ 112.00
September 30
Spring Park Tribune
NO. 391
20 - -
Date:
To:
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
7,010 87
7,010 87
September 30
Spring Park Tribune
One hundred twelve and no/100
PAY TO THE
ORDER OF
First National Bank
Minneapolis, MN 55447
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
7,010 87
112 00
6,898 87
FOR
391
NO.
707 Oak Street
Minneapolis, MN 55447
Advertising
For:
Accounting Tutors
Advertising
$
17-432
910
-112.00
20
DOLLARS
For Classroom Use Only
(Student’s Signature)
A091004329A 291C36118C
4c.
NO. 392
$
September 30
Bryce Wilton
250.00
Date:
To:
For:
20 - -
NO.
707 Oak Street
Minneapolis, MN 55447
Rent
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Accounting Tutors
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
AMT. THIS CHECK . . . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . . . .
6,898 87
6,898 87
6,898 87
250 00
6,648 87
100 • Working Papers TE
September 30
Bryce Wilton
Two hundred fifty and no/100
PAY TO THE
ORDER OF
First National Bank
FOR
Rent
392
Minneapolis, MN 55447
$
17-432
910
-250.00
20
DOLLARS
For Classroom Use Only
(Student’s Signature)
A091004329A 291C36118C
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Name
Date
5-2
Class
APPLICATION PROBLEM, p. 140
Reconciling a bank statement and recording a bank service charge
1.
May 31, 20 – –
RECONCILIATION OF BANK STATEMENT
Balance On Check Stub No. 312
___ . . . . . . . . . . . .
$
2,130 99
Balance On Bank Statement . . . . . . . . . . . . . . . . . .
$
1,927 00
ADD OUTSTANDING DEPOSITS:
DEDUCT BANK CHARGES:
Description
Service Charge
(Date)
Amount
Date
Amount
$
5/30/ – –
20 00
$
756 25
Total outstanding deposits
20 00
Total bank charges
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
Ck.
No.
Amount
310
311
$
Amount
421 76
150 50
572 26
Total outstanding checks
Adjusted Check Stub Balance . . . . . . . . . . . . . .
2.
$
2,110 99
NO. 312
756 25
2,683 25
Adjusted Bank Balance . . . . . . . . . . . . . . . . . . . . . .
$
2,110 99
$
Date:
20 - -
To:
For:
BAL. BRO’T. FOR’D. . . . . . . . . . . . . .
AMT. DEPOSITED . . . .
Date
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
OTHER:
2,130 99
2,130 99
Service Charge 20.00
SUBTOTAL . . . . . . . . . . . . . . . . . . . . .
20 00
2,110 99
AMT. THIS CHECK . . . . . . . . . . . . .
BAL. CAR’D. FOR’D. . . . . . . . . . . .
3.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
10
CREDIT
1
1
21
22
31 Miscellaneous Expense
M58
Cash
2 0 00
21
2 0 00
23
22
23
Chapter 5
Cash Control Systems • 101
5-3
APPLICATION PROBLEM, p. 141
Recording dishonored checks, electronic funds transfers, and debit card purchases
GENERAL JOURNAL
DATE
PAGE
DOC.
NO.
ACCOUNT TITLE
POST.
REF.
DEBIT
8
CREDIT
1
1
25 Accounts Receivable—Ralston Eubanks
12
M333
1 5 5 00
12
Cash
13
1 5 5 00
26 Accounts Payable—Reed Rosman
14
15
Cash
16
27 Supplies
17
Cash
M334
2 8 9 00
14
2 8 9 00
M335
13
5 4 00
15
16
5 4 00
17
18
18
19
19
20
20
21
21
22
22
5-4
APPLICATION PROBLEM, p. 141
Establishing and replenishing a petty cash fund
GENERAL JOURNAL
DATE
ACCOUNT TITLE
PAGE
DOC.
NO.
POST.
REF.
DEBIT
22
CREDIT
1
1
4
5 Petty Cash
5
Cash
6
30 Supplies
C527
3 0 0 00
4
3 0 0 00
C555
5
5 7 00
6
7
Miscellaneous Expense
5 8 00
7
8
Repair Expense
4 0 00
8
9
Postage Expense
1 0 00
9
10
Cash
1 6 5 00
10
11
11
12
12
13
13
14
14
102 • Working Papers TE
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
Name
Date
5-5
Class
MASTERY PROBLEM, p. 141
Reconciling a bank statement; journalizing a bank service charge, a dishonored check,
and petty cash transactions
1., 3.
GENERAL JOURNAL
DATE
ACCOUNT TITLE
20 – –
1
2
3
Aug. 21 Petty Cash
24 Repair Expense
Cash
5
26 Supplies
6
Cash
8
9
10
11
27 Accounts Receivable—Bruce Kassola
28 Miscellaneous Expense
31 James Astrup, Drawing
13
31 Supplies
16
17
18
19
C110
DEBIT
C111
1
1 6 5 00
C112
6 0 00
1 7 5 00
3 1 00
4 0 0 00
13
1 3 0 00
14
3 5 0 00
Sales
Cash
15
16
3 5 0 00
M34
12
1 2 5 00
2 5 5 00
T31
10
11
4 0 0 00
C115
8
9
3 1 00
C114
6
7
1 7 5 00
C113
4
5
6 0 00
M33
2
3
1 6 5 00
Cash
31 Miscellaneous Expense
CREDIT
3 0 0 00
Miscellaneous Expense
31 Cash
20
3 0 0 00
Cash
Cash
15
POST.
REF.
Cash
12
14
DOC.
NO.
Cash
4
7
PAGE
1 5 00
17
18
1 5 00
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
Chapter 5
Cash Control Systems • 103
5-5
MASTERY PROBLEM (concluded)
2.
August 31, 20 – –
RECONCILIATION OF BANK STATEMENT
Balance On Check Stub No. 116
___ . . . . . . . . . . . .
$
2,431 00
Balance On Bank Statement . . . . . . . . . . . . . . . . . .
$
2,721 00
ADD OUTSTANDING DEPOSITS:
DEDUCT BANK CHARGES:
Description
Service Charge
(Date)
Amount
Date
Amount
$
8/31/ – –
15 00
$
350 00
Total outstanding deposits
15 00
Total bank charges
SUBTOTAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
DEDUCT OUTSTANDING CHECKS:
Ck.
No.
114
115
Amount
Ck.
No.
$
Amount
400 00
255 00
655 00
Total outstanding checks
Adjusted Check Stub Balance . . . . . . . . . . . . . .
104 • Working Papers TE
$
2,416 00
350 00
3,071 00
Adjusted Bank Balance . . . . . . . . . . . . . . . . . . . . . .
$
2,416 00
COPYRIGHT © SOUTH-WESTERN CENGAGE LEARNING
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Chapter 5 Solutions